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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. It was one of the best jobs I've ever had, and I've had a lot of jobs. I also realized that at 57, I'm no longer willing to do work I'm not genuinely interested in. My passion is writing, and I've finally reached a point where I'm fortunate to be able to pursue it. When I called my son to tell him the job didn't work out he said, "From now on, passion projects only."
Persons: , I've, I'm, I'd, résistance, Kelly Ripa's, wouldn't Organizations: Service, Business, Cinco de Mayo, Philadelphia Eagles Locations: waitressing, , Cinco de
The U.S. stock market will be closed Thursday for the Fourth of July holiday. Economic data The main event is Friday's June nonfarm payrolls report, which is among the most important monthly data releases for investors. The ADP report isn't as market moving as the nonfarm payrolls report, but expect investors to use to game the nonfarm payrolls report out later in the week. The June ISM Services report on Wednesday also will shed light on services in the U.S. economy. ET: Nonfarm Payrolls (Jim Cramer's Charitable Trust is long STZ.
Persons: Dow, we're, Jim Cramer, Donald Trump, Joe Biden, Democrats —, Thursday's, , we'll, nonfarm payrolls, Dow Jones, Payrolls, Jim Cramer's, Jim, Michael Nagle Organizations: Nasdaq, Dow Jones, Walgreens, Nike, Republicans, Democrats, Energy, Utilities, Constellation Brands, Labor, Corona, Cinco, Industrial, Markets, CNBC, Bloomberg, Getty Locations: U.S
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer suggested some of Apple's AI commentary Thursday night could be a factor in the Google parent's stock move. We continue to believe the market is underappreciating Coterra's ability to pullback production in natural gas in favor of oil. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, That's, Jim, Tom Jorden, Jorden, Nelson Peltz, Peltz, Jim Cramer's Organizations: CNBC, Apple, Conference, Nasdaq, Google, Federal Reserve, Institute for Supply, Coterra Energy, Diamondback Energy, Cinco, Cinco de Mayo, Constellation Brands, Corona, Modelo, Disney, Jim Cramer's Charitable Locations: U.S, Cinco de
Álvarez is putting all four of his super middleweight belts on the line as he takes on Munguía. After the fight, Munguía said it would be an “honor” to fight his compatriot Álvarez, who is still one of the biggest names in boxing. Patrick T. Fallon/AFP/Getty ImagesThe Oscar De La Hoya factorFormer boxing great Oscar De La Hoya is Munguía’s promoter. “Let me give you exactly what happened, why he is so mad at me,” De La Hoya said. At age 20, the American became the youngest super middleweight title holder in the history of the sport.
Persons: Álvarez, Jaime Munguía, it’s, ” Álvarez, , Russian Dmitry Bivol, Julio César Chávez, , Katelyn Mulcahy, John Ryder, Munguía, Charlo, Dmitry Bivol, Patrick T, Fallon, De, Oscar De La, Eddie Hearn, I’ve, Hearn, De La Hoya, FightHype, ” De, ” De La Hoya, Eddie Reynosa, Ryder, Hector Vivas, David Benavidez, Floyd Mayweather Jr, ” Mayweather Jr, Español Organizations: CNN, Cinco de Mayo, WBC, WBA, WBO, IBF, Beverly Hills Hotel, Getty, Briton, Mobile, Boxing YouTube, De La, De La Hoya, Munguía, boxing’s Locations: France, Puebla, Las Vegas, Russian, Beverly, Tijuana , Mexico, Las Vegas , Nevada, AFP, Hoya, De La Hoya, Oscar De La Hoya, , ” De La, American
The cost of the wedding dress I had my heart set on was $700. One of my officemates loved tuna and agreed to be my taste tester. Related storyI got the green light, and before I knew it, there was a buzz around the office about "Jen's Tasty Tuna Wraps." Tuna wraps were on the menu and found new fans. A friend recently told me, "I still dream of your tuna wraps, Jen!"
