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PepsiCo's quarterly earnings and revenue topped Wall Street's expectations.
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PepsiCo shares rallied Thursday after the beverage and snack giant indicated that new products and recent price cuts had brought back wary customers, while noting that it hadn't taken much of a hit yet from the Iran war.
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Executives at the food and drink giant announced a rise in sales of drinks and snacks but warned that "inflation will come."
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Billionaire Connie Ballmer and an anonymous donor showered the radio giant in donations, months after Congress stripped federal dollars for public media.
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Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
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