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☆ Pullback in 'salty snack' stocks due to consumer economizing, says BofA's Bryan Spillane
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPullback in 'salty snack' stocks due to consumer economizing, says BofA's Bryan SpillaneBryan Spillane, Bank of America Securities senior food and beverage analyst, joins CNBC's 'The Exchange' to discuss the pullback in snack company stocks, how Utz continues to outperform, and more.

Persons: BofA's Bryan Spillane Bryan Spillane, Utz Organizations: Bank of America Securities

☆ Morgan Stanley says economic growth is bigger risk than inflation, gives quality stocks to own in a slowdown
▼ + stars: | 2024-06-24 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The risk of an economic slowdown now outweighs the risk of inflation, according to Morgan Stanley. But Morgan Stanley worries that the poor breadth of the market , measuring the number of advancing stocks against those declining, is a sign that slowing economic growth is becoming a bigger risk than stubbornly high inflation. To be sure, the Morgan Stanley strategist does not expect weak breadth to herald weak returns. Here are some of the quality large-cap and defensive stocks with strong upward earnings revisions that can outperform, according to Morgan Stanley. Burlington shares are higher by 25% this year, and the stock is overweight-rated by Morgan Stanley.

Persons: Morgan Stanley, Mike Wilson, Wilson, Russell, Bernstein, BURL, Aneesha Sherman, Morgan, Jefferies, HubSpot Organizations: Wall, Nasdaq, Dow Jones, Monster Beverage, Beverage, Nvidia Locations: Burlington

☆ How the vodka soda became 'gay water'
▼ + stars: | 2024-06-22 | by ( Alex Harring | ) www.cnbc.com time to read: +11 min

The combination of soda water and vodka has long been a fixture of boozy LGBTQ+ life, particularly among gay men. One of those came from Houston-based lawyer Jeff Watters, who called the vodka soda the "gay water" of the nighttime in a post on X. Retail is also central to the business for Gay Water, a startup offering canned cocktail variations of vodka soda. The former's vodka soda citrus is 100 calories per can, while Gay Water contains 80. The Gay Bar Shop, a specialty retailer, sells an 11-ounce, $49 candle that smells like a vodka soda with a lime garnish.

Persons: Emily Rabbideau, Justin Ruka, Orlando, Ruka, seltzer, Lucas Hilderbrand, Justin, Jeff Watters, Coke, Watters, Hilderbrand, Mary Holt, Holt, Eric Einstein, Einstein, Brendan Oudekerk, bartenders, Rose Kennedy, Tom Campbell, Campbell, James Delos Reyes, that's, Spencer Hoddeson, Hoddeson, Bud Light, Kylie Jenner's, Boston Beer, Victor Tran, Tran Organizations: Love, Alaska Airlines, CNBC, University of California, San Francisco, Gay, New York City, Washington , D.C, New, Boston Beer, Boston, Gay Water Locations: San Francisco, Irvine, Houston, bartenders, Lawrence , Kansas, New York, Washington ,, West Hollywood, influencers, New York City, Gopuff, Virginia

☆ I tried CosMc's for the first time. I don't think this new McDonald's spin-off will last very long.
▼ + stars: | 2024-06-21 | by ( Emily Krivograd | ) www.businessinsider.com time to read: +1 min

Emily KrivogradAt the end of the day, I wouldn't go out of my way to visit CosMc's. None of the menu items seemed like a particularly great value, either, considering I can get something I already know I enjoy from a similar chain for about the same price. CosMc's is set to open 10 locations by the end of 2024, but so far, the chain hasn't even reached half that number. Even so, CosMc's still has a long way to go before it builds a loyal fan base like McDonald's or Starbucks have. But I'll probably just stick to waiting in line at Starbucks — and maybe return to CosMc's for some McPops.

