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☆ US returns looted antiquities worth $10 million to India
▼ + stars: | 2024-11-15 | by ( Karina Tsui | ) edition.cnn.com time to read: +2 min

CNN —The United States has returned more than 1,400 looted artifacts worth $10 million to India as part of an ongoing initiative to repatriate stolen art from countries across South and Southeast Asia, the Manhattan District Attorney’s office announced Wednesday. The trafficked goods recovered include items that, until recently, were on view at New York’s Metropolitan Museum of Art. The DA’s office obtained an arrest warrant for him in 2012though he remains in custody in India, pending his extradition to the US. Since its creation over a decade ago, the Manhattan District Attorney’s Antiquities Trafficking Unit –– a task force of lawyers, investigators and art experts –– has recovered 5,800 antiquities valued at almost $460 million. In July, the US and India signed an agreement to protect cultural property by preventing illegal trades and streamlining the process of returning stolen antiquities back to India.

Persons: Nancy Wiener, Subhash Kapoor, Alamy Kapoor, ” William Walker, – – Organizations: CNN, Manhattan District, New York’s Metropolitan Museum of Art, Manhattan, Attorney’s, Metropolitan Museum of Art, federal Homeland Security Locations: United States, India, South, Southeast Asia, New, London, American, New York, Rajasthan, Tamil, Germany, 2012though, York

☆ Big Tech just notched a huge win in California with an AI bill veto
▼ + stars: | 2024-09-30 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Gavin Newsom vetoed an artificial intelligence safety bill on Sunday. Gavin Newsom vetoed an artificial intelligence safety bill on Sunday, a win for AI heavyweights like OpenAI and Big Tech companies that lobbied against it. The debate in California reflects the challenge governments face walking the fine line between allowing tech companies to innovate while protecting against new potential risks. Elon Musk, who founded AI company xAI last year, said last month that although it was "a tough call and will make some people upset," he thought "California should probably pass the SB 1047 AI safety bill." Several former OpenAI employees also supported the safety bill and said that OpenAI's opposition to the bill was disappointing.

Persons: Gavin Newsom, Newsom, —, Sen, Scott Weiner, Wiener, didn't, Charles Schwab, Rob Sherman, Marc Andreessen, Andreessen Horowitz, Newsom's, Jason Kwon, Meta, Elon Musk, xAI, Dario Amodei, William Saunders, Daniel Kokotajlo Organizations: Service, Big Tech, Chevron, Tesla, Oracle, Venture Capital Locations: California, Silicon Valley

☆ California governor vetoes contentious AI safety bill
▼ + stars: | 2024-09-29 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Reuters —California Governor Gavin Newsom on Sunday vetoed a hotly contested artificial intelligence safety bill, after the tech industry raised objections, saying it could drive AI companies from the state and hinder innovation. The AI industry is growing fast in California and some leaders questioned the future of these companies in the state if the bill became law. Developers of AI software operating in the state would have also needed to outline methods for turning off the AI models, effectively a kill switch. Alphabet’s Google, Microsoft-backed OpenAI and Meta Platforms, all of which are developing generative AI models, had expressed their concerns about the proposal. Newsom separately signed legislation requiring the state to assess potential threats posed by Generative AI to California’s critical infrastructure.

Persons: Gavin Newsom, Newsom, Scott Wiener, Wiener, ”, ” Newsom, Biden, “, Nancy Pelosi, Elon Musk, Anthropic Organizations: Reuters, Democratic, Congress, Google, Microsoft, U.S, Tesla Locations: California, U.S, ”

☆ Former OpenAI employees call out Sam Altman for not backing even 'light-touch' safety efforts
▼ + stars: | 2024-08-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

"OpenAI opposes even the extremely light-touch requirements in SB 1047, most of which OpenAl claims to voluntarily commit to, raising questions about the strength of those commitments." They said the existing federal legislation OpenAI is using to support its case is "woefully inadequate." They said they hoped their letter would help push the California legislature to pass SB 1047. In an email to Business Insider, a spokesperson for OpenAI said the letter misrepresented the company's position on the bill. "We strongly disagree with the mischaracterization of our position on SB 1047.

