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Nov 3 (Reuters) - Starbucks Corp (SBUX.O) topped Wall Street estimates for quarterly comparable sales and profits on Thursday, saying it will weather any coming recession by selling customized cold drinks through its rewards app to grow its ranks of younger, wealthier customers. Even so, wealthier people keep buying pricier food and drinks from Starbucks and Chipotle Mexican Grill Inc (CMG.N). Some analysts and investors have questioned how Starbucks can meet its global sales guidance of 7% to 9% growth for 2023, especially amid worsening economic conditions. Wall Street analysts expected Starbucks' comparable sales in China to drop by 20%, according to analysts at Gordon Haskett. read moreGlobal comparable sales at Starbucks rose 7% in the fourth quarter ended Oct. 2, while analysts on average had expected a 4.2% rise.
BIG PICTUREThe Fed is operating on data that’s offered a murky view of the economy’s health in recent months. On one hand, the housing market is cooling off markedly, but higher borrowing costs so far haven’t made a dent in inflation. That may reassure the Fed that there’s room to keep rate hikes going without triggering a recession. There is a glut of avocados in America and that’s triggered a steep drop in wholesale prices. Don’t yell at me, I don’t make the rules…Anyway, starting Thursday, it’s festive cup season, which Starbucks fans seem excited for.
Christian Beltran, 22, has worked at Trader Joe's in Los Angeles for over a year. His "Christian from Trader Joe's" TikTok account has racked up 20,000 followers. A year and a half ago, I started working at Trader Joe's as a way to pay for my expenses while finishing college. If it's a video that reviews Trader Joe's products, a lot of the crew take part, so that takes longer to film. I don't know where my senior year will take me, but I know I'll be at Trader Joe's and on TikTok.
Rate Squeeze Punishes Once-Triumphant Tech Stocks
  + stars: | 2022-10-30 | by ( Gunjan Banerji | Hannah Miao | ) www.wsj.com   time to read: 1 min
The Nasdaq Composite Index’s value has dropped this year by about $8 trillion. Shares of the largest U.S. technology firms have fallen out of favor in the most pronounced way since the 2000 tech bubble, victims of a shift in investors’ tastes inspired by rising interest rates. The 2022 market bust has turned the popular “FAANG trade”—the practice of buying fast-growing technology titans such as Facebook owner Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc.—into a pumpkin. Of those five companies, only Apple, down 12% this year, has outpaced the Nasdaq Composite Index’s 29% decline.
Marc Evan started Maniac Pumpkin Carvers with his childhood friend after graduating from college. I run Maniac Pumpkin Carvers, which I started in 2008 with my childhood friend Chris Soria after graduating from college. We were really taking a nostalgic pastime like pumpkin carving that we did at home as kids and elevating it into an art form. Courtesy of Maniac Pumpkin CarversWord about us got out after Wired did an article on us in 2009. Courtesy of Maniac Pumpkin CarversThe farmers market Union Square Greenmarket in downtown Manhattan was home base for us for a very long time.
The sun can be seen 'smiling' in a new image from NASA's Solar Dynamics Observatory. The "eyes" and "mouth" on the surface of the sun are coronal holes. The photo was captured by NASA's Solar Dynamics Observatory, a program working to understand the changes in the Sun's radiation output. Today, NASA's Solar Dynamics Observatory caught the Sun "smiling." "Seen in ultraviolet light, these dark patches on the Sun are known as coronal holes and are regions where fast solar wind gushes out into space."
McDonald's praised the McRib for driving sales during an earnings call. The McRib returns to menus on October 31 for a limited time. CEO Chris Kempczinski called the sandwich, which returns to menus periodically, "the GOAT of sandwiches on our menu" in an October 27 earnings call. The chain didn't share specific McRib sales numbers from previous runs. The McRib returns to menus on October 31 for a "limited period."
