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And at some Chipotle locations, customers filmed workers to try to make sure they didn't skimp on their burrito bowls. The three joined a growing list of consumer brands contending with customers' deep frustration over high prices — and wariness that prices will only rise more. Walmart, on the other hand, said the new price tags will cut a tedious task from store workers' to-do lists. They eliminate the need for store workers to swap out traditional paper tags. Shoppers at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024.
Persons: Wendy's, Jean, Pierre Dubé, David Chavern, Donald Trump, Joe Biden, Kevin Lamarque, hasn't, Dianna Campbell, she's, Campbell isn't, Biden, skimping, Sen, Bob Casey, Andrea Foote, Tricia Moriarty, it's, Jim Cramer, CNBC's, Brian Niccol, Chipotle, We've, Wells, Zachary Fadem, Brandon Bell, It's, Kirk Tanner, Yuki Iwamura, Cristina Rodrigues, Gabby Jones Organizations: Walmart, University of Chicago Booth School of Business, Consumers, U.S . Bureau of Labor Statistics, Consumer Brands Association, Procter, Gamble, Pew Research, Pew, Reuters Shrinkflation, Federal Reserve, Customers, Gatorade, PepsiCo, CNBC, Chipotle, New York, Mexican Grill, Getty, American Farm Bureau Federation, Bloomberg, University of Chicago Locations: U.S, Goffstown , New Hampshire, Manhattan, New York City, Mexican, Austin , Texas, Queens, New York, Europe, Secaucus , New Jersey, US
Jayson Tatum is fresh off of signing the richest contract in NBA history, but don't expect the reigning champion to spend any of that $314 million. "Her and my accountant agreed," he said of the deal they made before he was drafted by the Boston Celtics in 2017. "They didn't know I'd make as much as I did off the court." The All-Star's sponsors include Nike, Gatorade, Google and Subway, and he brought in an estimated $13 million from endorsements in 2024, according to Forbes. The mother-son duo said they are careful about preserving his basketball earnings because of the financial insecurities they experienced before Tatum entered the NBA.
Persons: Jayson Tatum, Graham Bensinger, Brandy Cole, Tatum Organizations: NBA, Boston Celtics, Nike, Gatorade, Google, Forbes
“I knew I wanted to have my own business,” Mrs. Monrroy said on a recent weekday afternoon on Hollywood Boulevard, where her childhood wish has come true. “Mango, water, soda, Gatorade, hot dog!” she calls out to the crowds traipsing over Hollywood Walk of Fame stars dedicated to Bruce Willis and Billy Crystal. In Los Angeles alone, an estimated 10,000 street vendors sell food. Until recently, vendors along Hollywood Boulevard were operating outside the law. And while longtime street vendors respect and recognize the turf of other regulars, there are more sellers working in the area, and competition has increased.
Persons: Kurtis Lee, Ruth Monrroy, , , Monrroy, Bruce Willis, Billy Crystal, , carne asada tacos Organizations: Gatorade, Hollywood Locations: Guatemala, California, Fresno, Oakland, Los Angeles, Hollywood
“The president has gotten increasingly punchier in recent remarks about Trump and plans to carry that theme through to the debate,” one Biden campaign official said. (CNN debate rules stipulate that each candidate will have a pen, writing pad and a bottle of water at the podium.) Biden’s former chief of staff, Ron Klain, is taking the lead to help the president get ready to debate Trump, a Biden campaign official told CNN. In the last cycle, Biden aides were particularly sensitive to Trump attacking members of Biden’s family on the debate stage. But that doesn’t mean Trump shouldn’t, or isn’t preparing,” said a person close to Trump, who requested anonymity to speak candidly.