Persons: —, OpenAI, California Sen, Scott Wiener, Sam Altman, William Saunders, Daniel Kokotajlo, Saunders, Wiener, we've Organizations: Service, Business, Congressional, Labor, U.S, AI Safety Locations: California, Sacramento, OpenAI

☆ Former OpenAI researchers warn of 'catastrophic harm' after the company opposes AI safety bill
▼ + stars: | 2024-08-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

"We joined OpenAI because we wanted to ensure the safety of the incredibly powerful AI systems the company is developing," the researchers, William Saunders and Daniel Kokotajlo, wrote in the letter. "But we resigned from OpenAI because we lost trust that it would safely, honestly, and responsibly develop its AI systems." AdvertisementThey continued: "Developing frontier AI models without adequate safety precautions poses foreseeable risks of catastrophic harm to the public." SB1047 "has inspired thoughtful debate," and OpenAI supports some of its safety provisions, Kwon's letter, dated a day before the researchers' letter was sent, read. "We cannot wait for Congress to act — they've explicitly said that they aren't willing to pass meaningful AI regulation," Saunders and Kokotajlo wrote.

Persons: —, Gavin Newsom, William Saunders, Daniel Kokotajlo, Saunders, Kokotajlo, Sam Altman, Jason Kwon, Scott Wiener, Kokotajlo aren't, OpenAI, California's, — they've, Newsom Organizations: Service, Politico, California Gov, Business, California Legislature, Wiener Locations: California

☆ Opinion | Nancy Pelosi: ‘It Didn’t Sound Like Joe Biden to Me’
▼ + stars: | 2024-08-09 | by ( Ezra Klein | ) www.nytimes.com time to read: +55 min

And they know you’re going to act so they won’t mess with you. Put it in somebody else’s mouth because it was AI mean, it didn’t sound like Joe Biden to me. I think you’re I think you’re underselling this a little bit. And if they don’t, I’m going to keep my promise and send them 100 powdered wigs because they’re just living in a different era. All these other politicians, these career politicians didn’t know how to make a good deal.

Persons: Nancy Pelosi, Harris, Tim Walz, Al Gore, They’re, he’s, Joe Biden, Obama, Walz, Donald Trump, it’s, Trump, Said, JD Vance, Kamala Harris, Gavin Newsom, Ro Khanna, Scott Wiener, haven’t, Liam McCarthy, Willie Brown, George Moscone, Leo, Dianne Feinstein, It’s, Kamala, she’s, let’s, Suzan, You’ll, That’s, you’ll, I’m, that’s, We’re, I’ve, He’s, what’s, Bob Dole, George Bush, Svetlana, they’re, Scott Brown, Ted Kennedy’s, Ted Kennedy, Scott Brown’s, We’ve, you’re, Bill, Harry, Harry Reid, Pelosi, John Boehner, you’ve, Weaver, that’s O.K, Kevin McCarthy, kaka, Bernie Sanders, Sanders, Ted Cruz, Let’s, Barney Frank, Bill I, Steny Hoyer, don’t, You’re, John Dingell, Roe, Ira, Biden, McCarthy, o’clock, Wade, Kathy Manning of, Kathy Manning, didn’t, America’s, Republicans can’t, You’ve, Mary Barra, Steph Curry, Elton John Bono, Bill Gates, ain’t, Abraham, Little, Hillary, Norman Lear, Umberto, Gabriel Garcia Marquez’s, I’ll, Darwin, Lincoln Organizations: Democratic Party, Democratic, Republican, Veterans Affairs, Trump, Republicans, Democrat, San, Cal Stanford, University of San, Morning, NATO, Affordable, Senate, White House, California Democratic Party, Technology Committee, North, Global, Abraham Accords, Rogue, Republican Party Locations: America, Minnesota, San Francisco, University of San Francisco, United States, It’s, Belarus, Massachusetts, California, Iraq, Idaho, Italian, Kathy Manning of North Carolina, China, Sudan, Michigan, Arizona, David, South, Baltimore

