Tag Archives: raises

PepsiCo’s (PEP) second quarter earnings release is going down easy for investors.  The beverage and snacks giant — widely expected by analysts to have a strong quarter as economies globally re-open from the pandemic — blew away forecasts across the board. Total revenue rose 20.5% from a year ago, powered by strong double-digit sales gains in PepsiCo’s North America beverage, Latin America, EU and Africa businesses. Sales rose by 6% each in the Frito Lay North America and Asia Pacific… Source link

AEW wrestler Nyla Rose. (Photo Credit: AEW) As a public figure, Nyla Rose has learned how to drown out the noise on social media. Although the 38-year-old All Elite Wrestling star receives negative and hate-filled messages on the internet, those aren’t the ones that get to her. Instead, Rose focuses on the messages that let her know she’s doing her job — not just as a professional wrestler, but as a symbol for an entire community. “I love every bit of positive energy, but what means… Source link

Prices for burritos are up at Chipotle, and the stock price is likely to soon follow, says one Wall Street analyst. Raymond James analyst Brian Vaccaro upgraded his rating on the restaurant chain to Strong buy from Outperform on Monday. Vaccaro now sees fair value on Chipotle’s stock at $1,800. “We believe recently announced menu price increases (4% in recent weeks, more coming in the fall) create 1) significant upside to second half consensus comp expectations and 2) increased confidence in… Source link

The big takeaway from the past week in business news is that A) secretly released documents show that billionaires aren’t paying their fair share in taxes. (Gee, you think?) And meanwhile, B) hotels and restaurants and other businesses can’t find enough people to work as maids and dishwashers, etc. If that doesn’t get your “hmmm” juices flowing, I don’t know what will. Let me explain by first going through the A and B elements and then speak to how they’re connected.  The billionaire… Source link

MOSCOW (Reuters) – Russian state bank VTB is ready to consider increasing its stake in internet company Yandex should Yandex decide to raise funds on the market, Interfax quoted First Deputy Chief Executive Yuri Soloviev as saying on Friday. Reporting by Maxim Rodionov; Writing by Katya Golubkova; Editing by Mark Heinrich Source link

The latest decentralized finance (DeFi) protocol to get big backing from venture capitalists is Impossible Finance for a multi-chain incubator project. In an announcement on June 3, the DeFi protocol declared that it had secured $7 million from over 125 institutional and angel investors. The round was co-led by True Ventures, CMS Holdings, Alameda Research, and Hashed. The list of additional investors was extensive and included Sino Global Capital, IOSG, Divergence, GBV, Lemniscap, Primitive,… Source link

LONDON — Russia is increasingly pressuring Google, Twitter and Facebook to fall in line with Kremlin internet crackdown orders or risk restrictions inside the country, as more governments around the world challenge the companies’ principles on online freedom. Russia’s internet regulator, Roskomnadzor, recently ramped up its demands for the Silicon Valley companies to remove online content that it deems illegal or restore pro-Kremlin material that had been blocked. The warnings have come… Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

FILE PHOTO: The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau/File Photo (Corrects to remove inaccurate company descriptor from headline. Also corrects paragraph 3 to say that the company plans to use the funds for further work related to nuclear fusion) (Reuters) – TAE Technologies, a California-based firm building technology to generate power from nuclear fusion, said on… Source link

FILE PHOTO: The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau/File Photo (Corrects to remove inaccurate company descriptor from headline. Also corrects paragraph 3 to say that the company plans to use the funds for further work related to nuclear fusion) (Reuters) – TAE Technologies, a California-based firm building technology to generate power from nuclear fusion, said on… Source link