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Dominant Spain crush Costa Rica 3-0 in World Cup group opener
  + stars: | 2023-07-21 | by ( ) www.reuters.com   time to read: +4 min
Costa Rica goalkeeper Daniela Solera saved a first-half penalty, but Spain were never threatened at the other end and went top of their group ahead of Japan's game against Zambia on Saturday. There are tight results in the World Cup," she said. Costa Rica could have conceded more if not for the heroics of Solera in goal as she made timely interventions and reflex saves. Costa Rica had their opportunities on the counter-attack but they were quickly snuffed out and they managed only one shot compared to Spain's 45. "For 22 minutes we were compact but after the own goal the whole team lost concentration," Costa Rica coach Amelia Valverde said.
Persons: Casey Reibelt, Spain's Aitana Bonmati, Amanda Perobelli WELLINGTON, Bonmati, Esther Gonzalez, Daniela Solera, Jorge Vilda, Alexia Putellas, Esther, Alexia, Vilda, Putellas, Athenea del Castillo, Ivana Andres, Costa Rica's Valeria del Campo, smartly, deservedly, Solera, Gonzalez, Jennifer Hermoso's, Amelia Valverde, Rohith Nair, Peter Rutherford, Toby Davis Organizations: Soccer Football, FIFA, Wellington Regional, Costa Rica, Zambia, Athenea, Spain, Thomson Locations: New Zealand, Spain, Costa Rica, Wellington , New Zealand, Costa, Costa Rica's, Barcelona, Bengaluru
With the demand for electric batteries sky-high, mining companies are moving to the salt flats of the Andes, where over half of the world's known lithium reserves are stored. In June 2023, Bolivia signed deals with Chinese and Russian companies to massively expand its lithium mining sector. But locals are concerned about the possible impact on their scarce water supplies and fear they will lose out in the 'white gold' rush occurring in their own backyard. These regions are among the driest on Earth and have been subjected to a megadrought for more than a decade — so every drop of water removed for mining is a cause for concern.
Locations: Bolivia
Although full-calorie options still dominate the soda segment, diet sodas now represent more than a quarter of sales. Diet Coke, Coke Zero, Pepsi Zero Sugar and Diet Mountain Dew all contain aspartame. For most adults, that means drinking less than nine to 14 cans of diet soda every day. Even so, Edward Jones analyst Brittany Quatrochi said she isn't expecting a big hit to diet soda sales. Besides diet sodas, aspartame can also be found in a variety of foods, including breakfast cereals, chewing gum and ice cream.
Persons: Coke, sodas, Cowen, TD Cowen, Vivien Azer, Garrett Nelson, Gerald Pascarelli, Francesco Branca, Hugh Johnston, CFRA's Nelson, Edward Jones, Brittany Quatrochi, isn't, Keurig Dr Pepper, Kevin Keane Organizations: Health, International Agency for Research, Cancer, World Health Organization, Pepsi, WHO, CNBC, PepsiCo, Reuters, Diet Pepsi, Pepsi Zero, Coke, American Beverage Association, Keurig, ABA Locations: Diet, Coke
PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts' expectations, despite falling demand for its drinks and food. Shares of the company rose more than 2% in premarket trading. But the company's volume fell as higher prices for its snacks and drinks hurt demand. Quaker Foods North America's volume shrank 5%, and Pepsi's North American beverage unit reported volume fell 4.5% in the quarter. However, Frito-Lay North America was one bright spot, reporting 1% volume growth.
Persons: Ruffles Organizations: Pepsi, PepsiCo, Refinitiv, Quaker, Frito, Lay, Lay Minis Locations: Crockett , California, America
Avocados sliced, cored and peeled by the Autocado robot created by Chipotle and Vebu Labs. The fast-casual chain developed the collaborative robot, or cobot, in partnership with Vebu Labs, a California-based robotics startup. Chipotle Mexican Grill has developed a robot that can cut, core and peel avocados used in its guacamole as the restaurant industry faces a sustained labor shortage. To prepare avocados using the Autocado, Chipotle employees load up the device with a full case of the ripe fruit. Preparing avocados for guacamole routinely ranks as one of employees' least favorite tasks, Garner said.
