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☆ Bobby Allison, NASCAR Hall of Famer and 3-time Daytona 500 winner, dies at 86
▼ + stars: | 2024-11-10 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

Bobby Allison, founder of racing’s “Alabama Gang” and a NASCAR Hall of Famer, died Saturday. He was the 1983 NASCAR champion, finished second in the series title race five times, and a three-time winner of the Daytona 500. Allison was inducted into the Motorsports Hall of Fame in 1992 and into the NASCAR Hall of Fame along with Ned Jarrett, Bud Moore, Pearson and Lee Petty. “Though he is best known as one of the winningest drivers in NASCAR Cup Series history, his impact on the sport extends far beyond the record books. Allison is one of 10 drivers to have won NASCAR’s career “grand slam” that includes the Cup Series’ most iconic races: the Daytona 500, the Winston 500, the Coca-Cola 600 and the Southern 500.

Persons: Bobby Allison, Allison, Jim France, Darrell Waltrip, Mike Helton, of Famers Richard Petty, David Pearson, Jeff Gordon, “ Bobby, ”, “, Cale Yarborough, “ Cale, ” Allison, Donnie, Red Farmer, Jimmy Mears, Neil Bonnett, Allison’s, Davey, Clifford, Bobby, Judy, Ned Jarrett, Bud Moore, Pearson, Lee Petty, “ Bobby Allison, ’ ”, Roger Penske Organizations: Alabama, NASCAR, of Famer, NASCAR’s, Meyers, Bowman Gray, France, of Famers, of Fame, Catholic, Sunshine State, Talledega Superspeedway, Busch, Michigan International Speedway, Motorsports Hall of Fame, Winston, Indy Locations: Mooresville , North Carolina, North Carolina, Miami, Alabama, Florida, Hueytown , Alabama, Talladega, ’ ” France

☆ Booze sales fall back to earth — except for one retailer
▼ + stars: | 2024-11-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.

Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, ”, Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States

☆ Retailers brace for DEI blowback in lead-up to election, holiday shopping season
▼ + stars: | 2024-11-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. Retailers are facing a tough equation as they head into the all-important holiday shopping season — this time over DEI initiatives. CNBC spoke with a number of retail industry insiders, strategists and staffers who spoke on the condition of anonymity to do so candidly. Last year, Anheuser-Busch -owned Bud Light and Target faced severe blowback for marketing campaigns and product collections geared toward the LGBTQ community and saw sales fall as a result.

Persons: Bud, Bud Light, Robby Starbuck, it's, Molson Coors Organizations: Anheuser, Busch, CNBC, Retailers, Supply, Ford, Molson, Pride, Human Rights, Google, Supreme, Bud Light, Target Locations: Arco , Idaho

☆ Brewer AB InBev softens third-quarter miss with share buyback, guidance raise
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +1 min

AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024. Anheuser-Busch InBev on Thursday reported third quarter profits, revenues and volumes all well behind forecasts, as the top brewer sold less beer in key markets like the United States, Mexico and China. The world's largest beer maker however also raised its full-year guidance and announced a $2 billion share buyback over the next 12 months. Its revenues and volumes, meanwhile, saw a 2.1% rise and 2.4% decline respectively, compared to analyst forecasts for a 3.4% increase and 0.4% decline. Revenues and volumes were down 16.1% and 14.2% respectively in China, with AB InBev flagging particular weakness in sales in venues such as bars and restaurants.

Persons: Michel Doukeris, Stella Artois Organizations: InBev Budweiser, Bud Light, Anheuser, Busch InBev, InBev Locations: Queens, New York, United States, Mexico, China

☆ 14 earnings reports and major economic data will be the stock market movers this week
▼ + stars: | 2024-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.

Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City

☆ I went to my favorite Halloween theme park events sober. They were even scarier — and more fun.
▼ + stars: | 2024-10-20 | by ( Terri Peters | ) www.businessinsider.com time to read: +7 min

I also attended many scary Halloween events in Central Florida this spooky season completely sober. Yes, the events felt scarier sober, but that was so much more funThe author says she found the Halloween events scarier while sober. My favorite Halloween event ended was the most sober-friendlyHalloween Horror Nights was the author's favorite event. Attending events without alcohol felt freeingThe author enjoyed attending Halloween events sober. Courtesy of Terri PetersWas I scared to attend Halloween events without an alcoholic drink in hand?

