PepsiCo Inc. lowered its profit outlook as the snacks and beverage company said its recovery in North America is taking longer than expected.

PepsiCo plans to raise prices on some snacks and drinks and slash corporate costs after a disappointing performance in North America during the third quarter.

Pepsi's North American business continues to lag behind its international markets.

PepsiCo warned on Thursday that growth and margin recovery in its key North American market was taking longer than planned and said it would pursue additional cost cuts to offset sluggish demand for its snacks and beverages.

The Big Money Show' analyzes market volatility and economic growth. The panel discusses oil prices following President Donald Trump's comments on the Strait of Hormuz and Scott Bessent's call for the central bank to keep an open mind.

Oil prices fell on Friday as Middle East supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran ​before US elections next month amid productive talks to end their ‌war that has disrupted the market.

Fox News senior White House correspondent Jacqui Heinrich joins 'Special Report' to give the latest on President Donald Trump's social media statement about potential Iran strikes and recent campaign rally comments.

Oil traders who strapped into the market rollercoaster that began when the US resumed military strikes against Iran eight months ago are becoming more circumspect about buying or selling crude based on the words of President Donald Trump.