WHILE CYCLING in the suburbs in mid-September, I stopped at a house that demonstrated the most sincere, all-encompassing commitment to Halloween I’d ever seen. Its yard was an entire Halloween cemetery, with a coven of 10-foot-tall animatronic witches gathered around a huge cauldron, casting spells and creating utter, supernatural mayhem. Planning and executing this display had to be the focus of these homeowners’ lives for a good six months. While taking in every undead detail, I thought how fun it might be to embrace a holiday with such creative fulsomeness. Inspired and shamed by CemeteryPalooza, I vowed to step up our game this year.
She spoke with Insider about relocating under Atlassian's remote work policy, called Team Anywhere, that was implemented in 2020. She shared her experience and why she feels the company's approach to remote work has been working. AtlassianAtlassian's remote work policy works because of its online culture and management's transparency about the processAtlassian has a Slack culture that is just so vibrant, which is probably unique from a lot of other companies. Sometimes, we start fun conversations like "use one gif to describe your weekend," that really help in a remote environment. Atlassian's remote work policy allows for extended travel while workingAnother benefit we've gotten is freedom to travel and work remotely.
Contestants compete during the Pumpkin Regatta, an annual pumpkin boat relay race, in the Belgian town of Kasterlee, Belgium October 23, 2022. REUTERS/Bart BiesemansKASTERLEE, Belgium, Oct 23 (Reuters) - Hundreds of competitors, many dressed up as pirates, nuns, animals or vegetables, climbed into carved-out pumpkins and paddled them around a pond in northern Belgium, in an annual relay race. Racing the huge vegetables takes some skill - "when you paddle, it doesn't move forward but starts spinning", local competitor Jonas Verbruggen said - and this year some fell in the water after their pumpkins took too much water. Racer Oscar Guell, a Spaniard living in Brussels, called the experience "dirty, sticky and oily" - before gleefully adding that he'd definitely be back next year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Charlotte Van Campenhout; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.
She is putting a new spin on the family business by attempting to tackle children’s nutrition, global food waste and the climate crisis with Climate Candy. You can get into the doorsteps, into the household, and get people talking about climate in just a very fun way.”FAVES Climate Candy. Courtesy Amy Keller/PurePlusAbout a third of all food is wasted globally, according to Project Drawdown, and that food waste accounts for roughly 8% of global greenhouse gas emissions. Keller said Climate Candy offers a solution to the food waste problem because of the ingredients her company chooses. And I think it’s just something that could be nostalgic for that next generation.”Correction:An earlier version of this story misstated the ingredients in FAVES candy.
Today, we're exploring the new Insider project Warehouse Nation, and specifically, Amazon's role. The tech giant has made efficiency the cornerstone of its business, and this series examines how that's reshaped the nation and its workforce. Plus, this week has shown us that Elon Musk and Jeff Bezos have pretty much opposite views on the state of the economy (no surprise there). Elon Musk told investors that he planned to get rid of nearly 75% of Twitter's 7,500 workers, according to The Washington Post. Jeff Bezos thinks it's time to "batten down the hatches," while Elon Musk says Tesla is "pedal to the metal" on production.
And the intent of this comedy-thriller is showing how wrong he can be. For such a committed Halloween skeptic, Howard clearly hasn’t scoped out Bridge Hollow very well. It’s a place that loses its otherwise decorous mind as it approaches Oct. 31. She’s tired of Howard, the intellectual dictator, pushing her toward science all the time. She prefers to dabble in the supernatural, which means she’s delighted to meet up with members of the Bridge Hollow Paranormal Society—all three of them—who in turn are delighted to meet the new resident of the old Hawthorne House.
Best Chinese food: 32 must-try dishes
  + stars: | 2022-10-13 | by ( Maggie Hiufu Wong | ) edition.cnn.com   time to read: +20 min
Dan dan noodlesIt’s nearly impossible to dislike China’s soul-comforting dan dan mian, or dan dan noodles. Dan dan noodles are named after the way they were originally sold more than 100 years ago – on a dan dan, a carrying pole, by street hawkers. Some think dan dan noodles should contain a dry mix of noodles, made with minced meat, chopped scallions, spices, crushed peanuts and various sauces. Others disagree, preferring dan dan noodles in a hot, spicy, salty and nutty broth albeit with similar ingredients. Similar to Hainanese chicken rice, the Wenchang version is often served with yellow chicken fat rice and chicken soup.
