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☆ How Wall Street makes money by predicting the Fed’s decisions
▼ + stars: | 2023-09-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

There, you will find a bar chart plotting the share of traders predicting a rate hike, cut or no change in interest rates at an upcoming meeting. Traders’ actions translate into interest rate decision probabilitiesWhen the Fed changes interest rates it’s actually changing what’s known as the federal funds rate target range. The federal funds rate is the interest rate banks charge each other to borrow money, and it impacts the interest rate consumers pay for a variety of loans, including some mortgages. But it wasn’t until 2013 that the CME Group launched the FedWatch tool, giving everyone access to the information without having to do complex calculations. Why the FedWatch Tool is so closely followedThe Fed’s interest rate decisions can have serious implications for your investments.

Persons: that’s, Jerome Powell, ” Powell, Agha Mirza, Mirza, ”, FedWatch, ” Mirza, Alex McGrath, Ben Bernanke, Ken Kuttner, Powell’s Jackson, Dow, Greg Daco, Daco, McGrath, ” McGrath Organizations: New, New York CNN, Federal, Chicago Mercantile Exchange, CME Group, CNN, Fed, Index, “ Investors, Williams College Locations: New York, EY

The Milwaukee Brewers were tied with the Miami Marlins in the fifth inning Thursday when Taylor attempted to score from second on Sal Frelick's single. Although the throw from right fielder Jesús Sánchez beat him to the plate, Taylor avoided catcher Jacob Stallings' tag and slid home with the go-ahead run in the Brewers' 4-2 victory. “I think it's all instinctual,” said Taylor, who also hit two RBI doubles. RHP Johnny Cueto (1-4, 6.15 ERA) pitches for the Marlins and RHP Bryce Elder (12-4, 3.38) starts for the Braves on Friday. The scheduled starting pitchers are LHP Wade Miley (7-4, 3.30) for the Brewers and RHP Jake Irvin (3-5, 4.20) for the Nationals.

Persons: — Tyrone Taylor, Taylor, Sal Frelick's, Jesús Sánchez, Jacob Stallings, ”, “, It's, ” Taylor, Stallings, Craig Counsell, Eury Pérez, Counsell, Pérez, we've, ’ ” Taylor, Andruw Monasterio, Monasterio, Brice Turang’s, Frelick's, ” Pérez, Steven Okert, Turang, Adrian Houser, Houser, Elvis Peguero, Abner Uribe, Joel Payamps, Devin Williams, Williams, Christian Yelich, OF Mark Canha, RHP Colin Rea, Begin, RHP Johnny Cueto, Bryce Elder, LHP Wade Miley, Jake Irvin, ___ Organizations: MILWAUKEE, Milwaukee Brewers, Miami Marlins, Brewers, Milwaukee, Marlins, NL Central, Chicago Cubs, The Marlins, ” Brewers, Christian, OF, Triple, NEXT, NL East, Atlanta Braves, Braves, Friday, Washington Nationals, Nationals Locations: Nashville

The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. Analysts, however, were surprised at the timing, the scale and impact such a deal would have on the company's already leveraged balance sheet. "I don't see how you can keep piling more issuance - debt and equity - on this company at these rates. Enbridge shares provisionally closed down 5.9% at C$45.31, while the benchmark Canadian share index was off 0.9%. "While Enbridge paid a reasonable price, high leverage and funding gap could act as overhang," Wells Fargo analysts said in a note.

Persons: Chris Helgren, Ryan Bushell, Enbridge, Greg Ebel, Morningstar, Stephen Ellis, Ellis, Wells, Alan Armstrong, Mrinalika Roy, Nia Williams, Denny Thomas, Anil D'Silva, Alexandra Hudson, Devika, Marguerita Choy Organizations: REUTERS, Dominion Energy, Ohio Gas, Public Service Co, Newhaven Asset Management, Management, TC Energy, Williams Companies, Barclays CEO Energy, Power Conference, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, North Carolina, North America, Newhaven, Enbridge, New York, Bengaluru

☆ Energy is the best-performing sector this summer. Here are the stocks driving it
▼ + stars: | 2023-08-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 energy sector has outperformed its counterparts since Memorial Day, rallying more than 10% in that time. Given this backdrop, CNBC Pro screened the S & P 500 energy sector to find the best-performing stocks in the space since Memorial Day — and where analysts see them going from here. Baker Hughes, meanwhile, is expected to rise by 12% based on the average price target, and 70% of analysts rate it a buy. APA's average price target implies upside of 16.6% over the next 12 months, but less than half of analysts give it a buy rating. Williams only has buy ratings from 39% of analysts, and the average price target signals upside of just 8.6%.

