Business

PepsiCo to buy Israel’s SodaStream for $3.2 billion

PepsiCo to buy Israel’s SodaStream for $3.2 billion

Purchasing the Israeli company, known for DIY seltzer makers like the SodaStream Mix , will push Pepsi's image in a health-focused direction, according to CNN . PepsiCo chairman and CEO Indra Nooyi has called the companies "an inspired match". PepsiCo shares were up only 0.3 percent as analysts questioned whether the deal would move the needle for PepsiCo's struggling drinks business.


Tesla shares plummet after Musk pours heart out to NYT

Tesla shares plummet after Musk pours heart out to NYT

Now, the combative Musk granted a remarkable interview to The New York Times in which he reportedly choked up several times , acknowledged he was working as many as 120 hours a week, said he's using Ambien to help him sleep and called the past year "the most hard and painful year of my career".


Nvidia shares slump as firm warns that crypto-mining boom is over

Nvidia shares slump as firm warns that crypto-mining boom is over

Shares of Nvidia slid as much as 1.2% to $256 in trading Thursday ahead of the chipmaker's second-quarter earnings report after the closing bell. For one, Nvidia just this week debuted a new chip architecture that could cause some customers to pause their buying of existing systems until new graphics processing unit chips ship in the fourth quarter.


Trump asks SEC to look into practicality of corp

Trump asks SEC to look into practicality of corp

Regulators have said that quarterly reporting acts as an essential check and balance on the market , but many companies complain that it is overly bureaucratic and gives an artificial, short-term view of their performance. The Securities Exchange Act of 1934 was created to foster greater financial transparency and accuracy and to reduce fraud or manipulation. Billionaire investor Warren Buffett and JPMorgan Chase & Co Chief Executive Jamie Dimon wrote in the Wall Street Journal in ...


Tesla shares fall on reports of SEC subpoena

Tesla shares fall on reports of SEC subpoena

Musk's tweet may have violated U.S. securities law if he misled investors. Tesla sued Tripp in June for $1 million alleging he leaked information with the intent to sabotage Tesla and its CEO, Elon Musk . The latest news extended the uncertainty for Tesla investors over the past week+, adding to uncertainty about the future course of the company and whether a deal can be done amid growing regulatory complications.