Persons: I've, —, It's, Terri Peters, I'd, Coke, Terri Peters Universal Orlando Organizations: Service, Universal Orlando, SeaWorld, Universal, Walt Disney World, SeaWorld Orlando, Busch Gardens Tampa, Terri Peters Universal Locations: Central Florida, Florida, Busch Gardens Tampa Bay

☆ Disney’s new all-access, skip-the-line plan can cost more than the park ticket does
▼ + stars: | 2024-10-16 | by ( Natasha Chen | ) edition.cnn.com time to read: +7 min

For example, it will cost $137.39 (after tax) to add the Premier Pass to an Animal Kingdom park ticket on a less busy day. EPCOT’s pass would cost more, Hollywood Studios a bit more than that, with the most expensive Premier Pass at Magic Kingdom. To buy a Premier Pass for the Magic Kingdom park on a very busy day such as Christmas would cost $478.19 (after tax) in addition to your park ticket. At Universal Studios Hollywood, which has one theme park with 17 express lines, this pass can cost anywhere from $80 to $170 (not taxable) in addition to the theme park ticket price. The Premier Pass is “priced for someone for whom the time-money tradeoff is different,” Munsil said.

Persons: CNN —, ”, Disney, EPCOT’s, Allen J, what’s, CNN Don Munsil, Munsil, ” Munsil Organizations: CNN, Lightning, Disney, Walt Disney World, Disneyland, Hollywood Studios, Magic Kingdom, Los Angeles Times, Disney Food, The Universal Studios, Universal, Busch Gardens, Universal Studios Hollywood, Universal Resort Orlando, Universal Orlando, Royal Pacific Locations: Florida, California, Animal, Animal Kingdom, Magic, Disney California, ”, SeaWorld, Portofino

☆ 'The choice of the people': How Modelo and Corona maker Constellation Brands won the loyalty of Hispanic consumers in the U.S.
▼ + stars: | 2024-10-12 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Riojas is part of a base of Hispanic consumers that has become a focal point for Constellation Brands' beer business, which also includes products such as Corona and Pacífico. Hispanic- and Latino-identifying customers accounted for 32.5% of Constellation Brands' sales in 2023, according to data from consumer research firm Numerator and investment bank Jefferies. "Hispanic consumers are the single most important consumer group for our beer business," said Mallika Monteiro, executive vice president and managing director for Constellation's beer brands. The company officially acquired the U.S. beer business of Groupo Modelo, which included Modelo and Corona, from Anheuser-Busch in 2013. "Time and time again, you see that there's that strong bond that consumers form emotionally with brands," Aguirre-Rodriguez said.

Persons: Mario Tama, Rio Riojas, It's, Modelo, Bud, Mallika Monteiro, we've, Alexandra Aguirre, Rodriguez, Constellation's Monteiro, Monteiro, FIU's Aguirre, Aguirre, Kaumil Gajrawala, Gajrawala, William Newlands, Tom Fullerton, bode Organizations: Modelo Especial, Getty, Rio, Constellation Brands, Corona, Modelo, Constellation, Jefferies, Anheuser, Busch, Groupo Modelo, Florida International, University of Texas Locations: Los Angeles , California, Lansing , Michigan, U.S, Mexico, Corona, York, America, Modelo, El Paso, Americas

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Microsoft, Wells Fargo, Disney, Apple, First Solar & more
▼ + stars: | 2024-10-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We reiterate our Overweight rating on the name as NVDA remains our Top Pick." JPMorgan reiterates Charles Schwab as overweight JPMorgan raised its price target on the stock to $86 per share from $78. "We are initiating coverage of Morningstar (MORN) with a Buy rating and a $390 price target. Wells Fargo reiterates Tesla as underweight Wells says it remains "skeptical" heading into Tesla's robotaxi day later this week. "We are initiating coverage of MBX Biosciences with an Overweight rating and Dec 2025 price target of $30."

