California-based Klatch sells $75 cup of coffee

Posted: Updated:
NEW YORK -

Here’s the latest business headlines from Cheddar:

Amazon is selling a tiny-store kit that it says can be put together in just hours. The retail kiosk can be used for many other things, including a chicken coop or bar. Amazon says you need less than 10 tools to assemble it, and it doesn't require interior finishing. The kit is manufactured by Allwood and costs almost $4,000. Amazon also sells a tiny home kit from the same vendor. Tiny homes have emerged as a way to cope with skyrocketing rents, or to let buyers customize their properties.

Sony and Microsoft are putting their rivalry on pause for a gaming alliance. The two companies will team up in cloud-based gaming. Sony's game and content-streaming services will also be powered by Microsoft Azure. This comes as the gaming industry shifts away from consoles and toward the cloud. The partnership could be a loss for companies like Google and Amazon, since they are missing out on hosting Sony's cloud services.

California company Klatch saying it sells the most expensive coffee, ringing up at a whopping $75 a cup. The coffee beans sold for $803 per pound at a recent auction. Klatch was the only company in North America to get their hands on the magic beans.

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