Coca-Cola Co
Tyson Foods to lay off 1,700 workers, close two chicken plants
A package of Tyson Foods Inc. chicken is arranged for a photograph in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Tyson Foods will close two chicken plants in May, affecting nearly 1,700 employees. “While the decision was not easy, it reflects our broader strategy to strengthen our poultry business by optimizing operations and […]
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Global brands look to boost media investment in women’s sports through a new partnership, The Women’s Sports Club
IOC executive board member Angela Ruggiero attends the Medal Ceremony on day six of the PyeongChang 2018 Winter Olympic Games at Medal Plaza on February 15, 2018 in Pyeongchang-gun, South Korea. Alexander Hassenstein | Getty Images For four-time Olympian and gold medal-winning ice hockey star Angela Ruggiero, pushing for more media attention and sponsorship dollars […]
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Warren Buffett’s fairness portfolio is targeted on just 5 shares. Here’s what they are
Warren Buffett’s Berkshire Hathaway revealed that 75% of its equity portfolio was concentrated in just five names. Here’s a seem at these massive bets from the legendary trader. The “Oracle of Omaha” kept his top rated five holdings unchanged past quarter as the inventory industry seasoned heightened volatility amid increasing premiums and recession fears. Berkshire […]
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Citi says buy Coca-Cola as beverage giant emerges stronger post-Covid
Coca-Cola is a stronger company post-Covid, according to Citi. Analyst Filippo Falorni named Coca-Cola as one of his top buy-rated picks in the U.S. beverages and household products sector. Falorni set his price target at $68, implying a 14.8% upside from Thursday’s closing price of $59.22. Coca-Cola is one of the “names that have de-rated […]
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Kraft Heinz issues soft profit guidance after price increases boost revenue
Heinz brand tomato ketchup arranged in the Brooklyn borough of New York, US, on Friday, July 22, 2022. Kraft Heinz Co. is scheduled to release earnings figures on July 27. Gabby Jones | Bloomberg | Getty Images Kraft Heinz on Wednesday beat Wall Street’s earnings and sales expectations, but offered soft profit guidance for the […]
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CNBC Daily Open: U.S. stocks shrug off hot inflation numbers
Grace Cary | Moment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. U.S. inflation is starting to bite again. But stocks […]
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CNBC Daily Open: U.S. inflation rose more than expected. But stocks held steady
U.S. egg prices jumped by two to three times in January. Fatih Aktas | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? […]
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5 things to know before the stock market opens Tuesday
Pichai Pipatkuldilok / Eyeem | Eyeem | Getty Images Here are the most important news items that investors need to start their trading day: 1. Feeling the love Stocks shrugged off last week’s woes to finish in the green Monday. Will the bulls get another Valentine on Tuesday? A lot of that will depend on […]
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