FILE PHOTO: Cans of Pepsi are seen at the PepsiCo Walkers factory in Leicester, Britain, August 14, 2024. Hollie Adams | Reuters PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as international growth offset another quarter of declining volume in North America. Here’s what the company reported for its fiscal third quarter compared…
Tourists visit the Confucius Temple market area in Nanjing, Jiangsu province, China, on Oct. 1, 2025. Cfoto | Future Publishing | Getty Images BEIJING — The latest sign of hyper-competition, or “involution,” has emerged in China’s tourism industry, adding to concerns about growing deflationary pressure in the broader economy. Over the Oct. 1 to 8…
The Hollywood Burbank Airport air traffic control tower stands in Burbank, California, on Oct. 6, 2025. Mario Tama | Getty Images A shortage of air traffic controllers are delaying flights, the Federal Aviation Administration warned on Wednesday, as concerns grow about the effect of the government shutdown on U.S. aviation. There were half-hour delays at…
Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed. The meeting summary indicated near unanimity among participants at the Federal Open Market Committee that the central bank’s key overnight borrowing rate should be cut…
The sunset is reflected in the windows of the US Capitol as a man runs on the National Mall in Washington, DC, on October 1, 2025, the first day of the US federal government shutdown. Andrew Caballero-reynolds | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter…
Check out the companies making headlines in premarket trading: Joby Aviation — Shares of the electric air taxi maker plunged 11% after the company announced the pricing of a previously announced stock offering. Joby will sell 30,500,000 common shares for $16.85 each, translating to gross proceeds of around $513.9 million. AST SpaceMobile — Shares surged…
When it comes to tax planning by business owners on Main Street, many aspects of President Trump‘s One Big Beautiful Bill Act were at best incremental, unlike the fundamental shifts introduced under the 2017 Tax Cuts and Jobs Act. “The corporate tax rate is still 21%,” said Ben Rizzuto, wealth strategist at Janus Henderson. “That…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Real estate investors,…
Check out the companies making headlines in midday trading: Oracle — The software giant fell more than 5%, leading a reversal in tech stocks, after The Information reported its margins on its cloud business are weaker than analysts currently estimate and that it is losing money on some of its Nvidia chip deals. Figma —…
Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts and political uncertainty. David Gray | Afp | Getty Images Amid global economic turbulence, the prices of precious metals have been climbing higher and higher. The price of gold in particular has…
