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Tag: Food and drink

Coronavirus hits already struggling US farmers with drop in prices

Coronavirus hits already struggling US farmers with drop in prices

In this photo taken March 20, 2020, cattle rancher Joe Whitesell rides his horse in a field near Dufur, Oregon, as he helps a friend herd cattle. Gillian Flaccus | AP U.S. farmers have endured a slew of financial hardships over the past few years.  The U.S.-China trade war sent scores of farmers out of […]

Coke, Clorox, other brands urge attorney general Barr to fight price gouging

Coke, Clorox, other brands urge attorney general Barr to fight price gouging

William Barr, U.S. attorney general, listens during a roundtable discussion with law enforcement in Wichita, Kansas, U.S., on Wednesday, Oct. 2, 2019. Nick Oxford | Bloomberg | Getty Images A lobbying group representing some of America’s largest consumer brands wants the Justice Department to stop retailers from jacking up prices on hand sanitizer, masks and […]

Climate change could upend New York’s maple syrup industry

Climate change could upend New York’s maple syrup industry

Farmer Dana Putnam tries to tap a maple tree for sap, but is unsuccessful. His trees are producing less sap as the climate changes. Emma Newburger | CNBC ORANGE COUNTY, NY — Dana Putnam drilled into a maple tree, added a plastic tube and waited for the sap to flow. Nothing happened. It’s the end […]

Coca-Cola expects coronavirus could hit first-quarter earnings by up to 2 cents

Coca-Cola expects coronavirus could hit first-quarter earnings by up to 2 cents

Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents. The global beverage giant is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%. Despite the […]

More than 1,000 Justice Department alumni call for Barr’s resignation

More than 1,000 Justice Department alumni call for Barr’s resignation

US President Donald Trump (L) shakes hands with US Attorney General William Barr (R) during the Public Safety Officer Medal of Valor presentation ceremony at the White House in Washington, DC on May 22, 2019. Jim Watson | AFP | Getty Images More than 1,000 alumni of the Justice Department on Sunday released a letter […]

Gatorade and Powerade try to adapt as sports drinks sales decline

Gatorade and Powerade try to adapt as sports drinks sales decline

The first National Football League team to drink Gatorade was the Kansas City Chiefs, who went on to win a Super Bowl that year. For the first time since winning the title in 1970, the Missouri football team is back in the big game this year. In the 50 years since the Chiefs’ victory, Gatorade […]

Uber sold its food delivery business in India to local rival Zomato

Uber sold its food delivery business in India to local rival Zomato

  The sale offers Uber a 9.99% stake within the Indian restaurant aggregator and meals supply start-up. Zomato is backed by Alibaba affiliate Ant Financial, which just lately agreed to speculate as much as $150 million at a pre-money valuation of $three billion, in accordance with official filings from Zomato-shareholder Info Edge. Based on that […]

Personalized nutrition could be the next plant-based meat, worth $64 billion by 2040, says UBS

Personalized nutrition could be the next plant-based meat, worth $64 billion by 2040, says UBS

  Imagine receiving custom-made diet recommendation based mostly in your private biologic or genetic profile. That’s the “way forward for meals,” in line with a UBS analyst, who sees weight loss program personalization as the subsequent plant-based meat. Personalized diet may generate annual revenues as excessive as $64 billion by 2040, the agency stated. Plus, […]

Target (TGT) holiday 2019 sales fall short of estimates

Target (TGT) holiday 2019 sales fall short of estimates

Target was expected to be a winner this holiday season, amidst a sea of disappointing reports. But the big-box retailer said Wednesday that its holiday sales were weaker than planned. Its shares tumbled more than 8% on the news. Walmart, which hasn’t reported holiday results, also traded lower. Its stock was last down about 2%. […]

Zhenmeat, China plant based meat firm, seeks funding

Zhenmeat, China plant based meat firm, seeks funding

A slider made of Zhenmeat’s plant-based meat alternative pictured in Shanghai, China on January 13, 2020. Arjun Kharpal | CNBC Chinese plant-based meat substitute start-up Zhenmeat is looking to raise around $2 million of funding this year as it expands across the world’s second-largest economy and fends off a potential challenge from U.S. rivals. Zhenmeat […]