DIRS.INFO The most relevant business & tech news

☆ Meet the 'Russian James Bond' billionaire behind one of the most luxurious hotel brands in the world
▼ + stars: | 2024-07-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Vladislav Doronin is the founder of OKO Group and owner of the Aman luxury hotel group. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementReal estate billionaire Vladislav Doronin has built a hospitality empire beloved by celebrities and the ultrawealthy. Born in Russia, he moved to Switzerland in his 20s and got his start in business as a commodities trader. He built his real estate empire in Moscow before venturing abroad with the OKO Group in 2015.

Persons: Vladislav Doronin, Aman, Doronin, — Organizations: OKO Group, Service, Business Locations: Miami, Russia, Switzerland, Moscow

☆ Travel news: Pan Am will return to the skies in 2025
▼ + stars: | 2024-07-13 | by ( Lilit Marcus | ) edition.cnn.com time to read: +4 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. Now, there’s a chance to fly Pan Am again, provided you have deep pockets. Pan Am Brands, which owns the former airline’s licensing rights, will fly a special Pan Am-branded private jet on a 12-day trip from New York City in June 2025. But if you’d rather get out of the city, there’s no shortage of great things to do. Video Ad Feedback Here’s where you can snowshoe, hike an island, blow glass and shuck oysters – all in the same day 02:00 - Source: CNNAmerican spotlight: TacomaCNN Travel recently unveiled its top 10 best towns to visit for 2024.

Persons: there’s, Pan, Benoit Tessier, Roland Garros, CNN’s Richard Quest, Michel, Anthony Bourdain, Frank Herbert, Dale Chihuly, It’s, Lorena Sopêna, Silvio Berlusconi, Silkworm Organizations: CNN, France, Am Brands, Reuters, UNESCO, Saint, Pacific, Tacoma CNN Travel, Tacoma, Rainier, Europa Press, Locals Locations: Pacific Northwest, New York City, Bermuda, Lisbon, Marseille, London, Foynes, Ireland, Pan, Paris, France, of, Europe, Polynesia, Tacoma , Washington, Grit, ”, Barcelona, Spain, Swiss, Lauterbrunnen, Venice, Notting Hill, Milan, Harbin, China

☆ Wende Zomnir revolutionized makeup with Urban Decay. She's not done building her empire.
▼ + stars: | 2024-07-13 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

And Urban Decay was the first brand to have all recycled paper cartons," she told BI. "So it's not like Caliray's wellness and sustainability is a 180 departure from Urban Decay. Wende Zomnir at an Urban Decay party in 2018. Wende Zomnir CalirayStarting fresh with CalirayConceptualizing a new makeup brand with a California aesthetic was a no-brainer for Zomnir. While on the road promoting Urban Decay, she noticed that people asked her the same questions: What's California like?

Persons: I'm, Zomnir, she's, Calvin Klein, Elizabeth Arden skincare, Leo Burnett, Sandy Lerner, Lerner, she'd, Wende, Han Myung, Carol Hamilton, Tara Simon, Caliray's mascara, Caliray, There's, She's Organizations: Business, Leo, Leo Burnett Worldwide, Cisco Systems, Beauty Independent, Urban, Fast Company, BI Locations: New Jersey, she's, Newport Beach , California, It's, Texas, California, Sandy, L'Oréal, Sephora

☆ The $25 Trillion System of Retirement Savings Needs Fixing
▼ + stars: | 2024-07-13 | by ( Mark Miller | ) www.nytimes.com time to read: +1 min

Classic car aficionados recall their sleek, innovative designs, but the brands are also a reminder of another bygone era: the traditional defined benefit pension. Their pension plans were terminated, leaving thousands of workers without their expected benefits. That, along with other pension plan failures, prompted efforts to make retirement savings safer, culminating in federal legislation that has shaped much of the current retirement benefit landscape. The Employee Retirement Income Security Act, or ERISA, which was signed into law in 1974 by President Gerald R. Ford, marks its 50th anniversary this year. It also created the Pension Benefit Guaranty Corporation, a federally sponsored insurance fund that backstops failing pension plans.