Persons: It's, SLB, Halliburton, Baker Hughes, Williams Cos, Williams Organizations: West, CNBC Pro, Marathon Petroleum, MPC, APA, Targa, Halliburton Locations: West Texas, China, Europe, Marathon

☆ Dunkin is releasing spiked versions of their iced coffees and teas
▼ + stars: | 2023-08-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +6 min

After setting the internet abuzz last week, Dunkin’ will officially announce Monday the debut of Dunkin’ Spiked Iced Coffees and Iced Teas, which are both scheduled to roll out in the coming weeks. The two malt-based beverages, scheduled for an early September release, will feature eight flavors between them, all based on the chain’s iced coffee and tea flavors. Last year, Pabst Blue Ribbon axed their hard coffee flavor drink because of poor sales. The slightly sweet ice tea flavor is being sold in a six-pack of 12-ounce cans and a single 19.2-ounce cans. Dunkin' Spiked iced tea is coming out in late August.

Persons: New York CNN —, Dunkin ’, Dunkin, RTDs, ” Duane Stanford, ”, Samuel Adams, Dave Williams, Bump, ” Dunkin, Scott Murphy, ” Stanford, “, Bravo’s, Brian Gilbert Organizations: New, New York CNN, Beverage Digest, CNN, Boston Beer Company, Bump Williams Consulting, Pabst, Ribbon, Molson Coors, La, Dunkin Locations: New York, Kahlua, Florida , Massachusetts, Texas, England

☆ Williams upsets Kudermetova, Stephens beats Cocciaretto at Cincinnati
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +4 min

Mandatory Credit: Cara Owsley-USA TODAY SportsAug 14 (Reuters) - Venus Williams upset 16th-ranked Veronika Kudermetova 6-4 7-5 at the Cincinnati Open on Monday, as her unseeded American compatriot Sloane Stephens overcame a sluggish start to beat Italy's Elisabetta Cocciaretto 7-5 6-2. The Russian missed another opportunity to win the second set when Williams fended off a break point in the ninth game with an unreturnable serve. Cocciaretto took control early on and built a 5-2 lead that gave her two chances to serve out the set. But Stephens dialed up the pace and broke to love on each occasion as she used a five-game winning streak to wrap up the opening set. Stephens can expect a tougher test against sixth seed Garcia, who is 4-2 all-time versus the American including a pair of first-round wins at the Cincinnati Open.

Persons: Venus Williams, Veronika Kudermetova, Cara Owsley, Sloane Stephens, Italy's Elisabetta Cocciaretto, Williams, outmatched, Kudermetova, Stephens, Cocciaretto, Caroline Garcia, Garcia, Elina Svitolina, Caroline Wozniacki, Wozniacki, Varvara Gracheva, Frank Pingue, Amy Tennery, Rory Carroll, Ken Ferris, Cynthia Osterman Organizations: & Southern, Lindner, Tennis Center, USA, Cincinnati, Wimbledon, U.S ., Thomson Locations: Mason, OH, USA, Russian, Guadalajara, Toronto, New York, Los Angeles

☆ After trading vets, young Pirates try to beat Tigers again
▼ + stars: | 2023-08-02 | by ( Field Level Media | ) www.reuters.com time to read: +4 min

August 2 - Life after the major league trade deadline is here for the Pittsburgh Pirates and visiting Detroit Tigers. Pittsburgh rookies Endy Rodriguez, Jared Triolo, Liover Peguero and Alika Williams combined to go 5-for-12. "We've got to focus on what we can control, which is trying to play more competitive baseball and win more games," Tigers manager A.J. One thing the Tigers have to look forward to is designated hitter Miguel Cabrera's climb up the record books. He raised his total to 3,138 career hits, three shy of tying Tony Gwynn for 21st place in major league history.

