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☆ Ad campaigns on Netflix's cheaper ad-supported tier have missed targets and the streamer is letting advertisers take their money back
▼ + stars: | 2022-12-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Some advertisers' campaigns on Netflix's new ad-supported tier have fallen significantly short of expectations. The streamer was aggressive in signing on advertisers but didn't market the tier with viewers before launch. One month into Netflix's launch of a cheaper, ad-supported tier, it's running into some growing pains. Netflix is letting advertisers take money back after some ad campaigns fell short of their viewer targets, with some delivering around 70% of their estimated targets while others hit as little as half that, according to multiple ad agency execs. Netflix estimated the ad tier would have 40 million viewers by late 2023, the Wall Street Journal reported.

☆ Morgan Stanley turns bullish on China stocks, giving them serious upside potential
▼ + stars: | 2022-12-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley has turned bullish on China stocks for the first time in nearly two years as the country embarks on a "clear path set towards reopening." It had held its equal weight rating on Chinese stocks since Jan. 2021 and was last overweight on China in March 2020. Morgan Stanley also gave the major Chinese stock indexes large potential upsides. Morgan Stanley recommended investing in offshore Chinese stocks. Stocks set to benefit Morgan Stanley highlighted a list of stocks it said are set to benefit from the easing in China.

DOHA, Nov 29 (Reuters) - Soccer fans at the almost alcohol-free World Cup are ready to pay high prices for a beer, a few have tried to smuggle booze into stadiums but most simply accept that drinking is off limits at the first tournament in a Muslim country. A video shared on Twitter showed security staff seizing what appeared to be a pair of binoculars turned into a secret booze bottle by a Mexico fan trying to get into his country's match against Argentina on Saturday, which Mexico lost 2-0. But most supporters seem to understand that, for this tournament, old habits will have to be put on hold. Spain fan Raimundo Oujo, a businessman from La Coruna, said the mood in the stadiums was a little less charged than usual as a result of the booze ban. "Let's celebrate some other way, or you can also celebrate when you come back home and then you can have a big party."

☆ Here are Monday's biggest analyst calls: Amazon, Apple, DraftKings, Tesla, Live Nation & more
▼ + stars: | 2022-11-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: JPMorgan reiterates Apple as overweight JPMorgan said its survey checks show Apple's iPhone Pro lead times are moderating. JPMorgan names Amazon a top idea heading into 2023 JPMorgan said Amazon is the "most diversified mega-cap across revs & profit & has numerous large growth opportunities." Morgan Stanley downgrades Aptiv to equal weight from overweight Morgan Stanley said in its downgrade of the auto tech supplier that it thinks Aptiv will be affected by a slower rollout of electric vehicles. Morgan Stanley downgrades Williams-Sonoma to underweight from equal weight Morgan Stanley said in its downgrade of Williams-Sonoma that "negative revisions are set to begin." JPMorgan downgrades First Solar to neutral from overweight JPMorgan downgraded the solar stock mainly on valuation.

☆ Superyacht rentals, private jets and a soccer-themed hotel: Dubai is cashing in on the Qatar World Cup
▼ + stars: | 2022-11-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

A yacht that can be rented to watch the World Cup while sailing around Dubai is docked in Dubai harbor on November 1, 2022, ahead of the Qatar 2022 FIFA World Cup football tournament. Paul Griffiths, CEO of Dubai Airports, in August called Dubai "the major gateway" to the World Cup and predicted it would see more tourists than Qatar itself. Getty Images | A general view of the West Bay area ahead of the FIFA World Cup Qatar 2022 at on November 18, 2022 in Doha, Qatar. "Its tourism infrastructure and straightforward entry requirements make it a convenient base for World Cup fans." Dubai, meanwhile, as a city has more than 140,000 hotel rooms, according to hotel data firm STR.

☆ Budweiser plans to ship unsold beer to the country that wins the World Cup, after Qatar's sudden U-turn on selling alcohol in the stadiums
▼ + stars: | 2022-11-24 | by ( Britney Toh | ) www.businessinsider.com time to read: +2 min

Qatar suddenly banned the sale of alcohol in World Cup stadiums, despite previously allowing this. It tweeted an image of a mountain of beer cases and said it will ship the unsold brew to the World Cup 2022 winner. Just a day later, Anheuser-Busch InBev, the maker of Budweiser, announced on Twitter it plans to give away its huge surplus of unsold alcoholic beer to the winner of the 2022 World Cup. "Budweiser wants to bring this celebration from the FIFA World Cup stadiums to the winning country's fans. Budweiser holds an around $75 million deal with soccer's governing body FIFA to supply beer at the World Cup 2022, and another deal worth around $113 million for the World Cup 2026, per The Sun.

