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☆ Monster Beverage is making booze that tastes just like its energy drinks, and you can already buy it in these 6 states
▼ + stars: | 2023-03-01 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

The Beast Unleashed contains 6% alcohol by volume and flavors inspired by its energy drinks. Called The Beast Unleashed, the drinks are made with malt alcohol and contain 6% alcohol by volume, though no caffeine or energy-inducing ingredients. But the Beast beverages are its latest attempt to diversify its business. Beast Unleashed, which the company announced in early 2022, is the company's first alcoholic beverage that uses the Monster brand. The launch marked the first alcoholic beverage that the cola maker sold in the US.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dick's, Costco, Snowflake, Meta, Dish & more
▼ + stars: | 2023-02-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Mizuho reiterates Tesla as buy Mizuho said it's standing by its buy rating heading into the company's analyst day on March 1. Barclays reiterates Apple as equal weight Barclays said low growth in the App Store is the "new norm" for Apple. Morgan Stand reiterates Dick's as overweight Morgan Stanley said it's standing by its overweight rating heading into Dick's earnings on March 7. Bank of America downgrades Dish to underperform from buy Bank of America said it sees inflationary pressure for the satellite TV company. Deutsche Bank reiterates Salesforce as buy Deutsche Bank said it's standing by shares of Salesforce heading into earnings on Wednesday.

☆ Ukraine says it shot down a Su-25 jet and captured its pilot in revenge for a weekend of shelling: reports
▼ + stars: | 2023-02-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Ukraine says it shot down a Russian Su-25 jet in Avdiivka, Donetsk on Sunday. The brigade said that Russian forces were losing manpower and equipment in their attempts to advance near the site. After heavily shelling the plant earlier in the war, Russian forces have continually attempted to advance in its direction. Buildings in Avdiivka, Donetsk region, after Russian shelling on February 25, 2023, per the region's military administrator. Also known as a "Frogfoot," the Su-25 originated as a heavy Soviet-era jet designed to provide close air support to ground forces.

☆ Donald Trump Jr. says no one has eaten more McDonald's 'per capita' than his father
▼ + stars: | 2023-02-24 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Donald Trump Jr. says no one eats more McDonald's "per capita, than Donald Trump." Trump Jr. added that it's "100% accurate" that no one knows the McDonald's menu better than his dad. On an episode of his "Triggered" podcast on Thursday, Trump Jr. talked about his father's trip to East Palestine, Ohio. "No one probably eats more of it, per capita, than Donald Trump," he added. Trump Jr., the former president's oldest son, also said it was nice seeing his father "just sitting there at McDonald's."

☆ The Legend Behind ‘Cocaine Bear’ Is Even Wackier Than the Movie
▼ + stars: | 2023-02-23 | by ( Ashley Wong | ) www.wsj.com time to read: 1 min

LEXINGTON, Ky.—Coming Friday to movie theaters nationwide, “Cocaine Bear” draws inspiration from the true story of a bear that, well, ate cocaine. In the Hollywood version, the beast then goes on an R-rated, coke-fueled murder rampage. In real life, it’s harder to separate truth from fiction.

☆ Microsoft is using ChatGPT to teach robots how to get you a soda and warm up your lunch
▼ + stars: | 2023-02-23 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Microsoft is testing what happens when ChatGPT takes control of small robots. Researchers at Microsoft imagine a day when people can give instructions like "heat up my lunch" to at-home robots. This week, a team of researchers at Microsoft released its early findings after allowing ChatGPT to take control of robots. In this report, researchers detailed how they used certain prompts to allow ChatGPT to take control of a small drone. OpenAI has kept many industries on their toes since the company decided, as a last resort, to release its ChatGPT AI chatbot to the public in late November.

