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"Results Were Tempered": Pepsi Blames US Snack Slump On Cash-Strapped Consumers

"Results Were Tempered": Pepsi Blames US Snack Slump On Cash-Strapped Consumers PepsiCo blamed the second-quarter slowdown in its North American food unit on consumers tightening their belts. The period was marked by elevated pump prices tied to the US-Iran war, a squeeze that hit lower-income households the hardest and weighed on discretionary snack and beverage purchases. Revenue in the company's North American food unit fell 2%, while volumes remained flat, even as the junk food giant slashed prices on some of its brands by as much as 15% earlier this year...
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Oct 18, 2026 / Tyler Durden
Canadian Government Threatens To Punish Steel Maker Over Tariff Layoffs
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Jun 18, 2026 / Dave DeCamp
Israeli Strike on Vehicle in Gaza City Kills Three
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Jun 6, 2026 / Tyler Durden
Trump Says US Weighing Taking Stakes In AI Companies
Trump Says US Weighing Taking Stakes In AI Companies Authored by Jacob Burg via The Epoch Times, President Donald Trump told reporters on June 5 that his administration is exploring the possibility of the United States acquiring a public stake in artificial intelligence (AI) companies. Trump made the comment in response to a question about a recent News of the United States report, which suggested that unnamed senior U.S. officials had discussed with major AI firms the possibility of the federal government holding some shares in their companies. “There’s so much money that...
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