Uma Valeti, CEO and founder, UPSIDE Foods speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, October 18, 2021. David Swanson | Reuters The Food and Drug Administration...
Tag: Food and drink
Avian flu threatens British food staples, from English breakfast to Christmas dinner
Egg shortages could be on the cards as avian flu sweeps through Europe. Sam Mellish / Contributor / Getty Images LONDON — The classic English fry-up and traditional Christmas turkey dinner could be un...
Tyson CFO apologizes to investors after arrest for public intoxication, trespassing
John Tyson mugshot Source: Washington County, Arkansas Tyson Foods CFO John Tyson apologized to investors on Monday for his arrest for public intoxication and trespassing. CEO Donnie King said that th...
Juul strikes financing deal, plans to cut 30% of jobs to dodge bankruptcy
Packages of Juul e-cigarettes are displayed for sale in the Brazil Outlet shop on June 22, 2022 in Los Angeles, California. Mario Tama | Getty Images Juul Labs said Thursday it secured financing from ...
Keurig Dr Pepper CEO resigns after violating code of conduct
The Keurig Dr Pepper logo is displayed on a smartphone screen. Rafael Henrique | Lightrocket | Getty Images Keurig Dr Pepper announced Thursday that CEO Ozan Dokmecioglu agreed to resign after violati...
Beyond Meat (BYND) Q3 2022 earnings
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday...
Tyson Foods CFO arrested for public intoxication, falling asleep in wrong house
John Tyson mugshot Source: Washington County, Arkansas Tyson Foods CFO John Tyson was arrested early Sunday in Arkansas after allegedly becoming intoxicated and falling asleep in the wrong house. Tyso...
Food and wine trips to France, Italy, Spain and the UK
When Colin and Jenoa Matthes left their home state of Utah to embark on a world tour in 2019, they found themselves drawn to the food scenes in places like France and Italy. “We really loved, es...
Workers at NYC Starbucks and Amazon Go store file petition to unionize
Amazon and Starbucks stop Union Busting sign, International Workers Day, United Against Union Busting March and Rally, Workers Circle, Amazon Labor Union, NY Immigration Coalition, Make the Road, NYC ...
Beer is on pace to lose its leading share of the U.S. alcohol market
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 cocktai...
Coca-Cola (KO) Q3 2022 earnings
Coca-Cola on Tuesday raised its full-year outlook, predicting that its two-pronged strategy of hiking prices and offering more affordable options will keep driving sales growth. Inflation is expected ...
Domino’s Wants You to Pick Up Your Pizza (and Pay More for It)
Domino’s Pizza (DPZ) made its mark by offering a fast-food type of pizza service option. Domino’s marketing promotion to deliver pizza in 30 minutes really helped the company grow. The company expan...
Beyond Meat to cut 19% of its workforce as sales, stock struggle
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 plans to cut 19% of its workfo...
Beyond Meat exec Doug Ramsey out after nose bite arrest
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey, who had been suspended following an arrest for assault, has left the company. Ramsey left the compan...
Spotted lanternflies feast on grapevines, put vineyards at risk
It’s 2 p.m. in Pylesville, Maryland, and Mike Fiore is patrolling the vineyards he’s owned since 1975 for an insect that recently began wreaking havoc on his property – the invasive spotte...
Domino’s Pizza (DPZ) reports Q3 2022 earnings
An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza reported mixed third-quarter results Thursday ...
$100 million NJ deli defendant hires lawyer who repped Martin Shkreli
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Peter Coker Sr., one of the defendants in the case of the so-called $100 million New Jersey deli, hired a lawyer who represented “pharma bro̶...
Canned cocktails get more popular as hard seltzer fizzles
Boxes of Cutwater Tiki Rum Mai Tai canned cocktails in a retail store in Pleasant Hill, California, February 11, 2022. Gado | Archive Photos | Getty Images Hard seltzer has lost its fizz. Now canned c...
What Nike’s earnings report tells us about 3 consumer stocks in our portfolio
A warning from Nike (NKE) in its first-quarter earnings report has given us some serious insights into a handful of consumer stocks in the portfolio. We call them “readthroughs”: valuable ...
Unions could face obstacle in 2023 if economy falls into recession
Hannah Whitbeck (C) of Ann Arbor, Michigan, speaks as Alydia Claypool (L) of Overland Park, Kansas, and Michael Vestigo (R) of Kansas City, Kansas, all of whom say they were fired by Starbucks, listen...
McDonald’s rejects franchise owners’ request to delay big changes, letter says
A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group r...
Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man’s nose in an Arkansas parking garage fol...
Big Changes Coming to Starbucks in Target, Kroger
Starbucks (SBUX) has been in Target (TGT) locations for well over two decades. Since 2003, a Starbucks coffee shop has been put in almost all of the new builds of Target stores, (as long as there ...
How to save money as food inflation jumps more than 11% in a year
Going to the grocery store isn’t getting any cheaper. Rising food costs helped push inflation higher again last month, despite a drop in gas prices. The food index alone rose 11.4% over the past...
Jim Beam ramps up bourbon production in $400 million renewable energy push
Bottles of Jim Beam Kentucky Straight Bourbon whiskey stand on display during a news conference in Tokyo, Japan, Jan. 30, 2020. Noriko Hayashi | Bloomberg | Getty Images Beam Suntory said Wednesday it...
Michael Jordan tequila brand Cincoro launches new $350 blend
Cincoro launched in 2019 by NBA owners Michael Jordan of the Charlotte Hornets, Jeanie Buss of the Lakers, Wes Edens of the Bucks and Emilia Fazzalari and Wyc Grousbeck of the Celtics. Source: Cincoro...
Still oversold, buy Starbucks, ESPN’s future
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 Monday’s key moments. Stocks add to last weekR...
Fish and chip shops fear for survival as energy, prices surge
SKEGNESS, England – Aug. 30, 2022: Salt’s fish and chip shop in Skegness, Lincolnshire. Manager Liam Parker told CNBC the family business is looking to cut costs through the winter as soar...
NYC sues Starbucks for coffee chain’s firing of union organizer
A cup of Starbucks coffee sits on a table in a cafe. Joel Boh | Reuters New York City is suing Starbucks over allegations that the company wrongfully terminated a barista and union organizer. The city...