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Chandan Khanna | Afp | Getty ImagesOrange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers to consider alternative fruits. The benchmark frozen concentrated orange juice futures, traded on the Intercontinental Exchange in New York, closed at $4.77 per pound on Wednesday . Orange juice on display in a grocery store on Jan. 19, 2023, in Miami, Florida. "A lot of them will be changing the quantities of juice they are putting in their blends to drop the orange juice and increase other juices, such as pear juice, apple juice, grape juice, so they are less reliant on the orange juice," Campbell told CNBC via telephone. "It does seem like this [situation] is going to be here for the longer term," he added, noting that some players in the orange juice market had observed a large drop in demand year-over-year.
Persons: Chandan Khanna, That's, Joe Raedle, Harry Campbell, Campbell, Fundecitrus Organizations: Afp, Getty, Intercontinental Exchange, CNBC, Bloomberg Locations: Arcadia , Florida, Florida, Brazil, U.S, New York, Orange, Miami , Florida, Itupeva, Sao Paulo state, Sao Paulo
Read previewTesla is facing increasing pushback from investors regarding its bid to reinstate Elon Musk's $55 billion pay package. The fund initially voted for Musk's pay package when it was taken to a shareholder vote in 2018. Separately, proxy advisory firm Glass Lewis said in a report on Saturday that the pay plan was "excessive" and presented investors with "uncertain benefits and additional risk." Tesla has also argued the compensation plan is "critical to the future success of Tesla" and has even paid for a handful of advertisements promoting the pay plan. Shareholders will be asked to vote on several proposals in addition to the proposal to reinstate Musk's pay package, which was struck down by a Delaware judge earlier this year.
Persons: , Elon, Marcie Frost, Musk's, Tesla, Frost, Musk, CalPERS, James Murdoch, Kimbal, Glass Lewis, Kimbal Musk, Murdoch Organizations: Service, Elon Musk's, California Public Employees, CNBC, Business, Bloomberg, Securities and Exchange Commission, Texas Locations: Delaware, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalPERS CEO Marcie Frost on voting against Exxon Mobil board and Elon Musk's pay packageCalPERS CEO Marcie Frost joins 'Squawk Box' to discuss why the agency is voting in opposition to all of Exxon’s 12 director nominees and CEO Darren Woods at the company's annual shareholder meeting, Elon Musk's Tesla pay package, and more.
Persons: Marcie Frost, Darren Woods, Elon Musk's Tesla Organizations: Exxon Mobil, Elon
Exxon Mobil 's monthslong battle with two environmentally focused activist investors has cost the company the support of the California Public Employees' Retirement System. The two activists submitted a shareholder proposal that would have forced the company to reduce direct emissions and set a target for lowering emissions at suppliers and customers. Exxon sued the investors in Texas federal court in January, prompting them to withdraw the proposal. Even with the activists backing off, Exxon has continued its lawsuit to prevent the activists from ever again submitting such a proposal. CalPERS said in its letter that Exxon's "reckless" lawsuit threatened shareholder activism efforts on any issue.
Persons: Darren Woods, Arjuna, CalPERS, Marcie Frost, Theresa Taylor, it's, Greg Goff, Kaisa Hietala, Andy Karsner, Jeff Ubben Organizations: APEC, Summit, Moscone West, Exxon Mobil, California Public Employees, Exxon, CNBC, ExxonMobil, Securities and Exchange Commission, Inclusive Capital Locations: San Francisco , California, Texas
Korean Fried Chicken to Save Your Sunday
  + stars: | 2024-05-19 | by ( Sam Sifton | ) www.nytimes.com   time to read: +1 min
That’s often the way of the world: 20-minute jobs that can run to an hour if you’re not careful, two if you’re reckless. So here’s a dinner for anyone who’s wrestled the weekend and brought it only to a draw: Korean fried chicken (above). Julia Moskin adapted the recipe from one developed by the food writer Cecilia Hae-Jin Lee, using either boneless chicken thighs or bone-in wings. Taste the sauce for the glaze as you make it — some will want a little less ketchup, or a little more gochujang. Serve with sheet-pan japchae and beer you’ve stored in the freezer while you’re cooking the chicken, so cold that it has flecks of ice in it.
