From FedEx to airlines, companies are starting to lose their pricing power
Publishing timestamp: 2023-12-29 12:02:05
Summary
The article discusses how some companies are experiencing limits to their pricing power due to factors such as slipping demand, more price-sensitive consumers, easing inflation, and better supply. As a result, companies are looking for ways to grow profits without raising prices, often through cost-cutting measures. While some industries are facing challenges, others are still seeing strong sales. The article also mentions that analysts are optimistic about earnings growth in the coming year, despite potential economic slowdown.
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Keywords: inflation, business news, travel, aerospace and defense industry, fedex corp, economy, united states, toyota motor corp, general mills inc, markets, transportation, mastercard inc, s&p 500 index, hasbro inc, factset research systems inc, business, spirit airlines inc, breaking news: business, breaking news: economy, detroit, life, retail industry, new york, airlines, target corp, starbucks corp, breaking news: markets, nike inc, economic events, southwest airlines co,
Source: https://www.cnbc.com/2023/12/29/companies-are-losing-their-pricing-power.html