Persons: Cantor Fitzgerald, Cantor, TD Cowen, Cowen, Wolfe, Wells, Bernstein, Oppenheimer, Goldman Sachs, Milton, Irma, JPMorgan, Charles Schwab, Morningstar, Redburn, Goldman, Tesla, TSLA, Key, Affirm's, it's, Morgan Stanley, it's bullish, Abbott, Susquehanna, KeyBanc Organizations: Anheuser Busch InBev, InBev, Humana, STARS, Microsoft, Disney, JPMorgan, UBS, Biotech, Legend Biotech, Barclays, Optimus, Qualcomm, Express, American Express, Netflix, Bicara Therapeutics, Abbott Labs, Howmet Aerospace, Commercial Aerospace & Defense, Bank of America, Apple, MBX Biosciences, Delta, Argus, McDonald's Corp Locations: China, Wells Fargo, F4Q17, 1H26, Tesla's

☆ Sweden told people to open their hearts to immigrants 10 years ago. Its U-turn has been dramatic
▼ + stars: | 2024-10-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Sweden registered 81,301 asylum seekers in 2014, data shows. Jonas Ekstromer | Afp | Getty Images"It pains me that Sweden is no longer capable of receiving asylum seekers at the high level we do today. Since then, Sweden's immigration policy has been on a one-way street. A decade ago, all member states of the European Union were encouraged to welcome asylum seekers and refugees fleeing conflict zones in the Middle East, notably Syria but also Iraq and Afghanistan. This year, Sweden is expected to have its lowest number of asylum seekers since 1997.

Persons: Laurie Noble, Sweden's, Fredrik Reinfeldt, Jonas Ekstromer, Stefan Löfven, Jimmie Akesson, Ulf Kristersson, Ebba Busch, Johan Pehrson, Kristersson, Linnea Rheborg, Jacob Lind, " Lind, Lind, Lesbos Spencer Platt, Migration Maria Malmer Stenergard Organizations: Stone, Getty, Afp, Sweden Democrats, Sweden, Moderate, Liberal, Christian Democrats, Malmö University, CNBC, European, UN Refugee Agency, Swedish Migration Agency, EU, Migration, Nurphoto Locations: Stockholm, Sweden, Europe, Syria, Malmo, Iraq, Iran, Somalia, Afghanistan, Swedish, Sundbyberg, Germany, Lesbos, Stockholm City

☆ Modelo brewer Constellation falls despite an earnings beat. Here's why we're not concerned
▼ + stars: | 2024-10-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

Modelo and Corona brewer Constellation Brands is a tale of two businesses. Constellation Brands Why we own it : Constellation Brands' beer franchise, which includes popular Mexican brands Modelo, Corona and Pacifico, is the growth engine and by far the most attractive part of the business. And, the profitability of its beer business — operating margins were an impressive 42.6% in the quarter — puts Constellation in a position of strength. Still, raising an anchor is always welcome news, and talk of its booming beer business would, at last, no longer need the wine-and-spirits caveat. Looking ahead, its beer business should continue grabbing market share and its hard to imagine the wine-and-spirits unit getting much worse.

Persons: Bill Newlands, Thursday's, Newlands, Kim Crawford, There's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Corona, Constellation Brands, LSEG, Modelo, Anheuser, Busch Inbev, Molson Coors, Investors, Constellation, National Football League, Bloomberg, Brier, Modelo Especial, CNBC Locations: Corona, Pacifico, Wednesday's, U.S, Campo, West Coast, San Rafael , California

☆ Hard Seltzers and Canned Cocktails Are Getting Boozier
▼ + stars: | 2024-10-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

Hard seltzers, spiked seltzers, and their ilk have been marketed as lighter than traditional alcoholic beverages. In the 2010s, the hard seltzers started to pop up, with names like White Claw and Truly, both of which launched in 2016. Advertisement"During the pandemic, hard seltzers really blew up, and I think hard seltzers are one of those ones that were perceived as a little bit of a better-for-you option," said Kaleigh Theriault, an associate director of beverage-alcohol thought leadership at NIQ, a market research firm. The market got saturated, and people started to realize there could be a lot more to canned alcohol than beer and hard seltzers. "So companies are having to innovate more and more, and that has led to some higher-ABV canned cocktails."

