Categories
Business

Starbucks is selling a new chocolate-flavored coffee

Beginning Tuesday, the coffee chain is adding a new chocolate cream cold brew to its menus. The drink features cold brew coffee topped with a “light, sweet and silky” chocolate cream cold-foam and is sweetened with vanilla syrup. The new offering is inspired by “nostalgic summer moments,” Starbucks said in a press release. “The classic […]

Categories
Business

Mercedes Says It Can’t Make EVs Fast Enough

photo: Mercedes Mercedes isn’t having trouble selling electric cars, Tesla has a new recall, and Lucid is going to Europe. All that and more in The Morning Shift for May 10, 2022. 1st Gear: Mercedes’ EV Business Is Strong I’m not really sure what to make of this, other than virtually any new car today […]

Categories
Business

US Stocks Turn Lower, Extending Selloff

US stock indexes rebounded early Tuesday, before dropping back into negative territory, following three days of punishing declines. The S&P 500 was recently down 0.5% in morning trading, a day after the broad index slumped 3.2% to its lowest level for the year. The technology-heavy Nasdaq Composite dropped 0.4% while the Dow Jones Industrial Average […]

Categories
Business

Netflix Tells Employees Ads May Come by the End of 2022

Netflix could introduce its lower-priced ad-supported tier by the end of the year, a more accelerated timeline than originally indicated, the company told employees in a recent note. In the note, Netflix executives said that they were aiming to introduce the ad tier in the final three months of the year, according to two people […]

Categories
Business

Roughly 100 Orthodox Jews say they were booted from German flight after dispute

Check out what’s clicking on FoxBusiness.com. About 100 Orthodox Jews from New York making their way to Europe for a religious pilgrimage said they were banned from a flight in Germany because just a few were not wearing masks. “Due to operational reasons coming from the flight from New York, for all passengers here we […]

Categories
Business

Peloton is burning through cash and borrowing like crazy to stay afloat

The once-hot company reported a dismal quarterly financial report Tuesday, with sales tumbling 15% from a year ago. Peloton lost $757 million last quarter. Platoon (PTON) said it had just $879 million in cash in the bank at the end of the quarter, which has left it “thinly capitalized,” CEO Barry McCarthy said. That forced […]