PepsiCo Cuts Annual Profit Forecast Amid Trade War Turmoil
- PepsiCo PEP.O cut its annual core profit forecast on Thursday, as the soda and snacks giant grapples with the uncertainty fueled by President Donald Trump's erratic trade policy and disruptions to its supply chain.Shares of the Frito Lay maker fell 2% in premarket trading.The company now expects fiscal 2025 core earnings per share to decline 3%, compared with its previous forecast of a low-single-digit increase."As we look ahead, we expect more volatility and uncertainty, particularly related
UPDATE 2-Trump warns of economic slowdown unless Fed cuts rates, triggering selloffTrump says rates need to drop immediatelyFed is waiting on rate decisions to be sure tariffs don't drive inflation higherConference Board indicators point to slowing; stocks down, yields higherAdds details throughoutBy Howard Schneider and Ismail Shakil. It's not clear Trump has the authority to do so, and even if successful the Fed's governance structure would give the remaining board members and regional bank presidents say over interest rate decisions - potentially forcing the White House into a deeper assault on the Fed's seven-member Board of Governors.Trump's repeated threats to fire Powell come as he tries to goad the Fed into quickly cutting interest rates to mitigate a widely expected economic slowdown and possible harm to the labor market due to his tariff and other policies, while Fed policymakers urge caution on concerns inflation, which remains above their 2% target, could be pushed higher b
A $4.5 Trillion Triple-Witching Gives Investors Yet Another Test
US stocks’ rebound off of last week’s lows will face a new test on Friday, when a pile of options contracts are set to expire in a quarterly event that often stoked volatility in the past.The so-calle
PepsiCo (NASDAQ:PEP) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.94 by 1.03 percent. This is a 10.11 percent increase over earnings of $1.78 per share from the same
$MicroStrategy$ didn't acquire any Bitcoin in the week ended Feb. 2, the same week it priced its preferred stock offering, the company disclosed on Monday.As previously disclosed, the company priced its offering of 7.3M shares of 8% series A perpetual strike preferred stock for $80 per share, for total net proceeds of $563.4M on Jan. 30, it said. It plans to use the proceeds for general corporate purposes, including the acquisition of Bitcoin.As of Feb. 2, 2025, the company held a total of 471,1
ASML Is About to Report Results. DeepSeek Makes It All the More Interesting
Results from ASML, the Dutch microchip-equipment making giant, have moved Wall Street before.This photograph taken on March 27, 2024 in Veldhoven shows containers of Dutch tech giant ASML, which suppl
5 Singapore Industrial REITs with Dividend Yields of 6.1% and Above
With the industrial sector being the most resilient property sub-class, we dug out five Singapore REITs within this space that provide an attractive distribution yield.
Forget the "Magnificent 7". These "MAGA 7" Stocks Have Soared Since Trump's Election
These are the stocks that have reacted the most to Donald Trump's presidential election victory. The "Magnificent Seven" stocks have captured the attention of traders and dominated the market in recent years, as the price of their shares has soared and their market capitalizations have hit $1 trillion or more.As Donald Trump returns to the White House, some new stocks have become popular with traders and racked up significant gains since the presidential election.Think of them as the "MAGA Seven." These stocks, trading on U.S. exchanges, had market caps of $15 billion or higher on Nov. 5. Some of these companies are related - either directly or indirectly - to Trump or his administration's policies; others are riding a bull-market wave. Their share prices have seen the biggest percentage increases since Trump won the election."The outcome of the U.S. election and President-elect Trump's subsequent nomination of several pro-crypto advocates to cabinet positions catapulted bitcoin to re