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Prices of cocoa have more than tripled over the last year, creating a big headache for candy makers and other food companies that use the ingredient to make chocolate. The price surge has since eased off slightly, but the crop is still commanding well above what food companies are used to paying. This season's cocoa crop is expected to experience the largest deficit in at least six decades, according to a Rabobank report from May. A YouGov survey conducted in October found that 72% of U.S. respondents had noticed shrinkflation in food products. J&J Snack Foods CEO Daniel Fachner has been keeping an eye on cocoa and chocolate prices.
Persons: Ferley Ospina, Hershey, Kinder, Ferrero, they'll, Steve Rosenstock, Mondelez, shrinkflation, Daniel Fachner, Fachner, Justin Sullivan, Nik Modi, Modi, shea, Rosenstock Organizations: Bloomberg, Getty, Cadbury, Clarkston Consulting, Rabobank, Reuters, Mondelez, Consumers, Snack, CNBC, RBC Capital, Jumbo Locations: Ragonvalia, Norte de Santader, Colombia, . West Africa, Ghana, U.S, Novato , California, West
Meta said it won't launch its AI assistant in Europe following pushback from regulators. Regulators raised privacy concerns about Meta's plan to scrape user data to train its AI. But Meta says that data is essential to offer a useful product. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meta announced Friday it won't release its AI features in Europe because the EU's stringent privacy regulations would make it a "second-rate experience."
Persons: Meta, Organizations: Service, Meta, Irish, Facebook Locations: Europe
On a episode of "Abbott Elementary," outspoken teacher Melissa Schemmenti's doting boyfriend Gary heavily hints at planning a wedding proposal, which she insists she doesn't want. Thinking he's found such a miracle, Gary gets Philadelphia Eagles player Jalen Hurts to help him make the proposal. My boyfriend and I jointly own a home, are listed in each other's wills, take vacations together, and are waiting to adopt a child. Marrige is seen as the goalEven in 2024, marriage is still seen as the ultimate achievement in the game of love. What if we saw marriage as one of many ways of honoring love rather than the only socially sanctioned one?
Persons: Melissa Schemmenti's, Gary, he's, Jalen, Taylor Swift, Travis Kelce, Drew, we'd, Melissa, Doug, fixating, we're, we'll, we've, Rachel Kramer Bussel Organizations: Service, Philadelphia Eagles, Twitter
Software stocks have been slammed this year after a long period of strong performance. Meanwhile, hardware stocks are reaping the benefits of the AI boom as their profits soar. AdvertisementYear-to-date, hardware tech stocks are outperforming software tech stocks by a whopping 30 percentage points. AdvertisementThis dynamic means that hardware stocks will continue to outperform software stocks through 2025, according to Mortonson. "The moats that some of the software companies, not all but some, have around their businesses are not going to be quite as high.
Persons: Ted Mortonson, , Baird, Mortonson, It's, Larry Tentarelli, Chip, Steve Eisman, Eisman Organizations: Service, Software, NYSE Arca, Dow Jones US Software, Nvidia, AMD, Micro Computer, Broadcom, Dell, Chip Daily, CNBC Locations: Salesforce, Snowflake
Read previewRunning and rucking are hot in the fitness world right now. Running, a mainstay in the fitness world, only continues to grow in popularity. Meanwhile rucking, which involves walking or jogging with a weighted backpack, has become one of the buzziest trends in fitness. urbazon/Getty ImagesCarrying weight is good for bone healthThe biggest difference between rucking and running is the weight-carrying component. Walking with an additional load requires more work from the cardiovascular system and some of your muscles than unloaded walking, Zielinski said.
Persons: , rucking, Guy Fieri, Allison Zielinski, Luke Worthington, Naomi Campbell, Dakota Fanning, Worthington, Zielinski Organizations: Service, York City Marathon, ABC, Business, Northwestern Memorial Hospital Locations: year's, York, rucking
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. When I worked as an insurance agent for a brokerage, David was the CFO. A knock at the door changed everythingI liked my job, but I knew a good deal when I saw it. As he reached the door, David turned around, and his car keys slipped out of his hand.