☆ Hattie Wiener, Sex-Positive ‘Oldest Cougar,’ Dies at 88
▼ + stars: | 2024-07-11 | by ( Penelope Green | ) www.nytimes.com time to read: +1 min

Hattie Wiener, an ebullient and bawdy former dancer and therapist who found a measure of celebrity in her 70s for sleeping with younger men and promoting what she said were the anti-aging benefits of her lifestyle, died on June 21 at her home in Manhattan. She was 88. She had been diagnosed with diastolic heart failure, and chose to end her life by refusing food and liquids, said her daughter, Rama Dunayevich. Tabloids called her the Tinder Granny and the Oldest Cougar in the World, titles she was proud to claim. But it wasn’t until she was featured in “Strange Sex,” a 2010 documentary series on TLC, that she began to enjoy a sort of B-list fame, appearing as a reliably naughty guest on television shows like “Access Hollywood” and “Dr.

Persons: Hattie Wiener, Rama Dunayevich, Wiener, —, ”, Dr, Phil Locations: Manhattan

☆ Why McDonald’s removed salads from their menu
▼ + stars: | 2024-07-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

“If people really want salads from McDonald’s we will gladly relaunch salads,” said Joe Erlinger, the president of McDonald’s USA, in a June interview at the Wall Street Journal’s annual Global Food Forum. For McDonald’s, putting salads on the menu was likely a way to avoid the veto vote and stay atop recent healthy food trends. McDonald’s salads were “one likely source of these infections,” the CDC said at the time. McDonald’s removed salads from national menus in 2020 to help simplify restaurant operations, the company said. Another menu item that’s not coming to McDonald’s any time soon?

Persons: New York CNN —, ”, Joe Erlinger, McDonald’s, Covid, ” Erlinger Organizations: New, New York CNN, McDonald’s, Food, Wall Street Journal Locations: New York, McDonald’s

☆ Nestlé and other companies are trying to stake their claims as weight loss drug experts. They’re not
▼ + stars: | 2024-07-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

But health professionals are warning consumers not to take medical advice from the same companies trying to sell them food, supplements and other consumables. “People who are on (GLP-1 drugs) eat less calories. Daily Harvest, a meal kit service, has a GLP-1 food collection. In May it announced a new line of frozen meals called Vital Pursuit, pitching the brand to users of weight loss drugs. Some taking GLP-1 drugs have reported losing hair and muscle.

Persons: Ozempic, JP Morgan, —, ”, Donny Kranson, GLP, Nestlé’s, Jorge Moreno, Jody Dushay, Tom Little, “ I’m, “, 1nutrition.com, Atkins, Robert Atkins, Nestlé, Mark Schneider, Marie Callender’s, Slim Jim, Orville Redenbacher’s, Tom McGough, William Dietz Organizations: New, New York CNN, “, Vontobel Asset Management, GNC, Nestlé, Visitors, Yale School of Medicine, Physicians, Harvard Medical School, Danone, Bloomberg, STOP, George Washington University Locations: New York, United States, Switzerland, Novo Nordisk's, Hillerod, Denmark, what’s, Conagra, GLP

☆ How Nathan’s Famous turned competitive eating into a national spectacle
▼ + stars: | 2024-06-29 | by ( Elise Hammond | Danielle Wiener-Bronner | ) edition.cnn.com time to read: +11 min

Each year, close to two million people watch Nathan’s hot dog eating contest on ESPN, according to the frankfurter brand. Boys participating in a pie eating contest at the 4-H Club fair in Cimarron, Kansas. At the time, PR mavens Max Rosey and Mortimer Matz thought a hot dog eating competition would drum up some publicity for Nathan’s. (They also seem to have made up the legend that the first Nathan’s contest was held in 1916). “We love the Nathan’s hot dog eating competition because we love how it brings the city together,” Fellman said, standing with a group of her friends, all wearing Nathan’s hot dog eating contest T-shirts.

