Despite the rising cost of inputs like high fructose corn syrup and aluminum, a 23-ounce can of AriZona iced tea remains 99 cents, which is the same as it was in 30 years ago when it first hit stores. Don Vultaggio, the company's founder and chairman, told the LA Times he's dedicated to keeping prices under $1: "Consumers don’t need another price increase from a guy like me."
“I hope those things all disappear and go away; we have a soft landing and the war is resolved, okay. I just wouldn’t bet on all of that.”
Jamie Dimon, the CEO of JPMorgan Chase, has warned that storm clouds are on the horizon as powerful currents like as the Ukraine conflict, inflation, and the Federal Reserve's monetary tightening all collide. The bank's earnings fell 42% last quarter, and wrote down approximately $1.5 billion in assets connected to the Ukraine conflict and inflation.
How Jack Dorsey quit Twitter to become bitcoin’s spiritual leader. (Businessweek)