FILE PHOTO: Cans of Pepsi are seen at the PepsiCo Walkers factory in Leicester, Britain, August 14, 2024. Hollie Adams | ReutersPepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as international growth offset another quarter of declining volume in North America.Here’s what the company reported for its fiscal third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.29 adjusted vs. $2.26 expectedRevenue: $23.94 billion vs. $23.83 billion expectedPepsi reported third-quarter net income attributable to the company of $2.6 billion, or $1.90 per share, down from $2.93 billion, or $2.13 per…
Author: usaeverydaylife
Shares of CG Oncology could soar from here, according to Guggenheim. The investment firm initiated coverage of the biopharma stock with a buy rating and $90 price target, which implies shares could surge 137% from their Tuesday close of $38. CG Oncology focuses on developing treatments for bladder cancer. The stock has popped 33% in 2025, outpacing the S & P 500’s 14% during that time. Guggenheim analyst Brad Canino pointed to the company’s solid position within the non-muscle invasive bladder cancer industry. He also applauded CG Oncology’s development of cretostimogene, an oncolytic immunotherapy. “The nascent NMIBC drug market has…
Delta Air Lines Flight Museum in Atlanta, Ga.Leslie Josephs/CNBCDelta Air Lines forecast a better-than-expected end to 2025 thanks to rising airfares and resilient luxury travel demand.The airline on Thursday projected adjusted earnings of between $1.60 and $1.90 a share for the fourth quarter, compared with the $1.65 per share analysts polled by LSEG were expecting. Revenue in the last three months of the year will grow as much as 4%, Delta said, above the 1.7% Wall Street expects.”Looking to 2026, Delta is well positioned to deliver top-line growth, margin expansion and earnings improvement consistent with our long-term financial framework,” CEO…
Jeffrey Epstein in 2004.Rick Friedman | Corbis News | Getty ImagesA top House Democrat asked four major bank CEOs to share a slew of financial records related to Jeffrey Epstein, pushing forward an investigation into the notorious sex predator, after the lawmaker’s effort to subpoena the banks for the documents was blocked by Republicans.House Judiciary Committee ranking member Jamie Raskin, D-Md., in letters to the CEOs obtained by CNBC, asked how Epstein and his co-conspirators could have conducted a reported $1.5 billion in suspicious transactions “for years without ever being caught.”The letters were sent on Wednesday to JPMorgan Chase CEO…
A worker on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024.Bloomberg | Bloomberg | Getty ImagesLuxury carmaker Ferrari on Thursday scaled back its electrification ambitions, while offering a first glimpse of the technology that will power “elettrica,” its first fully electric vehicle.The Maranello, Italy-based sports car manufacturer said at its Capital Markets Day event that it would target a 2030 sports car model line-up made up of 40% internal combustion engine (ICE) cars, 40% hybrid and 20% fully electric vehicles.Ferrari said the revised target, which is down from a prior…
Tourists visit the Confucius Temple market area in Nanjing, Jiangsu province, China, on Oct. 1, 2025.Cfoto | Future Publishing | Getty ImagesBEIJING — The latest sign of hyper-competition, or “involution,” has emerged in China’s tourism industry, adding to concerns about growing deflationary pressure in the broader economy.Over the Oct. 1 to 8 public holiday — dubbed “Golden Week” — total domestic tourism trips reached 888 million and generated 809.01 billion yuan ($113.63 billion) in revenue, according to official data released Thursday. That’s up by 1.8% and 7.6% from last year, respectively, according to CNBC’s calculations of the figures.The gains, however,…
Nvidia CEO Jensen Huang said Wednesday that the U.S. is “not far ahead” of China in the artificial intelligence race, and that the country needs a “nuanced strategy” to stay on higher ground.Huang has been walking a tense line between the two countries and has praised China’s AI models, including DeepSeek, Alibaba, and Baidu. Although U.S. models remain more advanced, China’s open-source models are “well ahead,” Huang said.The CEO courted China in July with several trips following U.S. chip restrictions and warned that Chinese chip systems from companies like Huawei should not be discounted.President Donald Trump spoke to Chinese President…
French President Emmanuel Macron attends a press conference after a European Union leaders’ special summit to discuss Ukraine and European defense, in Brussels, Belgium March 6, 2025. Christian Hartmann | ReutersMarket attention turns to France again Thursday after President Emmanuel Macron’s office said last night that he will name a new prime minister in the next 48 hours.Macron thanked outgoing Prime Minister Sebastien Lecornu for his efforts in holding last-ditch talks with various parties over whether there could be a way out of France’s ongoing political morass without holding new parliamentary elections, which would likely benefit the poll-leading far-right.With Lecornu’s departure…
Traders work on the floor of the New York Stock Exchange. NYSEShares of New York Stock Exchange parent, Intercontinental Exchange, rose more than 1% after the company announced it took a $2 billion stake in prediction markets platform Polymarket.The deal values Polymarket at approximately $8 billion, both companies said in a release.”There are opportunities across markets which ICE together with Polymarket can uniquely serve and we are excited about where this investment can take us,” Intercontinental Exchange CEO Jeffrey Sprecher said in a statement.The deal comes as prediction markets become more mainstream, with Polymarket rival Kalshi enjoying sharp trading volume…
JPMorgan is moving to the sidelines when it comes to FedEx . The bank downgraded shares of the transportation and shipping giant to neutral from overweight. It also lowered its price target to $274 per share from $284, pointing to 13% upside from Tuesday’s close. Analyst Brian Ossenbeck noted that, despite trying to turn its business around, the company still faces several significant obstacles. “FedEx continues to pursue a strategic transformation which includes improving capital efficiency, significantly reducing operating costs, and combining the Ground/Express network over time,” he wrote. “We are Neutral on FDX as we believe there is upside…