Persons: Gerald R Organizations: Studebaker, Packard, Guaranty Corporation

☆ A dietitian wrote a book on how to make avoiding ultra-processed foods easy. Here's what she eats in a day.
▼ + stars: | 2024-07-13 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +6 min

Read previewRegistered dietitian Nichola Ludlam-Raine is on a mission to help people understand how to limit ultra-processed foods (UPF) while enjoying their lives. To help show how you can eat a predominantly non-UPF diet, Ludlam-Raine shared how she eats on an average day with BI. Sourdough toast is a versatile lunch baseFor lunch, Ludlam-Raine uses sourdough bread as a base, but makes sure to choose one that is genuine sourdough as opposed to "sourfaux." Sourdough bread should only feature flour, water, and salt on its ingredients list. She encourages people to eat unprocessed foods freely while being mindful of the sugar and fat content.

Persons: —, Ludlam, Raine, UPFs, it's, didn't, wouldn't, that's, Deliciously Ella Organizations: Service, Business, Ludlam Locations: Germany, Ludlam

☆ Rashida Jones followed her dad's advice not to 'wait in line' for a job. Career coaches say using family connections in the workplace is fine sometimes.
▼ + stars: | 2024-07-12 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

And then there's the resentment there too," Jones told InStyle. "But I think about it as, historically, people go into the family business more than they don't." Pulling your weight at workShould people be open about their family connections at work, then? "However, if you are involved in an objective recruitment process and keep talking about your family connections, it could be preserved that you are hoping for special treatment," she said. After all, family connections can only go so far.

Persons: —, Rashida Jones, she's, InStyle, Jones, Quincy Jones, Peggy Lipton, Hannah Salton, Salton, Allison Ching, Ching, Bernard Arnault's, Mukesh Ambani Organizations: Service, Business, Harvard, Hollywood, Reliance Industries Locations: Singapore

☆ Why do tennis players wear white?
▼ + stars: | 2024-07-12 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +10 min

A muse to the designer Jean Patou, Lenglen became tennis’ first fashion icon with her signature headscarf and then-shocking shorter hems. Anne White was banned from wearing a white catsuit at Wimbledon four decades before Serena Williams caused a stir with a similar cut at the French Open. Ian Kington/AFP/Getty ImagesAt the US, French and Australian Open, players have challenged definitions of what tennis clothes can be thanks to looser rules (subject to referee opinion). Though she cited its circulation benefits following a severe blood-clot scare with the birth of her child, the French Open said it would bar the style in the future. However, the Women’s Tennis Association formally allowed it, and Williams continued to wear versions of the bodysuit at the 2019 and 2021 Australian Opens, normalizing the agile and simplified cut for the tennis court.

Persons: Roger Federer’s, Serena Williams ’, Naomi Osaka, Robert Prange, Clive Brunskill, Kevin Jones, ”, “, Ben Rothenberg, Suzanne Lenglen, George Rinhart, Zendaya, Federer, Fred Perry, Elsa Schiaparelli, Lilí de, De, Jean Patou, Lenglen, Anne White, Serena Williams, Neville Marriner, Williams, wouldn't, Ian Kington, Serena, Venus’s lacy, Venus Williams, Matthew Stockman, ” James, Rothenberg, Fila, Bjorn Borg, Coco Gauff, Eloisa Lopez, Reuters Andre Agassi, Rebecca Naden, Andre Agassi, Jurij Rodionov, Sabine Lisicki, Men’s tenniswear, “ There’s Organizations: CNN, Wimbledon, Nike, Fashion Institute of Design &, Lacoste, Daily, Getty, Women’s Tennis Association, Sports, Reuters, “ Wimbledon Locations: Los Angeles, England, culottes, French, AFP

The best Samsung Galaxy Z Flip 6 cases shield the foldable against damage with attractive, versatile designs. Learn moreFAQsAdvertisementDoes the Samsung Galaxy Z Flip 6 need a case? Primarily, you want to ensure the case adequately protects the Galaxy Z Flip 6's hinge and body without breaking the bank. AdvertisementWill a Galaxy Z Flip 5 case fit a Galaxy Z Flip 6? Check our guide to the best Samsung Galaxy Z Fold 5 cases to equip the previous-generation model.

