Pepsi shares jump as activist Elliott takes $4 billion stake, sees ‘historic’ value opportunity

Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo shares popped Tuesday after Elliott Investment Management took a significant stake as the activist investor sees a “rare” and “historic” opportunity for a turnaround in the iconic soft drink giant. Shares of PepsiCo climbed as much…

Read More
Hong Kong’s Regencell Bioscience triples in latest surge for a speculative stock

Hong Kong’s Regencell Bioscience triples in latest surge for a speculative stock

Hong Kong Skyline Nikada | E+ | Getty Images Regencell Bioscience Holdings, an early-stage, Hong Kong-based bioscience company with no revenue, is the latest speculative overseas stock to attract an unusual surge in trading demand. Shares of Regencell, which says it develops traditional Chinese herb treatments to treat childhood attention deficit hyperactivity disorder and autism,…

Read More

Hispanic shoppers are spending less on groceries, pressuring companies

Miami, Hialeah Gardens, Florida, Walmart Supercenter, checkout line cashier, customers paying. Jeff Greenberg | Universal Images Group | Getty Images Hispanic consumers are cutting back their grocery spending on everything from beer to cooking spray, executives said during recent earnings calls. Coca-Cola, Constellation Brands and Colgate-Palmolive are among the companies that have reported a slowdown…

Read More