Persons: , David, we've, We've Organizations: Service, Business
CNN —As Francesco Molinari stepped up to the tee on Friday, he knew he needed a hole-in-one to make the cut and remain in the US Open. 2 in North Carolina, sneaking inside the cut at the last opportunity. “Sergio was walking in front of me and he raised his hands when the ball was still five meters from the hole and I wanted to tell him, ‘Come on, don’t jinx me,’” Molinari told Sky Sports. The ninth hole proved lucky for Austria’s Sepp Straka too as he made his first ace on the PGA Tour earlier that day, and also made the cut at two over. Molinari teed off for the third round at 8:55 a.m.
Persons: Francesco Molinari, Molinari, , , ” Francesco Molinari, John Angelillo, Min Woo Lee, Sergio Garcia, “ Sergio, , jinx, ’ ” Molinari, I’ve, Austria’s Sepp Straka, Molinari teed Organizations: CNN, Pinehurst, UPI, PGA, Sky Sports Locations: North Carolina
Read previewKate Middleton put on her "game face" for the crowds and cameras at the 2024 Trooping the Colour parade, according to a behavioral and body-language expert. The mother-of-three joined other senior members of the British royal family for all public-facing parts of the ceremony. She was seen arriving at Buckingham Palace with her husband, Prince William, and their children. "Looking at the first photograph of Kate Middleton and Prince William heading to the ceremony together, Kate is using a masking smile. AdvertisementCatherine, Princess of Wales, arrives to Horse Guards Parade for the King's Birthday Parade "Trooping the Colour" in London on June 15, 2024.
Persons: , Kate Middleton, Wales, Prince William, Darren Stanton, Kate, Stanton, Catherine , Princess of, Benjamin Cremel, Prince George, Princess Charlotte, Prince Louis, William, Catherine, Princess of Wales, Justin Tallis, King Organizations: Service, Business, Glass, Horse Guards Parade, Getty, Horse Guards, Glass State Locations: London, Buckingham, Catherine , Princess of Wales, AFP
Read previewAs fast-food prices continue to soar, Americans are looking for ways to get more bang for their buck. Like fast-food prices, grocery prices soared during the pandemic. But grocery prices are now largely back to pre-pandemic levels, while inflation at limited-service restaurants still remains elevated. When fast-food prices rise at a faster rate than grocery prices, consumers notice. He attributed this to the price increases at fast-food chains.
Persons: , Chad Frye, Frye, Thomas Valentine, Jordan Sanchez, he's, Lawrence Milford's, Laxman Narasimhan, McDonald's, Danilo Gargiulo, Bernstein, John Furner, footfall —, Michael Siluk, Martin Jennings, Jennings, Brooks Ferrante, Ben Heyworth, it's Organizations: Service, Business, Walmart, Getty Locations: California, Arizona, Florida, Puerto Rican
AdvertisementSo she developed new staple meals like cottage cheese bowls and chicken with potatoes. Mancuso shared the easy, staple meals that helped her lose 200 pounds over two years. Cottage cheese bowls"I've had cottage cheese bowls most days," Mancuso said. She said she sometimes eats cottage cheese as it is, but other times blends it into a smooth yoghurt-like consistency. Related stories"I add maple syrup to sweeten and also sometimes add a flavored protein powder to add more protein," Mancuso said.
Persons: , Leah Mancuso, Mancuso, aren't, she's, fryer, Mancuso hasn't, takeout, that's Organizations: Service, Business, carbs Locations: Scottsdale , Arizona
In the eyes of Whole Foods co-founder John Mackey, Jeff Bezos is a "brilliant man" — all because of a few price cuts at the grocery chain. Whole Foods was struggling with declining sales when Bezos' Amazon bought the grocery chain for $13.7 billion in 2017. Shoppers were already looking elsewhere after larger, less expensive rivals like Walmart started stocking more organic foods to appeal to Whole Foods' target customers. That included producing a greater number of products from Whole Foods' in-house 365 brand, which Amazon also started selling online. "I hardly ever hear the 'whole paycheck' narrative any longer—that's due to Amazon," Mackey said.
