DIRS.INFO The most relevant business & tech news

☆ Here are the 6 stocks that rise when Nvidia shares fall
▼ + stars: | 2024-04-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Six stocks in the S & P 500 rise often whenever Nvidia shares fall, according to a CNBC Pro analysis. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the six companies. Correlated returns also do not indicate causation or guarantee future returns or price action patterns. The below table highlights the 10 stocks in the S & P 500 with the strongest inverse correlation with Nvidia's share price. Trivariate Research's Adam Parker also named eight steady growth stocks that could replace Nvidia if investors are concerned that they are overexposed to it.

Persons: Jack Daniel's, Brown, Forman, Henry Schein, Katie Stockton, Trivariate Research's Adam Parker Organizations: Nvidia, CNBC, Electronic Arts, CNBC Pro Locations: U.S, lockstep

☆ Stocks making the biggest moves midday: CrowdStrike, Palantir, Super Micro Computer, Brown-Forman and more
▼ + stars: | 2024-03-06 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

JD.com — The Chinese e-commerce platform surged nearly 19% after posting a quarterly revenue increase. Thor Industries — Shares plunged 11% after the recreational vehicle maker posted quarterly revenue that disappointed expectations. In its second quarter, Thor Industries reported revenue of $2.21 billion, weaker than the FactSet consensus estimate of $2.27 billion. Box posted fourth-quarter earnings of 42 cents per share, topping the forecast 38 cents in earnings per share from analysts polled by LSEG. Wall Street firms HSBC and Deutsche Bank upgraded Target to buy after the earnings results.

Persons: CrowdStrike, JD.com, Nordstrom, Morgan Stanley, Locker, HashiCorp, LSEG, Couchbase, Bitcoin, Ether, ChargePoint, Wolfe, Brown, Forman —, Forman, Jack Daniel's, Adam Jonas, Tesla, Fitch, — CNBC's Michelle Fox, Lisa Kailai Han, Hakyung Kim, Pia Singh, Samantha Subin Organizations: Management, Nordstrom, New York Community Bancorp, Reuters, Wall, Bank, — Bank, PNC Financial Services, Northern Trust, T Bank, Thor Industries, FactSet, ChargePoint Holdings, LSEG, OpenAI, —, U.S . Army, Tactical Intelligence, Wall Street, HSBC, Deutsche Bank, Target, Argus, Abercrombie, Fitch, Tech Locations: FactSet ., LSEG .

☆ 45 American families are worth more than $10 billion — and the wealthiest one is even richer than Elon Musk
▼ + stars: | 2024-02-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Forbes found that there are 45 American families with fortunes exceeding $10 billion. The Walmart founder Sam Walton's heirs are richer than Elon Musk, with a $267 billion fortune. AdvertisementThere are 45 American families worth at least $10 billion, and the richest one is wealthier than Elon Musk, Forbes says. Forbes estimates the 45 superrich families are collectively worth about $1.3 trillion, or roughly 10 times Warren Buffett's personal fortune. The descendants of John D. Rockefeller — the nation's richest man in his prime — barely made Forbes' list, with a $10.3 billion fortune.

Persons: Forbes, Sam Walton's, Elon Musk, Koch, Lauder, Pritzker, Rockefeller, —, Warren, Hearst, John D, MacMillan, Campbell, Brown, Forman, Jack Daniel's, Busch, Haslam, Warren Buffett's Berkshire Hathaway, it's Organizations: Walmart, Elon, Service, Forbes, SpaceX, Marriott, Carnegie, Vanderbilt, Getty, Cargill, Hyatt Hotels, Anheuser, Busch, InBev, Centers, Warren Locations: Marriott, Hearst

☆ 'Trump Too Small' T-Shirt Slogan Turns Into US Supreme Court Battle
▼ + stars: | 2023-10-27 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +5 min

The Supreme Court in recent years has struck down two trademark laws based on free speech concerns. Elster applied for the "Trump Too Small" trademark to use on T-shirts, inspired by an exchange between Trump and U.S. Rubio responded at a campaign rally in Virginia that his rival had disproportionately small hands. Are they small hands?" Ernst also said the law at issue does not further the overarching trademark law goal of preventing marketplace confusion.