Persons: Endy Rodriguez, Jared Triolo, Liover, Alika Williams, Peguero, Rodriguez, Williams, Triolo, We're, Nick Gonzales, Henry Davis, Carmen Mlodzinski, Jose Hernandez, it's, you've, Austin Hedges, Rich Hill, Rodolfo Castro, Ji Man Choi, Carlos Santana, Michael Lorenzen, We've, A.J, Hinch, Miguel Cabrera's, Cabrera, Tony Gwynn, Gwynn, Robin Yount, Paul Waner, George Brett, Eduardo Rodriguez, Osvaldo Bido, Scott Harris, Eduardo, Bido, Ryan Borucki, Borucki Organizations: Pittsburgh Pirates, Detroit Tigers, Pittsburgh, The Pirates, T Sportsnet, Detroit, Tigers, Los Angeles Dodgers, Los Angeles Angels, Pirates, Angels, Thomson Locations: Pittsburgh

☆ Framber Valdez tosses no-hitter as Astros top Guardians
▼ + stars: | 2023-08-02 | by ( Field Level Media | ) www.reuters.com time to read: +4 min

August 2 - Framber Valdez tossed his first career no-hitter and faced the minimum 27 batters as the Houston Astros made a pair of third-inning runs stand in a 2-0 victory over the visiting Cleveland Guardians on Tuesday. Valdez threw five pitches in the seventh inning and 10 in the eighth, allowing him to enter the ninth with 81 on his ledger. When I got to the seventh inning, I thought to myself, 'OK, I think I can finish this game without any hits.' The last Astros pitcher to throw a solo no-hitter before Tuesday was Justin Verlander on Sept. 1, 2019, vs. the Blue Jays. The Astros provided Valdez the necessary run support in the bottom of the third, mustering two runs off Guardians rookie right-hander Gavin Williams with two outs.

Persons: Framber Valdez, Oscar Gonzalez, David Fry, Valdez, Gonzalez, Will Brennan, Fry, Brennan, Gabriel Arias, Myles Straw, Cam Gallagher, Jeremy Pena, Domingo German, Justin Verlander, Houston, Dusty Baker, Martin Maldonado, Gavin Williams, Williams, Maldonado, Gallagher, Jake Meyers, Jose Altuve, Pena, Kyle Tucker, Alex Bregman, Tucker, Jose Abreu, Chas McCormick, Cleveland, Corbin Burnes, Josh Hader Organizations: Houston Astros, Cleveland Guardians, New York Yankees, Domingo, Oakland A's, Detroit Tigers, Toronto Blue Jays, Astros, Philadelphia Phillies, Houston, Blue Jays, Milwaukee Brewers, Thomson

NEW YORK, July 25 (Reuters) - Joe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been criminally charged in New York for orchestrating a "brazen" insider trading scheme. Joe Lewis is a wealthy man," U.S. Attorney Damian Williams said in a video on the X social media platform, formerly known as Twitter. Insider trading has long been a focus of Williams' office, dating to 2009 when a crackdown began under one of his predecessors, Preet Bharara. Prosecutors said that in some insider trading cases, Lewis lent money to recipients of his tips, including in Oct. 2019 when he wired $1 million to two pilots so they could buy more Mirati shares. Reporting by Jonathan Stempel and Luc Cohen in New York; Editing by Chris Reese and Lincoln Feast.

Persons: Joe Lewis, Lewis, Damian Williams, " Williams, Williams, Preet Bharara, Mirati, Boss, Marty, JPMorgan Chase, Jonathan Stempel, Luc Cohen, Chris Reese, Lincoln Organizations: YORK, Tottenham Hotspur, Prosecutors, U.S, Tavistock Group, Forbes, Therapeutics, Biosciences, Australian Agricultural, U.S . Securities, Exchange Commission, JPMorgan, Thomson Locations: New York, Tavistock, Bear Stearns

☆ Billionaire Joe Lewis has been charged with insider trading, with prosecutors saying he helped personal pilots, assistants, and romantic partners make 'millions'
▼ + stars: | 2023-07-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Tottenham Hotspur owner Joe Lewis has been charged by federal prosecutors with insider trading. The British billionaire passed information to his pilots, assistants, and romantic partners, an indictment says. In one case cited, Lewis is said to have lent his pilots $500,000 each to buy stock before insider information became public. British billionaire Joe Lewis has been charged by federal prosecutors with insider trading, with prosecutors saying that he passed information to personal pilots, assistants, romantic partners, and a friend he played poker with. According to the indictment, Lewis even gave his pilots $500,000 each in short-term loans so that they could buy stock before the news became public.

