Topline The stock market moved lower on Thursday—pushing the S&P 500 to the brink of bear market territory—as investors continued to offload shares following warnings from major retailers about inflationary pressures, which have added to fears about aggressive rate hikes tipping the economy into a recession. Key Facts The Dow Jones Industrial Average fell 1%,
Food & Drink
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
Topline The stock market selloff resumed on Wednesday amid reinvigorated fears about surging inflation weighing on economic growth, as several major retailers have now reported that quarterly profits took a hit due to rising cost pressures. Key Facts The selloff on Wall Street intensified by the afternoon: The Dow Jones Industrial Average fell 2.5%, over
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
Eleven Madison Park, a fine dining restaurant with three Michelin stars that was named the World’s Best Restaurant in 2017, is bringing a luxurious twist to the meal kit space with Eleven Madison Home. The launch of a plant-based meal delivery service comes almost a year after Eleven Madison Park reopened as a plant-based restaurant,
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
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
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
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
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.
Festival Foodies is presented by the Well-Connected 2019 Lincoln MKC. The LA County Fair has been around for almost 100 years and attracts over 1.3 million people in 19 days. From giant curly fries to chicken and waffles on a stick, this festival has something for everyone. Fan Favorite: Biggy’s Hidden Gem: Chicken Charlie’s Wacky
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.
After leaving law school thirty years ago in pursuit of her passion for wine, Court of Master Sommelier certified sommelier Tonya Pitts has worked in some of San Francisco’s top restaurants. As award-winning Wine Director of One Market Restaurant in the Embarcadero district for the past decade, she conducts a 600-selection wine list like Tchaikovsky’s
Topline Markets are so far having one of their worst years in history as investors are whipsawed by rising inflation, tighter monetary policy from the Federal Reserve and Russia’s war against Ukraine, but despite the ongoing volatility, Wall Street analysts see opportunities and recommend a basket of defensive and stable stocks. Key Facts With markets
With its thick, creamy texture, you may easily mistake skyr for yogurt. In reality, skyr is a cheese made from pasteurised skimmed milk, with no cream in it. Þorgrímur Einar Guðbjartsson from Erpsstaðir Creamery in Budardalur, Iceland takes us through the making process of this special cheese. His creamery was first devoted to making ice
When Trey Zoller founded Jefferson’s Bourbon in 1997 in the heartland of bourbon, Louisville, Kentucky, his hometown, he knew he was taking a chance. But that didn’t matter. All he knew was that he wanted to try his hand at crafting the spirit that he had heard about since his youth and that had been
Carl’s Jr. and Hardee’s both have storied histories dating back over half a century, but the quick-service chains are now going through perhaps their biggest transformation yet. Parent company CKE Restaurants Holdings Inc. today announced a holistic reimaging effort that includes everything from updated exteriors to new kitchen equipment to technology upgrades. The effort is
Peter Luger Steakhouse has been a New York City institution for over 130 years. Producer Spencer Alben visits the steakhouse to learn how the family-owned restaurant has survived the ages, and tries to uncover the secret behind their legendary porterhouse. Find more about Peter Luger here: https://peterluger.com/ MORE STEAK CONTENT: What A $400 Gold-Covered Steak
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