Persons: Carl's, Chipotle, Curt Garner, Garner, Vebu, It's, We've, we'll Organizations: Vebu Labs, baristas, CNBC, Employees, guacamole, Miso Robotics Locations: Naperville , Illinois, California, Vebu
A Category 5 cyclone hit Western Australia the week we arrived. It was about 800 miles north of us, but on our first night, wind gusts tossed our R.V. During Covid, living in Australia, where state and national borders were closed for more than a year, that was impossible. We feared snags at airports, Covid, quarantine, labor shortages that slashed services. Travel had changed.
Persons: Amelia, , Diana, “ We’ll, , We’d, I’d Organizations: New York Times, Travel Locations: Australia, Western Australia, Covid
Restaurateur Danny Meyer doesn't think customers need to tip when they pick up takeout or buy coffee. Meyer founded Shake Shack and serves as chair of its board. He also founded Union Square Hospitality Group, which mostly operates full-service restaurants. The company's eateries include Union Square Cafe, Gramercy Tavern and fast-casual chain Daily Provisions. As more businesses adopt Square's and Toast's point-of-sale systems, customers are getting more used to being prompted to tip as they pay.
Persons: Danny Meyer, Meyer Organizations: Shake, Square Hospitality, Gramercy Tavern
“Getting an IV at home after a hangover is like a flex,” said Dr. Abe Malkin, the chief executive and founder of Drip Hydration. I don’t need to sit and suffer.’”Many users see the drips as an add-on to a weekend splurge, especially in party destinations. In Miami, Lupo Yachts, a charter luxury tour company, offers a suggestion for an IV drip company to groups. Let’s fix you.’”Hospitals use IV drips regularly to hydrate patients, said Dr. Ali Raja, the deputy chair of emergency medicine at Massachusetts General Hospital. Dr. Raja said that there was only limited scientific research into the treatments.
Persons: , Abe Malkin, Lupo, Michael Lupolover, , ‘ I’m, I’m, ’ ”, Rob McAdams, Ali Raja, Raja Organizations: In Miami, Lupo Yachts, Massachusetts General Hospital Locations: Las Vegas, Coachella, In, Massachusetts
Protesters in Seattle join a Starbucks Workers United strike over what the union alleges is a change in policy over Pride décor in stores. More than 150 stores pledged to join the strikes around the country, representing nearly 3,500 workers, Workers United said. In the NLRB complaint Monday tied to the union's allegations, Starbucks said the "union and its agents have engaged in a smear campaign that includes deliberate misrepresentations to Starbucks partners." "The union's violations have ignited and inflamed workplace tension and division and provoked strikes and other business disruptions in Starbucks stores," Starbucks said in the filing. "While attacking the union that represents its own workers, Starbucks has now changed its policies in response to worker actions.
Persons: baristas, Sara Trilling, Trilling, Bud, — CNBC's Amelia Lucas Organizations: Starbucks Workers United, Pride, Starbucks, National Labor Relations Board, Starbucks Workers, Workers, U.S, North America, Conservative Locations: Seattle, America
Mars has also been expanding its portfolio, rolling out new flavors such as M&M's Cookies and Cream Ice Cream Cookie Sandwiches and Twix Cookie Dough Ice Cream. Mars' ice cream goals hinge on the old and the newMars entered the ice cream category in 1986 when it bought Dove, then known just for its ice cream bars before the candy company expanded it into chocolate. "We don't have the biggest ice cream brands, but we do believe we have the biggest brands in ice cream," Shaf Lalani, the U.S. head of Mars Ice Cream, told CNBC. "Mars Inc. ice cream brands face hefty competition, being ranks away from the leading spot in the U.S. ice cream market," said Carl Quash, Euromonitor's head of food and nutrition research. Twix Ice Cream is the fastest-growing product in the company's ice cream portfolio.
