PepsiCo recently reported mixed quarterly results as a result of declining demand in North America for its drinks and snacks. The company also narrowed its revenue outlook for the full year, indicating a more cautious approach towards growth. While the company initially expected organic revenue growth of at least 4%, it has now adjusted this
On Thursday, the S & P 500 and Nasdaq saw a dip from their recent record highs following a lower-than-expected inflation report. The consumer price index (CPI) for June showed a decline, raising the possibility of the Federal Reserve cutting interest rates sooner rather than later. This led to a shift in investor sentiment, with
Delta Air Lines recently announced its forecast for record revenue in the third quarter due to the booming summer travel demand, which is a positive sign of recovery for the airline industry. However, the company’s projection has fallen short of analysts’ estimates, indicating a potential challenge in meeting market expectations. While Delta expects sales to
In a recent exclusive interview with CNBC, Commissioner Roger Goodell revealed the National Football League’s consideration of allowing minority private equity ownership for its 32 teams, up to a maximum of 10%. This proposed change comes as the NFL aims to evolve its policies to align with the changing landscape of sports. Private equity firms
The issue of housing inflation in the United States has been a lingering concern for economists, especially as it has not decreased as quickly as other forms of inflation in the economy. The fact that housing accounts for a significant portion of the Consumer Price Index (CPI), at 36%, makes it a critical factor in
As the Summer Olympics in Paris draw near, sportsbooks and daily fantasy operators are gearing up for a potential surge in activity. With legal gambling now well-established in the U.S., industry experts are anticipating a significant increase in wagering compared to previous Olympic Games, particularly in sports like basketball, soccer, and tennis. This article will
Inflation, which is an important economic indicator in measuring the rate at which prices are changing across the economy, has decreased in June 2024. The Consumer Price Index (CPI) rose by 3% in June compared to a year ago, showing a decline from May’s rate of 3.3%. This decrease in inflation has provided some relief
The U.S. Department of the Treasury and the IRS have marked a significant achievement in collecting over $1 billion in tax debts from high-income individuals over the past year. This accomplishment is part of an initiative to target those making over $1 million annually with recognized tax debts exceeding $250,000. Treasury Secretary Janet Yellen emphasized
China has been at the forefront of developing and testing robotaxis in recent years, with local governments in cities like Beijing and Guangzhou allowing domestic players to operate driverless taxi rides for the public. This trend has gained significant traction, leading to an increase in consumer adoption of robotaxis. Platforms like Douyin and Weibo have
As Wall Street gears up for a new wave of cryptocurrency exchange-traded funds, the focus has shifted to ethereum. The prospect of spot ether ETFs entering the market is imminent pending U.S. Securities and Exchange Commission approval. Bitwise Asset Management’s chief investment officer, Matthew Hougan, is poised to dive into this burgeoning market segment. He