Consumers Staples Select Sector SPDR Fund (XLP)

Kraft Heinz is selling its Italian infant food brands Plasmon, Nipiol, Dieterba, Aproten, and Biaglut to NewPrinces Group, including a 300-employee manufacturing plant in Latina, with the deal expected to close by year-end 2025.

As recession fears rise, investors are seeking defensive sectors to protect their portfolios. The article highlights Consumer Staples and Utilities as two sectors that tend to outperform during economic downturns.

British American Tobacco's stock has seen a 25% year-to-date price gain, but the company's core cigarette business is facing declining sales volumes. While the high dividend yield is attractive, the long-term outlook is uncertain as the company tries to offset the declines in its cigarette operations.

Economists have raised the probability of a U.S. recession within the next 12 months, citing a disappointing jobs report and market volatility. However, JPMorgan Chase CEO Jamie Dimon believes the U.S. economy has not entered a recession, though the odds of one are more likely than not. Investors are advised to consider defensive sectors like qua...

General Mills’ stock jumped Wednesday, after the consumer-foods company reported fiscal third-quarter profit that rose above expectations, as price increases and cost savings helped offset volume declines.