Persons: Emily Krivograd Organizations: Starbucks Locations: CosMc’s, CosMc's

☆ Chinese cities desperate for cash are chasing companies for taxes — some from the 1990s
▼ + stars: | 2024-06-21 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Last year, the soy milk seller made a net profit of only 209 million yuan ($29 million). And it’s still unsure how much it owes in fines, which could be potentially higher than the actual $11.7 million tax bill. Including fines, the company needed to pay a total amount of 480 million yuan ($66 million). The amounts paid vary from 8 million yuan ($1.1 million) to 310 million yuan ($43 million). It said in January that the Shenzhen government had asked for payment of 19.8 million yuan ($2.7 million) in back taxes for 2017 and 20.2 million yuan ($2.8 million) in fines.

Persons: they’ve, ”, Craig Singleton, Frank Tian Xie, ” Singleton, it’s, ” Bohui, “ Organizations: Hong Kong CNN — Authorities, Food & Beverage, Foundation for Defense of Democracies, Administration of Taxation, “ Police, Taxation, Centers ”, University of South, University of South Carolina Aiken, Ningbo Bohui Chemical Technology, Healthcare, ChinaLin Securities, Yixintang Pharmaceutical Group Locations: China, Hong Kong, Zhijiang, Hubei, Yichun, Jiangxi, University of South Carolina, “, ” Beijing, Ningbo, Qinghai, Golmud, Chongqing, Shanghai, Shenzhen

☆ A millennial and her husband left San Francisco and embarked on 'a grand nomadic tour of the US.' She shares why they ended up moving to Chattanooga, Tennessee.
▼ + stars: | 2024-06-16 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Rachel Pohl, 34, who lived in San Francisco for several years, and her husband, Jesse Rosenthal, are just two of the people who left. They had been considering moving away from California for quite some time before leaving San Francisco in the fall of 2020. She has also found the people are more diversified in terms of jobs, as opposed to the dominance of tech in the San Francisco area. Realtor.com noted both San Francisco and Chattanooga as buyer's markets at the moment, where the "supply of homes is greater than the demand for homes." Have you moved out of San Francisco or somewhere else in the US?

Persons: —, Francisco, It's, Rachel Pohl, Jesse Rosenthal, they're, Pohl, she's, let's, " Pohl, hadn't, Chattanooga Pohl, it's, Realtor.com Organizations: Service, Chattanooga, Business, ., San Locations: San Francisco, Chattanooga , Tennessee, California, . Montana, Chattanooga, Durham , North Carolina, Francisco, Tennessee, San Franciso, there's, mhoff@businessinsider.com

☆ I just don’t get the ‘Game of Thrones’ and ‘House of the Dragon’ obsession
▼ + stars: | 2024-06-16 | by ( Lisa Respers France | ) edition.cnn.com time to read: +7 min

And people love them some “Game of Thrones.” Like seriously love it. (I also have to read book series in strict order, but I digress). The first book is titled “A Game of Thrones” and I settled in fully expecting to be engrossed by all 694 pages. Ollie Upton/HBOWih this weekend’s premiere of the second season of the “Game of Thrones” spinoff “House of the Dragon” I decided to try again. So sorry “House of the Dragon,” it doesn’t appear we’re meant to be.

Persons: Winter, HBO Max I, George R, Martin, “, ”, I’m, I’ve, Jon Snow, Kit Harington, Megan Thomas, Adam Elkus, Rhys Ifans, Olivia Cooke, Ollie Upton, Renee Frederick, nope, it’s, that’s, Taylor Swift Organizations: CNN, “, HBO Locations: Westeros, “

☆ Giant Loophole May Protect Trump Liquor Licenses Despite His Felonies
▼ + stars: | 2024-06-13 | by ( Laura Italiano | Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +5 min

New Jersey officials revealed this week that they are looking at the licenses at his three golf courses there. AdvertisementThese states prohibit felons or people convicted of "moral" offenses such as fraud from holding a liquor license. Say Trump is landlord to the bar operators at one of these properties, and it's the bar operators who hold the liquor license, Pierce said. If Trump is charging the bar a flat rent, his felony status won't impact that liquor license. Trump would still have options, though, even if his hush-money conviction voided one or more of his liquor licenses.