Persons: Mars, Anton Vincent, hasn't, General Mills, Bell, Carl, Lalani, Organizations: Mars, Kind, Kind North America, National Football League, Cream, CNBC, U.S, Euromonitor, Haagen, Unilever, Mars Inc, Tru Locations: Burr Ridge , Illinois, Mars Wrigley North America, U.S, , Illinois, Kind North
But with its so-called Infinite Kitchen, Sweetgreen joins the legion of restaurant companies incorporating automation into their businesses. Sweetgreen plans to open a second Infinite Kitchen location later this year. Unlike the traditional Sweetgreen restaurant, customers won't have to wait 10 to 15 minutes to pick up mobile orders. Source: SweetgreenBehind the counter is the "Infinite Kitchen," which resembles the bulk food dispensers found in some grocery stores. Employees have to set up the Infinite Kitchen in the morning, ensuring it's well-stocked and calibrated for accurate and consistent portions.
Persons: Sweetgreen, Jonathan Neman, William Blair, hasn't, Spyce, , Timothy Noonan, Noonan, they're, T.D, Cowen Organizations: William, William Blair Growth Stock, MIT, IK, CNBC, Employees, Workers Locations: Chicago, Naperville , Illinois, Boston, Neman, New York, Naperville
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how Burger King is planning its $400 million comebackIn September 2022, Burger King owner Restaurant Brands International announced the chain's $400 million Reclaim the Flame plan. Now the No. 3 burger chain behind McDonald's and Wendy's, Burger King is pouring $150 million into advertising and digital investments to "Fuel the Flame" and $250 million toward a "Royal Reset" involving restaurant technology, equipment and remodels and relocations. It remains to be seen if the overhaul will be enough to help the chain make a comeback.
Persons: Burger Organizations: Burger King, Restaurant Brands Locations: Burger
The burger chain in September unveiled the $400 million turnaround plan it crafted with franchisees after several years of disappointing sales. In 2020, Burger King slid to the No. And the gulf between Burger King and its top rival McDonald's has only widened. But Burger King is trying to launch a comeback, with its parent company pouring money into restaurant renovations and advertising. So far this year, two Burger King franchisees have filed for bankruptcy.
Persons: Burger, We've, we've, Josh Kobza, Tim Hortons, Burger King, McDonald's, Tom Curtis, Curtis Organizations: Restaurant Brands, CNBC, Subs, Burger King, Burger King's U.S, Toms King Holdings, Meridian Restaurants, Restaurant Business, Meridian, Burger King U.S, Brands Locations: U.S, Burger
Some organized Starbucks stores will strike across the U.S. starting Friday in Seattle after the coffee giant and the union representing baristas publicly clashed over claims that the company was not allowing Pride month decor in cafes. The union, Starbucks Workers United, said more than 150 stores representing nearly 3,500 workers have pledged to join the strikes, which will take place over the next week. Pride month in June," the company said last week, adding that it unwaveringly supports the LGBTQ+ community. Workers United has alleged instances in at least 22 states when workers have not been able to decorate, pointing to social media accounts where workers have documented their claims. The Starbucks workers are also striking over claims that Starbucks is dragging its feet on negotiating contracts.
Persons: baristas, May Jensen, Lynne Fox, Parker Davis, Davis, Bud, Mari Cosgrove, Cosgrove, — CNBC's Amelia Lucas Organizations: Starbucks, Highland, Parade, U.S, Starbucks Workers, Workers United, Partner Resources, CNBC, Target, Workers Locations: Hollywood, Los Angeles, Seattle, U.S, America, San Antonio , Texas, Oklahoma
Darden Restaurants on Thursday reported quarterly earnings that topped Wall Street's expectations, fueled by strong LongHorn Steakhouse sales. The company's same-store sales increased 4%, led by strong performance by LongHorn Steakhouse. The steakhouse chain reported same-store sales growth of 7.1%, topping StreetAccount estimates of 4.9%. But Olive Garden, which accounts for roughly 45% of Darden's sales, reported weaker-than-expected performance for the quarter. Darden's fine-dining segment reported same-store sales declines of 1.9%.
Persons: Gene Lee, Lee, Darden, Olive, Eddie V's, Chris Steak Organizations: Darden, LongHorn, Refinitiv Locations: Olive, Pittsburg , California
Proponents of cultured meat say it's healthier and more environmentally friendly than traditional meat. As a result of the decision, the USDA will inspect cultured meat facilities, just as it does traditional meat processing plants and slaughterhouses. The meat produced by Upside Foods and Good Meat will be labeled as "cell-cultivated chicken" when sold to consumers. Chef Jose Andres has placed the first order to sell Good Meat's cultured chicken to serve it in an undisclosed Washington, D.C., restaurant, the company said. Even armed with cash and regulatory approval, cultured meat startups face many hurdles before their products can become mainstream.
