Grace Cary | Moment | Getty Images Inflation continued to throttle back in August, signaling that the fast-rising prices that plagued the U.S. economy for the better part of three years during the pandemic era are increasingly moving into the rearview mirror. Overall inflationary pressures are “dissipating,” said Sarah House, senior economist at Wells Fargo … Read more
A BurgerFi location is seen on August 20, 2024 in Arlington, Virginia. Tierney L. Cross | Getty Images BurgerFi filed for Chapter 11 bankruptcy protection on Tuesday, less than a month after it warned investors it had “substantial doubt” about its ability to operate. The company joins the growing list of restaurant chains that have … Read more
Until the Federal Reserve starts to cut interest rates, CNBC’s Jim Cramer on Tuesday advised investors to hold off on buying shares of Mondelez, a company behind a host snack and candy brands like Oreos, Chips Ahoy, Cadbury and Ritz crackers. “The stock’s run up dramatically, so if you want a piece of it, wait … Read more
A green tea pod inside a Keurig brand coffee maker, Dec. 17, 2022. Gado | Archive Photos | Getty Images The Securities and Exchange Commission has charged Keurig Dr Pepper over what the agency said are inaccurate claims by the company about the recyclability of its disposable K-Cup pods, the agency said Tuesday. Keurig has … Read more
Beyond Meat in El Segundo, California, on May 30, 2024. Christina House | Los Angeles Times | Getty Images Beyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers. CEO Ethan Brown said on Wednesday that the rollout will likely include a partnership with a restaurant chain … Read more
Coors beer is displayed on a store shelf on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty Images Molson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies. In an internal memo sent Wednesday and obtained by CNBC, Molson Coors executives said the … Read more
WEST SACRAMENTO, Calif. — Climate change is stressing rainforests where the highly sensitive cocoa bean grows, but chocolate lovers need not despair, say companies that are researching other ways to grow cocoa or develop cocoa substitutes. Scientists and entrepreneurs are working on ways to make more cocoa that stretch well beyond the tropics, from Northern … Read more
The Travel Agency on Fifth Avenue in New York Cityis an adult-use recreational marijuana dispensary. Courtesy: The Travel Agency Cannabis consumption has turned a corner — and now it’s on Fifth Avenue. Shoppers walking along the iconic New York stretch of retailers can pick up jewels from Cartier and new threads from Saks, as well … Read more
With fast-food customers revolting over higher prices, chains like McDonald’s, Burger King and Wendy’s are bringing back the value meal. Nearly 80% of Americans said they feel fast food has become a luxury and are eating out less, according to a LendingTree survey. To try to lure them back, fast-food chains have been touting their … Read more
Wingstop is not seeing the same consumer pullback that fast food chains like McDonald’s and Starbucks have experienced this year. Part of that success is because its traditional offering, chicken wings, is popular with watching live sports. “If you’re thinking about someone who has to make a decision on where to trim spending, the likelihood … Read more