Persons: Jacqueline Lewis, ” Lewis, franks, frankfurter, Joey Chestnut, Apuleius ’, ”, Jason Fagone, Fagone, “, ” Fagone, Corbis, Adrienne Bitar, Max Rosey, Mortimer Matz, Melody Andorfer, George, Richard Shea, George Shea, —, Shea, Rosey, ” George Shea, Henry S, Dziekan, it’s, ” Shea, ’ ” Shea, Takeru Kobayashi, Kobayashi, Kazutoyo Arai, Spencer Platt, ” Bitar, ” Kobayashi, Bitar, you’re, ’, Kena Betancur, ” Beatrice Fellman, ” Fellman, Bass Organizations: New, New York CNN, CNN, ESPN, Boys, Cornell University, “, Nathan’s, League, LA Times, Netflix Locations: New York, Coney Island, Coney, United States, Pennsylvania, Cimarron , Kansas, “, Long, New York City, Japan, Brooklyn , NY, America, Brooklyn, Kena

☆ Affordable luxury: Price-conscious Americans are turning to cheaper steakhouses
▼ + stars: | 2024-06-24 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

So business is booming at Texas Roadhouse and LongHorn Steakhouse, even as Americans pull back elsewhere. And in the three months through May 26, sales at Longhorn Steakhouse locations open at least 16 months rose 4%. An affordable luxuryWhen it comes to steakhouses, Texas Roadhouse and LongHorn Steakhouse are on the cheaper end, noted Jim Salera, a research analyst at Stephens. Patrons sit at a bar and watch sports at a Texas Roadhouse restaurant in November 2023. “Retail demand has been probably a little bit weaker,” said Michael Bailen, senior director of investor relations at Texas Roadhouse.

Persons: Texas, ”, Jim Salera, Salera, you’re, Peter Saleh, They’ve, Scott Olson, Saleh, Rick Cardenas, It’s, Michael Bailen, ” Bailen, “, ’ Organizations: New, New York CNN, Texas, Texas Roadhouse, LongHorn, Longhorn, Darden Restaurants, steakhouses , Texas Roadhouse, Stephens, of America, CNN, Bureau of Labor Statistics, Kroger Locations: New York, Texas, Olive, steakhouses , Texas, Skokie , Illinois, . Texas

☆ Hooters closes dozens of restaurants
▼ + stars: | 2024-06-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Hooters is the latest chain to close dozens of locations across the United States, blaming tough economic challenges including rising food and labor costs. “Like many restaurants under pressure from current market conditions, Hooters has made the difficult decision to close a select number of underperforming stores,” a spokesperson told CNN. In that time prices ticked up 0.2% at limited service spots, which include fast casual and fast food joints. The increases, particularly in fast food prices, have caused customers to pull back on spending and complain online, eroding the sector’s reputation for affordability. It’s not just Hooters feeling the financial brunt from cash-conscious customers: Applebee’s, TGI Fridays, Boston Market, California Pizza Kitchen and bankrupt Red Lobster have all recently closed restaurants.

Persons: Danielle Wiener, Bronner Organizations: New, New York CNN, Hooters, CNN, Bureau of Labor Statistics, Boston Locations: New York, United States, Florida , Kentucky, Rhode Island , Texas, Virginia, Boston Market, California

☆ Why Olive Garden doesn’t want to give discounts
▼ + stars: | 2024-06-20 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

But Olive Garden is holding out. In the quarter ending on May 26, sales at Olive Garden restaurants open at least 16 months dropped 1.5%. Olive Garden has tried to avoid such pushback by keeping its price increases low. “While Olive Garden same restaurant sales were below the industry, same-restaurant guest counts outperformed the industry,” Vennam said. “The way we do it is more sustainable.”Rather than vie for customers with steep discounts, Olive Garden is planning to bring people in by highlighting its regular offerings.

Persons: they’ve, Olive, “ We’re, ”, Rick Cardenas, Olive Garden, Cardenas, Raj Vennam, ” Vennam, Eddie V’s, David Henkes, Technomic, ” Cardenas Organizations: New, New York CNN, Darden, Olive Garden, Olive, LongHorn, Bureau of Labor Statistics, CNN Locations: New York, Applebee’s, Olive Garden’s, Olive

☆ Wall Street is turning more bullish
▼ + stars: | 2024-06-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s tough being a Wall Street bear these days. The S&P 500 index has climbed nearly 15% this year and clinched 30 record-high closes. The new backdrop of cooling inflation coupled with rate cuts on the horizon is prompting investors to up their bullish wagers. Evercore ISI raised its price target to 6,000 for the S&P 500, a reversal from its previous, more gloomy 4,750 target. Much of the S&P 500 index’s returns are tied to the mega-cap tech Magnificent Seven stocks, leaving the market dependent on just a handful of names to continue its monster run.