Persons: we're, Josh Tetrick, Joinn Biologics, Chef Jose Andres, Dominique Crenn, Uma Valeti Organizations: U.S . Department of Agriculture, USDA, Eat, U.S . Food, Drug Administration, Foods, D.C, Companies, McKinsey Locations: U.S, Singapore, United States, Washington, San Francisco
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. The stock trades on the New York Stock Exchange under the ticker symbol "CAVA." The company sold 14.4 million shares, raising nearly $318 million and initially valuing the restaurant chain at roughly $2.45 billion. Shares of Mediterranean restaurant chain Cava soared as much as 107% in its market debut Thursday morning before giving up some of those gains. Sector leader Chipotle made its public market debut back in 2006 and has seen its market value grow to $56.9 billion.
Persons: Zoes, It's, Brett Schulman, Chipotle Organizations: New York Stock Exchange, Group, Brands Locations: Cava, New York City, Chao
As Cava prepares to make its public market debut Thursday, other restaurant companies will be watching closely while they decide whether to follow in the Mediterranean restaurant chain's footsteps. The last 18 months have marked the slowest initial public offering market since the financial crisis. Cava's IPO could help break that drought, as a handful of restaurants watch to see how the chain fares as they mull whether to jump into the public market themselves. "A successful IPO from Cava should open the door to more restaurant IPOs," said Matt Kennedy, senior strategist at Renaissance Capital. That bodes well for the restaurant companies waiting in the wings to go public.
Persons: Cava, Matt Kennedy, Kennedy, Kevin McCarthy, Neuberger Berman Organizations: U.S, Renaissance, Cava, New York Stock Exchange, CNBC, Group, Brands Locations: Ukraine, U.S, Cava, Chão
Good Luck, and Bad, on New York’s Sidewalks
  + stars: | 2023-06-15 | by ( Amelia Nierenberg | ) www.nytimes.com   time to read: +1 min
Look down, and you may find yourself standing in a “good luck spot,” drawn in pastel pink or blue or yellow. Or maybe a “bad luck spot.” Or maybe many bad luck spots. “It’s like a practical joke,” Mr. Morelo, 51, said on a recent afternoon, his hands dusty with chalk. Some days, Mr. Morelo fills an entire stretch of sidewalk with bad luck anemones, leaving only a small path between them. Or he may draw one huge bad luck sinkhole, right where skateboarders gather.
Persons: Felix Morelo, , , Mr, Morelo Locations: Washington, New York
Mediterranean fast-casual restaurant chain Cava priced its initial public offering at $22 per share, above a previously stated range, the company said Wednesday. Cava said it sold 14.4 million shares, which at a price of $22 per share, raises nearly $318 million. At $22 per share, the company is valued at roughly $2.45 billion, based on an outstanding share count of more than 111 million shares. Last year, Cava reported net sales of $564.1 million, up 12.8% from the year prior. However, its reported net loss was $59 million, wider than a net loss of $37.1 million in 2021.
Persons: Cava, — CNBC's Amelia Lucas Locations: Cava, Pasadena , California
Meet Joni Mitchell’s Joni Jam Crew
  + stars: | 2023-06-13 | by ( ) www.nytimes.com   time to read: +1 min
Out here, the blue highway signs that usually serve as mile markers instead display the types of apple trees you’re driving by: Fuji, Gala, Honeycrisp. I made an eager pilgrimage to this corner of the world over the weekend (along with a bunch of other Joni Mitchell fans) to see Mitchell headline the Gorge Amphitheater at her first ticketed concert in more than 20 years. But the so-called Joni Jam at the Gorge was proof that she’s spent the last year — on the brink of turning 80, no less — working hard to strengthen her voice. Like the Newport set, the Joni Jam was communal by nature, spearheaded by Mitchell’s friend Brandi Carlile and designed to have the feel of the musical gatherings Mitchell frequently hosts in her living room. That made the show feel relatively egoless: Though there were some headline-worthy names present, there were no dramatic, please-welcome-to-the-stage entrances or bowed departures.