Persons: John Mackey, Jeff Bezos, Jeff, Mackey, Fortune, Bezos, IBISWorld, Bezos —, Organizations: Foods, Amazon, Shoppers, Walmart, CNBC
The iFi AI model, powered by IBM's Watsonx, was still projecting big upside for bitcoin miner Marathon Digital as of Friday morning. The stock was also near the top of iFi AI's projections for 30-day returns on screens earlier in June. The AI model uses a variety of inputs, including fundamental data, technical analysis and company news, to make its predictions. Here are some of the model's biggest upside plays after a week of downward-trending inflation data and sliding Treasury yields. Ron Insana, CNBC senior analyst and commentator, is the CEO of iFi AI, which launched in March .
Persons: IBM's Watsonx, Ron Insana Organizations: Marathon, Group, homebuilder, Palo Alto Networks, Palo Alto's, CNBC Locations: Marathon, Carvana, Palo
Why tariffs on Chinese EVs may not work
  + stars: | 2024-06-15 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +2 min
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. President Joe Biden last month introduced stiff tariffs on Chinese EVs, effectively doubling the list price, which can otherwise be as cheap as $11,500. The administration says Chinese firms have benefited from unfair government support, and Chinese EV imports threaten the Biden administration's big investments in EVs. But a few auto industry insiders are skeptical that tariffs will be able to hold off Chinese imports for long.
Persons: Dunne, Michael Dunne, Joe Biden, Sen, Sherrod Brown, Tesla, Elon Musk, Bill Russo, Donald Trump, Russo Organizations: Volvo, EV, Biden, Chrysler Locations: China, U.S, Sweden, EVs, Ohio, Shanghai, Beijing
Spain’s Lamine Yamal made history on Saturday by becoming the youngest player to appear at a men’s European Championship when he took to the field against Croatia at Euro 2024. At 16 years and 338 days old, Yamal surpassed the previous record set by Poland’s Kacper Kozłowski, who was 17 years and 246 days old when he played against Spain at Euro 2020. Yamal already holds the records for being the youngest player to feature for Barcelona and the youngest player to start a match in La Liga in the 21st century. “I think he’s so mature and can already make the difference for us,” former Barça head coach Xavi recently told reporters of Yamal. “We have to take care of him, but I think he’s ready and I’m not afraid to trust youth.”
Persons: Yamal, Poland’s Kacper Kozłowski, Dani Carvajal, It’s, Xavi, Organizations: CNN, Croatia, Spain, La Liga, Champions League Locations: Barcelona, Barça’s, Spain
Opinion | J.D. Vance’s Strange Turn to 1876
  + stars: | 2024-06-15 | by ( Jamelle Bouie | ) www.nytimes.com   time to read: +1 min
This, in fact, was the argument made by Senator J.D. You would’ve actually tried to go to the states that had problems; you would try to marshal alternative slates of electors, like they did in the election of 1876. And then you have to actually prosecute that case; you have to make an argument to the American people.”Let’s look at what happened in 1876. Samuel Tilden of New York, won a majority of the national popular vote but fell one vote short of a majority in the Electoral College. In the three Southern states, where the elections were marred by fraud, violence and anti-Black intimidation, officials from both parties certified rival slates of electors.
Persons: Donald Trump’s, J.D, Vance of, Ross Douthat, Vance, ” Vance, analogized, , would’ve, Samuel Tilden, Rutherford Hayes Organizations: Democrat, Gov, Electoral College, The Republican Locations: Vance of Ohio, New York, Florida , Louisiana , Oregon, South Carolina
Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?
