US retail sales fell 0.8% in January, the biggest monthly drop in almost a year, reigniting concerns about inflation and triggering market selloffs.
The drop in retail sales raises concerns about the strength of the US economy and the impact of inflation, while the Middle East conflict is affecting sales for American fast-food companies in the region.
Retail sales have been strong in recent months, but concerns about inflation and the Middle East conflict are now affecting consumer spending and market performance.
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Christopher John Kempczinski is an American business executive, and the president and chief executive officer of McDonald's Corporation.
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The Middle East is a transcontinental region that generally includes Western Asia, all of Egypt, Iran, and Turkey. Soviet Central Asia, Afghanistan, and Pakistan are generally excluded.
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Israel, formally known as the State of Israel, is a country in Western Asia, located on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea.
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Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington.
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The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
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Hein Schumacher is a Dutch businessman, and the CEO-designate of Unilever.Schumacher began his career at Unilever.He has been CEO of the Dutch dairy co-operative FrieslandCampina since 2018. Before that, he worked at Heinz and was based in China for four.
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Taco Bell is an American chain of fast food restaurants based out of Irvine, California, founded in 1962 by Glen Bell. Taco Bell is a subsidiary of Yum! Brands, Inc.
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Unilever is a British-Dutch multinational consumer goods company, headquartered in London, United Kingdom and Rotterdam, The Netherlands.
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Facebook is an American online social media and social networking service based in Menlo Park, California and a flagship service of the namesake company Facebook, Inc.