The consumer products conglomerate reported adjusted earnings of 42 cents per share and $2.624 billion in revenue. Analysts expected 39 cents in earnings per share and $2.578 billion in revenue, according to Refinitiv. Kraft Heinz — Kraft Heinz fell 3.75% in midday trading after Fitch Ratings cut its credit rating to below investment grade. Warren Buffett’s Berkshire Hathaway is the top equity holder in Kraft with 325 million shares, or 27% of shares outstanding, as of its latest SEC filing. Yel

Despite a roaring U.S. stock market, investors continue to pile money into the bond market at a record pace. Last week, in fact, set a new standard for cash flowing into fixed income funds with $23.6 billion of inflows, according to Bank of America Global Research. If that keeps up, the year will see another $1 trillion of inflows for the $10 trillion already in global bond market funds. “We’re seeing a rising tide lift all boats right now,” said Bill Merz, fixed income strategist at U.S. Bank W

He and other Democrats already were skeptical about President Donald Trump’s legal rationale for the attack without prior authorization from Congress. The chairman added, “To suggest that 18 years later this authorization could justify killing an Iranian official stretches the law far beyond anything Congress ever intended. Trump administration officials said after the strike that Soleimani had been planning imminent attacks on Americans and as a result had to be stopped. NBC News reported in mi

Chinese Foreign Minister Wang Yi speaks at a news conference after restoring diplomatic ties with Kiribati on the sidelines of the United Nations General Assembly in New York, U.S. September 27, 2019. MUNICH — Chinese Foreign Minister Wang Yi will travel to Germany this weekend to discuss the outbreak of the deadly coronavirus, among other national security issues. Wang is slated to give a keynote speech at the annual Munich Security Conference, which begins Friday and runs through Sunday. Follo

CNBC’s Jim Cramer said Friday business leaders he has spoken to are deeply worried about the coronavirus outbreak, citing as evidence the cancellation of the Mobile World Congress. “The people I know who were supposed to go there, it was kind of like a cruise — I’m not going there. I’m not going to risk going to Barcelona,” Cramer said on “Squawk on the Street.” “You’re not used to hearing these hard-bitten executives say, ‘I’m personally, personally worried,'” he added. But organizers this year

German President Frank-Walter Steinmeier addresses the opening speech of the 56th Munich Security Conference in Munich, southern Germany, on February 14, 2020. “Our closest ally, the United States of America, under the current administration, rejects the very concept of the international community,” he said. In his opening remarks, German President Frank-Walter Steinmeier warned that the United States would put its own interests first at the expense of allies. MUNICH — Germany’s president kicked

World health officials are working with Chinese authorities to determine when the 1,716 health workers in the country were infected with the COVID-19 coronavirus, World Health Organization officials said Friday. Earlier in the day, China’s National Health Commission said that 1,716 health workers in the country had been infected with the coronavirus and six of them have died. It was the first time China published figures specifically relating to infected medical personnel. She said there are cur

U.S. President Donald Trump delivers remarks to U.S. troops in an unannounced visit to Bagram Air Base, Afghanistan, November 28, 2019. REUTERS/Tom BrennerA senior U.S.official said Friday the United States and the Taliban have reached a truce agreement that will take effect “very soon” and could lead to withdrawals of American troops from Afghanistan. The official said the agreement for a seven-day “reduction in violence” to be followed by the start of all-Afghan peace talks within 10 days is ”

An employee uses a flash grinder to smooth out the metal frame of a sports utility vehicle (SUV) on the production line at the General Motors Co. (GM) assembly plant in Arlington, Texas. Automakers working to restart manufacturing in China amid the coronavirus outbreak are trying to prevent operations elsewhere from being affected by supply shortages. General Motors confirmed Friday it is closely monitoring the supply chain for its highly profitable truck production in North America, spokesman D

Riyad Mahrez of Manchester City in action during the Premier League match between Manchester City and Huddersfield Town at Etihad Stadium on August 19, 2018 in Manchester, United Kingdom. The Union of European Football Associations (UEFA) declared on Friday it has banned Manchester City from European competitions for two seasons for “serious breaches” of financial regulations. The club, last year’s champion of the English Premier League, was also fined 30 million euros ($33 million) by UEFA. Man