Persons: , Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —
Morgan Stanley analysts named a slate of stocks this week they think are too attractive to ignore. CNBC Pro combed through Morgan Stanley research to find stocks that are primed for growth this summer. They include Apple, Toast, Broadcom, Arista Networks and Coca-Cola. Toast "Toast demonstrated its Vertical technology leadership, detailing its ability to efficiently gain share and monetize against an expanding opportunity. … New geographies, new verticals, new products, and increasing monetization across software and FinTech, underscore the compelling growth opportunity for Toast in the years ahead.
Persons: Morgan Stanley, Joseph Moore, Moore, Josh Baer, Baer, Meta Marshall, Marshall, … Arista, Organizations: CNBC, Apple, Broadcom, Arista Networks, VMware, Breed, Arista Networks Arista, Arista
Experts say you should aim to bolster your immune system no matter the season, and diet is a major way you can do just that. Gut health can contribute to the state of your immune system, Kim Shapira, a dietitian and nutrition therapist, tells CNBC Make It. Shapira recommends these "quick ways to repair your gut" and boost your immunity:Eat foods high in omega-3s including flax seeds, chia seeds, hemp seeds and fatty fishGet diverse servings of fruits and vegetables in your dietTake a good quality probioticAdd fermented foods to your mealsReach for foods high in antioxidants like vitamin A, C, D, E and K (including mushrooms, seeds, asparagus, berries or oranges)Aim to eat whole grains that are high in fiberBut Shapira points out that it's not only what you eat but how you eat it, too. Here are two tips she has for getting the most nutrients from the foods you eat.
Persons: Kim Shapira, Shapira, chia Organizations: CNBC
His attempt to escape deportation from Germany by hiding on a westbound freighter — under the cargo cover of a new BMW — was desperate and ill conceived. With only 1.5 liters of water and some nuts and dates, Walid Kabil did not have enough supplies, heat or space to survive the April voyage. He feared being returned to Morocco, where he said he had been arrested because of his political activism. But cold, aching and dehydrated, he sought help from the ship’s crew. After the ship docked in Halifax, Nova Scotia, and he was handed over to Canadian border authorities to make his asylum claim, Mr. Kabil was sent to a provincial jail filled with people accused of violent crimes, including murder.
Persons: BMW —, Walid Kabil, Kabil, Justin Trudeau Organizations: BMW Locations: Germany, , Morocco, Halifax , Nova Scotia
However, the amount of money you need to make ends meet can vary significantly depending on where you live. That is largely due to housing prices and taxes, which vary the most out of the basic expenses examined. To cover basic expenses, minimum wage workers are often reliant on tips, or are forced to cut costs in other ways. Even in states where the minimum wage is higher than $7.25, it is often still not commensurate with the estimated living wage. Here is a look at the minimum income a single person needs to get by in every U.S. state.
Persons: That's Organizations: MIT Locations: Massachusetts, California, Hawaii, York, Washington, West Virginia
Would anybody like to see him as vice president?” Trump asked the crowd. Trump’s attempts to court Black voters come as polls show that Black men are more open to supporting the Republican nominee in this year’s election than they have historically been. Trump won roughly 1 in 10 Black voters nationally in 2020, according to multiple estimates, including 12% in CNN’s exit poll. He’s the king of the ‘super predators,’” Trump said during the roundtable discussion. “President Trump is not your typical politician,” Carson said.
Persons: Donald Trump’s, Trump, Byron Donalds, Ben Carson —, Carson, Donalds, , ” Trump, Trump’s, Biden, Joe Biden, Donald Trump, Scott Olson, , Semafor, , “ Donald Trump, ” Jasmine Harris, Hillary Clinton, “ Biden, ” Biden, Abraham Lincoln, ” Carson Organizations: CNN, Saturday, Church, Republicans — Florida, Urban, Trump ”, Republican, New York Times, Siena College, Trump, Black, Getty, Republicans, Milwaukee — Locations: Detroit, Siena, CNN’s, Michigan, Georgia, Pennsylvania, Baltimore, Washington, Milwaukee, Wisconsin’s
The new portrait of Kate Middleton was taken in June at her home in Windsor. She added that she has been experiencing "good days and bad days." She wrote that,"On those bad days you feel weak, tired and you have to give in to your body resting. But on the good days, when you feel stronger, you want to make the most of feeling well." Kate added that her treatment is ongoing but that she is starting to do "a little work from home" and that she hopes to attend more public engagements over the summer.
