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Reuters - 4 hours ago

In West Bank, Pepsi and Coke bottlers face can and sugar shortage

EXCLUSIVE-In West Bank, Pepsi and Coke bottlers face can and sugar shortage By Jessica DiNapoli NEW YORK, Oct 18 (Reuters) - PepsiCo PEP.O and Coke bottlers in the West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said. In the latest global supply chain snarl due to the conflict in the Middle East, a crucial trade crossing at the Allenby bridge has been largely clos

Reuters - 2 days ago

Nestle's new CEO may cut guidance in fresh start, some investors warn

Nestle's new CEO may cut guidance in fresh start, some investors warn Some investors, analysts think Nestle may cut guidance again Nestle lowered sales guidance in July Nestle to report nine-month earnings on Thursday By Richa Naidu LONDON, Oct 16 (Reuters) - Nestle NESN.S could use the fresh start provided by new CEO Laurent Freixe in the coming months to lower financial guidance for the second time this year following months of weak sales volumes, according to some analysts and investors.

Reuters - 4 days ago

Adobe starts roll-out of AI video tools, challenging OpenAI and Meta

Adobe starts roll-out of AI video tools, challenging OpenAI and Meta Oct 14 (Reuters) - Adobe ADBE.O on Monday said it has started publicly distributing an AI model that can generate video from text prompts, joining the growing field of companies trying to upend film and television production using generative artificial intelligence. The Firefly Video Model, as the technology is called, will compete with OpenAI's Sora, which was introduced earlier this year, while TikTok owner ByteDance and Meta

Reuters - 4 days ago

U.S. stocks weekly: Birthday bull

REFILE-RPT-BUZZ-U.S. stocks weekly: Birthday bull Repeats from Friday with no changes, refiles to adjust format ** S&P 500 .SPX advances fifth straight week, adds 1.1% as earnings season gets underway .N ** This as the bull market hits a birthday , and it still may be young at heart ** Indeed, SPX scores new highs, and has now posted its 45th record closing high so far this year ** Benchmark U.S.

Reuters - 6 days ago

U.S. stocks weekly: Birthday bull

BUZZ-U.S. stocks weekly: Birthday bull ** S&P 500 .SPX advances fifth straight week, adds 1.1% as earnings season gets underway .N ** This as the bull market hits a birthday , and it still may be young at heart ** Indeed, SPX scores new highs, and has now posted its 45th record closing high so far this year ** Benchmark U.S. 10-year Treasury yield US10YT=RR forges back over 4%, but streak may have it stretched to the upside ** Majority of sectors celebrate: Technology and Industrials party most,

Reuters - 1 week ago

TD Cowen downgrades PepsiCo to 'hold', cuts PT on pressured volumes

BUZZ-TD Cowen downgrades PepsiCo to 'hold', cuts PT on pressured volumes ** Brokerage TD Cowen downgrades PepsiCo PEP.O to "hold" from "buy," citing continued volume pressure from price elasticity ** Believe price increases have widened the gap in consumer preferences between the strong Coca-Cola KO.N and Keurig Dr Pepper KDP.O brands and the Pepsi

Reuters - 1 week ago

Amazon targets faster deliveries and buying with new tech

UPDATE 5-Amazon targets faster deliveries and buying with new tech Vision Assisted Package Retrieval to be installed in 1,000 trucks next year AI software to help customers make faster buying choices New tech aims to increase delivery efficiency and customer satisfaction Adds share movements By Greg Bensinger NASHVILLE, Tennessee, Oct 9 (Reuters) - Amazon AMZN.O , in its quest for greater efficiency, has developed new systems to shave seconds off each package delivery and to help customers make

Reuters - 1 week ago

Street View: PepsiCo may turn the corner in 2025

BUZZ-Street View: PepsiCo may turn the corner in 2025 ** PepsiCo PEP.O cut its forecast for annual sales growth on Tuesday as picky consumers in North America limit their spending on sodas and savory snacks, while opting for cheaper private-label brands ** Median PT of 23 brokerages covering the stock is $185 - LSEG data FOCUS REMAINS ON CONSUMER S

Reuters - 1 week ago

U.S. Aflac, Lincoln National, Prudential Financial

U.S. RESEARCH ROUNDUP-Aflac, Lincoln National, Prudential Financial Oct 9 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Aflac, Lincoln National and Prudential Financial, on Wednesday. HIGHLIGHTS * Aflac Inc AFL.N : TD Cowen initiates coverage with hold rating; price target $102 * Corebridge Financial Inc CRBG.N : TD Cowen initiates coverage with buy rating * Lincoln National Corp LNC.N : TD Cowen initiates coverage

Reuters - 1 week ago

Wall Street closes higher on tech buying as investors wait on inflation data

US STOCKS-Wall Street closes higher on tech buying as investors wait on inflation data S&P, Nasdaq recover ground lost after Monday's sell-off Tech names help push indexes higher US-listed shares of Chinese companies fall PepsiCo rises after results Indexes up: Dow 0.3%, S&P 500 0.97%, Nasdaq 1.45% Adds closing prices, market details By David French Oct 8 (Reuters) - Wall Street's benchmarks finished up on Tuesday, recouping some of the previous session's losses, as investors bought back in to t

