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☆ Joel Osteen Lakewood Church shooting: Houston police search for motive as new details emerge about shooter
▼ + stars: | 2024-02-13 | by ( Steve Almasy | Christina Maxouris | ) edition.cnn.com time to read: +8 min

One federal law enforcement source told CNN she fired around 30 bullets. “That’s why federal authorities were executing search warrants,” he said, noting they are “looking for computers, any written documents, thumb drives, social media, online. But in her 30s, she described herself on social media as the founder of a real-estate and financial services firm. By her own account on social media pages, she is involved in sales of everything from new condos to shopping malls. Attorney William Capasso said he represented Moreno in 2021-2022 and told CNN Genesse Ivone Moreno went by the name Jeffrey Moreno Carranza at the time.

Persons: Genesse Ivonne Moreno, Joel Osteen, Troy Finner, Christopher Hassig, Moreno’s, Finner, Moreno, Douglas Williams, “, ”, “ We’re, Joel Osteen's, John Miller, Hassig, Genesse Ivonne, ” Hassig, William Capasso, CNN Genesse Ivone Moreno, Jeffrey Moreno Carranza, Capasso, Miller, Osteen, ” Osteen, “ We’ve, Callaghan O'Hare, ” CNN’s Raja Razek, Andy Rose, Ashley Killough, Jamiel Lynch, Lauren Mascarenhas, Zoe Sottile Organizations: CNN —, Houston, Lakewood Church, Investigators, Houston Police, CNN, Houston Police Department, Texas Alcoholic Beverage Commission, Police, US, of Alcohol, Tobacco, Firearms, Explosives, Houston Fire Department, CNN CNN, Houston police, Records, Texas Department of Public, Joel Osteen's Lakewood Church, Reuters Locations: Lakewood, Conroe –, Lakewood Church, Palestine, Genesse Ivonne Moreno Fort Bend County, Fort Bend County, Houston

☆ Coca-Cola sales beat estimates, helped by higher prices
▼ + stars: | 2024-02-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: 1 min

Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023. Coca-Cola on Tuesday posted quarterly earnings that met expectations and sales that topped estimates, as higher pries helped the beverage maker overcome a volume decline in North America. Coke reported fourth-quarter net income of 1.97 billion, or 46 cents per share, down from $2.03 billion, or 47 cents per share, a year earlier. Excluding items, the company earned 49 cents per share. Net sales rose 7% to $10.85 billion.

Persons: pries, Coke Organizations: LSEG Locations: San Anselmo , California, North America

☆ Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue
▼ + stars: | 2024-02-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

James Quincey, CEO of Coca-Cola Co., speaking on "Squawk Box" at the WEF in Davos, Switzerland, on Jan. 18, 2023. Inflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue, Coca-Cola CEO James Quincey said Tuesday. But Coke's price hikes have slowed from the last two years' double-digit increases. Coke's overall prices were up 9% in the fourth quarter, but Quincey said that came from hyperinflation in markets such as Argentina. In the majority of Coke's markets, shoppers were only paying about 3.5% more for their drinks than they were a year earlier.

Persons: James Quincey, Coke, Wall, Quincey Organizations: U.S . Department of Labor, Coke, Consumers, U.S, CNBC PRO Locations: Davos, Switzerland, Argentina, U.S, Europe

☆ Cramer says weight loss drugs could bring down stocks in the food and beverage sector
▼ + stars: | 2024-02-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday told investors to be wary of some food and beverage stocks as investors are captivated by companies that make newly popular GLP-1s, weight loss and diabetes drugs such as Mounjaro and Zepbound. "Stay away from these food and beverage stocks because there will be a day, that day will come, when one of them finally admits they've been hurt by the GLP-1s, and that will take down every stock in the group," he said. But there are other variables that could contribute to weaker sales for food and beverage companies, he said. Cramer conceded that it's hard to predict just how much these drugs will affect food stocks going forward, but said they will definitely change the market. "However, you're fooling yourself if you think these drugs didn't play some sort of role."