Persons: Blake Brittain WASHINGTON, Trump, Donald Trump, Steve Elster's, Joe Biden's, Elster, Erik Brunetti, Marco Rubio, denigrate Rubio, Marco, " Rubio, Donald Trump's, Elizabeth Prelogar, Biden, Obama, Kate, Jonathan Moskin, Foley, Lardner, Moskin, Jack Daniel's, Joe, Hillary, Samuel Ernst, Ernst, Blake Brittain, Will Dunham Organizations: Supreme, U.S . Patent, Trump, U.S, Appeals, Federal Circuit, TRUMP, International Trademark Association, Golden Gate University School of Law Locations: California, U.S, Virginia, America, Washington

The Supreme Court in recent years has struck down two trademark laws based on free speech concerns. Elster applied for the "Trump Too Small" trademark to use on T-shirts, inspired by an exchange between Trump and U.S. Elster told the Supreme Court that his trademark uses a double meaning to criticize Trump while expressing his views about "the smallness of Donald Trump's overall approach to governing." Ernst also said the law at issue does not further the overarching trademark law goal of preventing marketplace confusion. "Nobody would be confused into believing that Donald Trump is selling T-shirts accusing him of being too small," Ernst said.

Persons: Marco Rubio, Donald Trump, Jim Young, Foley, Lardner, Trump, Steve Elster's, Joe Biden's, Elster, Erik Brunetti, denigrate Rubio, Marco, " Rubio, Donald Trump's, Elizabeth Prelogar, Biden, Obama, Kate, Jonathan Moskin, Moskin, Jack Daniel's, Joe, Hillary, Samuel Ernst, Ernst, Blake Brittain, Will Dunham Organizations: Republican U.S, U.S, Republican, REUTERS, WASHINGTON, Supreme, U.S . Patent, Trump, Appeals, Federal Circuit, TRUMP, International Trademark Association, Golden Gate University School of Law, Thomson Locations: Detroit , Michigan, California, U.S, Virginia, America, Washington

☆ Jack Daniel's maker Brown-Forman misses profit estimate as costs pinch
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

A Whiskey tasting station is seen at the Jack Daniel's distillery in Lynchburg, Tennessee May 10, 2011. Excluding items, Brown-Forman earned 48 cents per share, compared with a profit estimate of 53 cents per share, as per Refinitiv data. A 90-basis-point expansion in gross margin in the quarter was driven by a 250-basis-point benefit from higher pricing as well as a let up in supply-chain costs, Brown-Forman said on a post-earnings call. Its quarterly net sales rose 3%, to $1.04 billion, compared with analysts' average estimate of $1.05 billion. Still, Brown-Forman reaffirmed its annual target of organic net sales growth between 5% and 7% and said it expects demand trends to normalize after two years of strong growth.

Persons: Jack Daniel's, Martinne Geller, Brown, Forman, BFb.N, Jack, Juveria Tabassum, Pooja Desai Organizations: REUTERS, Reserve, U.S, Thomson Locations: Lynchburg , Tennessee, United States, U.S

☆ Jack Daniel's maker Brown-Forman reports lagging whiskey sales, narrower profit
▼ + stars: | 2023-08-30 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Jack Daniel's maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild. Net sales for whiskey products decreased by 1%, led by the brands Woodford Reserve and Gentleman Jack. Sales for Jack Daniel's Tennessee Whiskey were flat, the company said, due to lower distributor inventories across the United States. Its New Mix RTD beverages delivered strong net sales growth of 52%, while its el Jimador tequila brand saw net sales grow by 27%. Reported advertising expense grew 19%, driven by the launch of its Jack Daniel's & Coca-Cola RTD item, increased investment in Jack Daniel's Tennessee Whiskey, and acquisitions.

