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☆ Modelo brewer Constellation falls despite an earnings beat. Here's why we're not concerned
▼ + stars: | 2024-10-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

Modelo and Corona brewer Constellation Brands is a tale of two businesses. Constellation Brands Why we own it : Constellation Brands' beer franchise, which includes popular Mexican brands Modelo, Corona and Pacifico, is the growth engine and by far the most attractive part of the business. And, the profitability of its beer business — operating margins were an impressive 42.6% in the quarter — puts Constellation in a position of strength. Still, raising an anchor is always welcome news, and talk of its booming beer business would, at last, no longer need the wine-and-spirits caveat. Looking ahead, its beer business should continue grabbing market share and its hard to imagine the wine-and-spirits unit getting much worse.

Persons: Bill Newlands, Thursday's, Newlands, Kim Crawford, There's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Corona, Constellation Brands, LSEG, Modelo, Anheuser, Busch Inbev, Molson Coors, Investors, Constellation, National Football League, Bloomberg, Brier, Modelo Especial, CNBC Locations: Corona, Pacifico, Wednesday's, U.S, Campo, West Coast, San Rafael , California

☆ Amazon's Wondery is launching a new toy line as it aims to build the next big franchises from podcasts
▼ + stars: | 2024-10-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Amazon's Wondery is launching a "Wow in the World" toy line, expanding beyond audio content. Wondery aims to build franchises from podcasts, following success with "Dr. Death" and "Morbid." AdvertisementAmazon's podcast studio Wondery is continuing to branch out beyond audio with a new line of toys tied to the kid podcast "Wow in the World." Wondery is billing it as the first toy line based on a podcast. The "Wow in the World" toys were designed to drive kids back to the podcast.

Persons: Nordstrom, Wondery, Death, —, Noble, Mastermind, Nicole Blake, Harry Potter, Blake, Guy Raz, Mindy Thomas, Wondery's Nicole Blake, Travis Kelce, Mario Bros, Mario, Amanda Cioletti, Cioletti, Andrew Quartin, Quartin, Guy, Mindy, they're Organizations: Barnes, Noble, Service, Thames, Kosmos, Goliath, Warner Bros . Entertainment, HarperCollins, Wondery, Jason, Mario Bros, Netflix, YouTube, Target, Walmart, Markets, Business, Informa Markets

☆ Hard Seltzers and Canned Cocktails Are Getting Boozier
▼ + stars: | 2024-10-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

Hard seltzers, spiked seltzers, and their ilk have been marketed as lighter than traditional alcoholic beverages. In the 2010s, the hard seltzers started to pop up, with names like White Claw and Truly, both of which launched in 2016. Advertisement"During the pandemic, hard seltzers really blew up, and I think hard seltzers are one of those ones that were perceived as a little bit of a better-for-you option," said Kaleigh Theriault, an associate director of beverage-alcohol thought leadership at NIQ, a market research firm. The market got saturated, and people started to realize there could be a lot more to canned alcohol than beer and hard seltzers. "So companies are having to innovate more and more, and that has led to some higher-ABV canned cocktails."

Persons: they've, aren't, seltzer, Kaleigh Theriault, that's, NIQ, Chris Budzik, Cayman Jack, there's, Kate Bernot, Bernot, you've, " Theriault, It's, Bud, —, Bud Light, Budzik, he'd, Will, Emily Stewart Organizations: Brands, Anheuser, Busch InBev, NIQ, AB InBev, Coca, Modelo, Business Locations: seltzers, Manhattan, NIQ, Pennsylvania, Michigan, Vermont, America

☆ Ina Garten gave up a job at the White House to become an entrepreneur — without business experience. Here's what the risky move taught her.
▼ + stars: | 2024-10-03 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +9 min

Ina Garten gave up her White House job to buy a specialty food store called Barefoot Contessa. AdvertisementWhen Ina Garten gave up her job at the White House to buy a specialty food store in New York called Barefoot Contessa, she had never run a business. "I was too tired to go home, so I had cleared a space, wrapped myself in a sweater, and went to 'bed,'" Garten wrote. Related stories"I love when changing your behavior — in this case, how I dressed — changes everything without your saying a word," Garten wrote. Advertisement"Anna was important to me, so I didn't have a moment's hesitation in supporting her," Garten wrote.