Persons: they've, aren't, seltzer, Kaleigh Theriault, that's, NIQ, Chris Budzik, Cayman Jack, there's, Kate Bernot, Bernot, you've, " Theriault, It's, Bud, —, Bud Light, Budzik, he'd, Will, Emily Stewart Organizations: Brands, Anheuser, Busch InBev, NIQ, AB InBev, Coca, Modelo, Business Locations: seltzers, Manhattan, NIQ, Pennsylvania, Michigan, Vermont, America

☆ How Trump consolidated control over his party and right-wing media in a ‘cloud of confusion’
▼ + stars: | 2024-10-03 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

The filing emphasizes Trump’s fake electors plot and describes the former president’s attempts to sow confusion in the aftermath of the election. The following is adapted from the newly expanded paperback edition of “Network of Lies,” my book about the 2020 election and the chaotic aftermath. “Cloud of confusion” was the perfect, succinct summary of the right’s strategy. He is emulating the successful strategy of Vladimir Putin.”The “cloud of confusion” clearly affected some of the people who stormed the Capitol on January 6, 2021. His social media footprint showed how he was radicalized—and how he trusted both Trump and Carlson over reliable sources of news.

Persons: Jack Smith, Donald Trump, Trump, Kenneth Chesebro, ” Chesebro, Jack Smith’s, Biden, Chesebro, Jim Troupis, ”, Mike Pence, MAGA, Sean Hannity, Tucker Carlson, Hannity, Roe, Kamala Harris, Trump’s, Hillary Clinton, John Podesta, “ Trump, ” Trump, “, Vladimir Putin, Daniel Donnelly Jr, —, Carlson, “ Tucker, Donnelly, provocateur, Carlson “, Cheseboro Organizations: CNN, “ Network, Republican, Democratic, WI, Trump, GOP, White, Capitol, Busch, St, Louis Cardinals, Facebook, Fox, NBC Locations: Wisconsin, Ohio, ”, Missouri

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Ford, Clorox, Netflix, Pinterest & more
▼ + stars: | 2024-10-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley initiates LatAm Airlines at overweight Morgan Stanley says shares of the Latin American airline are undervalued. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley says it's sticking with Tesla ahead of the company's robotaxi day. Bank of America upgrades Alcoa to buy from neutral The firm says the aluminum company is uniquely positioned. Goldman Sachs upgrades Ford to buy from neutral Goldman says it likes the auto giant's "opportunity in software and services." Morgan Stanley reiterates Nvidia as overweight Morgan Stanley says it's standing by the dominant maker of AI processors.

Persons: Morgan Stanley, LTM, Tesla, Oppenheimer, it's, Goldman Sachs, Goldman, Raymond James, Atlassian, Hewlett Packard, it's bullish, Jefferies, KeyBanc, Davidson, Patrick, Wells, Nvidia's Blackwell, Raymond James downgrades Disney Organizations: LatAm, Bank of America, Alcoa, AA, Barclays, Apple, Citi, Anheuser, Busch InBev, Ford, HP, Meta, Google, YouTube, UBS, Netflix, Resources Locations: U.S, Mexico, Florida, Parks

☆ Stocks making the biggest moves premarket: Ford, Clorox, Boeing, Pinterest and more
▼ + stars: | 2024-10-01 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Ford Motor — The automaker jumped 2.3% after Goldman Sachs upgraded shares to buy from neutral. CVS Health – Shares rose 2% after CNBC, citing people familiar with the matter, reported that CVS is working with advisors on a strategic review of its business. Clorox — Shares of the household supplies company rose more than 1.5% after an upgrade to buy from hold at Jefferies. Pinterest — Shares of the online platform added 3.3% after Goldman Sachs added Pinterest to its "Americas Conviction List." Datadog — The cloud analytics company rose 1.7%.

