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Tecoluca, El Salvador CNN —Sunlight pours into the cavernous building. Opened less than two years ago, it is already an iconic feature of the “new El Salvador” of President Nayib Bukele. The cells are meticulously clean — an intentional and stark contrast to the dingy and squalid prisons of El Salvador’s past. He even created his own clique, “Crazy Criminals,” now tattooed across his back, after he returned to El Salvador. Critics inside and outside El Salvador question the veracity of the government’s crime data and claimed success over the gangs.
Persons: El Salvador ”, Nayib Bukele, , Cecot, Belarmino, Gustavo Villatoro, , El Salvador —, , Marvin Vásquez, he’s, , Vásquez, ” Vásquez, “ Rob, it’s, “ It’s, García, Bukele, ” Bukele, , Juan Carlos Sánchez, Belarmino García, David Culver, Evelio Contreras, Cecot’s García, El, Salvador Molinas, Molina, we’ve Organizations: El Salvador CNN, El, CNN, Central American, Barrio, Law Foundation, Bukele Locations: El Salvador, El Salvador’s, El, Los Angeles, Cecot, America, San Salvador
I've been on the ships of their four high-end counterparts: Silversea, Regent Seven Seas, Seabourn, and Explora. AdvertisementSilversea's Silver Ray: A modern resort with local cuisinesIn June, Silversea invited me to spend five complimentary nights on its newest 54,700-ton ship, Silver Ray. It launched its newest ship, Silver Ray, in June. Brittany Chang/Business InsiderSilversea's SALT — "sea land and taste" — program brings the itinerary's regional cuisines into the cruising experience. Related storiesRegent Seven Seas' Seven Seas Grandeur: Classic luxuryRegent Seven Seas invited me on a three-night "christening sailing" for its one-year-old Seven Seas Grandeur.
Persons: I've, , Ray, Silversea, Silver Ray, Brittany Chang, It's, toiletries, Explora, it's, Dyson, Seabourn Organizations: Royal, MSC, Regent Seven, Service, Industry, Business, butlers, Seven Seas, Regent Seven Seas, Cruise Line Holdings, Rim, Central America, MSC Group, Rolex Locations: Seabourn, Royal Caribbean, South America, Caribbean, Callao, Peru, Valparaiso, Chile, Brittany, Europe, Miami, Mexico, Central, Alaska, Asia, Australia, New Zealand, Canadian
Research shows that ordering food for delivery has gotten expensive, yet demand remains high. But demand for food delivery has remained high — as has its price. Last week, food delivery company DoorDash, reported an 18% rise in orders year over year in its third quarter of 2024. A food delivery driver previously told BI that he decides to accept or pass on a variety of deliveries often based on the highest upfront tips. But despite lockdowns coming to an end and the country gradually opening back up, people grew accustomed to the trend of ordering food.
Persons: , There's, Mills, Doug Martin, Uber, Anthony Miyazaki, Miyazaki, Alon Chen, Oliver Wright, Wright, Chris Olivola, It's, Olivola Organizations: Service, Business, Revenue, Florida International University, Starbucks, McDonald's, KFC, Accenture, Tepper School of Business Locations: Doordash, Olive
For many Americans, the most important focus heading into a presidential election is how the winner will impact their wallet. Related storiesFor drug prices, Harris has promised to expand two provisions in the Inflation Reduction Act, allowing Medicare to negotiate the prices of some drugs. HarrisHarris' planned policy includes the construction of 3 million new housing units, as well as an expansion to the Low-Income Housing Tax Credit. TrumpTrump has also proposed expanding the child tax credit, which currently provides up to $2,000 per child. In August, the vice presidential candidate JD Vance floated a child tax credit proposal that would include $5,000 per child for families of all income levels.
Persons: Harris, Trump, Trump's, Joe Biden's, Biden, Trump Trump, — Trump, Harris Harris, , Vance, hasn't Organizations: Trump, Federal Reserve, White, Trump Trump Locations: Americas
That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.
Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, , Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States
College student Rebecca Bergmaier worked at the Grand Canyon while managing a remote internship. Bergmaier said she'd recommend working in a national park for the summer to other college students. I was looking for something in my dream park, Yellowstone National Park, which I hadn't been to yet. I would just set up my computer and do my internship work from there. I would definitely recommend other students look into spending a summer at national park.
