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INSANE: 5 | Vintage Vibes

Iraqi deadlock continues with elites unable to form government

Iraq’s Sadrists, the biggest grouping in parliament, have been unable to form a government since October’s elections.

Al Jazeera

Better Buy: Keurig Dr Pepper vs. Monster Beverage

High inflation and the Fed’s aggressive interest rate increases could push the U.S. economy into a recession. But since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, the stocks of prominent beverage companies Keurig Dr Pepper (KDP) and Monster Beverage (MNST) should stay afloat.…

StockNews.com

Intra-Kurdish Rapprochement Paves Way for Resolving Political Impasse in Iraq

Kurdistan Region President Nechirvan Barzani revealed that common ground has been outlined for resolving the political impasse in the region and all of Iraq, announcing at the same time the suspension of media campaigns between the two main parties in the region, the Kurdistan Democratic Party (KDP) and the Patriotic…

Asharq Al-Awsat

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4 Consumer Defensive Stocks to Buy as Inflation Remains Elevated

Inflation has surged to record levels. And in a high inflationary environment, consumer defensive stocks do well due to the almost inelastic demand for their products. So, since inflation is expected to remain elevated due to high energy prices and supply chain issues, we think it could be wise to…

StockNews.com

5 Consumer Staples Stocks to Protect Your Portfolio from Stagflation

Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a recession. Since consumer staples companies weather recessionary pressure well because of inelastic demand for their products, we think it could be wise to bet on the stocks of fundamentally sound…

StockNews.com

Keurig Dr Pepper's Q1 Bottom-Line Matches Street View; Affirms FY22 Adjusted EPS Outlook

Keurig Dr Pepper Inc (NASDAQ:KDP) reported first-quarter FY22 sales growth of 6.1% year-on-year to $3.08 billion, above the consensus of $3.01 billion. Net sales growth was driven by favorable net price realization of 6.3%, slightly offset by a lower volume/mix of 0.2%. On a two-year basis, constant currency net sales advanced 17.5% versus…

Benzinga

Keurig Dr Pepper: A Stable Dividend Stock You Can Count On

Leading beverage producer Keurig Dr Pepper (KDP) paid its latest quarterly dividend on April 15. With a leading market position in the beverage industry and strong cash flows, KDP is well-positioned to pay consistent dividends in the coming years. So, as the threat of a recession looms, we believe investing…

StockNews.com

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Political Divisions Threaten to Scupper Kurdistan Parliamentary Elections

The sharp divisions between Kurdish parties over the formation of the federal government in Baghdad reflect the sharp divisions in the Iraqi Kurdistan Region that is bracing to hold parliamentary elections in October. The lingering disputes have however, cast serious doubts that the polls will be staged. Observers believe the…

Asharq Al-Awsat

Keurig Dr Pepper Raises $3B Via Debt Offering

Keurig Dr Pepper Inc (NASDAQ:KDP) has priced the public offering of senior notes consisting of $1 billion of 3.950% senior notes due 2029, $850 million of 4.050% senior notes due 2032, and $1.15 billion of 4.5% notes due 2052. The company expects the net proceeds from the offering to be about $2.961 billion.…

Benzinga

Keurig Dr Pepper Names Ozan Dokmecioglu To Succeed Bob Gamgort As CEO

Keurig Dr Pepper Inc (NASDAQ:KDP) has appointed Ozan Dokmecioglu, currently CFO & President of International, as its next Chief Executive Officer, effective July 29, 2022. Bob Gamgort, Chairman and CEO, will serve as Executive Chairman of Keurig for two years to support the transition. In addition, Gamgort has committed to remaining a significant…

Benzinga

Iraq Plunges in Constitutional Vacuum

Iraq will plunge in constitutional vacuum on Wednesday after parliament thrice failed to elect a new president. Forty candidates are running for the post, including incumbent Barham Salih, nominated by the Patriotic Union of Kurdistan (PUK), and Rebar Ahmed, nominated by the Kurdistan Democratic Party (KDP). Ahmed was nominated after…