Reuters - 1 week ago

Wall Street ends higher on tech buying as investors wait on inflation data

US STOCKS-Wall Street ends higher on tech buying as investors wait on inflation data S&P, Nasdaq rebound after Monday's sell-off US-listed shares of Chinese companies fall PepsiCo rises after results Recasts with preliminary closing details By David French Oct 8 (Reuters) - Wall Street's benchmarks ended higher on Tuesday, recouping some of the previous session's losses, as investors bought back in to technology stocks and investors shifted their focus to upcoming inflation data and the start of

Reuters - 1 week ago

S&P 500, Nasdaq advance as investors switch focus to upcoming inflation data

US STOCKS-S&P 500, Nasdaq advance as investors switch focus to upcoming inflation data S&P, Nasdaq rebound after Monday's sell-off US-listed shares of Chinese companies fall PepsiCo rises after results Indexes up: Dow 0.08%, S&P 500 0.69%, Nasdaq 1.09% Updates to 1357 ET/1757 GMT By David French and Lisa Pauline Mattackal Oct 8 (Reuters) - The S&P 500 and Nasdaq Composite rose on Tuesday, recouping some of the previous session's losses, as investors shifted attention to upcoming third-quarter ea

Reuters - 1 week ago

PepsiCo reverses course after reaffirming profit growth forecasts

BUZZ-PepsiCo reverses course after reaffirming profit growth forecasts Updates ** Shares of PepsiCo PEP.O reverse course from premarket dip, rise as much as 1.5% to $169.75; last up 0.66% at $168.35 ** Co continues to see above 8% core EPS growth in 2024 , excluding foreign currency fluctuations, compared to a 7% increase in 2023 ** Shares fell ~1% premarket after PEP lowered annual organic sales growth forecast on softer demand in North America for its sodas, Frito-Lay snacks owing to cautiou

Reuters - 1 week ago

Wall Street gains as investors focus on inflation data, Q3 earnings

US STOCKS-Wall Street gains as investors focus on inflation data, Q3 earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Roblox falls after Hindenburg short on co U.S.-listed shares of Chinese cos fall PepsiCo rises after results Indexes up: Dow 0.2%, S&P 500 0.8%, Nasdaq 1.3% Updated at 11:55 a.m.

Reuters - 1 week ago

Wall Street set for higher open with inflation data, earnings in focus

US STOCKS-Wall Street set for higher open with inflation data, earnings in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. PepsiCo down after annual sales growth forecast cut U.S.-listed shares of Chinese cos fall Futures up: Dow 0.1%, S&P 500 0.3%, Nasdaq 0.4% Updated at 8:31 a.m. ET By Lisa Pauline Mattackal and Pranav Kashyap Oct 8 (Reuters) - U.S.

Reuters - 1 week ago

U.S. STOCKS Copper miners, PepsiCo, Casinos

BUZZ-U.S. STOCKS ON THE MOVE-Copper miners, PepsiCo, Casinos Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures bounced back on Tuesday from a selloff in the previous session, as investors turned their focus on key inflation data and third-quarter earnings later this week for fresh insights into the Federal Reserve's interest rate path.

Reuters - 1 week ago

PepsiCo Says Inflation & High Borrowing Costs Over Last Few Years Continue To Impact Consumer Spending

BRIEF-PepsiCo Says Inflation & High Borrowing Costs Over Last Few Years Continue To Impact Consumer Spending Oct 8 (Reuters) - PepsiCo Inc PEP.O : PEPSICO SAYS INFLATION AND HIGHER BORROWING COSTS OVER LAST FEW YEARS CONTINUE TO IMPACT CONSUMER SPENDING - PREPARED REMARKS PEPSICO - EXPECT 2024 INFLATIONARY PRESSURES TO MODERATE VERSUS PRIOR YEAR, B

Reuters - 1 week ago

PepsiCo down after lowering annual sales forecast

BUZZ-PepsiCo down after lowering annual sales forecast ** Shares of PepsiCo PEP.O fall ~1% to $165.64 premarket ** Co posts lowered annual organic sales growth on softer demand in North America for its sodas, Frito-Lay snacks owing to cautious consumer spending ** Expects fiscal 2024 organic sales to grow low-single-digit range, compared to a previous forecast of a 4% rise ** Posts Q3 revenue of $23.32 billion vs.

Reuters - 1 week ago

PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas

UPDATE 4-PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas PepsiCo cuts annual sales growth target, cites consumer budget pressures Efficiency measures, price hikes prop up PepsiCo's profit Shares flat in early trading Adds analyst's comment in paragraphs 7,9 By Savyata Mishra Oct 8 (Reuters) - PepsiCo PEP.O cut its forecast for annual sales growth on Tuesday as picky consumers in North America limit their spending on sodas and savory snacks, while opting for cheap

Reuters - 1 week ago

Stocks stall, Hang Seng decimated, oil ebbs

MORNING BID AMERICAS-Stocks stall, Hang Seng decimated, oil ebbs A look at the day ahead in U.S. and global markets from Mike Dolan World markets painted a messy picture on Tuesday, with recently pumped-up crude oil prices retreating sharply and disappointment surrounding China's economic stimulus already setting in - knocking Hong Kong shares .HSI back almost 10%.

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