Persons: Jack Daniel's, Brown, Forman, Jack, Jack Daniel's Tennessee, Lawson Whiting, Whiting, —, Robert Hum Organizations: Woodford Reserve, Jack Daniel's Tennessee Whiskey Locations: United States, Kentucky, U.S

☆ Stocks making the biggest moves midday: HP, Box, Brown-Forman, Insulet and more
▼ + stars: | 2023-08-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

HP — HP dropped 6.6% in midday trading after reporting a fiscal third-quarter revenue miss. Late Tuesday, the PC maker reported quarterly revenue of $13.20 billion, lower than the $13.37 billion estimated by analysts polled by Refinitiv. Otherwise, its third-quarter adjusted earnings of 86 cents per share came in line with estimates. Box anticipates third-quarter earnings of 37 cents to 38 cents per share, while analysts polled by FactSet called for 39 cents per share. Brown-Forman posted 48 cents in earnings per share on $1.04 billion in revenue.

Persons: Refinitiv, FactSet, Ambarella, Calvin Klein, Brown, Forman —, Jack, Forman, James Hollingshead, Wells, Apple, it's, Wells Fargo, Sunrun, —, Samantha Subin, Hakyung Kim, Sarah Min, Yun Li, Michelle Fox, Jesse Pound Organizations: HP, Revenue, Fluence Energy, Barclays, Spotify, Big Tech, Citi, Rockwell Automation, Netflix, Technology, HSBC Locations: Germany, U.S, Wells Fargo

☆ Stock futures are little changed after a third straight winning day on Wall Street: Live updates
▼ + stars: | 2023-08-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures and Nasdaq 100 futures also both hovered around 0.1% higher. The moves followed a third consecutive winning session on Wall Street as investors made up some ground at the end of the month. The S&P 500 rose about 1.5%, notching its best performance since June. The Nasdaq Composite is poised to end August 2.8% lower, while the Dow and S&P 500 are both slated for drops of around 2%. Jobless claims numbers are due Thursday, followed by data on nonfarm payrolls, wages and the unemployment rate on Friday.

Persons: Dow, Tuesday's, Dow Jones, Sonu Varghese, Brown, Forman, Daniel's Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Conference, U.S . Bureau of Labor Statistics, Treasury, Federal, Carson Group, Dow Locations: New York City

☆ Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices
▼ + stars: | 2023-06-22 | by ( Stefan Sykes | ) www.cnbc.com time to read: +11 min

For companies like Target and Disney, it is unclear if boycotts will hit sales. The company said it has not changed any policy on decorations and is encouraging stores to celebrate Pride Month. Despite the mounting headlines and sustained criticism of Bud Light, corporate boycotts are "overstated," and those offended by campaigns tied to Pride Month are in the "minority," Ellis said. Bud Light appears to be an outlierIn April, the brewer ran a March Madness promotion with trans influencer Dylan Mulvaney, who shared a customized Bud Light can on Instagram. Justin Sullivan | Getty ImagesIt isn't just Bud Light — brands across the board are facing calls to boycott their goods or services.

Persons: Gene Kim, Bud Light, Anson Frericks, Starbucks baristas, Sarah Kate Ellis, Ellis, Dylan Mulvaney, Brendan Whitworth, — Alissa Heinerscheid, Daniel Blake —, Bump Williams, Busch, Frericks, Bud, Marcel Marcondes, Marcondes, Justin Sullivan, Jack Daniel's, Lawrence Glickman, Glickman, baristas, hasn't, Disney isn't, Ron DeSantis, Lindsey Roeschke, Brayden King, King, David Cliff, Nurphoto Organizations: Anheuser, Busch, Target, Disney, Starbucks, Pride Month, Target's, Pride, GLAAD, Mulvaney, CNBC, Gay, Chamber, Commerce, Cannes Lions International, Creativity, Brands, Kohl's, Nike, Adidas, Ford, Associated Press, American Studies, Cornell University, Consumer, Walt Disney Co, Florida Gov, Brand Intelligence, Morning, Northwestern University, Getty Locations: U.S, America, San Francisco , California, Oklahoma, Florida