Persons: , I'd, Paul, romaine, Jennifer Cannon's, Jennifer Cannon, we've, I've, Jen Organizations: Service, Navy, Business, Coast Burrito Co, Cinco de Mayo, Philadelphia Eagles, Garden State Locations: China, Ridgecrest , CA, Redlands, California, Philadelphia, Southern New Jersey, Cinco de, Garden, Southern California
Constellation Brands stock is looking like it could be ready to break out, with its strong beer business well-positioned for market share gains in the upcoming fiscal year. Morgan Stanley anticipates Constellation to continue gaining market share at the expense of Bud Light during this period. Since Constellation tends to boast industry-leading results in its beer business, we're confident it will deliver strong numbers again next week. Over the past few years, Constellation has been trying to boost sales in its wine and spirits business — shifting from lower-priced brands to more premium names. While wine and spirits make up a small part of Constellation's overall business, Jim has said it must go.
Persons: It's, Jim Cramer, Morgan Stanley, Jeff Marks, Jim, Bud Light, Marks, Piper Sandler, Newlands, Kim Crawford, Eli Lilly, Elliott, Jim Cramer's, Justin Sullivan Organizations: Constellation Brands, Anheuser, Busch Inbev, Modelo, Nielsen, Cinco de Mayo, Bud Light, Constellation, Piper, Elliott Investment Management, CNBC Locations: Corona, Pacifico, U.S, GLP, Modelo, San Rafael , California
In addition to Diaz, the lawsuit names Merkley+Partners and its parent company Omnicom Group as defendants. Merkley+Partners is a 30-year-old full-service ad firm that has created campaigns for brands including Mercedes-Benz, White Castle, and Florida's Natural. "You went down on me, I went down on you, we had sex," the lawsuit says Diaz told the plaintiff. The lawsuit also says O'Rear was "treated in a cruel and callous fashion" during the firm's investigation. O'Rear's attorney told BI she was no longer working at the ad agency but declined to comment further.
Persons: , Armando Diaz, Diaz, Merkley, we've, Erin Johnson, Walter Thompson, Mr, O'Rear, I'm, Armando Organizations: Service, New York, Business, Partners, Omnicom Group, Mercedes, Benz, Merkley, WPP, Industry, de Mayo Locations: New York City, Manhattan, White, de
Once again, Chipotle is staffing up ahead of " burrito season ." And once again, the people are asking: "What the hell is burrito season?" Burrito season, the company says, represents its busiest time of the year. When I asked a spokesperson for Chipotle to shed some light on the mysteries of burrito season, her answer was both straightforward and perplexing. But after confirming the existence of burrito season, I was still left with two big questions.
Persons: Chipotle, chow, , Kyle Murray, Justin Seitzler, Seitzler, Emily Stewart Organizations: Cinco de Mayo, CFRA Research, Bureau of Labor Statistics, University of Alberta, Hamptons, Business Locations: Cinco, burritos, Chipotle, El, New York
Alvaro Luque is the president and CEO of Avocados from Mexico. Luque is excited to work with Gen Z, which he called "the new wave of consumers for the future." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Avocados don't get boring at all," Alvaro Luque, the president and CEO of Avocados from Mexico, told Business Insider. Our new campaign is based on our jingle, to try to really focus on the real sound that makes Avocados from Mexico great.
Persons: Alvaro Luque, Gen, , Mexican Hass, Mexico —, Luque, millennials, X, we're Organizations: Service, Packers, Labor, Super Bowl, Cinco de Mayo Locations: Mexico, Luque, Business, Mexican, America
"Tequila has been such a national treasure here in Mexico," said Guilherme Espagnoli Martins, global brand director of Diageo-owned Don Julio Tequila. The Mexican beer boomIt's not just tequila and mezcal — Mexican beer is booming, too. Mexican beer imports into the U.S. are up 10.6% in 2023, according to alcohol research firm Bump Williams Consulting. watch nowA spokesperson for Constellation told CNBC that Mexican beer sales grew as Hispanic culture gained a stronger foothold around the world. Constellation on Thursday reported quarterly results that topped Wall Street estimates, driven by the surge in demand for its Mexican beer brands.
