PepsiCo Inc and Coca-Cola said on Tuesday they are suspending sales of their sodas in Russia, to be the latest addition to a long list of high-profile Western consumer brands to taper, suspend or curtail their operations in Russia in the aftermath pf following the invasion of Ukraine.Coca-Cola said its …
Read More »Earnings Still Catch Investors’ Attention
PepsiCo, the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimates, and the company’s forecast for 2022 organic revenue growth also topped forecasts. The stock, however, was down 2.5% to $167.66 on Thursday.Rival Coca-Cola’s earnings also …
Read More »Disney Hong Kong Closure Could Push Risk Aversion Ahead
An investor’s mind is a funny thing when it comes to risk-return judgment. Research on risk-aversion has found that most investors dislike losses more than they find joy from gains. The result from this is that the magnitude of market selloffs pushed by news are worse than the velocity of …
Read More »S&P 500 Stabilizes With Gains
Trading conditions on Thursday were limited, with many investors away for Veteran’s Day. Bond markets have been closed. The S&P 500 index started the U. S. session above 4660 but has gradually been lower to around the 4650 mark, where it trades with one the day gains of about 0.1%. …
Read More »Wall Street Opens Higher on Big Tech Gains
U. S. shares opened mostly higher on Wall Street Thursday a day after a surge in inflation knocked the market lower. Big tech companies had some of the strongest gains in the early going. The S&P 500 was up 0.2% and the tech-heavy Nasdaq rose 0.7%.The Dow Jones slid 0.2%, …
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