Persons: poring, Joe Biden, Donald Trump, Biden, Trump, , He’s, “ I’ll, ” Trump, , David, Camp David, Biden’s, Ron Klain, Klain, Bruce Reed, Reed, Jeff Zients, Anita Dunn, Mike Donilon, , ’ Trump, Ohio Sen, JD Vance, Marco Rubio, Eric Schmitt of Missouri, Trump’s, Susie Wiles, Chris LaCivita, Kellyanne Conway, Stephen Miller, National Intelligence Richard Grenell, Chris Christie, Bob Bauer –, ” Bauer, acclimate Biden, Kate Bedingfield, Hunter, Jason Miller Organizations: CNN, Trump, White, Biden, Gatorade, peruse, Democratic, hourlong, Mar, Sens, Republican National Committee, Republicans, Capitol Hill, National Intelligence, New, New Jersey Gov, White House, Locations: Atlanta, Racine , Wisconsin, Maryland, Camp, hourlong State, East, Ukraine, Ohio, Marco Rubio of Florida, Washington ,, New Jersey, Philadelphia, Pennsylvania
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Read previewThis as-told-to essay is based on a conversation with a Chicago-area Costco forklift driver who requested anonymity as they are not authorized to speak with the media. I was a supervisor in the warehouse and then ultimately settled down as a forklift driver. Typically, Costco forklift drivers are seen kind of like supervisors, because you designate the flow of the building. I also make more as a forklift driver now than I did ten years ago as a supervisor. You can't keep it on the floor, so you're gonna have to rack it on tall steel shelves, and you're gonna eventually have to bring that stuff down.
Persons: , I'm, it's, they've, There's, there's, — there's, let's Organizations: Service, Costco, Business, OSHA, Gatorade Locations: Chicago, Kirkland
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
I live in Pittsburgh with my wife and our three children, and I love to shop at Costco. I spend around $500 a month at the bulk grocer because I do most of my shopping there. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To avoid blowing through our grocery budget as inflation keeps jacking price tags up, I do the majority of our shopping at Costco. Here are 10 of my favorite things I buy for my family of five at Costco.
Persons: Nutella, Organizations: Costco, Gatorade, Service Locations: Pittsburgh
Early on, Tatum absorbed lessons from former players who saw their NBA nest eggs go up in smoke for any number of reasons. But entering the league as the 19-year-old third overall pick in the 2017 NBA draft, Tatum says he had a lot to learn about money. Jayson Tatum is among the best-paid players in the NBA. But over the course of the past few years, he has learned that buying nice things isn't necessarily what makes him happy. Instead, he says the money he has spent taking his family on vacations has been by far the best money he has spent since entering the league.
Persons: Tatum, that's, Jayson Tatum Organizations: NBA, CNBC
For Celtics superstar Jayson Tatum, that strategy has paid off handsomely. Jayson TatumThe third overall pick in the 2017 NBA draft said Bryant's words have "always resonated with me." But as difficult as it might be, Tatum understands that he only has "a small window of your life to be an NBA player." You think you're this super rich young kid and the money will never run out. The best money Jayson Tatum ever spent
Persons: Kobe Bryant, Jayson Tatum, Tatum, that's, I'm, Deuce Organizations: Kobe, Celtics, Boston, Indiana Pacers, CNBC, NBA Locations: Kobe
New York CNN —Breakout basketball star Caitlin Clark has a new achievement that hasn’t been accomplished since Michael Jordan. The WNBA player signed a multiyear deal with Wilson Sporting Goods Co., the league’s official basketball supplier, for “signature basketball collections celebrating Clark’s continued legacy,” the company announced Tuesday. In addition, she will “creatively direct her first-ever signature basketball line” that will roll out later this year. Wilson, which has produced the basketballs for the NBA for several decades, became the official game ball of the WNBA in 2020. Nike is also reportedly on the verge of signing Clark to design her shoe line, but no official deal has been formally announced.
Persons: Caitlin Clark, hasn’t, Michael Jordan, Clark’s, Wilson, Clark, “ Wilson, ” Clark, Organizations: New, New York CNN, WNBA, Wilson Sporting Goods Co, CNN, NBA, Indiana Fever, ESPN2, ESPN, Nike, Farm, Gatorade, Panini Locations: New York
"Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending," McDonald's CEO Chris Kempczinski said on the company's conference call in late April. Paul Weaver | SOPA Images | Getty ImagesFor more than two years, consumers have dealt with sharply rising prices. But that doesn't mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch. While some CEOs have said that consumers are growing more cautious, others — like those in the airline industry — have celebrated strong and persistent spending. Corporate misfires can also lead to disappointing sales, even if their shoppers aren't necessarily pulling back on their spending.