Persons: CNBC's Jim Cramer, they've, Cramer Organizations: PepsiCo

☆ People are turning away from Pepsi's brands because they're too expensive
▼ + stars: | 2024-02-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

He said that PepsiCo expected its international business to keep growing faster than its US one. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Part of that is also pivoting between in-home consumption and away-from-home consumption that we're seeing in our business in the US." This story is available exclusively to Business Insider subscribers.

Persons: —, Ramon Laguarta, Laguarta Organizations: PepsiCo, Service, Business

HOUSTON (AP) — A motive for why a woman in a trenchcoat opened fire in celebrity pastor Joel Osteen's megachurch in Texas remained unclear Monday after the shooting sent worshippers rushing for safety in between busy Sunday services. Police say two off-duty officers working security at Osteen's church, one of the largest megachurches in the U.S., shot and killed the suspect. Osteen said the violence could have been worse if the shooting had happened during the earlier and larger late Sunday morning service. Houston Police Chief Troy Finner did not identify the suspect at a news conference Sunday while standing near Osteen. The woman began shooting and was confronted by two off-duty officers, a Houston police officer and an agent with the Texas Alcoholic Beverage Commission, who returned fire.

Persons: Joel Osteen's megachurch, Osteen, Troy Finner, Finner, Alan Guity, “, ’ ”, Guity, JOEL OSTEEN, John Osteen, Joel Osteen, God, Hurricane Harvey, Paul J, Weber Organizations: HOUSTON, Police, Houston Rockets, . Houston Police, Houston, Texas Alcoholic Beverage Commission, WHO, Authorities, Lakewood Church, Hartford Institute for Religion Research, Associated Press Locations: Texas, U.S, Osteen, Houston, Honduras, Lakewood

As afternoon services were beginning at Lakewood Church in Houston on Sunday, a woman arrived in a trench coat and carrying a backpack, her 7-year-old son at her side. She brought two rifles and had a piece of yellow rope resembling a detonation cord, law enforcement officials said on Monday. The woman pointed an AR-15 at an unarmed security guard, officials said, and then made her way inside the church, which is led by the televangelist Joel Osteen. The officers — a Houston police officer and an agent from the state alcoholic beverage commission — confronted the woman, exchanged fire with her and killed her. Her son was also struck in the head by gunfire, officials said.

Persons: Joel Osteen, — Organizations: Lakewood Church Locations: Houston, United States

☆ With a low cocoa supply, this Valentine’s Day chocolate prices are up
▼ + stars: | 2024-02-12 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

Rising cocoa prices aren’t the only concern for customers this Valentine's Day. Last Thursday, Hershey Co. said it would cut 5% of its workforce after historic cocoa prices and inflation-weary consumers dampened fourth quarter earnings. “And it looks like it’s not necessarily going to subside anytime soon.”The Supreme Valentine’s Day SweetRoughly 92% of Americans say they plan to share chocolate and candy for Valentine’s Day this year, according to the National Confectioners Association. In 2023, Valentine’s Day chocolate and candy sales exceeded $4 billion, the NCA says. Issaka said that while high demand and low supply raise prices, cocoa farmers are getting squeezed.

Persons: ”, Michele Buck, Billy Roberts, ” Roberts, Lindsey Nicholson, Marnie Ives, Ives, ” Ives, “ It’s, Karl Schneider, Roberts’s, Issifu, Issaka, ” Issaka, “ I’m, Cote, Will Kletter, Sabi Ibarra Guerrero, Uwe Gneiting, Gneiting, Joke Aerts, Aerts, ” Aerts, Sia Kambou, Price, Tony’s, “, they’ve, CNN’s Eva Rothenberg Organizations: CNN, Hershey Co, National Confectioners Association, NCA, Cocoa, Oxfam America, Getty, Fairtrade, Cote d’Ivoire, “ Locations: West Africa, North America, Manhattan, Queens , New York, Neck, NY, Bloomfield , NJ, Ghana, North Region, Cote d’Ivoire, Silicon, Africa, Accra, Cote, Hermankono, AFP

