September 3, 2025
- PepsiCo has received commentary from activist investor Elliott Management, which has a $4 billion stake in the company. “PepsiCo finds itself at a critical inflection point… The company has an opportunity – and an obligation – to improve financial performance and regain its position as an industry leader,” the investor said (via CNN Business).
- Trump’s tariffs have been have been ruled unlawful by a federal appeals court, and this could potentially result in a ~$200 billion refund to businesses if the decision is maintained. The Trump administration is preparing an appeal (via CNN Business).
- Amazon is restricting its 15-year policy allowing Amazon Prime members to share free shipping perks with invitees. The change goes into effect Oct. 1 (via FOX Business).
- Macy’s raised its yearly sales and profit forecasts, largely based on strong demand across its Bloomingdale’s and Bluemercury labels. Share prices jumped by ~20% in early morning trading (via Reuters).
- Starbucks is launching protein-loaded cold foam and lattes to its menu beginning Sept. 29 (via CNBC).
- U.S. consumers are expected to spend 5% less this holiday season, per PwC data, with Gen Zers in particular stating they expect to spend 23% less than in 2024 (via CNBC)
- Dollar Tree offered current-quarter profit projections below estimates as a result of tariffs pushing cost increases. Despite this, the company expects steady demand (via Reuters).
- Corona and Modelo importer Constellation Brands lowered its forecast for the current fiscal year, citing weakening demand for beer (via FOX Business).