PepsiCo cuts annual sales forecast on demand worries
(Reuters) – PepsiCo (NASDAQ:PEP) posted a surprise drop in third-quarter revenue on Tuesday and cut its forecast for annual sales growth, as it deals with cautious consumer spending in North…
HSBC and BTIG cut American Express rating on valuation, slowing fundamentals
Investing.com — American Express Company (NYSE:AXP) stock received a downgrade from two investment banks, HSBC and BTIG, with both expressing concerns over the stock’s valuation and slowing fundamentals. HSBC cut…
Uber to launch AI assistant powered by OpenAI’s GPT-4o to help drivers go electric
(Reuters) – Uber Technologies (NYSE:UBER) will roll out an AI assistant powered by OpenAI’s technology to help drivers transition to electric vehicles, as part of its efforts to lower emissions.…
Lyft announces measures to improve driver pay
(Reuters) – Lyft (NASDAQ:LYFT) said on Tuesday it would improve earnings for drivers on its platform by paying more for going out of their way for a ride and for…
OMV shares drop after trading update
Investing.com — OMV’s (ETR:OMVV) shares fell on Tuesday following its trading update that posted disappointing performance and signaled further headwinds ahead. At 6:40 am (1040 GMT), OMV was trading 1.9%…
Analysis-Dominating US cigarette sales, a combined 7-Eleven, Circle K would face risk from vapes, cheap smokes
By Jessica DiNapoli and Emma Rumney NEW YORK/LONDON (Reuters) – A Couche-Tard takeover of 7-Eleven owner Seven & i would position the combined convenience store chain to dominate U.S. cigarette…
US payroll report fuels market optimism; Japan leads stock rally in Asia
Asian equity markets saw a strong rally on Monday, with Japan’s Nikkei 225 (.N225) leading the charge, rising 2%, as robust US labor market data boosted investor sentiment and pared…
One year of Israel-Gaza war: how much has US spent on military aid to Israel?
The US has allocated a record-breaking $17.9 billion in military aid to Israel over the past year, following the escalation of violence in Gaza, which started on October 7, 2023.…
Sensex, Nifty50 Rally at opening bell on strong global cues; ITC and NBCC surge, Titan and ONGC decline
Indian benchmark equity indices opened in the green on Monday on positive cues from the Asian markets. At the opening bell on Monday, the BSE Sensex was by 412 points,…
BP shifts gears, scales back renewables to regain investor trust: report
BP has scrapped its commitment to cut oil and gas production as CEO Murray Auchincloss shifts the focus back to traditional energy sources in response to investor demands for improved…