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☆ Consumer giants from Starbucks to General Mills have one big sales problem: China
▼ + stars: | 2024-08-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market. "Consumer sentiment in China is quite weak," McDonald's chairman, CEO and director Christopher Kempczinski, said of the quarter ended June 30. Apple said Greater China sales fell by 6.5% year-on-year in the quarter ended June 29. Procter and Gamble said China sales for the quarter ending late June fell by 9%. The only public disclosures regarding Peet's China business described it as "strong double-digit organic sales growth" in the first half of the year.

Persons: —, Christopher Kempczinski, McDonald's, Lei Meng, Apple, Johnson, that's, General Mills, Kofi Bruce, Mills, Andre Schulten, Procter, Gamble, Schulten, Marriott's, Domino's, DPC Dash, There's, James Quincey, Quincey, We've, Laxman Narasimhan, Luckin Organizations: Nurphoto, Getty, BEIJING, U.S, Nationwide, UBS Securities, General, Procter, Marriott, Asia Pacific, Starbucks Locations: Yichang, Hubei province, China, U.S, Canada, Greater China, Southeast Asia, Japan, South Korea, Asia, Peet's

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Persons: there's, La Roche, Kate Spade, We've Organizations: Business, Amazon, Adidas, Coffee, Brewers, New, Amazon Prime Locations: York, influencers, New York City

We're seeing many of the best Nespresso machines on sale, including Nespresso Original and Vertuo models, plus compatible pods. Prime Day sales will be live on July 16 and 17, but the Nespresso machines may go quick, so don't wait around to jump on these deals. The best Prime Day Nespresso dealsWe typically see one or two Nespresso machines discounted during sale events. Right now, you can save $70 on the Nespresso Vertuo Pop+ and Aeroccino, which brings this bundle to an all-time low price. Most Vertuo machines don't include milk frothers, but these are still great machines for households who want variety and convenience.

Persons: you've, We'll, Nespresso, Isabel Fernandez, lattes Organizations: Business, Prime, Amazon, Coffee, Brewers, Amazon Prime

☆ Starbucks' Howard Schultz talks Steve Jobs screaming at him and wishing he'd trademarked the latte in a new podcast
▼ + stars: | 2024-06-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +10 min

Starbucks didn't sell its own coffee early on"When Starbucks opened in Pike Place Market in 1971, they were using Peet's Coffee. Howard Shultz is going to acquire Starbucks Coffee Company, and he's never going to hear from you again." Together the trio made the "huge decision" to sell Starbucks coffee in Costco, which sparked a "revolt inside the halls of Starbucks," Schultz said. Related storiesThe former Starbucks CEO faced similar blowback when he agreed to let United Airlines serve his company's coffee. "We're not a beverage company serving coffee, we are a coffee company serving people.

Persons: —, Howard Schultz, Schultz, Bill Gates, Steve Jobs, Costco's, Bernard Arnault, Lavazza, I've, Samuel Stroum, it's, Howard Shultz, he's, Brian Ach, latte, Jeff Brotman, Jim Sinegal, they've, Coke, Pepsi, Steve, Justin Sullivan, Blackstone, Alexandre, Louis Vuitton, Alexandre Arnault, Donato Sardella, Louis Organizations: Service, Starbucks, Business, Pepsi, Microsoft, Starbucks Coffee Company, Costco, United Airlines, Starbucks Facebook, Staff, Getty, Tiffany's, Louis Vuitton Locations: Coke, Pike, San Francisco, Seattle, Chicago, America, Costco, Atlanta, New York, Apple's, California, Mobile, Italy, Milan

"When you see the news of a Wall Street employee or any highly paid professional dying this way, it obviously wakes you up." Wall Street is all about relationships, which often means spending big money to show people a good time. "That's been the Wall Street playbook for many, many years, and I don't think it has changed." On the other side of the coin is Wall Street, where a history of drug use can haunt working professionals for years. AdvertisementLaird thinks Wall Street firms could learn a thing or two from other industries when it comes to their response to addiction.