The decision is likely to force companies to toe a more careful line when making commercial products that mimic other brands for the sake of parody, legal experts said. The Rogers test is "not appropriate when the accused infringer has used a trademark to designate the source of its own goods - in other words, has used a trademark as a trademark," Justice Elena Kagan wrote. Other experts said the decision leaves space for the First Amendment to apply to parody products. "The likelihood of confusion analysis will still take the challenged product's funny message into account," Brannen said. (This story has been refiled to change dateline to June 12)Reporting by Blake Brittain in WashingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Brown, Forman, Jack Daniel's, Rogers, infringer, Elena Kagan, Kagan, Megan Bannigan, Plimpton, Bannigan, VIP, Doug Masters, Loeb & Loeb, Masters, Alexandra Roberts, Roberts, Elizabeth Brannen, Maher, Brannen, Blake Brittain Organizations: U.S, Supreme Court, Constitution, VIP Products, MCA Records, Mattel, Debevoise, Loeb &, Northeastern University, Stris, Thomson Locations: Danish, Washington

Jack Daniel's Properties Inc is owned by Louisville, Kentucky-based Brown-Forman Corp (BFb.N). The dispute pitted the whiskey brand's trademark rights against legal protections for creative expression - in this case a send-up by Phoenix-based VIP Products of Jack Daniel's Old No. Jack Daniel's spokesperson Svend Jansen said the company was pleased with the decision. "Jack Daniel's is a brand recognized for quality and craftsmanship, and when friends around the world see the label, they know it stands for something they can count on. Circuit Court of Appeals in 2020 ruled in favor of VIP Products on two grounds.

Persons: Jack, Read, Jack Daniel's, Elena Kagan, Brown, Kagan, Svend Jansen, Jansen, Ginger Rogers, Ginger, Fred, Federico Fellini, Fred Astaire, Rogers, infringer, Joe Biden's, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, VIP Products, Inc, Forman Corp, VIP, Rogers, New, Circuit, Appeals, Hollywood, Thomson Locations: Washington, WASHINGTON, Louisville , Kentucky, Phoenix, Tennessee, New York, San Francisco

☆ Supreme Court rules for Jack Daniel’s in ‘poop-themed’ dog toy trademark fight
▼ + stars: | 2023-06-08 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +2 min

The Supreme Court on Thursday ruled in favor of Jack Daniel's in a trademark fight over "poop-themed" dog toys that resemble the company's famous whiskey bottles. Justice Elena Kagan, writing for the court, said that VIP's alleged infringement of the Jack Daniel's trademark "falls within the heartland of trademark law, and does not receive special First Amendment protection." 7" label on Jack Daniel's bottles. Circuit Court of Appeals in 2020 ruled in favor of VIP Products, saying its toys are protected under the First Amendment, which prompted Jack Daniel's to seek further review from the Supreme Court. Various companies, including Nike , Campbell Soup and American Apparel, filed briefs backing Jack Daniel's, saying the appeals court's interpretation of the law threatened trademark protections that shield the value of iconic brands.

Persons: Jack Daniel's, Elena Kagan, Campbell Soup Organizations: VIP Products, U.S, Circuit, Nike, Apparel, Electronic Frontier Foundation

WASHINGTON, March 22 (Reuters) - The U.S. Supreme Court on Wednesday is set to hear a trademark clash between Jack Daniel's and a dog accessory company behind a parody chew toy resembling the distiller's widely recognized black-label whiskey bottle. The dispute pits the whiskey brand's trademark rights against legal protections for creative expression - in this case a send-up by Phoenix-based VIP Products LLC of Jack Daniel's Old No. A 2,300-strong group of authors took the opposite view, saying a win for Jack Daniel's could lead to a "catastrophic chilling effect" over worries that creative expression might spark litigation. The 9th Circuit said the Bad Spaniels toy was an "expressive work" and thus potentially shielded under the First Amendment from Jack Daniel's trademark infringement claim. President Joe Biden's administration supports Jack Daniel's appeal.

