Yum Brands (YUM) reported strong earnings for Q2 2024, with a revenue increase of 10% compared to the previous year, driven by growth in its Taco Bell and KFC brands. Despite facing challenges from rising labor and commodity costs, the company remains optimistic about its performance and continues to focus on innovation and digital initiatives to drive future growth.
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Apple and other US tech groups hit as Trump targets suppliers
Shares in top US companies, such as Apple, Amazon, and Tesla, saw significant declines in after-hours trading due to Donald Trump's new tariff regime causing concerns about global supply chain disruptions. Technology companies, retailers, and consumer brands were among the hardest hit. The new tariffs are set to take effect on April 5 and April 9, with a universal 10% tariff on all countries and higher reciprocal tariffs on key geographies. Tech supply chains, particularly...
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