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The Latest Breaking News from PepsiCo

Who invented Flamin’ Hot Cheetos?

Richard Montañez is suing Frito-Lay, claiming the company launched a “smear campaign” against him in 2021

Salon

Why Bill Gates, Warren Buffett and Ray Dalio favor junk food stocks

Stocks like Coca-Cola are a common theme in the portfolios of Bill Gates, Warren Buffett, and Ray Dalio—this is why.

Fortune

Spicy dispute over the origins of Flamin' Hot Cheetos winds up in court

A court case could soon settle a spicy dispute: Who invented Flamin’ Hot Cheetos

The Independent UK

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Man who says he invented Flamin’ Hot Cheetos sues Frito-Lay for denying he created snack

Richard Montañez has hit back at Frito-Lay’s claims he didn’t invent spicy snack in new defamation lawsuit

The Independent UK

3 Highest-Yielding Dividend Kings That Wall Street Loves

A high yield doesn't necessarily translate to a buy. This article bridges the gap by combining high dividend payouts and buy ratings.

Barchart

15 years after the worst rebrand in history, Tropicana is trying again

Has it learned its lesson?

Creative Bloq

Is This Dividend King a Buy Now?

This consumer stock hasn’t fared well so far in 2024, but Wall Street expects it to soar as much as 23% over the next 12 months.

Barchart

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Kimberly Cheatle's Net Worth And Goal To Hire 30% More Females For Secret Service By 2030

Kimberly Cheatle, head of the US Secret Service, faces scrutiny over diversity efforts and handling of security challenges.

International Business Times UK

Say goodbye to $6 Cheetos—snack companies finally lower prices

$6 for a bag of chips has consumers looking elsewhere, executives said.

Fortune

PepsiCo Feels Dire Effects Of Weak Demand For Sodas; Misses Expected Revenue For 2nd Quarter

PepsiCo missed the expected revenue for the second quarter due to slow demand for snacks and sodas.

International Business Times

Stock Market Today: Markets Mixed as Rising Rate-Cut Bets Boost Small Caps

A surprisingly soft inflation report sparked a rotation from mega-caps into riskier names.

Kiplinger

PepsiCo Stock Falls On Q2 Revenue Miss, Revised Outlook: What to Know

PepsiCo stock is trading lower after mixed second-quarter results and revised outlook. Here’s what you need to know.

Kiplinger

PepsiCo second quarter profits jump, but demand continues to slip with prices higher

PepsiCo reported higher-than-expected earnings in the second quarter even as customer demand for its snacks and drinks continued to slip

The Independent UK

Stocks Tread Water Before the Open as Investors Brace for U.S. Inflation Data, PepsiCo Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are down -0.09%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.10% this morning as market participants refrained from making any big bets ahead of a crucial U.S. inflation reading that could solidify expectations for Federal Reserve interest rate cuts later this year.

Barchart

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news in one place.

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The Guardian - UK

Compelling deal for Carlsberg but lacking in fizz for Britvic investors

Soft drinks maker puts on a display of verbal gymnastic as takeover helps Danish brewer to enlarge its UK business

Fortune

Carlsberg is pouring $4.2 billion into a deal with Pepsi and Lipton distributor Britvic as Gen Z shies away from alcohol

“It's very much a kind of growth-oriented acquisition, wanting to expand and invest," a Carlsberg spokesperson told Fortune.

International Business Times

Carlsberg Quaffs British Soft Drinks Maker Britvic For GBP3.3 Bn

Danish brewer Carlsberg on Monday said that it had reached a deal to buy British soft drinks manufacturer Britvic for GBP3.3 billion ($4.2 billion).

The Guardian - UK

UK drinks maker Britvic agrees £3.3bn takeover by Carlsberg

Danish brewer acquires owner of Robinsons, Tango and R White’s as it buys Marston’s stake in joint venture

Get all your
news in one place.

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Fortune

Cup Noodles introduces s'mores flavor to break free from cheap-eats reputation and win over Gen Z

The packaged noodle brand is the latest to appeal to Gen Z’s eccentric taste for strange flavor combinations.

Barchart

PepsiCo’s Q2 2024 Earnings: What to Expect

As PepsiCo gears up to release its second-quarter earnings results next week, analysts project a modest single-digit profit surge on the horizon.

The Guardian - US

Plastics companies blocked mitigation efforts and may have broken US laws – study

Paper outlines different legal theories that could help governments pursue accountability for harms

The Guardian - US

Pepsi lost the cola wars to Coke. Why is it struggling to hold on to second place?

Dr Pepper took the No 2 spot behind Coca-Cola last year. But the latest US sales figures don’t tell the whole story

Barchart

How Is PepsiCo’s Stock Performance Compared to Other Mega-Caps?

PepsiCo has been recently outperforming other mega-cap stocks. However, Wall Street analysts are moderately optimistic about the stock’s prospects.

Barchart

Is Coca-Cola Stock Outperforming the Dow?

Despite persistent inflationary pressures, Coca-Cola outshines the Dow Jones Industrial Average Index, with Wall Street bullish about the stock’s prospects due to Coca-Cola's focused marketing efforts, innovation strategy, and optimized brand portfolio.

InsideEVs

Tesla Semi Impressions, Production Timeline Announced At ACT Expo

At the 2024 ACT Expo, attendees took test rides and got hands-on impressions of the Tesla Semi. The automaker also announced goals for volume Semi production.

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