Reuters

PepsiCo on Thursday cut its annual profit forecast as the soda and snacks giant signaled higher production costs and subdued consumer spending due to the uncertainty fueled by U.S. President Donald Trump's expansive tariffs. The Frito-Lay maker also posted its first quarterly profit miss in at least five years. "We expect more volatility and uncertainty, particularly related to global trade developments, which we expect will increase our supply chain costs," CEO Ramon Laguarta said in a statement. The tariffs on trading partners have also have also stoked fears of high inflation and stagnation in economic growth, likely weighing on consumer spending. "Relative to where we were three months ago, we probably are not feeling as good about the consumer," PepsiCo Chief Financial Officer Jamie Caulfield said on a post-earnings call. For Reuters #Consumer #PepsiCo #CocaCola #Sodas #Snacks #Lays

A Vatican expert said the funeral ceremony for Pope Francis will be the 'standard' ritual for a pope's funeral.   The liturgy, specific to pope funerals, is followed by 'the commendation and the final farewell' — a series of prayers over the coffin and by the litany of Saints, during which the choir will list a series of Saints asking them to pray for the late pope's soul. Read the latest as tens of thousands line up to pay their final respects: https://reut.rs/4jFYcZc   #vatican #pope #funeral #francis #religion #catholic

LIVE: G20 ministers speak at IMF-World Bank Spring Meetings G20 ministers hold a press conference on the sidelines of the International Monetary Fund and World Bank Spring Meetings in Washington, D.C. #G20 #imf #worldbank #summit #economy #finance   Keep up with the latest news from around the world: https://www.reuters.com/

A federal judge blocked President Donald Trump's administration from withholding federal funding from several so-called sanctuary jurisdictions that have declined to cooperate with the Republican's hardline immigration crackdown https://reut.rs/4lMoDhQ 

U.S. President Donald Trump's "Make America Great Again" policies have resulted in almost unprecedented market volatility and serious damage to investor trust in U.S. assets. In the first 100 days of his second term, Trump has shredded the playbooks that have governed international trade and the world order for decades. Reuters Graphics crunched the numbers on how Trump's first 100 days match up to his predecessors — and his own first term. Read more ➡️ https://reut.rs/4jrYbIO

LIVE: Canadian Prime Minister Mark Carney speaks in British Columbia ahead of election Canadian Prime Minister and Liberal Leader Mark Carney makes a campaign stop in Port Moody, B.C. Voters in Canada will head to the polls on April 28 to decide whether to give Carney's ruling Liberals another mandate. #markcarney #canada #election #campaign #liberal #vote Keep up with the latest news from around the world: https://www.reuters.com/

The Trump administration asked the U.S. Supreme Court to allow implementation of his order banning transgender people from serving in the military, one of a series of directives by the Republican president to curb transgender rights https://reut.rs/42XcTBA  

Two U.S. judges grilled a Justice Department lawyer on April 23 over President Donald Trump's executive orders targeting prominent law firms WilmerHale and Perkins Coie, at hearings testing claims that the president's actions were retaliatory and unlawful.   The employment rate for law school graduates hit record highs in 2024, according to data, released by the American Bar Association on April 23, defying predictions that a double-digit enrollment surge would weaken job prospects.   President Donald Trump's administration moved a Venezuelan man who had worked in construction in Philadelphia to Texas for possible deportation after a federal judge had issued an order blocking his removal from Pennsylvania or the United States, according to court records.   A federal judge on April 23 said President Donald Trump appeared to be targeting unions that have challenged his policies in court by stripping hundreds of thousands of federal employees of the ability to collectively bargain over working conditions.   Here’s your legal file 👇

Nearly 100 days into what Donald Trump and tech billionaire Elon Musk have called a mission to make the federal bureaucracy more efficient, Reuters found 20 instances where the staff and funding cuts led to purchasing bottlenecks and increased costs, paralysis in decision-making, longer public wait times, higher-paid civil servants filling in menial jobs, and a brain drain of scientific and technological talent.   "DOGE is not a serious exercise," said Jessica Riedl, a fellow at the Manhattan Institute — a fiscally conservative think tank that supports streamlining government. She estimates DOGE has only saved $5 billion to date, and believes it will end up costing more than it saves.   The examples — previously unreported — span 14 government agencies and were described in Reuters interviews with three dozen federal workers, union representatives and governance experts.   Read the full story ➡️ https://reut.rs/4lS5g79

Harvey Weinstein’s retrial on rape and sexual assault charges got underway on April 23, as a prosecutor and a defense lawyer offered starkly contrasting explanations for the disgraced movie mogul's encounters with women who hoped to make it big in Hollywood. Prosecutors have portrayed Weinstein as a serial predator who promised career advancement to women, only to then coax them into hotel rooms and private apartments where he overpowered and attacked them. Weinstein's lawyer Arthur Aidala rejected that characterization, saying the Oscar-winning producer had 'mutually beneficial' relationships with his accusers, who ended up with auditions and other show business opportunities. Lindsay Goldbrum, the lawyer of Kaja Sokola, who claims Weinstein assaulted her when she was a 16-year-old aspiring actress, accused the defense of 'victim blaming.' Read the full story for the latest updates ➡️ https://reut.rs/4jq6Tr2 #Weinstein #MeToo #Trial #Court #Hollywood #Lawyer