Coffee giant Starbucks has posted its first quarterly financial growth for its US arm in two years giving rise to suspicions that recession-weary consumers are beginning to spend again.
"Starbucks Corp posted its first quarterly rise in U.S. same-store sales in two years, signaling that recession-weary consumers are spending more on small, daily luxuries. Shares in the company, which also raised its 2010 earnings forecast after fiscal first-quarter profits topped Wall Street expectations, rose nearly 3 percent in extended trade. The coffee chain's latest financial report pointed to a return to growth in the company's crucial U.S. market. Sales at U.S. restaurants open at least 12 months rose 4 percent during the quarter ended December 27, boosted by the company's new Via instant coffee, holiday drinks and select price increases. The last time Starbucks posted a gain in U.S. same-store sales was the fiscal fourth quarter ended September 2007. Chief Financial Officer Troy Alstead told Reuters the same-store sales improvement was both broad-based and sustainable. ‘It still is a luxury you can afford. You're not giving up your retirement to be able to enjoy that great experience every morning,’ he said of the $3 and $4 espresso drinks that are the backbone of the Starbucks' business."
These five main food groups are important for your brain's health and likely to boost the production of feel-good chemicals.
We all know eating “healthy” food is good for our physical health and can decrease our risk of developing diabetes, cancer, obesity and heart disease. What is not as well known is that eating healthy food is also good for our mental health and can decrease our risk of depression and anxiety.
Infographics show the classes and anxieties in the supposedly classless U.S. economy.
For those of us who follow politics, we’re used to commentators referring to the President’s low approval rating as a surprise given the U.S.'s “booming” economy. This seeming disconnect, however, should really prompt us to reconsider the measurements by which we assess the health of an economy. With a robust U.S. stock market and GDP and low unemployment figures, it’s easy to see why some think all is well. But looking at real U.S. wages, which have remained stagnant—and have, thus, in effect gone down given rising costs from inflation—a very different picture emerges. For the 1%, the economy is booming. For the rest of us, it’s hard to even know where we stand. A recent study by Porch (a home-improvement company) of blue-collar vs. white-collar workers shows how traditional categories are becoming less distinct—the study references "new-collar" workers, who require technical certifications but not college degrees. And a set of recent infographics from CreditLoan capturing the thoughts of America’s middle class as defined by the Pew Research Center shows how confused we are.
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