Food and drink
We’re exiting a drug stock for a nice gain and putting some of that money to work elsewhere
Traders work on the floor of the New York Stock Exchange (NYSE) on October 27, 2022 in New York City. Stocks continued their upward gains Thursday with the Dow rising nearly 400 points following a new GDP report that beat expectations. Spencer Platt | Getty Images Source
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Beer is on pace to lose its leading share of the U.S. alcohol market as spirits surge
Witthaya Prasongsin | Moment | Getty Images Beer is taking up less of the American booze market as beverage companies flood the market with buzzy new drink categories, including ready-to-drink cocktails. Even legacy beer companies have expanded outside of their staple beer products with innovations for spirits drinkers. Anheuser-Busch InBev, the world’s largest brewer, has […]
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Heineken careful as Europe’s beer ingesting starts off to slow
Heineken mentioned it has witnessed indications of slowdown in need for its beer in some European marketplaces immediately after its third-quarter gross sales rose by considerably less than expected. Image by Alex Tai/SOPA Pictures/LightRocket via Getty Photographs Heineken NV, the world’s 2nd-premier brewer, has noticed indicators of slowdown in demand for its beer in some […]
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Coca-Cola raises full-year outlook as earnings beat expectations
Coca-Cola on Tuesday raised its full-year outlook after beating Wall Street’s expectations for its quarterly earnings and revenue. The company also provided a look toward 2023, saying that it expects inflation to keep raising its expenses and commodity prices to stay volatile. Foreign currency is also projected to weigh on Coke’s earnings and revenue. However, […]
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Investment has been pouring into technology in the agriculture space. How to play it
Even before the coronavirus pandemic hit in 2020, the agriculture industry was dealing with a number of headwinds, from hurricanes and poor planning disrupting crop growth cycles to the impact of retaliatory tariffs slashing exports. When Covid hit, it highlighted existing issues and brought new ones, including supply and demand shocks to the food system […]
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Pink Bull co-founder Dietrich Mateschitz dies at 78
Pink Bull owner Dietrich Mateschitz celebrates with FC Crimson Bull Salzburg for the duration of the tipico Bundesliga match with SK Sturm Graz at the Pink Bull Arena on July 1, 2020 in Salzburg, Austria. David Geieregger | SEPA.Media| Getty Photographs Activity Austrian billionaire Dietrich Mateschitz, the co-founder of power consume company Pink Bull and […]
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Recession or not, investments in this sector have shown resilience in tough times
With the economic picture growing gloomier by the day, investors may be looking for sectors that have historically proven to be resilient during a recession. “Alcohol has the tendency to survive the times,” said Mark Neuman, chief investment officer and founder of Constrained Capital. His ESG Orphans exchange-traded fund, which has $1 million in assets […]
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Sunflowers, war and drought: Why the rate of margarine and butter spiked 32%
Jeff Greenberg | Common Pictures Team | Getty Photos Cue the collective gasp of cooks, bakers and foodies: Foods price ranges are up significantly — but none far more so than for butter and margarine. Costs for these substances and spreads jumped 32% in September as opposed to a calendar year ago, the most among […]
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This pandemic consumer trend is still going strong. How to get behind it
If you purchased a bicycle to stay fit during the pandemic, you likely don’t need another one. The same likely goes for that new sofa, the fire pit and all those scented candles. But if you brought home a puppy or adopted a kitten, that bundle of fur still needs to be fed and entertained, […]
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Utah’s cookie war heats up in court – and on social media
There’s a war going on in Utah – not over politics or drugs – but cookies. Crumbl Cookies, which has more than 300 stores in 36 states, has declared war on smaller competitors Dirty Dough (six stores in Utah and Florida) and Crave (nine stores in Utah and Florida.) And it’s setting social media ablaze. […]
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