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PepsiCo taps Walmart veteran as CFO, bets big on beverage revamp

Good morning. PepsiCo is overhauling its beverage portfolio—refueling interest in drinks like Gatorade—and named a new finance chief. On Thursday, the beverage giant (No. 45 on the Fortune 500) announced that Steve Schmitt will...

Delta’s bet on wealthy Americans driving the economy is working: Premium seats are set to overtake main cabin for the first time in history

Delta Air Lines delivered a robust set of financial results for the third quarter of 2025, posting record revenue and beating consensus forecasts...

A whopping 72% of S&P 500 companies disclosed AI as a ‘material risk’ on their 10-Ks this year

AI is everywhere these days—and that means so is AI risk. Among S&P 500 companies, 72% mentioned AI as a material risk on their Form 10-Ks...

Top analyst on concerns about Nvidia fueling an AI bubble: ‘We’ve seen this movie before. It was called Enron, Tyco’

A top Wall Street analyst has sounded an alarm over the U.S. equity bull market, warning that its remarkable run is built on...

Why Verizon’s new CEO must partner with the CFO on a clear market strategy

Good morning. There are more leadership changes in the Fortune 500, with Verizon’s CFO, Tony Skiadas, gaining a new strategic partner—Dan Schulman—as...

Gold and Bitcoin go through the roof as U.S. shutdown forces investors to trade in the dark

There is a 67% chance that the U.S. federal government shutdown will last longer than 10 days, according to bettors on Polymarket—and for...

Dollar vs yen: Surprise in Japan’s leadership race to roil financial markets

An unexpected result in Japan’s leadership contest over the weekend is poised to ripple through global financial markets with the yen already sinking...

After buying Spitfire Audio in reported $50m deal, Splice launches virtual instrument platform for music producers

Splice has entered the virtual instruments market with a new platform that offers access to over 1,200 playable presets at launch.The platform features...

Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast

President Donald Trump’s assertion that U.S. growth can tame debt echoes what Ray Dalio has called the most dangerous phase of a debt...
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