Year: 2025
PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City. Michael M. Santiago | Getty Images PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America for the fifth straight quarter. […]
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Merck’s 2025 revenue outlook falls short as it pauses Gardasil vaccine shipments to China
Sopa Images | Lightrocket | Getty Images Merck on Tuesday issued full-year 2025 revenue guidance that fell short of Wall Street’s expectations, as the company temporarily paused shipments of a key vaccine into China. The pharmaceutical giant anticipates 2025 sales of $64.1 billion to $65.6 billion, lower than the $67.31 billion that analysts surveyed by […]
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The Super Bowl will stream for free on Tubi, a big move for Fox’s streaming strategy
The last time Fox Corp. aired the Super Bowl, it featured buzzy commercials about its streaming service, Tubi. This year, the broadcaster is taking a bigger leap with the free, ad-supported streamer. It’s offering football’s biggest game on the service, too. “This time it’s less about shocking viewers and more about being in our credibility […]
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European stocks fall as tariff uncertainty lingers; Infineon up 10%
Infineon CFO: We’re not out of the woods but have started the year on a ‘slightly positive tone’ Infineon CFO Sven Schneider speaks to CNBC’s Annette Weisbach after the company raised its full-year outlook, as first-quarter results come in slightly better than expected. European drink stocks fall Campari bottle is seen in this illustration photo […]
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Former NATO chief Stoltenberg to become Norway’s finance minister after Oslo government collapse
Former Secretary General of NATO Jens Stoltenberg speaks with the media regarding 2024 U.S. presidential election, in Oslo, Norway, November 6, 2024. Thomas Fure | Via Reuters NATO’s former Secretary General Jens Stoltenberg has been appointed as Norway’s next finance minister, the government announced Tuesday. Stoltenberg headed the Western military alliance for 10 years before […]
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Asia’s capital market needs a ‘Taylor Swift’ of IPOs to catalyze listings, venture capitalist says
The Shanghai skyline Zorazhuang | E+ | Getty Images Asia’s “nascent capital market” needs a catalyst to kickstart it, an expert said at a CNBC Delivering Alpha event last month. The solution to having more listings in Asia involves having more products, information, fund managers and even good issuers, according to Jenny Lee, founder and […]
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Nintendo posts profit miss as it slashes Switch forecast again ahead of console’s successor
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo on Tuesday reported weaker-than-expected top and bottom results for its fiscal third quarter, slashing its forecast for the Switch console ahead of the release of […]
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Spirits maker Diageo removes medium-term guidance on U.S. tariff uncertainty
Bottles of Diageo-owned Johnnie Walker Red Label whisky in a supermarket in Chelmsford, UK, on Tuesday, Jan. 28, 2025. Bloomberg | Getty Images Spirits maker Diageo said Tuesday that it is taking steps to deal with the potential impact of U.S. tariffs on key supply chain regions and has removed its medium-term guidance due to […]
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China to launch probe into Google over alleged antitrust violations
In this photo illustration, a Google logo is displayed on the screen of a smartphone. Sopa Images | Lightrocket | Getty Images China said Tuesday it will launch an investigation into Google over alleged antitrust violations. The country’s State Administration for Market Regulation said that it would initiate an investigation into the technology giant because […]
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‘Strongman’ leaders of Europe don’t look so strong anymore
Hungarian Prime Minister Viktor Orban looks on as he attends a press conference during the informal EU Summit at the Puskas Arena, in Budapest, Hungary, November 8, 2024. Marton Monus | Reuters So-called “strongman” leaders of Europe — most of whom are allied with the likes of U.S. President Donald Trump and Russia’s Vladimir Putin […]
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