Persons: Honeycrisp, Joni Mitchell, Mitchell, we’d, “ Amelia, , “ Carey ”, Joni Jam, she’s, Mitchell’s, Brandi Carlile Organizations: Fuji, Newport Folk, Newport Locations: Wenatchee, Washington
Starbucks Workers United said Tuesday that dozens of the coffee chain's U.S. stores aren't allowing employees to decorate for Pride month. A Starbucks spokesperson told CNBC that the company's security and safety manual provides broad guidance for stores around decorations. Some Massachusetts workers were told that there weren't enough labor hours to schedule partners to decorate, the union said. And managers told employees in Maryland that some people didn't feel represented by the "umbrella of pride," according to the labor group. Oklahoma Starbucks workers were also prohibited from hanging Pride flags in store windows.
Persons: hasn't, Baristas Organizations: Starbucks, Highland, Parade, Starbucks Workers, CNBC, U.S, Republican, Anheuser, Busch InBev, Kohl's, Workers, Pride, Target, Washington Post Locations: Hollywood, Los Angeles , California, United States, Massachusetts, Maryland, Oklahoma
Taco Bell will sell a vegan version of its popular Crunchwrap, made with plant-based beef and cheese, in three U.S. cities for a limited time, it said Wednesday. Starting Thursday, customers in Los Angeles, New York and Orlando will be able to order the Vegan Crunchwrap. Vegetarians were also among the fans who successfully pushed Taco Bell to bring back its cult-favorite Mexican Pizza. Taco Bell used pea protein and soy to make the vegan beef in the new Crunchwrap. For the vegan blanco sauce and vegan nacho sauce, Taco Bell used soy as the main base.
Persons: Taco Bell, Carne, Liz Matthews, blanco, Taco Organizations: Bell, Yum Brands, Taco Bell, CNBC, Foods Locations: U.S, Los Angeles , New York, Orlando, Ohio, Birmingham , Alabama
Popeyes is expanding its menu to add a Blackened Chicken Sandwich and bacon and cheese toppings for its chicken sandwiches. Popeyes Louisiana Kitchen is permanently adding a Blackened Chicken Sandwich to its menu Tuesday, marking the first addition to its chicken sandwich line since it kicked off the craze four years ago. The new menu item features a chicken breast that's been marinated for 12 hours and seasoned with Cajun spices, but it lacks the breading of the chain's existing chicken sandwich. Popeyes President Sami Siddiqui said in a statement that the Blackened Chicken Sandwich gives diners "a lighter option that is perfect for everyday." The chicken sandwich returned permanently several months later, driving double-digit same-store sales growth for Popeyes for multiple quarters.
Persons: Sami Siddiqui, Popeyes Organizations: Brands, Wings, Restaurant Brands, Burger Locations: Louisiana
Ron DeSantis' administration admitted it was behind the migrant relocation flights to California. Ron DeSantis' administration confirmed it's behind the recent flights sending migrants from Texas to California — and insisted that the trips were all voluntary and the immigrants were treated well. The Florida Division of Emergency Management shared a 2-minute-20-second-long video with Insider of migrants the agency said boarded the flights. Florida's emergency management agency provided Insider with a table that listed other government officials who had relocated migrants, including Republican Gov. DeSantis acknowledged in September that his administration orchestrated another plane carrying 49 migrants from San Antonio, Texas, to Martha's Vineyard, Massachusetts.
Persons: Ron DeSantis, , it's, California —, Amelia Johnson, Johnson, DeSantis, Greg Abbott of, Eric Adams, Gavin Newsom, Rob Bonta, Newsom, Joe Biden, Donald Trump Organizations: Service, Gov, Florida Division, Emergency Management, Catholic Charities, Migrants, New York Times, Times, Republican Gov, Democratic, New, DeSantis, Democratic Party, Sacramento Bee Locations: California, Florida, Texas, Sacramento , California, Monday, El Paso, Texsas, Greg Abbott of Texas, New York City, United States, Sacramento, San Antonio , Texas, Vineyard , Massachusetts, Mexico
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