The U.S. consumer is relatively financially healthy, despite turmoil in stock markets — at least if you measure in gas station snacks, according to one PepsiCo executive. “The U.S. consumer is doing just fine,” Hugh Johnston, Pepsi’s vice chairman and chief financial officer, told CNBC’s “Squawk on the Street” Thursday. Thanks in part to lower gas prices and improved employment, Pepsi saw convenience store sales, a bellwether of consumer spending, pop 6 percent in its latest quarter, Johnston said. ‹ From Pepsi to Target: Bet on these leaders Is this the future of entertainment? Pepsi says so Indra Nooyi: The…
Author: Deep
Read More
I’ve fought an assassin. I’ve saved an orcish princess. I’ve clambered through overflowing sewers. I’ve died from drinking too much river water, and died again from contracting plague. I’ve fought monsters, eaten rations, and rested at more inns than I’d care to recall. I’ve even—don’t tell anyone—thrown rocks at a little girl in exchange for an apple. (It wasn’t one of my prouder moments.) This is Steve Jackson’s Sorcery! reimagined for 2016. And it’s also the latest from Inkle, creator of the acclaimed 80 Days. I’ll put a spell on you The Steve Jackson’s Sorcery! saga is actually pretty strange.…
The U.S. consumer is relatively financially healthy, despite turmoil in stock markets — at least if you measure in gas station snacks, according to one PepsiCo executive. “The U.S. consumer is doing just fine,” Hugh Johnston, Pepsi’s vice chairman and chief financial officer, told CNBC’s “Squawk on the Street” Thursday. Thanks in part to lower gas prices and improved employment, Pepsi saw convenience store sales, a bellwether of consumer spending, pop 6 percent in its latest quarter, Johnston said. ‹ From Pepsi to Target: Bet on these leaders Is this the future of entertainment? Pepsi says so Indra Nooyi: The…
Google has patched thirteen new vulnerabilities in Android, two of which could allow attackers to take control of Android devices located on the same Wi-Fi network, if the devices have Broadcom chips. The two critical vulnerabilities are located in the Broadcom Wi-Fi driver and can be exploited by sending specially crafted wireless control packets to the affected devices. These messages could corrupt the kernel’s memory and allow for the execution of arbitrary code in the kernel—the highest privileged area of the operating system. These flaws are critical because the attack doesn’t require any user interaction, can be exploited remotely and…
In her second day of congressional testimony, Fed Chair Janet Yellenshould do a better job of stressing the importance of market stability, CNBC’s Jim Cramer said Thursday. “This would be a great time for her to put a stake in the ground saying we’re the engine. We’re the locomotive. We can’t get derailed,” Cramer said on “Squawk on the Street.” Yellen should also emphasize that rate hikes will happen when necessary rather than on a strict timetable, Cramer added. As Yellen testified before the House Financial Services Committee on Wednesday, Treasury yields fell. The spread between 10-year and two-year yields…
Morgan Stanley is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General’s office said on Thursday. The case stems from an investigation by the Residential Mortgage-Backed Securities Group, a joint federal and state task force unveiled in 2012 by President Barack Obama that serves to investigate potential misconduct from the financial crisis. A formal announcement was expected later on Thursday morning. Of the $3.2 billion to be paid, a total of $550 million will be allocated toNew York.…
Windows 10’s deep stash of carrots lured a record-breaking numbers of users to the operating system when it launched. But now that adoption’s slowing down, Microsoft’s breaking out the sticks in its quest to shift 1 billion users to Windows 10 by July 2018. Microsoft wielded the latest stick on January 15, when it declared that buyers of Intel’s new Skylake processors have to upgrade to Windows 10 in the next 18 months, or forgo all but the most critical security patches—and those will be available to Windows 7 and 8.1 users only if said patches don’t “risk the reliability or compatibility”…
Following another round of financial market turbulence, fed fund futures contracts don’t see the Federal Reserve raising rates until at least February 2018 and in fact are pricing in a small likelihood of a rate cut. Diminished expectations for rates come as investors worry that a global slowdown could send the U.S. into a recession this year. Markets appeared to be in for another rough day Thursday, with stock market indicating the Dow Jones Industrial Average likely to decline 250 points off the open. Government bond yields also slumped, with the benchmark 10-year note hovering around 1.6 percent. In hindsight,…
You haven’t customized the bejesus out of Windows 10’s Start menu unless you’ve done deep linking. Sure, you’ve rearranged the left side of Windows 10’s Start menu, gotten your tiles just the way you like them on the right, and even added some website shortcuts to the mix. But with deep linking you can pin specific pages from within a Windows Store app to your Start menu. Say you’re reading an ebook with the Kindle for Windows 10 app. You can pin the book itself to your Start menu instead of the entire Kindle app. That way you can always jump right back…
Shares of Lululemon Athletica gained in extended trading after Lone Pine Capital disclosed a stake in the company, according to SEC filings. The hedge fund, run by industry insider Stephen Mandel, now beneficially owns 6,446,607 common stock of the retailer, known for its yoga apparel. Drugmaker Allergan saw shares slide after-hours. The company’s deal to link up with Pfizer was compared in The Financial Times to a controversial tie-up between Johnson Controls and Tyco. The Johnson-Tyco deal was panned by Democratic presidential hopefuls Hillary Clinton and Bernie Sanders. Swift Transportation shares bounced after hours after the company reported better-than-expected earnings.…