☆ 5 things next week that could determine if Wall Street's winning streak continues
▼ + stars: | 2024-02-10 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Wall Street wrapped up another positive week, with the S & P 500 closing Friday above 5,000 for the first time ever. It was a pretty light week in terms of economic data releases, though we did get a favorable ISM Services number on Monday. Things will pick up next week with several closely watched macroeconomic updates, including two key government inflation reports. While no Club earnings are scheduled to report earnings in the week ahead, 61 companies in the S & P 500 will deliver their latest quarterly results. Consumer inflation: The main event of the week will come on Tuesday when the January consumer price index (CPI) is released.

Persons: Estee Lauder, Eli Lilly, Price, Bausch, Trimble, Krispy Kreme, Topgolf, Kraft Heinz, Martin Marietta, Owens Corning, WEN, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Club, GE Healthcare, DuPont, Linde, Ford, Disney, Wynn Resorts, CPI, PPI, Palo Alto Networks, Nvidia, Bausch Health, Arista Networks, WM, Cadence Design Systems, ZoomInfo Technologies, Avis Budget, Brighthouse, Goodyear Tire &, Vornado Realty, Marriott International, Hasbro, Restaurant Brands, Molson Coors Beverage, Holdings, MGM Resorts, MGM, Akamai Technologies, American International Group, AIG, Topgolf Callaway Brands, CME Group, Sony, SONY, Blackstone Mortgage Trust, Martin Marietta Materials, Ryder, Occidental Petroleum, Cisco Systems, Deere, Penn Entertainment, Southern Company, Coinbase, Trade, Materials, Rand, Texas, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Albemarle, ALB, Ingersoll, New York City

☆ Stocks making the biggest moves midday: Pinterest, Cloudflare, PepsiCo, Expedia and more
▼ + stars: | 2024-02-09 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Late Thursday, Pinterest posted fourth-quarter revenue that disappointed Wall Street, but beat on earnings, per LSEG. The company reported earnings of 14 cents per share, while analysts had expected a loss of 26 cents per share, according to FactSet. On Thursday, Expedia reported $21.7 billion in bookings, while analysts surveyed by LSEG were expecting $22 billion. PepsiCo — Shares fell nearly 3% after the beverage and snacks giant's fourth-quarter revenue missed expectations. Enphase Energy , First Solar and more – Solar stocks leapt on Friday, boosting the Invesco Solar ETF (TAN) by 3%.

Persons: Pinterest, Wall, CleanSpark, Expedia, LSEG, Cloudflare, Bill Holdings, Bill, SolarEdge, —, Macheel, Pia Singh, Jesse Pound, Michelle Fox, Lisa Kailai Han, Darla Mercado Organizations: Revenue, Bank of America, PepsiCo —, LSEG, Pepsi, Wall, Bill, Bill Holdings, Lam Research, Semiconductor, Materials, Nvidia, Enphase Energy Locations: FactSet

☆ Target workers fired over Stanley cups say the crackdown leaves some of the stores' Starbucks cafés understaffed
▼ + stars: | 2024-02-09 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +8 min

Read previewTarget's swift and severe crackdown on workers who bought one of the trendy Stanley x Starbucks cups last month could lead to another headache — keeping its Starbucks cafés staffed up. Of the 11 recently fired Target employees who have discussed their situations in detail with Business Insider, six worked in their stores' Starbucks cafés, which operate under a license agreement with the coffee company. STLs also told BI that stores are shuffling workers between stores, as they have in the past, to help with coverage. "You have so much paperwork, you have to do so much training, you have to do everything a normal Target Team Lead does, plus all your Starbucks stuff." Barista Jessie Gage told BI she and five coworkers were fired, cutting her store's Starbucks team by half.

