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☆ Mezcal is now the fastest-growing liquor in the US. Why aren't Mexican producers cashing in?
▼ + stars: | 2022-10-31 | by ( Robin Lindsay | Victoria Barranco | ) www.businessinsider.com time to read: +1 min

It's left smaller Mexican producers with a fraction of the profits. But as demand soars stateside, small Mexican mezcal producers aren't making the big bucks. While Mexican regulations do require mezcal to be made in Mexico, that hasn't stopped large, international companies from scooping up mezcal supplies, repackaging them, and reselling them for huge profits abroad. And the only organization that can stand in the way, the mezcal certifying agency COMERCAM, has faced claims of favoritism of large companies over smaller, traditional ones. This has left some century-old mezcal brands frustrated and fearful that their ancestral ways of making mezcal are at risk.

☆ 19-year-old who makes $10,000 a month from his video game side hustle: 'I never knew that writing could make me' so much money
▼ + stars: | 2022-10-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

During his senior year of high school, Arash Lahijani realized he could make money through an unusual side hustle: Writing backstories for video game characters. Arash Lahijani was a high school senior when he learned he could make money writing backstories for video game characters. Since then, he's earned $62,400 writing more than 400 character backstories for an online version of the video game Grand Theft Auto, according to documents reviewed by CNBC Make It. Here's how Lahijani learned how to write video game character backstories and how he plans to grow his income through writing:How to write a video game backstoryLahijani says his writing skills aren't from English classes or extracurricular interests. Those same types of hooks now serve as the first and last sentences of his character backstories, he adds.

☆ Analysis: 'The Surreal Life' reboot brings together another wild group of celebrity roommates
▼ + stars: | 2022-10-29 | by ( Lisa Respers France | ) edition.cnn.com time to read: +6 min

No judgment if Halloween is your thing, but I don’t like to be scared so I don’t indulge. Three things to watch‘The Surreal Life’The new cast of "The Surreal Life" sit down for dinner -- and some heated conversation -- in a scene from the VH1 show. From VH1/YouTubeI should probably start by mentioning that Dennis Rodman likes to walk around the house in which he filmed the new season of “The Surreal Life” naked. ‘The White Lotus’ Season 2(From left) Will Sharpe, Aubrey Plaza, Meghann Fahy and Theo James in a scene from season 2 of "The White Lotus" on HBO. And not to give too much away, but there’s a cool scene in season two which addresses binge-watch culture.

☆ Rock 'n' roll pioneer Jerry Lee Lewis, known as 'The Killer,' dies
▼ + stars: | 2022-10-28 | by ( Bill Trott | ) www.reuters.com time to read: +7 min

Like Chuck Berry's guitar, Lewis' piano was essential in shaping rock 'n' roll in the mid-1950s. "Jerry Lee thinks that Jerry Lee is too wicked to be saved." His young son Steve Allen Lewis drowned in 1962 and another son, Jerry Lee Jr., died in a 1973 car accident at 19. In his later years he settled down but biographer Rick Bragg recalled interviewing Lewis for his 2014 book "Jerry Lee Lewis: His Own Words." "I don't think Jerry Lee Lewis had to exaggerate his life one bit to make it interesting," Bragg told the Atlanta Constitution Journal.

☆ DoorDash is making 7 keys moves to dominate retail and grocery delivery after conquering restaurants — and creating new rivals in Instacart and Gopuff
▼ + stars: | 2022-10-27 | by ( Nancy Luna | ) www.businessinsider.com time to read: +12 min

In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. DoorDash has leaned heavily into grocery, convenience-store, and retail delivery since launching these expanded services in 2020. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.

☆ Australia's Coles flags climate challenge as floods push up inflation
▼ + stars: | 2022-10-25 | by ( Byron Kaye | Harshita Swaminathan | ) www.reuters.com time to read: +3 min

2 grocer Coles Group Ltd flagged climate change as its next big operational challenge on Wednesday as floods pushed up prices in the first quarter, lifting sales revenue but squeezing the farming supply chain. Coles shares fell 3% by mid-session, against a flat overall market, as analysts weighed the impact of inflation, which economists also blame on soaring energy prices, on profit growth. Shares of larger rival Woolworths Group Ltd, which reports September quarter sales on Nov. 3, were also down 3%. At its annual meeting, Woolworths CEO Brad Banducci said inflation remained a concern and the company expected the operating environment to remain challenging. With Australian inflation at a 32-year high of 7.3% in the September quarter, Coles CEO Cain said cost of living pressures were changing customer behaviour, with lower-income shoppers buying less fresh produce and more canned goods, and “catering in bulk” to reduce food waste.