Persons: Ina Garten, —, Garten, " Garten, Matthew Peyton, Joan Boyce, Instagram Garten, who'd, Contessa, Anna, Sybille van Kempen, Ina, Dean, DeLuca, Joel Dean, Robert Lachman, she'd, Barefoot Contessa, Jeffrey Organizations: Service, White, Food Network, George Washington University, Barefoot Contessa, Joan Boyce Jewelry, Contessa, Los Angeles Times, Barefoot, & $ Locations: New York, East Hampton , New York, Bridgehampton, East Hampton

☆ People are panic-buying toilet paper because of the port strike. There is no need for that
▼ + stars: | 2024-10-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Toilet paper shortages in stores across America are giving folks nightmarish reminders of the pandemic era. But the lack of toilet paper isn’t a direct result of a major port strike Tuesday. Reports of shortages filled social media Tuesday, showing empty shelves where toilet paper and, to a lesser extent, paper towels were supposed to be. The overwhelming majority — more than 90% by some estimates — of US toilet paper consumption comes from domestic factories. Any toilet paper hoarded today will last until the next round of panic buying, even it happens years from now.

Persons: ”, It’s Organizations: New, New York CNN, Walmart, Costco, Target, and Paper Association, American Farm Bureau Locations: New York, America, Virginia, Monmouth County NJ, reax, Maine, Texas, Canada, Mexico, Wilmington , Delaware

☆ Palmer Luckey's buzzy defense firm Anduril is expanding into the space business
▼ + stars: | 2024-10-02 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Palmer Luckey's defense tech startup Anduril is setting its sights on space. AdvertisementDefense tech startup Anduril is fast building a reputation for disrupting the traditional defense industry with its futuristic flying and underwater autonomous devices. Anduril said the mission would "be the foundation for Anduril and Apex's commitment to regularly deploying more mass to orbit. " Last week, the company landed a $25.3 million contract with the US Space Force, a branch of the military established four years ago to protect US interests in space. AdvertisementAnduril has been contracted to expand the use of its artificial intelligence-powered Lattice software on Space Force's Space Surveillance Network (SSN).

Persons: Palmer, Anduril, —, Palmer Luckey, Gokul Subramanian Organizations: Apex, Service, Defense, SpaceX, US Space Force, Surveillance, Space, Engineering, US Air Force, Australia's Navy, Air Force Locations: United States, Anduril's

☆ Massive port strike could have 'devastating consequences' for consumers, expert says
▼ + stars: | 2024-10-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera | Afp | Getty ImagesU.S. port strike could cause inflationOverall, the U.S. economy has notched steady progress in lowering inflation, but in most cases price increases are only slowing — not falling outright. However, "the port strike could cause renewed goods-side inflation," she said. At the time, goods weren't hitting the shelves as quickly as consumers wanted them, which drove up prices. The U.S. port strikes could have a similar effect, "setting up a scenario reminiscent of the pandemic-era logistics crisis," Saidel-Baker said.

Persons: Giorgio Viera, Lauren Saidel, Baker, Lisa DeNight, Newmark, CNBC's, Amir Mousavian, Mousavian Organizations: Afp, Getty, Bureau of Labor Statistics, ITR, ILA, United States Maritime Alliance, University of New England's College of Business Locations: Miami, Miami , Florida, U.S

☆ I’m from Japan, home to some of the world’s longest living people: The No. 1 food I must have in my kitchen
▼ + stars: | 2024-09-29 | by ( Michiko Tomioka | ) www.cnbc.com time to read: +1 min

Growing up in Nara, Japan, one food that was a constant in my home was tofu. I never bought any ultra-processed baby food; instead I opted for tofu. If I could only find shelf-stabilized packaged versions, I kept about two dozen of them in the house at any given time. In Japan, tofu is enjoyed by folks of all ages. They still live in Nara, and have tofu, natto (fermented soybeans) and miso soup every day.