Persons: Chris Kempczinski, Burger, Paul Weaver, Jerome Powell, Aurelia Concepcion, Concepcion, it's, Joe Raedle, Brett House, John David Rainey, Ramon Laguarta, Ed Bastian, We're, Daniel Slim, Brian Niccol, Calvin McDonald, Laxman Narasimhan, Sara Senatore, Spencer Platt Organizations: DAL, Washington Post, Home, Delta Air Lines, Consumers, of Labor, CPI, KFC, Starbucks, Columbia Business School, Walmart, Finance, CNBC, PepsiCo, Gatorade, Pepsi, United, Delta Airlines Boeing, Owen Roberts International, AFP, Getty, Delta, Target, Bank of America Locations: Manhattan, Bloomsburg , Pennsylvania, New York, Georgia, Ohio, Miami , Florida, U.S, Delta, Europe, Asia, Japan, George Town, Cayman Islands, New York City
Read previewWhen it comes to scoring NIL deals, women college athletes are gaining on their male counterparts, according to a new report from the sports-and-entertainment intelligence platform SponsorUnited. The report showed that women college athletes get more brand deals on average than college men, although the men still make up the majority of NIL deals overall. He also said social-media engagement is overwhelmingly stronger among women college athletes compared with men. Related storiesHere are five key takeaways from the report:Women college athletes are getting more NIL dealsWhile men still made up 57% of NIL deals overall, women got more brand deals on average — 3.5 compared to 2.5 among men, SponsorUnited found. For example, he said college athletes on TikTok are leveraging brands better than professional athletes on the platform.
Persons: , Caitlin Clark, Angel Reese, Bob Lynch, Reese, Clark, Olivia Dunne, Lynch, SponsorUnited, it's, Alex Glover's, Brands, Brand, SponsorUnited Lynch, that's Organizations: Service, Business, Iowa Hawkeyes, LSU Tigers, LSU, Iowa, NCAA, ESPN, Gatorade, State, Nike, BI, Brands, Southern Methodist University Locations: SponsorUnited
PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations, despite a recall of some Quaker Foods cereal and bars that dented U.S. volume. The company's organic revenue, which excludes acquisitions, divestitures and foreign exchange, increased 2.7% in the quarter. The company's food division saw its volume decrease 0.5%, while its beverage segment reported flat volume. The Quaker Foods recall dented Pepsi's organic volume by roughly 1%. For the full year, the company is expecting organic revenue will rise at least 4% and core constant currency earnings per share will climb at least 8%.
Organizations: Pepsi, Brooklyn borough New, PepsiCo, Quaker, LSEG, Gatorade, North, Quaker Food, Quaker Oats, Frito, Lay Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, Quaker, America, U.S, Asia Pacific, Australia, New Zealand, China, Europe
New York CNN —Caitlin Clark is reportedly set to wear her own signature Nike sneaker in the WNBA. Now she’s set to sign an eight-year deal worth up to $28 million with Nike, according to the Wall Street Journal. The Athletic has reported that Clark’s deal includes a signature Nike shoe. CNN has not independently confirmed a deal between Clark and Nike. Nearly all major stars in the NBA have sneaker deals, including James, Kevin Durant and Luka Doncic with Nike and Stephen Curry with Under Armour.
Persons: Caitlin Clark, Clark, LeBron James, Serena Williams, Derek Jeter, James, Kevin Durant, Luka Doncic, Stephen Curry, Brian Nagel, Sabrina Ionescu, ” Brian Nagel Organizations: New, New York CNN, Nike, WNBA, Wall Street, CNN, State Farm, Gatorade, Panini, NBA, Oppenheimer, New York Liberty Locations: New York
But right now we're seeing that even if you're the best, women are not paid their fair share." However, WNBA Commissioner Cathy Engelbert, speaking at CNBC's inaugural Changemakers Summit on Thursday in New York City, said there's a "false narrative" around Clark's expected salary, likening it to the way that executive salaries are displayed for public companies. Cathy Engelbert, Commissioner of the Women's National Basketball Association (WNBA) speaking at the CNBC Changemakers Event in New York on April 18th, 2024. The NBA has around $13 billion in revenue while the WNBA is roughly around $200 million. Caitlin Clark poses with WNBA Commissioner Cathy Engelbert after being selected first overall pick by the Indiana Fever during the 2024 WNBA Draft.
