Siete Foods Tortilla ChipsCourtesy: Siete FoodsPepsiCo said Tuesday that it’s buying Mexican American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years.Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent additions include Bare Snacks, Health Warrior and PopCorners.Soon that will also include Siete. Founder Veronica Garza started the company in 2014, when she began selling grain-free tortillas. Since then, its portfolio has grown to include tortilla chips, taco shells, salsas and seasonings, often designed to accommodate different dietary…
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By Diego Oré MEXICO CITY (Reuters) – Claudia Sheinbaum was sworn in as Mexico’s first woman president on Tuesday, taking the reins at a time the country is struggling with violence from organized crime and a hefty deficit in Latin America’s No. 2 economy. Sheinbaum, the 62-year-old scientist and former mayor of Mexico City, was inaugurated in a ceremony in Mexico’s Congress for a six-year term lasting until 2030. Her supporters chanted “President! President!” and “Long live Mexico!” after Sheinbaum took the oath of office in front of lawmakers. Political watchers and analysts predict Sheinbaum will urgently look to calm investors…
Suze Orman Says The Personal Finance Of Americans Is ‘Really, Really Bad’ Even Though The Stock Market Is Doing GreatIn a recent conversation with Chris Wallace on CNN Max, Suze Orman highlighted that while the stock market is performing well, it doesn’t reflect how most American households are really doing financially.”What if I were to tell you that 75% of the people in the United States don’t have $400 to their name in case of an emergency?” Orman said, describing the financial situation of ordinary Americans as “really, really bad.”Don’t Miss:Although we often use the stock market to measure economic…
Image source: Olaf Kraak via Shell plc Shell (LSE: SHEL) shares have long been popular with income investors and with good reason. Prior to 2020 (let’s face it, not a great year for most), this business was a veritable cash machine for holders. And although the pandemic did force distributions to be reset, things have been getting back on track. Today, I’m looking at how much owners might get from FY24 as a whole and looking forward to FY25. Above-average dividends As I type, the FTSE 100 oil and gas giant boasts a forecast dividend yield of 4.3%. That’s higher…
(Corrects first and third paragraph to remove the value of the stock component of the transaction) By Jonathan Stempel (Reuters) -Berkshire Hathaway will take full ownership of Berkshire Hathaway (NYSE:) Energy, after the unit of Warren Buffett’s conglomerate agreed to acquire the 8% it did not already own from the family of late billionaire philanthropist Walter Scott. According to a Tuesday regulatory filing, Berkshire Hathaway Energy will acquire 4.42 million shares of its voting common stock for $2.37 billion in cash and a $100 million bond maturing in 2057. The Scott family will also exchange 1.6 million shares of the…
Intel (INTC) has found itself in a world of trouble in 2024 after years of innovation failures left it significantly lagging behind its peers. A lot has happened in recent months, and there are many more developments possible before the end of the year. Interestingly, analysts still see the business recovering to the extent that the stock becomes quite affordable compared to peers in upcoming years. Despite this, I’m concerned the company will struggle to catch up, and as such, I’m neutral on INTC.What Happened at Intel?Intel remains a global chip giant, with operations in both the design and manufacturing…
Image source: Getty Images I’m looking for great stocks to buy this month for a winning passive income. Of course, I’m not just seeking dividend stocks that currently have the biggest yields. Instead, I’m searching for businesses in good shape to grow shareholder payouts over time. The following dividend shares would give me the best of both worlds, I believe. Stock2024 dividend per shareDividend yield2025 dividend per shareDividend yieldTritax Big Box REIT (LSE:BBOX)7.64p4.7%8.09p5%Primary Health Properties (LSE:PHP)6.9p6.8%7p6.9% Here’s why I think they’re worth a close look this October. Tritax Big Box REIT Tritax’s merger with UK Commercial Property REIT in May…
GREENWICH, Conn. – Interactive Brokers (NASDAQ:) Group, Inc. (NASDAQ:IBKR), a leading automated global electronic broker, reported significant growth in its September metrics, with client equity and trading activity showing notable year-over-year increases. The brokerage’s Daily Average Revenue Trades (DARTs) for September reached 2.634 million, marking a 46% rise from the previous year, albeit a slight 3% decrease from the prior month. Ending client equity stood at $541.5 billion, up 46% year-over-year and 5% from August. Margin loan balances with clients ended at $55.8 billion, climbing 28% from the same period last year and 2% from the previous month. Client credit…
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024.Michael Wayland / CNBCDETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the third quarter.The Detroit automaker reported a 2.2% drop in third-quarter sales compared with a year earlier, slipping to 659,601 vehicles sold. Auto industry forecasters such as Cox Automotive and Edmunds had expected GM’s sales to be down by more than 3% during that time.GM’s third-quarter sales are expected to be in line with the overall industry. Cox Automotive and Edmunds…
Tesla (TSLA) is poised to deliver third quarter deliveries as early as Wednesday, a result that could push the stock beyond the strong recent gains it has already seen.Wall Street expects Tesla to deliver around 461,000 electric vehicles globally in the third quarter, with annual delivery estimates coming in at 1.79 million, per Bloomberg. This figure would be a sequential improvement from the second quarter when Tesla delivered approximately 444,000 vehicles; however, it would be below the 466,000 EVs delivered a year ago.Tesla stock is up over 20% in the past month, fueled by optimism about its upcoming robotaxi event…