Locations: Nara, Japan, U.S

Angela Weiss | AFP | Getty ImagesAs she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in order to rein in voters' grocery costs. Although Harris released more detail Wednesday as part of her 82-page economic plan, it's still unclear what price hikes her administration would see as illegal "price gouging." Generally, Republicans support fewer economic regulations, although Trump has suggested limiting food imports as a way to lower grocery prices. What is price gouging? Thirty-seven U.S. states already have laws that forbid price gouging in emergencies.

Persons: Kamala Harris, Doug Emhoff, Angela Weiss, Donald Trump, Harris, it's, Walz, Trump, YouGov, Rakeen Mabud, Mabud, Mario Tama, markups, —, Jerome Powell —, Sarah Gallo, Brian Cornell, Jharonne Martis, Brandon Bell, Kroger, Arun Sundaram, Sundaram, JBS, Joe Raedle Organizations: Democratic, AFP, Getty, Trump, Bureau of Labor Statistics, Voters, Federal Reserve Bank of Kansas, Consumer Brands Association, Federal Trade, Department of, Kroger, Procter, Gamble, Albertsons, Federal Trade Commission, CFRA Research, Pilgrim's Pride Corporation Locations: Coraopolis , Pennsylvania, Los Angeles , California, Federal Reserve Bank of Kansas City, Houston , Texas, Miami , Florida

☆ Voters in Dalton, Georgia, stick with Trump despite Biden’s clean energy law that revived growth there
▼ + stars: | 2024-09-27 | by ( Phil Mattingly | Andrew Seger | ) edition.cnn.com time to read: +11 min

Dalton, Georgia CNN —The face of a new era in American manufacturing is here, just off Interstate 75, tucked into this northwest corner of Georgia. That’s where you’ll find the Qcells plant that pumps out 32,000 solar panels a day and has a total panel production capacity of 5.1 gigawatts. They’re contributing back into the local community, paying taxes,” Nash said. The Qcells solar panel plant in Dalton, Georgia CNNTrump strikes a chordLocated in the congressional district represented by GOP firebrand Marjorie Taylor Greene, Dalton is Trump country. “You want to ask me that after November?” Nash, the Qcells plant manager, responded when asked about the future for the industry.

Persons: Dalton, ”, Lisa Nash, “, didn’t, it’s, ” Nash, Biden, “ We’ve, Scott Moskowitz, Kamala Harris, Andi Rice, she’s, Kimberly Richardson, Harris, Richardson, Qcells, ” Richardson, Donald Trump, ” Kasey Carpenter, Dalton , Georgia CNN Trump, Marjorie Taylor Greene, ” Carpenter, Trump, George, Kasey Carpenter CNN, Brian Kemp –, can’t, Matt Santini, CNN's Phil Mattingly, “ It’s, ” Santini, Carpenter, –, there’s, Mattingly, It’s, ‘ Don’t Organizations: Georgia CNN, CNN, Bloomberg, Getty, Republican, Dalton , Georgia CNN, GOP, Republican Gov, Biden, Trump, Oakwood Locations: Georgia, That’s, Dalton, Qcells, Dalton , Georgia, United States, Trump, Cartersville , Georgia, Atlanta

☆ Maggie Smith, Oscar-winning actor known from Harry Potter and 'Downton Abbey,' has died at age 89
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +5 min

Actress Dame Maggie Smith arrives at the Royal Film Performance and World Premiere of the film, "The Second Best Exotic Marigold Hotel", at Leicester Square, London February 17, 2015. Smith's sons, Chris Larkin and Toby Stephens, said in a statement that Smith died early Friday in a London hospital. You have to get up very, very early in the morning to outwit Maggie Smith." "Jean Brodie," in which she played a dangerously charismatic Edinburgh schoolteacher, brought her the Academy Award for best actress, and the British Academy Film Award (BAFTA) as well in 1969. English actress Maggie Smith, UK, 8th March 1974.

