Kraft Heinz says its turnaround is on track. And in a bid to focus its portfolio of brands, it will sell a majority of its coffee business to a private equity group and use the proceeds to pay down debt.
Commerzbank’s Charlie Lay and Dr. Henry Hao highlight that the People’s Bank of China raised the FX reserve requirement ratio to slow rapid CNY gains after a 13-session winning streak. They stress the move is counter-cyclical, aimed at preserving two-way flexibility rather than reversing the appreciation trend, and note USD/CNY and USD/CNH both bounced to 6.67 on the announcement.
The great sleeping giant of the US has awakened, taken a hard look at what’s become of the nation, and roared a thunderous “NO!”What occurred on Tuesday was not – as some are saying – the inevitable midterm...
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower. Higher fixed mortgage rates...
watch nowThe artificial intelligence data center boom hit a roadblock on election night, further complicating the tech industry's historic expansion plans.There were 41 local ballot measures in 10 states up...
Kraft Heinz has agreed to sell its North American coffee business to an affiliate of One Rock Capital Partners for an enterprise value of $650 million, while keeping a 30% stake in the business.
Lockheed Martin F-35 Lightning II of the Royal Netherlands Air and Space Force RNLASF spotted during a military exercise at Eindhoven Air BaseNurphoto | Nurphoto | Getty ImagesThe blue wave across the country...
The newly elected Democratic majorities in the Senate and the House are planning to pass a flurry of bills as soon as they take the reins next January, CNBC has learned, and are preparing to tussle with an...
Schools that want to block Google's AI tools from student accounts will also lose access to Google Search on those accounts. That condition sits at the center of a new K–12 policy Google confirmed for rollout...
ASUNCIÓN, Paraguay -- Paraguay’s central bank seized a major digital lender with close ties to President Santiago Peña early Tuesday, throwing the savings of millions of customers and hundreds of millions of...
SEC staff said they view Canton Coin as a digital commodity and won’t recommend enforcement over how it’s minted, a week after DTCC launched a tokenization service that runs partly on the Canton Network.
Hiring in the US private sector slowed but still beat expectations in October, data from payroll firm ADP showed on Wednesday, with earnings growth registering a strong increase. Private sector job growth...
New Zealand's unemployment rate has risen to 5.7%, the highest in 11 years, with 174,000 people out of work. But economists say the more troubling figure is duration: nearly half of the jobless have been...
Silver (XAG/USD) price soars almost $3, or close to 5.50%, on Wednesday as traders digest the results of the US midterm elections, which resulted in a Democratic sweep aimed at countering US President Donald Trump.
The federal government announced on Wednesday that China will extend its soon-to-expire tariff-free treatment for some Canadian agricultural and seafood products for another two years.
The governor says lawmakers would set a schedule for larger exemptions and limit local governments from taxing homeowners in other ways, and he hinted at school funding changes next year.
(Kitco News) - After last week’s sharp selloff, the gold market has managed to reclaim the $4,000 level. While this is an important hurdle that needs to be cleared, one market strategist says the...
Florida Gov. Ron DeSantis said the Legislature will hold a special session on Amendment 3 now that voters have approved it."I'm going to let the Legislature kind of get their feet under them, I'm not just...
McDonald's plans to introduce new value-oriented meal bundles early next year after a disappointing third quarter that saw lower traffic at U.S. restaurants. Posted 11/4/2026, 12:28:12...
Andy Lyons/Getty ImagesIndiana Fever star Caitlin Clark added another endorsement to her sizable portfolio.Clark signed a multiyear deal with Dick's Sporting Goods and Foot Locker, becoming the first athlete...
Canva is restructuring its operations in a move affecting 1,271 employees, or 22% of its workforce, as the design software company responds to slowing growth and changes in the technology industry. The...
The latest unexpected rise in unemployment could be a sign the economy isn't doing as well as expected. Four hundred and 38-thousand people aren't working as much as they could be in the September...