Persons: That’s, who’s, Julia Moskin, Cecilia Hae, Jin Lee
While he suffered in wet running shoes all day, a few of the guides around him were wearing Teva sandals. In the last 30 years, Paigen's take on the sport sandal, Chaco, has become a cult favorite among outdoor adventurers worldwide. With the sandal design finalized, all that was left to decide was a name. AdvertisementTaking a closer look at the Chaco Z/1 Classic SandalChaco now sells many different sandal styles. For years I was firmly against wearing sandals, but I've softened my stance recently.
Persons: Mark Paigen, Paigen's, Paigen, I've, I'm, Chacos, — Sally Kaplan, they'd, Lavender, couldn't, Connie Chen, Chaco, — Breton Fischetti, REI Organizations: Business, Wolverine Worldwide, Urban Outfitters, Commerce Urban, Amazon, Nordstrom, Nike Locations: Colorado, Chaco, New York,
Read previewIn February, I finally checked off one of my top bucket list items — seeing the aurora borealis, better known as the northern lights. I journeyed all the way to Finland's northernmost municipality, Utsjoki, about 280 miles north of the Arctic Circle. Location, location, locationWhile recent environmental phenomena have made the northern lights visible in places as far south as England and Denmark, the aurora borealis are best viewed within the Article Circle. AdvertisementThe vibrant colors that appear in photos are not what humans seeNot every color of the northern auroras is visible to the naked eye. "The lights are there, but if it is super cloudy — we can't, of course, see them," Tiina told me.
Persons: , Tiina, Taylor Rains, Tiina Salonen, Utsjoki, it's, Nature Organizations: Service, Business, Finnair, Disney Locations: Utsjoki, New York, Ivalo, Finland, Helsinki, Lapland, Aurora, Norway, , England, Denmark, Fairbanks , Alaska, Tromsø, Territories, Sweden, Ilulissat, Greenland, Antarctica, Kathmandu
Read previewI remember when the Mediterranean diet first became one of the hottest fads in the nutrition community — all of a sudden, my Greek salads looked super appetizing to my college roommates. Now, it's been named the healthiest diet in the world for the seventh year in a row. The condiment is a Mediterranean-diet staple and an easy swap for just about any sauce. Hanasch/ShuttershockJust because you're following a Mediterranean diet doesn't mean you can't enjoy dessert. AdvertisementYou don't need to cut out dairy to enjoy the Mediterranean dietAlthough some may say the Mediterranean diet limits cheese and dairy, my family would beg to differ.
Persons: , it's, you'd, Krzysztof Slusarczyk, creamer Organizations: Service, Business Locations: Greece, Mediterranean, tangier
JPMorgan said this regional bank is so appealing that it would have attracted attention from the late Charlie Munger. "When we think of the late, great Charlie Munger and his mantra to 'buy wonderful businesses at fair prices,' the bank that fits this bill in our view is Cullen Frost," the firm's bank analyst Steven Alexopoulos said in a note. However, JPMorgan said the bank's "strong organic growth story" remained fully intact. JPMorgan said investors are now able to buy the shares at 13.1 times forward earnings, compared to a 16X historical average. The bank maintained its overweight rating and has a 12-month price target of $140 per share, which would translate into 32% upside from Tuesday's close of $105.62.