Persons: —, Donald Trump, William Fay, Fay, he's, Aaron H, Pierce, Trump, Kwok Organizations: Service, Trump, New, New Jersey Attorney, Business, ABC Locations: ., Jersey, Colts Neck, Bedminster, Pine Hill, New Jersey, New Jersey , New York , Florida, California, United States, Manhattan, New York

☆ Cramer says the market can't broaden out due to uncertainty away from tech
▼ + stars: | 2024-06-13 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday said it's no secret that the market rally has been driven by a handful of tech stocks, and it's not likely to change anytime soon. Cramer said companies like Nvidia , Apple , Microsoft , Alphabet , Amazon , Oracle and now Broadcom have been integral to the rally. But while tech stocks have been shining, Cramer said other sectors can't quite say the same. For instance, Cramer pointed to the banks, which often serve as a bellwether for the market. It's hard to know where the market would be without the tech sector, he added.

Persons: CNBC's Jim Cramer, it's, Cramer, It's, Huntington, Hunt Organizations: Nvidia, Apple, Microsoft, Oracle, Broadcom, Federal Reserve, Trucking, Norfolk, Norfolk Southern and Union Pacific, Molson Coors, Kraft Heinz, PepsiCo Locations: Norfolk Southern

☆ Jim Cramer says it's still too early to buy Nike — but he likes these 3 stocks
▼ + stars: | 2024-06-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Shares added more than 2%. "I like the stock very much," Jim Cramer said, acknowledging that CEO Michael Hsu has needed to implement needed to cut costs as part of a business reorganization. Nike : Shares added 0.4% after analysts at Deutsche Bank resumed coverage of the athletic footwear and apparel maker with a buy rating. "I would be very careful" with Nike's stock, Cramer said.

Persons: Jim Cramer's, Jim Cramer, Michael Hsu, Cramer, Dave, Joey Chestnut, Takeru Kobayashi Organizations: CNBC, Club, Clark : Bank of America, CNBC Investing Club, Procter, Gamble, Nike, Deutsche Bank, Netflix, Cola, Citigroup

☆ These chefs and restaurants are the 2024 James Beard Award winners
▼ + stars: | 2024-06-11 | by ( Marnie Hunter | ) edition.cnn.com time to read: +10 min

CNN —The Oscars of the food world — the James Beard Awards — were handed out Monday night to many chefs and restaurants reflecting cultures and regions that have long been overlooked when honoring culinary achievement in the United States. Outstanding Chef winner Michael Rafidi dedicated his award to Palestinian people all over the world in his acceptance speech. The 2024 winners bring heritage from all over the globe — the Philippines, Mexico, Japan, Peru, Vietnam, Senegal — to tables across the United States. This year’s awards also bring recognition to restaurants in many smaller towns and states that have not historically been recognized with James Beard Awards. Chef Masako Morishita received the James Beard Award for Emerging Chef.

