Food Financial News

Joey Chestnut will take on Takeru Kobayashi, in the hot dog eating matchup at Nathan's Hot Dog Eating Contest on Labor Day, September 2, reports the 'ABC News'. It will be streamed live on Netflix. «Chestnut vs. Kobayashi: Unfinished Beef,» will be held for the first time since they faced each other way back in 2009. Earlier, chestnut said he learned from the media that he was not allowed to take in this year’s contest because he chose to represent plant-based food giant Impossible Food.

A watchdog report says a Minnesota state agency’s inadequate oversight of a federal program that was meant to provide food to kids created the opportunities that led to the theft of $250 million in one of the country’s largest pandemic aid fraud cases

The U.S. Supreme Court has ruled unanimously to preserve access to mifepristone, the drug most commonly used in medication abortions

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CNBC Make It, Whole Foods CEO Jason Buechel highlighted a critical issue he often observes in employees: an unwavering belief in their own knowledge. Buechel views this attitude as detrimental not only to individual growth but also to the progress of the organization. Buechel emphasized the need for adaptability in today's rapidly changing world, acknowledging his own past struggles with inflexibility. He stressed the importance of considering different perspectives, noting that failure to do so can hinder personal and professional growth.

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Jubilant Foodworks Ltd. traded 0.33 per cent down in Thursday's trade at 01:28PM (IST). Around 31,154 shares changed hands on the counter. The scrip opened at Rs 537.35 and touched an intraday high and low of Rs 543.0 and Rs 532.1, respectively, in the session so far. The stock of Jubilant Foodworks Ltd. quoted a 52-week high of Rs 586.35 and a 52-week low of Rs 420.85.

Mumbai discovered a human finger in an ice-cream cone his sister ordered online. The incident took place in Malad on Wednesday, raising serious concerns about food safety and hygiene standards. The shocking discovery was made by Orlem Brendan Serrao, a 27-year-old doctor, who had consumed half of the butterscotch ice cream when he felt something unusual on his tongue. Upon inspection, he realized it was a human finger. The ice cream had been ordered by his sister via the grocery delivery app Zepto. Mumbai police has registered a case after a customer complained of finding a chopped finger in an ice-cream he had ordered online through an app. Police has seized the severed finger and has sent it for forensic. A case has been registered. Serrao’s sister promptly reported the incident to the police. Initial investigations confirmed that the object found in the ice cream was indeed a human finger. The police have sent the finger for a detailed forensic examination to understand more about its origin.

Varun Beverages Ltd. traded 0.7 per cent up in Thursday's trade at 12:37PM (IST). Around 29,110 shares changed hands on the counter. The counter opened at Rs 1596.35 and touched an intraday high and low of Rs 1596.35 and Rs 1557.25, respectively, in the session so far. The stock of Varun Beverages Ltd. quoted a 52-week high of Rs 1596.35 and a 52-week low of Rs 754.35.

On the BSE, Sanofi India(down 35.09 per cent), Shelter Infra(down 10.00 per cent), Bothra Metals(down 9.93 per cent), Atharv Enterprises(down 9.27 per cent) and Suryo Foods Ind(down 9.15 per cent) were among the stocks that plunged over 5 per cent during the session.

Senators criticized top federal officials over the rise of illegal electronic cigarettes in the U.S., a multibillion-dollar business that has flourished in recent years

Sony Pictures Entertainment is getting into the exhibition business

Food authorities in Denmark have recalled three types of spicy instant noodle products imported from South Korea over possible risks for “acute poisoning.”

India has marginally positive new data on the economic front. Retail inflation edged lower to 4.75% in May from 4.83% in April. Meanwhile, industrial output in April clocked a healthy 5% expansion, though it marked a decline from 5.4% in March.

Retail food inflation remained flat at 8.69% on year in May 2024 compared with 8.7% in April as the prices of vegetables, pulses and cereals continued to be elevated.

The announcement comes after a Labor Department report showed that inflation slowed more than expected in May, even as prices remained high for millions of Americans.

Jack Otter and ‘Barron’s Roundtable’ senior writer Nicholas Jasinski discuss how rate cuts are looking unlikely for 2024.

The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year.

A key measure of underlying US inflation stepped down for a second month in May, a pleasant surprise for Federal Reserve officials looking for signs that they can start to lower interest rates.  

This was lower than the flatline growth economists had predicted. Meanwhile, core inflation, which excludes volatile prices for food and energy, sat at 3.4%, also slightly below the expected 3.5%. According to the US Bureau of Labor Statistics, food prices rose 2.1% over the last twelve months, while the energy index increased by 3.7% during the same period. Fed rate cut 'off the table' as US economy adds 272,000 jobs Richard Flynn, managing director at Charles Schwab UK, said the drop provides evidence that monetary policy is «having its intended effect», while bringing the econom...

Federal Reserve officials on Wednesday will likely make official what’s been clear for many weeks: With inflation sticking at a level above their two per cent target, they’re downgrading their outlook for interest rate cuts.