PepsiCo’s recent quarterly results have highlighted some challenging trends in the North American market. The company reported mixed results, with declining demand for its drinks and snacks in the region. This has led to PepsiCo narrowing its revenue outlook for the full year, indicating a more cautious approach in the face of changing consumer behavior.
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Housing inflation in the US economy has proven to be a stubborn issue, persisting at high levels even as other areas of inflation have cooled significantly post-pandemic. The slow decline in housing inflation has been identified as a major factor hindering the consumer price index from reaching policymakers’ target levels. According to Joe Seydl, a
The CNBC Investing Club with Jim Cramer recently held a “Morning Meeting” livestream where a number of key moments were discussed. Thursday saw the S & P 500 and Nasdaq pull back from record highs after a lower-than-expected inflation report. This led investors to shift their focus from Big Tech stocks to smaller-cap names. The
With the upcoming Summer Olympics in Paris, sportsbooks and daily fantasy operators are gearing up for a potential surge in betting activity. This year’s games mark the first time legal gambling has been widespread in the U.S. during the Olympics, setting the stage for increased wagering compared to previous editions. The gaming industry is optimistic
Delta Air Lines recently released its third-quarter revenue forecast, predicting record revenue due to a surge in summer travel demand. However, the airline’s projections fell short of analysts’ expectations, with sales expected to rise by only 4%, below the 5.8% growth estimated by analysts. The forecasted adjusted earnings per share of $1.70 to $2 also
The U.S. Department of the Treasury and the IRS have recently achieved a significant milestone by collecting over $1 billion in tax debt from high-income individuals. This accomplishment comes after the IRS announced plans to expand its scrutiny of those making over $1 million annually with more than $250,000 in recognized tax debt. Treasury Secretary
China’s push towards developing robotaxis is garnering attention from consumers, with companies like Baidu’s Apollo Go making strides in the industry. While major Chinese cities are supporting this innovative technology, taxi drivers are growing increasingly worried about losing their jobs due to the rise in competition. The introduction of fully autonomous driving taxi experiences in
The Federal Trade Commission is gearing up to file lawsuits against three major U.S. health companies for their involvement as intermediaries in negotiating prices for essential medications like insulin. According to a source familiar with the matter, the FTC’s contention is that these companies’ practices contribute to inflated costs for patients. The three pharmacy benefit
Costco, the membership-based warehouse club, announced a membership fee increase of $5 in the U.S. and Canada starting on September 1st. This means that annual memberships will now cost $65, up from $60. Additionally, the higher-tier plan, known as “Executive Membership,” will see an increase to $130 per year from $120. This fee hike will
Wall Street is abuzz with anticipation as a new wave of cryptocurrency exchange-traded funds is set to hit the market, this time focused on ethereum. The spotlight is on spot ether ETFs, which could be launched as early as this week pending approval from the U.S. Securities and Exchange Commission. Bitwise Asset Management’s chief investment