- Alimentation Couche-Tard said elevated living costs and fuel prices are weighing on discretionary spending in some markets, with consumers becoming more deliberate about purchases.
- The company reported record fuel sales as oil prices soared amid the Middle East conflict, but its shares fell the most in more than five months as lower store traffic offset fuel demand.
- US stocks rose as oil prices and bond yields held relatively steady after two weak sessions driven by higher oil prices and a bond-market sell-off.
Quotes
“Elevated living costs and fuel prices continue to weigh on discretionary spending in certain markets”