Article
"Results Were Tempered": Pepsi Blames US Snack Slump On Cash-Strapped Consumers
"Results Were Tempered": Pepsi Blames US Snack Slump On Cash-Strapped Consumers
PepsiCo blamed the second-quarter slowdown in its North American food unit on consumers tightening their belts. The period was marked by elevated pump prices tied to the US-Iran war, a squeeze that hit lower-income households the hardest and weighed on discretionary snack and beverage purchases.
Revenue in the company's North American food unit fell 2%, while volumes remained flat, even as the junk food giant slashed prices on some of its brands by as much as 15% earlier this year...
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May 18, 2026 / Tyler Durden
Oil Rebounds After Iranian Denial: Will 'Under No Circumstances' Give Up Nuclear Program To End War
Oil Rebounds After Iranian Denial: Will 'Under No Circumstances' Give Up Nuclear Program To End War
Summary
Trump calls for Iran's total military surrender in Monday morning Truth Social post.
Oil rebounds on Tasnim reporting Iranian denial: Tehran "under no circumstances" will negotiate nuclear issue as part of an end to the war.
A flurry of (the somewhat typically-timed) Monday opener headlines have pushed oil prices lower, erasing weekend gains, including Al Arabia reporting that Iran is ready to accept a long-term nuclear freeze, instead of full dismantling.
Iran has submitted its latest proposal...
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May 22, 2026 / Jason Ditz
Israeli Strikes On Southern Lebanon Kill 10, Including Six Paramedics
Lebanon’s Health Ministry has reported at least 10 people killed today in a flurry of Israeli airstrikes in the south of the country. At least six of the slain were reportedly paramedics and one was a Syrian child. The larger of the two strikes targeted the Shi’ite village of Deir Qanun. Six people were killed […]
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Aug 3, 2026 / Tyler Durden
Washington State Wildfires Trigger Mass Evacuations, Emergency Declaration
Washington State Wildfires Trigger Mass Evacuations, Emergency Declaration
Thousands of people in Spokane County, Washington, have been evacuated as parts of the city of Spokane are under a “Leave Immediately” emergency as three wildland fires forced evacuations.
Spokane County Emergency Management describes the emergency as “Level 3: Go, Leave Now, Leave Immediately!”
Officials said 60,000 people within Spokane city limits have been evacuated. Spokane County Fire District 3 Fire Chief Cody Rohrbach said 640 structures were destroyed in the Old Trails Fire alone.
The county website states:
“There is an immediate threat to...
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