Persons: Dame Maggie Smith, Peter Nicholls, Maggie Smith, Miss Jean Brodie, dowager Countess of Grantham, Minerva McGonagall, Harry Potter, Smith's, Chris Larkin, Toby Stephens, Smith, Clair Dobbs, Vanessa Redgrave, Judi Dench, Smith drily, McGonagall, Richard Eyre, I've, Jean Brodie, Oscar, Judith Hearne, Mussolini, Tony, " Smith, Richard Burton, Peter Hall, Frank Rich, Coward, Wilde, Noel Coward's, It's, Margaret Natalie Smith, one's, Maggie, Margaret Smith, Laurence Olivier, Joyce Redman, Emilia, Desdemona, Stuart Burge's, Shakespeare's Organizations: Leicester Square, British Academy Film Award, Vaudeville Theatre, Getty, Golden Globes, Globe, New York Times, Oxford Playhouse School, National Theatre, Shepperton Studios, Moviepix Locations: Leicester, London, Downton, British, Edinburgh, Hay, Ilford, Oxford, Surrey

☆ My basement was full of stuff. After 24 years of accumulating, I finally started decluttering and it was so satisfying.
▼ + stars: | 2024-09-27 | by ( Ivy Eisenberg | ) www.businessinsider.com time to read: +5 min

I decided to finally declutter and say goodbye to things I didn't think I could part with. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA sign on my home office door says, "Creative People Don't Have a Mess; They Have Ideas Lying Around Everywhere." I've created a three-step process to trick myself into saying goodbye to my junk without squashing my personality or memories. I am finally able to say goodbye to my belongings, knowing that they will be adopted.

Persons: —, I've, Gamify, she'd, Donna Summer, Ivy Eisenberg Organizations: Service, Facebook, Vietnam Veterans Locations: Ulta, France, America, White Plains , New York, Queens, New York City

☆ I'm a professional baker. I compared pumpkin pies from 4 grocery stores, and there are 2 I'd consider buying again.
▼ + stars: | 2024-09-26 | by ( Molly Allen | ) www.businessinsider.com time to read: +1 min

I compared pumpkin pies from Walmart, Kroger, Safeway, and Costco. I taste-tested pumpkin pies from four different grocery stores near me. Molly AllenAs a professional baker, I know how to make a solid pumpkin pie at home — but sometimes grabbing one from a local grocery store is the best option. Because pumpkin pies are typically made with a custard filling, which contains milk and eggs, the USDA recommends keeping them refrigerated. At the Costco and Safeway, I went to, the pumpkin pies were kept in a refrigerated area.

Persons: Molly Allen, Walmart — Organizations: Walmart, Kroger, Safeway, Costco, USDA

☆ I swore off long-distance relationships. I then fell for a man who lived on a different continent.
▼ + stars: | 2024-09-25 | by ( Hannah Wilkinson | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter witnessing friends endure the rigmarole of long-distance relationships, I could see why almost half of them end in breakups. I was about to announce that I had quit my job and booked a one-way ticket to see him. AdvertisementAfter six months Down Under, I found myself in one of the longest long-distance relationships geographically possible. But as a poster girl for long-distance relationships, I can attest that skipping shortcuts to finding a soulmate and leaning fully into vulnerability has given me my dream life and man.

Persons: —, couldn't, I'd, blanco, Weeks, I've Organizations: Service, Business, Gipsy, Thames, London Locations: London Heathrow, Sydney, Australia, Soho , London, Waterloo

☆ Harris’ Georgia challenge: reassembling Biden’s diverse 2020 coalition
▼ + stars: | 2024-09-24 | by ( John King | ) edition.cnn.com time to read: +12 min

Georgia voter Christine Nguyen and John King in Decatur, Georgia CNNRebel Teahouse is in Decatur, in reliably blue suburban DeKalb County just outside Atlanta. It is one of the places that helped Biden to his stunning, razor-thin 2020 Georgia win and is now a key test of whether Harris can assemble a similar winning coalition. “Absolutely no,” was Gardner’s answer when we asked whether the switch from Biden to Harris would make him rethink. Republican George W. Bush won 66% in Gwinnett in 2004; in 2020, Biden carried the county with 58%. CNNLike Ngyuen, Hallmon sometimes finds herself in debates over whether Harris or Trump is better for small business and the overall economy.