Persons: New York CNN —, Goldman Sachs, ”, Julian Emanuel, index’s, Bacon, Danielle Wiener, Bronner, fuming, Jin Bian, Samantha Delouya, Bian, “, Ron DeSantis, isn’t, Bill 264, Sellers, Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, ISI, Evercore ISI, Shoppers, Bureau of Labor Statistics, CNN Locations: New York, Monday’s, Florida, Tampa , Florida, Nanjing, China

☆ The strange economics of pig meat: Ham prices are down, but bacon’s up
▼ + stars: | 2024-06-17 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot. But ham prices were lower, falling 5.4% overall and dropping 6.3% when you exclude canned varieties. It’s all relativeGlynn Tonsor, a professor in the department of agriculture economics at Kansas State University suggests that if you zoom out, pork prices are indeed going up across the board. But prices for ham actually went up higher than the prices of bacon and pork chops. Scott Olson/Getty Images/FilePeople love baconAnother reason for high bacon prices: Strong demand, even when it’s expensive.

Persons: Bacon, Glynn Tonsor, ” Tonsor, Scott Olson, ”, Christine McCracken, They’re, you’ll, It’s, McCracken, “ You’ll Organizations: New, New York CNN, Shoppers, Bureau of Labor Statistics, Kansas State University, Federal Reserve, St, RaboBank, Retailers, KFC, Starbucks Locations: New York, Louis, Mexico, “, Chicago , Illinois, Burger King

☆ Trader Joe’s tiny coolers are selling like hot cakes. Why and how do products go viral?
▼ + stars: | 2024-06-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

But now “you can have it all happen instantly across the whole country.”Success strikes twiceThis isn’t even the first time little Trader Joe’s bags have gone viral. Because Trader Joe’s doesn’t boast much of an official online presence, “I’ve kind of taken on that role” with those pages, she said. A Trader Joe's mini tote bag is shown in Palmyra, N.J., on Wednesday, March 13, 2024. “It’s always a surprise.”The chain’s unusually loyal fanbase is eager for more Trader Joe’s branded merchandise, TikToker Heskett said, but Trader Joe’s doesn’t offer much of that. “You can’t buy a Trader Joe’s hat, you can’t buy a Trader Joe’s sweatshirt,” she said.

Persons: Thaddeus Yan, Joe’s, Yan, Stanley, “, Colin Campbell, Joe doesn’t, Talia Heskett, Joe’s Talia ”, Heskett, She’s, Christy Vetere, ”, Tara Miller, “ I’m, Christina Paciolla, Matt Sloan, Miller, Joe’s hasn’t, Jonah Berger, ” Berger, Lindsey Nicholson, G Yan, “ It’s, TikToker Heskett Organizations: New, New York CNN, eBay, University of San, Facebook, ”, tote, CNN, University of Pennsylvania’s Wharton School, Nike, Variety, Trader Joes, Getty, G Locations: New York, London, University of San Diego’s, Vetere, Palmyra, N.J, Queens , New York

☆ Tyson CFO and chicken family scion John Tyson arrested for DWI
▼ + stars: | 2024-06-13 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +1 min

New York CNN —Tyson Foods suspended its CFO John R. Tyson after he was arrested Thursday on charges of DWI and careless driving. Tyson, the great grandson of the founder of the meat processing company, was previously arrested in 2022 on charges of public intoxication and criminal trespass. The 34-year-old was booked early Thursday and has since been released, according to the Washington County, Arkansas, Detention Intake Report. “We are aware that John Randal Tyson, Chief Financial Officer of Tyson Foods, was arrested for an alleged DWI,” the company said in a statement Thursday. “Tyson Foods has suspended Mr. Tyson from his duties effective immediately and named Curt Calaway as interim Chief Financial Officer.”Back in 2022, Tyson was charged after he allegedly wandered into the wrong home and fell asleep.

