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☆ PepsiCo Raises Prices, Lifts Sales Views Again
▼ + stars: | 2022-10-12 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Prices for PepsiCo snacks and drinks are going up further. The company has already pushed prices higher in the latest quarter, Chief Financial Officer Hugh Johnston said Wednesday, and was prepared to lift them more if costs escalate.

☆ PepsiCo’s Higher Prices for Soda and Snacks Test Consumers’ Resolve
▼ + stars: | 2022-10-12 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

PepsiCo raised prices on its snacks and drinks by 17% on average from last year. Makers of consumer goods are watching to see whether they can do the same without people slamming the brakes on purchases. Food and beverage companies have been under pressure to raise prices to pass off higher costs for everything from raw materials to labor. In the U.S., food inflation is at the highest level in 40 years, with grocery prices up 13.5% in August compared with a year earlier, according to the latest data from the Labor Department.

☆ Microsoft launches Designer, its answer to highly valued startup Canva
▼ + stars: | 2022-10-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Microsoft is launching a simple graphic design app called Designer that will be available for free and as part of Office productivity software subscriptions, the company said Wednesday. Microsoft has sought to demonstrate the value of Office subscriptions by adding new capabilities, and earlier this year it raised the prices of some bundles aimed at businesses. With its Designer app, Microsoft is initially aiming at consumers, a spokesperson told CNBC in an email. The launch of Designer might also make Microsoft bump up against Adobe , which fields the free Adobe Express tool that features templates and stock images. Once the app becomes generally available, Microsoft will maintain a free tier, along with a premium version for those with Microsoft 365 Personal and Microsoft 365 Family subscriptions, the spokesperson said.

☆ Morning Bid: Confusion reigns
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +4 min

Then BoE chief Andrew Bailey said late Tuesday: "You've got three days left now. You've got to get this done" - even as the Financial Times reported the central bank might extend the support. The tension built with Britain's economy looking set to go into recession as data showed it unexpectedly shrank in August. "The worst is yet to come, and for many people, 2023 will feel like a recession," said IMF chief economist Pierre-Olivier Gourinchas. * G20 finance ministers and central bankers meet at annual IMF/World Bank meeting in Washington* Bank of England Financial Policy Committee publishes summary of latest meeting.

☆ Jim Cramer says these 14 stocks are ‘about to pop’
▼ + stars: | 2022-10-12 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday offered investors a list of stocks that he believes could bounce soon. "The S&P [500]'s down almost 25% for the year, and we've gone eleven months since the bear market began. The average bear market only lasts for about 13 months. To come up with the companies, he reviewed the S&P 500's new 52-week low list. Cramer said that despite the market's downturn, PepsiCo 's revenue and earnings beat for its latest quarter reported Wednesday proves that beaten-down stocks of exceptional companies can bounce.

☆ Stocks making the biggest moves premarket: PepsiCo, Intel, Philips and more
▼ + stars: | 2022-10-12 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Intel (INTC) – Intel added 1% in premarket trading following a Bloomberg report that the chip maker was planning to cut thousands of jobs to deal with a slumping personal computer market. Philips (PHG) – Philips shares slumped 8.1% in the premarket after the Dutch health technology company said its third-quarter core profit would be down about 60% from a year ago. Diamondback Energy (FANG) – Diamondback Energy announced a deal to buy energy producer FireBird Energy for $1.6 billion in cash and stock. El Pollo Loco (LOCO) – El Pollo Loco shares rallied 15.2% in premarket action after the restaurant operator announced a $1.50 per share special dividend and a stock repurchase program worth up to $20 million. Lyft (LYFT) – Lyft gained 4.3% in the premarket after Gordon Haskett upgraded the stock to buy from hold.

☆ September's producer price index is just 'plain bad,' says Jim Cramer
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeptember's producer price index is just 'plain bad,' says Jim Cramer'Mad Money' host Jim Cramer joins 'Squawk Box' ahead of the open on Wednesday to react to September's key producer price index report and PepsiCo earnings.

☆ Here's the outlook for corporate financial results as the worsening global economy is poised to lift the US dollar higher
▼ + stars: | 2022-10-12 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Good morning, this is Jason Ma and today's edition highlights the outlook for corporate financial results as the US dollar rises. Here's what a strong dollar means for stocks as earnings season heats up. If the reading tops 8.3%, then expect the stock market to sell off by 5%, the bank's trading desk said. But readings below 8.1% could spark some big gains for the stock market. How has the strong dollar affected your portfolio?

☆ PepsiCo hikes forecast after third-quarter earnings, revenue top expectations
▼ + stars: | 2022-10-12 | by ( Jack Stebbins | ) www.cnbc.com time to read: +1 min

PepsiCo hiked its forecast for the year Wednesday morning after reporting third-quarter earnings and revenue that beat analyst expectations. Revenue: $21.97 billion vs. $20.84 billion expected. For its Frito-Lay North America division, the company said revenue rose 20% in the quarter despite a dip in volume. PepsiCo Beverages North America's revenue increased 4% on slightly higher volume. Total revenue rose to $21.97 billion, up 9% from $20.19 billion a year ago.