Persons: —, STLs, Nickole Smith, weren't, Barista Jessie Gage, aren't, Christina Tavares, Dominick Reuter, Smith, It's Organizations: Service, Stanley, Starbucks, Business, BI, Target, Member Locations: Target's, Starbucks cafés

☆ Consumers are still reacclimating to what value is, says BofA's Bryan Spillane
▼ + stars: | 2024-02-09 | 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 EmailConsumers are still reacclimating to what value is, says BofA's Bryan SpillaneBryan Spillane, Bank of America Securities senior food and beverage analyst, joins 'Squawk Box' to discuss PepsiCo's quarterly earnings results, which reported mixed quarterly results as North American demand for its food and drinks weakened, price sensitivity of consumers, and more.

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

☆ PepsiCo earnings top estimates, but quarterly revenue slides for the first time in nearly four years
▼ + stars: | 2024-02-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

PepsiCo on Friday reported mixed quarterly results as North American demand for its food and drinks weakened. Pepsi's organic revenue, which excludes acquisitions and divestitures, rose 4.5% in the quarter, helped by higher prices. For 2024, Pepsi now anticipates organic revenue growth of at least 4% and core constant currency earnings per share growth of at least 8%. The company previously forecast organic revenue growth on the high end of 4% to 6% and core constant currency earnings per share growth in the high single digits. Executives are expecting international organic revenue growth to top that of North America for the full year.

Organizations: Pepsi, PepsiCo, Refinitiv, Quaker Foods, Lay, Quaker Oats Locations: Las Vegas, United States, North America, America

☆ Stocks making the biggest moves premarket: PepsiCo, Cloudflare, Pinterest, Expedia and more
▼ + stars: | 2024-02-09 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Cloudflare — Shares surged 27% after the cloud services provider topped analysts' expectations in its fourth quarter. Cloudflare reported adjusted earnings of 15 cents per share on revenue of $362 million. Expedia reported earnings of $1.72 per share on revenue of $2.89 billion, higher than the $1.68 on $2.88 billion analysts had expected. Illumina — Shares dropped 4% even after the company reported fourth-quarter results that topped expectations, according to FactSet consensus estimates. Take-Two also reported adjusted earnings of 71 cents per share, slightly missing the FactSet consensus estimate for 72 cents earnings per share.

Persons: Cloudflare, LSEG, Pinterest, Expedia, Peter Kern, Ariane Gorin, CleanSpark, ClearnSpark, Illumina, Bill Holdings, Bill, — CNBC's Michelle Fox Lisa Kailai Han, Jesse Pound Organizations: PepsiCo, Revenue, Pepsi, FactSet . Revenue, United Airlines —, ISI, Newell, Newell Brands, FactSet

☆ The S&P 500 will try to maintain its momentum next week after breaching 5,000, with key inflation data, earnings on deck
▼ + stars: | 2024-02-09 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. On Friday, both the S & P 500 and the Nasdaq Composite were headed for their fifth straight week of gains, and their 14th winning week in 15. FactSet data shows S & P 500 earnings are tracking to have risen 2.8% in the fourth quarter, which would be a second straight quarter of earnings growth, and some expect that positive momentum will remain intact in the weeks ahead. A cooler-than-expected print has the potential to be greeted with enthusiasm, sending the S & P 500 even higher. The S & P 500 is up by 5% this year, with Nvidia higher by more than 40%.

