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"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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Aug 4, 2026 / Tyler Durden
Oil Slides As Qatar Floats New Iran Deal, Bessent Promises Hormuz Breakthrough: 'May Have Deal Tomorrow'
Oil Slides As Qatar Floats New Iran Deal, Bessent Promises Hormuz Breakthrough: 'May Have Deal Tomorrow' Another fake ceasefire in progress? Or are we to believe it's for real this time? There's nothing on the ground-level at all that currently suggests the warring sides are imminently about to agree to a new ceasefire, or are so much as back at the negotiating table. And yet Tuesday morning headlines are now being driven by a Qatari Foreign Ministry statement saying that "language" for a possible US-Iran resolution "has been drafted" and "is being circulated...
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Sep 7, 2026 / Tyler Durden
Huawei Crashes Apple's Big Launch Week With $3,000 Trifold Smartphone
Huawei Crashes Apple's Big Launch Week With $3,000 Trifold Smartphone Two days before Apple's big launch event on Wednesday, when the company is expected to debut its long-awaited foldable iPhone, Huawei Technologies and Xiaomi are unveiling their premium foldable smartphones. Huawei on Monday unveiled its Mate XT 2, a trifold smartphone that unfolds into a 10.2-inch tablet. The starting price is $2,980, representing a 10% increase over its predecessor. First unboxing of Huawei’s $3,000 Mate XT2 The second-gen tri-fold that turns into a 10.2 inch tablet pic.twitter.com/xDET4qM296 — ViralRush ⚡ (@ViralRushX) September 7, 2026 Yu...
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Mar 26, 2026 / Tyler Durden
Stocks, Bonds Slide As Ceasefire Hopes Fade
Stocks, Bonds Slide As Ceasefire Hopes Fade It's Day 27 of the war: stocks and bonds fell globally as ceasefire optimism fades given mixed messages on progress toward ending the war in Iran and growing uncertainty over Iran’s willingness to engage in talks about a ceasefire in the Middle East sent oil prices higher. Futures gapped lower just after 5am ET, when Axios reported that the Pentagon is developing military options for a “final blow” in Iran that could include ground troops.  Trump urged Iran “to get serious” before it was too late...
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