Asharq Al-Awsat

Kadhimi: Corruption Rampant in Iraqi State Institutions

Outgoing Iraqi Prime Minister Mustafa al-Kadhimi voiced his regret over the damage caused to the state by to the difficult political and social conditions experienced by the country over the past decades. This has reflected badly on citizens’ trust in their state and has stirred a moral dilemma on dealing…

Asharq Al-Awsat

Iraqi MPs Try for Third Time to Elect New President

Iraqi lawmakers were Wednesday set to try for a third time to elect a new national president after two previous attempts failed because of boycotts. Half a year after October 2021 legislative elections, Iraq still does not have a new president or prime minister, keeping the war-scarred country in a…

Asharq Al-Awsat

Iraq’s lawmakers delay presidential vote as political standstill continues

Iraq's parliament on Saturday postponed once again a session to elect the country's new president over a lack of quorum.

France 24

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Asharq Al-Awsat

Iraq Parliament Fails to Elect New State President over Lack of Quorum

Iraq's parliament failed again on Saturday to vote for a president after Iran-backed groups boycotted the session, in a setback to an alliance led by cleric Moqtada al-Sadr which won the election and threatened to remove them from politics. Sadr had hoped parliament would elect Rebar Ahmed, a veteran Kurdish…

The Hindu

Minister directs officials to act against vehicles carrying sand beyond permitted limits

Several issues, including insufficient infrastructure in schools, come up for discussion at KDP meeting

Asharq Al-Awsat

Iraqi Presidential Amnesty for Drug Smugglers Turns into Political Scandal

An amnesty issued by Iraqi President Barham Salih to the son of the al-Najaf province governor after he was convicted of drug dealing has turned into a political scandal in the country. The president had issued the amnesty at the recommendation of Prime Minister Mustafa al-Kadhimi, but the affair has…

Benzinga

Keurig Dr Pepper's Q4 Revenue Tops Consensus; Affirms FY22 Outlook

Keurig Dr Pepper Inc (NASDAQ:KDP) reported fourth-quarter FY21 sales growth of 8.7% year-on-year, to $3.39 billion, beating the consensus of $3.30 billion. Net sales increase reflected strong growth in Packaged Beverages, Beverage Concentrates, and Latin America Beverages. On a constant currency basis, net sales advanced 8.5% Y/Y and 15.7% versus Q4 2019. Net…

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Benzinga

A Look Into Keurig Dr Pepper's Debt

Over the past three months, shares of Keurig Dr Pepper (NASDAQ:KDP) moved higher by 9.66%. Before we understand the importance of debt, let us look at how much debt Keurig Dr Pepper has.

The Hindu

District Minister instructs officers to maintain law and order in Shivamogga

Minister for Sericulture, Youth Empowerment and Sports K.C. Narayana Gowda has instructed the Shivamogga district administration to take appropriate measures to ensure peace on campuses of educational institutes. He gave this direction in a KDP review meeting held in Shivamogga on Saturday, in the wake of the recent protests by…

Asharq Al-Awsat

Talbani's Shiite Allies Advise Him to Reach Understanding with Barzani over Iraq Presidency

The Kurdistan Democratic Party (KDP) has submitted a new candidate to run in Iraq's presidential election. The Federal Supreme Court had barred the KDP's preferred candidate, former minister Hoshyar Zebari, from running over corruption allegations. Kurdish media that is close to the party identified the new candidate as Reber Ahmed…

The Independent UK

Iraq court bars veteran Kurdish politician from presidency

Iraq’s top court has banned a veteran Kurdish politician from the country’s presidency, citing lingering corruption allegations

Asharq Al-Awsat

Sadr Orders MPs to Boycott Iraqi Presidential Election

Head of Iraq's Sadrist movement, cleric Moqtada al-Sadr announced on Friday the suspension of negotiations over the election of a new president. Sadr had been negotiating with the rival Coordination Framework over the elections, which are set for Monday. His announcement came a day after reports said his representative, as…

StockNews.com

4 Consumer Defensive Stocks to Buy to Protect Your Portfolio as the Nasdaq Enters Correction Territory

Concerns over high inflation and the Federal Reserve’s plan to raise interest rates has led to the tech-heavy Nasdaq into correction territory lately. Therefore, we think it could be wise to bet now on consumer defensive stocks because they typically perform relatively well in an inflationary environment. Inelastic product demand,…

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