1d ago
How Pepsi fell behind in the cola warsand then lost KFC
KFC’s switch to Coke is the latest sign of a decades-long slide, and PepsiCo’s CEO says fixing soda is now a priority.
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1d ago
'Core economic flaw' in the AI bull case surfaces as stock and bond trades unravel
Slok says 80% of the top 1% of AI spenders are backed by venture capital rather than organic earnings. That group is funded by investors rather than by profits it generates.
1d ago
France's latest debt warning lays bare a country where governance is breaking down
France's public debt has reached a record $4 trillion, or 119% of GDP — the highest ratio since the end of World War II. The 2027 budget has yet to pass amid political gridlock.
10-22
Meta revenue surges to $64.6 billion as settlements and soaring AI spending pressure profit
Meta's revenue rose 26% year over year to $64.6 billion, topping expectations. Net income came in at $9.9 billion. Operating margin, however, slipped to 20%.
10-21
SpaceX posts first operating profit as public company as AI revenue nearly triples to $7.6 billion
Computing leases, the Cursor acquisition, Grok, and reported deals with Anthropic and Google pushed AI revenue past Starlink for the first time as a public company
10-18
'France, truly, is on the brink' and days away from a makeorbreak moment in its debt crisis
"France could be forced to seek assistance from the International Monetary Fund and to pray for it from the European Central Bank — a humiliation for the world’s seventh-biggest economy."
10-17
The Iran war has cost the average U.S. household the equivalent of almost $2,000, top economist says
The tally includes $1,100 in higher energy prices, $540 in higher interest rates and $360 in military costs.
10-15
Goldman Sachs posted a $18.7 billion blowout quarter while JPMorgan and BofA fell short
JPMorgan announced its first earnings miss in almost three years, while Goldman delivered its second-highest quarterly net revenue to date. A $1.2 billion regulatory penalty weighed on Bank of America's already lackluster report.
10-15
Nvidia CEO Huang says society shouldn’t tolerate AI cyber incidents, says AI doomers ‘ought to stop working on’ the technology
The Nvidia CEO says AI agents can be contained and that the technology is “completely in our control,” as he tours Europe pitching open-source models.
