Goldman Sachs downgraded the Boston Beer Company and Constellation Brands due to sluggish beer sales and shifts in demographic tastes. As it turns out, younger generations are drinking more wine and less beer. “As we explored back in 2014, we expected a cyclical rebound in total alcohol consumption post-recession ,” wrote chief analyst Freda Zhuo […]
Read morePoland could lose its voting rights in the European Union if it presses ahead with reforms to the judiciary. The country has become a headache for the EU since the right-wing conservative government won the general election in 2015 and began implementing several laws deemed risky for democracy. The European Commission, which is responsible for […]
Read moreCheck out which companies are making headlines before the bell: WebMD — Private-equity firm KKR is buying the health website operator for $2.8 billion, or $66.50 per share. Hasbro – The toymaker earned an adjusted 52 cents per share for its latest quarter, six cents a share above estimates. Revenue also beat forecasts, as Hasbro […]
Read moreDemocrats rolled out a new economic platform Monday in hopes of winning over President Donald Trump‘s populist base with promises to take on big businesses, lower the cost of prescription drugs and create jobs. The campaign — “A Better Deal” — is intended as a counterpunch to the president’s frequent criticism of the lackluster recovery […]
Read moreDuring his final term as Federal Reserve chairman, Alan Greenspan noted an impediment stifling economies in the former Soviet Union: “legal chaos, rampant criminality, and widespread corruption” reminiscent of the American Wild West. “Market economies,” Greenspan concluded, “require a rule of law.” Suddenly, the words and actions of President Donald Trump are raising questions about […]
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The stock market has been stuck in low gear—in the best possible way. Think about it: Driving in low gear is no good for going fast, but is great for climbing. And when the declines come, staying in low gear makes the descent more controlled and safer. This pretty well captures the way the S&P […]
Read moreGerman auto stocks took a hit in early Monday trading, weighed down by uncertainty over possible antitrust fines after European regulators said they were investigating allegations that carmakers were operating a cartel. Shares in Volkswagen were down 3.3 percent, with premium rivals Daimler and BMW down 2.9 percent and 2.5 percent respectively, underperforming the blue-chip […]
Read moreCommerce Secretary Wilbur Ross is to welcome British Trade Secretary Liam Fox on Monday to begin discussions for a new trade deal between the two countries. The pair will be joined by U.S. Trade Representative Robert Lighthizer for the two-day talks that aim to lay out a continuity agreement allowing businesses from the two countries […]
Read moreHealth and safety regulations across the U.S. require families to provide clean beds for each of their kids. If they can’t afford the beds, they risk losing kids to foster care. A “bed-in-a-box” startup called Leesa Sleep wants to stop that from ever happening. As a registered benefit corporation, or B-Corp., Leesa donates one mattress […]
Read moreMicrosoft is considering removing the iconic Paint application from an upcoming update of Windows 10 after nearly 32 years in existence. In a list released by Microsoft, Paint has been labeled “deprecated”, meaning it could be removed when the Windows 10 Fall Creators Update is released later this year. Paint was introduced with the first […]
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