1h ago
PepsiCo to raise prices on Doritos, Ruffles and SunChips by single-digit percentages
PepsiCo is increasing prices on snacks including Doritos, Ruffles and SunChips, citing higher costs for fuel, aluminum and agricultural supplies, with hikes in the single-digit percentage range. The move comes just months after the company cut prices in February to win back consumers strained by inflation. Frito-Lay snack volumes were flat year over year, while beverage volumes fell 2%, suggesting demand has not rebounded as quickly as expected.
1h ago
1h ago
Ethereum slides 10% in three days as Binance ETH reserves drop to 3.47 million
Ethereum has fallen 10% over the past three days alongside a broader market pullback, cutting more than $38 billion from its market capitalization. On-chain data show Binance’s ETH reserves continue to decline, dropping from around 3.92 million in August to 3.47 million now, a decrease of nearly 11.5%. On October 6, the exchange logged more than 320,000 ETH withdrawal transactions in a single day, a record high. ETH’s RSI has slipped to around 23 as the token tests support at the lower boundary of a rising channel.
ETH
ETH-2.18%
1h ago
2h ago
OpenAI pegs annualized revenue at $50 billion as market questions $850 billion-plus valuation
OpenAI disclosed that annualized revenue reached $50 billion at the end of September, well below the $68 billion figure widely reported previously, reigniting scrutiny of its valuation above $850 billion. CEO Sam Altman confirmed the company will not pursue an IPO this year, leaving it under pressure to back up its lofty valuation. Separately, rival Anthropic is reported to be seeking a $2 trillion valuation for a Nasdaq listing.
2h ago