Persons: Charlie Munger, Cullen Frost, Steven Alexopoulos, Munger, Buffett, Cullen, Frost, — CNBC's Michael Bloom Organizations: JPMorgan, Berkshire Hathaway's, CFR, Frost Bankers Locations: San Antonio , Texas
Rebekah Alstede Modery, left, and Sarah Alstede, sisters and co-owners of Alstede Farms in Chester, New Jersey. Courtesy: Alstede FarmsSisters Rebekah Alstede Modery and Sarah Alstede were raised on a New Jersey farm. In February, the sisters joined their father, Kurt Alstede, and their stepmother, Mary Thompson-Alstede, as co-owners of Alstede Farms. 'A huge undertaking' as a familyCo-owners of Alstede Farms from left to right: Mary Thompson-Alstede, Rebekah Alstede Modery, Kurt Alstede and Sarah Alstede. Rebekah Alstede Modery, left, and Sarah Alstede, sisters and co-owners of Alstede Farms in Chester, New Jersey.
Persons: Rebekah Alstede Modery, Sarah Alstede, Rebekah, Kurt Alstede, Mary Thompson, It's, Dominique Sims, NASS, Agriculture hasn't, Inwood, Lance Honig, Sarah, that's, Bernt Nelson, Rachel Schattman, Alstede Organizations: Delaware Valley University, CNBC, Centenary University, Alstede, National Agricultural Statistics Service, U.S . Department of Agriculture, The Ohio State University, Agriculture, Agricultural Resource Management, USDA Economic Research Service, American Farm Bureau Federation, University of Maine, Farmers Locations: Chester , New Jersey, New Jersey, Sarah, Agriculture, U.S
CNN —A violent hailstorm wreaked havoc on vineyards in Chablis in the famous French wine region of Burgundy Wednesday evening, delivering another weather blow to already hard-hit local Chardonnay winemakers. The extent of the damage was still unclear as winegrowers checked over their plots on Thursday, a representative for the Burgundy wine association told CNN. “We’ve never seen anything like this, it’s dramatic,” Julie Fèvre, a winemaker, told BFM. Some 38 million bottles of Chablis Chardonnay wine are sold every year, generating an estimated $340 million turnover, according to the Burgundy wine association. Around 67% of Chablis wine is exported to foreign markets, the association said.
Persons: “ We’ve, Julie Fèvre, BFM, ” Paul, Étienne, we’ve, Vincent Laroche, Marc Fesneau, , Chablis, ” Louis Poitout, we’ll, CNN’s Laura Paddison Organizations: CNN, Chablis, BFMTV, International Organisation of Vine Locations: Chablis, Burgundy, France,
Donald Trump is asking the Supreme Court to recognize that he had total legal immunity as president. Trump is asking the Supreme Court to grant him a sweeping immunity mandate as he runs to recapture the presidency. "This may indeed be the most important US Supreme Court case in the history of our country," he told journalists at a panel organized by the Defend Democracy Project. The Supreme Court will likely issue a decision in late April. "The Supreme Court need not stray into other questions just because Trump has made it easy for them.
Persons: Donald Trump, Jack Smith's, , Trump, Jack Smith, Richard Nixon, David Frost, Smith, He's, Stormy Daniels, Todd Blanche, David Pecker, Tanya Chutkan, Barack Obama, Dana Verkouteren, doesn't, MANDEL NGAN, Nixon, Gerald Ford's, Ford, Leon Jaworski, indicting Nixon, Robert Ray, Bill Clinton, Monica Lewinsky, Donald Ayer, Ronald Reagan, George H.W, Bush, it's, Justice Department's, Chutkan, BRENDAN SMIALOWSKI, framers, Mark Meadows, Norm Eisen, Obama's Organizations: Service, Justice Department, Capitol, Department, Air Force, Nixon, Trump, Prosecutors, AP, Getty, Independent, Department of Justice, Defend, Justice, White House Locations: Washington , DC, Georgia, Florida, New York, Manhattan, United States, AFP, Fulton County
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe EV market has become a 'red ocean' because of low barriers to entry, says Frost & SullivanVivek Vaidya, associate partner at Frost & Sullivan, says demand is still "dependent on the incentives and the subsidies that are given by the government," and "genuine demand … hasn't really taken off in most of the countries."
