Money Minute: Starbucks Offers Another Type of Charge


Starbucks (SBUX) has a new, highly charged offering on the menu, and it's caffeine-free. The coffee chain is teaming up with Duracell to offer wireless charging of cellphones. Customers in the San Francisco and Boston areas will be the first to simply put their phones on the table and get a free charge without using any plugs or cables. It will roll out to the rest of the country over the next three years.

Google (GOOG) wants to move beyond searches for Beyonce and the Tea Party, and expand its investment in clean energy. Bloomberg reports the company is building both the hardware and software for a "smart grid" to help utilities improve the delivery of energy across the country. The idea is to make the grid more flexible so that it can use alternative energy sources such as wind and solar to adjust for the ups and downs in energy usage.

We all know that economic growth was very sluggish last year, but new government figures show a handful of states enjoyed robust growth. Most of them are smaller population states in the western half of the country. Idaho was No. 5 on the list. The other fast-growing states were Oklahoma, West Virginia, Wyoming and No. 1, North Dakota. The North Dakota economy grew by nearly 10 percent, thanks to the boom in oil production.

Here on Wall Street on Wednesday, the Dow Jones industrial average (^DJI) fell 102 points -- retreating from Tuesday's record high -- the Nasdaq composite (^IXIC) dropped 6 points, and the Standard & Poor's 500 index (^GPSC) lost nearly 7.

Finally, Coca-Cola (KO) is about to launch a new a cola with a third less sugar and calories than the regular version. But the biggest change is on the outside. The can of Coca-Cola Life isn't the usual bright red Coke is known for -- it's green. The new product has been tested in Argentina and Chile and will go on sale in Great Britain in September. No word yet if it will be sold in the U.S.

-Produced by Drew Trachtenberg.

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The Dynamic Grid sensible ventures has been working on along with the Solar Energy Program "Solar Transfer" will be the answer to many of tomorrow's energy needs.

June 12 2014 at 12:43 PM Report abuse +1 rate up rate down Reply

Free wireless? With an overpriced cup of coffee. Sure that will inspire sales. In a coffee shop where you want them in and out and next. Because your going for volume. The corporate heads need to get out more. Lets watch the bottom line to test that theory.

June 12 2014 at 9:20 AM Report abuse -1 rate up rate down Reply
1 reply to PsychedelicSpell's comment

I guess Starbucks loves their customers so much, they want them to move in.

June 12 2014 at 1:06 PM Report abuse -1 rate up rate down Reply