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August 18, 2022

Food and drink

Looking for an offbeat European holiday? This island has its own rules, language and vodka

CNBC
CNBC – For more and to sign up click here It’s an island that is closer to France than to England — yet it is part of the British Isles.  It’s home to miles of tunnels built during World War II — but by German rather than British soldiers. And......

Shop at Costco, use a cash-back app: How to save on groceries as food inflation jumps at the fastest pace since 1979

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CNBC – For more and to sign up click here To feel the effects of inflation, just go to the supermarket. Although inflation, overall, began to ease last month along with gas prices, food costs climbed 1.1% in July, bringing the year-over-year gain to 10.9%, according to the latest Consumer Price......

Deliveroo first-half losses widen as food delivery firm plans exit from the Netherlands

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CNBC – For more and to sign up click here A Deliveroo rider near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance......

Restaurateur Danny Meyer says inflation has helped drive workers back into the food industry

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CNBC – For more and to sign up click here High inflation and the money-making opportunities it’s created have driven workers back to the restaurant industry, Danny Meyer told CNBC’s Jim Cramer on Tuesday. “There’s no question that menu prices are higher than they’ve ever been. But guess what that......

Chipotle to pay $20 million to NYC workers as part of settlement

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CNBC – For more and to sign up click here Chipotle restaurant in New York City Scott Mlyn | CNBC New York City Mayor Eric Adams and city officials announced Tuesday that Chipotle has agreed pay about $20 million to roughly 13,000 workers for violating their right to predictable schedules......

Food prices fell sharply in July — but the respite may not last

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CNBC – For more and to sign up click here Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the start of 2022. Olga Maltseva | Afp | Getty Images Food prices dropped......

George Clooney had tequila, Ryan Reynolds gin. For female celebrities? Wine is in

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CNBC – For more and to sign up click here Franckreporter | E+ | Getty Images Celebrities have long used their face and name to elevate alcohol brands, but George Clooney created the modern blueprint for cashing in on spirits when he sold his tequila company Casamigos to spirits giant......

3 takeaways from the Investing Club’s ‘Morning Meeting’ on Friday

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CNBC – For more and to sign up click here Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Banks could benefit from bigger rate hike Eli Lilly’s quarter saw misses, new drugs Quick......

Klondike responds to outraged fans, says the Choco Taco could be back ‘in the coming years’

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CNBC – For more and to sign up click here Less than two weeks after announcing the discontinuation of the Choco Taco, Klondike says that it is now exploring options to bring the popular treat back to ice cream trucks. The maker of the frozen confection tweeted on Wednesday that......

The price of a pint is going through the roof. Here’s why UK beer costs are far outpacing inflation

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CNBC – For more and to sign up click here LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the......

Beyond Meat cuts revenue outlook, says it’s trimming workforce

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CNBC – For more and to sign up click here Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its revenue forecast for the year and announced......

We’re adding four stocks to our Bullpen, including Starbucks and Airbnb

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CNBC – For more and to sign up click here As the baseball metaphor suggests, the Bullpen consists of stocks in reserve that we might consider buying and adding our portfolio. Source – Click here for more To Return to the Main Aggregate News Page – click here...

PepsiCo takes $550 million stake in energy drink maker Celsius

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CNBC – For more and to sign up click here Celsius Energy Drinks Courtesy: Celsius Holdings PepsiCo announced Monday a $550 million investment in energy drink maker Celsius Holdings as part of a long-term distribution deal with the smaller company. Shares of Celsius rose 8% in morning trading on the......

With bread prices skyrocketing, Lebanon waits for crucial wheat imports and international aide

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CNBC – For more and to sign up click here Since the start of the war, the Kremlin’s blockade on Ukrainian grain exports via the Black Sea has sent bread prices skyrocketing. Mahmoud Zayyat | Afp | Getty Images With Lebanon already facing its biggest economic crisis ever, the impact......

McDonald’s franchisees polled by an owners group overwhelmingly support no-confidence vote on CEO

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CNBC – For more and to sign up click here McDonald’s franchisees unhappy with changes being made to ownership terms are expressing a lack of confidence in the company’s CEO and U.S. president, according to a new survey of owners that was viewed by CNBC. The National Owners Association, an......

PepsiCo raises revenue outlook after sales and profit top expectations

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CNBC – For more and to sign up click here A customer holds a can of Pepsi beverage at a shopping mall on March 9, 2022 in Shaoxing, Zhejiang Province of China. VCG | Getty Images PepsiCo on Tuesday raised its revenue outlook for the year as consumers snacked on......

Dallas Cowboys criticized for announcing partnership with Black Rifle Coffee after mass shooting

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CNBC – For more and to sign up click here Owner Jerry Jones of the Dallas Cowboys attends training camp at River Ridge Complex on July 24, 2021 in Oxnard, California. Jayne Kamin-oncea | Getty Images The Dallas Cowboys are facing a backlash after the football team announced a partnership......

Outdoor cooking boomed during the pandemic, and Weber, Traeger and the grilling industry think it will stay hot

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CNBC – For more and to sign up click here Grilling caught fire amid the pandemic as stuck-at-home consumers searched for new ways to cook meals, as well as entertain and host family and friends safely outdoors. But while there are plenty of signs that the outdoor cooking craze is......

LVMH buys California wine giant Joseph Phelps as high-end drinks market soars

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CNBC – For more and to sign up click here LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. The deal delivers Moet one of the best-known California wine makers, famous for......

Juul asks court for temporary block on FDA’s ban of its e-cigarettes

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CNBC – For more and to sign up click here Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia. Elijah Nouvelage | Reuters Juul asked a federal appeals court on Friday to block the Food and Drug Administration’s ban on its e-cigarettes temporarily. The request......

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