PepsiCo revenue disappoints as inflation-battered customers cut back
PepsiCo Inc.’s second-quarter profit soared but sales fell short of Wall Street expectations as cash-strapped customers cut spending on snacks amid rising inflation. The junk-food conglomerate, which owns brands including Pepsi, Frito-Lay, Quaker and Gatorade, also lowered its forecast for fiscal 2024, predicting organic revenue growth of 4%. While that figure technically meets PepsiCo’s original […]
Target will no longer accept personal checks from customers starting on July 15.
Target has announced plans to stop accepting the traditional payment method starting next week. Target will stop accepting personal checks from customers after July 15th. To justify the decision, the major national retailer cited the fact that shoppers rarely use traditional payment methods. “Due to extremely low transaction volume, we will no longer accept personal […]
Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice – The Daily Hodl
The Department of Justice announced that a former bank manager has admitted to stealing more than $250,000 from customers to fund his own extravagant spending habits. Department of Justice To tell Eric Jason Showest, 53, of Plaquemines, Louisiana, pleaded guilty to embezzlement and bank fraud. According to prosecutors, Showest admitted to using his authority as […]
Wells Fargo Claims Customers Are Liable for Unauthorized Transfers, Say Victims of Bank Fraud, As New Class-Action Lawsuit Filed in Federal Court – The Daily Hodl
Wells Fargo is facing a new class action lawsuit that alleges it violated the law by holding customers liable for fraudulent transfers. of suitThe lawsuit, filed in Pennsylvania federal court by Jennifer Rice and Eric Westervelt, alleges that Wells Fargo routinely violates the Electronic Funds Transfer Act by failing to compensate victims for their losses. […]
JPMorgan warns customers they may have to pay for checking accounts
A top executive at JPMorgan Chase has warned the bank’s 86 million customers that they may soon be charged fees on their currently free checking accounts. Reportedly. Marianne Lake, CEO of JPMorgan Chase’s consumer and community banking division, blames the increased burden on Washington regulators, who are trying to impose an $8 cap on late […]
Major Utility Provider Cuts Thousands Of Customers’ Power To Prevent Wildfires From Breaking Out
A major utility provider cut power in certain areas of California on Tuesday morning to address wildfire risks. Pacific Gas and Electric (PG&E) warned Monday that it may shut off power in parts of Northern California and the San Francisco Bay area on Tuesday if weather conditions warrant. The utility company announced Tuesday morning that […]
Missouri waitress claims group of customers pulled her into the Lake of the Ozarks after she tried to make them pay bill
A Missouri waitress was allegedly dragged off a pier and into a lake after chasing a group of misbehaving customers who were trying to flee a restaurant. Lianna Bartels was working the late-night shift at Fish & Co. restaurant on Lake of the Ozarks in Camdenton, Missouri, on Friday when a group of seven people […]
Ex-law enforcement group opposes NY distilleries from directly shipping to customers: ‘Recipe for disaster’
A group of former police officers is urging Gov. Kathy Hockle to veto a bill that would allow New York craft distilleries and cider breweries to ship directly to customers, arguing it would lead to more underage drinking. Since 2005, New York wineries have had the right to ship wine directly to your home. “Direct-to-consumer […]
Sonic Drive-In enters fast-food value meal wars with $1.99 menu to lure in inflation-rocked customers
Sonic Drive-Ins said Monday it is launching a value menu, joining rivals McDonald’s, Burger King and Taco Bell in an industry-wide effort to lure back customers hit by inflation. The 71-year-old burger chain, owned by Inspire Brands, which also operates Arby’s, Baskin-Robbins, Buffalo Wild Wings and Dunkin’ Donuts, will offer a permanent menu of burgers, […]
Companies Are Bamboozling Investors and Customers with ‘AI Washing’
As artificial intelligence continues to be a hot topic, some companies have been accused of “AI washing” by exaggerating the capabilities of their AI technology. BBC News Reports In recent years, the phenomenon of “AI washing” has come into the spotlight as more companies claim to use AI in their products and services. A play […]