Anheuser-Busch remains the king of beers, ruling nearly 41% of the $119 billion U.S. market for beer and malt-based beverages. But there’s trouble in the consumer market for the iconic maker of Budweiser, Bud Light, Beck’s, Goose Island and dozens of other brands. Americans are drinking less beer and more wine and spirits, while also
Month: November 2019
A Woman jogs past the U.S. Capitol in Washington, October 24, 2019. Siphiwe Sibeko | Reuters Washington can feel pretty gridlocked these days, with the impeachment proceedings against President Trump dividing politicians by party lines. Still, both Republicans and Democrats have rallied around a number of bills that could deliver real changes to your personal
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The addictive nature of video games, designed to keep players in the game for as long as possible, may make investors happy, but some are now warning that a regulatory crackdown could
It’s no secret most people overindulge during the holidays. Aside from feasting on holiday treats, nearly two-thirds of adults said they have felt pressure to overspend this time of year, according to a recent survey by Bankrate.com. With that comes a heavy toll. Roughly two-thirds of Americans also said that holiday expenses negatively affect their
Chicago (undated) Getty Why are public pension plans so poorly funded? Sure, you can blame politicians’ meddling, or irresponsible benefit increases, or decisions to take contribution holidays, but, to take the Chicago Teachers’ Pension Fund as a case study, it was not designed to be funded in the first place. Here’s the story, as assembled
Share to facebook Share to twitter Share to linkedin The feud between Cooperman and Warren escalates, yet again. Bloomberg/Getty Images Topline: In the latest salvo in her war on the ultrarich and public feud with longtime investor Leon Cooperman, 2020 hopeful Elizabeth Warren released a new TV ad that takes aim at a group of
Exterior of Starbucks Reserve Roastery located on Chicago’s Magnificent Mile. Courtesy of Starbucks Chicago, Ill.– Today marks the public unveiling of the largest Starbucks brick-and mortar in the world, the Chicago Starbucks Reserve Roastery (646 N. Michigan Ave.), a five-floor, 35,000-square-foot “retail experience.” The Chicago Reserve Roastery features three main coffee bars, which will offer
CNBC’s Jim Cramer previews next week’s earnings reports from companies such as Target, Kohl’s and Foot Locker. The “Mad Money” host also chats with LivePerson CEO Robert LoCascio, who discusses how artificial intelligence has changed the way customers interact with companies. Later in the show he explains why both Wells Fargo and Walmart are worth buying.
John Legere, chief executive officer of T-Mobile US Inc. Chris Goodney | Bloomberg | Getty Images T-Mobile Chief Executive Officer John Legere isn’t taking the WeWork CEO job, according to people familiar with the matter. Legere, who became CEO of T-Mobile in 2012, has no plans to leave the company, said the people, who asked
At America’s first Rolliefest, the rules are clear: Don’t reveal the location of the event on social media until it’s over. Last month, 110 watch collectors from 13 countries filed past armed guards at the Lotte New York Palace hotel in midtown Manhattan. There, some of the world’s most prominent watch collectors were gathered in
Steve Mollenkopf, CEO of Qualcomm. Adam Jeffery | CNBC Here are the biggest calls on Wall Street on Friday: Mizuho upgraded Qualcomm to ‘buy’ from ‘neutral’ Mizuho said the semiconductor and telecommunications equipment company was positioned well on 5G going in to 2020 and beyond. “We have been positive on QCOM‘s 5G outlook in 2020
We’ve got emotions and we’ve got reasoning. Guess which we use to make financial decisions? Mostly it’s our emotional brain, says Brad Klontz, author of “Mind Over Money” and co-founder of the Financial Psychology Institute. gilaxia | E+ | Getty Images A financial therapist, Klontz understands what motivates people to make personal money choices. He
By Daniel Newman and Olivier Blanchard, Next Avenue Contributors Getty (There have been many scary stories lately about how robots and artificial intelligence will increasingly replace human jobs in the coming years. So, you may be nervous about what the future holds for you and your career. In this excerpt from their new book Human/Machine:
Sharon McCutcheon Do you know how much money you save right now? And more importantly – do you know if it’s enough? Your savings rate is one of the best metrics to use to determine if you’re on the right track to meet your goals. It’s represented by the percentage of your gross income that
Aerial panorama of Jersey City skyline at sunset. Getty Here’s the latest on the country’s most expensive ZIP codes for apartment renters according to ApartmentGuide.Com. ApartmentGuide.com looks at multi-family buildings with 50 units or more to scope out where the priciest neighborhoods are. Brian Carberry, Managing Director of ApartmentGuide found few surprises. ”I think on this
Gary Jones, president UAW International, (left) and Bill Ford, executive chairman, Ford Motor, shake hands on July 15, 2019 at Ford World Headquarters to begin negotiations for a new contract. Ford DETROIT – Members of the United Auto Workers have approved a new four-year deal with Ford Motor, the union announced Friday. The deal requires
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stocks bounced on trade headlines on Friday, but the market could stall out in the week ahead if there is no real progress towards a deal. Stocks ended the week at record highs, but Treasury yields unwound half the big
Marc Lasry, a billionaire and major Democratic donor, is the latest major Wall Street investor to warn about the damage the stock market could sustain if Elizabeth Warren were to win the presidency. Lasry, the co-founder of Avenue Capital who made his fortune putting money into distressed assets, told CNBC on Friday that a Warren
An assembly line worker works on the production line at Midwest Automotive Designs in Bristol, Indiana, April 16, 2019. Tim Aeppel | Reuters The U.S. economy will barely grow at all in the fourth quarter, if two Federal Reserve gauges that track gross domestic product are correct. With some recent data coming in below expectations,
A customer shops for a pistol at Freddie Bear Sports sporting goods store on December 17, 2012 in Tinley Park, Illinois. Scott Olson | Getty Images News | Getty Images Even if you haven’t actively been seeking gun stocks, you could still be an investor in them. Many companies have ties to weapons, either directly
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