Author: Vitaliy Dadalyan

Wall Street Week Ahead: A Biden victory could weigh on stock market's winners

Investors on Wall Street can add another layer of uncertainty to a market already unnerved by last month's sell-off, stalled fiscal stimulus and President Donald Trump's COVID-19 diagnosis, which weighed on stocks on Friday. A higher capital gains tax that could accompany a win by Democratic presidential nominee Joe Biden is also emerging as a potential counterweight to this year's powerful rally in stocks. Biden has proposed https://br.reuters.com/article/uk-factcheck-biden-trump-proposed-taxes/fact-check-comparison-of-proposed-taxes-under-biden-and-trump-looks-at-highest-tax-bracket-only-idUSKBN2672GE taxing capital gains and dividends as ordinary income, which would increase the tax rate from 20% to 39.6% for individuals and couples earning over $1 million, the highest tax bracket....

Pepsi Versus Coke: The Cola Wars Are Back

Just like its rivals Coca-Cola Co (NYSE: KO) and Keurig Dr Pepper Inc (NASDAQ: KDP), the snack and beverage giant has taken a hit during the pandemic due to restaurant closures and other pandemic-related disruptions. But, PepsiCo, Inc. (NASDAQ: PEP) had a joker in its deck of cards. Namely, its diversified food and beverage portfolio allowed the company to benefit from more people working and learning from home. It was clear this was Pepsi's notable asset even during the prior quarter as, unlike its rivals, Pepsi's Q2 total core gross margin rate grew 6 basis points to 55.6%. Its supremacy became even more obvious during its latest third quarter as sales snapped back from the pandemic.Q3 Earnings ReportPepsi topped analysts' estimates both for its earnings and revenue. Net sales of $18.09 billion expanded by 5.3% in its latest quarter as demand for Tostitos and pancake mixes grew. It exceeded the $17.23...