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Exclusive-Ketchup maker Kraft Heinz investing $3 billion upgrading US manufacturing

NEW YORK (Reuters) -Kraft Heinz is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts. The upgrades will help lower costs by making the plants more efficient, which in turn may help offset President Donald Trump's tariffs, which factored into the company's decision to make the investment, said Pedro Navio, Kraft Heinz's president of North America, in an interview with Reuters. The investment also allows the packaged food maker to come up with and sell new products faster, he said.

5 Timeless Warren Buffett Quotes That Could Transform Your Investment Approach and Grow Your Wealth

Warren Buffett has uttered lots of words of wisdom, but they're more than just sound bytes. Since Buffett took over Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, it has returned an average annualized rate of 19.9% versus 10.4% for the S&P 500, or a total of 5,502,284% versus 39,054%. There are so many Buffett gems, but here is a curated list of actionable quotes that could help you achieve investing success.

Will XRP Hit $5? 3 Things That Could Make It Happen by 2027

There is a chance that XRP could double in value during the next couple of years. XRP's (CRYPTO: XRP) recent price is about $2.55, but during the next couple of years, there's a real chance that it could roughly double to reach $5 or higher. Ripple, the business that issues XRP, is also responsible for building features and platforms that the XRP Ledger can offer to the chain's target users.