Persons: Rebecca Bergmaier, Bergmaier, she'd, , You'd, I'd, There's, It's, it's Organizations: Service, Temple University, Xanterra Locations: Philadelphia, Pennsylvania, Yellowstone, Niagara, Arizona, Sedona, There's, East Coast
DisneyIt's time for Disney parks to swap pumpkins for poinsettias. In the thick of its busiest season, Disney's domestic theme parks have already begun to transition from Halloween decorations to Christmas colors. About two weeks before Halloween, Disney's crew begins installing "inconspicuous" elements for the holiday season, such as lighting rigs. Festive food options arrive just in time for the holidays at Disney's theme parks. At the Walt Disney World resort, Mickey's Very Merry Christmas Party launches Nov. 8 and Jollywood Nights start Nov. 9.
Persons: Ken Potrock, Mickey, Mickey's, Gavin Doyle, Doyle, , Jack Skellington, Santa Claus Organizations: Disney, Disneyland Resort, Walt Disney, Christmas Party Locations: Orlando , Florida, Anaheim , California, Florida, California, It's, Santa
But the true implications for investors monitoring the election may lie in which party controls Congress, rather than who will sit in the White House. .SPX YTD mountain S & P 500 The importance of whichever party controls Congress was highlighted by Trump's recent trips outside battleground states such as New Mexico , a state that hasn't voted for a GOP presidential nominee in roughly 20 years. On the other hand, Evercore ISI's Emanuel expects a Harris victory, with a Democratic sweep of Congress, could result in the S & P 500 falling to roughly 5,700. The S & P 500 slid 1%, while the Nasdaq dipped 0.5%. Earnings season continues with about 100 S & P 500 companies confirmed to report.
Persons: Donald Trump, Kamala Harris, Trump, Nanette Abuhoff Jacobson, I'm, Abuhoff Jacobson, hasn't, Brian Burrell, Jay Hatfield, Harris, Hatfield, Evercore ISI's Julian Emanuel, Evercore ISI's Emanuel, Jerome Powell's, Ralph Lauren, Warner, Alex Harring Organizations: NBC, Congress, House, Democratic, Republican, Hartford Investments, GOP, Thornburg Investment Management, Infrastructure Capital Advisors, Senate, Wednesday, Regional Banking, Treasury, Federal Reserve, Dow Jones, Nasdaq, National, Marriott International, Diamondback Energy, Wynn Resorts, Palantir Technologies, NXP Semiconductors, PMI, PMI Services, Services PMI, Petroleum, Brands, Technology, Computer, CVS, Howmet Aerospace, Gilead Sciences, Labor, Consumer, Moderna, Molson Coors Beverage, Halliburton, Hershey Co, Warner Bros, Expedia, Akamai Technologies, Paramount Locations: New Mexico, Albuquerque, Santa Fe , New Mexico, Hartford, Albemarle, Qualcomm, Michigan
Shared Access worked with a football club to power headsets for fans with visual impairments. It installed a private 5G network for fast connectivity and nearly instantaneous streaming. This as-told-to essay is based on a conversation with Sam Jackman, the chief development officer of Shared Access, a European company that develops mobile-connectivity solutions. We decided to install a private 5G network with an on-site core in the stadium. Ultimately, having the foundation of this private network allows so much room for creativity in terms of what you can layer on top of it.
Persons: , Sam Jackman, GiveVision, It's, we've, I'd Organizations: Service, Crystal Palace Football Club, Selhurst, Vodafone, Crystal, Crystal Palace FC, Broadcasters Locations: European, London
Soda is making a comeback
  + stars: | 2024-11-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +8 min
Cans of Dr Pepper soda are displayed on June 3, 2024 in San Anselmo, California. While consumers are drinking more Coke, Coke Zero, Dr Pepper and Canada Dry, Pepsi’s soda sales are struggling. ‘Diet Coke Break’“Dirty soda,” a popular TikTok trend that combines soda with syrup and cream, has also driven interest in soda brands among younger consumers interested in creating their own soda concoctions. TikTok has also recently become filled with “Dirty Diet Coke,” “Crispy Diet Coke” and “DietCokeBreak” recipe videos where people leave cans of Diet Coke in the fridge for weeks and then pour them into a glass, sometimes with citrus powder, to get the most fizziness. Singer Dua Lipa gave Coke its latest viral hit this month when she posted a video sharing her Diet Coke recipe, which combines Diet Coke, pickle juice and jalapeño sauce.
