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PepsiCo says economic concerns weighed on customers in North American during recent quarter
Associated Press77d agoneutral
PepsiCo says economic concerns weighed on customers in North American during recent quarter

PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns. The food and beverage giant said Thursday that its net revenue rose 6.4% to $24.2 billion for the April-June period. In February, ahead of the Super Bowl, PepsiCo slashed U.S. prices on Lay’s, Doritos, Cheetos and Tostitos chips by up to 15%, responding to consumers’ increasing exasperation after years of price hikes.

PepsiCo earnings, mortgage rates, jobless claims: What to Watch
Yahoo Finance Video78d agoneutralVIDEO
PepsiCo earnings, mortgage rates, jobless claims: What to Watch

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Thursday, July 9, including PepsiCo (PEP) earnings, fresh housing data in the form of US existing home sales and mortgage rates, and the latest reading on initial jobless claims.

SK Hynix U.S. Listing, Fed Minutes: What to Watch This Week
The Wall Street Journal78d agoneutral
SK Hynix U.S. Listing, Fed Minutes: What to Watch This Week

Minutes from the Federal Reserve’s latest meeting will be released today. Investors will also be watching on Friday for the expected start of trading for SK Hynix’s U.S.-listed shares. The South Korean chip maker is the latest global company to surpass $1 trillion in market value.

Trump claims credit as Walmart drops prices on barbecue staples
Reuters Videos79d agobearishVIDEO
Trump claims credit as Walmart drops prices on barbecue staples

<body><p>STORY: Walmart said Monday it would cut prices on many summer barbecue favorites, including meat, chips and soda.</p><p>The move comes after U.S. President Donald Trump said the retailer was acting at his administration's request.</p><p>In a Truth Social post, he said Walmart would be lowering prices significantly, "to celebrate our great Country's 250th birthday."</p><p>Trump said the firm would, “be dropping the price for a pound of ground beef by almost 15%.”</p><p>Walmart said in a statement that the price of one pound of 73% ground beef roll would drop to $5.94 from $6.74 in its stores, a decline of about 12%.</p><p>The retailer also said it lowered prices on items including Coca-Cola and PepsiCo sodas and chips.</p><p>Prices for steaks and hamburger meat soared after a persistent drought burned pasture lands and hiked costs of cattle feed, forcing U.S. ranchers to slash their herds.</p><p>Now the price cuts mark a notable shift from last year, when Walmart warned that tariffs would push some prices higher, a move Trump had rebuked.</p><p>The president had previously encouraged low-tariff imports of Argentine beef to cool U.S. prices, which angered American ranchers.</p><p>He had also directed the Department of Justice to investigate whether U.S. meatpackers were colluding to raise prices.</p><p>Walmart is widely viewed by economists and investors as a gauge of U.S. consumer health because of its size and broad customer base.</p></body>

Wall Street braces for Fed signals as earnings season gets underway
Proactive80d agoneutral
Wall Street braces for Fed signals as earnings season gets underway

Wall Street enters the week with investors focused on the start of the second quarter earnings season, the Federal Reserve's latest meeting minutes and a handful of economic releases that could offer fresh insight into the outlook for interest rates, economic growth and the artificial...

Fed Minutes, Employment Data: What to Watch This Week
The Wall Street Journal80d agoneutral
Fed Minutes, Employment Data: What to Watch This Week

Investors are looking ahead to Wednesday—when minutes from the Federal Reserve’s latest meeting will be released—in hopes they might provide clues as to where interest rates are headed. They’ll also be watching for Thursday’s weekly jobs numbers and any changes to the fragile truce in the Middle East.

Tech Rotation, FOMC and Other Key Things to Watch this Week
Barchart81d agoneutral
Tech Rotation, FOMC and Other Key Things to Watch this Week

Markets enter a week marked by continued structural shift away from AI and technology stocks toward healthcare and defensive sectors, reflecting persistent investor skepticism about technology valuations and artificial intelligence infrastructure spending sustainability.

A Dividend Portfolio That Out-Earns the Average California Family
24/7 Wall St.81d agoneutral
A Dividend Portfolio That Out-Earns the Average California Family

California’s median household income landed at $100,600 in 2024, according to Census data compiled by the St. Louis Fed. That is the number a portfolio has to replace to hand a Golden State family the same paycheck without anyone clocking in. The wrinkle: California’s 2024 regional price parity was 110.7, meaning prices were about 10.7% ... A Dividend Portfolio That Out-Earns the Average California Family

The Safest Dividend Plays of 2026: 5 High-Yield, Low-PE Dividend Aristocrats
24/7 Wall St.85d agoneutral
The Safest Dividend Plays of 2026: 5 High-Yield, Low-PE Dividend Aristocrats

The S&P 500 is up about 10% this year, yet 80% of that gain comes from technology stocks, many of which are tied to artificial intelligence. With interest rates and energy prices spiraling higher, and inflation clearly not under control, those willing to put any new money to work in stocks should likely be extremely ... The Safest Dividend Plays of 2026: 5 High-Yield, Low-PE Dividend Aristocrats

Coca-Cola launches exclusive soda flavor at fast-food giant
TheStreet86d agoneutral
Coca-Cola launches exclusive soda flavor at fast-food giant

Coca-Cola (KO) has a secret weapon in the soda wars, and it’s not simply another bottle on the grocery-store shelf. A big part of that is its Freestyle machine, which gives customers something PepsiCo has never been really able to match at the same scale. Now Coca-Cola is using that advantage again ...

Discontinued Pepsi soda brand quietly returns to stores
TheStreet95d agoneutral
Discontinued Pepsi soda brand quietly returns to stores

When a manufacturer discontinues a product, it knows it's running the risk of alienating some customers. When Coca-Cola killed TaB, its first diet cola, the chain angered a dedicated fanbase that has protested the loss since. "Coca-Cola’s first diet cola. Discontinued in 2020 after 57 years, but ...

Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
Associated Press100d agoneutral
Struggling Pizza Hut restaurant chain will be sold for $2.7 billion

The struggling Pizza Hut restaurant chain will be sold for $2.7 billion by parent company Yum Brands. Yum Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 U.S. restaurants. Pizza Hut was founded in 1958 in Wichita, Kansas.