Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo shares popped Tuesday after Elliott Investment Management took a significant stake as the activist investor sees a “rare” and “historic” opportunity for a turnaround in the iconic soft drink giant. Shares of PepsiCo climbed about 4%…
Check out the companies making the biggest moves in premarket trading: PepsiCo — The snack and beverage giant rose nearly 6% after The Wall Street Journal reported, citing sources, that activist Elliott Management had taken a $4 billion stake in the company. Kraft Heinz — The company confirmed earlier reports that it would split up…
Sports club Suzhou Shishan opened the Chinese city’s first pickleball court in January 2024, according to the company. Suzhou Shishan BEIJING — While the U.S. pickleball craze is still going strong, China’s is only just getting started. Online sales of pickleball paddles and related equipment in China have skyrocketed this year to an average of…
Chinese President Xi Jinping delivers his opening remarks at the Shanghai Cooperation Organization Summit in Tianjin on Sept. 1, 2025. Evelyn Cheng TIANJIN, China — Chinese President Xi Jinping on Monday called for members of the Shanghai Cooperation Organization to strengthen artificial intelligence cooperation, while rejecting what he called a “Cold War mentality.” Xi was…
One Chinese property company is not only defying the market slump but also returning money to shareholders. U.S.-listed KE Holdings is “in a league of its own,” Barclays analysts said in a Wednesday report. KE, which trades under the ticker “BEKE,” runs one of the largest real estate brokerages in China for rentals and home…
President Trump’s efforts to fire Federal Reserve Governor Lisa Cook could jeopardize the central bank’s independence, according to longtime investor Rebecca Patterson. “We shouldn’t ignore this at all. This is a big deal what’s going on,” the former Bridgewater Associates chief investment strategist told CNBC’s “Fast Money” this week. Patterson, now a senior fellow at…
US President Donald Trump speaks during a meeting with Ukrainian President Volodymyr Zelenskyy and European leaders in the East Room of the White House in Washington, DC, on August 18, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump’s effort to sack Federal Reserve Governor Lisa Cook is about more than firing someone:…
Check out the companies making the biggest moves midday: Petco Health & Wellness — The pet store and veterinary services provider surged 22% after raising its full-year adjusted EBITDA guidance. Second-quarter earnings per share topped analyst consensus estimates as compiled by FactSet. Celsius — Shares gained more than 4% after PepsiCo upped its stake in…
Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. A trio of central bank decisions this week sent a clear message to markets that officials are preparing to loosen monetary policy, reigniting investor appetite for risk. Bloomberg | Bloomberg | Getty Images…
Check out the companies making headlines before the bell : Alibaba — Chinese e-ecommerce giant saw shares rising more than 3% after The Wall Street Journal reported that the firm has created a more advanced chip as it looks to fill the gap left by Nvidia running into issues around selling its chips in China. Nvidia shares…