Foreign brews are beating domestic heavyweights, according to booze giant Constellation Brands
Beer demand is brewing – and its boosting sales for booze giant Constellation Brands. Read more...
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Tesla added to China government’s official car purchase list in boost for Elon Musk
The move comes as billionaire Elon Musk seeks to expand the EV automaker's reach in China.
Climate change will make British Airways airlines more expensive
Another European airline is bracing customers for more expensive flights as the industry faces pressure to reduce its greenhouse gas emissions. Luis Gallego, CEO of the International Airlines Group told the Financial Times on Thursday that cheap fares are part of the sacrifice
JPMorgan Chase might start charging customers for checking accounts
JPMorgan Chase is threatening to start charging customers for checking accounts if new federal rules limiting overdraft and late fees are enacted. Read more...
Netflix, Disney ask Canada court to stop proposed tax on streaming revenue: report
Netflix and Disney and other major US streaming services have asked a Canadian court to stop plans forcing them to fork over 5% of their sales.
Didn’t get the promotion you were vying for? These reasons might be why you were passed up
To better understand this tricky issue, career experts revealed reasons that could be causing a manager to overlook a worker for a boost in title and pay — and what to do about it.
Walgreens is closing stores — and that could make it more profitable, analyst says
Walgreens’ decision to close thousands of stores could help it in the long run, but that strategy could lead to mixed effects on consumers and its business. Read more...
Netflix real estate expert urges buyers in new direction that could ‘disrupt’ entire housing market
With mortgage interest rates hovering around 7%, prospective buyers are facing a challenging landscape with limited housing inventory and escalating home prices to boot.
Shell expects to eat $1 billion over its biofuels pivot
A major investment in green energy is going poorly for Shell. The oil company announced Friday that it would be taking up to $2 billion in charges this quarter, partly for its sale of a refinery in Singapore and partly for a biofuels plant in the Netherlands. Read more...
Democratic donors are threatening to stop giving unless Joe Biden drops out
A slew of major Democratic donors, including Disney heiress Abigail Disney, have said they will withhold donations to the party until President Joe Biden drops his reelection bid. Read more...
Megyn Kelly blasts ‘power-hungry’ Jill Biden for running ‘shadow presidency’ in place of ‘infirm’ Joe
Jill Biden is seen as one of the key figures in the president's inner circle who is encouraging him to resist increasing pressure to bow out of the race.
Crypto hacking heists have doubled to $1.4 billion in the first half of 2024
During the first half of this year, cryptocurrency hackers stole twice as much as they did in the first half of 2023, according to blockchain intelligence firm TRM. By June 24, 2024, hackers had stolen $1.38 billion, compared to $657 million at the same time last year. Read
Elon Musk’s X could see major fines in Europe as tech firms face crackdown
The European Commission, the EU’s competition watchdog, is reportedly set to hit X with formal charges in the coming days.
Rachel Reeves: Who is the UK's new chancellor?
In her maiden speech in the Commons in 2010, she vowed to fight for "jobs, growth and prosperity".
Russia is spending so much invading Ukraine that it's a 'high-income' country now
Russia’s outsized military spending continues to blunt the impact of economic sanctions during its war in Ukraine. The World Bank said that it was upgrading the country’s economic standing to its top-tier “high-income” category from its earlier “upper-middle-income” status,
About half of Americans can't afford a summer vacation
Around half of Americans can’t afford to take a summer vacation this year thanks to the rising costs of living , according to a new survey. Read more...
Elon Musk has lost more money than any billionaire this year — and is still the richest person on Earth
At the start of this year, Elon Musk had so much money that he could pretty much single-handedly solve world hunger with his $251 billion fortune. However, stagnating Tesla sales , endless struggles with his takeover of Twitter and the turbulent value of Tesla stock means he’s
Samsung stock just hit a 3-year high because AI is boosting profits
Samsung estimated its second quarter operating profit will jump more than 1,450% year-over-year, sending its stock to a three-year high Friday morning. Read more...
It would take something big to stop AI from driving big tech stocks, strategist says
Shelby McFaddin, an investment analyst at Motley Fool Asset Management, spoke with Quartz for the latest installment of our “Smart Investing” video series. Read more...
Mark Zuckerberg drank beer while surfing on the Fourth of July — while Elon Musk says he 'prefers to work'
Elon Musk mocked Mark Zuckerberg’s Fourth of July celebrations – which included surfing while clad in a tuxedo and drinking a beer – in the latest instance of the longstanding feud between the two men. Read more...
Netflix, Disney and Paramount are fighting Canada's new streaming tax
The Motion Picture Association-Canada (MPA-Canada), which represents Netflix, Disney+, Paramount, and other streamers, has asked the country’s Federal Court of Appeal to review a new rule that would require streaming companies to pay the Canadian government a cut of their
Bitcoin drops to $55,000 as defunct crypto exchange Mt. Gox starts refunding billions
Bitcoin is bleeding as defunct crypto exchange Mt.Gox has started repaying its customers — and it’slikely that some of those customers have begun selling that Bitcoin. The leading cryptocurrency traded around $55,000 Friday morning, after falling more than 4% in a day and
US jobs growth in June beats expectations
US markets remain optimistic the Fed could start cutting rates later this year.
Reeves: 'There's not a huge amount of money'
The new chancellor says she has inherited a depleted economy that will create a “challenge” for Labour.
US job market shows signs of weakening, boosting hopes for rate cuts
The economy has added a healthy average of 248,000 jobs a month so far in 2024.
U.K. stocks get a boost from the Labour Party's election sweep
The United Kingdom’s Labour Party won in a landslide in Thursday’s elections, taking back power from the Conservative Party after 14 years. The center-left party’s win boosted U.K. stocks, especially those homebuilding companies, as the party promises to bring back economic
The best rental car companies, according to Consumer Reports — and the worst
Renting a car can be hard, especially when you’ve got options — and a lot of questions. Read more...
Stranger Things, The Crown, and One Piece: The 10 most expensive Netflix series ever made
Netflix, originally a DVD rental service, sparked the streaming revolution when it launched its streaming service in 2007. Now nearly two-decades later, Netflix is still one of the few profitable streaming platforms with over 269 million paid subscribers around the globe. The
Ozempic could make low- or even alcohol-free beer and wine a lot more popular
Restaurant and food CEOs have been in the spotlight amid the rise of appetite suppressing GLP-1 drugs — first made popular by the diabetes treatment Ozempic. However, the impact of these highly-coveted medications will ripple across a variety of sectors including the alcohol
Disney World can't escape inflation: See how much food prices have risen in 10 years
Walt Disney World is a key player in the world of entertainment. The Orlando, Florida-based resort is widely known for being a magical place that welcomes those of all ages. Read more...
