Mission Pizza Spot Shuggie's Ditches the Trash Pie and That Bright Yellow Room
Shuggie's Trash Pie + Natural Wine will soon ditch its pizzas and change up its food offerings. The San Francisco Chronicle reports that owners Kayla Abe and David Murphy will temporarily close their popular restaurant on Saturday, August 16. During the closure time, the restaurant will undergo a light makeover, which includes reworking Abe's murals, painting the front room orange — a change from its current yellow — and adding a large fountain into the mix.
But the biggest change will be to the menu. The restaurant launched in 2022 with a mission of sustainability, using pizza as a vehicle to use up irregular or surplus produce. Now, three years later, the Chronicle writes that the pizza 'started to feel limiting' to Abe and Murphy, and with the temporary closure, they're pulling most of the pies off the menu (the exception is a 'pizza-like' cacio e pepe 'pillow'). The restaurant will still maintain its sustainability mission, but with dishes like a 'schnitzel-esque bone-in boar chop' and 'steak frites three ways,' that will utilize beef heart or sweetbreads. The restaurant is expected to reopen in late August.
More Asian grocery stores to open in the Bay
Following the successful opening of Jagalchi in Daly City this past March, more specialty Asian grocery stores are set to debut this year. KRON reports that Filipino supermarket Seafood City opens its Daly City location on Thursday, July 31, at 1420 Southgate Avenue. The news outlet also reports that Japanese supermarket Osaka Marketplace will open a store at the Edgewater Place Shopping Center in Foster City this November, with a Pleasant Hill location also in the works.
Muddy Waters Coffee House is being sold
Valencia Street mainstay Muddy Waters may soon have a new owner. Mission Local reports that Hisham and Elham Massarweh, the owners behind the coffee shop, are in the process of selling the business to a familiar Mission face: Bissap Baobab owner Marcos Senghor and his business partner. Senghor confirmed the news to the outlet and said that the sale is still being worked out, but could be completed as early as August. Senghor said he hopes to bring beer and wine to the cafe, along with live entertainment and longer hours.
Hết Sấy pops up in Oakland
Oaklanders will get a chance to experience South Vietnamese food favorite Hết Sấy closer to home this weekend. Mahjong den 13 Orphans will host Hết Sấy at its downtown Oakland location on July 25 and 26; an Instagram post hyping the takeover promises individual menus for both the Baba's House restaurant on the ground floor and the speakeasy above. For the main restaurant, diners can expect items like banh mi with braised pork belly or bánh tằm bì, 'pintailed noodles' with shredded pork or mushrooms. RSVPs are required to get into the speakeasy and to view the exclusive Hết Sấy menu for the mahjong lounge.
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Forbes
5 hours ago
- Forbes
Japan's Fast-Growing Wine Market Embraces Natural Wine
Carefully grown Japanese wine grapes. Japanese wine is gaining momentum. As of 2024, there were 493 wineries in Japan, jumping from 238 in 2008—more than doubled in 16 years, according to the Japanese government. The wineries are now in 46 prefectures out of the total 47, indicating that each prefecture has potential for wine production. Some American importers have already noticed the rapid development of Japanese wine. One of them is Direct Import Vines (D-I Wine) a natural wine importer in New York, 'What we love about Japan's wine is how it reflects the country's deep dedication to craft, precision and subtlety. The same meticulous attention to detail that defines Japanese cuisine and design shows up in the vineyards and cellars, with winemakers carefully coaxing out dedicated, expressive flavors from native grapes like Koshu and Muscat Bailey A," says D-I Wine's founder Bretton Taylor. The company started to import Japanese wine in 2021 and now has a portfolio of 8 wineries in 5 different regions. A variety of wine that reflects Japanese terroir. One of them is Coco Farm & Winery It was founded in 1958 by educator Noboru Kawada to provide meaningful work for individuals with learning disabilities. All wines are made with grapes grown in Japan and no chemical fertilizers or herbicides are used in its vineyards; natural wild yeast is the main fermentation method in the winery. Coco Farm's wine has been highly acclaimed. It has been served at G7 summits and on Japan Airlines' first and business classes, for example. 