Tag: Food and drink
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Chipotle is opening its first restaurant in Mexico
Fast casual chain Chipotle announced Monday that it is opening its first location in Mexico in the Monterrey area.
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PepsiCo earnings miss estimates as North American consumers tighten their budgets
PepsiCo reported weaker-than-expected quarterly earnings despite strong international demand.
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Jim Cramer says these are the 5 stocks to buy during this market rotation
CNBC’s Jim Cramer said investors should use the latest market rotation as an opportunity to buy high-quality companies.
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Americans are paying record prices for steak. Here’s why demand isn’t cracking
Despite record beef prices, Americans aren’t giving up steak. Consumers are treating beef as an affordable luxury and prioritizing it for special occasions.
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Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up
Kroger said on Wednesday it would buy supermarket chain Giant Eagle in a $1.65 billion deal, as it looks to scale amid intense competition.
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Major egg producers settle price inflation probe for $3.3 million
Cal-Maine Foods, Versova and Hickman’s Egg Ranch agreed to settle allegations of price manipulation by the Justice Department and 17 states.
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America can’t get enough of protein. The dairy industry can’t keep up
Demand for whey protein is off the charts as American diet trends change and GLP-1s boom, and the dairy industry is struggling to produce enough.
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From protein coffee to CBD soda: How brands are cashing in on the functional beverage boom
“We’re selling [almost] as much protein cold foam as we do flat whites,” Starbuck’s EMEA Manager of Beverage Development Sam Henderson told CNBC.
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Red Lobster’s Ultimate Endless Shrimp promotion described as a ‘car crash for the company, lawsuit says
“Thai Union doubled down on a campaign to squeeze out every drop of value that it could,” creditors said
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SNAP restrictions could change what shoppers buy — and food giants are watching
SNAP food restrictions are spreading to more states, pressuring major food and beverage as consumers shift spending away from soda, candy and processed foods.
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