Persons: Joe Lewis, Lewis, Damian Williams, Williams, David M, Zornow, Mr, Mirati, couldn't Organizations: Tottenham Hotspur, Morning, Court, Southern, of, US, Bloomberg, Tavistock Group, English, Solid Biosciences, Australian Agricultural Company Locations: of New York, Bahamas, Argentina, Queensland, Tavistock, Mirati

☆ Tony Bennett, legendary American singer, dies at age 96
▼ + stars: | 2023-07-21 | by ( Bill Trott | ) www.reuters.com time to read: +7 min

[1/10] Singer Tony Bennett performs during Sinatra 100 - An All-Star Grammy Concert in Las Vegas, Nevada December 2, 2015. The star-studded tribute was held to mark the would be 100th birthday of legendary performer Frank Sinatra on December 12. The comedian was so impressed that he had the singer change his name to Tony Bennett and used him as an opening act. In 2016 a statue of Bennett was unveiled outside San Francisco's Fairmont Hotel, where Bennett first performed the song some 55 years before. "Tony Bennett has not just bridged the generation gap, he has demolished it," the New York Times wrote in 1994.

Persons: Tony Bennett, Sinatra, Frank Sinatra, Steve Marcus, Bennett, Sylvia Weiner, Gaga, Beatle Paul McCartney, Aretha Franklin, Willie Nelson, Bono, Bruce Willis, John Travolta, Danny, Bob Hope, Anthony Dominick Benedetto, Joe Bari, Hope, Hank Williams, Basie, Count Basie, Cole Porter, Johnny Mercer, George, Ira Gershwin, Richard Rodgers, Lorenz Hart, Singer, Harry Belafonte, Martin Luther King Jr, Belafonte, Jesse Jackson, Ralph Sharon, Danny Bennett, Sharon, Lady Gaga, Susan Crow, Patricia Beech, Sandra Grant, Bill Trott, Brendan O'Brien, Diane Craft, Jonathan Oatis, Matthew Lewis Organizations: REUTERS, MTV, Partners, New York's Radio City Music, Columbia Records, Count Basie Orchestra, Twitter, New York Times, Thomson Locations: Las Vegas , Nevada, San Francisco, New York City, New York, Europe, New, Greenwich, Selma , Alabama, Francisco, San, Chicago

☆ Telecom giant Charter is the most overbought stock on Wall Street. Here are the others
▼ + stars: | 2023-07-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The S & P 500 gained 2.4% amid a better-than-expected inflation reading and the early innings of second-quarter earnings season. CNBC Pro screened the S & P 500 for stocks in overbought territory, based on their 14-day relative strength index. A 14-day RSI above 70 means a stock is overbought and could be due for a reversal. Here are the S & P 500 stocks currently in overbought territory: Charter Communications is the most overbought stock in the S & P 500, with a gain of 1% this week and an RSI reading exceeding 99. These are the most oversold names in the S & P 500: Hershey is the most oversold stock of the group, with an RSI of about 13.

Persons: Phillips, Baker Hughes, Johnson Organizations: CNBC Pro, Communications, Williams Companies, Phillips, Hershey, RSI, Humana, Myers Squibb, Pfizer, Johnson Locations: overbought, Bristol

SummaryLaw Firms FTX founder allegedly misappropriated customer funds for European acquisitionFTX failed to find a buyer for the company in bankruptcy saleNEW YORK, July 13 (Reuters) - Bankrupt crypto exchange FTX sued insiders at FTX Europe AG late Wednesday, seeking to recover $323 million that FTX had invested in an ill-fated expansion into European crypto markets. After FTX filed for bankruptcy in November, it sought to sell FTX Europe, only to conclude that no buyer would offer meaningful value for the company, according to FTX. FTX acquired Digital Assets for nearly $400 million in three transactions in 2020 and 2021, hoping to obtain regulatory approvals and expand into European markets. FTX filed for bankruptcy protection in November, saying it was unable to completely repay customers who had deposited funds on its exchange. Prosecutors have charged Bankman-Fried, 31, with stealing billions of dollars in FTX customer funds to cover losses at its affiliated hedge fund Alameda Research.