'We started to have increasingly more export inquiries from overseas in the past few years. They seem to be interested in Japanese wine's clear, delicate expression of the grapes, often with gentle umami, which goes well with Japanese food as well as other various types of cuisine,' says Shoko Ochi, director of communication at Coco Farm. 'Within Japan, there is a wide range of micro-terroir. The farms we work with beautifully express it,' she says. To showcase the diversity and the character of each micro-terroir, Coco Farm procures grapes from reliable natural grape growers nationwide, in addition to its own vineyards in Tochigi, Yamagata and Hokkaido Prefectures. As a result, the company makes wine with around 30 different varieties, such as Japanese native Muscat Bailey A, Southern French grape Tannat and global grapes like Pinot Noir and Chardonnay. For instance, Coco Farm's 2019 Zweigelt has distinctive characters. Made with the Austrian grape variety grown in the cool climate of Hokkaido, it has notes of cassis, black cherry and cinnamon with some peppery spiciness. There is subtle earthiness in the finish, which makes the wine uniquely Japanese. Coco Farm & Winery makes wine with grapes from its vineyards painstakingly cared for by hand. Reasons Behind The Rapid Growth Of The Wine Industry Why has Japanese wine production seen such a dramatic surge? One of the reasons is the creation of the special wine districts by the Japanese government in 2002. Within the wine districts, the minimum production volumes of 6,000 kiloliters for wineries are lowered to 2,000 kiloliters, as long as the products are made with grapes grown in the region. The new law made it much easier to start a winery at a lower cost. Also, in 2003, the Japan Wine Competition began, where wine made with 100% grapes grown and vinified in Japan is evaluated and ranked by a committee of wine professionals and academics. It is organized by major wine-producing prefectures and the Japanese government to recognize the quality of Japanese wine. The annual competition has shown a wide range of high-quality products and inspired wineries nationwide to aim for higher goals. Also, Japanese wine started to receive top awards at the world's biggest wine competitions, such as the IWSC International Wine & Spirit Competition, the Decanter World Wine Awards and the International Wine Challenge. The success in the global market has also stimulated new entries into wine production in Japan. Dynamic Natural Wine Market If you like natural wine, Japanese wine is something you should keep your eye on. 'In Tokyo, one of the world's most dynamic wine markets, sommeliers, chefs and wine lovers not just enjoy natural wine. They celebrate it,' says Taylor of D-I Wine. 'As a natural wine importer, our biggest competition is Japan. We find some very small vineyards in France that say they won't export, with the exception of their Japanese importers—because they are very important customers for French winemakers. Whenever we tour or try to discover new wineries in France, the Japanese importers have already been there. Sometimes they are discovering French wines that the Parisians haven't discovered yet.' To reflect Japanese importers' enthusiasm and hard work, consumers are interested in natural wine. A 2024 survey of 1,500 individuals between 20 and 70 years old, 50% male and female respectively, 23.1% of the respondents were interested in drinking natural wine. Interestingly, only 15.7% of the respondents said they wanted to drink organic/biodynamic wine, suggesting consumers are attracted to natural wine's diverse styles and genuine expression of terroir. There are no data on how many natural wine producers like Coco Farm exist in Japan, but an online natural wine shop lists 350 natural wine labels made in Japan, for example. The number is small, but it suggests that the natural wine segment has established its own place in the domestic market. Japanese natural wine seems to have the potential to stand out in the global market as well. 'Japanese wine is still relatively new on the international stage, but it's already carving out a unique identity—one that feels deeply tied to place, tradition, and innovation all at once. What excites us most is the way Japanese winemakers are blending native varieties like Muscat Bailey A and Koshu with modern, low-intervention techniques and a cultural approach rooted in precision and humility,' he says. The results are wines that are subtle but expressive, often with lower alcohol, clear umami, and a real sense of atmosphere. 'They are the wines that whisper, not shout. It's a category that rewards attention and curiosity, and we think it's only just getting started,' says Taylor. Diverse terrain makes Japanese wine unique.


