Food and drink
Third-quarter earnings are indicating a divided economy
A Taco Bell restaurant in El Cerrito, California, US, on Tuesday, April 29, 2025. David Paul Morris | Bloomberg | Getty Images With more consumer companies preparing to report third-quarter earnings this week, Wall Street will be watching for signs of a bifurcated or “K-shaped” economy as consumers diverge in their spending behaviors. There have […]
Read More
‘Trump effect’ raises hopes for cannabis rally as investors bet on federal reforms, softer marijuana stance
Oils containing CBD (Cannabidiol). Geoffroy Van Der Hasselt | AFP | Getty Images Cannabis stocks could be poised for a rally after years of stagnation, fueled by investor optimism over the possibility for new federal rules for hemp-derived products and signals that President Donald Trump could take a more permissive stance on marijuana. Publicly traded […]
Read More
Chocolate’s reign over Halloween is under threat from inflation, tariffs and high cocoa prices
A customer shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty Images The scariest thing haunting Halloween this year isn’t a ghost, goblin or ghoul — it’s the price of chocolate. From Snickers to Reese’s to Twix, one of America’s favorite indulgences is getting more […]
Read More
How a lapse in SNAP benefits could affect consumers and retailers
A man holds a sign reading “SNAP Feeds Families,” as food aid benefits will be suspended starting November 1 amid the ongoing U.S. government shutdown, during “A Rally for SNAP” on the steps of the Massachusetts Statehouse in Boston, Massachusetts, U.S., October 28, 2025. Brian Snyder | Reuters Nearly 42 million Americans are days away […]
Read More
How a cheese ban drove a new wedge between the UK and EU
European consumers are facing higher prices when going to the supermarket. Andia | Universal Images Group | Getty Images Relations between the the U.K. and European Union are arguably at the best they’ve been since the Brexit vote in 2016 but there’s an ongoing cold front between the neighbors over a ban on continental cheese […]
Read More
Taco Bell tries to woo younger customers with Live Más Café’s flashy beverages
IRVINE, Calif. — Taco Bell is going all in on beverages, starting with its Live Más Café concept. The Yum Brands chain unveiled the drink-focused store format last December, with the first location in Chula Vista, California. Ten months later came the second location, near the University of California, Irvine, campus. By the end of […]
Read More
Here’s where the economy is starting to show ‘K-shaped’ bifurcation
Jasondoiy | E+ | Getty Images Amid recession fears, a government shutdown and tariff uncertainty, consumers are increasingly diverging in their spending. Wealthier Americans are engaging their purchasing power, while lower-income Americans are starting to pull back — commonly described as a “K-shaped” economy. Friday’s consumer price index report could shed more light on the […]
Read More
U.S. government shutdown delays Unilever’s Magnum ice cream spin-off
Packets of Walls Cornetto, Magnum and Ben & Jerry’s ice cream are displayed on March 20, 2024. John Keeble | Getty Images News | Getty Images Consumer goods group Unilever is delaying the spin-off of its Magnum Ice Cream unit due to the U.S. government shutdown, it said on Tuesday, the latest example of global […]
Read More
Coca-Cola tops earnings and revenue estimates but says demand for drinks is still soft
Sina Schuldt | Picture Alliance | Getty Images Coca-Cola reported quarterly earnings and revenue that topped expectations, but the beverage giant said that demand for its drinks is still soft. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings per share: 82 cents adjusted vs. 78 cents […]
Read More
In 2016, she made gut-healthy drinks in her kitchen. 9 years on, she sold her soda brand to PepsiCo for $2 billion
Allison Ellsworth is the co-founder of Poppi. Courtesy of Allison Ellsworth In 2015, Allison Ellsworth was in her kitchen experimenting with different gut-healthy drink recipes, trying to make apple cider vinegar taste good. Little did she know that the concoctions she was mixing would eventually become a billion dollar business. Today, the 38-year-old is the […]
Read More