☆ A $2 hot dog changed this Michelin-starred restaurateur's entire approach to business
▼ + stars: | 2022-11-22 | by ( Natasha Piñon | ) www.cnbc.com time to read: +4 min

Not exactly the kind of place you'd expect a food cart hot dog to make a cameo. He dashed outside to a nearby cart to buy a hot dog, convinced a chef accustomed to preparing four-star meals to serve it and delivered a $2 hot dog with Michelin-level garnishes to a table of unsuspecting tourists. "No one had ever reacted to anything I served them better than they reacted to that hot dog," Guidara said. To that end, he offered three pieces of advice for incorporating unreasonable hospitality into your own life or business. In other words, a bottle of champagne would have been nice, but nothing could match the exact hot dog those guests craved.

☆ 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.

☆ We now know what Budweiser will do with the beer it can’t sell at the World Cup
▼ + stars: | 2022-11-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —Qatar’s last-minute decision to ban alcohol at World Cup stadiums has left Budweiser with loads of beer left on its hands. pic.twitter.com/Vv2YFxIZa1 — Budweiser (@Budweiser) November 19, 2022Last week — just a few days before the World Cup was set to begin — Qatar announced that the eight stadiums couldn’t sell alcoholic Budweiser, leaving fans with only one option for beer: non-alcoholic Bud Zero. “As partners of FIFA for over three decades, we look forward to our activations of FIFA World Cup campaigns around the world to celebrate football with our consumers,” an AB-InBev spokesperson said in a previous statement. So, the decision threw a wrench into the company’s World Cup marketing plans, as the decision dramatically reduces its presence for thousands of fans at the World Cup. The FIFA World Cup Qatar 2022 will take place through December 18.

☆ Morning Bid: Bulls take cover
▼ + stars: | 2022-11-21 | by ( Yantoultra Ngui | ) www.reuters.com time to read: +2 min

We have seen this story before of markets getting ahead of themselves, but the latest China worries are resurfacing just as global investors dial back hopes of an imminent Fed pivot on interest rates. In Europe, ECB policymakers are seen taking an even tougher stance. Three top officials said on Friday that the European Central Bank must raise interest rates high enough to dampen growth as it fights record inflation and it could soon start running down its 5 trillion euro ($5.2 trillion) debt pile. Minutes from the ECB meeting and the Fed this week will provide markets more direction on the outlook for interest rates, while manufacturing and consumer confidence data will give a snapshot of the health of economies. Meanwhile, U.S. President Joe Biden is proving that age is just a number as he turned 80 on Sunday, making him the first octogenarian president in U.S. history.

☆ Want to cash in on the FIFA World Cup? HSBC names the global stocks set to win
▼ + stars: | 2022-11-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

There will be winners and losers at this year's FIFA World Cup — both in the stadium and stock market. Aviation fuel provider Qatar Fuel and hotel operator EMAAR Properties also made the bank's list of beneficiaries. But risks remain for investors, highlighted by the Qatari government's last-minute ban on sales of all beer at and around World Cup stadiums. Qatar Fuel, the exclusive jet fuel supplier in Qatar, will likely benefit from the World Cup almost immediately. The World Cup won't just benefit consumer companies in Qatar and the surrounding region, but the world over.

☆ 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.

☆ One global tech stock that was a top performer last week could surge 63% more, analysts say
▼ + stars: | 2022-11-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

It's been a muted week for global stocks. The MSCI World index was down about 0.7% for the past week, tracking U.S. stocks, which also declined last week. Here are the 10 global stocks under MSCI World that rose more than 10% over the past week ending Nov. 18. One top performer was global tech company Sea , which surged 15% over last week. Ross Stores was another top performer for the week, with Credit Suisse naming the company its top pick in off-price retail .

