Companies from McDonald’s to 3M warn inflation is squeezing consumers

McDonald's employee giving change to a customer.Jeffrey Greenberg | UIG | Getty ImagesSome of America's best-known corporations are saying their consumers are being pinched by inflation as prices continue rising.Inflation has dominated corporate America's discourse over the past three years following the pandemic-induced easing of monetary policy and trillions...

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JPM, BLK, GL and more

Check out the companies making headlines in premarket trading. JPMorgan — The bank slipped 2.4% despite beating expectations on both lines and reporting lower credit costs than anticipated. However, the bank said net interest income, a key measure of what it makes through lending activities, could be somewhat short...

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Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady

A McDonald's crew member prepares french fries in Miami, Florida.Getty ImagesIt's a timeless question at fast-food counters: Do you want fries with that?Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending, even as inflation pinches pocketbooks and pandemic...

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