Persons: Kamala Harris, Christine Nguyen, “, ” Nguyen, That’s, Nguyen, Joe Biden, Donald Trump, Harris, –, John King, Biden, Trump, Biden’s, Kamala, ” Harris, ”, Jan Gardner, ” John King, Suresh Sharma, CNN Suresh Sharma, ” Sharma, Sharma, Republican Mitt Romney, Cobb, ‘, Harris Chantá Villano, Willis, Villano, I’ve, ” Villano, ” Willis, ” Kim Cavaliere, Republican George W, Bush, Cavaliere, ” Cavaliere, ” Hallmon, Hallmon, ’ Hallmon, Martin Luther King Jr, Lakeysha Hallmon, that’s Organizations: Georgia CNN, Biden, Trump, Democratic, Decatur , Georgia CNN, Black, White, CNN, Statewide, American, Pacific Islanders, NASA, General Electric, Republican, Republican Party, Washington, Retail, Sears, Ward Locations: Decatur, Georgia, battlegrounds, Decatur , Georgia, DeKalb County, Atlanta, United States, India, Jamaica, Vietnam, Marietta, Cobb County, Mexico, Powder Springs, MAGA, cryptocurrencies . Georgia, Powder Springs , Georgia, Massachusetts, Gwinnett County, Gwinnett, Ponce City, Atlanta’s

☆ FTC chair Lina Khan warns that airlines might one day use AI to find out you're attending a funeral and charge more
▼ + stars: | 2024-09-23 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Read previewConsumers could end up paying the (personalized) price as AI becomes more popular, FTC Chair Lina Khan recently warned. Khan said that dynamic pricing, while a separate pricing strategy, may have helped price targeting become more prevalent as people become increasingly used to encountering it. Dynamic pricing itself has already proven controversial in some areas. Wendy's received major heat from customers after announcing plans to introduce dynamic pricing and AI-enabled menu changes as early as 2025. Later, the fast-food chain clarified that its dynamic pricing would not raise prices but rather only provide discounts.

Persons: —, Lina Khan, Khan, there's, we've, Wendy's, Kroger, Elizabeth Pancotti, Pancotti Organizations: Service, Innovation, Business, FTC, Microsoft, Walmart, Roosevelt Institute

☆ Why is everything mini these days?
▼ + stars: | 2024-09-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +6 min

Even iced tea brand Snapple has launched an8-ounce bottle, advertised to fit in a mini bag. With the introduction of the mini skirt came the mini clutch bag and then the mini top handle bag. In one of her most popular videos, she stuffs a mini Coach Tabby bag ($195 online) with a mini Charlotte Tilbury lipstick, mini Chanel mascara, mini Tarte Shape Tape concealer, mini Chanel compact powder and a mini Versace perfume — along with other essentials. Covid made her realize she didn’t have to carry around as much as she thought she did, so she jumped on the mini bag trend. Even people who don’t use mini products are locked into Barker’s content.

Persons: New York CNN — It’s, Joe’s, stoke overconsumption, Shawn Carter, Gen Z, Alpha, Carter, ” Carter, Matt Sloan, ” Sloan, Jo Barker’s, Bean, TikTok, Tilbury, mascara, Gucci, Prada, Louis Vuitton, Barker, Covid, I’m, ” Barker, Ulta, ” Anna Keller, Minter, Jeremy Moeller, Keller, “, ” Keller, Melissa Valliant, ” Organizations: New, New York CNN, eBay, stoke, of Technologybusiness, Brands, Getty, Plastic Locations: New York, Instagram

☆ Extreme makeover, US Navy edition: See the new apartment-like digs on US aircraft carriers
▼ + stars: | 2024-09-21 | by ( Gidget Fuentes | ) www.businessinsider.com time to read: +1 min

A ‘demilitarized zone’Sailors can make 15-minute calls via a rotary phone, or using their personal phones, in one of two sound-proofed booths on the Lincoln. Gidget FuentesFor those personal conversations, sailors have more private options. Two soundproof booths feature rotary phones and provide a more intimate option to make calls. The goal is "to try to provide a space that lets our sailors unwind, recharge, and sort of take care of themselves." "The USO library is a good place to relax and have fun with your friends.

