Companies Tone Down Price Hike Talk as Tariff Fog Clears
Fewer global companies signaled price hikes in the third quarter, pointing to a change in tack as U.S. trade deals facilitate clearer financial planning and firms seek to limit risks of losing sales, according to company statements and earnings calls reviewed by Reuters. Results from Walmart capped the unofficial final week of quarterly earnings lined with other familiar U.S. retail names, including Target, Home Depot and Lowe's.
They revealed different strategies to tackle a spending slowdown by cash-strapped consumers, including discounts heading into the holidays, after the longest-ever U.S. government...
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