Global package handler UPS posted revenue 5.3 percent lower in this year’s first quarter than the same period a year earlier.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Apr 30 2024
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PEPSICO REPORTS HIGHER PROFITS ON LOWER SALES VOLUME
PepsiCo reported first-quarter sales revenue 2.3 percent above those a year earlier to $18.25 billion, beating analysts’ forecasts, even though sales volume dropped 2 percent during the period.
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HOSPITAL PRICES AND PATIENTS PAY MORE AFTER MERGERS
After hospitals merge, their prices for patient care rise and patients indirectly are handed a large share of the higher bill, according to a study published 24 April by the American Economic Review.
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WHITE-COLLAR HIRING HAS STALLED
The rate of hiring in accounting, finance, law, media, professional services, and technology is only about a third of that for the labor market as a whole, Bloomberg reported.
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INFLATION HOLDS, GROWTH SLOWS IN FIRST QUARTER
The U.S. economy grew by 1.6 percent in this year’s first quarter, adjusted for inflation, the commerce department reported.
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ECONOMIC UPDATE – MARKET OVERVIEW
From housing to healthcare, from junk food to soda, across the spectrum inflation is eating away at consumers’ disposable income, and they are feeling the pinch.
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AMERICAN DREAM DYING. PLANTATION WORKERS OF SLAVELANDIA TOO POOR TO BUY A HOUSE
The median selling price of a U.S. single-family home has reached $393,500, according to the National Association of Realtors. The U.S. Census Bureau pegs the price at $430,000.