Persons: New York CNN — Tyson, John R, Tyson, “, John Randal Tyson, “ Tyson, Curt Calaway, “ I’m, ”, Donnie King, —, Rebekah Riess, Parija Kavilanz Organizations: New, New York CNN, New York CNN — Tyson Foods, Tyson Foods, “ Tyson Foods Locations: New York, Washington County , Arkansas

☆ 3 risks to global economic growth
▼ + stars: | 2024-06-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The World Bank on Tuesday raised its 2024 outlook for global economic growth to hold steady at 2.6%, an increase from its previous projection of 2.4% growth. “Four years after the upheavals caused by the pandemic, conflicts, inflation, and monetary tightening, it appears that global economic growth is steadying,” Indermit Gill, the World Bank’s chief economist, said in a release accompanying the report. Prospects for the world’s poorest economies are even more worrisome.”Here are three risks the World Bank sees. The World Bank said that spillover risk from the Russia-Ukraine war and Israel-Hamas war could curb global growth by pushing up oil prices and shipping costs. Trade tensions are already brewing between some of the world’s biggest global economic engines.

Persons: ” Indermit Gill, Jerome Powell, ”, Ayhan Kose, Danielle Wiener, Bronner, Joe Erlinger, aren’t, TikTok, John S, James L, Donald Trump, Joe Biden’s, Biden Organizations: CNN Business, Bell, New York CNN, Bank, World Bank, European Central Bank and Bank of Canada, US Federal Reserve, European Commission, EU, Bureau of Labor Statistics, McDonald’s, Pew Research Center, Knight Foundation, TikTok Locations: New York, Russia, Ukraine, Israel, India, Mexico, United States, France, United Kingdom, China, Beijing

☆ Even with food prices flattening out, the cost of dining out is still going up
▼ + stars: | 2024-06-12 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

But menu prices, a source of frustration for budget-conscious consumers, are still going up — even as restaurants brag about their discounted meals. In that time prices ticked up 0.2% at limited service spots, which include fast casual and fast food joints. Grocery prices rose 1% in the 12 months through May. The increases, particularly in fast food prices, have caused customers to pull back on spending and complain online, eroding the sector’s reputation for affordability. In February, overall food prices remained flat for the first time since April 2023.

Persons: Joe Erlinger, Justin Sullivan, Rice, Milk Organizations: New, New York CNN, Bureau of Labor Statistics, McDonald’s, KFC, Starbucks Locations: New York, Burger King, Ukraine, Texas

☆ Joey Chestnut was kicked out of Nathan's eating contest after he endorsed plant-based hot dogs
▼ + stars: | 2024-06-12 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Joey Chestnut won't compete in Nathan's hot-dog-eating contest this year. Major League Eating, the event overseer, cited Chestnut's partnership with a rival brand. AdvertisementThe competitive-eating champ Joey Chestnut has been kicked out of an upcoming contest over a beef between him and the Coney Island hot-dog-eating competition he's won a whopping 16 times. Chestnut, 40, won't participate in this year's Nathan's Famous Hot Dog Eating Contest on July 4 — an event he won last year after pounding 62 hot dogs. In a statement posted to X on Tuesday, Major League Eating — the governing body that oversees the event — said Chestnut had "chosen to represent a rival brand that sells plant-based hot dogs rather than competing."

Persons: Joey Chestnut, wiener, —, he's, Chestnut Organizations: Foods, Service, Business Locations: Coney

☆ Starbucks joins the value menu wars with a new discounted offer
▼ + stars: | 2024-06-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks is the latest entrant in the value menu wars, joining its rivals in releasing new offers to lure back cash-strapped consumers. The offer, available all day, comes in two options: For $5, a customer can order a tall iced or hot coffee or an iced or hot tea paired with a croissant. For Starbucks, it’s part of broader changes rolling out this summer, which include a new iced coffee blend, updated its app with more accurate ordering times and new promotions. Starbucks is also making tweaks to its two-year-old partnership with Delta Air Lines’ SkyMiles program, which lets customers earn miles on every transaction. Beginning Wednesday, customers will only earn miles on Starbucks account reloads of $25 or more rather than per dollar spent at its cafes.