☆ PepsiCo rides on price increases to raise annual forecasts
▼ + stars: | 2022-10-12 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - PepsiCo Inc (PEP.O) on Wednesday lifted its annual forecasts for revenue and profit as the soda and snack giant raised prices again to battle surging costs while also signaling resilient consumer demand. The price mark-ups helped revenue rise across all segments, especially in its biggest two divisions of North America beverage and Frito-Lay. The company raised its 2022 organic revenue forecast for a third time this year and now expects it to rise 12%, compared to a prior forecast of a 10% increase. For the quarter, the company earned a better-than-expected profit of $1.97 per share on revenue of about $22 billion. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ PepsiCo raises forecast after Q3 earnings beat Wall Street's expectations
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPepsiCo raises forecast after Q3 earnings beat Wall Street's expectationsHugh Johnston, vice chairman and CFO of PepsiCo, joins CNBC's 'Squawk Box' to break down the company's third-quarter earnings report and raised full-year forecast.

☆ What Cramer is watching Wednesday — more hot inflation, PepsiCo strong, drug stocks mixed
▼ + stars: | 2022-10-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Raymond James lowers price target on Club holding Procter & Gamble (PG) to $155 per share from $175; keeps outperform (buy) rating). Stanley Black & Decker (SWK) downgraded to equal weight from overweight (hold from buy) at Morgan Stanley. Piper Sandler cuts Yeti (YETI) price target to $48 per share from $76 but keeps overweight (buy) rating. Deutsche Bank lowers price targets on all asset gatherers: BlackRock (BLK), Blackstone (BX) and KKR (KKR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. read morePersistent inflation has increased concerns about the Fed's aggressive monetary action tipping the world's largest economy into a recession. That's what the Fed has been looking at and that's why they're raising rates the way they are. Declining issues outnumbered advancers for a 1.74-to-1 ratio on the NYSE and for a 1.47-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and 41 new lows, while the Nasdaq recorded 7 new highs and 201 new lows.

☆ Stocks making the biggest moves midday: Moderna, Pepsi, Lyft and more
▼ + stars: | 2022-10-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Pepsi products are displayed for sale in a Target store on March 8, 2022 in Los Angeles, California. Check out the companies making the biggest moves midday Wednesday:Moderna — Shares of Moderna surged 10% after the drug maker announced it will partner with Merck to jointly develop and sell a cancer vaccine. It reported preliminary month-end assets under management of $1.23 trillion as of Sept. 30. Pepsi also raised its guidance for the year as it was able to successfully raise prices on its products. Lyft — Lyft shares gained 5.8% following an upgrade from Gordon Haskett to buy from hold.

☆ 3 takeaways from our daily meeting: Wall Street's bounce, small buy, reviewing analyst notes
▼ + stars: | 2022-10-12 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. LVMH also owns Sephora, which carries prestige beauty brands like Estee Lauder, which is another good sign for the Club stock. Quick mentions: PG, PXD, AMZN Atlantic Equities upgraded Kimberly Clark, the maker of Huggies and Kleenex, to overweight. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ As the 3rd-quarter reporting season begins, markets are bracing for signs of a recession that could send stocks into a deeper bear market
▼ + stars: | 2022-10-11 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

The Fed's aggressive tightening is setting off more warnings about a recession and fallout for the stock market. Ahead of JPMorgan's quarterly report, CEO Jamie Dimon said the economy is on the verge of a recession, and the stock market could fall another 20%. But most importantly, it's Russia's war against Ukraine that is most unsettling to markets and poses a great risk. Meanwhile, billionaire hedge fund manager Paul Tudor Jones said a "recession playbook" could see stocks fall 10% further. PayPal stock fell after a botched roll-out of an acceptable use policy update that included big fines for the promotion of misinformation.

☆ Stock futures rise slightly ahead of key inflation data, Fed minutes
▼ + stars: | 2022-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures ticked higher Tuesday night as investors awaited the latest inflation numbers and the minutes from the Federal Reserve's latest meeting. S&P 500 futures and Nasdaq 100 futures were each up about 0.2%. The moves came after the S&P 500 and Nasdaq Composite fell 0.65% and 1.1%, respectively, to post their fifth straight day of declines. Bank earnings will kick off later in the week. Despite lower expectations, S&P 500 earnings are still expected to grow.

☆ Nasdaq closes at 2-year low on Monday, hurt by slumping chip stocks
▼ + stars: | 2022-10-10 | by ( Carmen Reinicke | Alex Harring | ) www.nbcnews.com time to read: +5 min

Stocks closed lower on Monday with the Nasdaq Composite index falling to the lowest level in two years as tech shares continue to be the hardest hit in this bear market because of spiking interest rates. The Nasdaq Composite closed 1.04% lower at 10,542.10, hitting its lowest close since July 2020, weighed down by a slump in semiconductor stocks such as Nvidia and AMD. September Producer Price Index data comes Wednesday and Consumer Price Index data is scheduled for Thursday. The Nasdaq Composite closed 1.04% lower at 10,542.10, hitting its lowest close since July 2020, weighed down by a slump in semiconductor stocks such as Nvidia and AMD. September Producer Price Index data comes Wednesday and Consumer Price report is scheduled for Thursday.

