Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Brewing"


25 mentions found


In a lawsuit filed this week viewed by Business Insider, Ramadurgam claims he was the victim of a Machiavellian scheme perpetrated by a power-hungry CEO and his "handpicked henchmen." In his statement to Business Insider, Prasad tells a different story of a co-founder who was "checked out" of the company. In an interview with Business Insider, Ramadurgam disputed Prasad's claims, saying that he missed only about 15 work days in 2022 for meditation retreats. In his lawsuit he claims Prasad was motivated by "naked greed." "I just don't see how you can honestly, with integrity make the argument that I should have 0% stake in the company," Ramadurgam said in an interview.
Persons: Sohail Prasad, Samvit Ramadurgam, Ramadurgam, Prasad, Destiny, Ramadurgan Organizations: Business, Prasad, Silicon, Forge, Coinbase, Plaid, SEC Locations: Silicon Valley, Forge, Ramadurgam's
Listen to and follow ‘Matter of Opinion’Apple Podcasts | Spotify | Amazon MusicIt’s an old truism that Americans don’t care about foreign policy when it’s time to cast their ballots. But with the crisis in Gaza, a prolonged conflict in Ukraine and a trade war brewing with China, could 2024 be the year that American voters finally care about what’s going on beyond the water’s edge? The “Matter of Opinion” hosts take a look at the importance (or lack thereof) of foreign affairs in American elections. Plus, Lydia Polgreen recommends a film Oscar nominations were wrong to skip. (A full transcript of the episode will be available midday on the Times website.)
Persons: Lydia Polgreen Organizations: Spotify, Times Locations: Gaza, Ukraine, China
Almost exactly 250 years after the Sons of Liberty dumped chests of tea into Boston Harbour, a professor from Bryn Mawr College has committed a crime against the British cuppa very nearly as grave. What purports to be a nice cuppa accompanied not by good honest cow’s milk but some kind of yellow citrus thing. Or, god forbid, arrives not in a good honest tea bag, but taking the false form of — shudder — tea leaves. You’re offered a cuppa char if you’ve given birth, witnessed a murder, come home from a crappy day at work. Whether in the seas of Boston Harbour or some mad prof’s lab in rural Pennsylvania, tea and salt do not mix and that, my Yank friends, is that.
Persons: Rosa Prince, Michelle Francl, Rosa Prince Rosa Prince, , we’ve, Rosie Lee, limey, You’re, you’ll, Organizations: POLITICO, CNN, Bryn Mawr College, Embassy, Brit, Tetley, Boston Harbour Locations: London, Boston, Iceland, It’s, LA, Midtown Manhattan, Bucket Indiana, New York City, British, Ribena, Sri Lanka, Pennsylvania
Considering how well the US market and economy performed in 2023, it's understandable that domestic investors would be optimistic about 2024. But on the other side of the globe, trouble has been brewing in China for some time now. On the surface, the world's second-largest economy seemed reasonably healthy last year, with Chinese GDP rising 5.2% year-over-year. The problems in China continue to growOf the many risks investors face this year, geopolitics consistently ranks as the one they fear the most . "In terms of negative surprises, I'm really keeping an eye on China and the fact that they're clearly experiencing some kind of deflation," he said.
Persons: Christophe Barraud, Barraud, Bloomberg —, I'm, That's, It's Organizations: Bloomberg, Market Securities, Business Locations: China
With fourth quarter earnings season in full swing, Wolfe Research released a list of potential stocks that are best left alone. The companies fall into the bottom 20% of their sector earnings quality and are likely to underperform in 2024, according to Wolfe. The company's average earnings quality score for the trailing four quarters came in at 5. Its average earnings quality score for the trailing four quarters amounted to 25. The payments platform earned an earnings quality score of 10 and an average score in the trailing four quarters of 30.
Persons: Wolfe, Chris Senyek, Tesla, Elon Musk, Chewy, Goldman Sachs, Trevor Young, Morgan Stanley, BTIG, Oppenheimer, Dominick Gabriele, — CNBC's Michael Bloom Organizations: Wolfe Research, Tesla, Argos Holdings, Barclays, PayPal, Paypal, Mizuho Locations: F2H24
Read previewSaudi Arabia is to open its first store serving alcohol, Reuters reported, catering exclusively to non-Muslim diplomats. The store will open in Riyadh, the Saudi capital, the report said. AdvertisementThe move comes as Saudi Arabia's ruler, Crown Prince Mohammed bin Salman, is seeking to liberalize the image of Saudi Arabia, whose laws derive from an ultra-conservative interpretation of Islam. Under Saudi law, alcohol is banned, and judges can hand out severe punishments including public flogging for those who violate them. Crown Prince Mohammed is trying to attract foreign tourism and billions in investment as he pivots the kingdom away from its reliance on fossil fuels as part of its Vision 2030 plan.
