Major company to hike prices on 1 in 4 products
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Consumer products giant Procter & Gamble offered an annual earnings outlook that was below analysts’ projections and said it would raise prices on about a quarter of its products in the U.S. in part due to costs of President Donald Trump’s tariffs.
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Al Jazeera on MSNFour killed, hundreds arrested in Angola protests against fuel price hikeAt least four people were killed and hundreds were arrested during a protest against a fuel price hike in Angola’s capital, police said.
Spotify CEO Daniel Ek defended the company's measured approach to price increases, saying the strategy reflects a long-term focus on customer retention rather than short-term financial gain.
The EU 15% tariff will raise prices on European consumer brands from luxury, autos, food and beauty. This could reduce demand and make US-based brands more competitive.
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The company, known for Reese's Peanut Butter Cup as well as its signature milk chocolate and Hershey's Kisses, confirmed the change to various media outlets this week. Hershey said that persistently high cocoa prices had forced it to raise prices by a "lower double-digit" percentage.
The price changes will impact multiple products in Hershey’s portfolio that are made with chocolate. Among the items expected to increase in price are Hershey Kisses, KitKat, Reese’s and York Peppermint Patties. Hershey’s says price increases typically take around 90 days to take effect.
By Makiko Yamazaki and Takahiko Wada TOKYO (Reuters) -When Japanese ice pop maker Akagi Nyugyo raised its prices a meagre 10 yen in 2016, its sombre-faced management appeared in a one-minute commercial,
Home prices in the 20 biggest metros in the U.S. continued to slow as the housing market weakened under the weight of high mortgage rates and increasing unaffordability.