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☆ Lufthansa fined for violating 128 Jewish passengers’ civil rights
▼ + stars: | 2024-10-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Lufthansa, Germany’s biggest airline, has been fined a record $4 million for discriminating against Jewish passengers, the US Department of Transportation announced Tuesday. The fine stems from a May 2022 incident in which the airline prohibited 128 Jewish passengers from boarding. The crew said that some passengers obstructed flight attendants in economy class from its on-board food and beverage service, “inconvenienced other passengers” and argued with the crew about wearing masks. The DOT said that Tuesday’s penalty is its largest ever issued by the federal agency for civil rights violations. “No one should face discrimination when they travel, and today’s action sends a clear message to the airline industry that we are prepared to investigate and take action whenever passengers’ civil rights are violated,” said US Transportation Secretary Pete Buttigieg in the release.

Persons: ”, “, Pete Buttigieg, Lufthsansa Organizations: New, New York CNN, Lufthansa, Germany’s, US Department of Transportation, DOT, CNN, American Jewish Committee Locations: New York, Frankfurt, Budapest

☆ Why Gen Z Loves Expensive Groceries, Treats, and Snack Foods
▼ + stars: | 2024-10-14 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +10 min

In a McKinsey survey in February, groceries represented the top category that Gen Z and millennial respondents said they planned to splurge on, outpacing restaurants, travel, and fitness; in 2017, Gen Xers were the top spenders on groceries, followed by boomers. In June, Bank of America reported that its Gen Z customers spent more at premium grocery stores than any other generation. The trend picked up steam with Gen Z. Millennials and Gen Zers are driving demand for vegetarian and vegan food. In a recent YouGov survey for Whole Foods, 70% of Gen Z respondents indicated they were willing to pay more for high-quality foods. Related storiesTo be sure, Gen Z isn't the first generation to serve up food as a status symbol.

Persons: Jade Lily, TikToker, smoothies, Kourtney Kardashian, Katy Perry, Lily, Gen Xers, CreditKarma, Zers, Gen Z's, Millennials, Z, Gen, Neeru, Andrea Hernández, We're, Barbara Kafka, Hernández, Erewhon, Hailey Bieber, Bella Hadid, Sofia Richie, Nate Rosen, Mary Kate, Ashley Olsen, McDonald's, Britney Spears, Nina Dobrev, Shawn Mendes, Prebiotic sodas, Camila Cabello, Gen Zers, Poppi, It's, Rosen, Caesar, That's, Paharia Organizations: McKinsey, Bank of America, Inc, Foods, Arizona State University, New York Times, Pepsi, Brands, idc, Associated Press, Good Culture, Fast Company Locations: Angeles, tocos, Los Angeles

☆ Singaporeans are used to paying less than $5 for a meal. This 30-year-old chef charges double, and diners keep coming.
▼ + stars: | 2024-10-14 | by ( Erin Liam | ) www.businessinsider.com time to read: +9 min

She went on to open a hawker stall selling prawn noodles, which later expanded into a casual eatery. When Dave Pynt, the chef-owner of Australian-inspired barbecue restaurant Burnt Ends, visited her school for a guest lecture on wood-fire cooking, she was intrigued. Shifting the focus to local cuisineA bowl of prawn noodles costs between SG$14 to SG$20 at Zhup Zhup. A hawker stall seemed like the perfect sandbox to test her ideas without spending a lot on overhead costs. The challenges of running a hawker businessThree years in, the hawker stall had just managed to earn back its capital.

