PepsiCo Inc. hiked its prices through the pandemic and the supply disruptions that followed, and now the beverage and snacks giant could have to reverse course with more discounts, TD Cowen analysts said Thursday in downgrading the company’s shares.
The number of Americans who applied for unemployment benefits in the week before the Thanksgiving holiday dipped to a seven-month low in a sign of strength for a steadily expanding U.S. economy.