Food Financial News

Tuesday’s much-anticipated U.S. January CPI report was not what the bulls wanted to see.

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Investing.com — Kraft Heinz Co (NASDAQ:KHC) has posted fourth-quarter net sales that missed expectations, as the packaged food group faced headwinds from recent price hikes that have dented demand.

(Reuters) -Uber Technologies said on Wednesday it would buy back up to $7 billion worth of company shares for the first time ever following a strong recovery in ride-share and healthy demand at its food delivery business.

In the last few weeks, we saw the drawn-out correction in Bitcoin and its main rival, Ethereum, come to an end.

Deflation in the core wholesale index and a decline in food prices pushed wholesale inflation to a three-month low of 0.27% in January compared with 0.73% in the previous month, according to data released Wednesday. “Contrary to expectations, the WPI inflation eased to 0.3% in year-on-year terms in January 2024 from 0.7% in December 2023. This was largely led by the WPI-food and core (manufactured non-food products) items, with the latter remaining in the deflationary zone for the eleventh straight month,” said Aditi Nayar, chief economist, Icra. Sequentially, the wholesale price index was down 0.3%, with the food index declining 1% and manufactured products continuing its deflation for a second consecutive month. Prices of manufactured products in January were down 1% sequentially as well.

Tens of thousands of Indian farmers are marching toward the capital to demand guaranteed crop prices, renewing a movement from two years ago that succeeded in getting the government to repeal contentious new agricultural laws

Valentine's Day, today, 14 February 2024, let's understand the importance of a joint savings bank account. Are you looking to open a joint savings account with your spouse? All banks that offer savings accounts, allow you to open a joint account. According to the Reserve Bank of India (RBI), there is no restriction on the number of account holders who can jointly share one account.

₹10,000 a month for every farmer aged above 60, the limit on rural job-guarantee work-days to be doubled to 200, its daily wage upped to ₹700, and the dropping of all cases against last time’s protestors. They have other asks as well, but the main one is for a law to back a minimum support price (MSP) for all commodities as a government assurance. This list, though, is not the only reason the agitators could be mistaken for employee unions asking for a better deal.

Korean instant noodles and when neighbourhood kirana stores stock Korean packaged food, it reflects the winds of change blowing through culinary preferences of young, affluent Indians. From savouring fiery Buldak noodles to munching shrimp flavoured Nongshim chips, watching K-dramas, listening to K-pop, and using K-beauty products, the K-wave is captivating a growing number of teenagers in India. «What young affluent India is adapting to and influenced by, is a direct downstream impact of the culture they are engaging with and the screens they are watching. From K-serials and K-pop, preferences have evolved to K-food, which has overtaken previous favourites like Japanese sushi,» Sandeep Goyal, chairman of ad agency Rediffusion. He said the surge in mainstream companies launching Korean packaged foods is a direct consequence of the increasing popularity of the number of restaurants serving Korean cuisine not only in metros but even smaller cities.

Pacer ETFs Distributors President Sean O'Hara on earnings season, the Federal Reserve's handling of rate cuts as well as the upcoming CPI and PPI reports.

Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control.

A Costco executive says the retailer is open to supporting Canada’s long-planned grocery code of conduct, but it does not have enough details to make a decision yet.

Chopping boards make cutting veggies anywhere convenient because they provide a stable and clean surface for food preparation. Whether it's in the kitchen, at a picnic, or even on a camping trip, a chopping board allows us to chop, slice, and dice vegetables without worrying about damaging the surface underneath or making a mess. Its portability and versatility make it an essential tool for anyone who loves to cook on the go.

Q: How much water does the average person really need to drink? And is there such a thing as too much? A: If you're not sipping from a 64-ounce Stanley cup all day, are you even alive? Hydration is once again having a moment — TikTok videos with the #watertok hashtag now have more than 1 billion views.

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

US consumer prices jumped at the start of the year, tempering hopes for a continued drop in inflation and likely delaying any Federal Reserve interest-rate cuts.

Pacer ETFs Distributors President Sean O'Hara on earnings season, the Federal Reserve's handling of rate cuts as well as the upcoming CPI and PPI reports.

Info Edge cofounder Sanjeev Bikhchandani on Tuesday said he is doubtful about how receptive the public markets will be of loss-making companies unless there is a clear visibility on profits in the next year or two. “I am not sure people will be willing to give valuations that these companies often expect. But I could be wrong,” Bikhchandani told analysts on a conference call for Info Edge’s announcement of its third-quarter financials.

The latest inflation numbers show that the US inflation rate is above forecasts. The annual inflation rate in the US fell back to 3.1% in January 2024 following a brief increase to 3.4% in December but came higher than forecasts of 2.9%. Compared to the previous month, the CPI edged up 0.3%, the most in four months, and above forecasts of 0.2%. Also, annual core inflation held steady at 3.9%, compared to expectations it would slow to 3.7%. The monthly rate edged up to 0.4%.

Assam government has announced that 'Kaji Nemu' (citrus lemon) has been recognized as the state fruit of Assam. Assam Chief Minister Himanta Biswa Sarma stated, «Our government has decided to declare Kaji Nemu (Citrus Limon) as the State Fruit of Assam. With its unique aroma and antioxidant properties, Assam lemon has enriched our local cuisines. With today’s announcement, it is set to shine on the global fruit map, boosting self-dependency and production.»