Topline The stock market tanked on Friday, adding to heavy losses this week that pushed the S&P 500 into a bear market, down over 20% from its intraday peak in January as investors continue to get whipsawed by concerns about inflationary pressures and rising rates. Key Facts The selloff on Wall Street continued with a
Food & Drink
Share to Facebook Share to Twitter Share to Linkedin Through the early weeks of the pandemic, fake meat sales grew some 200% at retail, and that hype helped drive the sector to secure more than $2 billion in funding. A lot of that came from venture capitalists, who continued to pour money into alternative protein
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It had been a long time since I made—or drank—a Mint Julep when I made them on May 7th. I virtually joined the folks in the stands of Churchill Downs in cheering the horses on with a cold one and reminisced about the time I was actually there. At Churchill Downs, they pour the bottled
Lyre’s, the world’s most valuable non-alcoholic spirits brand, is betting on the Chinese market with the launch of a sans-alc baijiu. It’s the world’s first non-alcoholic baijiu. Baijiu is a massive category in China. Technically, it’s the world’s most consumed spirit, accounting 23% of all spirits consumed globally each year/Baijiu distiller Kweichow Moutai passed Diageo
Topline President Joe Biden is invoking the 1950 Defense Production Act (DPA) to make companies produce vital baby formula ingredients as part of a raft of new measures to lessen the ongoing national baby formula shortage, the White House announced Wednesday. Key Facts Enacted during the Korean War to avoid wartime shortages, the DPA enables
Mayochup, anyone? How about some Mayomust on that sandwich or some Ketchili on that hamburger? Maybe you’d prefer a little honeyracha? While mixing and matching is nothing new, Kraft Heinz is hoping that by blending flavors and products such as mayonnaise and ketchup, mayonnaise and mustard, and ketchup and chili, it can further build its
Presented by the All-electric Ford Mustang Mach-E. These days it might seem like you can get your hands on anything, but believe it or not there are still some foods that are hard, if not nearly impossible to get the opportunity to try. Some are hard to make, others hard to find, some even potentially
According to a United Nations report, the global tourism industry has lost $4 trillion, mainly because of lockdown measures over the past two years. To put that number into perspective, the impact is almost equivalent to the GDP of France. However, the silver lining is that hotels and restaurants became super creative in finding ways
When traveling, you should consider the best fruit options to try. Some of these include rambutan, cacao, and the horned melon. We’ll show you some of the most vibrant, oddly textured, and juiciest fruits around the planet. MORE FOOD ROUNDUPS CONTENT: 35 Wild Burgers You Need To Eat Before You Die 42 Cheesy Foods You
Even before the first golfers teed off for the 2022 PGA Championship, one female entrepreneur had already carded a hole-in-one with her unique single-serve wine being featured at the event. Founded in 2017, Wander + Ivy has made a name by creating its own niche in the ever-expanding and diversifying wine market, which is increasingly
Topline Abbott Laboratories has reached an agreement with the Food and Drug Administration to reopen its baby formula plant in Sturgis, Michigan, the company announced Monday, raising hopes that a national formula shortage—fueled partly by the Sturgis plant’s closure due to safety concerns—will be over in a matter of weeks. Key Facts Once the FDA
Portillo’s is coming off a strong first quarter earnings performance for sales growth, but a quarter hindered nonetheless by “unprecedented commodity inflation.” The highest impact inflation is coming from pork, chicken and beef prices, executives noted during the company’s May 5 call. Starting Tuesday, Portillo’s will have a new permanent menu item in the mix
Colombian mycologist Catalina Salgado-Salazar is helping to develop a genetic test to identify a fungus that causes a disease that has already hit Asia’s mango industries and could threaten crops in the US and Colombia alike. Salgado-Salazar, who is a researcher at the United States Department of Agriculture’s Agricultural Research Service (USDA ARS), says she
As the U.S. deals with a baby formula shortage, actress and author Bette Midler posted a tweet that led to a bit of a feeding frenzy on Twitter. On Thursday, Midler tweeted, “TRY BREASTFEEEDING! It’s free and available on demand,” in response to a holy oligopoly, Batman-tweet from Stephanie Ruhle, the host of The 11th
Remember lunch? You know, the midday meal when work paused, laptops folded shut and you focused solely on eating some food, maybe with another human being? The sad desk salad has proliferated through the pandemic, leaving way too many nine-to-fivers working through lunch or just not eating lunch at all. Random handfuls of afternoon snacks
Sunset in the country getty Sitting on the back porch drinking a beautiful glass of Cabernet Sauvignon, the sunset painted the sky with colors of saffron and gold; there, a veteran wine producer in Napa Valley took in the recent catastrophe that destroyed so much of his community while he contemplated the luck of no
Consumers all around the United States are forced to save their dollars and count their pennies as high inflation is putting pressure on household budgets. U.S. inflation rose another 8.3% year-over-year in April, according to the Bureau of Labor Statistics. Food and energy—the more volatile items in the Consumer Price Index—drove rising cost of living.
Ricardo Sucre is not a fan of beer. He’s a cocktail guy—and more specifically a rum cocktail kind of guy. During the lockdown periods of the pandemic, like many of us, he began turning to the ready-to-drink format to provide escape while many of his favorite local bars in Miami remained closed. The only problem
It seems the restaurant industry just can’t catch a break. After perhaps its most tumultuous period ever navigating disparate regulations and anxious consumers related to the Covid-19 pandemic, the industry is now facing a completely new set of challenges incited by historic inflation. That inflation is hitting consumers from every angle–gas, groceries, rent, name it.
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