Inflation’
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Business
Inflation Pressures Force PepsiCo to Revise Fiscal 2024 Sales Expectations
PepsiCo revised its sales growth forecast downward on Tuesday, citing a shift in consumer spending habits in North America as shoppers increasingly gravitate toward cheaper private-label brands over its savory snacks and sodas. The packaged food giant now anticipates a low single-digit increase in organic sales for fiscal 2024, a notable decrease from its previous estimate of a 4% rise.…
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USA
US: Kamala Harris Promises Federal Ban on Grocery Price Hikes in Major Policy Speech
In her first major policy address as the Democratic presidential nominee, Kamala Harris vowed to lower costs and enhance economic security for Americans. Following President Joe Biden’s exit from the race, Harris outlined a comprehensive economic plan aimed at boosting the middle class and addressing food price inflation. Her proposals include a federal ban on grocery price hikes, $25,000 support…
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Money
Earn More on Idle Cash: Invest in Liquid and Overnight Funds
Most of us keep money sitting idle in our savings bank accounts, enjoying the convenience of easy access for paying utility bills, credit card bills, and other expenses via debit card or cheque. However, this practice comes with a hidden cost. Savings accounts typically offer interest rates of 3.50-4%, which often fail to keep up with inflation. Consequently, while these…
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Finance
Guarding Your Finances: The Impact of Inflation on Retirement Planning
Inflation, the silent eroder of purchasing power, poses a formidable challenge for those navigating the realm of retirement planning. Neglecting to account for the relentless rise in prices over time can lead to a significant underestimation of future expenses, jeopardizing the financial security of retirees. This article delves into the intricate dynamics of inflation and emphasizes the importance of adjusting…
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Money
Beyond Gold: Why Silver ETFs are the Smart Investor’s Choice
For investors seeking to diversify their portfolios and add a hedge against inflation, silver has historically been a compelling option. However, directly investing in physical silver can be inconvenient and costly, requiring secure storage and incurring additional fees. This is where silver exchange-traded funds (ETFs) come in, offering a convenient and accessible way to gain exposure to the silver market…
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Money
Navigating the Golden Years: Best Retirement Income Strategies for a Secure Future
Retirement should be a time to reap the rewards of your hard work and dedication. It’s a time to pursue passions, travel the world, and enjoy a life free from financial worries. However, securing a comfortable retirement income requires careful planning and smart strategies. With rising inflation, changing economic landscapes, and an ever-increasing life expectancy, it’s more important than ever…
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Money
Demystifying Money Laundering: Understanding the Illegal Process of Cleaning Dirty Money
Money laundering, a term often associated with crime and corruption, can seem complex and shrouded in mystery. This article aims to demystify this process by providing a clear and comprehensive understanding of what money laundering is, how it works, why it’s illegal, and its impact on society. What is Money Laundering? In simple terms, money laundering is the process of…
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