People may not have dined out more last month. Rising prices drove much of the gains in sales, according to a trade group.
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The grocery chain signaled that its financial performance this year will be weaker than investors had expected.
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Food costs in the consumer price index climbed 0.4% in March from the previous month, an acceleration from February’s 0.2% increase.
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The Modelo beer importer anticipates earnings to weaken because of tariffs, and it sees sales slowing down the road.
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Shares of Apple and Tesla tumble as both get their price targets cut by a longtime Wall Street bull, General Motors is downgraded, and MicroStrategy follows Bitcoin lower.
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The U.S. has become increasingly reliant on agricultural imports over the past decades.
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Domino’s plans to start using the DoorDash app for delivery orders nationwide.
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