☆ Chinese-owned British Steel plans closures which may cut 260 jobs
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 22 (Reuters) - Chinese-owned British Steel on Wednesday said it could cut up to 260 jobs after announcing the planned closure of its coke ovens in northern England, saying steelmaking in Britain was uncompetitive despite efforts to reduce costs. British Steel boss Xifeng Han said the company, which is owned by China's Jingye Group (600768.SS), was "undergoing the biggest transformation in our 130-year history." He also said decarbonisation was a major challenge for its business as the company set out proposals to close the coke ovens at its Scunthorpe site. Jingye, which bought the company out of insolvency in 2020 with a promise of 1.2 billion pounds ($1.45 billion) in spending, has invested 330 million pounds in capital projects so far, British Steel said in the statement. "Unite will pursue every avenue, including industrial action, to defend members’ jobs at British Steel," the union said in a statement.

☆ Top brands pull out of Russia, but their goods remain easy to find
▼ + stars: | 2023-02-22 | by ( Alexander Marrow | ) www.reuters.com time to read: +8 min

Brands' continued availability shows the challenge companies face in controlling supply chains when exiting a market. Market leader Wildberries sells old stock from Inditex brands and has almost 17,000 goods in its Zara catalogue. Informal supply routes could lead to more poor-quality goods entering Russia, however, as regulators lose oversight, Ben Tzion said. IKEA brand owner Inter IKEA Group said it sold remaining stock for an undisclosed amount to Yandex as it down-scaled IKEA Retail Russia. IKEA said it was looking into goods being advertised as similar to IKEA online.

☆ Walmart is offloading outdoor brand Moosejaw six years after acquiring it as DTC brands prove tricky to integrate into large companies
▼ + stars: | 2023-02-22 | by ( Ben Tobin | Alex Bitter | ) www.businessinsider.com time to read: +3 min

The sale is part of a trend of large companies struggling to integrate direct-to-consumer brands. Dick's Sporting Goods is buying outdoor retailer Moosejaw from Walmart, the company announced Wednesday. Walmart purchased Moosejaw in 2017 for about $51 million to bolster its outdoor and e-commerce offerings. That same year, the retail giant purchased another direct-to-consumer company, the apparel brand Bonobos. Integrating direct-to-consumer brands is often a challenge for big companies.

☆ British Steel proposes to close coking ovens in move that could cut 260 UK jobs
▼ + stars: | 2023-02-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

LONDON — Chinese-owned British Steel said it may eliminate up to 260 U.K. jobs as a result of the proposed closure of its coking ovens in Scunthorpe, as steelmaking in Britain remains "uncompetitive" despite cost cutting. British Steel employs 4,700 people, of whom 4,300 are based in the UK. The British administration has been in talks to agree a long-term solution with British Steel over recent months. The Unite union called on British Steel must provide further disclosure over Scunthorpe or face potential industrial action. "Unite will pursue every avenue, including industrial action, to defend members' jobs at British Steel."

☆ Analysis: To raise prices or not? Consumer goods makers weigh bets on buyer strength
▼ + stars: | 2023-02-20 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com time to read: +6 min

But, there are small signs the pressure is easing, with U.S. consumer prices a month earlier declining for the first time in two-and-a-half years, due in part to gas prices. Price hikes - or halts - are set to take center stage at the Consumer Analyst Group of New York annual conference on Feb. 20 in Boca Raton, Florida. DIFFERENT PREDICTIONSAfter more than a year of consistent price hikes, some consumer goods makers such as Kraft Mac & Cheese manufacturer Kraft Heinz Co (KHC.O) are pressing pause as they weigh consumer demand for their items. Frozen pizza prices have risen about 14% in the last year, according to IRI data. "Retailers cannot truly push back on prices … if the company has an important brand," Bernstein analyst Bruno Monteyne said.

☆ Charlie Munger still likes big banks and hates crypto
▼ + stars: | 2023-02-15 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

“I might have different ideas [than Buffett],” Munger said about bank stocks at the annual meeting for the Los Angeles-based newspaper publisher Daily Journal, where Munger was chairman until last year. Munger remains a board director at Daily Journal and is one of its top investors. Daily Journal, like Berkshire Hathaway (BRKB), is a conglomerate that also owns some individual stocks. Daily Journal’s portfolio is much smaller than Berkshire’s. Munger said he doesn’t want to sell Daily Journal’s bank investments because Daily Journal bought many of the stocks at the bottom during the 2008-2009 financial crisis.

