Kraft Heinz shares fall 4% on plummeting sales

Kraft Heinz shares fall 4% on plummeting sales

Kraft Heinz shares fell 4% on Wednesday after the company revealed its sales dropped in the most recent quarter as stiff prices crushed demand for its supermarket staples. The packaged food giant – which owns Kraft Mac & Cheese, Heinz Tomato Ketchup, Kool Aid and Jell-O – said third-quarter net sales dropped 2.8% to $6.38 … Read more

Starbucks (SBUX) Q4 2024 earnings

Starbucks (SBUX) Q4 2024 earnings

Starbucks logo is seen at cafe in Lisbon, Portugal on February 13, 2024. Jakub Porzycki | Nurphoto | Getty Images Starbucks is set to share more details about its fiscal fourth quarter after the bell on Wednesday. The coffee giant shared its preliminary quarterly results on Oct. 22, showing that its sales fell for the … Read more

Why sales of Eli Lilly’s Zepbound and Mounjaro fell short

Why sales of Eli Lilly’s Zepbound and Mounjaro fell short

Eli Lilly’s blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro posted weaker-than-expected sales for the third quarter, even as supply of both medicines have largely recovered from widespread shortages in the U.S.  The reason, according to the company, is not an issue of demand or supply.  Eli Lilly instead blamed disappointing sales on drug … Read more

Where is the growth in this Budget?

Where is the growth in this Budget?

Getty Images Chancellor Rachel Reeves repeatedly called this a “Budget for growth”. Is it? Over the next two years, yes. But the UK’s official independent forecaster’s verdict is that all the measures in the Budget do not boost the economy in the next three to five years. The National Insurance rise for employers rise weighs … Read more

New Jersey Star-Ledger will end print edition in 2025

New Jersey Star-Ledger will end print edition in 2025

New Jersey’s biggest newspaper, the Star-Ledger, said Wednesday that it will stop publishing its print edition in February amid rising costs and slumping demand for print. The 85-year-old publication’s owner Advance Local said it is also closing the Montville, NJ production facility and ending the print publication of dallies The Times of Trenton and the … Read more