Persons: James Beard, —, Serigne Mbaye, ” Mbaye, Michael Rafidi, ”, Paul Smith, Lula Drake Wine, Chef Masako Morishita, Beard, Deb Lindsey, Masako Morishita, Atsuko Fujimoto, Morishita, Adams Morgan, Fujimoto, Baker, Ruth Reichl, Reichl, “, foodie, James Beard’s, ” Beard, Hamissi Mamba, Nadia Nijimbere, MI, Yenvy Pham, Phở, WA Chris Viaud, NH Hollis Wells Silverman, Erika Whitaker, Kelly Whitaker, Sarah Minnick, Dean Neff, Renee Touponce, David Uygur, Christine Dong, Fariyal Abdullahi, Janet Becerra, SC Ryan Fernandez, Mel, Baker Susan Bae, Jesus Brazon, Manuel Brazon, Crystal Kass, Valentine, AZ Anna Posey, Hospitality Crawford, NC Gemma, Lula Cafe, Vin, California Geoff Davis, CA Rogelio Garcia, Auro, Lord Maynard Llera, Kuya, Los Angeles , CA Tara Monsod, Billy ” Ngo, Vinnie Cimino, Cordelia, Jose Salazar, Sarkar, Hajime Sato, Sozai, MI Jenner Tomaska, Tony Conte, Jesse Ito, Matt Kern, Harley Peet, Kevin Tien, Ann Ahmed, Rob Connoley, Dan Jacobs, Dan Van Rite, Christina Nguyen, Hai, Tim Nicholson, Brandon Cunningham, Ali Sabbah, Matt Vawter, Penelope Wong, Yuan Wonton, Nick Zocco, NY Atsushi Kono, Chris Mauricio, Charlie Mitchell, Clover, NY Jeremy Salamon, Conor Dennehy, Talulla, Maria Meza, David Standridge, Jake Stevens, Cara Tobin, Honey, Avery Adams, Matia, WA Kristi Brown, WA Josh Dorcak, Gregory Gourdet, Melissa Miranda, Jamie Davis, The, Washington , NC Rod Lassiter, Parnass Savang, James London, Chubby Fish, SC Robbie Robinson, Valerie Chang, FL Hunter Evans, Jackson, MS Gabriel Hernandez, Carlos Portela, Rene Andrade, Jeff Chanchaleune, Ma Der, Steve, Steve Riley, NM Eduardo Rodriguez, Zacatlán, Texas Emmanuel Chavez, Houston , TX Christopher Cullum, Cullum’s Attaboy, San Antonio , TX Tracy Malechek, Ezekiel, Birdie’s, Misti Norris, Petra, Ana Liz Pulido, Ana Liz Taqueria Organizations: CNN, Dakar NOLA, Lyric Opera, Michelin, Beverages Program, Chefs, The Washington Post, Washington Commanders, The New York Times, Gourmet Magazine, James, James Beard Foundation, Hav, Seattle , WA Nikko Cagalanan, SC, NY, Dakar, FL Kisser, Nashville , TN Oro, Caracas Bakery, AZ, Hospitality, IL, NY Woodford Food & Beverage, Beverages, SC The Morris, D.C, BEST, Social Haus, UT, New, New York State, Pacific, FL, Houston , TX Locations: United States, New Orleans, West Africa, Chicago, Portland , Oregon, Pacific, Albi, Washington, Ramallah, Philippines, Mexico, Japan, Peru, Vietnam, Senegal, West Virginia, Charleston , West Virginia, Columbia , South Carolina, Mission , Texas, Mystic , Connecticut, Easton , Maryland, Portland , Maine, Tokyo, Perry’s, Adams, DC, Bakery, Detroit, Seattle, WA, Greenleaf, Ansanm, Milford, Wolfeboro, NH, The Wells, Boulder, Portland, Wilmington ,, Albi , Washington, The, Lucia, Dallas , TX, Santa Fe, Marfa ,, San Antonio ,, Springs, , New York, Pancita, Seattle , WA, Kultura, Charleston, Southern Junction, Buffalo, Waitsburg, Lockhart, TX, Carmel, Dorchester, Dakar NOLA , New Orleans, LA Hayward, McMinnville, Kaya, Orlando, Nashville , TN, Nixta , Minneapolis, Shan, Bozeman, Albuquerque, Long Beach ,, Hudson, Caracas, Doral, Miami, Phoenix, Elske, IL, Son, Raleigh, NC, Dallas ,, New York, NY, Columbia, San Francisco ,, Anaheim , Anaheim, , Washington, Waxlight, Montpelier, VT, Baltimore, , New Orleans, LA, Brownsville ,, California, Burdell, Oakland, Calistoga, Los Angeles ,, San Diego ,, Kru, Sacramento, Lakes, MI, Cleveland ,, Mita’s, Cincinnati, Indienne, Clawson, Esmé, NJ, PA, Philadelphia, Fenwick, Bas Rouge, Easton, KS, MN, MO, WI, Khâluna, Minneapolis, St, Louis, EsterEv, Milwaukee, Hai Hai , Minneapolis, Omaha, UT, WY, Greenough, Salt Lake City, Rootstalk, Breckenridge, Denver, Urban, Sofreh, Brooklyn, Kono , New York, Harana, Accord, Clover Hill, RI, Cambridge, Dolores, Providence ,, Leeward, Burlington, Island, MÄS, Ashland, kann, Musang, KY, TN, The Hackney, Washington , NC, Talat, Atlanta, West Columbia, Maty’s, Elvie’s, Verde Mesa, San Juan, Saffron , New Orleans, AZ, NM, Bacanora, Oklahoma City, Henderson, Mesa, Tatemó, Houston ,, Austin ,, Mission

