Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Monday reported that its quarterly revenue fell as fewer consumers bought its drinks at restaurants or convenience stores amid the coronavirus pandemic. The company did report growth for its food items, such as Cheetos and oatmeal,
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A group of medical providers gathering at the Gallup Indian Medical Center Source: Nate Teismann Dr. Jeanne Noble has worked all over the world as an emergency medicine physician. So when the hospital where she works, UC San Francisco, asked if anyone was willing to fly out to the Navajo Nation and help with an
Direxion is doubling down on buy-and-hold bets. The firm launched three new exchange-traded funds in early June meant for long-term investors: the Direxion High Growth ETF (HIPR), the Direxion Dynamic Hedge ETF (DYHG) and the Direxion Fallen Knives ETF (NIFE). For David Mazza, head of product at Direxion, ”what HIPR is really about is how do
Sen. Mitt Romney, R-Utah, leaves the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ-Roll Call | Getty Images WASHINGTON — Sen. Mitt Romney, R-Utah, on Saturday criticized President Donald Trump’s decision to commute the prison sentence of Roger Stone, calling it “unprecedented, historic corruption.” “An American president commutes the
Roger Stone leaves Federal Court after a sentencing hearing February 20, 2020, in Washington, DC. Brendan Smialowski | AFP | Getty Images Roger Stone says President Donald Trump saved his life by commuting his prison sentence Friday night. “The president has saved my life,” Stone said, “And he’s given me the opportunity to fight for vindication.” He
One room at a temporary hospital is viewed at the Georgia World Congress Center, Thursday, April 16, 2020, in Atlanta. Georgia. Ron Harris | Pool | AP Georgia is planning to reopen a field hospital at Atlanta’s Georgia World Congress Center as the state struggles with increasing hospitalizations and record-breaking new Covid-19 cases, according to
RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California. Bloomberg | Bloomberg | Getty Images As shares of electric truck maker Nikola
A SpaceX Falcon 9 rocket successfully launches carrying the Es’hail-2 communications satellite for the country of Qatar on November 15, 2018 at the Kennedy Space Center in Florida. NurPhoto | NurPhoto | Getty Images United States space companies are hoping to get more help against foreign competitors through financing from the U.S. Export-Import Bank, a federal
U.S. President Donald Trump walks to the White House residence after exiting Marine One on the South Lawn on June 25, 2020 in Washington, DC. Drew Angerer | Getty Images WASHINGTON — The Supreme Court said it will announce the last of the decisions from its current term on Thursday, which almost certainly means the
Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening just hours after the Nasdaq Composite clinched its 25th record close for 2020. Dow Jones Industrial Average futures climbed 50 points at the start of the overnight session, implying an opening gain of 0.3% when regular
United States Supreme Court Chief Justice John Roberts poses for the court’s official portrait in the East Conference Room at the Supreme Court building November 30, 2018 in Washington, DC. Chip Somodevilla Chief Justice John Roberts was briefly hospitalized last month after he fell and suffered an injury to his forehead while walking near his
The coronavirus pandemic is pushing businesses and dwellers out of city centers and downtowns into the outskirts in the short term, but demand can be expected to return to big cities, according to the head of the largest commercial real estate broker in the country. Hessam Nadji, president and CEO of Marcus & Millichap, on
At around 2:15 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6693% and the yield on the 30-year Treasury bond was down at 1.4253%. Yields move inversely to prices. Market focus was largely attuned to heightened expectations of an economic recovery in China, following speculation the world’s second-largest economy was
A statue of a horse stands at the entrance to a P.F. Chang’s restaurant in Schaumburg, Illinois. Scott Olson | Getty Images Large restaurant chains once again received millions in loans from the Paycheck Protection Program, according to data released Monday by the Small Business Administration. Businesses in the accommodation and food services sector received more
U.S. government debt prices were lower on Monday morning, as surging coronavirus cases delayed reopenings across the world’s largest economy. At around 2:10 a.m. ET, the yield on the benchmark 10-year Treasury note was higher at 0.6956% and the yield on the 30-year Treasury bond was up at 1.4624%. Yields move inversely to prices. In a
Healthcare workers move a patient in the Covid-19 Unit at United Memorial Medical Center in Houston, Texas Thursday, July 2, 2020. MARK FELIX Hospitals in Houston, Texas are on track to be overwhelmed in approximately two weeks as coronavirus cases mount, Mayor Sylvester Turner said on Sunday. “The number of people who are getting sick
People stand in queue to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images Florida on Saturday reported at least 11,445 new coronavirus cases, the state’s largest number of daily cases so far, according to figures released by the Florida Department of Health.
This photograph taken on July 3, 2020, shows a sign of the World Health Organization (WHO) at their headquarters in Geneva, amidst the COVID-19 outbreak, caused by the novel coronavirus. FABRICE COFFRINI The World Health Organization announced Saturday that it has discontinued trials of the combination HIV drugs lopinavir and ritonavir as a combined treatment