|Day's Range||88.45 - 91.60|
Andy Gordon became the CEO of Coffee Holding Co., Inc. (NASDAQ:JVA) in 1997. This analysis aims first to contrast CEO...
Investors in Luckin Coffee, a Beijing-based company that hopes to topple Starbucks, have grounds for celebration today. Luckin started trading on the Nasdaq, where it opened at $25 a share, well above the company’s IPO price of $17. Luckin’s main offering is its smartphone app, which lets customers purchase coffee for delivery or pickup at nearby locations and gives the company crucial data on regional tastes.
Gone are the days of fetching coffee and running errands, at least for some internships. The highest-paid interns in America earn more than double the wage rate of the average US worker, according to job-reviews site Glassdoor.
JAB Holding Co, the majority owner of Keurig Dr Pepper Inc, plans to sell a small stake in the coffee and beverage company to increase its public float, the company said. Family-owned JAB Holding combined its Keurig coffee business and the publicly-traded soft drinks company to create Keurig Dr Pepper last year, which helped the conglomerate expand into the soft-drinks business. Shares of Keurig Dr Pepper fell 1.5% to $29.12 in early trading.
Valued at more than $2 billion in its last funding round, the coffee chain has aspirations to unseat Seattle-based Starbucks as China’s dominant coffee chain. Luckin is pricing the shares its offering between $15 and $17, and hopes to raise more than $500 million. Some have argued that Luckin is as much a tech company (paywall) as it is a drinks business.
Deepening its trade battle with the U.S. and sending financial markets spinning, China announced tariff hikes Monday on $60 billion of American goods in retaliation for President Donald Trump's latest penalties on Chinese products. Punitive charges of 5% to 25% on thousands of American products including batteries, spinach and coffee will take effect June 1, the Finance Ministry said. NEW YORK (AP) -- The Dow Jones Industrial Average plunged more than 600 points Monday as investors sought shelter from an escalating trade war between the U.S. and China.
Of all the distractions that come with working in an office, the biggest is not the room temperature or the traffic sounds from outside. The sound of coffee being made is a moderate to very high distraction for only 26%, while 46% said they were distracted by pets in the office (which was less than the 53% who reported moderate to very high distractions caused by visiting children). The global study of designs and distractions in offices surveyed 5,150 employees who work at least three days minimum in a corporate environment.
A roasting company in California is offering coffee lovers the chance to try the world’s most expensive cup of coffee for a limited time.
It is one of the first things we know about coffee – that Fairtrade is better than regular brands – but what does that mean exactly and do the farmers really benefit? Coffee farming in Africa has captured the imagination of the Western World more easily than, say, banana, barley, or peanut farming, but are we just salving our conscience by choosing the Fairtrade label or are we actually doing good? One Irishman (and his fellow Irish partner) are enabling real support for coffee farmers and using blockchain to prove the supply chain. This is the story of how a trek in Uganda opened up a new vista and launched a new project. Killian Stokes is currently an adjunct lecturer The post Coffee is waking up and smelling the blockchain appeared first on Coin Rivet.
Starbucks aims to give consumers and farmers more data on its coffee products using a blockchain service from Microsoft.
The truth may be that our preferences for caffeine or alcoholic beverages -- or indeed sugary sodas -- derive not so much from the way they taste but how they make us feel, according to a new study by genetic scientists at Northwestern University that was published in Human Molecular Genetics on Thursday. In her latest work,Marilyn Cornelis, who has published previously on the genetics of coffee consumption, set out to determine which taste genes are responsible for what we drink, she told AFP. "The genetics underlying our preferences are related to the psychoactive components of these drinks," said Cornelis.
Yesterday, JP Morgan Chase sparked Twitter rage when it tweeted (since deleted) the question: “why is my balance so low” and responded that people should be more mindful with their spending, by cutting out coffee, dining out, and short taxi rides. Chase may not be the best messenger, since its history of charging high fees to low-income customers is one reason their bank balance is low. It also pays executives, like CEO Jamie Dimon, lavish salaries.
Additional production costs like roasting, grinding, packaging, and labor are contributing to the price hike at the coffee bar.
As the April 26 release of Avengers: Endgame, the latest movie in the popular Marvel franchise, coincides with the ongoing final season of Game of Thrones (GoT), it’s a great time to be a pop culture merchandiser in India. After the new season of HBO’s GoT premiered on April 16, sales of T-shirts, coffee mugs, and other products themed on the fantasy show have multiplied at e-commerce firms Myntra, Redwolf, and The Souled Store, which sell its official merchandise in India. Since the first episode of the season, Myntra’s GoT merchandise sales have doubled, and those at The Souled Store have quadrupled, compared with the whole of March, statements from the companies said.
Coca-Cola is planning to launch Coca-Cola Coffee in 25 markets by the end of the year. The drink blends Coke soda with coffee in a bid to appeal to consumers who want less sugar in their drinks but more caffeine. Ready-to-drink coffee is the fastest-growing segment in the coffee category, growing 31% in 2016 and 2017, according to Mintel.
The world’s largest food company, Nestlé, is buzzing. The Swiss packaged food giant posted first-quarter earnings today, revealing that sales rose by 4.3%, beating analyst expectations. Coffee played a big role in the results—specifically, Starbucks coffee.
HANOI/BANDAR LAMPUNG (Reuters) - Coffee trading has been slow this week in Vietnam due to weak prices, while elections in Indonesia saw traders keep to the sidelines.
Investing.com - Keurig Dr Pepper (NYSE:KDP) slumped in midday trading following an analyst downgrade that highlighted concerns about its main coffee business.
Climate marchers handed in a lawsuit to Shell's headquarters in the Netherlands on Friday aimed at forcing the oil giant to meet targets in the Paris accord. Dozens of chanting activists went to the Anglo-Dutch firm's base in The Hague, where they delivered a legal summons with a court date set for April 17. Shell greeted the protesters with coffee from an electric drinks van.
The Brazilian government is considering offering put options to coffee producers as a way to shore up prices at a 13-year low and assure a minimum income for struggling farmers, two people with knowledge of the talks told Reuters on Thursday. The program, if approved, would give producers the right to sell their crops to the government at a fixed price, setting a floor for coffee prices in the world's largest coffee producer and exporter. Producers have been pressuring Brasilia to offer put options and rebuild government bean inventories that had been sold off earlier this decade.