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PepsiCo Lowers Snack Prices Amidst Broader Economic Shifts
PepsiCo announced it is cutting prices on several of its snack brands, including Cheetos, Doritos, and Lays, by up to 15%, according to a statement released by the company on February 3, 2026. The move aims to provide "relief" to consumers facing financial strain, the company stated. The price reductions are scheduled to begin rolling out across the U.S. this week.
The decision comes after PepsiCo implemented a series of price hikes, leading to a pullback in consumer demand. In the fourth quarter, beverage prices in North America increased by 7%, while snack prices rose by 1%, according to CBS News. PepsiCo acknowledged that "rising everyday costs are making their daily decisions harder" for many consumers.
Meanwhile, the price of silver experienced significant volatility. After climbing to a record high of over $110 per ounce, the price plunged to around $88 per ounce as of February 3, 2026, CBS News reported. Despite the recent drop, silver prices remain up more than 190% compared to the start of 2025, when it was priced at $30 per ounce.
In other economic news, demand for metals like nickel and copper is rapidly increasing due to the growth of data centers, electric cars, and renewable energy projects, according to MIT Technology Review. However, producing these metals is becoming more challenging as miners have already exploited the best resources. Biotechnology is being explored as a potential solution to extract more metal from aging mines.
Beyond economic trends, Apple's iPad Mini is currently on sale for $100 off in every storage configuration at Amazon and Best Buy, The Verge reported on February 3, 2026. The base model with Wi-Fi and 128GB of storage is available for $399.
Euronews reported on February 3, 2026, that heavy snowfall in Japan has left 30 people dead and remote areas buried. The news outlet also covered a fire in a Tehran market that sent smoke plumes over the city.
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