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Yahoo
27 minutes ago
- Yahoo
PepsiCo Announces Timing and Availability of Third-Quarter 2025 Financial Results
PURCHASE, N.Y., Aug. 15, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that it will issue its third-quarter 2025 (ending September 6) financial results and other related information on Thursday, October 9, 2025 by posting the following materials and links on the company's website at Press release and 10-Q at approximately 6:00 a.m. EDT Prepared management remarks (in PDF format) at approximately 6:30 a.m. EDT Live question and answer session for analysts with Ramon Laguarta, Chairman and Chief Executive Officer, and Jamie Caulfield, EVP and Chief Financial Officer at 8:15 a.m. EDT About PepsiCo PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $92 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo. Contacts: Investors Media ir@ pepsicomediarelations@ View original content to download multimedia: SOURCE PepsiCo, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
Stock market today: Dow, S&P 500 futures rise as investors await retail data after rate-cut bets cool
US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes and awaited July's retail sales report. Traders were also awaiting Friday's meeting between President Trump and Vladimir Putin, looking for clues on how the outcome could steer markets. Futures attached to the Dow Jones Industrial Average (YM=F) rose around 0.6%, with the index's first record since December in sight again. Futures attached to the benchmark S&P 500 (ES=F) rose 0.1%, and futures attached to the tech-heavy Nasdaq 100 (NQ=F) fell below the flatline. Major Dow component UnitedHealth (UNH) stock soared on Friday before the bell after a regulatory filing showed Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) bought 5 million shares in the company. Intel (INTC) shares also jumped premarket Friday on news that the US government is considering taking a stake in the company. President Trump met with Intel's CEO on Monday after calling on him to resign the previous week. And Applied Materials (AMAT) stock sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks. Stocks wobbled on Thursday, ending a two-day rally sparked by investor confidence that an interest rate cut in September was nearly certain. Doubts about a significant cut at the Fed's next policy meeting crept in after July's Producer Price Index (PPI) came in hotter than expected. On Friday, Wall Street will be watching the release of retail sales data. The results will offer clues as to whether Trump's tariffs are impacting consumer spending habits. The University of Michigan's consumer sentiment survey will also provide a glimpse of Americans' evolving views on the tariffs and the overall economy. Investors want rate cut 'validation,' but the Fed's dilemma won't go away Yahoo Finance's Hamza Shaban writes in today's Morning Brief: Read more here. Good morning. Here's what's happening today. Economic data: Retail sales (July); Export prices (July); Industrial production (July); University of Michigan consumer sentiment (August preliminary) Earnings: No notable earnings. Here are some of the biggest stories you may have missed overnight and early this morning: 'Striking while the iron is hot' Investors want rate cut 'validation,' but the Fed's dilemma remains Applied Materials' shares sink on weak China demand, tariff risks UnitedHealth jumps as Buffett's Berkshire buys 5M shares BofA's Hartnett sees profit-taking in stocks after Jackson Hole AI exacerbates tech divide with smaller stocks languishing A trader's guide to the Alaska talks between Trump and Putin China's economy slows in July on tariffs, weak property market Applied Materials' shares sink on weak China demand, tariff risks Shares in Applied Materials (AMAT) sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks. Reuters reports: Read more here. UnitedHealth stock soars as Buffett's Berkshire buys 5M shares UnitedHealth Group stock rose 12% before the bell on Friday after Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) acquired 5 million shares in the company. A regulatory filing showed the purchase on Thursday. Reuters reports: Read more here. Investors want rate cut 'validation,' but the Fed's dilemma won't go away Yahoo Finance's Hamza Shaban writes in today's Morning Brief: Read more here. Yahoo Finance's Hamza Shaban writes in today's Morning Brief: Read more here. Good morning. Here's what's happening today. Economic data: Retail sales (July); Export prices (July); Industrial production (July); University of Michigan consumer sentiment (August preliminary) Earnings: No notable earnings. Here are some of the biggest stories you may have missed overnight and early this morning: 'Striking while the iron is hot' Investors want rate cut 'validation,' but the Fed's dilemma remains Applied Materials' shares sink on weak China demand, tariff risks UnitedHealth jumps as Buffett's Berkshire buys 5M shares BofA's Hartnett sees profit-taking in stocks after Jackson Hole AI exacerbates tech divide with smaller stocks languishing A trader's guide to the Alaska talks between Trump and Putin China's economy slows in July on tariffs, weak property market Economic data: Retail sales (July); Export prices (July); Industrial production (July); University of Michigan consumer sentiment (August preliminary) Earnings: No notable earnings. Here are some of the biggest stories you may have missed overnight and early this morning: 'Striking while the iron is hot' Investors want rate cut 'validation,' but the Fed's dilemma remains Applied Materials' shares sink on weak China demand, tariff risks UnitedHealth jumps as Buffett's Berkshire buys 5M shares BofA's Hartnett sees profit-taking in stocks after Jackson Hole AI exacerbates tech divide with smaller stocks languishing A trader's guide to the Alaska talks between Trump and Putin China's economy slows in July on tariffs, weak property market Applied Materials' shares sink on weak China demand, tariff risks Shares in Applied Materials (AMAT) sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks. Reuters reports: Read more here. Shares in Applied Materials (AMAT) sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks. Reuters reports: Read more here. UnitedHealth stock soars as Buffett's Berkshire buys 5M shares UnitedHealth Group stock rose 12% before the bell on Friday after Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) acquired 5 million shares in the company. A regulatory filing showed the purchase on Thursday. Reuters reports: Read more here. UnitedHealth Group stock rose 12% before the bell on Friday after Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) acquired 5 million shares in the company. A regulatory filing showed the purchase on Thursday. Reuters reports: Read more here.
