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The past few months of robust grocery store sales would suggest that shoppers aren’t stretched for cash. But that’s not the full story. Food manufacturers like Kellogg (K), PepsiCo (PEP) and Nestlé all reported sales growth in the first quarter of the year. But even though sales are up, people…

The venture capital giant Sequoia Capital is splitting its China business into a separate entity amid rising tensions between Washington and Beijing.The renowned Silicon Valley firm, which made bets on fast-growing tech companies such as TikTok parent ByteDance and Alibaba, said on Tuesday it will run its Chinese business as…

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