Persons: Goldman Sachs, Raymond James, Ric Prentiss, Clorox, Pinterest, Datadog, Davidson, Oppenheimer, — CNBC's Sean Conlon, Sarah Min, Samantha Subin, Pia Singh, Michelle Fox, Jesse Pound Organizations: Ford, Super, Disney —, CVS, CNBC, Reuters, Anheuser Busch InBev, Citi, Anheuser, Busch, Jefferies, Boeing, Bloomberg, Alcoa, Bank of America

☆ Rebel Wilson has married her fiancée Ramona Agruma, 2 years after she was almost outed by a reporter
▼ + stars: | 2024-09-29 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Rebel Wilson and her fiancée Ramona Agruma married in Italy on September 28, per People. Wilson announced her relationship with Agruma in June 2022 after she was almost outed by a reporter. AdvertisementRebel Wilson and her partner Ramona Agruma are now married. Instagram/Rebel Wilson (@rebelwilson)Before dating Agruma, Wilson's last publicly known relationship was with Jacob Bush, a member of the Anheuser-Busch family, per Forbes. I end with, 'So in this cliché way, on this cliché day, Ramona Agruma, will you marry me?'

Persons: Rebel Wilson, Ramona Agruma, Wilson, Agruma, —, Royce Lillian Elizabeth, Instagram, Wilson's, Jacob Bush, Busch, Bush, Lemon, …, Andrew Hornery, Hornery, Scott Eisen, Airbnb Wilson, Ramona Organizations: Service, Business, Anheuser, Forbes, Disney, Sydney Morning Herald Locations: Italy, Australian, Sardinia, Lemon Limon, Los Angeles

☆ Philadelphia Phillies clinch first NL East title since 2011 with 6-2 win over Chicago Cubs
▼ + stars: | 2024-09-24 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

CNN —When the Philadelphia Phillies won the National League (NL) East for the fifth year in a row in 2011, they probably did not expect to have to wait too much longer for their next division title. Fast-forward to Monday night and the Phillies have clinched their first NL East crown in 13 years with a 6-2 win over the Chicago Cubs at Citizens Bank Park. Only the Los Angeles Dodgers (93-63) have a better record in MLB this season than the Phillies (93-64). “This is what you work for all year,” two-time NL MVP Bryce Harper told NBC Sports Philadelphia from a raucous locker room. To be able to win your division, it’s hard to do in baseball.

Persons: Rob Thomson’s, ”, Bryce Harper, “ I’ve, “ We’ve, we’ve, Kyle Schwarber, We’re, We’ve, Rob Thomson, Matt Slocum, Schwarber, JT Realmuto’s, Ryan Howard, Nick Castellanos ’, Trea Turner, Luis Vázquez, Harper, Castellanos, Michael Busch Organizations: CNN, Philadelphia Phillies, National League, Phillies, NL East, Chicago Cubs, Citizens Bank, The Atlanta Braves, Atlanta, Los Angeles Dodgers, MLB, NBC Sports Philadelphia, Milwaukee Brewers, Houston Astros, Cubs Locations: Philadelphia

☆ I love being a middle manager. Amazon's decision to cut middle managers saddens me — this role is misunderstood.
▼ + stars: | 2024-09-23 | by ( Elle Hardy | ) www.businessinsider.com time to read: +5 min

I landed my current role in PR middle management through a Facebook mentoring groupThe CEO, Tiffany Joy Murchison, led a session I joined and asked the class what we wanted to discuss. In middle management, there's an adjustment phase where you adapt to established procedures. AdvertisementI think many middle managers feel undervalued because it's not a lane many want to be in. Amazon's recent announcement that they're cutting down on middle managers saddens me. Middle managers are crucial in bridging communication between executives and staff, ensuring operations run smoothly.

