PepsiCo reported better-than-expected earnings and revenue for the first quarter, signalling early success in efforts to revive its underperforming snacks business even as broader economic uncertainty persists. The food and beverage giant said net income rose to $2.33 billion, or $1.70 a share, for the quarter ended March 21, compared with $1.83 billion, or $1.33
The S&P 500 Index and its ETFs have soared to a record high this week, continuing an uptrend that started on March 30th. VOO, the biggest fund in the world, rose to an all-time high of $643, while SPY jumped to $700. SPY and VOO stocks are soaring as investors look past the Iran war
Global equity markets have climbed back to record highs after a volatile six-week period dominated by geopolitical tensions. Investor sentiment has improved on signs of easing conflict risks and renewed focus on economic fundamentals. Fresh optimism has emerged around potential US-Iran peace talks, with the Trump administration signalling hopes for a deal. A Pakistani mediator
Shares of Voyager Technologies moved sharply higher in premarket trading on Thursday after the company was selected by NASA for a private astronaut mission to the International Space Station. The stock rose about 6% to $31.8 ahead of the opening bell, extending gains from after-hours trading where shares climbed as much as 9.5%. NASA mission
The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued resilience in the labour market even as businesses remain cautious about hiring amid rising geopolitical risks. Initial claims for state unemployment benefits dropped by 11,000 to a seasonally adjusted 207,000 for the week ended April 11, according to data
Wall Street opened higher on Thursday, extending the momentum from a strong prior session that saw the benchmark indices reach record levels. Investor sentiment has been buoyed by hopes that geopolitical tensions in the Middle East may ease, alongside a steady flow of corporate earnings that continue to signal resilience in the US economy. The
PayPal stock price has staged a strong comeback in the past few weeks as investors went bargain-hunting. PYPL also jumped as investors priced in a potential acquisition. It rose to $50 on Wednesday, its highest level since February this year. PayPal stock has soared amid bargain hunting The ongoing PYPL stock surge has coincided with
Japan should gradually raise interest rates while keeping fiscal support targeted, a senior official from the International Monetary Fund said on Thursday, highlighting resilience in the country’s domestic economy. The remarks come ahead of the Bank of Japan’s upcoming policy meeting later this month, where policymakers are expected to assess economic headwinds alongside inflationary pressures
Shares of Tesla are on track to break an eight-week losing streak, though the stock pulled back slightly in early trading on Thursday as investors turned their attention to the company’s upcoming earnings and longer-term strategy. The stock fell around 1.6% to $384.91, even as the S&P 500 and the Dow Jones Industrial Average moved
Shares of Hims & Hers Health moved sharply higher on Thursday, extending gains from the previous session after a significant regulatory shift signaled new opportunities in the peptide market. The stock rose about 4% to $25.28 on Thursday morning after closing up 14% on Wednesday, as investors reacted to comments from Robert F. Kennedy Jr.