P&G CFO Andre Schulten said the company will focus on pricing, productivity, and innovation in the near term to counter the impact of President Donald Trump’s recent tariffs.
U.S. equities are pushing higher for a third straight session, eyeing the longest winning streak since the Trump tariff announcement on April 2, as optimism over corporate earnings and easing trade tensions boosts risk sentiment.
The company now expects full-year earnings per share to decline by 3%, marking a reversal from its earlier forecast, which called for mid-single-digit growth.
The Q1 report will likely set the tone for the packaged consumer foods sector this season and give a peek into how they will reposition themselves against higher import duties.
Risk-on sentiment dominated Wall Street on Wednesday, as upbeat earnings reports and conciliatory messages from the Trump administration helped lift investor confidence.
Amazon has been present in India for over a decade, while Walmart entered the local e-commerce market in 2017 with its $16 billion purchase of Flipkart.
Stocks in the U.S. were trading sharply lower by midday Monday, while gold and Bitcoin (CRYPTO: BTC) surged in tandem, as a renewed political storm surrounding Federal Reserve independence shook confidence in the U.S.
For decades, the two soda giants have produced the concentrate for their beverages in Ireland because of the country's low corporate tax rate. Now, there's a 10% import duty.
Investors are drifting towards companies that sell essential goods like groceries and household supplies, betting they will hold up better than other sectors amid ongoing economic uncertainty.
Defensive sectors offer stability during market downturns because they produce essential goods and services that remain in demand regardless of economic conditions.
