Category: Top Story

PepsiCo (NASDAQ:PEP) delivered stronger-than-expected third-quarter results on Wednesday, as the beverage and snack maker saw revenue growth pick up pace despite ongoing volume softness in its food segment. The company reported adjusted earnings per share of $2.29, surpassing analyst estimates of $2.26. Total revenue reached $23.94 billion, edging past the consensus forecast of $23.86 billion…

Costco (NASDAQ:COST) shares rose 1.3% in premarket trading on Thursday after the warehouse retailer reported September comparable sales growth that exceeded analyst expectations. The company credited its strong results to increased customer traffic and higher average spending per visit, highlighting steady consumer demand. Steven Zaccone, an analyst at Citi who maintains a neutral rating on…

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) posted a sharp year-on-year increase in September sales on Thursday, positioning the world’s largest contract chipmaker for a solid third quarter as artificial intelligence continues to drive global semiconductor demand. Revenue for the month reached T$330.98 billion ($10.84 billion), up 31.4% from a year earlier. While sales slipped 1.4% compared…

The U.S. dollar held firm on Thursday, supported by weakness in the euro and the yen, as investors navigated mounting political instability in Europe and Japan alongside an extended U.S. federal government shutdown. In Europe, attention returned to France’s political crisis after a brief focus on EU tariff discussions. French President Emmanuel Macron’s office confirmed…

National Highway Traffic Safety Administration (NHTSA) said Thursday it has opened a probe into 2.88 million Tesla (NASDAQ:TSLA) vehicles equipped with its Full Self-Driving (FSD) system, citing potential violations of traffic safety laws. The regulator explained that the FSD feature — intended as an advanced driver assistance system that still requires constant human attention —…

U.S.-listed rare earth producers jumped in premarket trading on Thursday after China unveiled fresh restrictions on the export of rare earth materials. Shares of Critical Metals (NASDAQ:CRML) rose 6.1%, MP Materials (NYSE:MP) gained 5.1%, and Energy Fuels Inc. (AMEX:UUUU) climbed 4.7% following the announcement from China’s Ministry of Commerce. Under the new rules, foreign exporters…

Warner Music Group (NASDAQ:WMG) is in advanced discussions with Netflix Inc (NASDAQ:NFLX) to develop multiple films and documentaries centered on the label’s artists and their music, according to Bloomberg. People familiar with the negotiations told Bloomberg that the two companies are close to finalizing an agreement. The potential deal marks a strategic shift for Warner,…

The U.S. government has approved several billion dollars’ worth of chip sales from NVIDIA Corporation (NASDAQ:NVDA) to the United Arab Emirates, according to Bloomberg. The decision ends months of uncertainty over whether the investment agreement with the Gulf nation would move forward. People familiar with the matter told Bloomberg that the United States Department of…

Gold prices edged down in early Asian trading on Thursday, pausing after a record-breaking rally, as the announcement of a ceasefire between Hamas and Israel reduced safe-haven flows. The precious metal, however, managed to stay comfortably above the symbolic $4,000 per ounce level. Investor sentiment remained supported by lingering worries over Japan’s fiscal stability, the…

Oil prices moved little on Thursday as investors balanced optimism over a ceasefire deal in Gaza — seen as a potential de-escalation in Middle East tensions — with concerns over stalled peace negotiations in Ukraine that could keep sanctions on Russia in place and cap its exports. By 06:29 GMT, Brent crude futures were up…