Persons: Rudy Giuliani, It's, Joe, I'm, Anna Lembke, Streeters, biohacking, Wall, couldn't, Rudolph Giuliani, Getty John Battaglia, Spear, Goldman Sachs, " Battaglia, Goldman, Adderall, Jaime Blaustein, Blaustein, Sylvia Brafman, Zyn, who's, JAMES ARTHUR GEKIERE Denise Shull, hasn't, Shull, —, Artur Widak, they've, Ray Donovan, AGNES BUN, Battaglia, Ross Peet, Betty, Lembke, Leonardo DiCaprio, Paramount Pictures Trey Laird, Laird, Trey, That's, Peet Organizations: Business, New York Times, Wall, psychedelics, Stanford, Addiction, Mental Health Services Administration, Bettmann, Leeds, Kellogg, Sylvia Brafman Mental Health, BI, Citadel, Getty, National Institute on Drug Abuse, Credit Suisse, Traders, Bank of America, New, Betty Ford Foundation, Street, Paramount Pictures, Needham & Co, Treatment, Industry Locations: Manhattan, New York, Brussels, Silicon Valley, California, Arlington , Virginia, New York City, Bank, New Canaan , Connecticut

☆ Insider Today: Financial freedom's reality
▼ + stars: | 2023-11-11 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, I'm exploring something equally mysterious to me: How people who have achieved financial freedom got there, and what their lifestyles are like. The big storyThe work behind financial freedomTyler Le/InsiderPassive income. The concept of financial freedom sounds like a dream come true. The Insider Today Saturday team: Diamond Naga Siu, senior reporter, in San Diego.

Persons: —, Tyler Le, Dion McNeeley, Brian Luebben, they've, Arantza Pena Popo, Heather Johnson, Brandon Timothy, Heather, Brandon, he's, Austria Cassandra De Pecol, who's, Zers, Gen Zers, I'm, Nolan Church, Nicole J, Van, Bean, Dunkin, Krispy, Eduardo Munoz, Samantha Lee, Chelsea Davis Spatchcocking, Naga Siu, Dan DeFrancesco, Hallam Bullock, Lisa Ryan Organizations: Service, YouTube, Airbus, Orlando International, Google, Doordash, Riverton, REUTERS Locations: Austria, Pakistan, Tunisia, Riverton , Wyoming, Texas, Van Groningen, San Diego, New York City, London

☆ I tried every vegan item at Peet's Coffee and found that the chain makes plant-based eating an affordable breeze
▼ + stars: | 2023-04-12 | by ( Anna Keeve | ) www.businessinsider.com time to read: 1 min

A mainstream coffee chain with vegan pastries — or any food for that matter — is still very hard to come by. So I was intrigued when I discovered how vegan-friendly Peet's Coffee is and went on a tasting jaunt to try all their plant-based offerings. Anna Keeve tasting at Peet's Coffee in Marina Del Rey, California.

☆ Baristas in San Francisco went on strike. Their robot co-workers went right on serving
▼ + stars: | 2022-10-18 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

For three days last month, 1,000 food-service workers at SFO went on strike over wages and working conditions. For decades, robots have been replacing, or at least nudging aside, human labor. But at SFO, robot baristas didn't simply replace humans — they crossed a picket line. Cafe X robot baristas stayed on the job when food-service workers went on strike at San Francisco International Airport last month. The short version is: Every new robot per thousand human workers reduces employment by 0.2 percentage points and decreases wages by 0.42%.

☆ The sales pitch a high-tech coffee startup used to raise $1.6 million and increase sales
▼ + stars: | 2021-02-08 | by ( Larissa Zimberoff | ) www.businessinsider.com time to read: +10 min

Voga Coffee has raised $1.6 million to fund its mission to get into coffee shops around the world. Unfortunately, the industry has taken quite a hit, with one research firm reporting the pandemic wiped out a quarter of coffee shop's sales in 2020. For the first time in nine years, the total number of coffee shops in the US is on the decline, according to Bloomberg. Its invention, called Ground Control, is a high-tech batch brewer that aims to produce a more consistently delicious cup of coffee. Adopting the technology, the company argues, would allow cafés to brew coffee at a faster clip and charge a higher price for a top-notch brew.

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