South Korean chipmaker SK Hynix completed a $26.5 billion American depositary receipt (ADR) debut, marking the largest U.S. IPO by a foreign company. The deal could boost SK Hynix's U.S. trading premium and help re-rate its Korean shares closer to competitors like Micron. Citigroup led the transaction, earning over $70 million in fees. Meanwhile, PepsiCo reported that rising fuel prices are causing consumers to reduce spending, especially at convenience stores. Global oil demand is expected to decline in 2026 but may rebound by year-end as supply issues ease and demand recovers.
Coca-Cola's shares are approaching all-time highs, driven by a lean beverage-focused strategy and efficient franchising, while PepsiCo's stock has fallen nearly 30% since early 2023 due to weak snack sales and high operational costs. PepsiCo's snack ...
PepsiCo reported mixed Q2 2026 earnings with earnings per share slightly below expectations at $2.20, but revenue rose to $24.18 billion driven by global volume growth. While international markets showed 3% food and 2% beverage volume increases, US v...
PepsiCo reported solid second-quarter results with a 6.4% increase in net revenue and 2.4% organic growth despite facing macroeconomic challenges. The company continues to demonstrate pricing power and strong competitive advantages, even as North Ame...
PepsiCo's shares fell about 4% after the company reported second-quarter adjusted earnings per share of $2.20, just below the $2.21 expected by analysts. However, revenue rose 6.4% year-over-year to $24.18 billion, beating estimates driven by pricing...
Semiconductor stocks led gains in Nasdaq futures, rising 0.51%, while Dow futures slipped 0.10% as investors reacted to mixed signals from the Federal Reserve and geopolitical tensions in Iran affecting oil prices. The Fed's recent meeting minutes sh...