Persons: Frost, Sullivan Vivek Vaidya, Frost & Sullivan Organizations: Frost &
Bubble tea: ChaPanda shares plunge in Hong Kong IPO
  + stars: | 2024-04-23 | by ( Anna Cooban | ) edition.cnn.com   time to read: +3 min
The company, also known as Chabaidao or ChaPanda, had priced its shares at $17.50 Hong Kong dollars ($2.23) apiece, but they plunged as low as $10.80 Hong Kong dollars ($1.38) in the first two hours of trading on the Hong Kong stock exchange. Bubble tea (also called “black pearl tea” or “boba tea”) originated in Taiwan in the 1980s, but has since found millions of devotees around the world. In January, two of China’s most popular bubble tea brands, Mixue Group and Guming Holdings, applied for IPOs on Hong Kong’s stock exchange. Another Chinese bubble tea maker, Nayuki, has lost 88% of its stock market value since going public in Hong Kong in 2021. “The overall turnover and valuation of the (Hong Kong) stock market, which depend on the market liquidity, i.e.
Persons: Baidao, Frost, Frost & Sullivan, Robert Lui, , , Laura Organizations: London CNN —, Hong, Frost &, China, Franchise Association . Stock, Mixue, Guming Holdings, Deloitte Locations: Sichuan, Hong Kong, Chengdu, Taiwan, China, Hong, Dealogic, Shanghai, Shenzhen
CNN —Congratulations are in order for singer Ashanti and rapper Nelly. “This new year of my life is such a blessing full of love, hope, and anticipation,” Ashanti, 43, said in a statement to the publication. Ashanti attended the MTV VMA Awards around that time, where Nelly was a scheduled performer. She carried a clutch with a photo of her and Nelly from when they attended the awards ceremony together back in 2003. It wasn’t anything that was planned.”CNN has reached out to representatives for Nelly for additional comment.
Persons: Ashanti, Nelly, ” Ashanti, she’s, Tina Y, Douglas, gasps, Baby Haynes, , Cornell Iral Haynes Jr, , Rasheeda, Kirk Frost, Rasheeda ”, ” Nelly Organizations: CNN, , Cornell, MTV, Hop Atlanta
What’s in Our Queue? ‘Anatomy of a Fall’ and MoreI’m a reporter for The New York Times based in Melbourne. I’ve lived all over the world — this is my seventh country of residence — and I like to reconnect with the places I love through books, music, comedy and food. Here are five things I’ve recently heard, seen and watched →
Persons: I’ve, Organizations: The New York Times Locations: Melbourne
Opinion | A Few Words About Nests
  + stars: | 2024-04-15 | by ( Margaret Renkl | ) www.nytimes.com   time to read: +1 min
Spring is proceeding apace in this yard, despite my worst fears. After my neighbor’s death last year, a backhoe demolished the house and nearly all the old trees along with it. In most ways, it’s been a glorious spring anyway, despite the ceaseless hammering next door. The spring beauties and woodland violets are nearly bloomed out now, but already other flowers have taken their place. And yet, all spring, our yard has been bereft of nests.
Persons: it’s, There’s Locations: Carolina
CNN —Floods have swamped parts of Russia and Kazakhstan after Europe’s third-longest river burst its banks, forcing more than 100,000 people to evacuate and sparking protests against the authorities. The Kremlin said that Russian President Vladimir Putin would on Wednesday receive reports from the governors of the three seriously affected regions: Orenburg, Kurgan and Tyumen. Video posts on social media showed hundreds of protesters gathering outside the city hall in Orsk, Orenburg, chanting “Shame! Shame!” and “Putin, help!” Other footage showed demonstrators accusing the state of “doing nothing” and criticizing the city’s mayor, Vasily Kozupitsa. In one video, Orenburg governor Denis Pasler tells a news conference he should be on vacation rather than responding to the floods.
