New York (CNN Business) Coca-Cola has another new flavor. This time, it got some help. The latest product out of Coca-Cola Creations — Coke's innovation platform, which brought us starlight and pixel-flavored sodas — is a collaboration with Marshmello , a masked DJ and electronic music producer. If you think the artist worked with Coke to develop a marshmallow-flavored beverage, you're wrong. Instead, the new flavor has notes of strawberry and watermelon, Marshmello's favorites. "For our third Coca-Cola Creations drop, we sought to add an unexpected remix of flavors to a great Coca-Cola taste," said Oana Vlad, senior director of global strategy at the company, in a statement announcing the collaboration Wednesday. "We created a vibey blend of my favorite flavors in this all-new mix," Marshmello said in a statement. "I think it tastes amazing and I hope fans love it too." Coca-Cola's new flavor was created in collaboration with … [Read more...] about Coke has a new flavor. It took inspiration from McDonald’s
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- A + A MADRID (June 29): World Bank chief economist Carmen Reinhart said she is skeptical that the U.S. and global economies can dodge a recession, given spiking inflation, sharp hikes in interest rates and slowing growth in China. Reinhart, who returns to Harvard University on July 1 after a two-year public service leave, said it was historically a tall order to reduce inflation and engineer a soft landing at the same time, and recession risks are clearly a "hot topic" at the moment. “What worries everybody is that all the risks are stacked on the downside," Reinhart told Reuters in a remote interview, citing a series of adverse shocks and moves by the Federal Reserve to raise interest rates after a decade and a half of ultra-low and negative rates. The global financial crisis of 2008-2009 affected mostly a dozen advanced economies and China at that time was a big engine of growth, but this crisis is far broader and China's growth is no longer in the double … [Read more...] about World Bank’s Reinhart ‘skeptical’ global recession can be avoided
Jerome Powell (Bloomberg filepix) - A + A (June 29): Federal Reserve Chair Jerome Powell said the US economy is in “strong shape” and the central bank can reduce inflation to 2% while maintaining a solid labour market, even though that task has become more challenging in recent months. He also vowed to ensure rapid price increases don’t become entrenched, saying that “we will not allow a transition from a low inflation environment to a high inflation environment”. “We hope that growth will remain positive,” Powell said during a panel discussion Wednesday during the European Central Bank’s annual policy forum in Sintra, Portugal. Household and business finances are also in solid shape, and “overall the US economy is well positioned to withstand tighter monetary policy.” Raising interest rates without sparking a recession “is our aim and we believe there are pathways to achieve that,” Powell said, reiterating comments he’s made this month after the Fed on June … [Read more...] about Powell says US economy in strong shape, Fed can avert recession
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) A growing number of investors have come to the conclusion that a recession in the United States is probably looming, fueling a sharp sell-off in stocks and bonds as Wall Street braces for impact. What's happening: A shallow recession late this year or early next year is "becoming the consensus view," David Bianco, DWS chief investment officer for the Americas, told reporters this week. While there's agreement that the Federal Reserve needs to continue to aggressively pull back support for the economy to tamp down decades-high inflation, traders have been increasingly concerned that the central bank could accidentally go too far, triggering a new wave of job losses and throwing growth into reverse. But Fed officials … [Read more...] about Who’s right about a recession — markets or the Fed?