☆ Wealthy people are splurging on bucket-list trips, flying to the Arctic Circle for private-chef-catered meals, renting out African safari lodges, and spending $300,000 for a half-hour opera serenade
▼ + stars: | 2022-10-25 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

Hard-to-access places like the Arctic Circle and Galapagos Islands are bucket-list travel hot spots. These well-off wanderlusters have helped create a travel-industry boom, with pent-up demand pushing bucket-list travel into this year's shoulder seasons. American Express Travel's 2022 Global Travel Trends report, which used polling data collected in early February 2022, confirms the move toward bucket-list travel this year. Quality time with loved ones matters above allBut not all bucket-list travel experiences need to be in far-flung corners of the world. Finnegan said traveling with his family made it a bucket-list trip.

REUTERS/Allison DinnerWASHINGTON, Oct 24 (Reuters) - The online liquor market Drizly settled with the U.S. Federal Trade Commission (FTC) over a data breach that exposed information about 2.5 million people, the agency said Monday. Under terms of the settlement, Drizly is required to destroy unnecessary data, restrict what it collects and requires Chief Executive James Rellas to follow certain data security practices. The agency said that the company and Rellas were informed about security problems long before Drizly was hacked and failed to address the problems. Drizly, which offers liquor delivery in more than 30 states, is owned by Uber (UBER.N). "Drizly & Rellas were alerted to security problems 2 years before the breach, yet they failed to act.

☆ Cramer: This bear market is getting long in the tooth — here's what is changing
▼ + stars: | 2022-10-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Owning a Johnson & Johnson (JNJ) or a Constellation Brands (STZ) isn't exciting. When I look at the companies that have reported already, I like Home Depot (HD) and UnitedHealth (UNH), Procter & Gamble (PG) and Johnson & Johnson. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ The US never banned asbestos. These workers are paying the price.
▼ + stars: | 2022-10-23 | by ( Kathleen Mcgrory | Neil Bedi | ) www.businessinsider.com time to read: +39 min

But protocols failed to match reality at the Niagara Falls plant, according to more than a dozen workers. In addition to those signature diseases, which are rare even among asbestos workers, the tiny strands can harm the body in other ways. In the 15 years that followed, congressional attempts to ban asbestos would continue to fall short. OSHA declined to make an official available for an on-the-record interview or comment on ProPublica's findings at the Niagara Falls plant. At the OxyChem plant in Wichita, union president Keith Peacock said he was comfortable with the way asbestos was handled.

☆ India's United Spirits profit doubles on one-off gain
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 21 (Reuters) - India's United Spirits Ltd (UNSP.NS) said on Friday its quarterly profit more than doubled from a year earlier, driven by a one-off gain from the sale of some brands to Inbrew. The Johnnie Walker whiskey maker said profit came in at 5.63 billion rupees ($67.83 million) for the three months ended Sept. 30, compared with 2.73 billion rupees a year earlier. Analysts on average had expected a profit of 2.36 billion rupees, according to Refinitiv IBES data. Before exceptional items and tax, profit rose 5% to 3.84 billion rupees. Margins in the liquor industry have been hit by surging inflation after a post-pandemic rebound, while scotch sales at companies like United Spirits have also been tempered by pricing issues in some states.

☆ Legal cannabis isn't beating the illicit market. The economist who wrote the book on legalization says there are 3 key ways to change that.
▼ + stars: | 2022-10-21 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

Cannabis legalization is failing to live up to key promises, the economist Robin Goldstein said. While federal cannabis legalization is one of the few US policy questions where there's widespread polling consensus, the industry is struggling. The Blunt Realities of Cannabis Economics," Goldstein and Sumner take a microscope to cannabis policy and the broader industry to answer key questions about the drug's future. "If you want smaller businesses to thrive, just break down barriers to entry because those barriers are best met by the biggest companies," Goldstein said. High prices for legal cannabis often push customers to illicit sellers.