Persons: FTX, Sam Bankman, Patrick Gruhn, Robin Matzke, Brandon Williams, Cosima Capital, Williams, Fried, Gruhn, Steven Holley, Stephen Ehrenberg, Brian Glueckstein, Christopher Dunne of Sullivan, Cromwell, Read, Clinton, Dietrich Knauth Organizations: FTX, AG, DA AG, Assets, Matzke, Gruhn, Prosecutors, Alameda Research, Trading, Bankruptcy, District of, Cromwell LLP, Thomson Locations: Zurich, Switzerland, Europe, Delaware, Matzke, Oregon, Alameda, U.S, District of Delaware

☆ I spent over $5,000 to race an Ironman. I have no regrets whatsoever — and experts suggest it was a good way to spend my money.
▼ + stars: | 2023-06-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

Between race entry fees, equipment, and travel, I spent well over $5,000 getting to the start line. It was money spent in alignment with my values, which experts say is the way to spend. Between July 19, 2022 (when I registered) and June 18, 2023 (race day), I spent well over $5,000 getting to the start line. It was money spent in alignment with my values and priorities, which experts say is the way to spendHow you choose to spend your money matters. In other words, don't spend money on things that aren't important to you.

Persons: I'm, it's, It's, Kathleen Elkins It's, Ramit, Sethi, we'll Organizations: Williams College, Psychological Science, Harvard Business Locations: Kärnten, Klagenfurt, Austria, Galveston , Texas, Galveston, Riding, Los Angeles, Texas

☆ Buy Sherwin-Williams on a slightly better-than-expected housing market, BMO says
▼ + stars: | 2023-06-26 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Stronger demand for materials and a better-than-expected housing market could lift Sherwin-Williams , according to BMO Capital Markets. The firm upgraded the paint maker to outperform from market perform on Monday, with a $275 per share price target. Sherwin-Williams stock has gained more than 4% year to date. SHW YTD mountain Sherwin-Williams stock has ticked up roughly 4% from the start of the year. BMO analyst John McNulty said that a slightly warmer housing market underpins the firm's upgrade to earnings per share in 2024 and 2025.

Persons: Sherwin, Williams, John McNulty, McNulty, — CNBC's Michael Bloom Organizations: BMO Capital Markets, BMO

☆ 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

☆ Serena and Venus Williams invest in golf with franchise ownership in Tiger Woods' new competition
▼ + stars: | 2023-06-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

Now, Serena and Venus Williams are turning their talents to golf. A head-spinning week of revelations in the golf world continued Thursday as the Williams sisters’ Los Angeles Golf Club (LAGC) were announced as the first franchise of the TGL – Tiger Woods and Rory McIlroy’s tech-infused stadium golf competition set to launch in January 2024. LAGC is the first of six franchises set to compete in the TGL, a competition formed in partnership with the PGA Tour. TGL/TwitterOn Twitter, Ohanian announced that his and Williams’ daughter, Alexis Olympia Ohanian Jr., would be a co-owner in LAGC. Twelve PGA Tour players have been confirmed to feature, including Woods, McIlroy, Jon Rahm, Justin Thomas, and Collin Morikawa.

Persons: Serena, Venus Williams, Williams, Woods, Rory McIlroy’s, Alexis Ohanian, Mike McCarley, Ohanian, Alexis Olympia Ohanian Jr, “, Amy E, Price, ”, LIV Golf, McIlroy, Mike Ehrmann, Jon Rahm, Justin Thomas, Collin Morikawa Organizations: CNN, Angeles Golf, Ohanian, National Women’s Soccer League, Angel City FC, LAGC, PGA Tour, Twitter, Olympia, TMRW Sports Locations: Ohanian, Angeles, LAGC, Saudi, Palm Beach , Florida

☆ Final Trades: Medtronic, Merck, The Williams Cos. & more
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Medtronic, Merck, The Williams Cos. & moreThe "Halftime Report" traders give their top picks to watch for the second half.