Persons: guzzling Coke, Dr Pepper, It’s, , Robert Ottenstein, “ There’s, Coke, Pepper, Justin Sullivan, ” Timothy Cofer, Duane Stanford, Noam Galai, Laura Schmidt, Pepper’s, Cofer, Angus Mordant, Singer Dua Lipa, Gordon Ramsay, ” Kristen Hollingshaus, , Diet Coke, CNN’s Ramishah Maruf Organizations: New, New York CNN, Consumers, Heineken, ISI, Centers for Disease Control, Evercore ISI, World Health Organization, Bureau of Labor Statistics, Companies, Pepsi, Beverage Digest, New York, Wine, Food Festival, Stanford, University of California, PepsiCo Inc, Bloomberg, Getty, PepsiCo, Gatorade, Netflix, Dirty, Singer Dua, Coke, CNN, Diet Locations: New York, San Anselmo , California, America, Canada, Latham , New York, United States, TikTok
Matt Escalante is the new VP of Brach's seasonal division, best known for its candy corn. The company knows its top treat is controversial — but it dominates a nearly $90 million market. AdvertisementIf you've eaten candy corn sometime in the last century, there's a good chance it came from Brach's. The confection giant is best known for cornering the candy corn market, churning out 28 million pounds of the candle-like candy each year and raking in $75 million of an $88.5 million candy corn market in 2022, according to data from the consumer research firm Circana. And while the candy corn market stays booming, the product itself — with its waxy texture, neon coloring, and saccharine aftertaste — is notoriously polarizing.
Persons: Matt Escalante, Escalante, , Brach's, Laffy Organizations: Service, Business, Twitter, Ferrara Candy Company, Street Journal Locations: Brach's, Escalante, Ferrara
Non-dairy milk lovers, rejoice. Starting next week, Starbucks will stop charging coffee-drinkers who wish to customize their drinks with non-dairy milk options an extra fee, the company announced Wednesday. Starbucks said dropping the extra charge will make "it easier for customers to make their Starbucks beverage their own" by customizing popular drink recipes with non-dairy milk options, including soymilk, oatmilk, almondmilk or coconutmilk, according to the release. By removing the extra charge for non-dairy milks we're embracing all the ways our customers enjoy their Starbucks," Brian Niccol, Starbucks chairman and CEO, said in the release. Substituting a non-dairy milk is the second-most requested customization from customers, according to Starbucks.
Persons: Brian Niccol, Niccol Organizations: Starbucks
Starbucks will stop surcharges on non-dairy milk ahead of the holidays. AdvertisementStarbucks is giving almond milk lovers and oat milk enthusiasts a holiday gift this year. The coffee chain will stop charging extra for non-dairy milk substitutions next month, CEO Brian Niccol said during a Wednesday earnings call. Substituting non-dairy milk is the second-most popular customization, Niccol said, after an extra shot of espresso. Extra costs for non-dairy milk can reach up to 80 cents per order in certain markets, CNBC reported.
Persons: Brian Niccol, Niccol, Organizations: Starbucks, Service, CNBC
CNN —China has a new richest person – and it’s the entrepreneur behind the wildly popular, and controversial, app TikTok. Zhang Yiming, 41, co-founder of TikTok’s parent company ByteDance, topped the 2024 Hurun China Rich List, released Tuesday. His wealth reached $49.3 billion, as assessed by research, media and investment group Hurun Inc, which publishes the ranking of the country’s richest people. ByteDance also holds China’s popular news app Toutiao and Douyin, TikTok’s sister app in China. Billionaires on the declineOverall, the number of US-dollar billionaires in China shrank to 753, down 142 from the previous year.
Persons: Zhang Yiming, Zhang’s ascendency, Hurun, TikTok, it’s, , Zhang, Liang Rubo, ByteDance, Zhong Shanshan, Zhong, Ma, Rupert Hoogewerf, Organizations: CNN, Hurun Inc Locations: China, India, Britain, Canada, Australia, Beijing, Hong Kong, Macao, Taiwan
Japanese markets have made steady gains so far this week — and one bottom-up investor sees potential for them to advance even further. "When we look at the valuations of a lot of companies, they look absurdly cheap," he added. Department stores Among the segments Kato is looking at favorably in Japan is department stores. His optimism on department stores is an interesting one, given that many have "not expanded for about 30 years." So overall, department stores look quite interesting," he added.
Persons: Mio Kato, Kato, Shigeru Ishiba's Organizations: LightStream Research, CNBC Pro, Nikkei, Tokyo Stock Exchange, Department, Holdings, U.S, Toyota Motor, Nissan, Honda, Toyota Locations: Japan, Southeast Asia, China, U.S
Despite a difficult quarter, McDonald’s looks resilient in the face of various pressures, analysts say — something the company shares with U.S. consumers overall. “The spotlight is always on McDonald’s because it’s so big” and something of a “bellwether,” she said. That spurred former President Donald Trump to sling fries this month at a Philadelphia-area McDonald’s in a photo op. Like many major brands, McDonald’s raked in big profits as the economy reopened from the pandemic. “The thing that McDonald’s had struggled with, and why I think we’re seeing kind of an inflection point, is a value proposition,” Senatore said.