CNBC
6 hours ago
- CNBC
Two brokers vie to be Asia's Robinhood as Hong Kong expands crypto support
Stock analysts are getting excited about the potential boost to Asian crypto trading after Hong Kong's stablecoin bill takes effect on Friday. Stablecoins are virtual assets that reference government-issued, or fiat, currencies. Hong Kong's bill formalizes the process for financial companies to issue and manage the virtual assets, similar to the U.S. GENIUS Act . For now, Morgan Stanley analysts expect the main application for stablecoins centers around crypto trading, and say it could attract more institutional investors to the asset class. They view online brokerage Futu Holdings as the best play, and rate it overweight with a $164.25 price target. Citi analysts prefer its rival Up Fintech , also known as Tiger Brokers, and upgraded it to buy from neutral, according to a report published late on July 21. They maintained a neutral rating on Futu, citing the stock's recent run higher. Both companies, which listed in the U.S. in 2019 before Robinhood went public, operate online brokerages for trading stocks and cryptocurrencies. They have their roots in mainland China, but have evolved to focus more on Hong Kong and Singapore due to Beijing's capital controls and crypto bans. The crypto trading market in Hong Kong and Singapore is $640 billion large, even after accounting for competition from unlicensed mainstream crypto exchanges, the Citi analysts said. That positions Up Fintech and Futu to potentially see gains similar to those of Robinhood, the analysts said. They said a major support for Robinhood's stock surge in the last several months is the company's crypto trading revenue – the segment doubled in the first quarter from a year ago, far faster than Robinhood's 50% growth in overall revenue during that time. Crypto has also grown from 3% of Robinhood's total revenue to 21% between 2020 and 2024, the Citi report said. Robinhood is set to release earnings Wednesday local time. Up Fintech and Futu have not yet disclosed the date of their next earnings releases. The Citi analysts raised their price target on both stocks: to $14 from $9.50 for Up Fintech, and to $176 from $113 for Futu. Part of their additional optimism on Up Fintech comes from possible business opportunities with Avenir Group, an investment firm linked to the founder of bitcoin trading exchange Huobi. Avenir acquired a 5.9% stake in the stock in late April. "We see potential upside for TIGR if i) Avenir Group could use TIGR as the designated crypto exchange for OTC trading; ii) if Avenir Group could potentially use TIGR as its designated custodian bank, paying TIGR a higher custodian fee to help support TIGR's crypto biz development," Citi said. To be sure, there are many differences between the U.S. crypto environment and that of Hong Kong. In contrast to Beijing's more conservative stance in mainland China, Hong Kong, as a special administrative region of the country, has become the nation's test bed for remaining globally competitive in finance. Both Citi and Morgan Stanley analysts expect Hong Kong's stablecoin support to initially focus more on how the Chinese yuan can be used for international payments. But the region's bigger ambitions remain clear as U.S. President Donald Trump's son Eric is slated to headline a bitcoin conference in Hong Kong next month. —CNBC's Michael Bloom contributed to this report.

12 hours ago
Trump's meeting with a key European official comes as his tariff deadline nears
EDINBURGH, Scotland -- EDINBURGH, Scotland (AP) — Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House's deadline to impose stiff tariff rates is looming. Trump played golf Saturday at his course in Turnberry on the southwest coast of Scotland and is expected to hit the links again frequently during his five-day visit. On Tuesday, he'll be in Aberdeen, in northeast Scotland, where his family has another golf course and is opening a third next month. Trump and his son Eric are planning to help cut the ribbon on the new course, where public tee times starting Aug. 13 are already on offer. The visit with von der Leyen is expected to be behind closed doors and few further details have been released. Leaving the White House on Friday, Trump said 'we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.' He said the deal would have to 'buy down' the currently scheduled tariff rate of 30% on the bloc of 27 member states. Later, von der Leyen posted on X that, 'Following a good call' with Trump, the pair had 'agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong.' The U.S. and EU seemed close to reaching a deal earlier this month, but Trump instead threatened a 30% tariff rate on the bloc of nations. Still, Trump's original deadline for beginning such tariffs has already passed, and is now delayed until at least Friday. Flying to Scotland to enjoy his golf courses hasn't stopped the president from talking trade. After going to Turnberry to play nine holes, have lunch, then play nine more, Trump posted that he'd block any trade deals between the U.S. and Cambodia and Thailand since the two southeast Asian countries remain locked in violent clashes in long-disputed border areas. Trump wrote that he spoke with Cambodian Prime Minister Hun Manet and Phumtham Wechayachai, the acting prime minister of Thailand, to call for a ceasefire. 'I am trying to simplify a complex situation!' he wrote on Truth Social after disclosing his conversation with the Cambodian leader. After speaking with Wechayachai, Trump said both countries want peace and added: 'Ceasefire, Peace, and Prosperity seems to be a natural.' The actual likelihood of a deal with the EU, meanwhile, remains to be seen. Trump recently said he thought the odds of reaching a framework with Japan was 25% — but the U.S. and Japan subsequently announced an agreement this past week. The president also bragged earlier in his term that he would leverage constant threats of steep U.S. tariffs around the globe to negotiate better rates and shrink trade deficits with some of Washington's key allies. But, so far, that effort has fallen well short of expectations, meaning the onus may be on Trump to be able to announce an agreement with a bloc as key to global commerce as the EU. Trump is also set to meet Monday in Scotland with British Prime Minister Keir Starmer, after the two announced a trade framework in May and a larger agreement last month during the G7 in Canada. Trump says that deal is concluded and that the pair will discuss other matters — though the White House has suggested it still needs some polishing. Without an EU deal, the bloc said it was prepared to retaliate with tariffs on hundreds of American products, ranging from beef and auto parts to beer and Boeing airplanes.