Category Archives: CNN – Business

Meatless Farm breaks into booming US market with Whole Foods deal

A plant-based burger company from the United Kingdom wants a slice of the hot market for meat alternatives in the United States. Meatless Farm, which is based in Leeds, has signed an exclusive distribution deal with Whole Foods to sell its products at US stores for six months starting this summer, the British company said…MORE

A ‘Museum of Weed’ is coming to Hollywood

A 30,000-square-foot cannabis museum is coming to Hollywood. Weedmaps, a Los Angeles-based cannabis technology and media company, is behind the new museum, which is aimed at destigmatizing cannabis and will open later this summer. “We’re at this point now where there is some cannabis normalization,” Weedmaps CEO Chris Beals told CNN Business, “where they’re already…MORE

Meal kits, Kombucha and snacks for delivery: Convenience stores are getting a makeover

America’s convenience stores are trying to shake off their reputation as gas stations with hot dogs on rollers and Slurpees inside. On Monday, 7-Eleven said it would start delivering to “hot spots,” including parks, beaches and other public locations through its year-old 7-Now delivery app. 7-Eleven’s move, which is similar to Domino’s beach delivery launch…MORE

Abigail Disney and George Soros say: Tax the wealthy more

More than a dozen of the richest Americans have a message for 2020 presidential candidates: Tax us more. In a letter sent to candidates Monday, 18 members of some of the nation’s wealthiest families advocated for a wealth tax on people who amassed great personal fortunes, including themselves. “We are writing to call on all…MORE

The Dow failed to hit a new record high

The Dow failed to hit a record high on Monday, finishing the day just barely in the green. The Dow closed flat, up only 8 points. It sits 0.4%, or 101 points, below the all-time closing high it recorded in October, according to Refinitiv. The S&P 500 and the Nasdaq Composite both finished lower, down…MORE

10 years later, America’s booming economy still bears scars of the Great Recession

As the United States nears its longest economic expansion on record, it’s tempting to proclaim that all the problems brought about by the Great Recession have been fixed. That would be wrong. Despite the currently healthy economic figures, from unemployment to foreclosure rates, under the surface the country still bears bruises from the financial crisis.…MORE

McDonald’s started using fresh meat. Here’s what happened to sales

Fresh beef is helping McDonald’s sell more burgers and gain market share. Last year, the burger chain switched to fresh beef quarter-pound burgers from frozen at most of its stores in the contiguous United States. That change has led to a 30% spike in sales of quarter pounders on average over the past 12 months,…MORE

Coca-Cola partners with a Chinese dairy company to sponsor the Olympics

Coca-Cola has teamed up with a Chinese dairy company to sponsor the Olympics until 2032. The International Olympic Committee announced the mega partnership between the US beverage giant and China Mengniu Dairy on Monday. The joint advertising deal covers the 12 years leading up to 2032, which includes four Summer Olympics and two Winter Olympics.…MORE

Eldorado is buying Caesars to form America’s largest casino business

Eldorado Resorts is buying Caesars Entertainment to create the largest gaming company in the United States. Eldorado Resorts said Monday it has agreed to buy its larger rival in a cash and stock deal worth $17.3 billion, which includes Caesar’s mountain of debt. The announcement comes three months after billionaire investor Carl Icahn joined Caesars’…MORE

These experts think oil demand won’t peak until 2035

Global oil demand is likely to keep rising for at least another 15 years before Asia’s fast growing economies catch up to the shift from hydrocarbons to electric power, a leading consultancy said on Monday. “At some point in the next 20 years, it’s likely we’re going to see oil demand peak. Our own view…MORE