The Hill
28 minutes ago
- The Hill
Note to critics of the Trump tariffs: This is not the 1930s
You could practically hear the cheering on Thursday as critics of President Trump finally got what they've waited months for — some indication that tariffs might (finally!) drive prices higher. Yesterday's Producer Price Index report showed wholesale prices jumped 0.9 percent over the last month, the biggest gain since June 2022. It followed another benign Consumer Price Index report published earlier in the week, making it all the more surprising. But, more than three-quarters of the gain was driven by services price escalation; there was some rise in the cost of machinery and other end goods, but the impact from tariffs was inconclusive. Here's a fact: No one — not Fed Chairman Jay Powell, not Goldman Sachs' CEO David Solomon, not Paul Krugman, who predicted markets would collapse if Trump were elected in 2016, nor all the talking heads on Bloomberg and elsewhere who have blasted Trump's tariff regimen — has any idea how his upending of global trade terms will turn out. There has never been a country that dominated the global economy as the U.S. now does, nor has there ever been a president like Trump determined to take advantage of that clout. Many have compared his tariffs with the stiff duties imposed by the Smoot-Hawley Act of 1930, but there are huge differences between then and now, which may account for some of the unrelenting negativity about the president's program. Today, unlike then, the U.S. is the essential nation for producers of consumer goods. Americans spent $20 trillion last year, compared to $10 trillion by residents of the European Union and $8 trillion by Chinese citizens. Though the U.S. accounted for a larger share of global GDP in 1930 than it does today (35 percent vs. 26 percent), we were not the primary buyer of other countries' goods. In fact, in 1930, the U.S. enjoyed a trade surplus; last year, the U.S. had a net goods trade deficit of $1.2 trillion and an overall (including services) trade deficit of $918 billion — a record. Consequently, we have not seen countries retaliate against the tariffs imposed by the president as they did in the 1930s. The Smoot-Hawley tariffs averaged 59.1 percent on some 20,000 different categories of goods. In response, as the Foundation for Economic Education recalls, 'An outraged Canada slammed tariffs on goods that accounted for 30 per cent of American exports. France, Germany and the British Empire followed suit, either turning to alternative markets or developing substitute manufacturing that would replace goods previously acquired from America — or elsewhere, since many other countries were erecting wall-of-death tariffs.' This time, at least so far, there has been remarkably little of that retaliatory tit-for-tat. Some countries best positioned to punch back, like Canada, whose economy is inextricably integrated with that of its southern neighbor, have backed off threats to do so. Three-quarters of Canada's exports are to the U.S., and exports account for a hefty 34 percent of the country's GDP. A recent threat to slap U.S. tech companies with a heavy new tax vanished as Canadian officials tread carefully, hoping to eliminate the 35 percent tariff on Canadian imports not covered by the USMCA trade agreement, as well as a 50 percent tax on aluminum and steel imported from Canada. Otherwise, China is the most obvious hold-out to Trump's tariff regimen. Because of its grip on rare earths that are essential to U.S. manufacturers, and because it supplies a huge amount of cheap goods to American consumers, Beijing has serious leverage over the United States. Like Trump, they are willing to use it. Still, China's economy is struggling and President Xi Jinping must know that playing hardball with Trump will eventually be a losing game. 'Between 1929 and 1933,' the Foundation for Economic Education continues, 'U.S. imports collapsed by 66 per cent. Exports plummeted by 61 per cent. Total global trade fell by a similar amount.' Some consider the global depression responsible for much of the drop; others blame tariffs. Many economists and analysts today say that history should serve as a warning against the measures being enacted by Trump. The critics have relied too much on that historical comparison. In addition, political animus has driven liberal pundits to take (and promote) the darkest view imaginable about Trump's program. So far, most have been wrong. For months they predicted that tariffs placed on imports would drive inflation higher; they haven't. They predicted that the duties placed on imports would crush growth and lead to a recession. With consumer spending steadily advancing, according to credit card data, those dark days have yet to appear. Democrats are positively hoping for disaster. Trump ran on a platform of wrestling down Joe Biden's inflation; his adversaries are hoping he will fail, and they see tariffs as the likely agent of his failure. Bloomberg, MSNBC et the others have enthusiastically promoted the direst of predictions month after month, anticipating each new release of inflation data with the eagerness of kids waiting for Santa Claus. While glumly reporting month after month of weaker than expected inflation, the merchants of gloom inevitably add a '… yet.' They are positive that any minute now the tariff damage will blossom. They may be right; tariffs will almost surely boost prices, but the impact should be modest (after all, imports are only about 11 percent of our economy). At some point the pontificators will have to reassess their assumptions about how businesses and consumers will adapt to the higher duties. Many companies are scrambling to change their sourcing to avoid tariffs, and Americans are navigating around the price increases where possible. The end game for Trump is bringing more manufacturing to the U.S., beefing up industries essential to our security — like steel — and earning significant revenues as a valuable byproduct. How this all plays out is uncertain, but that Trump is committed to all three goals is not.