Persons: Kate, Kate Middleton, Matt Porteous, William Locations: Windsor
"A vote for a commission is a vote to cut Social Security," the man shouted before he was escorted off the floor. How the last major reforms, in 1983, came togetherPresident Ronald Reagan signs the Social Security Act Amendment into law on April 20, 1983. The changes involved taxes on Social Security benefits, increases to payroll tax rates, a future increase to the retirement age and a near-term postponement of cost-of-living adjustments. Social Security Commission Chairman Alan Greenspan, left, shakes hands with Sen. Charles Grassley, R-Iowa, prior to a Social Security hearing on Feb. 15, 1983. Lawmakers divided on best path forwardToday, lawmakers are divided on the best path forward to address Social Security.
Persons: , Scott Peters, Peters, Bill Huizenga, Joe Manchin, Mitt Romney, — Rep, John Larson, Connecticut —, It's, " Larson, Larson, Nancy Altman, Ronald Reagan, Alan Greenspan, Greenspan, Jim Baker, Reagan, Tip O'Neill, Robert M, Ball, O'Neill, Sen, Charles Grassley, Bob Dole, John Danforth, Altman, Bruce D, Schobel, Elizabeth Warren, Bernie Sanders, California —, they're, Hakeem Jeffries, Conn, Brian Higgins, Jimmy Gomez, Jeffries, Dan Kildee, Richard Neal, Tom Williams Organizations: iStock, Social, Social Security, AARP, CNBC, Rep, Democratic, Corbis, National Commission, Social Security Reform, Greenspan, Federal Reserve, House, White, Finance, Economic Policy Institute, Republican, Greenspan Commission, Senate Finance, Bettmann, Getty, Congress, Democratic House, White House, Democrats, Security, Capitol Visitor Center, CQ, Inc Locations: Sens, R, Utah, Connecticut, Massachusetts, Iowa, California, D
The financial freedom to have just one parent working for an entire year is not something I have taken lightly. That's why, when my husband made the choice to be a stay-at-home dad, I didn't want to just be unavailable all day, buried in work. MaryLou Costa pitched in while her husband was a stay-at-home dad. Courtesy MaryLou CostaI learned a lot about double standards while my husband was a stay-at-home dadWhile my husband was a stay-at-home dad, it opened my eyes to double standards. It's something dads are often congratulated for, yet it's expected of working moms.
Persons: wasn't, it's, We've, , we're, We're, MaryLou Costa, Costa, we've, MaryLou, Costa It's, that's Organizations: Service
Read previewTaking a cue from Ukraine's use of naval drones to offset a superior Russian fleet, Taiwan has unveiled a much larger unmanned kamikaze boat that could devastate a Chinese amphibious force. But if not this one, Taiwan will certainly field some kind of unmanned attack boat to try to stop a Chinese invasion or blockade. AdvertisementBoth Taiwan and America are looking to what has become the gold standard in naval drone warfare: Ukraine's campaign in the Black Sea. Instead, Russia's Black Sea Fleet has retreated from Ukrainian waters. In part this is because of land-based anti-ship missiles such as the Neptune, which sank the cruiser and Black Sea Fleet flagship Moskva in 2022.
Persons: , Samuel Paparo, Paparo, Magura, Michael Peck Organizations: Service, Liberty Times, Business, Pacific Command, Washington Post, US, Sea Fleet, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russian, Taiwan, China, America, Ukraine, Moskva, Japan, Forbes
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