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  • Aug 07, 2024

Monster Beverage misses quarterly sales estimates as economic fears slow demand

(Reuters) -Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment. Higher costs of essentials like food and fuel have prompted consumers in the U.S. to be more mindful about spending on non-essential items, impacting sales for companies such as Monster. Monster will raise prices for its core brands and packages in the United States by about 5%, effective November 1.

  • Aug 07, 2024

Palm Oil Rises on Jump in Soy Oil, Signs of Weak Malaysia Output

(Bloomberg) -- Palm oil climbed as rival soybean oil rebounded in Chicago, while an estimate of lower output in parts of second-largest producer Malaysia also helped support prices.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City’s Outdoor Dining Sheds Will Start DisappearingNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsThe 5 Coastal States That Face the Most Devastat

  • Aug 07, 2024

EXCLUSIVE: What Tim Walz, Kamala Harris's New VP Pick, Could Mean For The Crypto Industry

Vice President Kamala Harris‘s choice of Minnesota Governor Tim Walz as her running mate for the 2024 presidential election has sparked a wave of speculation and concern within the cryptocurrency community. Who Tim Walz Is: While Walz himself has remained largely silent on digital assets, his alignment with stringent financial regulations and consumer protections, akin to figures like Senator Elizabeth Warren (D-Mass.) and SEC Chair Gary Gensler, suggests a possible shift towards stricter oversi

  • Aug 07, 2024

Walz Discloses No Stocks, Net Worth Trailing Other Candidates

(Bloomberg) -- Minnesota Governor Tim Walz is likely the poorest of the four people on this year’s major-party presidential tickets with a disclosed net worth of under $1 million, following his selection as Democratic nominee Kamala Harris’ running mate.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingThe 5 Coastal States That Face the Most Devastating Flood RiskNew York City Paid $2 Million for Empty

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