The 'Pindia Challenge': A Stark Warning To The West

"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...

Slower EV Sales Will Be The "New Normal" For Tesla Amidst AI, Robotics Push Tesla Inc. is increasingly betting its future on AI, autonomy and robotics — but it still depends on selling cars to finance that shift, and that core business is under pressure, Bloomberg reported this week.  Wall Street estimates point to roughly 372,160 vehicle deliveries last quarter. That would mark an 11% increase from a weak year-ago period, yet still place among Tesla’s softer recent results and far below its near-500,000 peak quarters. Earlier headwinds — including political...

US Navy Live-Fire Tests Drone Sailboat With Missile Launcher Once known primarily for capturing dramatic footage from inside hurricanes and tropical storms during the Atlantic hurricane season, Saildrone's autonomous surface vessels have evolved into dual-use platforms that recently demonstrated the ability to deploy Joint Air-to-Ground Missiles (JAGM). California-based Saildrone revealed in a press release that its unmanned surface vehicle (USV) launched two Lockheed Martin JAGM missiles for the first time during the Rim of the Pacific exercise off Hawaii. According to Saildrone, the 20-meter Surveyor drone participated in the live-fire exercise...