- __[#ad](https://snacks.robinhood.com/newsletters/4cP1wAWKETQMe6BHcsj3mv/articles/1OeheJX1Er2P0In8mmqiVJ/):__ __Uber__ and __Lyft__ are seeing their ad businesses boom (think: an in-app Expedia ad en route to JFK). As companies like Uber, __CVS__, and __Kroger__ capitalize on customer data to sell targeted ads, __Google__ and __Meta__ are losing market share. 
- __[Hasno](https://snacks.robinhood.com/newsletters/4cP1wAWKETQMe6BHcsj3mv/articles/2Q2pDc6EBD3ByUBt6K1UzX/):__ __Hasbro__, the toy titan behind Monopoly, Jenga, and Dungeons & Dragons, reported bummer earnings as holiday toy sales slumped. But fantasy card game “Magic: The Gathering” became its first billion-dollar brand. 
- __[Shaky](https://snacks.robinhood.com/newsletters/3Zy7nWCeAzQOjEeKFD5zwW/articles/3D0jPFFxP4T08iMopuzNVf/):__ New York regulators ordered the third-largest stablecoin to wind down, which could spell trouble for its brand partner, __Binance__ (aka: the world’s largest crypto exchange) as investors ditch the coin.

ICYMI

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__Done playing ketchup…__ Last week Kraft Heinz [said](https://www.wsj.com/articles/kraft-heinz-khc-q4-earnings-report-2022-fa266bb) it would pause its price hikes, noting that 90% of its planned increases were already in effect. The biz behind kitchen staples like Oscar Mayer wieners and Kraft Mac & Cheese grew its sales10% last quarter as it jacked prices by 15% last year. Price hikes have also helped big foodies like __Pepsi__, __McDonald's__, and __Coke__ rake in higher profits. But as inflation starts to cool, some grocery giants are pushing back for fear of losing customers:

- __Smallstart:__ __Walmart__, America’s largest grocer, is reportedly telling some suppliers price hikes are a nonstarter (and is promoting its cheaper private labels). Its earnings today could shed more light on its pricing plans. 
- __Bowl foods:__ __Amazon__-owned __Whole Foods__ said it lowered prices on cereal and bread, and that it'll focus on discounts this year. It *also* reportedly asked big suppliers to lower their prices. 

__Two price roads diverged…__ in a Jell-O wood. While Kraft, Pepsi, and Slim Jim maker __Conagra__ said they’d ease off on price increases, others are taking the hike road. __Nestlé__, the world’s largest food company, said last week that it's still on the hiking path. It raised prices 8% last year, but said that wasn't enough to offset surging costs. Meanwhile, __Unilever__ (picture: Hellman's mayo, Ben & Jerry's), said earlier this month that it'd keep upping prices this year. 

Crafty price moves (Kevork Djansezian/Getty Images)

Fork

__The little guy can win when giants fight…__ While inflation's slowing in the goods and services sector, food has been sticky. Last week's consumer-price report showed that food inflation actually *accelerated* from December to January. It’s early innings, but if grocers and food giants start battling for customers by lowering prices (or at least\ not hiking them) that could cool food inflation. Consumers want to see food prices *fall*, but they’re expected to jump another 7% this year.

Kraft Heinz puts the brakes on price hikes as grocers battle for inflation-weary shoppers

__Chinese tech on deck…__ __Alibaba__ (the Amazon of China) and __Baidu__ (the __Google__ of China) are set to report. Last year China’s economic growth sagged to one of its worst levels on record as its zero-Covid policy and lockdowns crushed production. After China reopened for business this year, its tech stocks have rallied in hopes of a rebound. While last year’s #s might not be stellar, earnings forecasts could be more upbeat (especially as regulatory crackdowns cool). Both Alibaba and Baidu are planning ChatGPT-style AI tools, which could also rev growth. 

__Bubbles & bench presses…__ __Keurig Dr Pepper__, the beverage icon behind K-Cups, Snapple, 7UP, and (of course) Dr Pepper reports Thursday, and analysts expect refreshing results. Last quarter, KDP's sales jumped 11% as people splurged on inflated bevvies. Rivals __Pepsi__ and __Coke__ untapped strong earnings this month. While the overall soda market has been flat, demand for Dr Pepper soda has spiked. And KDP might have another winner in its fridge: it recently took a 30% stake in energy-drink maker __Nutrabolt__, which expects record sales this year.

Events

Coming up this week

__Green juice…__ The White House [announced](https://snacks.robinhood.com/newsletters/uT55YYjHMaCpHlECAHSwL/articles/3MU8hqm7IDoDdzsy7wRvAf/) that __Tesla__ would open up at least 7.5K of its US charging stations to *non*-Tesla EVs by the end of next year. Right now, Tesla’s US charging network — the country’s second largest — is compatible only with Teslas. Tesla might lose its exclusivity edge, but it would qualify for a share of billions in federal funding for building a national network. The Biden admin wants 500K+ EV chargers on US roads by 2030, and it also secured commitments from __GM__, __Ford__, __ChargePoint__, and others with charging networks. 

__Ballooning tensions…__ After the US shot down a Chinese surveillance balloon, relations between the world’s two largest economies have worsened. Last week China sanctioned US defense contractors __Lockheed Martin__ and __Raytheon__ over weapons sales to Taiwan. Earlier, the US barred Chinese companies that it said were tied to the balloon incident. China is one of the US’s largest trade partners, but relations are at the worst level in decades and could get worse. President Biden plans to talk with China’s President Xi to “get to the bottom” of things.

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Kraft puts the brakes on price hikes as grocers battle for inflation-weary shoppers

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🥫 Kraft cuts it out

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