inflation

Hershey Sees Sales Bump From Demand for Affordable Treats and Stress Relief

Hershey Sees Sales Bump From Demand for Affordable Treats and Stress Relief
Hershey Sees Sales Bump From Demand for Affordable Treats and Stress Relief
November 04, 2022  |  Earnings

One might expect that sales of non-essentials like candy would suffer from consumers’ belt-tightening during times of high inflation, but confectionery giant Hershey said Friday...

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PayPal Claims Top Spot in BNPL as Q3 Volume Spikes 157%
PayPal Claims Top Spot in BNPL as Q3 Volume Spikes 157%
November 03, 2022  |  Platform Payments

PayPal’s users are still engaged, but spending is clearly slowing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Carvana Expects Used Car Industry to Remain Challenging in 2023
Carvana Expects Used Car Industry to Remain Challenging in 2023
November 03, 2022  |  eCommerce

Used car eCommerce platform Carvana said it expects the industry will face headwinds well into 2023, saying it plans continued cost-cutting measures to counter them....

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Stripe Blames ‘Overhiring’ for 14% Job Cuts
Stripe Blames ‘Overhiring’ for 14% Job Cuts
November 03, 2022  |  Personnel

Stripe will lay off 14% of its workforce, a move the payments company blamed on the “very consequential mistakes” of growing operating costs too quickly...

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Maersk Sees ‘Dark Clouds’ on World Shipping Horizon
Maersk Sees ‘Dark Clouds’ on World Shipping Horizon
November 02, 2022  |  Shipping

While reporting record revenue Wednesday (Nov. 2), global shipping giant Maersk nonetheless warned of “dark clouds” facing its industry. Get the Full Story Complete the...

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Chainalysis Says ‘Crypto Winter’ Hasn’t Discouraged Developing Nations
Chainalysis Says ‘Crypto Winter’ Hasn’t Discouraged Developing Nations
October 31, 2022  |  Cryptocurrency

China put in a mighty showing in blockchain data firm Chainalysis’ annual Global Crypto Adoption Index, landing a 10th place ranking despite the country’s total...

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Slumping Cedi, Runaway Inflation Worsen Cost-of-Living Crisis for Ghana’s Consumers, SMEs
Slumping Cedi, Runaway Inflation Worsen Cost-of-Living Crisis for Ghana’s Consumers, SMEs
October 31, 2022  |  Economy

The struggle against price inflation has been felt worldwide, but in Ghana, the problem has been made worse by an ongoing devaluation of the local...

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Walmart Offers Struggling SMBs a Home Inside Its Stores
Walmart Offers Struggling SMBs a Home Inside Its Stores
October 31, 2022  |  Retail

Walmart has teamed with pop-up shop marketplace platform Popable to let small- to medium-sized businesses (SMBs) rent spaces in its stores as smaller merchants struggle...

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Americans Still Have $1.7T in Savings as Recession Looms
Americans Still Have $1.7T in Savings as Recession Looms
October 31, 2022  |  Consumer Finance

Thanks in part to government intervention during the pandemic, Americans have banked about $1.7 trillion in savings, according to the Federal Reserve. Get the Full...

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