Persons: , it'll, Prince Mohammed bin Salman, Prince Mohammed Organizations: Service, Reuters, Business, Saudi, Wall Street Locations: Saudi Arabia, Riyadh, Saudi
LONDON (AP) — An American scientist has sparked a trans-Atlantic tempest in a teapot by offering Britain advice on its favorite hot beverage. Bryn Mawr College chemistry professor Michelle Francl says one of the keys to a perfect cup of tea is a pinch of salt. The tip is included in Francl’s book “Steeped: The Chemistry of Tea,” published Wednesday by the Royal Society of Chemistry. Not since the Boston Tea Party has mixing tea with salt water roiled the Anglo-American relationship so much. On the Chemistry World site, Francl said writing the book had “enhanced my enjoyment of a cup of tea” but noted “there were several disquieting discoveries along the way."
Persons: Michelle Francl, , boors, Debrett’s, , Francl, Organizations: Bryn Mawr College, Royal Society of Chemistry, Boston Tea Party, Twitter, Embassy Locations: An American, Britain, London, States, U.S
Britain’s media has reacted with fury and bewilderment after a US scientist claimed the perfect cup of tea is made with a pinch of added salt. “I guess we are going to war again?” legal journalist Molly Quell wrote on X, formerly known as Twitter. “We cannot stand idly by as such an outrageous proposal threatens the very foundation of our Special Relationship,” the embassy wrote in a viral X post. Francl also found little sympathy in the British press, which took her suggestion with more than a pinch of salt. In the meantime, the embassy said it “will continue to make tea in the proper way – by microwaving it.”
Persons: Michelle Francl, Molly, , Matt Green, Francl, Organizations: London CNN —, Bryn Mawr College, CNN, ITV News, Embassy, Guardian, Daily Mail Locations: Boston, Britain, United States, British, Pennsylvania
Read previewThis year will be when the distress brewing in commercial real estate finally reaches its breaking point, according to Capital Economics. The research firm pointed to pessimism that has clouded the commercial real estate sector for the past year. Around $541 billion of commercial real estate debt officially matured in 2023, though fallout was muted as many loans were granted extensions, the firm said. Meanwhile, property investors like Brookfield are raising cash to potentially buy cheap commercial real estate properties that hit the market. AdvertisementSome commentators have warned of an even more severe crash coming for commercial real estate.
Persons: , Kiran Raichura, Raichura, Kyle Bass Organizations: Service, Capital Economics, Business, Fed, International Monetary Fund Locations: Brookfield
The consensus among Gen Z TikTokers is if you see a child at Sephora, you better get out of their way. They love makeup, and they always want to go," Eadie told the magazine. Related stories"Times change, things are different," Eadie told the publication. The back-and-forth online is so loud that a brand popular with Gen Alpha — Drunk Elephant — weighed in, assuring parents that many of their products were safe for youthful skin. Emma told the publication that they also find it irritating when adults reminisce about what they were doing as tweens.
Persons: , Gen, Gen Alpha, Gen Z, Stefanie Eadie, Gen Z's, Eadie, Ulta, Instagram DM, Alpha, it's, Emma, Tweens, Maeve Organizations: Service, Alpha, Business, People Magazine, Sephora, Instagram, Teen Vogue, Mashable Locations: Sephora, Florida
Read previewAmerica's real estate sector could see up to $1 trillion of debt defaults over the next few years, according to Cantor Fitzgerald CEO Howard Lutnick. The billionaire Wall Street executive pointed to trouble brewing in the US real estate market, particularly in commercial real estate, where experts say there's around $1 trillion in debt approaching maturity over the next few years. He estimated $700 billion to $1 trillion in real estate debt could default, which could slash "hundreds of billions" in real estate equity. "I think it's going to be a very, very ugly market owning real estate over the next 18 months to two years," he added. Experts have been warning of trouble coming for the commercial real estate sector since early 2023, when banking turmoil tightened credit conditions for regional lenders, which finance a large percentage of all commercial real estate loans.
