Major company to hike prices on 1 in 4 products
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Consumer products giant Procter & Gamble offered an annual earnings outlook that was below analysts’ projections and said it would raise prices on about a quarter of its products in the U.S. in part due to costs of President Donald Trump’s tariffs.
Spotify CEO Daniel Ek defended the company's measured approach to price increases, saying the strategy reflects a long-term focus on customer retention rather than short-term financial gain.
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Al Jazeera on MSNFour killed, hundreds arrested in Angola protests against fuel price hikeAt least four people were killed and hundreds were arrested during a protest against a fuel price hike in Angola’s capital, police said.
The price changes will impact multiple products in Hershey’s portfolio that are made with chocolate. Among the items expected to increase in price are Hershey Kisses, KitKat, Reese’s and York Peppermint Patties. Hershey’s says price increases typically take around 90 days to take effect.
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The company, known for Reese's Peanut Butter Cup as well as its signature milk chocolate and Hershey's Kisses, confirmed the change to various media outlets this week. Hershey said that persistently high cocoa prices had forced it to raise prices by a "lower double-digit" percentage.
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Peacock is launching a new cheaper option dubbed the "Select" tier. It will cost $7.99 per month or $79.99 annually, which is the same as its ad-supported plan was priced before the recent price hike. The streamer is just beginning to test the Select plan, but if it proves to be popular, it will be the cheapest way to subscribe to Peacock.
When Japanese ice pop maker Akagi Nyugyo raised its prices a meagre 10 yen in 2016, its sombre-faced management appeared in a one-minute commercial, bowing silently in apology as a melancholy folk song lamented the inevitability of price hikes.
Home prices in the 20 biggest metros in the U.S. continued to slow as the housing market weakened under the weight of high mortgage rates and increasing unaffordability.