Persons: , It’s, Dan, mian, jiao, you’ve, Ding Baozeng, Ding Gongbao, Ding, Hanyuan, cai, hei, Jian bing, jian bing, bing guozi, Chen, chow, Su Dongpo, China’s, zhu, Shui zhu, zhu niu, Bao Bao, bao, jian bao, Rou jia, xin, cheung, yun cheung, Laap cheung, Yun cheung, Congee, Chaozhou Organizations: CNN, Adobe, Adobe Stock Locations: China, Peking, Nanjing, Beijing, Govan, , Sichuan, Hunan, Shandong province, Fujian, Hainan, Malaysia, Pidu, It’s, Tianjin, Chen, Shunde district, Shaanxi, Fuding county, Ningbo
But first, the latest installment in Wall Street's war for tech talent. Big Tech wants its engineers back. In the ongoing war for top engineering talent, Big Tech has landed the latest blow against one of Wall Street's most powerful firms. Read more about the top firms scooping up recent Goldman departures, and how it could be representative of the larger issues Wall Street faces when trying to attract tech talent. Robo-advisor Betterment just launched customized crypto portfolios, the Wall Street Journal reports.
For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. The best October Prime Day gift dealsBelow, we’re sharing the best Prime Day deals based on our previous coverage and reporting. This pillow is a great gift for anyone who could use a good night’s rest (so, everyone). This is a great gift this holiday season for those always on the go, like students. 4.5-star average rating from 2,627 reviews on AmazonSunscreen is a must for everyone, as numerous dermatologists have reminded us.
SKIP AHEAD Prime Day Beauty and Wellness sales on Amazon | Prime Day Beauty and Wellness sales at other retailersWhether you’re planning to add a new step to your skin care routine or invest in your sleep setup, Amazon is offering notable discounts on water flossers, facial cleansers and hair tools during the Prime Early Access Sale. To help you make the most of the fleeting shopping holiday, we compiled some of the best Prime Day beauty and wellness deals and sales live on Amazon, plus highlighted other notable deals from counter sales at other retailers. The best Prime Day Wellness and Beauty dealsBelow, we’re sharing the best Prime Day wellness and beauty deals based on our previous coverage and reporting. The best Prime Day Wellness and Beauty sales on AmazonHere are the best Prime Day wellness and beauty sales on Amazon right now that we think you’ll want to know about. The best Prime Day wellness and beauty sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day beauty and wellness sales we recommend.
Fortunately, the Amazon Prime Early Access Sale is in full swing and features several last-minute Halloween deals you can score before the sale event ends on October 12. For more deals across tech, vacuums, fashion, and beauty, bookmark our deals under $25 and best Prime Day deals live blogs. Whether you love Swedish Fish or prefer chocolatey treats like Reese's Peanut Butter Cups, Amazon's Prime Early Access Sale has you covered. Brach's Dracula Delight Halloween Candy Mix (125-count) The Dracula Delight Halloween Candy Mix features a mix of Mini Chewy SweeTarts, Big Chewy Nerds, Black Forest Gummy Bears, and Laffy Taffy all individually wrapped for handing out to trick-or-treaters. $29.99 from Amazon Originally $39.99 Save 25%The best Amazon Prime Early Access Sale Halloween costume dealsIf you have youngsters who will be going door-to-door for treats, you can save big by checking out Amazon's Prime Early Access Sale Halloween costume sales.
