Expect price hikes of up to 10%

PepsiCo isn’t shying away from trying to protect its profit margins this year from surging inflation by increasing prices. “With levels of inflation and commodities as high as they are right now, we clearly are going to have to take some pricing. We have been investing heavily in our brands and heavily in product innovation. Because the world is in a bit of a stressful place, the simple pleasures of our products I think people are generally finding worth paying a few pennies more for. You… Source link

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The bullish case for the S&P 500 investors are ignoring: DataTrek

With the threat of anticipated rate hikes by the Federal Reserve still looming over markets, plenty of uncertainty remains as investors are tentative as to whether the recent partial recovery from the larger January downturn may be an instance of a “dead cat bounce.” According to DataTrek Research, there are several key reasons for a bullish case for large-cap equities that investors may be ignoring. “As much as Fed policy remains an overhang on US large cap stocks, there is a valid… Source link

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‘I feel scared; I get angry’

Inflation is seriously changing Ligia Murillo’s buying patterns — and she’s upset about it. “Prices are out of control,” Murillo, 55, of Norwalk, Conn., told Yahoo Finance. “I’m always looking for sales. I stopped buying steaks. I buy chicken; it’s less expensive.” Like millions of people, Murillo’s purchasing power has shrunk as inflation — at a 40-year high — continues to impact virtually every category of goods and services. “I am angry,” Murillo said. “I’m angry… Source link

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Microsoft offers 60 percent discount to Google ‘legacy’ G Suite customers

Google announced last month that it plans to make free “legacy” G Suite accounts pay for a subscription by May 1st. The move surprised a bunch of G Suite users that have been using the service with custom domains, and now, Microsoft is trying to entice G Suite users to pay for Microsoft 365 instead with a 60 percent discount offer. “If you’re a small business that’s relied on G Suite legacy free edition, we couldn’t help but notice you might be in the market for a new… Source link

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The items that are getting more expensive — and those that aren’t

Inflation permeated the food and energy sectors once again in January, as the Consumer Price Index (CPI) report released this morning reflected a 7.5% annual gain in prices in January, the fastest rise since 1982. The figure came in higher than the Dow Jones’ estimate, which predicted an annual increase of 7.2% Even though prices rose overall, a closer look at the report price shows that increases were not equally distributed throughout all sectors. “While much of January’s jump in the CPI… Source link

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Google debuts Android 13 with its first developer preview

Android 13’s first developer preview has just been released, and it offers a couple of interesting hints about Google’s focus for this year’s big mobile OS update. The new features include upgraded theming options and privacy features, new language controls, and, of course, plenty of back-end updates. These early previews are meant for developers rather than end users, so it’s best to hold off on upgrading until the software is in a more finished state. After Android 12’s heavy… Source link

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Google confirms Samsung, OnePlus, and others will use its dynamic color themes on Android 12

Google’s Material You dynamic color theming, which lets you more easily match your phone’s color palette with your wallpaper, is one of the standout features of Android 12, and it will be available on more devices from top Android phone makers “soon,” the company announced in a post on its Android developers blog Thursday. Devices from Samsung, OnePlus, Oppo, Vivo, Realme, Xiaomi, Tecno, “and more” will all be getting the feature. So far, the dynamic color theming has been… Source link

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Super Bowl betting is legal in these states

For this year’s Super Bowl, 45 million more American adults can legally wager on the big game than last year, thanks to a 2018 Supreme Court ruling that has spurred dozens of U.S. states to adopt legalized sports betting. Since last year’s match-up, 10 more states have legalized adult sports wagering, bringing the total number of states to 33, plus Washington, DC. Not all states are equal when it comes to legalized sports gambling. Some limit gamblers to physically making their bets from… Source link

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January CPI posts 7.5% annual gain

U.S. inflation accelerated in January, with prices across a wide range of goods and services soaring further amid lingering shortages and supply chain disruptions. The Consumer Price Index (CPI) released by the Bureau of Labor Statistics Thursday morning registered a 7.5% annual gain in January. Consensus economists were looking for a 7.3% rise, according to Bloomberg data. This represented the fastest rise since 1982, as well as an acceleration from the 7.0% year-over-year increase seen in… Source link

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Another 223,000 individuals filed new claims last week

First-time unemployment filings came in lower in the latest weekly data, continuing a recent downward trend in jobless claims as Omicron-related pressures on the labor market begin to abate. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Feb. 5: 223,000 vs. 230,000 expected; prior week of 238,000 upwardly revised to… Source link

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