PepsiCo recently reported their quarterly earnings, surpassing analysts’ expectations despite facing challenges in the U.S. market. The company’s revenue of $18.25 billion exceeded the expected $18.07 billion, and earnings per share were $1.61 adjusted compared to the anticipated $1.52. This positive performance demonstrates PepsiCo’s resilience in the face of adversity. One of the major issues
UnitedHealth (UNH) experienced a significant 16% increase following an impressive earnings beat despite the cyberattack on its subsidiary, Change Healthcare. However, as broader market indicators begin to show signs of weakness, cracks are starting to appear in UNH’s once-strong rally. The stock is now showing signs of losing steam, prompting a closer look at its
Rockefeller Asset Management recently announced the addition of three new portfolio managers to enhance its municipal investment strategies. This move is aimed at expanding the firm’s fixed income division and tapping into new opportunities within the high-yield municipal market. Scott Cottier, Mark DeMitry, and Michael Camarella have joined Rockefeller from Invesco, where they previously managed
The U.S. Federal Trade Commission made a bold move on Monday by filing a lawsuit to block the $8.5 billion acquisition of Capri Holdings by Tapestry, the parent company of Coach and Kate Spade. This acquisition would bring together six major fashion brands, including Coach, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo, and Michael Kors.
Wyoming has recently earned a positive outlook from S&P Global Ratings due to its healthy reserves and plans to increase permanent funds in order to mitigate revenue fluctuations. This positive outlook has resulted in the affirmation of the state’s AA issuer credit rating, with a one-in-three chance of being upgraded over the next two years.
Goldman Sachs analyst Eric Sheridan recently named Amazon as the top e-commerce pick, emphasizing strong trends in the sector for the first quarter. Despite the overall cautious sentiment on tech companies in 2024, Sheridan remains optimistic about Amazon’s performance. He maintained his buy rating and a $220 price target on Amazon, predicting a potential 26%
Floodplain buyouts have become a common strategy employed by the government to assist homeowners in areas prone to flooding. The Federal Emergency Management Agency (FEMA) has facilitated the purchase of thousands of damaged homes, aiming to mitigate the risks associated with living in flood-prone areas. The process involves acquiring homes, demolishing them, and converting the
Bitcoin price rose slightly on Monday, steadying from recent losses as the halving event, which took place over the weekend, was largely overshadowed by the launch of a new token minting protocol on the world’s biggest blockchain. Bitcoin rose 1.4% over the past 24 hours to $65,917.5 by 01:19 ET (05:19 GMT). While easing fears
After experiencing a week of extreme market volatility, the dollar managed to maintain its position against the euro and the yen as investors closely monitored policy and geopolitical developments. The upcoming policy review by the Bank of Japan (BoJ) on Friday has put the focus squarely on the yen, which was trading at 154.69 per
The recent movements in Asian currencies have been largely influenced by concerns over higher interest rates, particularly in the United States. Despite easing fears of a conflict in the Middle East, regional currencies have struggled to recover from steep losses incurred over the past week. The dollar’s dominance in the market has kept traders biased