☆ Coca-Cola Earnings Drop as Stronger Dollar Weighs
▼ + stars: | 2023-02-14 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Coca-Cola’s earnings were in line with analyst expectations on an adjusted basis. Coca-Cola Co. said profit fell in the fourth quarter from a stronger dollar, while revenue rose 7% as higher prices offset a decline in sales volume. For the current year, Coke expects sales growth to slow, with organic revenue, which strips out the effects of foreign-currency fluctuations, acquisitions and divestitures, projected to grow between 7% and 8%. That is down from 16% in 2022.

☆ Watch CNBC's full interview with Coca-Cola CEO James Quincey on fourth-quarter earnings
▼ + stars: | 2023-02-14 | 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 EmailWatch CNBC's full interview with Coca-Cola CEO James Quincey on fourth-quarter earningsCoke CEO James Quincey joins 'Squawk Box' to discuss a Q4 earnings beat, the global rate of inflation offsetting the strength of the dollar, and consumer reaction to price increases.

☆ Coco-Cola CEO James Quincey on Q4 earnings: We had a good finish to the year
▼ + stars: | 2023-02-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoco-Cola CEO James Quincey on Q4 earnings: We had a good finish to the yearCoke CEO James Quincey joins 'Squawk Box' to discuss a Q4 earnings beat, the global rate of inflation offsetting the strength of the dollar, and consumer reaction to price increases.

☆ Coca-Cola revenue rises in fourth quarter, fueled by higher prices
▼ + stars: | 2023-02-14 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Coca-Cola on Tuesday reported quarterly revenue that beat analysts' expectations, driven by higher prices on its drinks. Excluding items, Coke earned 45 cents per share. Looking to 2023, Coke is projecting comparable revenue growth of 3% to 5% and comparable earnings per share growth of 4% to 5%. Wall Street was forecasting revenue growth of 3.9% and earnings per share growth of 3% for the year. Read the Coca-Cola earnings report here.

☆ TikTokers are roasting McDonald's hilarious drive-thru AI order fails — and it shows that robots won't take over restaurants any time soon
▼ + stars: | 2023-02-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Another TikToker generated 97,000 views on a post, where she explained how "robots are taking over the world" and they're messing up her McDonald's order. She said the voice bot put 9 sweet teas on her order tab, when she only ordered one sweet tea. In the bot's defense, McDonald's restaurants don't serve Mountain Dew products. Those restaurants still have restaurant workers taking orders, but some McDonald's restaurants have voice bots. Checkers & Rally's, Taco Bell, Sonic, Panera Bread, and Popeyes are testing voice bots in drive-thru lanes.

☆ Earnings season is in full swing, and here's how to play 3 of the biggest names
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings season is in full swing, and here's how to play 3 of the biggest namesThe traders look ahead to earnings from Paramount, Cisco and Coke. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Jeff Mills.

☆ Coca-Cola partners with Rosalia on new drink
▼ + stars: | 2023-02-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —Coca-Cola is releasing a new limited-edition flavor, Coca-Cola Move, in collaboration with Grammy-award winning singer Rosalía. As with its other high-concept flavors, Coca-Cola isn’t sharing what Move is actually supposed to taste like. Coca-Cola partners with Rosalía on a new drink, "Coca-Cola Move". The Coca-Cola CompanyFor Coca-Cola, the limited-edition items are a way to build buzz around its core product, Coke. In June, it co-created a Coke drink with Marshmello, a masked celebrity DJ and electronic music producer.