☆ Budweiser World Cup campaign curbed, not crashed, by Qatar beer ban
▼ + stars: | 2022-11-19 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +5 min

Budweiser has been a World Cup sponsor since the 1986 tournament in Mexico. STRICT CONTROLSBut Qatar 2022 was always going to be different, as the first World Cup held in a conservative Muslim country with strict controls on alcohol, the consumption of which is banned in public. He added that FIFA and Budweiser had been partners for decades and looked forward to being partners in the future. Doukeris though has said that the far greater impact in terms of beer sales is from fans across the globe, many with a AB InBev beer in hand - from a Jupiler in Belgium to a Brahma in Brazil. Indeed, the brewer has launched its biggest ever World Cup campaign in over 70 markets, more than double the number of participating countries, compared with just over 50 for the 2018 edition.

In a last minute U-turn, two days before the tournament's opening match, international soccer governing body FIFA said on Friday that alcoholic beer would not be sold at Qatar's World Cup stadiums. Now fans can only consume beer at the FIFA Fan Festival in Doha. "Not having alcohol is not good because the World Cup it's a party of the world," said Brazilian fan Julio Cesar, wearing a felt hat in his country's colours. The 2022 World Cup is the first edition of the tournament held in a conservative Muslim country with strict controls on alcohol, the consumption of which is banned in public. For the fans unfazed by Qatar's dire human rights record, the absence of beer at World Cup venues has proven a major disappointment.

☆ FIFA president compares his childhood experience of being bullied as a redhead with freckles to the plight of migrant workers in Qatar
▼ + stars: | 2022-11-19 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

"As a child, I was bullied – because I had red hair and freckles, plus I was Italian, so imagine," he said. Infantino slammed Western nations for "hypocrisy" in a near-hour-long speechTop editors give you the stories you want — delivered right to your inbox each weekday. I feel Arab, I feel African, I feel gay, I feel disabled, I feel a migrant worker." "I don't have to defend Qatar," Infantino said. Infantino added: "We have been taught many lessons from Europeans and the Western world.

Around 48 hours before it kicks off the soccer World Cup, officials made the shock announcement Friday that Qatar is banning alcohol sales from its stadium perimeters. FIFA, the sport's troubled international governing body, said in a tweet that the decision had been made "following discussions between host country authorities and FIFA." Budweiser beer kiosks at the Khalifa International Stadium in Doha stand empty on Friday. It also presents a major headache for sponsor, Budweiser, which has a $75 million advertising deal with FIFA. FIFA's statement thanked AB InBev, Budweiser's parent company, for its "understanding and continuous support" to "cater for everyone" during the World Cup.

☆ Qatar Bans Beer Sales at World Cup Stadiums
▼ + stars: | 2022-11-18 | by ( Joshua Robinson | Andrew Beaton | ) www.wsj.com time to read: 1 min

DOHA, Qatar—After more than a decade of speculation surrounding how the Qatar World Cup would handle thirsty soccer fans, organizers abruptly said Friday that beer would no longer be available within the perimeter of the stadiums here. The decision, which came just two days before the tournament’s opening match, upended existing plans between FIFA, the host nation, and Budweiser to make beer available in certain areas before and after games in a country where sales of alcohol are highly restricted.

☆ Qatar to ban beer at World Cup stadiums in dramatic reversal two days before tournament starts
▼ + stars: | 2022-11-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Qatar is banning all beer sales at and around its World Cup stadiums, in a dramatic U-turn just two days before the massive soccer tournament begins, world soccer governing body FIFA confirmed on Friday. The conservative, gas-rich Muslim nation does not fully ban alcohol for visitors, but its sale and consumption is strictly controlled. Budweiser's non-alcoholic beer, Bud Zero, will continue to be sold at all eight of the country's World Cup stadiums, the statement said. "The tournament organisers appreciate AB InBev's understanding and continuous support to our joint commitment to cater for everyone during the FIFA World Cup Qatar 2022." These include workers' rights, visitor capacity issues, cultural and religious restrictions, and the fact that for the first time in its history, the World Cup is taking place in winter rather than summer due to the country's extreme heat during its summer months.

