No Result
View All Result
Today Minutes
  • Home
  • Fashion
  • Celebrity
  • Culture
  • Lifestyle
  • Travel
  • Food
  • Home
  • Fashion
  • Celebrity
  • Culture
  • Lifestyle
  • Travel
  • Food
No Result
View All Result
Today Minutes
No Result
View All Result
Home business

Inflation Knocks Businesses off Balance as Recovery Slows

by todayminutes
October 8, 2021
0

Companies will soon start reporting their latest quarterly financial results and investors have been warned that inflation is going to sting.

Retailers, auto makers and a wide range of manufacturers have all warned investors that a supply chain crunch and higher raw materials costs are adding to expenses and hurting profits. A COVID-19 resurgence during the third quarter threw many industries off-balance just as they were regaining their footing from the pandemic slump.

Many companies were able to pass off higher costs to consumers during the first half of the year without much fuss as the economy roared back from the pandemic. But consumer spending, which is key to the economic recovery, slowed a bit over the summer as COVID-19 cases spiked. Still, demand stayed strong for many products, but companies simply didn’t have the supply and that stunted sales growth for many.

“We do think the consumer can absorb some of those higher prices, the challenge is what happens when a company doesn’t have the supply to sell,” said Jay Pestrichelli, CEO of investment firm ZEGA Financial.

Read more

todayminutes

todayminutes

Next Post
For some politicians, enough spending is never enough

For some politicians, enough spending is never enough

No Result
View All Result

Categories

  • AirLines (1)
  • business (250)
  • Celebrity (64)
  • climate (1)
  • Culture (40)
  • Economy (13)
  • Electric Vehicles (3)
  • Entertainment (323)
  • Fashion (49)
  • finance (24)
  • Food (36)
  • Health (45)
  • Lifestyle (23)
  • Music (84)
  • Politics (319)
  • Science (23)
  • Sports (356)
  • Technology (32)
  • Travel (62)
  • Uncategorized (9)
  • Weather (2)
  • World (83)

Recent.

Amazon, Rite Aid cap purchase of emergency contraceptives

R. Kelly sentenced to 30 years in prison following sex trafficking conviction

Most say nation on wrong track, including Dems

© 2021 Today Minutes All Rights Reserved

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
No Result
View All Result
  • Home
  • Fashion
  • Celebrity
  • Culture
  • Lifestyle
  • Travel
  • Food

© 2021 Today Minutes All Rights Reserved