Persons: Mario Tama, Lea, Tequila, Guilherme Espagnoli Martins, Don Julio Tequila, Don Julio, George Clooney, Martins, Don, Don Julio Tequila Blanco, Bump, Bud Light, Cowen, Vivien Azer, InBev's Bud, Constellation's, Azer, Jonnie Cahill, Tecate, Cahill, Heineken's, It's, Dos Equis, Eduardo, Lalo, González, LALO Blanco Tequila, Don Julio González Organizations: Modelo Especial, Getty, U.S, Experts, Diageo, CNBC, Bump Williams Consulting, Mexico's Modelo Especial, Constellation, Modelo, Constellation Brands, Anheuser, Busch InBev, InBev's, Heineken USA, Cinco de Mayo, Dos, Corona Locations: Los Angeles , California, U.S, Mexico, The U.S, United States, British, Mexican, Modelo, Dos
Net sales for the three months ended Aug. 31 climbed 7% year-over-year, to $2.84 billion, ahead of Wall Street's expectations of $2.82 billion, according to Refinitiv. Quarterly results Beer sales climbed 12% year-over-year, to $2.4 billion. Those factors more than offset tailwinds of sales growth, positive pricing dynamics and efficiency gains. Modelo Especial remains the top brand share gainer and leading brand "in the entire U.S. beer category in dollar sales." The company expects "net sales growth and operating income growth of that business to ramp up through the remainder" of fiscal year 2024.
Persons: , Depletions, I'm, Bill Newlands, Newlands, Jim Cramer's, Jim Cramer, Jim, Susana Gonzalez Organizations: Constellation Brands, Constellation, Modelo Especial, Cinco de, Labor, Wall Street, Management, CNBC, Constellations Brands Inc, Grupo Modelo, Bloomberg, Getty Locations: Modelo, Corona, U.S, Cinco de Mayo, Zona Rosa, Mexico City
“Nobody can beat this Canelo,” Alvarez said after he thoroughly dominated Jermell Charlo to retain his unified super middleweight championship. Round after round, Alvarez backed up Charlo, throwing one punch after another at his midsection. Finally, in the fifth, Charlo delivered some shots than landed on Alvarez in what was easily his best round. Perhaps feeding off the end of that round, Alvarez went back to being in control in the sixth. About minute into the seventh round, Alvarez sent Charlo to his right knee with a right hook and right uppercut.
Persons: Saul “ Canelo ” Alvarez, ” Alvarez, Alvarez, Charlo, , Terence Crawford, “ I’ll, ” Charlo, Mauricio Sulaiman, David Benavidez, “ Cinco de Organizations: LAS VEGAS, WBC, “ Cinco de Mayo, Houston Locations: Mexican, Benavidez
CNN —The student newspaper for Northwestern University said at least three former students of its football program detailed what it described as a pattern of racism from coaches and players. “I didn’t feel like I could be anything other than White,” former player Ramon Diaz Jr. said, according to the paper. Northwestern University announced Monday it had fired longtime head football coach Pat Fitzgerald. The move came after allegations of hazing within the Wildcats football program. One teammate asked him why he didn’t play soccer instead of football,” The Daily Northwestern’s reporting said.
Persons: , Ramon Diaz Jr, White, Pat Fitzgerald, Fitzgerald, , ” Fitzgerald, didn’t, Schill “, Bryan Harlan, Dan Webb, Strawn, ’ Diaz, , “ Diaz, , Mayo ’, Jon Yates, Coach Fitzgerald, ” Yates Organizations: CNN, Northwestern University, The Daily, Wildcats, Winston, Strawn LLP, The, The Daily Northwestern, ‘ Cinco, Mayo, ” CNN, University Locations: The Daily Northwestern, Illinois, The Daily
New York CNN —America’s top-selling beer is no longer American. Modelo Especial, the Mexican lager brewed near Mexico City by Constellation Brands, became the top-selling beer in May, overthrowing Bud Light from the top spot it has held for more than two decades. The fall from the top further highlighted how much trouble the Anheuser-Busch brand is in following transgender influencer Dylan Mulvaney’s Instagram post showing off a customized Bud Light can. Dollar sales were equally grim for Bud Light during that period, with sales falling 24.4%, while Modelo’s grew 12.2%. Modelo Especial overtook Bud Light sales in May.