Jack Daniel's Properties Inc is owned by Louisville, Kentucky-based Brown-Forman Corp (BFb.N). "I'm concerned about the First Amendment implications of your position," conservative Justice Samuel Alito told an attorney for Jack Daniel's, referring to the constitutional provision enshrining free-speech protections. "Could any reasonable person think that Jack Daniel's had approved this use of the mark?" Jack Daniel's also contested a finding by the San Francisco-based 9th U.S. "This is a standard commercial product," Kagan told a lawyer for VIP Products, Bennett Cooper.

☆ Supreme Court to hear trademark dispute case over Jack Daniel's whiskey and poop-themed dog toy
▼ + stars: | 2023-03-19 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The Supreme Court is set to hear arguments in a case over a dog toy modeled after a Jack Daniel's bottle. Lower courts have differed on whether the toy harms Jack Daniel's brand or is protected expression. "But VIP's profit-motivated 'joke' confuses consumers by taking advantage of Jack Daniel's hard-earned goodwill." "The Bad Spaniels dog toy, although surely not the equivalent of the Mona Lisa, is an expressive work," Judge Andrew Hurwitz wrote in the ruling. Jack Daniel's did not immediately respond to Insider's request for comment.

Some companies have expressed concern that a ruling against Jack Daniel's would weaken their control over their brands and reputations. The toy mimics Lynchburg, Tennessee-based Jack Daniel's famous whiskey bottles with humorous dog-themed alterations - replacing "Old No. "Jack Daniel's loves dogs and appreciates a good joke as much as anyone," the company told the justices in a brief. "But Jack Daniel's likes its customers even more, and doesn't want them confused or associating its fine whiskey with dog poop." VIP Products has said a ruling favoring Jack Daniel's would make it easier for trademark owners to stifle free speech.

☆ Brown-Forman misses quarterly profit estimates as costs weigh
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

March 8 (Reuters) - Brown-Forman Corp (BFb.N) missed Wall Street expectations for third-quarter profit on Wednesday, as the Jack Daniel's whiskey maker struggled to keep a tight lid on costs. Spirit makers such as Brown-Forman have had to raise prices to shield their margins from soaring transportation and input costs. The company's selling, general and administrative expenses rose 14% to $186 million in the quarter. On an adjusted basis, the company earned 25 cents per share, missing analysts' average estimate of 47 cents, according to Refinitiv data. The Louisville, Kentucky-based company's quarterly revenue rose 4.2% to $1.08 billion, edging past analysts' expectations of $1.01 billion.

☆ The founder of Uncle Nearest Premium Whiskey, the best-selling Black-owned spirit brand in the US, explains how she reached $100 million in sales
▼ + stars: | 2023-02-18 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Fawn Weaver founded Uncle Nearest Premium Whiskey, the US's best-selling Black-owned spirit brand. Uncle Nearest has generated more than $100 million in sales since its launch, information Insider verified with documentation. Uncle Nearest Premium Whiskey. In 2017, Weaver opened the Nearest Green Distillery and launched Uncle Nearest Premium Whiskey, making storytelling the foundation of her brand's success. Fawn Weaver, founder and CEO of Uncle Nearest Premium Whiskey.

☆ Cramer’s week ahead: Markets need a strong job market, tame inflation to stay up
▼ + stars: | 2022-12-02 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

But if the job market stays strong and inflation stays tame, we could be in for still one more very good week," he said. Tuesday: AutoZone, Toll Brothers, SentinelOneAutoZoneQ1 2023 earnings release at 6:55 a.m. Wednesday: Campbell Soup, Ollie's Bargain Outlet Holdings, Brown-Forman, Lowe'sCampbell SoupQ1 2023 earnings release at 7:30 a.m. Brown-FormanQ2 2023 earnings release at 8 a.m. ETProjected EPS: $1.96Projected revenue: $1.81 billionCramer said he's betting Lululemon will beat Wall Street expectations in its latest quarter.

