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Wall Street is pouring billions into artificial intelligence companies, even though many firms do not yet have profits or clear business plans. Analysts quoted in the report warn that the market is moving too fast and may be repeating the same mistake made during the dot-com era. Investors continue to back AI stocks because of…
The head of Germany’s Savings Banks Association (DSGV) says the country’s Mittelstand—its small and medium businesses—has the financial strength to invest more. But they hold back because reforms are lagging. Ulrich Reuter told Reuters the Mittelstand boasts solid equity, stable finances, and ready liquidity. He argued that what’s missing are structural changes to boost confidence…
Nestlé surprised the market with 1.5% growth in real internal sales (RIG) in the third quarter—well above expectations of 0.3%. The boost came mainly from higher pricing in coffee and confectionery. That said, the packaged-foods giant also revealed plans to cut 16,000 jobs globally over the next two years. The reductions include 12,000 white-collar roles…
PepsiCo reported stronger-than-expected quarterly earnings and revenue on Thursday, with growth in international markets helping the company overcome another period of weaker demand in North America. Shares of the beverage and snack giant rose over 2% in morning trading following the announcement. According to data from LSEG, PepsiCo posted adjusted earnings per share of $2.29,…