☆ UK scientists found a way to slash nearly 90% of carbon emissions from the country's steel industry
▼ + stars: | 2023-02-09 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Now, researchers at the University of Birmingham have developed a process to clean up the most carbon-intensive part of the steelmaking process: blast furnaces. Currently, coking coal and iron ore are fed into furnaces and heated to sky-high temperatures to create liquid iron, which is then refined into steel. About 70% of steel used around the world for buildings, cars, and household appliances is made this way. For every metric ton of steel produced, nearly two metric tons of carbon dioxide is released into the atmosphere, according to the World Steel Organization. Kildahl described it as a "closed-loop" system that captures and recycles carbon dioxide to trigger the chemical reactions that convert iron ore into steel.

☆ Amazing start to the year for stocks, but warning signs are flashing
▼ + stars: | 2023-02-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Amazing start to the year for stocks, but there are warning signs. "In seven of the ten other instances [where the S & P was up at least 7% by Feb. 2nd], the S & P continued higher for the remainder of the year," according to Jeffrey Yale Rubin, director of research at Birinyi. In eight of the 10 years where the S & P was up at least 7% by Feb. 2nd, the S & P moved at least 10% in the remainder of the year, according to Rubin. It is fairly unusual for major indexes like the Nasdaq and S & P 500 to go into overbought territory. while tech stocks have been heavily bought (the Nasdaq-100, a barometer of tech interest, is up 17% year to date).

☆ Why Netflix is placing cars like the Chevy Bolt in its shows, and what the streamer's deal with GM means for its growing advertising business
▼ + stars: | 2023-02-02 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Netflix announced a new deal to integrate GM electric vehicles into popular shows like "Love is Blind" and "Queer Eye." On a press call announcing the deal, Lee said directors and showrunners would be involved in the process and that cars would be integrated in an "authentic" way so they don't "feel out of place." Netflix has a history of placing brands like Coke and GM in shows like "Stranger Things" and "Queer Eye." Lee insisted the GM deal isn't "product placement" and that GM isn't paying to put its vehicles on shows. Terms of the deal weren't shared; GM said it wasn't part of a TV ad buy on Netflix's Basic with Ads.

☆ Iron ore prices could rally as one leading producer remains reluctant to share, analyst says
▼ + stars: | 2023-02-01 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

"Indian iron ore exports … have really come off in the last few months. India's exports of iron ore plunged by 90% year on year in October last year, and recorded an year-on-year decline as steep as 96% in September. Udit Kulshrestha | Bloomberg | Getty ImagesAccording to Refinitiv, around 60% of global iron ore exports are destined for China. Iron ore exports from India were affected by a 50% tax on low-grade iron ore exports, which was reversed in late November. India's iron ore exports won't be the biggest factor in price volatility, however.

☆ Powerade is taking a jab at Gatorade with new formula and packaging
▼ + stars: | 2023-02-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

Powerade is taking on Gatorade with its new packaging. The unit now oversees the Powerade brand for Coke, and it has been making the changes — and spotlighting comparisons to Gatorade. Working together, “we can use, now, BodyArmor and Powerade as a one-two punch to beat Gatorade,” Muyshondt told CNN. Today, Gatorade controls about 63% of the US sports drinks market by volume, according to data from Euromonitor International. Coca-Cola’s strategy is about more than just gaining a bigger share in the sports drinks market.

☆ I followed Nancy Pelosi's diet of breakfast ice cream and hot dogs for a week, and I ping-ponged between euphoria and the depths of despair
▼ + stars: | 2023-01-31 | by ( Sophie Kleeman | ) www.businessinsider.com time to read: +22 min

My research found that Pelosi eats ice cream for breakfast, hot dogs for lunch, pasta, and chocolate. Chocolate ice cream for breakfast, rich and creamy pasta, and lots of snacking chocolate. She claims she does not exercise; her daughter once arrived home to find her mother eating chocolate ice cream while using a stationary bike. I save the ice cream for later to avoid a massive sugar crash and start out with a cup of black tea instead. However, I don't want to slack off after the ice cream episode, so I slather it on.

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