Persons: Caitlin Clark, Joe Biden, Clark, Victor Wembanyama —, , Cathy Engelbert, there's, Engelbert, Danielle DeVries, Caitlin, she's, we're, Sarah Stier Organizations: Indiana Fever, House, San Antonio Spurs, NBA, Summit, Deloitte, National Basketball Association, CNBC, Nike, Gatorade, State, WNBA, Athletic, Getty Locations: New York City, New York, U.S, Iowa
1 overall selection by the Indiana Fever in this week's WNBA draft, Clark's salary her first season will be just over $76,000. Clark's pay will escalate over the course of her four-year rookie contract, leaving her with total earnings of $338,056. The WNBA has grown in popularity in recent years, but it still trails behind the NBA, NFL, MLB and NHL. The highest paid WNBA player is Las Vegas Aces star Jackie Young, who will earn just over $250,000 this season. Here's how Clark's rookie deal stacks up against the most recent top picks from America's big four sports leagues.
Persons: Caitlin Clark, she'll, Jackie Young, Steph Curry, Cathy Engelbert, we're Organizations: WNBA, Indiana, Gatorade, Nike, NBA, NFL, MLB, NHL, Las Vegas Aces, Golden State Warriors, CNBC Locations: State
Caitlin Clark showed up to the WNBA Draft dressed in Prada from head to toe. According to Business Insider's calculations, Clark's outfit costs $16,875 — or about 22% of her first-year WNBA salary. AdvertisementA close-up of the satin Prada outfit Clark wore to the WNBA Draft. A composite image of the Prada sunglasses and the patent leather Galleria bag that Clark wore to the WNBA draft. AdvertisementAccording to BI's calculations, Clark's Prada outfit totals up to $16,875 — or about 22% of her first-year salary in the WNBA.
Persons: Caitlin Clark, Prada, , Clark, Sarah Stier, Prada's, Adri Zgirdea Toth, Marie Claire, Caitlin, Toth, Clark's Prada, Spotrac, Julia Marino, LVMH, Moët Hennessy Organizations: WNBA, Service, Prada, Indiana Fever ., GQ Sports, NBA, Iowa Hawkeyes, Nike, Gatorade, Olympics, Team USA, Linea, women's national football team Locations: Paris
Caitlin Clark will earn less in the WNBA than some trade jobs – and the average athlete. Despite her low base salary, Clark could make over $3 million from brand sponsorships and endorsements. Clark, who wore a $17,000 Prada outfit to the draft, will make an estimated base salary of $76,535 in her first year. Lower-level draft picks make $64,154 as a base salary, but salaries are much higher for non-rookie players: The highest-paid WNBA players make over $200,000 in base salary. Despite the low base salary, Clark, who has over two million social media followers, stands to make major money from brand sponsorships and endorsements.
Persons: Caitlin Clark, Clark, , she'll, I've Organizations: WNBA, NBA, Service, Basketball Association, Indiana Fever, NCAA, of Labor Statistics, Bureau of Labor Statistics, Revenue, Bloomberg, Nike, Gatorade, State Farm Insurance
As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor International data. Gatorade President Mike Del Pozzo told CNBC that the competition is good for the category overall – and shows his brand's own strength. "There's plenty of loud voices right now, trying to make a name for themselves," said Del Pozzo. And Propel's annual sales are projected to cross $1 billion for the first time this year, Del Pozzo said.