☆ Supreme Court takes up Jack Daniel's case against dog toy compamy
▼ + stars: | 2022-11-22 | by ( Colbi Edmonds | ) www.nbcnews.com time to read: +2 min

Jack Daniel’s Whiskey has a bone to pick with a dog toy company, and the Supreme Court on Monday agreed to hear their case. VIP Products, an Arizona-based company, makes dog toys that resemble Jack Daniel's iconic whiskey bottles. Jack Daniel’s is arguing that the toys are a violation of federal trademark rights and tarnish the company’s brand. "VIP has never sold whiskey or other comestibles, nor has it used “Jack Daniel’s” in any way (humorously or not). The high court will likely hear arguments in the Jack Daniel's case early next year.

☆ Supreme Court agrees to hear Jack Daniel's trademark case against dog toy company
▼ + stars: | 2022-11-22 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

The Supreme Court has agreed to take up a trademark case centered around a squeaky dog toy that's "43% Poo by Vol." The court on Monday agreed to hear the trademark dispute brought by whiskey maker Jack Daniel's against VIP Products, an Arizona-based company that sells products mimicking liquor, beer, wine and soda bottles. It features a cartoon spaniel on its front and references to Jack Daniel's Old No. In a 2020 ruling, the U.S. Court of Appeals for the 9th Circuit sided with VIP Products, prompting Jack Daniel's to seek further relief from the Supreme Court. The court will likely hear arguments in the Jack Daniel's case early next year.

Phoenix-based VIP's toy mimics the design of the Jack Daniel's bottle with comical dog-themed text alterations, like replacing "Old No. After Jack Daniel's sent a cease-and-desist notice, VIP asked an Arizona federal court in 2014 to rule that its toy did not infringe the whiskey company's trademark rights. Circuit Court of Appeals in 2020 overturned a judge's ruling in favor of Jack Daniel's, finding that VIP's toy was a creative work with a "humorous message" that was entitled to First Amendment protections. The Supreme Court last year rejected a request by Jack Daniel's to reconsider that ruling. Jack Daniel's told the high court that the decision made it "virtually impossible to stop misleading or tarnishing use of a mark whenever a copycat deploys 'humor.'"

☆ See the first 36 groups that won coveted licenses to sell recreational cannabis in New York, including Housing Works and The Doe Fund
▼ + stars: | 2022-11-21 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +4 min

New York regulators announced the first 36 groups who'll be able to sell cannabis in the state. The 36 licensees include 28 groups of "justice-involved" individuals, who have been convicted of prior cannabis-related offenses in New York state and also have experience running profitable businesses. Wright has repeatedly said that cannabis sales would begin in New York before the end of the year. That means companies are unable to own both a cultivation facility and a retail store, unlike in some other states with legal cannabis markets. The regulations also outline different license types to be awarded in the future, including supply-side licenses, microbusinesses, and retail stores.

SummarySummary Companies Sees FY profit between 860 mln euros-900 mln eurosSees consumer demand suppression in Q4, 2023Shares rise 4%Nov 8 (Reuters) - Coca-Cola HBC AG (CCH.L) raised its full-year profit forecast on Tuesday, as the soft drinks bottler benefited from resilient demand and said price rises and promotions would protect profits. Inflation at multi-year highs has pinched household budgets and forced consumers to cut their spending, but Coca-Cola is among the packaged food makers enjoying steady demand. Chief Executive Zoran Bogdanovic said trading in the fourth quarter and 2023 "might get harder because of consumer demand suppression," but added the company planned to overcome it with pricing and promotional plans. Chief Executive Zoran Bogdanovic told Reuters its factories in Russia had reduced operations and it had cut jobs in double digits. HBC raised its expectations for comparable operating profit to between 860 million euros and 900 million euros ($860.43 million and $900.45 million) for 2022, compared with an earlier forecast of between 740 million euros and 820 million euros.

Search resuls for: "Jack Daniel's"

25 mentions found