My water bottle is manipulating me. I just filled it up with tap water, so I know for a fact that I’m drinking plain H2O, but against all odds, I’m tasting notes of lemon-basil. That’s because this isn’t a regular water bottle, and while I think I’m tasting lemon-basil, I’m actually smelling it. advertisement advertisement Between 75% and 95% of what we taste comes from our sense of smell. That’s why food can taste bland when you have a stuffy nose, or why you can’t recognize the exact flavor of a jelly bean if you pop it in your mouth while pinching your nose . Armed with this knowledge, hydration company Air Up has designed a unique water bottle that uses gently scented pods to fool you into thinking you’re drinking flavored water. Air Up launched in the U.K. in 2019, turning profitable in its first two years. Spurred by investors like PepsiCo and Ashton Kutcher, the brand is now launching in the U.S. with 10 flavors, including watermelon, peach, … [Read more...] about I tried a $40 water bottle that flavors tap water using nothing but scent
Park Hae-il [CJ ENM] In Park Chan-wook’s “Decision to Leave,” actor Park Hae-il portrays the unprecedented: a gentlemanly police detective who begins to fall for a suspect in his murder case. Park Hae-il's casting was equally unique in the sense that Park Chan-wook and screenwriter Jeong Seo-kyung approached him for the role before the script was even completed. “When I met Park Chan-wook [for the casting], he just explained the narrative nonstop, for a full hour or so” because the script was incomplete, the actor said at a press interview at a cafe in Samcheong-dong, central Seoul, on Friday. “Although [my character, Hae-jun] is a police detective, he is reserved, polite, dignified and proud of what he does. As I pieced the images together in my head, it was a kind of character that I’d never imagined. Hae-jun, portrayed by Park Hae-il, on a stakeout to watch Seo-rae, portrayed by Tang Wei, as she is a suspect in the death of her husband. [CJ ENM] “I knew that they … [Read more...] about Actor Park Hae-il portrays the unprecedented in ‘Decision to Leave’
Share to Twitter Share to Linkedin For anyone who writes on the state of the world, the approach of Christmas brings with it the near obligation to sketch out the events and happenings of the year ahead. Last year, I took a traditional though cynical approach when I wrote Drinking with Dickens , the aim of which was to imagine what a vision of the year ahead would look like, whilst under the influence of some of Charles Dickens favourite drinks (i.e. ‘Smoking Bishop’). In the end, some of my comments (‘higher inflation’, ‘tension in Asia’ and ‘Boris resigns’) came close to the mark. The Folly of Forecasting This year, I have a less weary approach, partly because there are so many new, emerging trends, partly because the world is opening up travel wise and partly because there is so much at stake. The real world remains stranger than fiction, though to join the two I have added some book recommendations. JK Galbraith wrote that the only role of … [Read more...] about 2022 – What’s Next?
Jerome Powell (Bloomberg filepix) - A + A (June 29): Federal Reserve Chair Jerome Powell said the US economy is in “strong shape” and the central bank can reduce inflation to 2% while maintaining a solid labor market, even though that task has become more challenging in recent months. He also vowed to ensure rapid price increases don’t become entrenched, saying that “we will not allow a transition from a low inflation environment to a high inflation environment.” “We hope that growth will remain positive,” Powell said Wednesday during a panel discussion at the European Central Bank’s annual policy forum in Sintra, Portugal. Household and business finances are also in solid shape, and “overall the US economy is well positioned to withstand tighter monetary policy.” Raising interest rates without sparking a recession “is our aim and we believe there are pathways to achieve that,” Powell said, reiterating comments he’s made this month. The Fed on June 15 raised … [Read more...] about Powell says Fed can avert recession but task getting tougher
- A + A LONDON (June 29): A new set of ESG debt guidelines is likely draw a line in the market for sustainability-linked bonds, as investors are offered clear metrics to determine which products to buy and which to avoid, according to analysts at Morgan Stanley. SLBs, which tie a bond’s coupon to an issuer’s performance on sustainability targets, have faced a barrage of criticism amid concerns that the metrics set are often too weak. Regulators have yet to enforce strict parameters for the SLB market, but the industry itself is now stepping in. On Tuesday, the International Capital Market Association published updated guidance for SLBs. The voluntary rules spell out how to select appropriate metrics, as well as penalties if those metrics aren’t met. “We expect that new SLBs that follow these better practices will benefit from strong demand and outperform pre-existing SLBs that have weaker structures and targets,” Morgan Stanley analysts including Carolyn L Campbell … [Read more...] about Morgan Stanley warns of ESG bond fallout amid new guidelines
- A + A HONG KONG/LONDON/BENGALURU (June 29): The latest easing of coronavirus travel rules combined with other encouraging policy signals have began luring some foreign investors back to Chinese stocks, raising the chances that the market can sustain its bounce after months of heavy selling. As the S&P 500 is about to close its worst first half of any year since 1970 and bonds have taken a thrashing, China's beaten-down equity markets start looking like a shelter from a global storm of runaway inflation, interest rate hikes, and recession fears. China's blue-chip CSI300 index is up about 20% from April lows, as is the Shanghai Composite after losses of more than 10% in the first quarter. The gains, together with the relaxation of lockdowns and signals that Beijing could ease up both on virus policies and regulatory clampdowns, have tempted money managers, who were quitting China en-masse in March, to return. Those who were on the sidelines, "have shown some … [Read more...] about Easing Covid-19 rules, growth focus aid China bulls’ cautious return