Persons: Kassym, Jomart Tokayev, , Dmitry Peskov, Vladimir Putin, Kurgan, Putin, Peskov, ” Peskov, “ Putin, Vasily Kozupitsa, Yulia Navalnaya, Alexey Navalny, Evgeniy Lukyanov, Navalnaya, unsympathetically, Denis Pasler, , ” Navalnaya, Aleksandr Kurenkov, Yerassyl, Kazinform Organizations: CNN, Europe’s, AP, Residents, Getty, Kazakh Emergencies Ministry, Kazakh Locations: Russia, Kazakhstan, Russia’s Orenburg, Orenburg, Kurgan, Tyumen, Orsk, Kazakh, Petropavl, AFP, Soviet Union
Although the heaviest snow has ended, several more inches of snow are expected across large swaths of Maine and New Hampshire, according to the National Weather Service. “Low pressure in the Gulf of Maine will continue to bring accumulating snow through this evening along with gusty northeast winds,” the National Weather Service said. “Winds will also remain gusty and may result in additional downed branches and limbs due to the weight of freshly fallen snow,” the weather service added. Winter storm warnings and advisories have been extended for parts of New England through Friday morning, according to the National Weather Service. “Frost and freeze conditions will kill crops and other sensitive vegetation and possibly damage unprotected outdoor plumbing,” the weather service notes.
Persons: nor’easter, Janet Mills, , Thursday’s, , Ed Warren, “ Frost Organizations: CNN, , National Weather Service, Westbrook School Department, Gorham School, WMUR, East, East Kingston Fire Department, Southern and, Storm Prediction, Colorado ., Storm Prediction Center Locations: Maine, New Hampshire, ” Maine, New England, Moretown , Vermont, Shapleigh , Maine, Gulf, Gulf of Maine, York County, State, Gorham, East Kingston , New Hampshire, East Kingston, East Coast, Vermont, New York, Central Plains , Ohio, Central Plains, Ohio, Missouri, Jefferson City , Columbia, Hannibal, Kansas, Arkansas, Springfield, Branson, Indiana, Kentucky, Indianapolis, Cincinnati, Louisville, Southern, Central, Southern and Central High Plains, Texas, New Mexico, Colorado, Colorado . Cities, Denver, Amarillo, Roswell
In a sign of easing tensions between Australia and China, China said Thursday that it would lift the tariffs it placed on Australian wine more than three years ago. The tariffs, which were first imposed in 2020 amid a nasty diplomatic spat between Australia and China, had all but vaporized the country’s biggest overseas market, worth 1.2 billion Australian dollars or around $800 million at its peak. The decision to lift the tariffs was announced by China’s Ministry of Commerce. “That’s going to take some time to be depleted,” said Lee McLean, the chief executive of Australian Grape & Wine. “And China is not going to solve that on its own.”
Persons: Anthony Albanese, “ That’s, , Lee McLean Organizations: China’s Ministry of Commerce, Rabo Bank, Australian Locations: Australia, China
When a recession did arrive, in 2020, it was because of the Covid-19 pandemic. But millions of residents are experiencing levels of hardship not seen in many decades. They say they are struggling to put food on the table, pay for housing and health care and cover their utility bills. But rising rent and exorbitant child care costs for her two children have put training out of reach. Just two generations ago, she said, her grandmother raised a family in her own home as a single parent, while working part-time as a nurse.
Persons: Robyn Northam Locations: Australia, Britain, United States
CNN —Peach trees are blooming at Jaemor Farms in Alto, Georgia, this week. Owner Drew Echols, a fifth-generation farmer, said it has become harder to predict when fruits like the iconic Georgia peaches would start blooming. Blooming peach trees are seen alongside a covered field of strawberries at Jaemor Farms in Alto, Georgia, on March 19, 2024. The fruits begin to bloom as temperatures warm, but when a cold spell comes back, they become susceptible to damage. Fruits like peaches, strawberries, mangoes and plums typically reach their peak ripeness during the summer months.