I tried all 11 pumpkin-spice-flavored items available this fall at my local Trader Joe's store. The pumpkin-spice espresso beans — crunchy espresso beans covered in pumpkin-spice chocolate — were my favoriteTrader Joe's pumpkin-spice espresso beans. There were 4 types of pumpkin-spice cookies on offerTrader Joe's pumpkin-spice cookies were the only pumpkin-shaped item on offer. The Pumpkin Spice Batons were mehTrader Joe's Pumpkin Spice Batons. If you like Starbucks' Pumpkin Spice Lattes, get Trader Joe's pumpkin-spice coffeeTrader Joe's pumpkin-spice coffee.
Retailers’ High-Stakes Holiday Grab Begins
  + stars: | 2022-10-10 | by ( Jinjoo Lee | ) www.wsj.com   time to read: 1 min
Christmas clothing was on display at a store in New York last week as retailers seek to get a jump on holiday shopping. Like any other year, the smell of pumpkin spice and apple pie will permeate the aisles of retailers this fall. Retailers are once again in a race to get a head start on consumers’ holiday shopping. Walmart kicked off its sales event on Monday, front-running Amazon.com first Prime Early Access sales event that will begin on Tuesday. Kohl’s and Target both started their holiday sales events last week.
Oct 6 (Reuters) - From the perennial popularity of Starbucks' Pumpkin Spice Lattes to the annual introduction of creative new pumpkin-related products, like Hefty's already sold-out pumpkin-scented trash bags, the brightly-colored crop seems to hold a special place in the hearts, minds and wallets of Americans. Nielsen data reveals Americans spend about half a billion dollars on pumpkin spice products every year. According to coffee giant Starbucks (SBUX.O), Pumpkin Spice Lattes earned the company its best sales week of all time when the drink was reintroduced to fans on Aug. 30. "Pumpkins also created a nice culture with pumpkin spice donuts, drinks, everything. "But those modern-day traditions actually date back to much older traditions of associating the pumpkin with a small family farm.
"I want to save Social Security, Medicare and Veterans benefits." A spokeswoman for Scott pointed to a recent interview where he said his plan would help make sure people get their Social Security benefits. Specific plans from both parties are needed to secure the future of both Social Security and Medicare, she said. Due to high inflation, estimates show the Social Security cost-of-living adjustment is poised to be the highest in decades, according to The Senior Citizens League. One more month of consumer price index data will come in before the official bump for next year is announced by the Social Security Administration.
Texas Sen. Ted Cruz was the only GOP committee member to oppose the bill. Other numbers to know:155 miles per hour: How fast the maximum sustained winds of Hurricane Ian were as of Wednesday morning, per the National Hurricane Center. 23 percentage points: Democrat Beto O’Rourke’s edge over Republican Gov. Last night, Democratic Gov. Tim.”Oklahoma Senate: Former President Donald Trump endorsed Republican Sen. James Lankford in his Senate bid, after conspicuously not endorsing the GOP incumbent in his primary.
A lawyer working for a conservative legal group this week brought the first legal challenge to President Joe Biden's sweeping plan to cancel up to $20,000 in student debt for millions of Americans. "Nothing about loan cancellation is lawful or appropriate," Frank Garrison, an attorney at Pacific Legal Foundation, said in a complaint filed in federal court in U.S. District Court for the Southern District of Indiana. Garrison is asserting that he could be harmed by Biden's loan forgiveness in the form of a tax bill. Canceled student debt can be considered taxable income. Currently, Garrison is pursuing a government program that leads to tax-free debt cancellation, known as public service loan forgiveness, but he says Biden's plan could now cause him to get a $1,000 state tax bill.
Yet many individuals and families eligible for the child tax credit, as well as another called the earned income tax credit, may not have received the money for which they are entitled. The child tax credit and earned income tax credit are aimed at helping low- and moderate-income families. The child tax credit was established for the purpose of helping parents pay for their children's needs. watch nowThe earned income tax credit supplements wages for low- to moderate income workers. Recent data from the U.S. Census Bureau found the expanded child tax credit helped reduce child poverty by more than 40% between 2020 and 2021.
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