Food and drink
The ‘weight-loss trade’ has stalled. What it will take to revive investor interest
Anyone who’s been on a diet can likely relate: Those first lost pounds are met with a sense of euphoria. The voice inside one’s head screams: “I’ve got this!” But then, it inevitably becomes a slog. The initial novelty wears off, and the real work begins. Investors may see a parallel to the initial elation […]
Read More
Grubhub to pay $25 million in FTC settlement over harmful practices against diners, workers
An app-based delivery worker waits outside of a restaurant in New York City on July 7, 2023. Spencer Platt | Getty Images Grubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame Raoul over alleged unlawful practices that harmed diners, workers and small businesses, the FTC […]
Read More
82-year-old billionaire CEO shares his advice for the younger generation: ‘Have a go, don’t stand around thinking about it’
Jack Cowin is the founder and chairman of Competitive Foods Australia, the company that operates Hungry Jack’s. Mark Evans | Getty Images Sport | Getty Images At 82, self-made billionaire Jack Cowin has a number of simple truths about life and business to share. “I didn’t come from [money] … I’m kind of self-made. I […]
Read More
Why fast-food companies like KFC and Chick-fil-A are betting on chicken tenders again
Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favorite. Nearly half of all fast-food restaurants served the chicken item as of the third quarter, up 5.7% from the same period in 2019, according to […]
Read More
Coffee prices climb to near 50-year highs — and it may take years for the rally to run out of steam
A coffee cup with a printed message from Salvadoran President Nayib Bukele’s X account is pictured at Franco’s Pupusa restaurant in San Salvador on July 17, 2024. Marvin Recinos | Afp | Getty Images A record-breaking rally for coffee prices shows no sign of slowing down, analysts say, with some warning it could take years […]
Read More
He bought a KFC store in Australia for $100,000 in 1969. Today, his fast food company is worth over $3 billion
Jack Cowin, founder and chariman of Competitive Foods Australia. Courtesy of Jack Cowin As a kid, Jack Cowin shoveled snow, delivered newspapers and sold Christmas cards for cash. By the time he reached his 20s, it was burgers instead of cards. Fast forward to today: The 82-year-old is a billionaire, thanks to his fast food […]
Read More
Food prices are at their highest levels in over a year. And these items will get even more expensive
Athvisions | E+ | Getty Images Global food prices recently rose to an 18-month high, with some food baskets expected to continue climbing, according to market watchers. In October, world food commodity prices were at their highest since April 2023, according to the most recent data compiled by the United Nations’ Food and Agriculture Organization. […]
Read More
Constellation Brands’ stock falls as Trump tariff plan threatens to make Modelo and Corona more expensive
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Shares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25% tariff on Mexican imports once he’s inaugurated. Constellation imports all […]
Read More
Deaths of 6 travelers suspected to be caused by tainted alcohol. Here’s where incidents happen the most
Six travelers have died from suspected methanol poisoning after visiting the tourist town of Vang Vieng, Laos, this month. The travelers — two from Australia, two from Denmark, one from United Kingdom and one from United States — are believed to have consumed alcohol tainted with methanol, which is sometimes illegally added to regular or […]
Read More
McDonald’s to invest over $100 million to speed up recovery after E. coli outbreak
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images In the wake of last month’s E. coli outbreak tied to McDonald’s slivered onions, the fast food giant said it will invest over $100 million […]
Read More