PepsiCo cut its full-year organic revenue forecast on Tuesday after the company reported softer-than-expected sales figures and business disruptions from geopolitical tensions that impacted the company in the third quarter. The snack and beverage giant’s 2024 organic revenue growth outlook changed from 4% to a “low-single-digit increase.” It projected that international organic revenue growth would

Oil prices have surged over the last week amid rising tensions in the Middle East, which have markets bracing for a potential rise to $100 a barrel. Prices rose about 9% last week and traders in the options market for oil showed record interest in call options for $100 a barrel oil in November, while

Investors hoping to ride the curve of falling interest rates as the Federal Reserve embarks on its easing cycle, may be in for a wake-up call, according to investment management giant Vanguard.  “We expect interest rates to remain relatively high compared to those since the 2008 global financial crisis, even if the Fed continues to cut the

-Stocks rallied for the week after a strong jobs report. Oil spiked amid fighting in the Middle East  -The port strike was suspended, but details on the final contract remain unclear  -Former President Trump sits down with FOX Business Network’s Larry Kudlow  -Elon Musk is feuding with FEMA and the FCC after he helps victims

Spirit Airlines shares are sharply lower on Friday after The Wall Street Journal reported that the ultra-low-cost carrier is engaging in talks with bondholders and creditors about the possibility of filing for bankruptcy. It has reportedly mulled an “out-of-court transaction” for restructuring too, the Journal reported Thursday. The potential bankruptcy filing comes after Spirit’s failed

The Texas attorney general filed a lawsuit against the social media platform TikTok this week for allegedly sharing the personal data of minors, which violates the state’s parental consent law known as the Securing Children Online through Parental Empowerment (SCOPE) Act. The SCOPE Act was created in Texas to protect minors from the harmful, deceptive

Bank of America was hit with an outage on Wednesday afternoon that left some customer accounts showing a balance of zero.  The issue began around 12:47 pm, according to Downdetector, which monitors tech disruptions.  One user on X reported their account balances were showing $0, but a phone call to BofA’s automated phone lines were

Crypto asset manager Bitwise has submitted an initial registration statement to the Securities and Exchange Commission, signaling its intent to launch an XRP exchange-traded fund, FOX Business has learned. Bitwise, which manages over $4.5 billion in assets, submitted a Form S-1 registration statement to the SEC on Wednesday morning, making it the first firm to

Over 45,000 dock workers up and down the eastern seaboard are on strike. The International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) that represents port employers are at an impasse in negotiations over the union’s demands for compensation and protection from automation. The union’s current six-year contract expired Monday.  Experts and economists are

Walt Bettinger will retire from his longtime position as Charles Schwab’s CEO at the end of 2024. The financial firm on Tuesday unveiled Bettinger’s retirement plans and linked the upcoming leadership change to its multiyear succession plan. When he leaves the position on Dec. 31, it will mark the end of Bettinger’s 16-year tenure as