Persons: —, Michelle Busch, I've, Tiffany Joy Murchison, We'll, we're, Lauryn Haas Organizations: Service, Business, TJM, Media, lhaas Locations: Washington ,, Brooklyn , New York, New York

☆ Nonalcoholic drinks: Some experts are calling for age restrictions on sales
▼ + stars: | 2024-09-20 | by ( Brenda Goodman | ) edition.cnn.com time to read: +7 min

The market for nonalcoholic drinks has been growing as more people — notably younger adults — look to cut their alcohol use. Bowdring says there’s emerging evidence that nonalcoholic beverages may prime kids to switch to the real thing. Surveys of elementary, middle and high school students in Japan, where the legal drinking age is 20, found that 20% to 30% said they were drinking nonalcoholic beverages. So minors in those states can buy nonalcoholic drinks but not those with low levels of alcohol. For minors, there’s no benefit in consuming nonalcoholic drinks, and there is some evidence of potential harm, she said — which is why she thinks states need to step in to curb sales.

Persons: ”, Molly Bowdring, Kristen Bell, Kelly Clarkson’s, “, Bowdring, who’d, Leon Booth, ” Booth, ” Lisa Hawkins, Busch, officiais, Dr, Sanjay Gupta, there’s Organizations: CNN, Stanford Prevention Research, George Institute for Global Health, Budweiser, “ Anheuser, Beer, Constellation Brands, District of Columbia, Get CNN, CNN Health Locations: Corona, Japan, Taiwan, Australia, New South Wales, Georgia, Idaho, Florida, Kansas

☆ Here are Tuesday's biggest analyst calls: Apple, Costco, Nvidia, Palantir, Broadcom, Tesla, Amazon, Meta & more
▼ + stars: | 2024-09-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"We launch coverage of GE Aerospace with an Outperform rating, target price $201." (ELF) with a Buy rating and a 12-month price target of $175 per share." "We initiate with a Buy rating on Harmony , a commercial stage biotech focused on CNS [central nervous system] disorders." "We are initiating coverage of ProKidney Corp. (PROK) with a BUY rating and $6 price target." We are initiating coverage with a BUY rating and $600 price target."

Persons: Morgan Stanley, Apple, Tesla, it's, Bernstein, Riley, Wolfe, Stryker, BUD, JMP, Redburn, BTIG, Palantir, Goldman Sachs, Nutrien, Goldman, Cantor Fitzgerald, Cantor, Melius, Johnson, Guggenheim, it's bullish, D.A, Davidson, Meta Organizations: Apple, Apple Intelligence, Intelligence, Deutsche Bank, Deutsche, GE Aerospace, GE, Inc, Anheuser, Busch InBev, Oracle, Costco, Equity, Haemonetics, Plasma Solutions, Blood Center, Hospital Care Solutions, " Bank of America, Bank of America, UBS, Amazon, Harmony Biosciences, NTR, Nvidia, Broadcom, Johnson, Johnson Controls, ProKidney Corp

☆ Shohei Ohtani moves closer to 50-50 season with 47th steal in Los Angeles Dodgers’ 10-4 loss to Chicago Cubs
▼ + stars: | 2024-09-10 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Shohei Ohtani stole his 47th base of the season on Monday night to take him one step closer to a historic 50-50 season as the Los Angeles Dodgers lost 10-4 to the Chicago Cubs. Despite moving closer to making history, Ohtani was not the only storyline on Monday night. In fact, it was the performances of two former Dodgers, Cody Bellinger and Michael Busch, which decided the game. After the Dodgers halved the deficit in the fifth, the Cubs responded an inning later when Busch’s RBI single brought home Bellinger, and catcher Miguel Amaya batted in two more. An impressive return to LA for Bellinger was completed with an RBI single in the top of the ninth, followed by an excellent diving catch to kick off the bottom.