Persons: spry, There's, Jim Watson, Coke, Watson, Ramon Laguarta, influencer Logan, Mike Del Pozzo, Del Pozzo, we're, Rabobank's Watson Organizations: Gatorade, Euromonitor, Cola, Pepsi, Rabobank, Unilever, Nestle Health Science, PepsiCo, Energy, Citi Research, CNBC
The WNBA, still emerging entering its 28th season, hopes Caitlin Clark can achieve what those athletes did and turn the league into a cultural phenomenon. WNBA players’ salaries also lag behind. Turning Clark fans into WNBA fansClark is already having an impact on the WNBA. “The need by WNBA teams to invest in fan acquisition and fan engagement is really critical to maximize this moment,” she said. Bebeto Matthews/APThe league was financially connected to the NBA, and each of the first eight WNBA teams was linked to an NBA franchise.
Persons: Woods, Venus Williams, Michael Jordan, Caitlin Clark, , Boris Lelchitski, Candace Parker, Jonquel Jones, ” Clark, Angel Reese, Clark, Reese, , Phil Cook, Gregory Fisher, Nielsen, “ Caitlin Clark, Noah Henderson, Cathy Engelbert, “ We’ve, Erica Denhoff, Jessica Gelman, Gelman, David Stern, Lisa Leslie, Sheryl Swoopes, Rebecca Lobo, Bebeto Matthews, Terri Jackson, ” Donna Orender, Orender, ” Engelbert, Cameron Brink, , “ Clark, Donna Orender Organizations: New, New York CNN, NBA, WNBA, Indiana Fever, NCAA, University of Iowa, Louisiana State University, Tiger, USA, Sports, Reuters, Loyola University, CNN, LSU, WNBA's Indiana, Kraft Analytics Group, MIT Sloan Sports Analytics, Nielsen, Brands, Gatorade, State, longtime, Olympics, Basketball Players Association, Deloitte, Kraft Analytics Locations: New York, Chicago, Iowa, USA, Atlanta, San Francisco
High school and college athletes can profit from their name, image, and likeness (NIL). Top student-athletes have worked with leading brands like Nike and Gatorade. LeBron James' son, Bronny James, has an estimated NIL value of $4.9 million, according to On3. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: LeBron James, Bronny James, , Caitlin Clark, she's Organizations: Nike, Gatorade, Service, University of Iowa, Business
The Thatch Caye resort in Belize offers a luxury vacation where small details are taken care of. Instead, it'd be carted off to my overwater bungalow without me lifting a finger. A Thatch Caye worker brings the author's luggage to her overwater bungalow. A view of the interior of the overwater bungalow on Thatch Caye. Monica Humphries/Business InsiderOther hidden details made me feel good about staying at Thatch CayeThe other hidden details throughout the trip help Thatch Caye focus on sustainability.
Persons: , Monica Humphries, I've, it's Organizations: Service, BI, Forbes, Gatorade Locations: Belize, Dangriga, Aspen , Colorado, Sydney
The concept of van life has intriqued me for years. I've interviewed dozens of nomads who encouraged others to try van life with shorter trips. AdvertisementThose desires could be answered with van life — especially since the version of van life I saw scrolling on Instagram and TikTok seemed to fit my outdoorsy lifestyle. Related storiesI knew two weeks wasn't enough to experience every aspect of van life. Plus, the company's vans were what I dreamed of when I pictured van life.
Persons: I've, , Monica Humphries, Maddy Garrett, Ram Organizations: Service, Valley Music, Arts, Gatorade, Allied Market Research, Business, Subaru, Walmart, Costco Locations: Bryce, United States, RVs, Albuquerque , New Mexico, Denver, New Mexico, Las Vegas
Under a 10-year agreement, Subway will start selling drinks including Pepsi, Mountain Dew, Tropicana, and Lipton. Subway's US stores will start making the switch in January 2025. AdvertisementCoke fans, watch out — Subway is ditching the drinks supplier in favor of rival Pepsi in the US. Subway announced on Tuesday that it had signed a 10-year agreement to supply PepsiCo drinks at its US stores from the start of 2025. This means that as well as Pepsi, Subway customers will also be able to get other beverages such as Mountain Dew, Tropicana, Lipton, and Gatorade.
Persons: Lipton, , Arby's, Culver's Organizations: Pepsi, Subway's, Service, . Subway, PepsiCo, Subway, Tropicana, Lipton, Gatorade, Cola, Restaurant Business, Coca, Business Locations: Canada, Germany, Netherlands
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