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Prebiotic soda brand Olipop valued at .85 billion in latest funding round

Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round

Super Bowl ad of Poppi. Source: Poppi Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company. Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda category, along with rival Poppi, which highlighted its drinks with […]

Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round Read More »

Comcast and NBCUniversal receive FCC inquiry on DEI initiatives

Comcast and NBCUniversal receive FCC inquiry on DEI initiatives

U.S. President-elect Donald Trump speaks to Brendan Carr, his intended pick for Chairman of the Federal Communications Commission, as he attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas.  Brandon Bell | Getty Images The Federal Communications Commission has alerted Comcast

Comcast and NBCUniversal receive FCC inquiry on DEI initiatives Read More »

ESPN host Stephen A. Smith says he would strongly entertain running for U.S. president

ESPN host Stephen A. Smith says he would strongly entertain running for U.S. president

Outspoken ESPN personality Stephen A. Smith is not ruling out a presidential run in his future. In an interview with CNBC Sport, Smith said, “I wouldn’t mind being in office.” Yet the popular television host said it’s the campaigning and being a politician that turns him off. “I’m not one of those dudes that’s great

ESPN host Stephen A. Smith says he would strongly entertain running for U.S. president Read More »

Biogen beats estimates on cost cuts and new drugs like Leqembi, but profit outlook falls short 

Biogen beats estimates on cost cuts and new drugs like Leqembi, but profit outlook falls short 

A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new products, including its breakthrough Alzheimer’s treatment Leqembi, saw growth.  But the biotech company’s

Biogen beats estimates on cost cuts and new drugs like Leqembi, but profit outlook falls short  Read More »

Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate. The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024,

Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’ Read More »

Restaurant Brands reports 2.5% same-store sales growth, fueled by Burger King and Popeyes

Restaurant Brands reports 2.5% same-store sales growth, fueled by Burger King and Popeyes

The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Mario Tama | Getty Images Restaurant Brands International on Wednesday reported same-store sales growth of 2.5%, fueled by the better-than-expected performance from Burger King’s and Popeyes’ restaurants. Shares of the company rose roughly 1% in

Restaurant Brands reports 2.5% same-store sales growth, fueled by Burger King and Popeyes Read More »

Zelle payments top  trillion in 2024 as network’s growth outpaces rivals including PayPal

Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal

Zelle icon displayed on a phone screen and Zelle logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland. Jakub Porzycki | Nurphoto | Getty Images Zelle, the payments network run by bank-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said

Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal Read More »

CVS results top estimates even as high medical costs drag down insurance unit

CVS results top estimates even as high medical costs drag down insurance unit

An exterior view of a CVS pharmacy in Danville, Pennsylvania.  Paul Weaver | Lightrocket | Getty Images CVS Health on Wednesday reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business continued to see higher medical costs.  The company also issued a full-year 2025 adjusted earnings outlook of $5.75 to $6

CVS results top estimates even as high medical costs drag down insurance unit Read More »

Tequila, mezcal are the only spirits growing in sales, but tariffs would be ‘catastrophic,’ industry group says

Tequila, mezcal are the only spirits growing in sales, but tariffs would be ‘catastrophic,’ industry group says

A seller holds up a bottle of Casamigos, tequila from Diageo, the world’s leading spirits maker, as U.S. President-elect Donald Trump plans to impose tariffs on Mexico that could affect up to $1.6 billion in tequila sales, at a liquor store in Monterrey, Mexico, December 10, 2024.  Daniel Becerril | Reuters The U.S. spirits industry

Tequila, mezcal are the only spirits growing in sales, but tariffs would be ‘catastrophic,’ industry group says Read More »

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