Pepsi’s North America business is weighing it down

PepsiCo shares fell Tuesday morning after it reported sales that missed Wall Street estimates and gave investors a weak outlook for 2025.

The company reported $27.8 billion, slightly below what analysts polled by FactSet were expecting, sending the stock down more than 2% at market open. PepsiCo also said it expects to see a low single-digit increase in organic revenue for 2025.

The company’s disappointing sales were largely attributed to its lack of growth stateside, particularly in its Quaker Foods sector, which has seen a decline in organic growth for five straight quarters. Quaker Foods is still reeling from a December 2023 recall on some of its granola bars and cereals, the company said. Its Frito Lay sector has also seen a decline in organic growth for two straight quarters.

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1 year into the Switch 2, we might’ve seen the top of the console market

The Switch 2 launched on this day in 2025. Amid a rough year for consoles, Nintendo has logged a good one.

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GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Exclusive: With Some 100 Rehired Cruise Employees, GM Pursues Eyes-Off Autonomous Cars

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How Victoria’s Secret finally managed to get its sexy back

After years of struggle, Victoria’s Secret shares have been hitting new highs this week.

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With gas prices soaring, the humble sedan is making a comeback

Recent US sales data reveals a “sedanaissance” among major automakers like Honda, Hyundai, and Toyota.

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McDonald’s has a new strategy: Make its stores “easier to run”

Franchised and affiliated locations already make up over 95% of McDonald’s store count and 62% of its sales.

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