Persons: Gwyneth Ang, Ang, —, she's, Erin Liam, Dave Pynt, hawker, Erin Liam So, pao, Darren Ang, Pynt, Erin Liam Singapore's, Teo Kay Key, Cherry Tan, Shanice Lim, nasi, Lim Organizations: Michelin, Service, Business, Culinary Institute of America, hawker, Department of Statistics, Institute of Policy Studies, National University of Singapore, Singapore Airlines Locations: Singapore, New Bahru, hawker, Macpherson, Pynt

☆ This dividend strategy can bring in income and help you sleep at night
▼ + stars: | 2024-10-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

"The people who want us, find us and sleep at night," said Peris, who manages the Strategic Value Dividend Fund and the U.S. Strategic Dividend exchange-traded fund . What to look for in dividend stocks Peris leans more "old economy" when looking for stocks, focusing on names that are everyday brands that people know. The U.S. Strategic Dividend ETF has an adjusted expense ratio of 0.5% and 3.19% 30-day SEC yield. A-shares of the Strategic Value Dividend Fund (SVAAX), which have an adjusted expense ratio of 1.06%, have a 30-day SEC yield of 3.27%, as of Sept 30. "The dividend investor's focus has to be, by definition, on — does this income stream add up?

Persons: Hermes, Daniel Peris, Peris, they've, they're, Buybacks Organizations: Federal Reserve, U.S, Strategic, CNBC, SEC, Holdings Locations: U.S, SVAAX, Silicon Valley

Actor Simu Liu blasted a pair of Quebec entrepreneurs last week who went on Canada’s version of “Shark Tank” to pitch a drink they say has “transformed” boba tea. Sébastien Fiset and Jess Frenette, founders of a bottled popping boba and alcoholic bubble tea brand called Bobba, were seeking $1 million in exchange for 18% of the company. Their products include cans of alcoholic bubble tea, as well as grab-and-go packets of popping boba. “Dragons, you have probably heard about bubble tea,” Frenette said before Liu quickly interjected with a sarcastic: “I’ve never, has anyone else heard of bubble tea? Not everything has to be traditional.”Fiset responded by saying Bobba’s popping boba makes the drink “not an ethnical product anymore.” Minhas agreed that the popping boba was new, saying she’d never experienced it.

Persons: Simu Liu, Sébastien Fiset, Jess Frenette, CBC’s, ”, Fiset, boba, ” Fiset, Liu, Bobba, “, ” Liu, Let’s, “ Barbie, Frenette, ” Frenette, I’ve, Manjit Minhas, ” Minhas, she’d, Brian Scudamore, ” didn’t Organizations: Bobba’s, Ventures, Bobba Locations: Quebec, —, Canadian, Fiset, Taiwan, Markham, Bobba

☆ I've been to Disney World dozens of times. Its dining plan is a great value for families like ours — especially when offered for free.
▼ + stars: | 2024-10-13 | by ( Matt Cabral | ) www.businessinsider.com time to read: +5 min

Fortunately, Disney brought back its dining plans this year, and I find them to be a great value. AdvertisementDisney dining plans come in 2 tiers and include multiple meals and beveragesDisney dining plans with table-service meals included come with dessert. Through this same promotion, guests staying in pricier deluxe hotels could get free standard dining plans. Matt CabralThe paid dining plan is worth it for folks who enjoy Disney's food as much as its entertainment. AdvertisementBefore the dining plan was suspended, Disney also regularly offered deals that allowed guests to get it for free.

Persons: we'd, —, we've, Disney, Matt Cabral, Dole, You'll, Disney Visa cardholders Organizations: Disney, Service, Port Orleans Riverside, Disney Visa Locations: Port Orleans

☆ Canadian drink company tastes controversy after Simu Liu raises cultural appropriation questions
▼ + stars: | 2024-10-13 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

CNN —Controversy bubbled for a Canadian drink company after its founders drew the ire of a Marvel superhero on an episode of a “Shark Tank”-style reality series. On a recent episode of CBC’s “Dragons’ Den,” actor Simu Liu appeared as a guest star and prospective investor. The owners of a Quebec-based bubble tea brand called Bobba were featured, seeking funding to grow their brand. Bubble tea is a Taiwanese tea-based drink with tapioca balls that has risen in popularity in recent years. The friction between Liu and Bobba owners Sebastien Fiset and Jess Frenette was visible early in their pitch.