Persons: we've Organizations: Samsung, Business

☆ Snackers are tired of high prices
▼ + stars: | 2024-07-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Higher prices have gone too far even for salty snacks. PepsiCo’s snack unit Frito-Lay posted a dip in revenue in its second quarter Thursday after multiple quarters of price increases. While inflation has slowed down, American customers still haven’t recovered from higher prices in everyday categories like snacks. Certain products, like unsalted potato chips or tortilla chips, could see a “value reset” and have lower prices, Laguarta said. The company said it would offer broader price tiers, using its variety multipacks that are often cheaper per bag, as an example.

Persons: Lay, Joe Biden, “, Ramon Laguarta, Laguarta, ” Laguarta Organizations: New, New York CNN, CNN, Federal Reserve, PepsiCo, Frito Locations: New York

☆ Richard Edelman on the blurred line between brands and politics
▼ + stars: | 2024-07-12 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRichard Edelman on the blurred line between brands and politicsSpeaking to CNBC's Tania Bryer at the Cannes Lions International Festival of Creativity, Richard Edelman, CEO of the communications firm Edelman, discussed his global consultancy's trust barometer survey and the challenges facing brands in 2024.

Persons: Richard Edelman, CNBC's Tania Bryer, Edelman Organizations: Cannes Lions International, Creativity

☆ Antitrust Regulator Tells Chains: Back Off Your Franchisees
▼ + stars: | 2024-07-12 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

In the long-simmering conflict between franchisers and franchisees, the federal government has weighed in on behalf of the smaller guys. In a business relationship that has become fundamental to American commerce, franchisers — brands like McDonald’s and Jiffy Lube — license the right to operate their concept to individual entrepreneurs, who provide start-up capital and may own one location or many. On Friday, the Federal Trade Commission issued a policy statement and staff guidance that cautioned franchisers not to restrict their franchisees’ ability to speak to government officials or to tack on fees that weren’t disclosed in documents provided to prospective franchise buyers. In a news release, the commission said it was acting amid “growing concern about unfair and deceptive practices by franchisers — to ensure that the franchise business model remains a ladder of opportunity to owning a business for honest small business owners.”

Persons: franchisers, weren’t, franchisers —, ” Organizations: Federal Trade Commission

☆ Opinion: This film is chilling reminder of how ‘not sorry’ Louis C.K. is
▼ + stars: | 2024-07-12 | by ( Opinion Sara Stewart | ) edition.cnn.com time to read: +8 min

CNN —“Sorry/Not Sorry,” in theaters Friday, revisits the 2017 comedy-world firestorm involving five women’s accounts of sexual misconduct by comedian Louis C.K. only to be shut down; and Abby Schachner, a comic and writer who went public with her account of C.K. Then it was followed by C.K.’s Grammy-winning 2022 album “Sincerely Louis C.K.,” in which he joked about the behavior as a sexual hangup rather than abuse. “There are dozens of Russell Brands,” was the headline of one Guardian piece on female comics. I want a world where female comics have a workplace where they feel they’ll be supported — and, more importantly, employed — if they speak out about abuse.

Persons: Sara Stewart, CNN —, Louis C.K, ” Sara Stewart Todd Thompson, Caroline Suh, Cara Mones, Jen Kirkman, Megan Koester, Abby Schachner, Rolling, Suh, C.K, ’, it’s, Tig Notaro, Timm Sharp, Stephanie Allyne, Notaro, she’d, haven’t, they’re, …, Dave Chappelle, Olivia Cathcart, Maria Bamford, Bamford, Russell Brand, Brand, ” Organizations: CNN, New York Times, C.K, Toronto, Hollywood, New York, Paste Magazine, Russell Brands Locations: Pennsylvania, Mississippi

☆ Tech giants like YouTube and TikTok are trying to shake up affiliate marketing. Startup LTK shares its greatest weapon to fend them off.
▼ + stars: | 2024-07-12 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +5 min

Read previewCreator-commerce company LTK thinks platforms like YouTube and TikTok are at a major disadvantage as they push into affiliate marketing. These platforms are betting big on social shopping and have introduced a suite of in-app shopping tools and features for creators and customers. Now, the platform offers a variety of shopping tools, including an affiliate-marketing program that pays creators commissions for the sales they drive through clickable affiliate links. Still, Yazdian said creators want to have all their shopping links in one place. LTK also offers several tools tied to specific platforms to help creators move their followers to their LTK storefronts.

