The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
The European company that bought Panera Bread and Au Bon Pain is expanding its coffee empire.
JAB Holding, a privately held company and investment arm of the wealthy Reimann family, owns such brands as Keurig Green Mountain, Krispy Kreme Doughnuts and Peet's Coffee & Tea.
The company, which has been steadily building a coffee and breakfast empire over the last five years, said Thursday it has made a major investment in the launch of online craft coffee retailer Trade.
Trade aims to make buying specialty coffee simple. The brand's website features more than 400 roasts, each with a description of where the coffee was sourced, its flavor profile and how best to brew it.
For those looking to experiment with their morning cup of Joe or are new to the coffee world, Trade can make recommendations based on shoppers' taste preferences and how they usually make coffee at home. The brand also sells coffee makers, presses and grinders.
"By uniting premier coffee roasters with consumers across the United States in an engaging and convenient way, JAB is confident the Trade Coffee platform will elevate the coffee experience for the at-home brewer," Bart Becht, partner and chairman at JAB, said in a statement.
JAB is no stranger to the coffee business. It began building its position in coffee and breakfast in 2012 when it took a stake in D.E. Master Blenders and bought Peet's Coffee & Tea for $974 million and Minnesota-based Caribou Coffee for $340 million.
In the years that followed, JAB would go on to spend billions expanding its coffee empire.
Eventually in 2013, JAB agreed to pay $9.8 billion to purchase D.E. Master Blenders. That company became Jacobs Douwe Egberts when JAB merged it with the coffee division of Mondelez International in 2015, which it bought for around $4 billion.
JAB in 2014 scooped up Einstein Bagels' parent company, Espresso House and Baresso Coffee.
In 2015, JAB purchased Keurig Green Mountain for $14 billion and coffee roaster and retailer Stumptown Coffee and coffee bar chain Intelligentsia coffee. The next year, Krispy Kreme was added to the portfolio.
Then in 2017, it scooped up Panera Bread for $7.5 billion and Au Bon Pain for an undisclosed sum later that year.
The coffee market has become more saturated in recent years, with chains like Dunkin' Donuts and McDonald's stepping up their game by launching cold brew and other, more upscale beverages, as well as ready-to-drink coffees in grocery and convenience stores.
Starbucks, too, has been making major investments in its beverages to steal market share, adding blonde roast espresso to its nationwide cafes and rare blends at its Roastery and Reserve Store locations.
Investing in Trade gives JAB one more foothold in the coffee market, this time online. Shoppers have begun to shift their spending online, opting for delivery rather than schlepping to stores.
While other coffee brands do sell online, Trade offers a more curated selection of coffees. Not to mention, coffee giant Starbucks ditched its online store in October in favor of creating in-person experiences with customers.
Trade's coffee selection of freshly roasted beans ranges from $7.50 to $54 per package. It says all beans are shipped within 24 hours of being roasted and arrive between two to four days from the roast date.