Persons: CBC’s, Simu Liu, Liu, Sebastien Fiset, Jess Frenette, ” Liu, ”, Frenette, Fiset, “, boba, Den, Manjit Minhas, Bobba, Liu “, Frenette’s, Minhas Organizations: CNN, Marvel, Sunday Locations: Canadian, Quebec, Taiwan, Canada, “, Bobba

☆ Feeling the pinch, groceries become a 'splurge' for millennials and Gen Z
▼ + stars: | 2024-10-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Younger generations spend more on groceries than other categories, a McKinsey report says. The firm asked over 4,000 people, from baby boomers to Gen Zers, about the categories they intend to splurge on this year. Groceries ranked highest for millennials and Gen Zers, outpacing restaurants, bars, travel, beauty and personal care, apparel, and fitness. It's a notable shift from 2018 when older generations like baby boomers and Gen Xers still spent more on groceries than millennials. It surveyed baby boomers to Gen Zers, not baby boomers to Gen Xers.

Persons: Moodys, —, Splurging, what's, Gen Zers, It's, Gen Xers, Zer, Peter Pham, Pham, Moody's Organizations: McKinsey, Service, McKinsey & Company, millennials, Forbes

☆ 31-year-old made $27,000 this year from her LinkedIn side hustle—it helps pay her mortgage
▼ + stars: | 2024-10-12 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

Jayde Powell started her social media career over a decade ago, working for wellness brands and big name companies like Delta Airlines. The money she earns from LinkedIn helps her pay her mortgage and utilities bills, and offset monthly business expenses, while she grows her own company, she says. Powell has made $32,700 through The Em Dash Co. and another $2,750 from other social media content so far this year. "There have been times where I haven't been able to pull in new client work [at the Em Dash Co.]." Here's how Powell developed her voice on social media and leveraged it into a lucrative LinkedIn side hustle.

Persons: Jayde Powell, Powell, Powell —, —, It's Organizations: Delta Airlines, LinkedIn, Twitter, CNBC, Em Locations: America, Atlanta, U.S

☆ Why it’s OK to crave the taste of home when you travel
▼ + stars: | 2024-10-10 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +12 min

Enter, the American Bar. But, like the patrons of the American Bar before us, seeking out home comforts when abroad is still something we all do. The study was based on interviews with 330 people in the US, all questioned on how likely they’d be to try local foods when traveling. We learn to associate food with comfort – hence the term ‘comfort food,’” Brewer says. The American Bar at the Savoy has been a London hotspot since the late 1800s.

Persons: Richard D’Oyly Carte, Ernest Hemingway, Marilyn Monroe, “, ”, Andrea Di Chiara, couldn’t, Coke, Maggie Wong, Angel Gonzalez, ” Gonzalez, Judson Brewer, Brewer, Richard A, Brooks, ’ ” Brewer, Bridget Jones, Jungfraujoch, Kathrin Naegeli, Gonzalez, JACK HARDY, tellingly, Gerald Quadros, there’s, ” Brewer, we’re, ‘ I’d, ’ Organizations: CNN, American Bar, American, Future Market, Yorkshire teabags, California State University, Monterey Bay, Brown University, Getty, Jungfrau Railways, Noodle, Savoy, Langham Hotel, Random Locations: United States, Savoy, London, Hong Kong, Paris, Monterey, AFP, Europe, Swiss, Zurich, Denbighshire, Italy

☆ The Contests, Clubs and Big Promises of Trump’s Fund-Raising Emails
▼ + stars: | 2024-10-10 | by ( Karen Yourish | Lazaro Gamio | ) www.nytimes.com time to read: +26 min

It has offered adherents myriad “exclusive” opportunities to join clubs to give counsel to Mr. Trump, and it has repeatedly claimed that Mr. Trump is personally reviewing lists of small donors. The New York Times looked at some 7,400 emails sent by the Trump campaign since Mr. Trump entered the presidential race. Ms. Harris, and before her Mr. Biden, have far outpaced Mr. Trump in fund-raising this cycle, including from small-dollar donors. But both in sheer number (about 75 emails per week, on average, throughout this campaign cycle) and in syntax, the former president’s campaign emails stand out. Similar questions have arisen about contests Mr. Trump’s campaign and political action committee have run in years past.

