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Category Food & Beverage

US inflation eases more than expected to 2.4%; Fed seen staying on hold

US inflation eases more than expected to 2.4%; Fed seen staying on hold

US consumer price inflation eased more than expected in January, offering markets some relief, but signs of firm underlying price pressures, along ...
Burger King overseas surge helps Restaurant Brands beat earnings estimates

Burger King overseas surge helps Restaurant Brands beat earnings estimates

Restaurant Brands International delivered stronger-than-expected quarterly earnings and revenue as Burger King’s international business gained mome...
Why did Kraft Heinz suddenly hit pause on its breakup plan?

Why did Kraft Heinz suddenly hit pause on its breakup plan?

Kraft Heinz surprised markets on Wednesday by pressing pause on plans to explore a potential breakup. For months, the investors were debating wheth...
Heineken to cut thousands of jobs as beer demand slows and growth cools

Heineken to cut thousands of jobs as beer demand slows and growth cools

Heineken has announced plans to cut up to 6,000 jobs globally as part of a new cost and productivity drive, after reporting solid but moderating pr...
Coca-Cola stock slumps as Q4 revenue misses estimates

Coca-Cola stock slumps as Q4 revenue misses estimates

Coca-Cola shares fell on Tuesday after the beverage giant reported quarterly revenue growth that came in below analysts’ expectations, overshadowin...