Business Briefs: Spike in sales of books on anxietyPosted: Updated:
Here's a look at your top business and tech headlines from Cheddar on News 12:
-This week on Wall Street, we'll see earnings from Snapchat, Disney and 21st Century Fox. Samsung will also hold its annual Unpacked event in New York City, where it's set to reveal details about its new Galaxy device.
-Heinz is playing catch-up when it comes to recycling. The company says it plans to make all of its packaging 100 percent recyclable, reusable or compostable by 2025. The food giant will partner with experts to developing new packaging over the next seven years, it says. It could mean major changes to some of the company's most iconic packaging, including its ketchup packets, Capri Sun pouches and Kraft cheese wrappers.
-The numbers are in: Americans are into their cocktails. And like with food, Americans are trending toward smaller booze brands that are marketed as healthy or locally made. Last year marked the first time that Americans were more likely to order cocktails and wine than beer. According to trade group the Beer Institute, drinkers order beer just under 50 percent of the time, down from 60 percent in the mid-90s. The drop is even more pronounced among younger consumers.
-Americans are also apparently rather anxious. Barnes & Noble says sales of books related to anxiety are up more than 25 percent this year. According to CNBC, some of the top sellers include "The Anxiety & Phobia Workbook," and "The Anxiety Toolkit: Strategies for Fine-Tuning Your Mind and Moving Past Your Stuck Points." Experts say the good news is that people are looking for ways to cope and feel better.