Persons: Donald J, Trump, Trump Tour “, MAGA, Vance, Melania, Blue, ”, Santa, ” MAGA, Red Trump, MAGA ”, Brandon, “ Trump, “, Biden, Joe, Patrick’s, White, Pink, Red MAGA, Black MAGA, Trump “ I’m, Gray, Kamala Harris, Harris, Mr, Biden’s, ’, Trump’s, missive, BIDEN, you’ll, President Trump, Email, William McGuffin, McGuffin, ” Kyle, Beth Hilfer, ” Email, ” “, Trump “, Trump ”, Harris’s, Biden ”, Joe ”, Let’s, Brandon ”, Brian Hughes, YOU Organizations: New York Times, Trump, Trump Tour, Trump Tour “ Trump Force, Bedminster, Florida, Trump International, Republican National Convention, Miami Grand Prix, Houston Meet Trump, Trump Jr, Trump Meet Trump, Trump Force, Trump American, Trump Patriot, Trump Georgia, Trump Campaign, Trump Defense Task Force, Trump Free, Trump Official Trump, President’s, Melania Trump, Board, Trump Life, Trump Gold Club, Trump Diamond Club, Club, Trump VIP, Trump VP, Blue Trump, Trump Trump, MAGA, Trump MAGA, Santa Trump, Red Trump MAGA, White Trump MAGA, MAGA ” Trump, Beijing Biden, TRUMP, TNN, ” Trump, Black, “ Trump, Trump “, Trump “ Trump, Democratic, Mr, Biden, Data & Society, CLUB, WIN, The Times, Times, Formula One’s Miami, Prix, Federal, Patriots, “ Trump Force, American Express, “, TOP, Stockings Locations: Nashville Trip, Lexington, Ky, Beverly Hills, Costa Mesa, Calif, Dallas, Houston, Hallandale Beach, Fla, Trip, Vegas, London, New Orleans, N.J, Trump, Park City, Utah, Red, Delaware, Las Vegas, New York, America

☆ He flies business and first class multiple times a year — all on credit card points
▼ + stars: | 2024-10-10 | by ( Lim Hui Jie | Jan Camenzind Broomby | ) www.cnbc.com time to read: +4 min

A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one. A business class ticket jumps to SG$6,300, and a first-class ticket just over SG$13,000. Aaron Wong, who flies first and business class when he travels, says: "You don't need to be rich to enjoy such things." However, it's not as simple as just picking up any mile-earning credit card and spending a bunch of money, he said. For example, in Singapore, points earned on DBS credit cards can be combined, but credit cards from Citibank Singapore don't work that way.

Persons: —, Aaron Wong, Wong, it's, Miles Organizations: Singapore Airlines —, Singapore Airlines, Singapore Changi, Cape Town, DBS, Citibank Singapore don't Locations: Singapore, London, Tokyo Haneda, Perth, Cape

☆ Using options to generate income from a boring stock
▼ + stars: | 2024-10-10 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Options traders like to say that there are strategies that can profit if a stock rises, falls, or goes nowhere at all. Crown Holdings (CCK) , which reports earnings next week, may have the set-up we're looking for. Demand for sustainable and recyclable packaging drives growth in the beverage can market, a significant segment for Crown Holdings. In the street's view, Crown Holdings is a reasonable business at a reasonable valuation (19 price-earnings ratio). This involves purchasing the lower implied volatility, longer-dated options, and selling nearer-dated options to capitalize on accelerated decay ("theta").

