Author: theparknews

By Ananya Mariam Rajesh (Reuters) – Pepsico said Monday it would buy prebiotic soda brand POPPI for $1.95 billion and expand into the “healthier soda” category as it fights lower demand for traditional drinks and snacks. PepsiCo shares rose 1.6% in early trading. Young Americans are increasingly turning to healthier sodas and energy drinks as part of a broader shift towards fitness and lifestyle products, with rival Coca-Cola expanding their Simply brand to launch a prebiotic soda called “Simply Pop.” Fellows like Celsius Holdings and Keurig Dr Pepper are also targeting the market by snapping smaller energy and wellness drink…

By Chris Kirkham (Reuters) – Tesla stocks have fallen almost half in three months. Still, investors are still debating whether Elon Musk’s electric vehicle maker will remain at high prices. NasdaqGS – Citation delay • USD Nearby: March 10th at 4:03pm EDT The company’s market capitalization fell 45% since it hit a record high of $1.5 trillion on December 17, erasing most of its stocks after CEO Musk helped fund US President Donald Trump’s election victory. Still, Tesla continues to get ratings that far surpass those of the world’s largest automotive and technology companies, judging from standard financial indicators. It’s…

BEIJING (Reuters) – China’s Xiaomi on Thursday cut the price of its first sticker on its luxury electric sedan SU7 Ultra to more than 529,900 yuan ($72,931.72) from a third, fitting a major challenge for others in the world’s large automation markets. The Chinese electronics manufacturer began taking pre-orders for the car at a sticker price of 814,900 yuan at the end of October, but Lei Jun said it had cut its price by 35% with the official launch of the car in Beijing on Thursday. Ray said drivers of BMW 5 Series, Audi A6 and Mercedes-Benz E-Class cars are…

Tassilo Hummel and Mimosa Spencer PARIS (Reuters) – European luxury manufacturers say they can use their pricing power to offset the costs of tariffs imposed by US President Donald Trump, but analysts say some brands have pricing They say there may be limited room for lifting the Famous brands like LVMH’s Louis Vuitton and Kering’s Gucci have relied on the buoyant US market as China is behind this year. But Trump threatened new tariffs on the European Union due to surplus of trade with the US in an escalation of attacks that economists say could cause a global economic slowdown.…

WASHINGTON (Reuters) – US business inventory fell for the first time in December as stocks dried up in retailers and wholesalers. Stocks fell 0.2%, the first decline since March after winning 0.1% in November, the Commerce Department’s Census Bureau said Friday. The economists voted by Reuters had no forecast of inventory, a key component of gross domestic product. Inventory increased 2.0% year-on-year in December. Inventory is the most volatile component of GDP. Private inventory investments were a major resistance to GDP in the fourth quarter, limiting economic growth to an annual rate of 2.3%. The economy grew at a 3.1%…

Douglas Gillison, Nupur Anand, Pete Schroeder, Isla Vinnie (Reuters) – CEO Jamie Dimon suddenly halted his work at the Consumer Financial Protection Bureau (CFPB) at JPMorgan Town Hall meeting Wednesday, and questioned that its existence was good news for the industry We were asked if the decision was good news. Dimon told employees that when “policies flip back and forth”, it was difficult for banks, and that it was difficult for banks who preferred a consistent policy. The CFPB had some excellent consumer protection regulations, especially in areas like Payday lenders, which has not been reported previously, according to records…

By Lucia Mutikani Washington (Reuters) -The US inflation has increased the most in the eight months of December, among the robust consumer spending on products and services. A report from the Ministry of Commerce on Friday has shown a little profit every month, excluding volatile food and energy components, but the so -called core inflation has not slowed down since October. The excavation stagnated in the fourth quarter. The US Central Bank has not been changed for the first time on Wednesday since the policy easing cycle was launched in September. The policy statement accompanied by the decision did not…

Mimosa Spencer and Danilo Mesoni LVMH’s Paris (Reuters) -Share is the largest on Wednesday 14 months after the latest sales of the luxury groups have disappointed investors who want a strong rebound in the sector Bellweather. The decrease was proceeding smoothly. Louis Vuitton Fashion and Bulgari Jewelry have reported that the sales in the fourth quarter have increased by 1 % and have broken the estimation. However, the margin is overwhelmed by higher costs, and management quotes one -time events, such as an increase in staff costs related to the Paris 2024 Olympics and the stock scheme of employees. The…

MILAN (Reuters) – Mediobanca’s board will meet on Tuesday to discuss a bid by state-backed Monte dei Paschi di Siena (MPS) to become an Italian commercial bank. A person familiar with the matter said. On Friday, MPS joined the wave of consolidation sweeping Italy’s banking industry with a 13.3 billion euro ($13.96 billion) all-stock offer to acquire Mediobanca, a move welcomed by the Italian government but List and investors were confused. Mediobanca CEO Alberto Nagel said in a letter sent to employees on Saturday, seen by Reuters, that the MPS proposal has not been agreed with the bank and that…

by Nell Mackenzie LONDON (Reuters) – Hedge funds are growing optimistic about European companies that sell things people want but don’t necessarily need, according to a Goldman Sachs note on Wednesday seen by Reuters on Thursday. European consumer discretionary stocks such as household appliances, luxury items and leisure triggered fresh buying into hedge funds. But they sold short stocks that were exposed to President Donald Trump’s potential tariffs, the memo said. “As the tariff landscape evolves, hedge funds are increasingly shortening tariff-exposed names,” the memo said. Disclosed short positions in the Italian spirits group have reached an all-time high, according…