Persons: Jeremy Siegel, CNBC's, Siegel, Karim El Nokali, we've, Tony Welch, Dow, SignatureFD's Welch, there's, Welch, Russell, Jason Hunter, that's, Hunter, Matt Kishlansky, Biogen, Kraft Heinz, Generac Organizations: Treasury, Wharton Business, Nasdaq, Arista Networks, Marriott International, Occidental Petroleum, Deere, Applied Materials, Dow Jones, Wall, Nvidia, Arm Holdings, JPMorgan, New York Community Bancorp, Federal Reserve, Treasury Budget, Waste, CPI, MGM Resorts International, Akamai Technologies, Howmet Aerospace, Molson Coors Beverage, Hasbro, Price, Index, Philadelphia Fed, Retail, Manufacturing, Housing, PPI Locations: SignatureFD, U.S, Long, GenTrust, Albemarle, NAHB, Michigan

☆ The Link, Dubai: The UAE’s longest suspended infinity pool just opened on the world’s longest cantilever building
▼ + stars: | 2024-02-08 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

The newly opened twin skyscrapers One Za’abeel are home to the world’s longest cantilever building and on it, the United Arab Emirates’ longest suspended infinity pool, which is 120 meters (393 feet) in length. The 120-meter-long (394-feet) pool at The Link is the UAE's longest suspended infinity pool. World's highest infinity pool: Dubai has another Guinness World Record to add to the pile. Courtesy Address Hotel + Resorts Two world records: The skybridge connecting the top part of Jumeirah Gate is home to luxury apartments. Courtesy Address Hotel + Resorts Bedroom: There are 217 guest rooms and suites in the hotel and close to 1,000 apartments in Address Beach Residences.

Persons: Fadi Jabri, “, it’s, Badr Benryane, “ It’s, ”, Benryane, You’re, Skypool, it's Organizations: CNN, CNN —, United, United Arab Emirates ’, Nikkei, cabanas, VIP cabanas, Resorts Zeta, Zeta Seventy, Eiffel, Covid Locations: CNN — Dubai, United Arab, Sekkei Dubai, Peruvian, loungers, Dubai, Jumeirah, Badr

LAS VEGAS (AP) — A Nevada jury has awarded about $130 million in damages in a lawsuit filed by five people who suffered liver damage after drinking bottled water marketed by a Las Vegas-based company before the product was recalled from store shelves in 2021. Real Water attorney Joel Odou argued that the company was unintentionally negligent, not reckless, the Las Vegas Review-Journal reported. The Southern Nevada Water Authority, the region's main public supplier, monitors and tests for 166 different possible contaminants, spokesman Bronson Mack said Thursday. Mack noted that the water authority was not a defendant in the lawsuits and said the area's municipal water supply meets or surpasses all federal Safe Drinking Water Act standards. Real Water was sold for at least eight years, primarily in Central and Southern California, Las Vegas, Phoenix and Utah.

Persons: Myles Hunwardsen, Henderson, ” Will Kemp, Kemp, Affinitylifestyles.com, Brent Jones, Jones, Herbst, Joel Odou, Bronson Mack, Mack Organizations: LAS VEGAS, AffinityLifestyles.com Inc, Republican, Telephone, Foods, Costco Wholesale, Hanna Instruments, Milwaukee Instruments, Water, Las Vegas, Las, The Southern, The Southern Nevada Water Authority, U.S . Food, Drug Administration, Clark County Health District Locations: Nevada, Las Vegas, Clark County, Lake, Hoover, Colorado, The, The Southern Nevada, Central, Southern California, Phoenix and Utah, U.S

☆ Chipotle says California customers will soon be paying more for their burritos
▼ + stars: | 2024-02-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Chipotle customers in California should brace themselves for higher menu prices this year. The law will put fast-food workers' wages up to $20 an hour from April. Minimum wages for California fast-food workers will increase to $20 an hour in April under a law signed by Gov. The new legislation, known as AB 1228, won't just bring a wage increase in April. Chipotle, which has roughly 115,000 workers, spent $2.44 billion on labor in 2023, up about 11% from the previous year.