Organizations: Crown Holdings, Ball Corporation, YTD, Holdings, CNBC, NBC UNIVERSAL

☆ I was a 'cart girl' on a golf course for 2 years. These are the 3 biggest mistakes I saw customers make.
▼ + stars: | 2024-10-09 | by ( Alex Klaus | ) www.businessinsider.com time to read: +4 min

Don't drink so much that you can't properly drive a golf cart or respect staff members. AdvertisementNot long ago, I started working as a "cart girl" at my local golf course. This was my second summer working at the course, and golf balls had never come close to hitting me before. Unfortunately, I regularly dealt with golfers making uncomfortable comments about my body or trying to touch me. Also, if you're too drunk to treat employees with respect, you're also probably too inebriated to check your surroundings and safely drive your golf cart.

Persons: —, I'm, Ruwan Walpola, there's Organizations: Service

☆ Mountain Dew is putting the mountain back in its logo
▼ + stars: | 2024-10-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —“Mtn Dew” is getting a makeover, with the word “mountain” reappearing on cans and bottles following a roughly two-decade-long hiatus. “Mountain Dew appears ready to shake off the adrenaline rush that has defined the brand’s marketing for almost two decades, when a key strategy was to market Dew like an energy drink to an energy drink crowd,” Duane Stanford, editor and publisher of Beverage Digest, told CNN. A major change in marketing is essential for Mountain Dew. The new look for Mountain Dew is more about an “evolution and nurturing that we wanted to give to this beloved franchise,” said JP Bittencourt, vice president of marketing at Mountain Dew. “This design has been in the works for some time, so this is not a response to anybody.”A rebrand could also attract drinkers that have perhaps forgotten about Mountain Dew.

Persons: ” Duane Stanford, Spelling, ”, Mauro Porcini, Porcini, ” Porcini, Stanford, Ramon Laguarta, ” —, Bittencourt Organizations: New, New York CNN —, Mtn, PepsiCo, CNN, Beverage Digest, Mist, Dew, Rockstar Energy Locations: New York, North America, Tennessee Smoky

☆ Jim Cramer analyzes PepsiCo's share movement in the wake of a revenue miss
▼ + stars: | 2024-10-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said Wednesday that as earnings season begins, it's wise to keep in mind that sometimes bad news is baked into a stock's price before the report. Cramer pointed to Wall Street's reaction to PepsiCo in the lead-up to, and wake of, its Tuesday report. He noted how shares dipped but managed to recover even though the company posted a revenue miss. While the snack and beverage maker did miss on revenue, it managed to beat earnings expectations. The company lowered its full-year outlook for organic revenue, citing weak demand in North America as shoppers buy fewer snacks.

Persons: CNBC's Jim Cramer, Cramer, Morgan Stanley, FactSet, Stocks Organizations: PepsiCo, Citi, Bank of America, RBC Capital, Barclays, Quaker Oats Locations: North America

☆ Pepsi sales slide as snack and drink demand sags
▼ + stars: | 2024-10-08 | by ( Amelia Lucas | ) www.nbcnews.com time to read: +2 min

For 2024, Pepsi now expects a low-single-digit rise in organic revenue, down from its prior outlook of 4% growth. Pepsi reported third-quarter net income attributable to the company of $2.93 billion, or $2.13 per share, down from $3.09 billion, or $2.24 per share, a year earlier. The company reported that volume for both its food and beverage divisions declined 2%. Quaker Foods North America reported the steepest drop-off in volume, with a 13% slide. Frito-Lay North America reported a 1.5% decline in volume.

Persons: Ramon Laguarta, Jamie Caulfield, Frito, pita, ” Organizations: PepsiCo, Quaker Foods North America, Pepsi, Quaker Foods, Lay, ” Pepsi, Pepsi’s, Brands, Gatorade Locations: U.S, Quaker Foods North, America, Africa, Middle East, South Asia

☆ Stock market today: Indexes edge up as oil prices ease and traders look to key inflation data
▼ + stars: | 2024-10-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Oil prices slid, while investors shrugged off sluggishness in China stocks. Wall Street is gearing up for CPI, which is in focus after the strong September payroll report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStock markets opened higher on Tuesday as oil prices dipped, helping investors recover slightly after Monday's losing session. Instead, Wall Street is largely focused on earnings and upcoming inflation data, scheduled for release on Thursday.