The Department of Justice said Friday that it has dropped its criminal investigation against former FBI Deputy Director Andrew McCabe and will not press charges against him. The DOJ’s internal watchdog concluded that McCabe “lacked candor, including under oath” when answering questions about the leaks. “We are pleased that Andrew McCabe and his family can go on with their lives without this cloud hanging over them.” Trump targeted McCabe throughout the two year Mueller probe, frequently attackin

Disgraced lawyer Michael Avenatti was convicted Friday by a jury of all three charges related to his efforts to extort up to $25 million from athletic apparel giant Nike. The lawyer, who had briefly flirted with running for president, faces two other pending federal criminal cases this spring related to alleged thefts from clients, including Daniels, and other charges. Prosecutors said Avenatti’s audacious bid was spurred by a desperate need to get out from crushing debt of more than $11 million

After 23 years of working with publishers, Quantic Dream no longer has to rely on them for funding: The developer behind games like Heavy Rain and Detroit: Become Human will self-publish games in the future. Founded in 1997, Paris-based Quantic Dream has always been known for games that focus heavily on narrative, and more recently, on interactive stories that are dictated by player choices. The last new game from Quantic Dream was 2018’s Detroit: Become Human, which was originally published by

Once upon a time, before he was a star researcher in the world of Pokémon, Professor Oak was a trainer. A Pokémon Masters update hitting Friday will introduce Professor Oak as a sync pair, and the Pokémon expert will come equipped with a legendary Mew that he will use in battle with the player. The concept went on to be used in Pokémon X and Y, where the player can actually face off against Professor Sycamore. In this case, however, Professor Oak will fight alongside you, not against you. Actual

Untitled Goose Game already had its moment in the sun during The Game Awards in December, but that awful little bird was back again this week, winning game of the year (among other honors) at the 2020 DICE Awards. It’s a remarkable feat for the tiny team at Melbourne, Australia-based House House, which was unable to attend the awards in person. Even more remarkable is the fact that all of the previous GOTY winners in the DICE Awards’ 23-year history are games from big-name publishers. this is ex

In what is almost certainly the most wholesome video of 2020 so far, Destiny content creator Fallout Plays and his pal Ryan helped carry a 9-year-old child to max rank in Destiny 2’s competitive multiplayer playlist. The nearly 20-minute video is mostly gameplay, where Fallout and Ryan have lovely conversation with CJ, the Destiny-loving child. Having worked with Fallout Plays before on our random roll weapon guide, we messaged him a few questions about the experience with CJ. But with CJ, Fallo

State of Decay 2 is getting a big, free update that veers closer to a No Man’s Sky-style overhaul than a run-of-the-mill content patch. Developer Undead Labs is calling the update the “Juggernaut Edition,” and it’s a wide-ranging remaster of State of Decay 2’s graphics and audio. The Juggernaut Edition also packs in previous expansions, including the side campaign Heartland, and makes them free to everyone, too. State of Decay 2 (with its Juggernaut Edition update) is also coming to Steam; it ha

Dracula is dead, as Alucard reminds us in the new trailer for Castlevania season 3, but there’s plenty of evil still left to contend with in Wallachia. Our heroes, Sypha Belnades, Trevor Belmont, and Alucard, are still out here battling the forces of darkness in season 3. And animated house Powerhouse Studios appears to have stepped things up for the third season, with hints of some incredibly dynamic action in the new Castlevania trailer. Netflix confirmed a third season of Castlevania in Octob

We finally know who was behind the door at the end of Stranger Things season 3 , As it turns out, it was a familiar face. note: For those going in blind, this post contains a big spoiler from Stranger Things season 4.] The first teaser for season 4, which Netflix released on Friday morning, confirms that Hopper is alive. The season 4 teaser is called “From Russia With Love,” a nod to the 1963 Sean Connery Bond movie of the same name. But expect Stranger Things season 4 sometime later this year.

The current manufacturing cost of the PS5, Bloomberg says, is around $450. Bloomberg says Sony is taking a wait-and-see approach — meaning, waiting to see how Microsoft prices its Xbox Series X console — to setting the PS5’s price. When Sony unveiled first details on the PS5 last year, the console sounded more expensive than the $399.99 PlayStation 4 Pro. We may not know the price of the PlayStation 5 (or the Xbox Series X) until June at the earliest. Both the PS5 and Xbox Series X are planned t