Coca-Cola has adjusted its full-year outlook as global demand for its beverages has increased in the second quarter of the year. The company now expects organic revenue growth of 9% to 10%, which is higher than its previous forecast. Additionally, Coke has raised its outlook for comparable earnings growth to a range of 5% to
United Parcel Service recently reported its second-quarter financial results, which fell below expectations. The company’s profit and revenue were lower than anticipated, leading to a 7% drop in shares during premarket trading. UPS revised its 2024 revenue guidance to approximately $93 billion, down from the previous forecast of $94.5 billion. Additionally, full-year capital expenditures are
The launch of spot ether exchange traded funds is eagerly awaited by crypto enthusiasts who believe that it will increase the investor base for Ethereum. Ether, the cryptocurrency used in the Ethereum network, has a wide range of use cases that extend beyond bitcoin. A number of spot ether ETFs are set to begin trading
General Motors is gearing up to announce its second-quarter results, and the expectations on Wall Street are high. Analysts are predicting that GM will outperform its competitors in Detroit, with steady sales and vehicle prices in the first half of the year. The average estimates compiled by LSEG suggest that GM will report earnings per
The recent approval by the U.S. Securities and Exchange Commission for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency, has sparked significant interest in the investment community. With trading set to commence imminently, the implications of this decision are far-reaching and could have a profound impact on the cryptocurrency market as a whole. The
Warner Bros. Discovery has expressed its intention to exercise its matching rights to secure a package of NBA games that were originally earmarked for another company. Specifically, the media company is targeting the deal between NBC and Amazon Prime Video. The move comes as part of Warner Bros. Discovery’s efforts to maintain a long-standing partnership
With President Joe Biden now officially out of the election, all eyes are on Vice President Kamala Harris as the frontrunner for the Democratic nomination. While Harris has not yet detailed her economic agenda, experts suggest that her tax policies may echo Biden’s proposals which aimed for higher taxes on the wealthy and corporations. Similar
In a surprising move, Berkshire Hathaway decided to trim its substantial holding in Bank of America for the first time in 4½ years. The conglomerate, led by Warren Buffett, sold 33.9 million shares of Bank of America over the course of three days for almost $1.5 billion, marking a significant reduction in its stake. It
McDonald’s decision to extend its $5 value meal deal beyond the initial four-week period has proven to be a successful strategy in driving traffic back to restaurants. With 93% of its restaurants voting to continue the promotion, it is clear that the offer is resonating with customers and keeping them away from the competition. The
Ryanair, the budget airline giant, faced a significant setback as its quarterly profit after tax dropped by 46%. This news caused a sharp decline in the company’s shares, which were down 14.53% at 11:28 a.m. London time. The profit after tax for the three months ending in June, the airline’s first quarter, was reported at