Snacks and beverage company PepsiCo, Inc. (PEP) has announced a new Rockstar Energy variant on the market that will use hemp seed oil to relax the consumers. The variant will also have less caffeine, reported CNBC. Apart from hemp seed oil, Rockstar Unplugged is also going to have spearmint and […]

New York (CNN Business)General Motors (GM) reported record earnings for 2021, despite struggling with a shortage of computer chips and other parts that crimped its ability to build and sell all the cars and trucks it wanted. Quarterly earnings reached nearly $2 billion, excluding special items, topping the consensus forecast […]

London (CNN Business)The UK government has threatened to take action against Kremlin-linked oligarchs who have turned London into their playground if President Vladimir Putin orders an invasion of Ukraine. But decades of loose regulation and courting of Russian investors mean that some Putin allies are now so deeply integrated into […]

Extending the sell-off seen last week, stocks have shown another substantial move to the downside during trading on Monday. With the continued decline, the major averages have fallen to multi-month intraday lows. The major averages have climbed off their worst levels in recent trading but continue to post steep losses. […]

European stocks fell on Monday, with concerns over policy tightening by the Federal Reserve and rising tensions about Russia’s military buildup on the Ukraine border weighing on sentiment. Meanwhile, Eurozone private sector growth eased in January as the Omicron variant hit the services activity, flash survey results from IHS Markit […]

Shares of International Business Machines Corp. (IBM) gained over 5% in extended session on Monday after the software company’s earnings and revenues for the fourth quarter trumped Wall Street estimates, driven by hybrid cloud revenues. Armonk, New York-based IBM reported fourth-quarter profit of $2.33 billion or $2.57 per share, up […]

The COVID-19 pandemic sent the U.S. unemployment rate up to a post Great Depression high of 14.7% in April 2020. Though the jobless rate has since fallen back below 4%, the U.S. job market is far from pre-pandemic norms in at least one other key measure – labor supply.  The […]

Aluminum producer Alcoa Corp. (AA), Wednesday reported a fourth-quarter results, with adjusted earnings trouncing Wall Street view. Pittsburgh-based Alcoa reported fourth-quarter loss of $392 million or $2.11 per share, compared to last year’s loss of $4 million or $0.02 per share. Excluding one-time items, earnings for the quarter were $475 […]

The IMF on Tuesday cut India’s economic growth forecast by 0.5 percentage points to 9 per cent for the current fiscal year, with its chief economist Gita Gopinath saying that the slight downgrade is mainly due to the impact of the spread of the Omicron variant. “If you look at […]

Byron Allen’s Allen Media Group has brought on Sydnie Karras in the newly created position of Chief Accounting Officer. In the post, Karras will supervise all corporate accounting as it relates to business operations, strategic investments, mergers/acquisitions, corporate financial planning, risk management and data analysis across all AMG units. Those […]