Food and snack powerhouses PepsiCo and Conagra Brands announced that they had lower-than-expected revenue and unit sales, citing consumers’ pushback on pricey food items.
Industry
Nvidia Boss Jensen Huang Sells $31 Million Worth of Company Shares
Nvidia CEO Jensen Huang decided last week to sell over $31 million worth of the company’s stock in a move to entice investors.
TSMC Hopeful of a Boost in AI Industry Despite Share Market Falls
Taiwanese chipmaker TSMC said that the rising demand for artificial intelligence is boosting its growth and capacity and is influencing its short-term forecast.
Novo Nordisk, Eli Lilly Shares Decrease After Roche Reveals Obesity Drug Trial
Shares of pharmaceutical companies Novo Nordisk and Eli Lilly slid after Roche announced results from a promising early-stage trial for its proposed obesity drug.
Bank of America Shares 4% Rise in Q2 After Announcing Net Interest Income Rebound Imminent
Bank of America recently announced that its second-quarter revenue and profit from investment banking and asset management fees exceeded Wall Street expectations.
Latest News
JPMorgan Chase is reportedly striving to amass 15% of US consumer deposits and expand its credit card share.
Hurricane Beryl is expected to cause approximately $2.7 billion in damages to US insurers, as estimated by catastrophe modeling firm Karen Clark & Co (KCC).
General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.
Delta Airlines recently came under fire for its response to a social media post about its flight attendants wearing Palestinian flag pins.
The US Energy Department plans to buy up to 4.5 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR).
Tesla has increased the price of its Model 3 cars in European countries like Germany, the Netherlands, and Spain.
Elon Musk's Neuralink has announced that the tiny wires in the brain chip implanted in its first trial participant are now stable.
US sanctions have created obstacles for Russian imports of Chinese cars. US sanctions have created obstacles for Russian imports of Chinese cars, which have been crucial for the domestic market in recent years.
The US Federal Trade Commission (FTC) is reportedly filing a lawsuit against the three biggest prescription drug middlemen over insulin prices.