☆ 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

☆ Beaches open in Paris as Olympic city gears up for summer
▼ + stars: | 2024-06-07 | by ( Xiaofei Xu | ) edition.cnn.com time to read: +4 min

As usual, Paris will open its regular summer beach on the banks of the Seine river. Paris’ city government confirmed to CNN it is confident that the water quality will meet health standards during the game. For those who still might recoil at the idea of jumping in a city center waterway, there are other options. The beaches are the centerpieces of a program of activities in Paris aimed at creating an Olympic festival for visitors descending on the city during the 2024 summer Games. Entry is via a lottery through the Paris Olympic Games app.

Persons: it’ll, Saint Martin, Pierre Rabadan, It’s, Fabien it’ll, Versailles –, Garnier Organizations: Paris CNN, CNN, Olympics, Petit Palais, Games, Concorde, Eiffel, Paris Olympic Locations: France, French, Paris, Nice, Saint, Villette, Paris ’, Petit, Marais, Versailles

☆ National Doughnut Day: Free doughnuts from Krispy Kreme, Dunkin’ and other chains
▼ + stars: | 2024-06-07 | by ( Jordan Valinsky | Emily Smith | ) edition.cnn.com time to read: +2 min

The first Dutch doughnuts didn’t have a hole, but they were fried in hot oil and the dough was sweet. Enough of the boring stuff, here’s where to get free doughnuts:Dunkin’Customers can get a free doughnut with a purchase of a beverage on Friday. Krispy KremeThe chain is making it easy to celebrate: Any of its regular doughnuts, like glazed or cake, are free with no purchase necessary. Plus, it’s selling a dozen of its glazed doughnuts for just $2 with the purchase of a regularly priced dozen of doughnuts. Shipley Do-NutsThe chain, with more than 300 locations primarily in Texas, is giving out free glazed doughnuts with any purchase.

Persons: ”, Dunkin ’, Jelly Roll, It’s, Krispy, Dolly Parton, Shipley Organizations: New, New York CNN, “, Salvation Army, Taco John’s, Speedway Locations: New York, Chicago, Texas

☆ Stocks making the biggest moves midday: Five Below, Salesforce, Lululemon, Instacart and more
▼ + stars: | 2024-06-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG expected $883 million. The move was made earlier this week and comes just days after the company reported its first revenue miss since 2006. Lululemon issued weak guidance for the current quarter, but its full-year earnings per share guidance was above expectations. The company recorded earnings of $2.66 per share, which is better than the LSEG consensus estimate of $2.33 in earnings per share. The bank cited its earnings per share potential and discounted valuation as reasons for the call.

Persons: LSEG, ValueAct, Mason Morfit, Lululemon, Sprinklr, Smartsheet, Smucker, Goldman Sachs, —, Samantha Subin, Michelle Fox, Lisa Han, Alex Harring Organizations: LSEG, Revenue, Old Dominion, Fluence Energy, Guggenheim, Ultragenyx Pharmaceutical, JPMorgan

☆ The low-end consumer 'is really being stretched,' says Five Below CEO
▼ + stars: | 2024-06-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

"The lower-end customer is really being stretched," Anderson said on an earnings call with analysts Wednesday. "We've got to deliver value, and we've got to really display that in how we go to market, and when you walk in the store, what you see. This, he said, indicates that when consumers see the value of products, the more they have to "stretch their dollar." Though there has been some indication that aspects of the U.S. economy are improving, consumer sentiment has been lagging. In fact, consumer sentiment dropped more than 10% in May, according to the University of Michigan Survey of Consumers.

