Here’s which sectors are showing bifurcation

Coke beverages are displayed in a 7-eleven convenient store on July 17, 2025 in Austin, Texas. Brandon Bell | Getty Images Amid recession fears, a government shutdown and tariff uncertainty, consumers are increasingly diverging in their spending. Wealthier Americans are engaging their purchasing power, while lower-income Americans are starting to pull back — commonly described…

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Kraft Heinz taps Steve Cahillane as CEO ahead of breakup

Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Kraft Heinz on Tuesday announced that former Kellanova CEO Steve Cahillane will lead the company ahead of its planned split next year. Cahillane…

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House panel advances mammoth annual defense policy bill

The House Rules Committee on Tuesday evening advanced a sweeping bipartisan defense policy bill following months of work by the House and Senate Armed Services committees, clearing a major procedural hurdle and sending it to the House for consideration. The panel advanced the measure, called the National Defense Authorization Act (NDAA), by a record vote…

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