Persons: Shohei Ohtani, Ohtani, Alfonso Soriano, Jose Canseco, Ronald Acuña Jr, Barry Bonds, Alex Rodriguez, Cody Bellinger, Michael Busch, Bellinger, Busch, Kyle Hendricks, Mark J, Terrill, Hendricks, Max, Miguel Amaya Organizations: CNN, Los Angeles Dodgers, Chicago Cubs, Seattle Mariners, Dodgers, Cubs, Dodger Locations: LA

☆ Stocks making the biggest moves before the open: Apple, Oracle, Boot Barn, Mission Produce and more
▼ + stars: | 2024-09-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Mission Produce — The avocado producer surged 21.6% after reporting revenue for the fiscal third quarter jumped 24% from a year ago. The company reported sales of $324 million, compared with $261.4 million in the same three-month period one year before. Boot Barn — Shares rose 6% after the Western-style retailer provided an update on its recent performance ahead of a Piper Sandler Growth Frontiers Conference presentation. Boot Barn announced preliminary consolidated same-store sales growth of 4% in its fiscal second quarter. Johnson Controls International — Shares rose nearly 2% after JPMorgan upgraded the stock to buy from neutral.

Persons: Piper Sandler, LSEG . Patterson, Alibaba, Morgan Stanley, Wells Fargo, —, Samantha Subin, Sean Conlon, Lisa Kailai Han, Jesse Pound, Yun Li, Scott Schnipper Organizations: Growers, Oracle, LSEG, Apple, Hewlett Packard Enterprise, Juniper Networks, Revenue, UTI Energy, Hong, Reuters, Johnson, JPMorgan, Anheuser, Busch Inbev SA, Equity Locations: California, U.S, Alibaba —, China, Hong Kong, Shanghai, Shenzhen, Wells

☆ Bank of America names 3 ETFs and a handful of stocks that will benefit from AI
▼ + stars: | 2024-08-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bank of America has identified several stocks and exchange-traded funds (ETFs) poised to benefit from the growth in artificial intelligence. The Wall Street bank surveyed its fundamental equity team of 130 analysts, covering approximately 3,400 companies, to identify the companies that stand to gain from AI across various sectors. The bank believes the development of AI is the third major tech cycle over the past five decades. The earlier cycles are the growth of the internet and mobile phone devices. "Despite AI capital expenditure potentially reaching [$1 trillion plus] in the near term, we're only in 1996 relative to the internet," said Bank of America analysts led by Alkesh Shah, who compiled the stock picks, on Aug 5.

Persons: Alkesh Shah, — CNBC's Michael Bloom Organizations: of America, Budweiser, Anheuser, Busch InBev, ASM International, SAP Locations: U.S, Orange, British

☆ Disney has a price problem. It has ambitious plans to fix that
▼ + stars: | 2024-08-16 | by ( Natasha Chen | ) edition.cnn.com time to read: +11 min

“With 2025 also being the opening of Universal’s Epic Universe, there will likely also be negative impacts on Walt Disney World attendance. Still, the price of Disney tickets today compared to past years prices out some families. The grievance from the fan community is that this used to be free at Disney parks. Transportation from the Orlando airport to Disney World property also used to be included for Disney hotel guests, but that service has been discontinued. Munsil said the Disney parks are “expensive, yes, but there’s nothing else on Earth like them.”

Persons: CNN —, Raymond James, Hugh Johnston, Josh D’Amaro, ” D’Amaro, D’Amaro, ”, “, Gary Hershorn, Tom Bricker, ” Bricker, Bricker, Don Munsil, Munsil, Mindy Marzec, ” Munsil, Victoria Wade, ” Wade, Wade Organizations: CNN, CNN — Disney, Disney, Walt Disney Parks and Resorts, Pixar, Corbis, “, Walt Disney, Walt Disney World, “ Star, Busch, Transportation, Food, Disney Food, Magic, Universal Studios, Magic Kingdom Locations: Orlando, Anaheim , California, Wakanda, California, Florida

☆ Social media keeps catching Wall Street off guard
▼ + stars: | 2024-08-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

In 2015, he created TickerTags, a social media data aggregator that tracks company mentions, and sold it to Jefferies' M Science. To be fair…Speculating and making decisions based on social media trends is a risky wager. Wall Street doesn't always respond to social media trends that could negatively drive fundamentals because there aren't tools to understand the impacts, McKeown noted. In the event a social media trend is mentioned, it's not factored into their valuation model, Ober added. How social media sentiment plays into a thesis should depend on an investor's time horizon.

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