The customs authority says Pernod did so to evade full payment of import taxes. Pernod has been "a habitual litigant and always attempts to abuse the due process of law," the filing added, referring to some previous tax demands Pernod challenged in India. It declined further comment due to ongoing litigation and because the filing by the customs authority wasn't public. To compensate for the undervalued imports, Pernod paid "hefty" dividends to the group's holding company, Pernod Ricard in France, which also owns Chivas Brothers, the investigation found. Last week, Pernod said its India CEO, Thibault Cuny, had stepped down due to health reasons.

☆ Tech giant Tencent was China's most valuable company for 6 years. In September, it finally lost the title — to a liquor company.
▼ + stars: | 2022-10-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Chinese tech giant Tencent's value has dropped to the worth of a local Chinese liquor giant. Once worth nearly $1 trillion, the gaming and internet giant now hovers at less than half of its peak market value. On September 30, Tencent lost its status as China's most valuable company when its market capitalization dipped below that of Guizhou-based distiller Kweichow Moutai. Harsh restrictions on tech giants spelled the end of Tencent's glory daysMoutai liquor is placed in a liquor store in Moutai town in Guizhou province. Costfoto/Future Publishing via Getty ImagesThat Kweichou Moutai's market value could even be compared to Tencent's shows how far the tech behemoth has fallen.

☆ Recession or not, investments in this sector have shown resilience in tough times
▼ + stars: | 2022-10-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

Boston Beer has an average analyst rating of hold and 8% downside to the average price target, according to FactSet. "In a recession, beer tends to gain about one percentage point of share from spirits. How to play the space With that mindset, you shouldn't alter your long-term investments because of a potential recession, Sarwat said. Its average price target is buy. Duckhorn also has an average rating of buy, with 30% upside to the average price target.

☆ Pernod Ricard India CEO Cuny steps down due to health reasons
▼ + stars: | 2022-10-14 | by ( Aditya Kalra | ) www.reuters.com time to read: +2 min

Cuny, who has been dealing with health concerns for some years, will take a break from his professional duties on medical advice, but will stay on with Pernod, the company said in its statement to Reuters. Cuny took over as the managing director and CEO of Pernod Ricard South Asia in 2019 after serving as Pernod Ricard Brazil as president and CEO. The company, which is embroiled in various tax and legal battles, is the second biggest spirits player in India where it competes with the likes of Diageo (DGE.L). Reuters reported last week Indian tax authorities, following an investigation, have demanded $244 million from Pernod India for undervaluing certain liquor imports for over a decade to avoid full payment of federal duties. In the interim, Philippe Guettat, Chairman and CEO of Pernod Ricard Asia, will take charge of Pernod Ricard South Asia, including India, the company said.

☆ Best Chinese food: 32 must-try dishes
▼ + stars: | 2022-10-13 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +20 min

Dan dan noodlesIt’s nearly impossible to dislike China’s soul-comforting dan dan mian, or dan dan noodles. Dan dan noodles are named after the way they were originally sold more than 100 years ago – on a dan dan, a carrying pole, by street hawkers. Some think dan dan noodles should contain a dry mix of noodles, made with minced meat, chopped scallions, spices, crushed peanuts and various sauces. Others disagree, preferring dan dan noodles in a hot, spicy, salty and nutty broth albeit with similar ingredients. Similar to Hainanese chicken rice, the Wenchang version is often served with yellow chicken fat rice and chicken soup.

Persons: –, It’s, Dan, mian, jiao, you’ve, Ding Baozeng, Ding Gongbao, Ding, Hanyuan, cai, hei, Jian bing, jian bing, bing guozi, Chen, chow, Su Dongpo, China’s, zhu, Shui zhu, zhu niu, Bao Bao, bao, jian bao, Rou jia, xin, cheung, yun cheung, Laap cheung, Yun cheung, Congee, Chaozhou Organizations: CNN, Adobe, Adobe Stock Locations: China, Peking, Nanjing, Beijing, Govan, –, Sichuan, Hunan, Shandong province, Fujian, Hainan, Malaysia, Pidu, It’s, Tianjin, Chen, Shunde district, Shaanxi, Fuding county, Ningbo

☆ Disney and Netflix are battling to sell ads on their cheaper versions, but Disney's pricing and seasoned sales teams are winning with brands
▼ + stars: | 2022-10-13 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Netflix is launching a tier with ads Nov. 3, with Disney+ following with a similar offering Dec. 8. Evercore estimated two-thirds of Disney+ subscribers would switch to the ad tier but the uptake remains a question. To be sure, many initial commitments to Disney+ Basic were negotiated as part of the larger TV upfront deals and ranged based on agencies' total spend. If Disney+ Basic underdelivers for advertisers, those buyers also have the assurance that Disney can fill the gaps with other parts of its video business. Disney+ has 152 million subscribers, including 45 million in the US, with a goal of hitting up to 165 million by the end of 2024.