Companies Holding Company ADMIE IPTO SA FollowATHENS, Oct 10 (Reuters) - Power generation from renewables fully covered Greece's electricity demand over a few hours last week, for the first time in the history of the country's electricity system, its independent power transmission operator IPTO said. IPTO said on Monday that renewables accounted for 100% of the power generation for at least five hours last Friday, reaching a record high of 3,106 megawatt hours at 0800 GMT. "Record of optimism for the country's transition to clean energy, weaning off fossil fuels & ensuring our energy sufficiency," Green Tank tweeted. It plans to have 25 gigawatt of installed renewable energy capacity from about 10 gigawatt now but analysts say Athens might reach that target sooner. IPTO has been investing in expanding the country's power grid to boost power capacity and facilitate the penetration of solar, wind and hydroelectric energy.

☆ Canadian hamlet unveils 17-foot Cheeto dust statue
▼ + stars: | 2022-10-09 | by ( Zoe Sottile | ) edition.cnn.com time to read: +1 min

CNN —The bright orange, sticky residue that Cheetos leave on your fingertips has now been immortalized – by a 17-foot statue in Alberta, Canada. The Cheetos brand erected the statue of a hand holding a massive Cheeto, complete with orange fingertips, in Cheadle, Alberta. The community was chosen because of its name’s similarity to “cheetle,” the company’s official name for Cheeto dust, according to a news release from Cheetos. But the unique piece of art won’t stay in Cheadle forever, according to the news release. Its population is tiny: just 83 people lived there in 2021, according to Canada’s census for that year.

Stocks fell Monday morning as a change to U.S. export policy hit semiconductor stocks. The Nasdaq Composite fell 0.84%, hitting a new two-year low, weighed down by a slump in semiconductor stocks such as Marvell Technology and Applied Materials, which both shed more than 5%. The S&P 500 also fell, dragged down by semi stocks and dips in major tech names Apple and Microsoft. New monthly Producer Price Index data comes Wednesday,Consumer Price Index data comes Thursday and retail sales will be released Friday. Still, the Dow, S&P 500 and Nasdaq had the first positive week in the last four.

☆ Elon Musk announces Tesla Semi production after Twitter deal returns
▼ + stars: | 2022-10-07 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Tesla CEO Elon Musk said Thursday that production of its Semi truck has begun, and deliveries to one customer, Pepsi, will occur in December. Tesla first announced the Semi in November 2017 and production was said to begin in 2019. Musk, the world’s richest man, has sold about $15 billion in Tesla stock this year, but it’s still not clear if Musk has sufficient liquid funds to close the Twitter deal. Musk, who has received commitments for debt and equity financing, may need to sell additional shares of Tesla to finance the purchase. Tesla shares fell roughly 5% in trading Friday morning.

☆ Cramer’s week ahead: ‘I am urging you not to be a hero’ while the Fed battles inflation
▼ + stars: | 2022-10-07 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Wednesday: PepsiCoQ3 2022 earnings release at 6 a.m. Thursday: Delta Airlines, Walgreens Boots Alliance, Domino's Pizza, BlackRockDelta Air LinesQ3 2022 earnings release at 6:30 a.m. BlackRockQ3 2022 earnings release at 6:15 a.m. Friday: JPMorgan Chase, Wells Fargo, Morgan Stanley, UnitedHealth GroupJPMorgan ChaseQ3 2022 earnings release at 7 a.m. UnitedHealth GroupQ3 2022 earnings release at 5:55 a.m.

WASHINGTON, Sept 29 (Reuters) - The Federal Reserve announced Thursday that six of the nation's largest banks would participate in a pilot climate scenario analysis exercise in 2023. In its announcement, the Fed emphasized the pilot exercise will be strictly for information-gathering purposes, calling it "exploratory in nature." Fed Vice Chair for Supervision Michael Barr said earlier this month the central bank has an "important, but narrow" mandate to police climate risks for banks. The Fed will provide "climate scenario narratives," which banks will use to analyze the impact on their portfolios and business strategies. The Fed will then review those findings with the firms to help them build up their ability to manage climate-related risks.

Companies Xcel Energy Inc FollowSept 29 (Reuters) - More big U.S. companies have tied their CEO pay to climate goals but few give executives much incentive to make significant emissions cuts, a new study shows. Only four other companies tied their executive pay to climate metrics, though they were not as strict about reducing emissions, As You Sow found. Register now for FREE unlimited access to Reuters.com RegisterSome companies may only be trying to look good to investors with vague wording in securities filings about making progress toward cutting emissions, study authors said. As You Sow's study examined all the 47 U.S. companies targeted by the Climate Action 100+ global investor initiative to reduce industrial greenhouse gas emissions. Among the 47, more than half did not directly tie their pay to climate actions, the study shows.

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