Instacart Targets $8.6 To $9.3 Billion Valuation In IPO
The Wall Street Journal is reporting that according to sources familiar with the matter, Instacart, the grocery delivery service, is targeting a valuation of $8.6 billion to $9.3 billion for…
China’s Laoshan Mineral Water Company Looks To Kyrgyzstan Glaciers As A Supply For Europe
Kyrgyzstan’s Prime Minister Akylbek Zhaparov said during a visit to China this week that his nation is prepared to begin exporting drinking water made from its glaciers to Beijing. The…
Spanish Food Prices Soar
In July, Spanish food prices soared by 30.8% compared to the same period in 2019, prior to the Covid-19 outbreak, according to a report in El Mundo on Friday, which…
Bud Light Sales Continue To Decline Over Transgender Influencer Controversy
Months after a massive backlash against American beer brand Bud Light over its social media promotion with controversial transgender influencer Dylan Mulvaney, sales of the iconic brand are continuing to…
US To Escalate Dispute With Mexico Over Its GM Corn Ban
On Thursday, Bloomberg news reported that the United States is about to escalate its claim that the ban on genetically modified corn which Mexico implemented is a violation of the…
Rice Prices Globally Near 15-Year Highs
Following an announcement by India that it would begin restricting shipments of rice, rice prices have surged to their highest levels in nearly 15 years as concerns over global supplies…
BoE Warns Britons That Food Prices Will Remain High
Chief Economist of the Bank of England, Huw Pill has warned that even as the surging inflation which has crippled the British economy begins to slow, it is expected that…
Cocoa Prices Soar As Supply Is Threatened And Stocks Deplete
Last week, key chocolate-making ingredient cocoa saw prices rise to a 12 year high, as concerns grow for future production while present stocks have already begun to dwindle. In New…
Starbucks Reports Hot Results From Cold Drinks
Starbucks (SBUX) has been focusing on the cold to produce hot results. In the coffee seller’s fiscal third quarter results, its cold beverage business reached 75% of total drink sales.…
As Producers Raise Prices, Inflation-Strapped Consumers Shrink Volumes
Kraft Heinz’s (KHC) latest quarterly report shows that as companies are raising their prices, shoppers are pulling back in response to the higher prices. The producer of Velveeta, Oscar Mayer,…
