Inflation-hit shoppers swallow P&G price hikes to boost company’s earnings
Procter & Gamble's price hikes boosted its profit in the latest quarter, the company reported Tuesday, showing that inflation-stricken consumers are not turning away from the company's more expensive household products. Aside from the price increases that primarily drove sales growth, shoppers also bought more products across P&G's beauty product line and health and family […]
Stock Market News, Jan. 16, 2024: Indexes Finish Lower as Investors Digest Bank Earnings – The Wall Street Journal
Benchmark U.S. Treasury yields rose, settling at a record high of 4.064% in the afternoon. See the day's market summary here. Stocks fell. All three indicators ended in the red. The Dow Jones Industrial Average fell 232 points. The tech-heavy Nasdaq Composite Index broke its six-session winning streak. In bank stocks, Morgan Stanley fell after […]