Persons: —, Allison Yazdian, LTK, Yazdian, It's, Instagram Organizations: Service, Business, US, YouTube, Target, Walmart Locations: Dallas, SoftBank

☆ Tractor Supply warned climate change and a lack of diversity would hurt business. Now it’s ignoring those risks
▼ + stars: | 2024-07-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Hal Lawton, the chief executive of the Brentwood, Tennessee-based company, had said these initiatives “make great business sense for Tractor Supply.”But Tractor Supply has decided that all of those risks are now worth ignoring. By walking away from diversity and climate goals, Tractor Supply has become the latest corporate giant to retreat from progressive initiatives it once promoted, joining Bud Light, Target and others. Tractor Supply declined to comment on these statements. Tractor Supply’s customer base has historically been primarily older men, who lean Republican, but Tractor Supply has increasingly tried to draw Millennials and women, who tend to favor Democrats. Tractor Supply’s reversal could hurt it with these customers, who could be crucial as the company’s historic base ages out of the market.

Persons: Hal Lawton, Bud, ”, Nooshin Warren, “ They’re, ” John Boyd, Steve Helber, Robby Starbuck, “, It’s, ” Boyd, Donald Trump, Joe Biden, ” Lawton, ” Eric Bloem, George Floyd, Bill Ackman, Elon Musk, They’ve, Chick, Bud Light, Jeff Chiu, Bud Light’s, influencer Dylan Mulvaney, CNN’s Eva Rothenberg Organizations: New, New York CNN, Tractor Supply, Supply, Human Rights, Bud Light, University of Arizona, National Black Farmers Association, AP Tractor Supply, Human, Tennessee’s, Congressional District, ”, Black Farmers Association, CNN, “, Tractor, Republican, Pew, Democratic, Disney, Nike, Anheuser, Busch InBev, Target Locations: New York, Brentwood , Tennessee, United States, America, Minneapolis

☆ Looking for dividend stocks? Here are Morgan Stanley's top Asia picks for the quarter
▼ + stars: | 2024-07-11 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The uncertainty has led Morgan Stanley to reiterate its recommendation to buy dividend stocks. The investment bank noted that the MSCI Asia Pacific ex-Japan High Dividend Index has slightly underperformed the MSCI Asia Pacific ex-Japan index in the second quarter of the year, albeit by only 0.34 percentage points. "We still prefer Dividend stocks given cautious risk sentiment in Asia/EM and see support in valuations for quality dividend stocks due to their defensiveness. Investor appetite on corporate reform and shareholder return theme in Asia/EM also remain high, which are likely to benefit dividend stocks." The company provides distillery services and Morgan Stanley sees it benefitting from "improving demand for high-end products and mid-market brands."

Persons: Morgan Stanley, Morgan, Wuliangye, — CNBC's Michael Bloom Organizations: Asia, UST, U.S . Treasury, Wuliangye Yibin Company, China's Shenzhen Stock Exchange, FTSE, G, Won, Korea Exchange, American Locations: Japan, Asia, Pacific, China, FTSE China, Korean, U.S

☆ Wall Street's renewed bullishness on Apple stock is all about the iPhone 16
▼ + stars: | 2024-07-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bank of America increased its price objective for Apple stock in a note on Thursday. The bank highlighted the next iPhone upgrade as the key to taking Apple stock higher. The AI system is known "Apple Intelligence," and can only be accessed on Apple models 15 and older. AdvertisementBut the iPhone 16's features aren't the only catalyst — there's pent up demand for a new model, Wedbush said, estimating that 270 million iPhone users have not upgraded their devices in four years. Preference for Apple increased above other smartphone brands.

Persons: —, Siri, BofA, Wedbush Organizations: Bank of America, Apple, Service, . Bank of America, Apple Intelligence, Wedbush Securities, Huawei Locations: China, Mar

Brands are "shifting from one-time, short-term partnerships to long-term, recurring partnerships," said Olivia McNaughten, senior director of product marketing and partnerships at the influencer firm Grin. Influencer marketing remains a bright spot in the creator industry, whereas companies in other categories have struggled to grow. Influencer marketing, by contrast, is humming along, with billions of dollars expected to pour into the category this year. Influencer marketing may also be outperforming other creator-economy businesses because it taps into an existing market rather than inventing something new. Goldman Sachs analysts forecasted in April 2023 that influencer marketing and creator advertising would help grow the creator economy to a $480 billion industry by 2027.

