Company Reports – Page 29

JPMorgan and Wells Fargo Earnings Show Toll of Inflation

JPMorgan and Wells Fargo reported that overall deposits dropped. At Wells Fargo, a core measure of profitability sank.

By Rob Copeland and Stacy Cowley

Company Reports Consumer Behavior Inflation (Economics) Pepsico Inc Prices (Fares, Fees and Rates) Restaurants Snack Foods Supermarkets and Grocery Stores

Have Potato Chips Reached Peak Price?

PepsiCo reports in its earnings that people are buying fewer salty snacks from its Frito-Lay brands. It’s not the only food company that is seeking to lure back consumers stung by high prices.

By Julie Creswell and Danielle Kaye

Automobiles Company Reports Coronavirus (2019-nCoV) Cyberattacks and Hackers Electric and Hybrid Vehicles General Motors Inflation (Economics) Interest Rates Prices (Fares, Fees and Rates) Toyota Motor Corp United States Economy

Auto Sales Grew Slightly in Second Quarter

High interest rates, economic uncertainty and a cyberattack appear to have dampened sales in the three months between April and June.

By Neal E. Boudette and Jack Ewing

Company Reports Consumer Behavior Drugstores Real Estate (Commercial) Shopping and Retail United States Walgreen Co

Walgreens Plans ‘Significant’ Store Closures, Citing Weak Consumer Spending

The pharmacy giant told investors that shaky consumer spending was affecting its retail operations. But some said the company’s strategy was also to blame.

By Danielle Kaye