The consumer goods giant raised prices 10 percent last quarter, but a decline in sales volume led to drops in revenue and profit.
Category: United States Economy
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Procter & Gamble Sales Fall for First Time in Years as Inflation Squeezes Shoppers
The New York Times – Business: -
America Set to Hit Its Borrowing Limit Today, Raising Economic Fears
The New York Times – Business:The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan warfare.
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Retail Sales Fell in December as Holiday Shoppers Held Back
The New York Times – Business:Weaker-than-expected results, including at popular holiday shopping destinations like electronics outlets and department stores, showed how concerns about inflation are affecting consumers.
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How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?
The New York Times – Business:The United States has a cap on the amount of money it can borrow. That means it can run out of cash if the limit isn’t lifted.
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As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans
The New York Times – Business:A default would most likely rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
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Goldman Sachs Earnings Fall Short of Expectations, Causing Alarm
The New York Times – Business:The Wall Street giant reported that its profit fell by nearly 70 percent in its latest quarter, lagging results at its rival Morgan Stanley.
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The Week in Business: More Air Travel Chaos
The New York Times – Business:Consumer prices continue to cool down. Goldman Sachs began one of its largest rounds of layoffs since the 2008 financial crisis. And Elon Musk is to go to trial over a 2018 tweet about Tesla.
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After a Burst of New Businesses, a Cooling Economy Intrudes
The New York Times – Business:The pandemic has brought a boom in entrepreneurship, but higher interest rates, a chill in venture capital and fears of recession now pose obstacles.
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Investors Are Walking a Tightrope as Stocks Head for a Second Weekly Gain
The New York Times – Business:Signs of slowing inflation are competing with downbeat company forecasts as earnings season begins.
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U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress
The New York Times – Business:The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
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U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress
The New York Times – Business:The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
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Inflation Is Slowing, Good News for American Consumers and the Fed
The New York Times – Business:Consumer Price Index inflation moderated to 6.5 percent in December, helping Fed officials to lean toward slower rate moves.