Persons: , Cantor Fitzgerald, Howard Lutnick, Lutnick Organizations: Service, Business, Wall, Reserve, Fox Business
TORONTO (AP) — The hostility brewing between Sean Strickland and Dricus Du Plessis finally hit its boiling point at UFC 297 on Saturday night. “This is history!” Du Plessis (21-2) screamed in honor of his homeland. That country is amazing.”It was December when Du Plessis referenced Strickland’s abusive relationship with his father. Despite the tension leading up to fight night, Du Plessis gave Strickland (28-6) his just due afterward. You are one heck of a man, thank you for bringing out the best of me tonight,” Du Plessis said.
Persons: Sean Strickland, Dricus Du Plessis, Du Plessis, Derek Cleary, Eric Colon, Sal D’Amato, Strickland, ” Du Plessis, , Raquel Pennington, Mayra Bueno Silva, Pennington, Neil Magny, Mike Malott, Chris Curtis, Marc, Andre Barriault, Curtis, Barriault, Movsar Evloev, Arnold Allen, Evloev Organizations: TORONTO, UFC Locations: “ South Africa, FanDuel
For months, Nikki Haley and Ron DeSantis, Republican contenders locked in a heated rivalry for second place in their party’s 2024 presidential nominating contest, have been crisscrossing Iowa ahead of the first-in-the-nation caucuses. Normally, Nicholas Nehamas is on the road with Mr. DeSantis, the governor of Florida, and Jazmine Ulloa follows Ms. Haley, former governor of South Carolina. Nicholas drove northeast from Des Moines to a Haley event at a brewery in Cedar Falls. The VibesNICHOLAS The first thing I noticed when I walked into Second State Brewing in Cedar Falls: Ms. Haley’s warm-up music wasn’t deafening. At DeSantis events, the music drowns out every thought and makes it difficult to talk to voters.
Persons: Nikki Haley, Ron DeSantis, we’ve, Nicholas Nehamas, DeSantis, Jazmine Ulloa, Haley, Nicholas, NICHOLAS, Haley’s Organizations: Brewing Locations: Iowa, Florida, South Carolina, Des Moines, Cedar Falls, Jazmine, Bluffs
Anheuser-Busch InBev has scored a sponsorship for the upcoming Olympic Games, making it the first beer brand to ever sponsor the event. Corona Cero, one of AB InBev's non-alcoholic beers, contains less than 0.5% alcohol by volume, according to the company's website. It has a "characteristic as a category that is incredible, which is beer is local," Doukeris said. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.
Persons: Corona, Doukeris, CNBC's Arabile Gumede, Dylan Mulvaney, Bud Organizations: Anheuser, Busch InBev, Games, Olympic Committee, IOC, Corona Cero, InBev's, InBev, Bud Light, Modelo Especial, U.S ., CNBC, NBCUniversal, NBC Sports, NBC Olympics, NBC Locations: Los Angeles, U.S
Gold slides on brewing concerns of U.S. rate cuts still far off
  + stars: | 2024-01-11 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Spot gold was down 0.1% at $2,024.99 per ounce, after rising as much as 0.8% before the data. The dollar index extended gains after data showed U.S. consumer prices rose more than expected in December, which could delay a much anticipated U.S. rate cut in March. Traders see a 67% probability of a rate cut in March, according to the CME FedWatch tool, compared with about a 71% chance seen before the report. Higher rates dim the appeal of gold, which pays no interest.
Persons: Gold, hawkish, Loretta Mester, Tom Barkin, Phillip Streible, Streible, Tai Wong, Silver Organizations: Aurum, Federal Reserve, Cleveland Fed, Richmond Fed, Blue, Traders Locations: Chicago, New York
Harvard's president, Claudine Gay, resigned after conservative activists revealed she had plagiarized. But for Bill Ackman, the plagiarism wasn't only cause for Gay's immediate ouster as Harvard's president — it also warranted her total removal from its faculty. AdvertisementGay resigned as Harvard's president on Tuesday. One remains: Kornbluth, the president of MIT, where Oxman wrote her thesis and worked from 2010 to 2020. "Stay tuned @MIT," Ackman replied.
