The beverage giant reported adjusted earnings above expectations, rising from $2.12 per share a year earlier. PepsiCo posted second-quarter adjusted earnings of $2.2 per share, exceeding the $2.19 estimate. The result reflects a year-over-year increase from $2.12 per share
The wine and spirits distributor will reduce staff by about 240 roles as it shifts to a hybrid customer engagement model. Southern Glazer’s Wine & Spirits will eliminate approximately 1% of its US workforce, or around 240 jobs, as part of a restructuring to integrate field
Bitdeer invests $36 million in Nevada plant Bitdeer Technologies Group has broken ground on a $36 million advanced electronics manufacturing facility in Sparks, Nevada. The 187,000-square-foot plant is scheduled for completion by the end of 2026 and is expected to pro
Pending public listings of Anthropic, OpenAI, and SpaceX could surpass total U.S. VC-backed exit value since 2000. SpaceX, Anthropic, and OpenAI are set to generate over $4 trillion in combined valuation upon going public, exceeding all U.S. venture-backed exits since 2000
Marathon Digital's acquisition of a 1,200-acre Texas site aims to double its power capacity to 4.8 GW for AI and Bitcoin operations. Marathon Digital Holdings (NASDAQ: MARA) announced the acquisition of a power-backed land site in Matagorda County, Texas, for up to $600 mi
Berkshire Hathaway retains Kroger as CEO Greg Foran targets 1%-2% annual same-store sales growth through price cuts. Kroger (NYSE: KR) shares, held by Berkshire Hathaway (NYSE: BRKA, BRKB) for nearly seven years, reflect Warren Buffett’s long-term confidence despite lacklu
PayPal USD now operates natively on Polygon, enabling businesses to settle cross-border payments using regulated dollar-backed tokens. PayPal has integrated its stablecoin, PYUSD, into Polygon’s blockchain network, allowing businesses to transfer regulated USD across borde
AMD stock rises sharply after announcing a collaboration to develop next-generation AI infrastructure campuses with 5C. AMD shares climbed nearly 8% in early trading Thursday following the announcement of a partnership with AI digital infrastructure provider 5C. The collab
Goldman Sachs index shows 30-day volatility for high-momentum AI stocks hitting levels not seen since 2018. The 30-day volatility of high-momentum artificial intelligence stocks has spiked to a six-year high, contrasting sharply with the stable performance of the broader S
The fund added four stocks and beat the MSCI Emerging Markets Index by 24.1% on South Korea selection. ClearBridge’s Emerging Markets Strategy returned 24.1% above the MSCI Emerging Markets Index in the second quarter. Performance was driven by stock selection in South Kor
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