In a significant move, the Federal Trade Commission (FTC) has filed a lawsuit against PepsiCo, alleging the company engaged in illegal price discrimination. The central claim is that PepsiCo provided preferential pricing and promotional support to an unnamed retailer, which numerous sources have identified as Walmart. This practice, according to the FTC, contravenes the Robinson-Patman
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In an insightful interview with CNBC, Federal Reserve Governor Christopher Waller outlined the central bank’s potential trajectory concerning interest rates, offering a glimpse into the economic horizon for this year. Waller’s remarks anchored on the expectation of easing inflation suggest that the Federal Reserve may be poised to lower interest rates multiple times in the
The year 2024 has proven to be a remarkable chapter for the U.S. stock market, showcasing resilience amidst persistent challenges. The S&P 500 Index witnessed a notable increase of over 20% for the second consecutive year—a feat that resonates with both seasoned and fledgling investors. However, this surge did not occur in a vacuum. A
The journey to homeownership is often depicted as a linear path, but in reality, it’s a complex maze shaped significantly by geographical factors and personal circumstances. Various reports underscore the substantial influence of location on the time required to accumulate a 20% down payment. According to a recent report by RealtyHop, the disparity across U.S.
As 2024 unfolds, intriguing dynamics are shaping the mortgage market. Surprisingly, mortgage demand appears to have kicked off the year on a robust note, diverging from expectations set by increased interest rates. According to data from the Mortgage Bankers Association, total mortgage application volume surged by 7% compared to the same week last year. This
Despite the immense global brand recognition and consistently impressive innovations, Apple Inc. has recently hit a stumbling block in its stock performance that warrants a deeper examination. As of now, analysts, particularly from firms such as Evercore ISI, have noted that although Apple’s stock has potential for improvement, significant challenges persist. With upcoming fiscal releases
In a significant move, the Federal Aviation Administration (FAA) announced on Friday that SpaceX’s Starship rocket will remain grounded until the company and the regulatory body conclude their investigation of the rocket’s midflight failure during its most recent testing phase. This incident, which led to the unfortunate necessity of diverting multiple commercial airline flights, raises
In a significant turnaround, American investment banks have recently reported unprecedented quarterly earnings driven by revitalized trading activities linked to the U.S. elections and an uptick in mergers and acquisitions (M&A). This remarkable performance follows a period of stagnation influenced by the Federal Reserve’s aggressive interest rate hikes aimed at combatting inflation. Now, as the
As the calendar flips to a new year, many Americans eagerly start mapping out their vacation plans for 2025. However, rising travel costs and fluctuating prices pose significant challenges for those wanting to explore new destinations. Recent data highlights how financial considerations are shaping travel trends, with nearly half of all travelers reporting that airfare
The landscape of quantum computing took a significant turn recently, as stocks in the sector experienced a notable upswing. This increase was largely ignited by Microsoft’s proactive initiative encouraging businesses to become “quantum-ready” by 2025. This sort of corporate endorsement is crucial, especially given the current climate of investor sentiment, which appeared to return to