Persons: Chipotle's, —, Jack Hartung, Gavin Newsom, Hartung, Laurie Schalow, Chipotle, Chris Kempczinski, Brian Niccol Organizations: Service, Gov Locations: California, —

☆ Coca-Cola is adding its first permanent flavor in three years
▼ + stars: | 2024-02-07 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —For the past few years, Coca-Cola has experimented with wacky limited-time offerings, but its latest flavor is its first permanent addition in a while. Coca-Cola Spiced is a new soda that blends the “iconic taste” of Coke with a “burst of refreshing notes from raspberry and spiced flavors,” the company announced Wednesday. Coke doesn’t often add new permanent flavors to its lineup: Spiced joins just a few other flavors it always sells, including its flagship flavor, cherry and vanilla. “It appears Coca-Cola is looking to splice that trend onto its flagship with hopes of getting young consumers to consider the entire franchise,” he told CNN. Coca-Cola Spiced goes on sale February 19 in both cans and bottles in various sizes at most national retailers.

Persons: Coke, it’s, Sue Lynne Cha, ”, there’s, Duane Stanford Organizations: New, New York CNN, North, CNN, “, Beverage Digest Locations: New York, Coke, Canada, North America

☆ Spirits sales beat out beer and wine for second straight year, despite little growth
▼ + stars: | 2024-02-07 | by ( Brandon Gomez | ) www.cnbc.com time to read: +2 min

Matthew Horwood | Getty Images News | Getty ImagesThe spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little growth, according to new data released Wednesday. U.S. spirits revenue grew only a modest 0.2% last year to $37.7 billion, according to the Distilled Spirits Council of the U.S. annual economic report. Although the industry gained little total revenue, it outpaced beer and wine sales by 0.4% and 26.1%, respectively. "The phenomenal sales growth we saw during the pandemic was unprecedented and unpredictable but also unsustainable, and now, the spirits market is recalibrating." Tequila and mezcal, blended whiskey and American whiskey are among the fastest growing spirits categories by revenue.

Persons: Matthew Horwood, Chris Swonger, Swonger Organizations: Getty, U.S, Diageo, LVMH, Constellation Brands Locations: Cardiff, United Kingdom, U.S

☆ Wynn is almost back in Macao and crushing it in Vegas even before Super Bowl, Chinese New Year
▼ + stars: | 2024-02-07 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

It appears the strength in the fourth quarter has carried over into the current (first) quarter in all three locations. Macao We're happy to see the strong top-line performance in both Macao locations, even if Wynn Palace's adjusted EBITDAR came up a tad bit short. Total adjusted EBITDAR of $297 million (Wynn Palace and Wynn Macao added together) represents about 85% of Wynn's pre-Covid fourth quarter 2019 level of $348 million in the Chinese special administrative region. Breaking that down, Wynn Palace was still a bit further ahead in its recovery but Wynn Macao is quickly gaining ground. In 2019, Wynn Macao generated $170 million in fourth quarter adjusted EBITDAR.

Persons: —, WYNN, Wynn Al Marjan, Wynn, Al Marjan, Wynn Palace's, EBITDAR, Jim Cramer's, Jim Cramer, Jim, Pual Yeung Organizations: Wynn Resorts, Vegas, Boston, Club, LSEG, Super Bowl, United Arab Emirates, Wynn, Wynn Macao, Las Vegas, Bowl, Super, Wynn Interactive, Capital, CNBC, Bloomberg, Getty Locations: Macao, Las Vegas, Boston, United Arab, UAE, China, Wynn Macao, EBITDAR, Vegas Las Vegas, Las, Vegas, New York, Michigan

☆ Linde shares pop as industrial gas giant underpromises and over-delivers — again
▼ + stars: | 2024-02-06 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

We expect another year of strong earnings growth from this best-of-breed industrial stock. Quarterly results As we can see in the chart below, this was an all-around strong quarter for Linde. In APAC (27.6% of sales), growth was led by end markets in chemicals, energy, and manufacturing. Updated expectations are for a mild recovery in a few end markets in China for the first half of 2024. EMEA (29.3% of sales) showed growth across all "resilient" end markets, which Linde defines as more consumer-related (healthcare, food and beverage, and electronics), while industrial end markets (manufacturing, chemicals and energy, and metals and mining) lagged.