Persons: Stocks, —, Monday's, Brent, Wells Organizations: CPI, Service, Stock, Federal Reserve, Bank of America, PepsiCo, JPMorgan, BlackRock Locations: sluggishness, China, Beijing, Wells Fargo, Here's

☆ Earnings reporting season starts this week and investors don't expect it to be great
▼ + stars: | 2024-10-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The third quarter earnings season will take its first big steps this week, but Wall Street has already been dialing back expectations for months. That shift could be a sign that Wall Street is losing confidence in corporate America. 7 and Other 493 earnings are expected to slow in 3Q, but Other 493 earnings are expected to re-accelerate to low-to-mid teens growth starting in 4Q, while Mag. PepsiCo reported mixed results for the third quarter on Tuesday, as the food and beverage company beat on earnings but saw softer sales numbers. Delta Airlines and JPMorgan Chase are some of the heavy hitters on deck for later in the week.

Persons: Ohsung Kwon, Kwon Organizations: Bank of America, 4Q, Microsoft, Nvidia, Tesla, Apple, PepsiCo, Delta Airlines, JPMorgan Chase Locations: America

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Microsoft, Wells Fargo, Disney, Apple, First Solar & more
▼ + stars: | 2024-10-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We reiterate our Overweight rating on the name as NVDA remains our Top Pick." JPMorgan reiterates Charles Schwab as overweight JPMorgan raised its price target on the stock to $86 per share from $78. "We are initiating coverage of Morningstar (MORN) with a Buy rating and a $390 price target. Wells Fargo reiterates Tesla as underweight Wells says it remains "skeptical" heading into Tesla's robotaxi day later this week. "We are initiating coverage of MBX Biosciences with an Overweight rating and Dec 2025 price target of $30."

Persons: Cantor Fitzgerald, Cantor, TD Cowen, Cowen, Wolfe, Wells, Bernstein, Oppenheimer, Goldman Sachs, Milton, Irma, JPMorgan, Charles Schwab, Morningstar, Redburn, Goldman, Tesla, TSLA, Key, Affirm's, it's, Morgan Stanley, it's bullish, Abbott, Susquehanna, KeyBanc Organizations: Anheuser Busch InBev, InBev, Humana, STARS, Microsoft, Disney, JPMorgan, UBS, Biotech, Legend Biotech, Barclays, Optimus, Qualcomm, Express, American Express, Netflix, Bicara Therapeutics, Abbott Labs, Howmet Aerospace, Commercial Aerospace & Defense, Bank of America, Apple, MBX Biosciences, Delta, Argus, McDonald's Corp Locations: China, Wells Fargo, F4Q17, 1H26, Tesla's

The best Amazon Prime Day dealsKeep checking in on our curated deals list below, as we'll be updating it throughout the event with our latest Prime Day picks. Tech and gaming Prime Day dealsThis will be one of the busiest sections of the October Prime Day sale, and some absolute bangers are live already. View at AmazonKitchen Prime Day dealsLooking for a Prime Day pick-me-up? View at AmazonStyle and beauty Prime Day dealsIt's not all high-end electronics on Prime Day. View at AmazonAmazon Prime Day FAQsWhen is Amazon Prime Day?

