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Starbucks move into the food industry is helping its bottom line and diamonds may be the way to a woman's heart, but what does it have to say about our economy? Here's the Friday Bloomberg After The Bell Report from the New York Stock Exchange.
Starbucks stock hit an all-time high Friday after saying sales of food items helped drive profit. And to keep you in stores longer, Starbucks is also testing wireless charging for customers, which would be as simple as placing your phone on a Powermat on the table.
What do diamonds say about our economy? De Beers, the world's largest diamond producer expects the diamond market to grow faster this year because of stronger U.S. consumer demand.
The Cheesecake Factory is known for its big-portioned dishes, but it looks like smaller portions are catching on. The restaurant chain says its' lower calorie Skinnylicious menu appears to be a big hit with baby boomers who are looking to eat lighter and watch their calories.
Stocks were little changed with the S&P having its first weekly drop in more than a month. This comes ahead of Central Bank meetings next week as well as the July jobs report on Friday, which may show 185,000 workers being added to payrolls.