Persons: Claudine Gay, Bill Ackman, , Ackman's, Neri Oxman, Oxman, Ackman, Gay, Elle, Björk, Brad Pitt, Jeffrey Epstein, Sally Kornbluth, Kornbluth, Liz Magill, Steve Weiner, Daniel Wagner, Peder Anker, Claus Mattheck, Weiner, Wagner, MIT Oxman, George Reid Andrews, Andrews, Christopher Rufo, Magill Organizations: Harvard, Gay, Service, Israel's, Business, Massachusetts Institute of Technology, New York Times, New York's Museum of Modern Art, MIT, Boston Globe, Pershing Square Foundation, Pershing Square Capital Management, University of Pennsylvania, New York University, Royal Society of London, University of Pittsburgh, New York Post, Harvard Corporation, Ackman Locations: Gaza, Harvard's, New York City, German, New
Read previewKelly Monahan wants to use "data-driven empirical insights to help guide" the conversation around the future of work. As the managing director of Upwork's Research Institute, Monahan knows this is an uphill battle. I'm going to make kind of a bold statement: I'm really excited for job disruption. As leaders, and as workers, we can begin to really think about redesigning the job itself. I thought we'd be much further along in that conversation, which is why as a researcher, I'm really willing to dive back into it going into 2024.
Persons: , Kelly Monahan, It's, Monahan, I've, it's, Kelly, There's, that's, we'd, I'm Organizations: Service, Upwork's Research, Business
Many Nvidia employees have become incredibly rich after the company's stock is up by about 1,200% over the past five years. Nvidia employees are also rarely put on performance-improvement plans, unlike some of its competitors, such as Amazon . Despite a growing number of companies launching their own in-house chips, Nvidia employees say they don't feel the competitive pressure yet. Three Nvidia employees, however, told BI that those chips never came up in customer conversations because, in their view, of Nvidia's superior performance. In other ways, Nvidia employees haven't let their riches go to their heads.
Persons: , It's, Jensen Huang, Huang, he's, Jim Herd, Herd Freed Hartz, Herd, we're, Glassdoor, He's Organizations: Service, Nvidia, Business, AMD, Intel, Big Tech, Microsoft, Amazon, Employees, BI, Lamborghini, Meta Locations: Silicon
Indeed, studies show that drinking alcohol is less in vogue with younger millennials and Gen Z. Mounting concern around weight loss drugs GLP-1 drugs, which mimic the action of the glucagon-like peptide-1 hormone and stimulate insulin secretion after a meal, lower blood sugar and send feeling of fullness to the brain. What's more, GLP-1 drugs are an overwhelmingly American topic, with most Europeans unaware of them or unwilling to pay high prices. In total, GLP-1 users are only a very small slice of total alcohol consumers, said Spiros Malandrakis, lead alcohol industry researcher at Euromonitor International. The most vulnerable purveyors are those that are trailing the shift in consumption, notably domestic, non-premium beer brands.
Persons: Katie Pell, Pell, wasn't, millennials, Eli Lilly's Mounjaro, Goldman Sachs, Jason English, Nadine Sarwat, Bernstein, Sarwat, Spiros Malandrakis, , BUD YTD, who'd, Mickey Velado, Brian Sudano, Nell Healy, Healy, she's, Malandrakis, Ryan Brigden, Brigden, Sudano, Joseph Gabelli, Gabelli, Z, there's, it's, Garrett Nelson, They've, seltzer, Nelson, Molson Coors, Bud, he's Organizations: Gallup, Drugs, Nordisk's Ozempic, JPMorgan, CNBC, Euromonitor, Anheuser, Busch Inbev, Beverage Marketing, Constellation, Guinness, Corona, Heineken, Athletic Brewing Company, Heineken Holding, Carlsberg, Constellation Brands, Malandrakis, Beverage, Gabelli, Diageo, Molson Coors, Busch InBev, Molson, Anheuser Busch Locations: Brooklyn, U.S, GLP, imbibing, Angeles, Colorado, Washington, California, North Carolina, San Francisco Bay, Europe, British, Brazil, India
The Storm Brewing Inside Elon Musk’s Mind Gets Out
  + stars: | 2023-12-02 | by ( Tim Higgins | ) www.wsj.com   time to read: 1 min
The complicated mind of Elon Musk has taken center stage—intentionally or not. This could have been— should have been—a week all about Musk’s goodwill trip to Israel that he made Monday after an outcry followed his tweeting in support of antisemitic vitriol.
Persons: Elon Musk Locations: Israel
‘Eve’ Review: A Female Body of Science
  + stars: | 2023-12-02 | by ( David P. Barash | Cat Bohannon | ) www.wsj.com   time to read: +1 min
Cat Bohannon’s book, “Eve,” erases any lingering misconception about the centrality of women, giving us a detailed look at women’s biology, focused on how—as the subtitle indicates—“the female body drove 200 million years of human evolution.”Grab a Copy Eve: How the Female Body Drove 200 Million Years of Human Evolution By Cat Bohannon Knopf 624 pages We may earn a commission when you buy products through the links on our site. but otherwise, just the same as men’s,” and she critiques the persistent tendency of researchers and physicians to take male bodies as the norm. “From mouse to human, the male body is what gets studied,” she writes. In some circles, it is heretical to maintain that women and men are biologically different, largely because such differences have in the past been manipulated toward misogynist ends. Ms. Bohannon believes that “while the majority of scientists still effectively ignore the female body, there’s a quiet revolution in the science of womanhood brewing.”
