Premium products take priority as companies struggle with cost of living

“As we’re making more premium drinks, it’s getting harder for customers to replicate at home and we think that helps with the concept of lower commerce,” Starbucks chief financial officer Rachel Ruggeri told CNBC’s “Squawk Box” August 3. Gary Hirschhorn / Contributor / Getty Images Custom coffee, “high-end” skincare and “high” sauces and secrets are … Read more

Play Powell-itics as inflation target in perit

Fed officials don’t speak too much: The central bank and its chief, Jerome Powell, believe the 2% inflation target is sacrosanct and would risk a recession and a bear market to get there. So why are the markets going up so hard – as if Powell is about to cut rates soon, not raise them? … Read more