Persons: Williams Cos Organizations: Merck

☆ MLB roundup: Surging Cardinals down Dodgers for fourth straight series win
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +12 min

Cardinals starter Jack Flaherty allowed three runs on four hits and four walks with five strikeouts in 4 2/3 innings. Yankees 4, Reds 1Harrison Bader belted a two-run homer and Luis Severino pitched effectively into the fifth inning in his season debut, lifting New York past host Cincinnati. The 2-0 cushion proved enough to send the Phillies to a second straight win after losing five straight. In his fourth appearance, the left-hander went six innings and allowed one run on one hit, one walk and a career-high seven strikeouts. Mariners starter George Kirby (5-3) pitched seven innings and allowed three runs on six hits, one walk and six strikeouts.

☆ Montana’s TikTok ban throws users into new era of uncertainty
▼ + stars: | 2023-05-21 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +5 min

CNN —Keri Williams wouldn’t have her business without TikTok. But earlier this week, Montana Gov. Now, Williams, who lives near Montana’s largest city — Billings — is scrambling to figure out the future of her business. The law, set to take effect in January, has already been the subject of a lawsuit by a group of TikTok users who allege it infringes on their First Amendment rights. TikTok said in March that it has 150 million monthly active users in the United States, up from 100 million users in 2020, when the Trump administration first threatened to ban the service.

☆ Anheuser-Busch loses top LGBTQ+ rating over its Bud Light response
▼ + stars: | 2023-05-19 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New York CNN —Last year, the Human Rights Campaign Foundation gave Bud Light parent company Anheuser-Busch a top rating for LGBTQ+ equality. Bud Light sales dropped in the ensuing weeks. Bud Light has been embroiled in controversy since April. But Bud Light hasn’t gotten the benefit of support for its initial deal with Mulvaney because of its subsequent reaction. During the discussion, he mentioned that Bud Light is just one brand within the company’s broad portfolio, which has not changed its full-year outlook.

☆ Here are Tuesday's biggest analyst calls: Netflix, Carvana, Walmart, Western Alliance, Deere & more
▼ + stars: | 2023-05-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: JPMorgan reiterates Netflix as overweight JPMorgan said paid password sharing should be a financial tailwind for Netflix. Mizuho reiterates SoFi as buy Mizuho said it's standing by shares of SoFi. Citi reiterates Deere as buy Citi said it's standing by its buy rating on shares of Deere. Citi upgrades Williams Companies to buy from neutral Citi said the petroleum stock is oversold. Citi reiterates FedEx as buy Citi said it's standing by its buy rating FedEx shares.

☆ A 'Shark Tank' winner and stay-at-home dad who Mark Cuban called a 'compassionate capitalist' doubled down on his business when his wife's health took a sudden turn: 'There is no greater incentive to
▼ + stars: | 2023-05-07 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Freya Williams was a CEO and her family's breadwinner before contracting long COVID. Her husband dove into his small business and landed an investment from Mark Cuban of "Shark Tank." But COVID led to "long COVID" for her. Thousands of Americans have likely left the workforce because of long COVID, and Williams is among them. Delaney added that his wife's suffering and his family's precarious position had changed his drive as a business owner.

☆ It's 'too early' to asses any potential Bud Light backlash, Anheuser-Busch CEO says
▼ + stars: | 2023-05-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

He focused attention on the company’s global reach, saying that Bud Light is just one beer within its portfolio and it’s not changing the company’s full-year outlook. He also reiterated that the Mulvaney post wasn’t an ad campaign, and blasted the “misinformation” surrounding the sponsored post. The video went viral, with some responding with anti-trans rhetoric and calls for a Bud Light boycott. The week prior, Bud Light revenue was down 17%, even as sales of rivals Miller Lite and Coors Light increased. The company said it is going to increase investment in Bud Light as it continues to deal with sagging sales.

☆ What boycott? Bud Light controversy led to only a 1% drop in global sales volume, CEO says
▼ + stars: | 2023-05-04 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

Anheuser-Busch's global CEO Michel Doukeris discussed the impact of recent Bud Light backlash. Doukeris said the drop in Bud Light sales represented only 1% of the company's global sales volume. Previously, the Wall Street Journal reported that Bud Light Sales dropped by 17% by mid-April, per data created by Bump Williams Consulting and analyzed by Nielsen. By April 22, Bud Light sales in US stores dropped 21% compared to the previous year, per the sales data analysis reported on by the Journal. Bud Light has also reportedly offered a free case of beer to every employee of its wholesale distributors.

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