Sina Schuldt | Picture Alliance | Getty ImagesCoca-Cola reported quarterly earnings and revenue that topped expectations, but the beverage giant said that demand for its drinks is still soft.Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:Earnings per share: 82 cents adjusted vs. 78 cents expectedRevenue: $12.41 billion adjusted vs. $12.39 billion expectedCoke reported third-quarter net income attributable to shareholders of $3.7 billion, or 86 cents per share, up from $2.85 billion, or 66 cents per share, a year earlier.Excluding restructuring charges and other items, Coke earned 82 cents per share.Net sales rose 5% to…
Author: usaeverydaylife
There’s a lender in town that’s becoming more prevalent than ever: “the Bank of Mom and Dad” — a term you’ve likely heard thrown around before.As many as half of parents with adult children are stepping in to financially support their grown kids, providing regular assistance for expenses like monthly groceries (83%), cell phones (65%) and even vacations (46%), according to a Savings.com study.With the average amount spent per adult child at a three-year high of $1,474 per month, one certified financial planner has advice on what to watch out for.What to watch out for: Not having directionHere’s a common…
FILE PHOTO: Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010.Stringer | ReutersChina on Tuesday responded to the U.S.-Australia critical minerals deal by saying resource-rich rare earth countries should take “a proactive role” in stabilizing their critical minerals supply chains.A spokesperson for China’s Ministry of Foreign Affairs was asked about the U.S. and Australia critical minerals deal which has been framed as an effort to counter Beijing’s dominance.”The formation of global production and supply chains is the result of market and corporate choices,” Guo Jiakun said, according to NBC.”Resource-rich…
Annealed neodymium iron boron magnets sit in a barrel prior to being crushed into powder at Neo Material Technologies Inc.’s Magnequench Tianjin Co. factory in Tianjin, China, on Friday, June 11, 2010. Bloomberg | Bloomberg | Getty ImagesChina’s exports of rare earth magnets to the U.S. fell sharply in September, ending months of recovery as the two economic superpowers remain locked in trade disputes and Washington pushes to secure alternative supply chains.Data from China’s General Administration of Customs on Monday showed that U.S.-bound exports fell 28.7% in September from August to 420.5 tonnes. That was also 30% lower than a…
Michael Intrator, CoreWeave CEO appears on CNBC on July 17, 2024.CNBCCoreWeave CEO Michael Intrator told CNBC Tuesday that the firm’s proposed acquisition of Core Scientific would be a “nice to have” rather than a necessity as shareholders prepare to potentially block the deal.In July, AI cloud provider Coreweave proposed an all-stock deal valued at around $9 billion to buy the Bitcoin miner and data center firm, Core Scientific. Immediately after the news, Core Scientific’s stock price fell, plummeting nearly 18%.The deal has received criticism with key proxy advisor Institutional Shareholder Services (ISS) recommending on Monday that shareholders vote against the acquisition. Core Scientific’s…
In September, The Economist released its third annual “Carrie Bradshaw index,” named after the protagonist of the hit TV show “Sex and the City.” The report ranks the U.S. cities where Americans can afford to live alone.The index was named after the character because, on the show, she lives in a studio apartment in the West Village and it is highly unlikely that she could afford it on a writer’s salary now, Lizzy Peet, a data researcher at The Economist, tells CNBC Make It.”It all came about from a sort of snappy way to sum up the aspiration, a sort…
Apple CEO Tim Cook holds new iPhones during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California.Justin Sullivan | Getty Images Critics may sneer at the iPhone 17 Pro’s fluorescent orange finish, but Apple’s “Cosmic Orange” smartphone seems to be dazzling where it counts — in sales and shares.The newest iPhone 17 series, which includes the base iPhone 17 and its overachieving Pro and skinny Air siblings — that come in colors other than orange, to be clear — has been outselling its predecessor in the U.S. and China, according to Counterpoint Research. In China,…
Electric vehicles are cheaper to maintain than cars with internal combustion engines, but they tend to lose money — fast.It varies by model, but in general EVs depreciate by 13% more over a five-year period than the overall market, and some plummet in value even more rapidly, according to iSeeCars, which tracks the used car market.It’s enough to make a new car buyer hesitate if they are worried about how much they will get back when they try to sell the car. In addition, automakers have said they’re trying to broaden the appeal of EVs to more cost-conscious mainstream shoppers.…
Artificial intelligence is expected to democratize access to technology, making it a boon for would-be founders in emerging markets — but some investors disagree. “AI will change everything for emerging markets,” said Anton Osika, CEO and co-founder of Swedish startup Lovable, which allows others to create apps and websites via prompting, removing the need for technical knowledge. “Most of the world’s best ideas are stuck in the heads of people who can’t code. That’s especially true in emerging markets where many people deeply understand local problems in areas such as healthcare, logistics and education, but don’t necessarily have the tools…
Sanae Takaichi created history on Oct. 21, winning Japan’s parliamentary vote to become the country’s first women prime minister.Philip Fong | Afp | Getty ImagesSanae Takaichi on Tuesday created history, winning Japan’s parliamentary vote to become the country’s first woman prime minister, with domestic stock markets cheering her ascendancy.Takaichi garnered 237 votes in the first round of voting, negating the need for a runoff vote in the 465-seat Lower House, according to public broadcaster NHK.Her victory comes after the ruling Liberal Democratic Party allied with the Japan Innovation Party and reportedly signed an agreement over the weekend to form a…