Persons: We'll, we've, we'd, You'll, Bose, Apple, LG's, 120Hz, HLG, OmniForce, Bissell, Loren, LQ, seltzer, It's, I've, Skip, shams Organizations: Business, Amazon Prime, Deal, Tech, Apple, Deal Sony, Slim, Alexa, Kindle, Google, Amazon Samsung Galaxy Watch, Galaxy Watch, Amazon, Sony, Apple AirPods, LG, Samsung, Dolby, HLG Smart, Amazon LG, Chatelet Air, Bissell, DELTA, Delta, Barista, REVLON, Revlon, Amazon Braun, Braun

☆ PepsiCo trims revenue outlook as North American snacking, key international markets lag
▼ + stars: | 2024-10-08 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales. Shares of the company fell 1% in premarket trading. The company reported that volume for both its food and beverage divisions declined 2%. Quaker Foods North America reported the steepest drop-off in volume, with a 13% slide. Frito-Lay North America reported a 1.5% decline in volume.

Persons: Ramon Laguarta, Jamie Caulfield, Frito, pita Organizations: Pepsi, PepsiCo, Quaker Foods North America, LSEG, Quaker Foods, Lay, Pepsi's, Brands, Gatorade Locations: Maryland, United States, U.S, Quaker Foods North, America, Africa, Middle East, South Asia

☆ PepsiCo is giving shoppers a break on chips after years of snackflation
▼ + stars: | 2024-10-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

PepsiCo is selling bigger packs of chips to win over inflation-weary shoppers. It's the latest sign that shoppers are getting some relief after years of rising food prices. PepsiCo is adding more chips in packs without raising prices, company executives said during an earnings call on Tuesday. PepsiCo is also adding two or three extra bags of chips to variety packs, which typically contain around a dozen small bags of chips, he said. Executives at PepsiCo, one of the world's largest snack and beverage makers, had indicated in July that relief from higher snack prices was on the way.

Persons: —, There's, Ramon Laguarta, Laguarta, Sen, Elizabeth Warren, Madeleine Dean, Mills, Warren, Dean, Kamala Harris Organizations: PepsiCo, Service, snackers, Frito, Lay Locations: America

Panera Bread has settled with the family of an Ivy League student with a heart condition who died after drinking the chain’s highly caffeinated Charged Lemonade drink. The suit said that Katz bought a Charged Lemonade from a Panera restaurant in September 2022. A second lawsuit blamed it for a Florida man’s death while the other two alleged that the Charged Lemonade caused permanent heart injuries in previously healthy people. The complaint said the Charged Lemonade also had guarana extract, another stimulant, as well as the equivalent of nearly 30 teaspoons of sugar in the large size. It also added prominent signs cautioning that Charged Lemonade contained caffeine, should be consumed in moderation and was not recommended for children, people sensitive to caffeine, pregnant or nursing women.

Persons: Sarah Katz, Katz, Panera, Elizabeth Crawford, Kline, Specter, Sarah Katz ”, “, ” Panera, Katz’s Organizations: Ivy League, University of Pennsylvania, NBC News, NBC Locations: Philadelphia, Florida

Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher. Spokespeople for General Mills, Coca-Cola and PepsiCo did not immediately respond to requests for comment. President Joe Biden has mentioned shrinkflation numerous times, declaring it a “rip-off” in a video he posted to X. Sarah Gallo, senior vice president of federal affairs at Consumer Brands Association, a trade group that Coca-Cola, PepsiCo and General Mills all belong to, defended industry practices to NBC News. Dean said the letters were sent to “ease the wrongful burden” the companies are imposing on consumers.

Persons: Sen, Elizabeth Warren of, Madeleine Dean of, Mills, General Mills, Jeff Harmening, James Quincey, “, Ramon Laguarta, Spokespeople, Warren, Dean, ” Warren, ” Sen, Elizabeth Warren, Ting Shen, Joe Biden, Nailya Ordabayeva, ”, ” Ordabayeva, shrinkflation, Doritos, Sarah Gallo, ’ ” Dean Organizations: Democratic, Elizabeth Warren of Massachusetts, Cola, PepsiCo, NBC, North, Retail, CNBC, Gatorade, Republican, Taxation, Economic, “, NBC News, Bloomberg, Boston University Questrom School of Business, Consumer Brands Association, General, Federal Reserve Bank of San Locations: shrinkflation, Washington, Federal Reserve Bank of San Francisco

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