Persons: Lincoln, Gidget Fuentes, There's, Riebe, It's, Nabor, you've, You've, Anica Organizations: USO, Navy Locations: Concord , North Carolina

☆ Ultraprocessed foods may increase your risk for type 2 diabetes, study shows
▼ + stars: | 2024-09-20 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +6 min

Packaged foods, soda, chips, hot dogs, chicken nuggets and ice cream all fall under the category of ultraprocessed foods, which can include dozens of synthetic additives such as preservatives, emulsifiers and artificial dyes. For every 10% increase in the amount of a person’s diet made up of ultraprocessed foods, the team found that there was a 17% increased risk for developing type 2 diabetes, the data showed. The scientists also found that reducing the amount of ultraprocessed food you are consuming can lower the risk, according to the study. “Ultra-processed foods are everywhere,” Dicken said via email. “We also know that increased body fat (from excess calories) increases the risk of type 2 diabetes.

Persons: Nerys Astbury, Astbury, Samuel Dicken, ” Dicken, “, ”, Sarah Gallo, Dicken, It’s, Hilda Mulrooney, Mulrooney, ” Mulrooney Organizations: CNN, Nuffield Department, Primary Health Care Sciences, University of Oxford, University College London, Consumer Brands Association, London Metropolitan University Locations: Europe, US

☆ Ikea's fleet of 250 autonomous drones takes stock of warehouse inventory without any human intervention
▼ + stars: | 2024-09-20 | by ( John Kell | ) www.businessinsider.com time to read: +9 min

Three years ago, a drone took flight at an Ikea warehouse in Switzerland for the first time. They're more self-sufficient, too: For every 10 minutes that a Verity drone is in flight, it charges for 20 minutes. Ikea's investments in Verity's drone technology fit into its broader strategy to explore and test newer supply-chain technologies. Jönsson added that deploying drones has allowed employees to have more time for analyzing inventory data. Before using warehouse drones, workers would check thousands of pallets repeatedly in order to manage inventory.

Persons: Verity, —, Raffaello D'Andrea, — there's, Uber, Jeff Bezos, Bezos, Domino's, there's, DroneUp, D'Andrea, Verity hasn't, it's, Moller, Erik Jönsson, they're, haven't, Jönsson Organizations: Ikea, Chain Management, Service, Amazon, Walmart, Companies, McKinsey & Company, McKinsey, Ikea's, Ingka, Maersk, Samsung Group, Ingka Investments, Nvidia, Federal Aviation Administration, Investors, Kiva Systems, Amazon Robotics, Qualcomm Ventures, A.P, Moller Holding, Exor Ventures Locations: Switzerland, Swiss, Dutch, —, Zealand, Arizona , Florida, Utah, Dallas

☆ I've let my daughter do the family grocery shopping alone since she was 7. It fosters her independence.
▼ + stars: | 2024-09-19 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

AdvertisementAfter Paige said she wanted to do the grocery shopping, I thought, "I just need to think about the steps here." Grocery shopping has three parts: what you need, where it is, and checking out. She learned the layout of the grocery store and how to use the chip on the credit card. I'm practicing grocery shopping by myself." Grocery shopping is super fun for her.

