Food and drink
From Hyatt to Holiday Inn, America’s free hotel breakfast is facing a K-shaped economic threat
Jeff Greenberg | Universal Images Group | Getty Images At some point in the 1980s and 90s, the free hot breakfast became a staple of the hospitality industry. At many a Holiday Inn or Hampton Inn, the lobby at 8 a.m. is a pinwheel of pajama-clad kids, frazzled parents, and solo business travelers jockeying for […]
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AI startups want to crack open the recipe book in Big Food’s test kitchens
In the world of big food, artificial intelligence is nothing new. McCormick, which owns brands including Frank’s RedHot, Cholula and Old Bay, has been using AI in flavor development for nearly a decade, with the company saying its development timelines have been cut by 20% to 25%, on average, by identifying promising flavor combinations and narrowing down which ideas are […]
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Instacart jumps 14% on strong results as CEO calls grocery competition fears ‘overblown’
Jakub Porzycki | Nurphoto | Getty Images Instacart‘s stock surged more than 14% after the company’s robust results alleviated worries over mounting competitive pressures in the grocery delivery market. During an earnings call with analysts, CEO Chris Rogers, who took the helm last year, called the concerns “overblown” and said the company monitors threats “extremely […]
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Instacart stock pops 14% on revenue beat, rosy guidance
Instacart shares climbed 14% during extended trading on Thursday after the grocery delivery company reported strong fourth-quarter revenue and upbeat guidance. Here’s how the company did versus LSEG estimates: Earnings per share: 30 cents vs. 52 cents expected Revenue: $992 million vs. $974 million expected Revenue grew 12% from a year ago. Net income totaled […]
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Kraft Heinz pauses work to split the company as new CEO says ‘challenges are fixable’
Kraft Heinz in September 2025 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 Wednesday said that it is pausing work on its previously announced plans to split the company. Shares […]
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Uber Eats launches AI cart assistant for grocery delivery
An Uber Eats bag in the Brooklyn borough of New York, US, on Thursday, Jan. 15, 2026. Michael Nagle | Bloomberg | Getty Images Uber Eats is bringing artificial intelligence to your next grocery shopping list. The ride-hailing company said on Wednesday that its food delivery platform is debuting a new AI assistant that lets […]
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Coca-Cola earnings beat estimates, as demand for its drinks begins to improve
Cases of Coca-Cola brand soda are stacked at a Costco Wholesale store on November 13, 2025 in Simi Valley, California. Kevin Carter | Getty Images Coca-Cola reported its fourth-quarter earnings before the bell on Tuesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Adjusted earnings per share: […]
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Shares of Jennifer Garner’s Once Upon a Farm pop 20% in public market debut
Jennifer Garner, co-founder of Once Upon a Farm, center, and Cassandra Curtis, co-founder of of Once Upon a Farm, center right, during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, Feb. 6, 2026. Michael Nagle | Bloomberg | Getty Images Once […]
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Cheaper tequila and canned cocktails were the only bright spots for booze during a rough 2025
Various cans of alcoholic ready-to-drink beverages including Captain Morgan Rum and Coke, Bacardi MoJito, Archers and Lemonade, Malibu and Pineapple, Pina Colada Cocktail and Gordon’s Gin and Tonic are displayed for sale in a supermarket on January 10, 2024. John Keeble | Getty Images The U.S. alcohol industry had another sobering year in 2025. Spirits […]
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PepsiCo earnings beat estimates as drinks sales pick up around the world
Packages of Pepsi are displayed on a store shelf on Oct. 9, 2025 in San Anselmo, California. Justin Sullivan | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by improving organic sales across its business. Shares of the food and beverage giant fell more than 1% in premarket trading. Here’s […]
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