At Walmart, grocery shoppers are cutting back. AT&T customers are paying their bills later than usual. Best Buy has seen a dramatic slowdown in demand for electronics. , albeit at a slower pace, there are troubling signs for the US economy in second quarter earnings commentary. Walmart sounded the alarm on Monday about its consumers no longer being able to afford anything other than.
on a call with analysts that"peak cost inflation" for the company will not come till later this year, signaling that consumers will continue to be faced with elevated pricing. "As high inflation has continued and consumer sentiment has deteriorated, customer demand within the consumer electronics industry has softened even further, leading to Q2 financial results below the expectations we shared in May,"Even companies like McDonald's and Costco — two places consumers can typically count on for low prices — have started to hike prices. Recently, a large number of McDonald's franchisees nixed $1 drinks.
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