Persons: There’s, ” David Henkes, Laxman Narasimhan, ” Henkes, Danielle Wiener, Bronner Organizations: New, New York CNN, Starbucks, CNN, Delta Air Locations: New York, Technomic

☆ Starbucks teams up with Grubhub on delivery
▼ + stars: | 2024-06-06 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks is teaming up with Grubhub as it tries to boost sales after a challenging quarter. By August, Starbucks items should be available on Grubhub throughout the country, the company said. Prior to the Grubhub partnership, customers could already order Starbucks items via DoorDash and Uber Eats. Since the pandemic, more consumers have been getting their cafe and restaurant orders to-go, via delivery or pickup. In addition to broadening access to delivery, Starbucks is taking other steps to try to jumpstart sales, like updating its app, offering new menu items and testing staying open overnight.

Persons: Uber, Laxman Narasimhan, ”, Meg Mathes Organizations: New, New York CNN, Starbucks Locations: New York, Pennsylvania , Colorado, Illinois, U.S

☆ In a first, Special K features pregnant woman on cereal box
▼ + stars: | 2024-06-04 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Years ago, Special K marketed to women by promising that they could lose weight by replacing two meals a day with bowls of cereal. The cereal brand has partnered with Molly Baz, a cookbook author who was recently the star of a buzzy ad for lactation cookies, on a limited edition cereal box. It’s the first cereal box featuring a pregnant woman, according to the brand. The box, which shows Baz with an exposed pregnant belly, is available for purchase on the Kellogg website. WK Kellogg, which owns Special K, Corn Flakes, Kashi and other cereal stalwarts, reported that net sales fell 1.9% year-over-year in the quarter ending on March 30.

Persons: Molly Baz, Baz, WK Kellogg, Baz —, —, ” Baz Organizations: New, New York CNN, Kellogg, New York City’s, @clearchanneloutdoor Locations: New York, Kashi

☆ Dr Pepper just passed Pepsi as the second biggest soda brand
▼ + stars: | 2024-06-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

But the runner up spot, long held by Pepsi, now belongs to Dr Pepper. Dr Pepper and Pepsi both had 8.3%, with Dr Pepper technically ahead. For years a regional favorite, Dr Pepper in the 1970s marketed itself to a national audience as a unique flavor. The addition was “a standout success,” Timothy Cofer, CEO of Dr Pepper parent company Keurig Dr Pepper, said during an analyst call in April. Unlike Coca-Cola and Keurig Dr Pepper, Pepsico has a massive food business — its sprawling portfolio includes Quaker, Frito-Lay and more.

Persons: Coke, Dr Pepper, Dr Pepper inched, ”, Duane Stanford, Pepper, ” Timothy Cofer, Stanford, “ They’re, ” Stanford Organizations: New, New York CNN, Pepsi, Beverage Digest, Coca, CNN, Cola, Pepsico Locations: New York, America, United States, Waco , Texas, American

☆ Cracker Barrel is in a battle for relevancy. One of its solutions is surprising
▼ + stars: | 2024-06-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New Cracker Barrels might be smaller restaurants altogether, with menus that include new items like green chili cornbread and banana pudding. Discounted dinner from 4 to 6 p.m.Why would Cracker Barrel, so desperate for relevancy, lean into a tactic typically used to attract senior citizens? A woman eats lunch at Cracker Barrel. Masino didn’t explicitly mention the specials during the discussion about the long-term strategy for Cracker Barrel. To compete in this environment, Cracker Barrel realizes it has to offer some type of deal.

Persons: Julie Felss Masino, ” Masino, ”, Jeff Greenberg, Baby, Masino, Lisa W, Miller, RJ Hottovy, It’s, “, John A, Gordon Organizations: New, New York CNN, Universal, Getty, Baby Boomers, Miller & Associates, Street Journal, Pacific Management Consulting Group Locations: New York, The Tennessee, Placer.ai

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