☆ After Biden’s announcement on cannabis and racial equity, what's next?
▼ + stars: | 2022-10-11 | by ( Beau Kilmer | Beau Kilmer Is The Mccauley Chair In Drug Policy Innovation | Co-Director Of The Drug Policy Research Center At The Nonprofit | ) www.nbcnews.com time to read: +6 min

President Joe Biden’s announcement about cannabis policy reform last week underscored how keeping it illegal disproportionately harms people of color. Biden’s move is an important step in changing the federal approach to cannabis. Some jurisdictions are considering how cannabis tax revenues could be used to address racial disparities. For example, Evanston, Illinois., is using some of its cannabis tax revenues to support slavery reparations. Cannabis legalization isn’t just a yes-or-no choice.

☆ 13 Unique Gifts for Men Who Have Everything
▼ + stars: | 2022-10-05 | by ( ) www.wsj.com time to read: +8 min

From the cocktail gadget that will level-up his drinks to the ultimate undershirts, these are presents you can purchase with confidence—no gift receipt required. While both the V-neck and crew come in black, white and gray, she prefers the beige shade because it doesn’t show under a white shirt. For utilitarian typesLike the little black dress of menswear, this casual blazer made of knit cotton will take him from the office to date night. “Top Chef” finalist and Washington, D.C.-based chef and restaurateur Spike Mendelsohn is a fan of the contraption. Even better, the jean material “came ready-to-wear with no awkward break-in period, plus a custom liner.”

☆ How the founders of hot cannabis-beverage startup Cann quietly raised millions from big-name investors amid the industry's downturn
▼ + stars: | 2022-10-04 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

Cann's cofounders shared their vision for competing with the biggest alcohol brands. Cann is InvestBev's first foray into cannabis beverages, Brian Rosen, an InvestBev partner, told Insider in an interview. He said his firm was looking to make an investment in cannabis beverages, and Cann stood out to him. The future of cannabis beverages will be challenging, founders sayTo be sure, cannabis beverages face challenges. Big alcohol brands have made their own bets on cannabis beverages, without much to show so far.

☆ Ohio GOP candidate J.R. Majewski was demoted from military rank for drunk driving on a US airbase in Japan
▼ + stars: | 2022-09-29 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +2 min

Ohio GOP candidate J.R. Majewski's military record is again coming into question. According to The AP, Majewski was demoted because he drove under the influence in Japan. His campaign told the AP last week that he had been demoted for a brawl with a fellow servicemember. and I'm sure our parents and grandparents share these sentiments," Majewski told the AP on Wednesday. "The orders and military records that I have been able to obtain from my personal files shows that all of my deployments are listed as classified," Majewski told his supporters.

☆ Jeremy Grantham and 4 money managers share their top strategies for navigating a bear market in stocks
▼ + stars: | 2022-09-28 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Below we've compiled views from 5 money managers on how to navigate bear market environments. When the going gets tough in financial markets, it can be difficult to know what to do with your money. To help navigate the current environment, we've compiled views from money managers on the best ways to approach investing in bear markets. Jeremy Grantham, founder of GMOJeremy Grantham is no stranger to bear markets — he called the 2000 and 2008 sell-offs, as well as the current one. Essele's top tip for navigating bear markets, however, is a more simple one: "Buy a lot of brown liquor."

Show more Regular APR 18.24% - 25.24% Variable Editor's Rating 4.8 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. How we chose the best grocery credit cards We narrowed down our list of the best credit cards for grocery shopping by evaluating several factors: Ease of use — Does the card have a straightforward rewards program? However, there are a handful of student credit cards — which don't require a long credit history — that earn bonus rewards on grocery purchases. For example, the Capital One SavorOne Student Cash Rewards Credit Card earns 3% cash back on groceries, dining, entertainment, and eligible streaming services. What counts as a grocery store or supermarket for bonus credit card rewards?

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