Persons: —, Olivia McNaughten, Grin, Fohr, Dollar Boy, it's, Lindsey Lugrin, Grace Murray Vazquez, Petit, they've, Ansley Williams, influencer, influencers, Williams, Lugrin, Goldman Sachs, Ed East, It's Organizations: Service, Business, Dollar, Voices, Cannes Lions, Southwest, Ogilvy North, YouTube Locations: London, Emarketer, South, Ogilvy North America

I grew up shopping the Nordstrom Anniversary Sale with my mom before spending nearly four years working as a sales associate between Nordstrom and Nordstrom Rack. This has given me a very clear sense of the Nordstrom Anniversary Sale bestsellers, what sells out first, and what gets returned. Now, I'm ready to share what's absolutely worth it and what you should skip from the Nordstrom Anniversary Sale. The Nordstrom Anniversary Sale is full of Gucci, Saint Laurent, Tom Ford, and Ray Bans sunnies galore. Here's when you can start shopping Nordstrom Anniversary Sale dates based on your Nordy Club status.

Persons: Nordstrom, Hanky, it's, Augustinus Bader, Dyson, Reiss, Max Mara, Vince, Veronica Beard, Les, Sam Edelman, Kate Spade, Rebecca Minkoff, Kurt Geiger, Saint Laurent, Tom Ford, Ray, sunnies, you'll Organizations: Business, Nordstrom, Nike, Adidas, Branch, Bond, Longchamp, Gucci, Nordy Locations: Arizona, Hoka, Boll

☆ PepsiCo earnings beat estimates, but U.S. demand weakens
▼ + stars: | 2024-07-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

PepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks and snacks. Pepsi now expects organic revenue growth of approximately 4%, a more cautious outlook than its previous forecast of at least 4%. The company reiterated its guidance for core constant currency earnings growth of at least 8%. Frito-Lay North America's volume declined 4%, while Pepsi's North American beverage unit saw volume shrink 3%. Executives said volume for Pepsi's North American drinks has improved sequentially, signaling that its attempts to lure back shoppers have begun working.

Organizations: Pepsi, PepsiCo, LSEG, Pepsi's, Frito, Quaker Foods Locations: Las Vegas, United States, North America, Quaker Foods North America

☆ Tampons contain lead, arsenic and potentially toxic chemicals, studies say. Here’s what to know
▼ + stars: | 2024-07-11 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

CNN —The average menstruating person will spend about five years of their total reproductive lifespan using an estimated 11,000 tampons, sanitary pads, panty liners and other menstrual products, experts say. What if some of those menstrual aids contain heavy metals or potentially toxic chemicals linked to chronic diseases and reproductive and developmental problems? “I do not want people to panic, but to be aware that heavy metals have been found in these menstrual products,” Schilling said. “However, there is no reason for people to be afraid to use menstrual products at this time,” she added. The team ran tests for 16 heavy metals: arsenic, barium, calcium, cadmium, cobalt, chromium, copper, iron, manganese, mercury, nickel, lead, selenium, strontium, vanadium and zinc.

Persons: Kathrin Schilling, ” Schilling, Amanda Hils, ” Hils, Anna Pollack, ”, Pollack, “, tampons Schilling, nonorganic tampons, hasn’t, Nancy King Reame, Reame Organizations: CNN, US Environmental Protection Agency, Columbia University’s Mailman, of Public Health, US Food and Drug Administration, George Mason University, US Geological Survey . Chemicals, Environmental Health, Institute for Green Science, Carnegie Mellon University, American Chemistry Council, “, for Disease Control, Prevention, FDA, School of Nursing, Columbia University Medical Center Locations: New York City, “, Fairfax , Virginia, United States, United Kingdom, Greece, tampons, Pittsburgh

The best Samsung Galaxy Z Fold 6 cases preserve the phone's hinge and body and add functionality. Samsung has claimed that the Galaxy Z Fold 6 is its most durable foldable to date. AdvertisementWill a Galaxy Z Fold 5 case fit a Galaxy Z Fold 6? A Galaxy Z Fold 5 case will not fit the Galaxy Z Fold 6, and vice versa, as the new phone's dimensions and design are slightly different. See our guide to the best Samsung Galaxy Z Fold 5 cases to protect the older model.

