PepsiCo recently reported mixed quarterly results which were adversely affected by decreasing demand for its products in North America. The company also adjusted its revenue outlook for the full year, now expecting organic revenue growth of approximately 4%, a more conservative estimate compared to its previous forecast of at least 4%. Despite this, PepsiCo reiterated
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The National Football League is contemplating the idea of permitting minority private equity ownership for its 32 teams, allowing for ownership stakes of up to 10% as stated by Commissioner Roger Goodell in an exclusive interview with CNBC. Goodell expressed the need for policies to adapt to the evolving nature of sports, emphasizing the league’s
Audi has recently announced a new partnership with Inter Miami CF, positioning itself as the official premium automotive partner of the South Florida soccer club. This move comes as part of Audi’s strategy to tap into the growing soccer fan base in the United States. As part of the multiyear partnership, Audi will provide a
In June, inflation rates saw a decrease as a result of lower gasoline prices and other factors that contributed to easing price pressures. The consumer price index, which is a key gauge of inflation, rose by 3% in June compared to the previous year, marking a decline from the 3.3% seen in May. This index
Pfizer has made significant strides in the development of a once-daily version of its weight loss pill, danuglipron, based on promising data from early-stage studies. The company’s decision to move forward with this formulation comes after evaluating various options to determine the most effective and safe profile for the drug. Pfizer plans to conduct additional
Housing inflation has proven to be a persistent factor contributing to the overall high levels of inflation in the United States economy. Despite a cooling trend in inflation rates across various sectors following the peak levels during the pandemic era, housing inflation has remained stubbornly high. This slow decline in housing inflation is identified as
The CNBC Investing Club with Jim Cramer held its “Morning Meeting” livestream, where crucial market developments were discussed. Thursday saw a decline in the S & P 500 and Nasdaq from their record highs, driven by a lower-than-expected inflation report. This led investors to shift from Big Tech stocks to smaller-cap names, impacting Club holdings
As the Summer Olympics in Paris approach, sportsbooks and daily fantasy operators are gearing up for what could be a significant increase in betting activity. This year’s games will be the first to take place since legal gambling has become widespread in the U.S. With sports like basketball, soccer, and tennis expected to draw a
Delta Air Lines recently announced its forecast for record revenue in the third quarter, highlighting the strong summer travel demand. However, this projection fell below analysts’ estimates due to various factors. The carrier expects a sales increase of no more than 4%, which is lower than the 5.8% growth estimated by analysts. It also forecasted
The U.S. Department of the Treasury and the IRS recently announced a significant achievement in collecting more than $1 billion in tax debt from high-income individuals over the past year. This marked a major milestone for the agency as they continue to crack down on tax evasion among the wealthiest Americans. With new funding totaling