Persons: Juan Roballo, Simone de Beauvoir, , Bohannon, Barnes, Organizations: Noble, Columbia University
Then, after a series of defeats in Egypt, Napoleon returned to France in 1799 and left many of the scientists stranded. At the time of Napoleon's invasion, travelers had long known of Alexandria, Cairo, and other parts of Lower Egypt. Just 21 and a botanist by training when he arrived in Egypt, Savigny collected invertebrates like worms, bees, spiders, snails, and flies. The Rosetta Stone helped Champollion discover how to decipher hieroglyphsFor centuries, no one could read hieroglyphs, the pictorial writing that covered many Egyptian monuments. When the French found the Rosetta Stone during their invasion, they knew it could serve as a kind of translation key.
Persons: Napoleon, , Napoleon Bonaparte, Egypt that's, Claude, Louis, Berthollet, natron, Werner Forman, savants, Sand, Dominique, Vivant, Denon, Karnak, he'd, Savigny, Jules, César Savigny, De Agostini, Getty Images Savigny, Etienne Geoffroy Saint, Hilaire, Geoffroy, Charles Darwin, Evon Hekkala, Crocodylus, John Vetch, Vetch, Rosetta Stone, Champollion, Rosetta, Jean, François, Nicolas, Jacques Conté Organizations: Service, Institut, West, Universal, Egypt wasn't, Art Media, Getty Images, Getty, Science, Society Picture Library, Europe, France's, British Museum, Fox, Cairo . Science Locations: Egypt, Cairo, France, Natron, Limestone, Wadi El Natrun, Upper, Lower Egypt, Alexandria, Edfu, Thebes, Esna, Paris, Egpyt, Europe
AdvertisementA serious issue for travelers could be quietly brewing amid the booming demand for cruises : oversold ships. With this has come an influx of last-minute bookings that may be catching cruise operators off guard, leading to oversold cruises, Scholes said. On Tuesday, an oversold Quantum of the Seas ship left several travelers stranded at the embarkation port in Brisbane, Australia. While hard to predict, Scholes said he "wouldn't be surprised" if there were a handful of oversold cruise incidents next year as well. Statistically, it's still unlikely: Only a handful of the millions of annual cruise travelers have ever been impacted by this.
Persons: , Patrick Scholes, Scholes, Brittany Chang, itineraries, wouldn't, it's, Raynor Organizations: Royal, Service, Truist Securities, Royal Caribbean Group, Seas, Seas ., Port, Business Locations: Royal Caribbean, Brisbane, Australia, Caribbean, Port of Brisbane
Oil prices fall, extend slide after OPEC+ cuts underwhelm
  + stars: | 2023-12-01 | by ( ) www.cnbc.com   time to read: +2 min
An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022. Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations. OPEC+'s output of some 43 million bpd already reflects cuts of about 5 million bpd aimed at supporting prices and stabilizing the market. The total curbs amount to 2.2 million bpd from eight producers, OPEC said in a statement after the meeting. Included in this figure is an extension of the Saudi and Russian voluntary cuts of 1.3 million bpd.
Persons: Alexander Novak Organizations: Brent, . West Texas, OPEC, Saudi Locations: Odessa , Texas, Saudi Arabia, Russia, UAE, Iraq, Kuwait, Kazakhstan, Algeria
Nespresso is brewing up competition in the U.S. coffee pod market. Nestlé's Nespresso, meanwhile, has had more success around the world, in a global retail coffee market that the Swiss food and beverage giant says is valued at about $100 billion. Nespresso's rise comes after the Keurig system took the U.S. by storm a decade ago. The company grew its domestic coffee sales by nearly $3 billion in the four-year span between 2009 and 2013. "There's still over 50 million households left in the U.S. coffee market that we look at and say, 'how do we meet the needs of those users?'"
Persons: Keurig, Nestlé's Nespresso, Nespresso, Matthew Barry, Nestlé, It's, Jean, Paul Gaillard, Alfonso Gonzalez Loeschen, Euromonitor's Barry, There's, Patrick Minogue, Dr Pepper Organizations: U.S, Euromonitor, CNBC, JPMorgan, Nespresso's, North America Locations: U.S, United States, North America
Total: 25