Persons: McDonald’s, Mickey D’s, Chris Kempczinski, Kempczinski, Gordon Haskett, ” Kempczinski, Ravi Dhar, , Sara Senatore, Kamala Harris, Donald Trump, Mickey D’s ’, Senatore, they’d, , Eric Thayer, ” Senatore, Sam Oches, Oches, , , Jim Salera, Stephens, Jack Kleinhenz, hasn’t, “ They’re, ” Oches Organizations: U.S, Yale University’s Center, Bank of America, Bloomberg, Getty, Coca, Walmart, Target, Walgreens, JetBlue, Democratic, National Retail, JPMorgan Locations: U.S, Philadelphia, Connecticut, Amazon
New York CNN —Starbucks is eliminating its controversial olive oil-infused drinks from the menu, less than a year after they made their nationwide debut. “Rather than a flavor or a product, it’s really a platform.”Oleato was the brainchild of former CEO Howard Schultz, who got the idea after meeting with an olive oil producer who introduced him to the practice of consuming a tablespoon of olive oil each day. A pair of reviewers posted a video titled “We Tried Starbucks Olive Oil Coffee Drinks and Seriously Regret It.” Others had mixed feelings , but concluded that the drinks seem more like a stunt — something worth trying but not necessarily worth coming back for. The Oleato menu consists of two drinks: an oat milk latte infused with the extra virgin olive oil; and a toffee nut iced shaken espresso with golden foam, which is vanilla sweet cream infused with extra virgin olive oil into a cold foam. Schultz was effusive about the launch, and it was one of his most high-profile projects before leaving his position.
Persons: Brian Niccol, nix, Niccol, we’ve, ” Brady Brewer, , Oleato, Howard Schultz, Schultz, Laxman Narasimhan, ” Narasimhan Organizations: New, New York CNN, Starbucks, CNN Locations: New York, Canada, Italy
China News Service | China News Service | Getty ImagesBEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise investor optimism over profitable exits. Last week, Horizon Robotics — a Chinese artificial intelligence and auto chip developer — and state-owned bottled water company CR Beverage went public in Hong Kong. The firm noted that Chinese delivery giant SF Express is planning for a Hong Kong IPO next month, while Chinese automaker Chery aims for one next year. Still, the overall pace of Hong Kong IPOs this year is slightly slower than expected, George Chan, global IPO leader at EY, told CNBC in an interview earlier this month. Hong Kong, then New York
Persons: Pony.ai, Didi, Marcia Ellis, Morrison Foerster, George Chan, Chan Organizations: Nasdaq, China News Service, Getty, U.S, Hong Kong Stock Exchange, CR Beverage, Renaissance, Hong, Chery, CNBC, IPOs Locations: BEIJING, U.S, Hong Kong, China, New York, Mainland China, New
Detailed below is what Harris and Trump have proposed to lower costs for Americans. AdvertisementWhile the pace of inflation has slowed, Americans continue to struggle with high prices at gas stations, grocery stores, and more. Those high prices have become a key issue for voters as the presidential election approaches. Both Donald Trump and Kamala Harris have outlined plans they say will lower costs for Americans through various policies. "If you were to try and cut down grocery prices today, there's no state of emergency.
Persons: Harris, Trump, , Donald Trump, Kamala Harris, Tim Walz, Taylor Rogers, Dan Scheitrum, Scheitrum, it's, Rogers, Biden, Sen, JD Vance, Ohio Organizations: Service, Business, Democratic, Minnesota, Republican National Committee, Pew Research Center, California Polytechnic State University, Trump, Tax, Economic, of New, RNC, Census, Center, GOP, Gas, Biden, House, Strategic Petroleum Reserve Locations: America, Pennsylvania, Trump's, Las Vegas, of New York
The question is how worried should people be about these endocrine-disrupting chemicals (EDCs), such as phthalates, BPA or bisphenol A, and brominated flame retardants? Endocrine-disrupting chemicals are not produced by the human body but influence the way your hormones function, Bloom said. CNN reached out to the National Pest Management Association and the Personal Care Products Council for comment. Gradually replacing personal care products one at a time as you use up individual products is a great place to start, she said. “But personal care products is one thing where I think folks have a lot of autonomy and what they’re purchasing within reason.”
