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☆ Americans tired of sky-high borrowing costs will be disappointed this week
▼ + stars: | 2024-06-10 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Another month, another hot jobs report that has Wall Street wondering when the Federal Reserve will finally cut interest rates. On the other, it puts long-awaited interest rate cuts from the Federal Reserve on the back burner. Before the Bell: Do you think the Fed could lower its projection for three quarter-point rate cuts this year? Is it concerning that the European Central Bank and Bank of Canada have begun cutting rates before the Fed? A Samsung spokesperson told CNN that, “there is no impact on production and management activities” as a result of the one-day walkout.

Persons: Bell, Nate Thooft, I’m, that’s, Yoonjung Seo, —, Son Woomok, Matt Egan, Lina Khan, Beam, Robinson Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Manulife Investment Management, Reserve, European Central Bank, Bank of Canada, European Central Bank and Bank of Canada, Workers, Samsung Electronics, Nationwide Samsung Electronics Union, CNN, Reuters, Samsung, SK Hynix, Micron Technology, Federal Trade Commission, Southern, Biden, FTC, Politico Locations: New York, South Korea, Miami, United States

☆ How a Depression-era law could be used to make your booze cheaper
▼ + stars: | 2024-06-07 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Southern Glazer’s, based in Miami and operating in 44 US states, is the largest wine and spirits distributor in the United States. Abandoned antitrust law from 1936The FTC lawsuit, previously reported by Politico, could come in the next few weeks and would rely on the Robinson-Patman Act of 1936, the source said. That Depression-era law prohibits suppliers from providing deeper discounts to large chains than to smaller stores. At the time, the antitrust law was aimed at helping smaller grocers survive when A&P and other chains dominated with lower prices. However, a person familiar with the matter said Southern Glazer’s discounts are available to all retailers where permitted by state law.

Persons: Lina Khan, Beam, Robinson, it’s, McCormick, “ It’s, It’s, hasn’t, Alden Abbott, Trump, ’, ”, Abbott, George Mason University’s, “, Patman, Ed Schwartz, Reed Smith, Lee Hepner, Hepner, Chris Jones, Jones, Schwartz, Khan Organizations: CNN, Federal Trade Commission, Southern, Biden, FTC, Politico, Walmart, Patman, RPA, Congress, American Economic Liberties, National Grocers Association, Street Competition Coalition, Southern Glazer’s Locations: Miami, United States, Southern

☆ Irish whiskies are doing the unthinkable - adding flavors
▼ + stars: | 2024-03-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +5 min

New York CNN —On St. Patrick’s Day, throwing back an Irish whiskey might taste different than it used to. Flavored whiskey is a $1.5 billion category and accounts for 20% of all US whiskey sales. In the past few years, flavored whiskey sales have outpaced unflavored whiskey, according to Southern Glazer’s distributors. But with younger drinkers gravitating toward punchier flavors, Irish brands “have to be much more flexible than their historical beliefs have been,” he told CNN. Flavors are “a good way to get them into the brand and into the whiskey category, and certainly into Irish whiskey,” Basford said.

Persons: Patrick’s, “, ”, Lander Otegui, Bushmills, Jameson, Conor McGregor’s, Otegui, Honey, Paul Basford, William Grant, Basford, Jack Daniel’s, Jim Beam, ” Jon Berg, ” Basford, ” Otegui Organizations: New, New York CNN, CNN, Tullamore D.E.W, Tullamore, NIQ Locations: New York, St, Southern, Tullamore D.E.W, Tullamore

☆ Wine at Wegmans? Not in New York, if Liquor Stores Can Help It.
▼ + stars: | 2023-05-31 | by ( Luis Ferré-Sadurní | ) www.nytimes.com time to read: +2 min

The two main alcohol distributors in the state, Southern Glazer’s Wine & Spirits and Empire Merchants, have collectively spent at least $120,000 since the year began on lobbying state officials, disclosure records show. The families that own Southern Glazer’s, which is the largest liquor distributor in the United States and based in Florida, also contributed at least $25,000 to Ms. Hochul’s campaign last year. The commission failed to reach consensus on some of the most contentious issues, such as allowing grocery stores to sell wine. It is now up to lawmakers to decide whether to turn the proposed changes into legislation. law, introduced a bill that incorporated the commission’s recommendations.

Persons: Hochul’s, ”, Harry Bronson, “, James Skoufis Organizations: Empire Merchants, Rochester Democrat, Anheuser, Busch, State Senate, Hudson Valley Democrat Locations: Southern, United States, Florida, logjam, Albany, State, Hudson Valley

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