But Anheuser-Busch InBev CEO Carlos Brito said that the company still doesn't have any data to prove that.READ MORE...

Kimberly-Clark Corp. missed earnings estimates for fourth quarter, leading to a -2.2% decline in its stock price during pre-market trading on Wednesday. The personal care company’s adjusted earnings-per-share was $1.60, falling short of the $1.65 FactSet consensus.FactSet consensus is $6.66 per share. The company expects 2019 sales to dip 1% to 2% from the prior year’s $18.49 billion.

Coca-Cola CEO James Quincey on the economy, expanding the company's line of beverages, the pricing outlook, the Super Bowl, marketing, launching bottles and cans themed to the Korean boy band BTS and the company's 'World Without Waste' initiative.READ MORE...

On Wednesday, Procter & Gamble Co. (P&G) raised its outlook on its full-year organic sales and reported better-than-expected earnings and sales for the fiscal second-quarter. The consumer goods behemoth had an adjusted earnings per share of $1.25 for the quarter, beating Wall Street estimate of $1.21 (according to a survey by Refinitiv).Its beauty products, health care and fabric and home care businesses were strong performers. Strong organic sales in the second quarter boosted P&G’s expectation for the full year.

Stocks fell on Tuesday, the first trading day of the week, as weak data out of China and lower global growth estimates from the International Monetary Fund renewed fears of the global economy slowing down.Read More...

Home sales in the U.S. fell in December to the lowest leave in more than six years. The National Association of Realtors said Tuesday that sales of existing homes plunged 6.4 per cent to a seasonally adjusted annual rate of 4.99 million last month, the worst pace in almost three years.For all of 2018, sales of existing homes fell 3.1 per cent from a year ago to 5.34 million units, the weakest total since 2015. The median sales price in December was $253,600, up just 2.9 per cent from last year. But there is a regional divide in price gains.

The company says it is facing pressure from competition on its older drugs and expects generic competition on such drugs as Zytiga, a prostate cancer treatment. The company said it expects full-year sales in the range of $80.4 billion to $81.2 billion, compared with the average analyst estimate of $82.69 billion, according to IBES data from Refinitiv.Still fourth-quarter, sales rose about one percent to $20.39 billion, topping the average Wall Street estimate of $20.20 billion, helped by growth in sales of Crohn's disease treatment Stelara and cancer drugs such as Darzalex and Imbruvica.

Shares of California’s biggest utility owner, PG&E Corp, jumped more than 10% on Tuesday after the company announced that it has secured bankruptcy financing worth $5.5 billion in the form of debtor-in-possession (DIP) financing from four banks. According to the company, four investment banks JPMorgan Chase & Co (JPM), Bank of America Merrill Lynch (BAC), Barclays Plc (BARC) and Citigroup Inc (C) are expected to help with the financing, which is expected to comprise of a $3.5 billion revolving credit facility, a $1.5 billion term loan and a $500 million delayed-draw term loan. The U.S. power producer, which provides electricity and natural gas to nearly 16 million customers in northern and central California, was recently hit by extensive litigation, government investigations and liabilities that could potentially exceed $30 billion because of wildfires in the state. As the company prepares to file for Chapter-11 bankruptcy protection, its bankruptcy plan has rever

Today Conagra Brands, Inc. announced that it is exploring strategic alternatives for its Italian-based frozen pasta business, Gelit, which is headquartered in Doganella di Ninfa, Italy.The business employs approximately 145 full-time employees, operates a stand-alone, state-of-the-art facility located in Doganella di Ninfa, and supplies products to a broad range of international customers.

Shale oil's impact will have "huge implications" for global energy markets for many years, Fatih Birol, executive director at the International Energy Agency, told CNBC on Tuesday.Read More...

Equities extended losses on waning optimism that the U.S. and China are moving closer to resolving their trade dispute, weighing on global risk appetite.Read More...

U.S.Secretary of State Mike Pompeo voiced optimism on Tuesday for a good outcome in upcoming trade talks with China and said a superpower conflict between the two nations could be avoided. Read More...

Japan must proceed with this year’s scheduled sales tax hike and take steps to more sustainably draw in foreign workers, as a rapidly ageing population and acute labour shortages strain its finances, an economic adviser to Prime Minister Shinzo Abe said.READ MORE...

RBC Capital Markets upgraded its recommendation of beverage maker AB InBev, following the latter’s debt refinancing. Shares of the world’s biggest beer company got upgraded to a top pick rating by RBC analyst James Edwardes Jones. Jones said, "The recent refinancing was sensible," and added, "It has replaced peaks of debt repayment with a smoother schedule which, at current exchange rates, should be doable from free cash flow, while significant appreciation in the US$ would be manageable.

Friday’s trading saw an interesting pattern form on consumer staple stock Colgate-Palmolive (NYSE: CL).The pattern is known as a shooting star pattern in candlestick charting and it is considered a bearish reversal pattern. What happens with a shooting star is that the stock opens slightly higher, jumps considerably higher during the day, and then falls to close at a similar level that it opened at. The thinking behind the pattern is that the bulls have been in control and have driven the stock price higher.

Morgan Stanley (NYSE: MS) reported fourth-quarter earnings results yesterday morning and the results disappointed investors.Wealth management revenue fell 6% while equity trading revenue and investment banking revenue came in flat. Looking at the daily chart of Morgan Stanley we see that the stock has been trending lower within the confines of a downward sloped trend channel.

The cryptocurrency boom thrust immutable ledger technology into the spotlight, piquing imaginations and leading to increased venture capital contributions for blockchain-related businesses (as well as unimaginable hype).2018 was supposed to be the year blockchain truly began to capture its potential – until it didn’t. MIT Technology Review – a publication owned by the famed research institution but operated independently – argues that the technology failed to live up to the hype in 2018, pointing to steep declines in valuations of cryptocurrencies.

Like any industry, it can be difficult to parse facts from the hype, but experts believe there is plenty to be excited about in 2019. The idea of a cashless world is foundational to fintech – pundits believe that time is coming sooner rather than later.But society has been slow entirely jettison cash, and fintech companies have plenty of work to do to reach un- or under-banked consumers around the world who rely heavily on a physical medium for payment.

HEXO Corp, which announced a joint venture with Molson Coors Canada last summer on the development of cannabis-infused beverages for the Canadian market, will begin trading on the New York Stock Exchange on January 23. Canada’s fifth-largest cannabis company by market capitalization has tended to fly below investors’ radar compared to larger rivals like Canopy Growth Corp., Aurora Cannabis Inc. and Tilray Inc. 

The 14 nation OPEC began its first round of oil supply cuts in December, as oil supplies plunged by 751,000 barrels per day to nearly 31.6 million bpd. In early December OPEC members signed an agreement with Russia and nine other nations to keep 1.2 million barrels per day off the market starting in January.On the other hand, Iraq, OPEC's second largest producer, witnessed the biggest jump in production in the final month of the year as its output rose 88,000 bpd to just over 4.7 million bpd. At the current level, Baghdad would need to cut about 200,000 bpd in January to meet its quota under the supply cut agreement.