Persons: Drew Echols, he’s, ” Echols, “ You’re, Meridith Edwards, Echols, ” Louise Ferguson, Davis, Ferguson, Dorothy Suput, Ben Clark, Lane Turner, Benjamin Cook, ” Cook, ” Ferguson, Doug Engle, Suput, ” Suput, , Organizations: CNN, University of California, National Oceanic, Atmospheric Administration, Croatan Institute, Boston Globe, Columbia University, NASA Goddard Institute for Space Studies, University of Florida, Science Research, Unit, Ocala Star Banner, USA Locations: Alto , Georgia, Georgia, Boston, New Hampshire, Ocala, New England
There’s a snake in a cell. Within a few hours, snakes have also been spotted at a school, beneath a piano stored in a private garage and near a lagoon-like swimming pool at a retirement home. On the busiest days, he can receive more than 35 calls about troublesome snakes. Queensland is home to the largest number of snake species in Australia — about 120. Throughout Australia, fatalities from snake bites remain extremely rare — about two a year — and in Queensland, the reptiles are simply a part of life.
Persons: Stuart McKenzie Organizations: Customers, Business, Australia — Locations: Sunshine, Queensland, Australia
The House overwhelmingly passed a bill on Wednesday that could lead to TikTok being banned. 50 Democrats and 15 Republicans voted against it. AdvertisementThe House of Representatives overwhelmingly passed a bill on Wednesday that could lead to TikTok being banned in the United States. The "Protecting Americans from Foreign Adversary Controlled Applications Act" easily cleared the chamber by a lopsided 352-65 vote, with 50 Democrats and 15 Republicans voting against the bill. @RepMTG on TikTok bill: "I rise today as the only member of Congress that has ever been banned by social media...Twitter banned me..
Persons: Jasmine Crockett, , ByteDance, Abigail Spanberger, Raja Krishnamoorthi, weren't, Alexandria Ocasio, Mark Pocan, Maxwell Frost of Florida, Frost, Krishnamoorthi, Donald Trump, backhandedly, Marjorie Taylor Greene, Mark Zuckerberg, Joe Biden's, Andy Biggs, Arizona Dan Bishop of, Carolina Warren Davidson of Ohio John Duarte, California Matt Gaetz, Florida Marjorie Taylor Greene, Georgia Clay Higgins, Nancy Mace, Carolina Thomas Massie, Tom McClintock, California Alex Mooney, West Virginia Barry Moore, Alabama Scott Perry, David Schweikert, Arizona Greg Steube Organizations: Democratic, Service, Foreign, Energy, Commerce, Facebook, Republican, Twitter Locations: United States, Texas, Virginia, Beijing, Illinois, Alexandria, Cortez, Wisconsin, Georgia, Carolina, California, Florida, West, Arizona
One car was driven by an “elderly driver” on his own, while the other is believed to have had “an elderly driver and five other occupants of which four are children” aged between 7 and 17, according to a statement from the police. The missing people, a family, are understood to have been returning home to the remote Aboriginal community of Tjuntjuntjarra, 400 miles to the northeast. “Concerns are held for the occupants of these two vehicles due to serious weather conditions” that have hampered the search effort, with low clouds occluding an aerial search, a spokesman for the police said. Photographs posted to social media by the Rawlinna station, Australia’s largest sheep ranch, showed submerged farm equipment as Craig Chandler, an overseer at the station, took to a kayak to salvage homestead chickens and get around the property. “The Nullarbor is soaking it in and will be totally rejuvenated from this deluge, but I’m not so sure our buildings, belongings and bits and bobs will be so lucky,” according to a post on the station’s Facebook page on Monday.
Persons: , Craig Chandler Organizations: Meteorology Locations: Tjuntjuntjarra,
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