A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
As the U.S. celebrates National Coffee Day on Monday, where exactly are the biggest coffee markets?
Of 80 countries measured by the Euromonitor International market research firm, the U.S. purchased the most coffee in retail stores by volume.
Last year, Americans bought 797,000 tons of coffee, followed by Brazil at nearly 676,000 tons and Germany at 375,000 tons. On a per-capita basis, Brazil is tops since its population is smaller.
At the other end, China, the world's most populous country, bought just 44,000 tons of coffee.
Within the coffee market, pod sales have surged. As of the year ended Aug. 23, they now account for 33.9 percent of U.S. coffee sales in all measured retail channels, up from just 9.5 percent, according to Nielsen data, which does not include restaurants or Costco.
"This is the first year that it's outsold other types of coffee," Nielsen's Meg Chari said.
"If it's coffee or other things, they're looking for convenience," Chari said. "That's why we've seen the growth of all sorts of convenience breakfast products."
Recently, coffee has come into greater focus at restaurants as chains seek to expand their breakfast business and promote coffee heavily.
Last month, chicken chain Chick-fil-A touted the arrival of the fast food "industry's first-ever specialty-grade coffee." McDonald's has heavily promoted its breakfast offerings through free coffee giveaways as it faces increased competition in the breakfast category from Yum Brands' Taco Bell menu, which launched earlier this year.
Of all foods and beverages, coffee remains the top item consumed at breakfast, according to the NPD Group. In the year ending in August, coffee servings ordered at U.S. restaurants rose 5 percent to 7.9 billion.
Coffee's growth is noteworthy in light of the ho-hum overall restaurant landscape as many chains are struggling to perk up customer traffic.