Persons: New York CNN —, Bud Light, influencer Dylan Mulvaney’s, Bump Williams, ” Williams, Justin Sullivan, Williams, Greg Gallagher, , BUD, Bud Organizations: New, New York CNN, New York CNN — America’s, Modelo Especial, Constellation Brands, Anheuser, Busch, Modelo, , CNN, Modelo Oro, Bud Light, Cinco de Mayo, Mulvaney Locations: New York, Mexico City, Cinco de, Belgium
For the past several weeks, Bud Light sales declines have hovered around 25% weekly because of customer revolt following an Instagram partnership with transgender influencer Dylan Mulvaney. In response, Anheuser-Busch (BUD) said it was bolstering marketing on Bud Light and would offer rebates to customers. Bud Light has made up 35.1% of domestic beer sales this year (through May 27), according to NIQ. The biggest beneficiaries of Bud Light’s slipping sales continue to be MolsonCoors’ Miller Light and Coors Light, with sales up a whopping 26% and 23% respectively, according to NIQ. Sales of its Modelo Especial and its recently launched low-carb beer Modelo Oro are strong with sales up 9.5% and its share of the total beer category surpassing Bud Light last week, Williams said.
Persons: New York CNN —, Bud Light, Bump Williams, Bud, influencer Dylan Mulvaney, BUD, Williams, Bud Light’s, NIQ, ’ Miller Organizations: New, New York CNN, Memorial, Bud Light, Anheuser, Busch, CNN, Coors, Beer Business, Modelo, Constellation Brands, Modelo Especial, Cinco de Mayo Locations: New York, America, United States, Beer, Oro, Cinco
In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.
Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego
“Many things have happened [in my career] for the better and mistakes or not, it has always been for the better. With more than 130,000 people in the stadium that day, it remains one of the biggest attendances in boxing history. “I feel very happy and I hope to be a good example for them. But if Ryder wins on Saturday, it will go down as one of the greatest upsets in the history of the sport. If you’re in the US or Canada, you can watch on DAZN pay-per-view and in the UK with a DAZN subscription.
These are actual questions people asked on Google and other search engines about the Mexican holiday, which is a bigger deal in the US than it is in Mexico. Cinco de Mayo. Many Americans assume Cinco de Mayo is Mexico’s Independence Day. It’s not a federal holiday, although the day is celebrated in the Mexican state of Puebla with parades and fireworks. If your party game is strong, Cinco de Mayo could even be a state of mind.
Arguably the biggest financial conference of the year just wrapped in Beverly Hills. Insider's Dakin Campbell, who was on the ground at Milken, has a report on the five biggest topics discussed this year. Dakin's report got me thinking about how Milken stacks up against another high-profile conference: Davos. Milken is also designed, thanks to its namesake, with a keen eye on what the finance industry wants, he added. Click here to read more about the biggest topics being discussed at the Milken Conference.
To be reimbursed, diners must order a Teremana cocktail from a local restaurant, and upload the receipt to the official site. Johnson's Teremana tequila is offering diners free "guac on The Rock" with the purchase of a cocktail using the brand's tequila as an ingredient. "Get ready for some free guacamole to pair with your delicious Teremana cocktail," Johnson and Teremana wrote on Instagram. Ordering a Teremana cocktail isn't the only term of the nationwide deal. In an Instagram announcement for the brand, Johnson wrote "TERA is meant to represent 'Terre' which means of the earth and MANA is our powerful Polynesian spirit that guides us."
Constellation Brands (STZ), the maker or Corona beer and other alcoholic drinks, reported mixed quarterly results on Tuesday. Bottom line Despite the top-line miss, we like what we're seeing this current quarter, which includes Cinco de Mayo, a big day for beer sales. Beer operating margin contracted as higher prices were more than offset by higher packaging, raw materials, logistics and other costs. Additionally, operating cash flow is expected to come in between $2.4 billion and $2.6 billion, below the 3.06 billion expected coming into the quarter. Taking out capital expenditures of $1.2 billion to $1.3 billion, the free-cash-flow forecast comes in between $1.2 billion and $1.3 billion, also a bit short versus the $1.4 billion expected coming into the print.
Argentine jets were poised to strike when the usually turbulent South Atlantic winds took a mild turn. Few of the half-dozen Argentine aviators expected to survive the attack, dubbed "Banzai Night" after the famous Japanese battle cry. Government of ArgentinaIronically, the Veinticinco de Mayo was originally a British carrier named the HMS Venerable launched by the Cammell Laird shipyard near the end of World War II. After a damaging boiler-room fire, the Karel was sold in 1969 to the Argentine Navy which extensively modernized and rebuilt the 25-year-old vessel. The Harrier and the Sea DartSea Harrier jump jets aboard HMS Hermes in the South Atlantic on May 1, 1982.
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