PepsiCo Inc (PEP.O) raised its annual forecasts on Tuesday after price hikes undertaken to offset higher costs and steady demand helped the soda and snack giant beat first-quarter results. The results pointed to a resilient consumer and followed similar quarterly performances by rival Coca-Cola (KO.N) and Nestle (NESN.S). PepsiCo’s shares rose 2% in early trading….
First Republic Bank (FRC) is teetering on the brink of collapse as shares fell to new all-time lows on reports the federal government and the nation’s biggest banks are reluctant to put together a rescue package. The beleaguered lender reported deposit outflows of more than $100 billion in the first quarter, or 40% of the…
A new study conducted by finance professors from the University of Florida shows the potential value of ChatGPT in predicting stock market movements. In the study, over 50,000 news headlines about companies dating back to October 2021 were fed to the chatbot, which evaluated whether the news was good, bad or irrelevant to the company’s…
Things seemingly went from bad to worse for Frank founder Charlie Javice, who pulled millions out of JPMorgan Chase after the institution fired her for alleged fraud, only to find her new lender caught in a bank run. Javice pulled her funds out of JPMorgan Chase after the institution accused her of falsifying customer data…
A United States Central District Court in California has sentenced alleged Nigerian cyber fraudster, Ramon Abbas popularly known as Hushpuppi to 11 years imprisonment for cyber fraud. As reported by Leadership, Hushpuppi, who had already spent two years in prison, is now expected to spend nine more years behind bars in the US. The controversial…
