Nvidia Gets a New Street-High Price Target

Nvidia Gets a New Street-High Price Target

Reuters

Caracas cafe culture flourishes as Venezuela dollarizes economy

Restaurateurs Melanie Angulo and Marwin Hernandez have begun serving lattes and specialty coffee in a small storefront in downtown Caracas, joining a new wave of cafe entrepreneurs encouraged by creeping dollarization in Venezuela. The new outlets slinging flat whites and cortados (espressos) are no longer just in upmarket eastern Caracas – with its leafy streets, expensive restaurants and large homes – but in the bustling streets of the city center. Although cafes have existed for years in the South American country, they have not been as abundant or glamorous in Caracas as in other capitals across South America, like Buenos Aires with their awnings and fine pastries.

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