Persons: Joel Anderson, underperformance, Anderson, We've, we've, — Organizations: Revenue, Consumers, University of Michigan Survey Locations: U.S

☆ Dubai Mall, one of the world's largest, is getting even bigger with a $400 million expansion
▼ + stars: | 2024-06-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an estimated 1.5 billion dirhams ($408 million). Spanning 12 million square feet of floor space, the mall is also connected to the Burj Khalifa, the world's tallest skyscraper. The mall's developer, Emaar Properties this week announced the building's expansion plan, which will add 240 new luxury stores and food and drink venues. "The new Dubai Mall expansion is a great addition to one of the most visited sites in the world," Mohamed Alabbar, Emaar founder, said in a statement.

Persons: Mohamed Alabbar Organizations: United Arab Emirates, SEGA Locations: Dubai, United Arab, DUBAI, Burj, UAE, Ukraine

☆ Lionel Messi is taking on Prime with a new sports drink
▼ + stars: | 2024-06-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Logan Paul’s Prime drink has some new competition in the form of the G.O.A.T. And the drink is also a new foray into non-alcoholic drinks for Mark Anthony Brands, as Americans consume less alcohol. Más+ by Messi is a low-sugar drink containing electrolytes and vitamins without artificial sweeteners, colors or caffeine. Hydration and energy drinks are projected to be a $60 billion market by 2032, growing roughly 6% annually, according to Precedence Research. “Gen Alpha is up for grabs, and that is who these new generation energy drinks are aiming to capture especially as they enter teenage years.”

Persons: New York CNN — Logan, Lionel Messi, White, Mark Anthony Brands, Messi, Miami Punch, Ballon, Seltzer, Andrea Hernández, ”, “, ” Hernández, Alpha Organizations: New, New York CNN, Soccer, Paul’s, Gatorade, Miami, Inter Miami, Orange, Major League Soccer, Messi, Beverage Co, Research, BodyArmor, CNN Locations: New York, Miami, America

☆ Athletic Brewing CEO explains why he feels the term 'sober' is outdated
▼ + stars: | 2024-06-03 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. Related storiesThe term "sober" is defined as abstaining from drinking or drugs, according to Merriam-Webster, but there are several variations in the way it's used today. AdvertisementOthers more recently use the term "sober curious" to refer to an exploratory period where they cut down or abstain from drinking alcohol. By 2021, beverage analysts told Business Insider that they expected the non-alcoholic beverage market to expand, and it has. The ongoing trend is about being more mindful and moderating drinking more than anything else, an Athletic Brewing Company spokesperson told Business Insider.

Persons: —, Shufelt, hasn't, Logan Bartlett, Webster, Bartlett, Gen Organizations: Service, Athletic Brewing, Business, Merriam, Cali, Athletic Brewing Company, University of Michigan

☆ I tried Starbucks' new boba-inspired summer drinks. They looked stunning, but one was really lacking in flavor, and I wouldn't pick them over real boba.
▼ + stars: | 2024-06-03 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Starbucks has rolled out a line of boba-inspired Refresher drinks in the US. The blue beverages all include raspberry-flavored popping pearls and its new Summer-Berry Refreshers mixture. The drinks looked very attractive, although the coconut-milk-based beverage was lacking in flavor. AdvertisementStarbucks has rolled out its first-ever line of boba-inspired drinks in the US as part of its summer menu. The new drinks, which all have lengthy names, are the Summer-Berry Lemonade Starbucks Refreshers Beverage, the Summer Skies Drink Starbucks Refreshers Beverage, and the Summer-Berry Starbucks Refreshers Beverage.

Persons: Berry, — Organizations: Starbucks, Service, Beverage, Refreshers Beverage, Business

☆ 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

☆ Anchor Brewing gets new lease on life after it finds an unexpected buyer
▼ + stars: | 2024-06-03 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Anchor closed in July 2023 and its former parent company Sapporo USA put it up for sale after facing years of declining sales. Despite Ulukaya’s excitement about reviving the 127-year-old brand, the craft beer business has been in decline as drinkers shift to spirits and cheaper alternatives. “The brand struggled because it kept relevance with longtime, committed craft beer enthusiasts, but rarely registered with young people or casual drinkers,” Roth said. “Focusing on Anchors legacy, stature, and part of American craft beer history could help the brewery form new emotional connections with drinkers.”

