Pepsi notes impact of geopolitical tensions, other factors on third-quarter; lowers revenue forecast
See what's being clicked on FoxBusiness.com. PepsiCo on Tuesday cut its full-year organic revenue forecast after the company reported lower-than-expected sales and business disruption due to geopolitical tensions that affected the third quarter. The snack and beverage giant's 2024 organic revenue growth outlook has been revised from 4% to a “low single-digit increase.” The report […]
Putin lowers threshold of nuclear response as Biden admin pledges new funding to Ukraine
In a stern warning to the West, Russian President Vladimir Putin said a conventional attack on Russia by any country backed by a nuclear power would be considered a joint attack against Russia. Putin's announcement came at the same time the Biden administration announced $375 million in additional security assistance to Ukraine, including ground weapons, […]
Emboldened Fed lowers interest rates by half-point
The Federal Reserve cut interest rates by 50 basis points on Wednesday, the central bank's first rate cut after a two-and-a-half-year battle with rampant inflation sparked by the pandemic. The new federal funds rate will be 4.75% to 5%, a significant cut that signals the Fed's confidence that the fight against inflation is nearing an […]
Kamala Harris Lowers Expectations for 2024 Democrat Performance
Vice President Kamala Harris’ so-called “honeymoon” period is coming to an end after a crucial week after she became the Democratic Party’s de facto nominee without winning a single vote in a presidential primary during her infamous political career. Harris will now have to defend her far-left record, the failures of the Biden-Harris administration and […]
IMF lowers outlook for US economy while warning of slower disinflation
The International Monetary Fund on Tuesday lowered its forecast for the U.S. economy in 2024 by 0.1 percentage point, putting annual growth at 2.6 percent. The firm maintained its forecast for global economic growth this year at 3.2% and raised its forecast for 2025 to 3.3% from 3.2% predicted in April. The international financial institution […]
CT town declines to raise thin blue line flag, lowers Pride flag to half-mast to honor trooper killed in line of duty
A Connecticut town is under fire after its town council voted against flying a flag featuring a thin blue line in memory of a fallen state trooper. On the afternoon of May 30, Pvt. Aaron PelletierPelletier, 34, was conducting a routine traffic enforcement operation on eastbound I-84 in Southington, about 20 miles southwest of Hartford, […]
Kohl’s shares tumble after retailer reports sales slump, lowers forecast
DR Barton, president of Woodshaw Financial Group, analyzes the consumer climate after Walmart’s strong earnings report in Varney & Company. Kohl’s shares plunged as much as 25 percent on Thursday after the retail giant reported an unexpected first-quarter loss and lowered its full-year earnings forecast. The department store chain reported a 5.3% drop in net […]
Washington state judge lowers bail for illegal immigrant accused of killing trooper from $1M to $100K
An illegal immigrant accused of killing a Washington police officer in a crash earlier this year had his bail reduced from $1 million to $100,000 by a state judge last week. Raul Benitez Santana, 32, is currently facing charges of vehicular assault and vehicular homicide involving alcohol and drugs in connection with the death of […]
Critics slam UN after it lowers flag to half-staff in honor of ‘mass murderer’ Iranian president
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Screening Age For Breast Cancer Lowers From 50 To 40 Years Old, Following Rise In Younger Women
Grant recipients take the stage during the Breast Cancer Research Foundation (BCRF) New York Symposium and Awards Luncheon at the New York Hilton on October 20, 2023 in New York City. (Photo credit: Dimitrios Kambouris/Getty Images for BCRF) OAN’s Brooke Mallory2:05 PM – Tuesday, April 30, 2024 A major U.S. disease prevention organization has released […]