Persons: —, Russ Perry, Paige, she'll, I've, Rees, Perry, she's, It's Organizations: Service, Business Locations: Arizona

☆ Home Depot to pay nearly $2 million to settle suit alleging it overcharged shoppers
▼ + stars: | 2024-09-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +2 min

SAN DIEGO — The Home Depot agreed to a nearly $2 million settlement in a case that alleged it overcharged customers, charging more for items at checkout than the items' advertised prices. In an emailed statement responding to a request for comment about the settlement, Home Depot said, “To ensure consistency for our customers, we’ve updated the timing of our price changes." The settlement includes $1.7 million to be divided among the district attorneys' offices of Los Angeles, San Diego, Orange, Alameda, San Bernardino and Sonoma counties for consumer law enforcement. "This settlement is a clear message that such behavior will not be tolerated and underscores our commitment to safeguarding the rights of consumers in our community," Gascón said. Home Depot, based in Atlanta, reported in a proxy statement in May that it earned nearly $22 billion in operating profit for the 2023 fiscal year.

Persons: “, Judge Richard S, George Gascón, Gascón Organizations: DIEGO, Superior Court, Depot, Whitney Locations: California, San Diego, Angeles County, Los Angeles, San Diego , Orange, Alameda, San Bernardino, Sonoma, Sacramento County, Atlanta

☆ YouTube's CEO on hefty creator payouts, election deniers, and the NBA: Q&A
▼ + stars: | 2024-09-18 | by ( Peter Kafka | ) www.businessinsider.com time to read: +11 min

Why do you think that's the case? Have you thought about how you're going to handle people saying that the election was fraudulent? Related storiesIt's not what gets talked a lot about, but that's actually what users experience. But there's going to be people who go, "What happened to so-and-so conspiracy theorist? I'd heard, and I think there's been some reporting out that you guys made an offer for that package.

Persons: We've, Neal Mohan, Mohan, —, Snapchat, they're, we've, They're, it's, Donald Trump, that's, Rudy Giuliani, what's, I've, I'd, there's Organizations: Service, YouTube, Google, CNN, New York Times, Fox News, ABC, Elon Musk, Twitter, NBA, Warriors Locations: India

☆ Stouffer's takes on Kraft with new boxed mac and cheese
▼ + stars: | 2024-09-16 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Stouffer's is exiting the freezer aisle and taking on Kraft Heinz with its new shelf-stable mac and cheese. The average American consumer eats mac and cheese 22 times a year, trailing only pizza in its frequency, according to Moe. Out of those 22 occasions, the mac and cheese comes from a box about 70% of the time. To start, under the name Stouffer's Supreme, the brand will offer two variations on boxed mac and cheese: a classic cheddar and a three-cheese version made with cheddar, gouda and parmesan. Moe said the cheddar is a "sibling, not identical twin" of its frozen mac and cheese, while the three-cheese option is a "cousin."

Persons: Kraft Heinz, Stouffer's, Tom Moe, Moe, Andre Maciel, Kraft's, Nestle, that's Organizations: Kraft, Nestle, Nestle Meals Division, Barclays Global Consumer Staples Locations: cheddar, gouda

☆ Private-label grocery brands boomed during inflation. Prices are down, but store-brand items keep going higher
▼ + stars: | 2024-09-16 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Private brands — also called store brands and private-label brands — of foods and beverages have shared shelf space with national brands for years. Customer shopping habits are changing for goodIn the past, the value proposition of private brands was driven primarily by lower prices. But consumer attitudes are evolving, according to a recent survey by the Food Industry Association, which represents both food retailers and producers. And 46% said they expect to buy private brands somewhat or much more, compared to 27% saying that for national brands. "In the U.S., the market for private brands as an industry to eclipse national brands is not something we'll see," Baker said.

Persons: Peggy Davies, they've, Kraft Heinz, —, Rick Gomez, Sally Lyons Wyatt, John David Rainey, Scott Morris, Kroger, King Scoopers, Albertsons, Smart, Lyons Wyatt, They've, Doug Baker, Baker, Gen Zers, Xers, Steve Zurek, there's, Zurek, Morris, Gen, Joe's Organizations: Retailers, Private Label Manufacturers Association, Procter & Gamble, Walmart, Kroger, Albertsons, Target, Wall Street, Walmart U.S, Brands, Metro Market, Food Industry Association, Aldi Locations: Kellogg's, U.S, California , Florida, Western Europe

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