Persons: it’s, Hamdi Ulukaya, Brewing’s, Ulukaya, ”, Anchor’s, Jose Sarmento Matos, there’s, ” Bryan Roth, ” Roth Organizations: New, New York CNN, Brewing, LinkedIn, San, Sapporo, Bloomberg, Getty, San Francisco, Feel Goods Company, CNN Locations: New York, San Francisco, California, Sapporo USA, Sapporo, Potrero Hill

☆ It’s gonna be a hot, hot summer. Spicy snack foods and drinks are bringing the heat
▼ + stars: | 2024-06-02 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +8 min

“The spicy trend is here to stay,” Sally Lyons Wyatt, packaged goods and foodservice industry advisor with market research firm Circana, said in an interview with CNN. Spicy plus sweet give you “Swicy.” And yes, brands are trying to make it a thing as they look for ways to stretch out the spicy trend. Starbucks in the spring also introduced limited-time hot honey drinks, made with wildflower honey infused with chili peppers, such as Hot Honey Affogato and Hot Honey Espresso Martini to the menu at its Starbucks Reserve roasteries and select US stores. Nestle has also trotted out recent spicy innovations such as California Pizza Kitchen’s hot honey croissant crust pizza, Stouffer’s spicy nacho mac and Hot Pockets x Hot Ones. “Americans have made cult-favorites out of condiments like Sriracha and hot honey.

Persons: ” Sally Lyons Wyatt, ” Lyons Wyatt, Millennials, Gen Z, Gen Alpha, ” Lyons, Gen, Martini, ”, Lyons Wyatt, Jennifer Creevy, WGSN, Jeff Gritchen, Alpha, Creevy, “, ” Creevy, Mustafa Shamseldin, “ We’ve, Nestle, Primo, nacho, Varchasvi Singh, ” Singh Organizations: New, New York CNN, Walmart, Target, CNN, Starbucks, Disney California, MediaNews, Orange, Register, USA Pepsico, Foods, Pepsico, ” Nestle, Nestle, Tombstone, Mintel Locations: New York, America, Sonoma, Anaheim , California, Korea, “, Tombstone, USA, North America, California

☆ Why the price of chocolate's key ingredient skyrocketed in 2024
▼ + stars: | 2024-06-01 | by ( Christian Nunley | ) www.cnbc.com time to read: +1 min

Chocolate's key ingredient has soared in commodities markets throughout 2024. Factors such as crop disease, El Niño, farm-gate prices and market speculation all played big roles in cocoa's historic price run-up. As the chocolate industry grapples with higher input costs, consumers are feeling the pinch, and chocolate providers are beginning to consider alternatives. The food and beverage company partnered with Voyage Foods in April to produce the alternatives. Watch the video above to learn more about the causes of this prolonged price rise, and what's next for the industry.

Persons: El, Paul, Cargill, Adam Maxwell, what's Organizations: Rabobank, Voyage Foods, Foods

☆ Nutritional needs are 'shifting' amid rise of weight loss drugs, says Nestle CEO
▼ + stars: | 2024-05-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

In this article NES.N-CH Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe meteoric rise of weight loss drugs means consumers' nutritional needs are "shifting" which provides new opportunities for food companies, Nestle CEO Mark Schneider told CNBC. "I think what since has emerged is that nutritional needs don't go away. So, you know before, during, after GLP-1 therapy — consumers still have nutritional needs, but they may be different from someone who is not on a weight loss regimen." According to Schneider, consumers who are on weight loss medication simply have different nutritional needs. Nestle is also planning other "companion offerings" for consumers taking weight loss drugs, both in the U.S., where Vital Pursuit products will launch, and elsewhere, Schneider said.

Persons: Mark Schneider, Schneider, CNBC's Silvia Amaro, Nestle, they're Organizations: Nestle, CNBC, Investors Locations: Swiss, U.S

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