☆ No alcohol sales permitted at Qatar's World Cup stadium sites
▼ + stars: | 2022-11-18 | by ( Andrew Mills | ) www.reuters.com time to read: +5 min

The announcement comes two days before Sunday's kickoff of the World Cup, the first to be held in a conservative Muslim country with strict controls on alcohol, the consumption of which is banned in public. For years, Qatar's tournament organisers have said that alcohol would be widely accessible to fans at the tournament. Budweiser has been a World Cup sponsor since 1985, the year before the event was held in Mexico. "Tournament organisers appreciate AB InBev’s understanding and continuous support to our joint commitment to cater for everyone during the FIFA World Cup," the statement said. Questions have swirled around the role alcohol would play at this year's World Cup since Qatar won hosting rights in 2010.

☆ No alcohol sales permitted at Qatar's World Cup stadium sites - FIFA
▼ + stars: | 2022-11-18 | by ( Andrew Mills | ) www.reuters.com time to read: +3 min

DOHA Nov 18 (Reuters) - In a reversal, alcoholic beer will not be sold at Qatar's World Cup stadiums, world soccer governing body FIFA said in a statement on Friday. The announcement comes two days before Sunday's kickoff of the World Cup, the first to be held in a conservative Muslim country with strict controls on alcohol, the consumption of which is banned in public. "Following discussions between host country authorities and FIFA, a decision has been made to focus the sale of alcoholic beverages on the FIFA Fan Festival, other fan destinations and licensed venues, removing sales points of beer from Qatar’s FIFA World Cup 2022 stadium perimeters," a FIFA spokesperson said in the statement. "Tournament organisers appreciate AB InBev’s understanding and continuous support to our joint commitment to cater for everyone during the FIFA World Cup," the statement said. Questions have swirled around the role alcohol would play at this year's World Cup since Qatar won hosting rights in 2010.

☆ Qatar bans beer at World Cup stadiums in dramatic reversal two days before tournament
▼ + stars: | 2022-11-18 | by ( Delon Thornton | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQatar bans beer at World Cup stadiums in dramatic reversal two days before tournamentQatar has banned alcoholic beer in and around World Cup stadiums. It's a severe blow to soccer fans used to indulging in various libations while watching the sport. The ban comes just two days before the tournament begins and after seemingly finding a middle ground with FIFA officials and longtime sponsor Budweiser.

Doha, Qatar CNN —Just two days before the World Cup kicks off in Qatar, soccer’s world governing body FIFA confirmed that no alcohol will be sold at the eight stadiums which will host the tournament’s 64 matches. “Following discussions between host country authorities and FIFA, a decision has been made to focus the sale of alcoholic beverages on the FIFA Fan Festival, other fan destinations and licensed venues, removing sales points of beer from Qatar’s FIFA World Cup 2022 stadium perimeter,” said the FIFA statement. “There is no impact to the sale of Bud Zero which will remain available at all Qatar’s World Cup stadiums,” added the FIFA statement. “The tournament organisers appreciate AB InBev’s understanding and continuous support to our joint commitment to cater for everyone during the FIFA World Cup Qatar 2022,” continued the FIFA statement. The 2022 Qatar World Cup runs from November 20 until December 18.

☆ What is Bud Zero, the only beer Budweiser can sell at the World Cup?
▼ + stars: | 2022-11-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN Business —In a surprise reversal, Qatar announced a ban of alcoholic beer at the eight stadiums hosting the World Cup. One serving of Bud Zero has 0 grams of sugar and 50 calories. “As partners of FIFA for over three decades, we look forward to our activations of FIFA World Cup campaigns around the world to celebrate football with our consumers,” an Anheuser-Busch InBev spokesperson said in a statement. Just a few days ago, reports showed World Cup workers moving beer tents into less visible areas of stadiums. The FIFA World Cup Qatar 2022 kicks off Sunday and lasts until December 18.

☆ FIFA wants us to think the World Cup is about showing 'humanity can live in peace together.' It's really about money — but I'll still watch.
▼ + stars: | 2022-11-18 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +6 min

The 2022 FIFA Men's World Cup, hosted by Qatar, will begin Sunday. read a recent letter to World Cup teams signed by Gianni Infantino, FIFA's president. Telemundo's 2022 FIFA World Cup ad sales for its Spanish televising of the tournament hit "record revenue," a spokesperson said. Khalid Salman, the Qatar World Cup ambassador and a former footballer, said homosexuality is "damage in the mind" in an interview with the German broadcaster ZDF earlier this month. The 2022 World Cup is a cynical attempt at sportswashing.

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