President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Dissatisfied with fast-food menu options, and higher prices at health-minded restaurant chains, Everytable CEO Sam Polk embarked on a mission to make nutritious meals convenient and affordable for all.
Founded in 2015, Everytable has established a Los Angeles beachhead with five restaurants in the area. It serves up meals made from whole ingredients that are never fried, and are free of artificial flavorings and colors. The meals cost $5 or $8 dollars, with customers in high-income neighborhoods paying the slightly elevated price. Now the company has landed a $5.3 million investment from a group of big-name investors, including Kimbal Musk, brother of Tesla CEO Elon and an entrepreneur in his own right.
“There is an explosion of demand for healthy food across the country being met by some incredible fast casual brands like SweetGreen, DigIn and others. Those are healthy meals at twelve to fifteen bucks. But if your budget drops to a five to eight dollar price point, there are only two quasi-healthy players, Chipotle and Subway. They are like 90s definition of health.”
The CEO believes that Everytable, which is a public benefit corporation, can one day achieve the scale of huge food franchises like McDonald’s or Taco Bell, but with a focus on accessible nutrition.
In order to sell healthful foods for relatively low prices, Polk said that Everytable has to leverage software and data analytics at every turn. It tracks data about which meals it sold and where, obsessively, to be able to forecast demand and avoid wasting food.
Instead of housing a commercial kitchen at each location, Everytable sends prepared meals out from a central kitchen to its smaller storefronts. That allows the company to spend less on real estate, and more on ingredients and labor.
To keep track of how well they’re doing, Everytable restaurants each feature a digital mood-measuring kiosk. Customers are asked to tap a smiley or frowny face on a screen to give feedback on the spot.
Apart from Kimbal Musk, investors include social impact investors Acumen, Maria Shriver and TOMS Social Enterprise Fund, among others. Its newly raised venture funds should help Everytable grow in and beyond Los Angeles, Polk said.
Acumen’s Markeze Bryant said: “Everything this company does is about delivering a product to the consumer on the most efficient basis. So even though it’s a food business with a social mission we see it as a tech company. There's a lot of innovation around ordering, forecasting, pricing and everything else it takes to deliver savings, and ultimately good health, to the customers.”