GOOD DAY FOR: Bucking inflation, as some Seattle-area Starbucks stores are trying out a $1 cup of coffee and free refills on regular drip brew. Starbucks is facing increasing competition in the high-end coffee market from chains like McDonald’s and Dunkin’ Donuts. The $1 8-ounce cup would undercut both those competitors. (Reuters)
BAD DAY FOR: Diets, after Pepsi CEO Indra Nooyi said that Pepsi’s products would do fine in an economic slump as people seek solace in the “comfort foods” sector. “In many ways we are countercyclical,” she said. Along with its soft drinks business, Pepsi also owns the Frito-Lay chip and snack food empire. (Reuters)
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.