In a bold maneuver that unsettles traditional soft drink norms, PepsiCo has announced its intent to acquire the burgeoning prebiotic soda brand Poppi for an eye-watering $1.95 billion. This strategic move comes amidst a significant decline in conventional soda consumption in the United States, a shift that has left industry titans scrambling to adapt. What’s
Business
The Washington, D.C., metro area has become an unlikely epicenter of a housing inventory explosion, presenting a stark contrast to the national trend. As evidenced by Realtor.com’s latest data, active housing listings in D.C. are up by a staggering 56% compared to the same week last year. The traditional spring marketing season—which typically heralds a
In a surprising but necessary pivot, Health and Human Services Secretary Robert F. Kennedy Jr. is wading into the murky waters of America’s food industry. In a meeting with some of the most powerful executives from major food conglomerates like PepsiCo and Kraft Heinz, Kennedy emphasized a urgent mission: the elimination of “the worst ingredients”
In an alarming shift, Delta Air Lines has drastically downgraded its revenue and earnings expectations for the first quarter of 2023, signaling deeper issues within the travel sector. What was once a period of robust recovery post-pandemic now appears to be marred by a distinct retreat in consumer confidence. Originally forecasting a revenue increase of
In an astonishing turn of events, Shawn Fain, the head of the United Auto Workers (UAW), has aligned himself with President Donald Trump amidst the controversial realm of North American tariffs. Historically, labor unions have taken a strong stance against administrations that threaten American jobs, yet Fain’s tacit endorsement of Trump’s 25% tariffs on automotive
The ongoing battle between American financial institutions and the Consumer Financial Protection Bureau (CFPB) has taken a dramatic turn. For years, banks have portrayed the CFPB as an overreaching watchdog, unfairly targeting them with regulations following the 2008 financial crisis. However, in the face of a severely weakened CFPB under the Trump administration—with stop-work orders
In a world where market analysts often predict with alarming precision, Costco’s recent earnings report offers a dose of unpredictability. While the wholesale giant fell short of earnings expectations with $4.02 per share against the anticipated $4.11, its revenue surpassed forecasts, coming in at $63.72 billion compared to the expected $63.13 billion. This mixed bag
Senator Richard Blumenthal’s recent inquiries into Visa’s partnership with Elon Musk’s social media platform, X, raise significant concerns regarding consumer protection and regulatory integrity. As the digital wallet services prepare to roll out, it’s crucial to scrutinize this arrangement, particularly because of Musk’s controversial actions that undermine consumer safeguarding authorities like the Consumer Financial Protection
In recent months, SpaceX’s Starship has become the talk of both the aerospace industry and the global public, albeit for troubling reasons. The Federal Aviation Administration (FAA) made headlines when it unexpectedly halted flights at multiple Florida airports after the latest Starship test flight faced catastrophic failure. What was intended to be another leap towards
When it comes to Macy’s, the iconic American department store, the path ahead appears laden with obstacles and uncertainties. After a recent quarterly earnings report, the narrative surrounding the retail giant has again become a mixed bag of optimism and skepticism. As CEO Tony Spring navigates through the murky waters of corporate restructuring and investor