Organizations: Samsung, Business

If you could use a free hotel stay this year, consider signing up for the no-annual-fee Marriott Bonvoy Bold credit card. This is the best offer we've ever seen on the Marriott Bonvoy Bold® Credit Card , which is the only option out of six Marriott Bonvoy credit cards that doesn't come with an annual fee. Marriott credit cards only earn Bonvoy points, so they're not a good fit for anyone seeking a well-rounded travel rewards credit card. Only offers strong rewards for Marriott purchases Insider’s Take The Marriott Bonvoy Bold® Credit Card comes with an increased limited-time welcome bonus and good perks for a no-annual-fee card, but unless paying an annual fee is a dealbreaker for you, other Marriott cards — like the Marriott Bonvoy Boundless® Credit Card , Marriott Bonvoy Brilliant® American Express® Card, or Marriott Bonvoy Business® American Express® Card — are a better deal. Marriott Bonvoy earning ratesSpeaking of earning Bonvoy points, Marriott Bonvoy Bold® Credit Card cardholders can now earn twice as many rewards on several common household categories.

Persons: Bold, Cardholders, they're, cardholders, Marriott Organizations: Business, Marriott, Gold Locations: Marriott, Maldives, Regis New York

☆ Stocks making the biggest moves midday: Delta Air Lines, SoundHound AI, WD-40, Tesla and more
▼ + stars: | 2024-07-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago. Shares of major airline stocks American Airlines and United Airlines also fell around 4.7% and 3.7%, respectively, following the results. WD-40 reported total net sales of $155 million in the fiscal third quarter, up 9% from the year-ago period. Semiconductor names — Investors took a few chips off the table on Thursday, selling high-flying semiconductor stocks.

Persons: QuantumScape, Conagra, Lantheus, Tesla, Horton, —, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Tanaya Macheel, Darla Mercado Organizations: Delta Air Lines, American Airlines and United Airlines, Costco, Peugeot, Opel, Vauxhall, Lantheus Holdings, Medicare, Services, PepsiCo, Revenue, Bloomberg News, Bloomberg, Industries, Builders, Semiconductor, —, VanEck Semiconductor, Nvidia Locations: U.S, Canada, Europe

☆ PepsiCo just admitted that snackflation might have gone too far
▼ + stars: | 2024-07-11 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +4 min

As food inflation rose over the last few years, companies like PepsiCo have been able to push through price increases to retailers and consumers — and then some. Food inflation has increased at a steady pace over the last few months. While PepsiCo is one of the largest food manufacturers in the world, it's far from alone in hiking prices. McMullen told investors last month he expects more discounts coming from national brands this year. Of course, national brands have been bragging about strong profits in recent years, which would suggest they're now in a position to offer discounts and promotions without breaking the bank.

Persons: —, Cheetos, Jefferies, Ramon Laguarta, Laguarta, Crisman White, Rodney McMullen, McMullen, John David Rainey, Christina Hennington, they're Organizations: Service, Frito, PepsiCo, Business, Quaker Foods, Pepsi, Kroger, Walmart Locations: Quaker Foods North America

☆ Cramer sees new weight loss drugs as a problem for soft drink and snack giant PepsiCo
▼ + stars: | 2024-07-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

PepsiCo : The soft drinks and snacks giant reported a mixed quarterly Thursday with a sales miss and an earnings beat. Jim Cramer said Thursday that PepsiCo is in a tough position due to consumers using GLP-1 weight loss drugs to curb appetite. Delta Air Lines : The carrier reported record revenue during its second quarter but a slump in profits, which dragged the stock down more than 5%. Alongside a solid print, the company said it expects record revenue growth for the third quarter on booming summer travel demand. This was a "very surprising" development from the company, Cramer said, given the main use case for aluminum is aerospace, an industry that has been experiencing slower manufacturing of planes as of late.

Persons: Jim Cramer's, Jim Cramer, Cramer, Slim Jim, BoomChickaPop Organizations: CNBC, Club, PepsiCo, Delta Air Lines, Darden, Jefferies, Olive Garden, Alcoa

Search resuls for: "Brands"

25 mentions found