Persons: United States –, Michael Bloom, Bloom, ” Bloom, Alexa Friedman, , ” Friedman, Natalie Shaw, , Friedman, – Friedman Organizations: CNN, George Mason University College of Public Health, Environmental, Cleveland Clinic, Endocrine Society, , Pediatric Neuroendocrinology Group, National Institute of Environmental Health Sciences, Pesticides, National Pest Management Association, Care Products Council, US Environmental Protection Agency, EPA, allergists, Mayo Clinic Locations: United States, EDCs, Fairfax , Virginia
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Oil slump boosts marketsAll major U.S. indexes rose Monday on soft oil prices while investors awaited Big Tech earnings. Japan's Nikkei 225 extended gains to a second day, up 0.7% as the country's jobless rate for September dropped to 2.4% from 2.5% the previous month. [PRO] How to trade Japan's electionAfter Japan voted on Monday, the Nikkei 225 rose on the results.
Persons: Irene, Shigeru Ishiba Organizations: CNBC, Big Tech, Japan's Nikkei, Liberal Democratic Party, Nasdaq, CR Beverage, HSBC, Japan, Nikkei Locations: Lower Manhattan , New York, Asia, Pacific, Japan, U.S, Hong Kong, IPOs
To distinguish this type of turbid Japanese alcohol from that of the ubiquitous and transparent sake, there are two distinct if slightly misleading categories: seishu (清酒), or clear sake, and doburoku (濁酒). However, when making doburoku, they are all simultaneously placed in with the yeast starter, causing the resulting mixture to be comparatively overflowing with sugars. For nearly as long as rice has been cultivated in Japan, doburoku has existed. In essence, all doburoku made from then on came to be called mitsuzoushu (密造酒), “secretly produced alcohol,” or moonshine. The state of doburoku todayOpened in 2015, Tokyo’s Sake Hotaru was the first legal spot to offer doburoku in Japan’s capital.
Persons: Heiwa, doburoku, homebrewing, Utsunomiya Hitoshi, Utsunomiya, , Hotaru, Norimasa Yamamoto, it’s, , Kato, Shinobu Kato, ” Kato Organizations: Tokyo CNN, Makers Association Locations: Tokyo, Nihombashi, Wakayama prefecture, Japan, Edo, Borne, doburoku, Japan’s, Brooklyn
New York CNN —Rao’s Homemade, the fast-growing sauce brand that originated in its namesake Harlem restaurant, is perhaps getting its biggest national exposure to date: a float in the Macy’s Thanksgiving Day Parade. Alan Creveling, Rao’s vice president of marketing, told CNN that the brand’s awareness among consumers lags far behind its entrenched competitors. A rendering of Rao's float in the Macy’s Thanksgiving Day Parade. Courtesy Macy’s Thanksgiving Day Parade“We want people that are unfamiliar with the brand to then get familiar with the brand,” Creveling said. Designing and building the float is about a nine-month process and, as part of the deal with Macy’s, Rao’s float will be featured in the parade for the next three years.
Persons: Peacock, Alan Creveling, Creveling, , , Rao’s, ” Creveling, weren’t, Campbell’s, Andrea Hernández, you’re Organizations: New, New York CNN, Campbell’s, NBC, CNN, Apex Marketing Locations: New York, Harlem, Italian
New York CNN —Even for a brand as gargantuan as McDonald’s, the last few months have been… a lot. The timing of the outbreak is especially challenging for McDonald’s as it has been trying to win back customers who’ve been put off by higher prices. Over the summer McDonald’s did an about face to try to win people back. “It had been a pretty strong quarter.”And absent the E. coli outbreak, Tuesday’s earnings call might have been all about the value menu and the Crocs. The length and severity of the outbreak is now a wild card for analysts as they assess McDonald’s financial future.
Persons: CNN Business ’, Chris Gaulke, Cornell University’s Nolan, who’ve, Chris Kempczinski, McDonald’s, They’ve, ” RJ Hottovy, it’s, ” Hottovy, “ McDonald’s, McDonald’s didn’t, “ We’ve, Sara Senatore, Chipotle, ” Senatore, , , Wendy’s Organizations: CNN Business, New York CNN, shimmer, New York Mets, Cornell University’s, Cornell University’s Nolan School of Hotel Administration, Associated Press, Colorado Department of Agriculture, Bank of America, Wendy’s Locations: New York
Pulque is the oldest ancestor of two of Mexico's most popular alcoholic drinks, tequila and mezcal. It's not nearly as popular as the other two, but that wasn't always the case. In the late 1800s, pulque was Mexico's most-consumed alcoholic drink. But untrue rumors that it was fermented with feces, its reputation as a drink for the poor, and competition from the beer industry nearly made pulque completely disappear. So can pulque become a global hit like tequila and mezcal?
Persons: Pulque, It's, wasn't, pulque
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