Persons: Linde, shouldn't, —, haven't, We'll, Jim Cramer's, Jim Cramer, Jim Organizations: Linde, LIN, EMEA, Electronics, CNBC, Tanks, Bloomberg, Getty Locations: Americas, Africa, APAC, Asia, China

☆ Brewers like Samuel Adams and AB InBev are shifting ad dollars to non-alcoholic beer as Americans cut back on drinking
▼ + stars: | 2024-02-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

It's shifting dollars away from its flagship brand, Boston Lager, to the non-alcoholic category, she added. Alcohol drinkers are opting for non-alcoholic beers on more occasions, such as at lunchtime or as a "chaser" between alcoholic drinks on a night out, experts said. Better margins, newer opportunitiesWhile non-alcoholic beers still only represent a small proportion of the total amount of beer sold, brewers can sell non-alcoholic beers at a higher margin, because they are often priced at a premium and avoid excise duty. The deal, announced earlier this year and which makes AB InBev a Worldwide Olympic Partner through to Los Angeles in 2028, marks the first time a beer brand has sponsored the Games. "This is an opportunity to strengthen beer as a category and as the category of moderation," said AB InBev CMO Marcel Marcondes.

Persons: —, Samuel Adams, Samuel Adams's, Samuel Adams Samuel Adams, Lauren Price, Price, It's, Sofia Colucci, Max Verstappen, Corona, Marcel Marcondes, Alan Miles Organizations: Service, Business, Boston, Molson Coors CMO, North America, Molson Coors, Miller, Team Ferrari, Red Bull, Heineken, Corona Cero, Anheuser, Busch, InBev, Games Locations: Boston, It's, American, Los Angeles

☆ Thanks to Taylor Swift, ads aimed at women are taking the Super Bowl by storm
▼ + stars: | 2024-02-06 | by ( Jordan Valinsky | Alexandra Peers | ) edition.cnn.com time to read: +3 min

New York CNN —Women watch the Super Bowl, too, right? In a bigger shift, several longtime Super Bowl advertisers, like M&M’S, have spots featuring women who, for a change, aren’t just sipping soda in tight pants. So Cardi B plugs Duck Plump lip gloss for L’Oreal NYX Professional Makeup, the first time the brand has advertised on the Super Bowl. cosmetics, also a first-time Super Bowl advertiser, reunites (some of) the cast of “Suits” in its spot as the lawyers haul various celebrities into court. As for at least one of the potential stars of the show, despite performing in Japan the previous day, Swift will likely attend the Super Bowl.

Persons: Taylor Swift, Travis Kelce, “ Taylor, Paul Hardart, New York University’s, “ Swift, Kelce, ”, it’s, Bud Light, Scarlett Johansson, Jennifer Aniston, David Schwimmer, Kate McKinnon, “, Jenna Ortega, Swift Organizations: New, New York CNN, Super Bowl, Kansas City, New York, New York University’s Stern School of Business, CNN, San Francisco 49ers, Kansas City Chiefs, Super, CBS, Anheuser, Budweiser, “ Mayo, Embassy of Locations: New York, Kansas, Las Vegas, Hellman's, Japan, Embassy, Embassy of Japan

☆ Vita Coco: My billion-dollar coconut water company
▼ + stars: | 2024-02-06 | by ( Raffi Paul | Tom Huddleston Jr. | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVita Coco: My billion-dollar coconut water companyAfter a chance encounter with two Brazilian women in a New York bar in 2003, hearing about the tasty beverage they missed from back home, Michael Kirban and his friend Ira Liran wanted to introduce coconut water to the U.S. market. They co-founded Vita Coco the following year, initially investing $75,000 to launch the product in the U.S. Twenty years later, the company is worth more than $1 billion.

Persons: Michael Kirban, Ira Liran, Vita Coco Organizations: U.S Locations: New York, U.S

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