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☆ Bud Light loses more ground, slipping to No. 3 in America
▼ + stars: | 2024-07-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Bud Light, formerly the top-selling beer in the United States, has had a tough year since a boycott upended the industry. Modelo Especial, made by rival Constellation Brands, remains the top-selling beer at retailers in the US after surpassing Bud Light last year. For the past four weeks ending on July 6, Bud Light captured 6.5% of beer dollar sales at retail stores compared to 7.3% for Michelob Ultra, NIQ data shows. Michelob Ultra’s rise to the top isn’t solely because of the decline of Bud Light. For Bud Light, its marketing efforts pivoted to win back conservatives.

Persons: Bud Light, leapfrogged Bud, Bud Light’s, influencer Dylan Mulvaney, It’s Organizations: New, New York CNN, Anheuser, Busch, Especial, Constellation Brands, Modelo, Industry, Copa America soccer, Team USA, US, UFC Locations: New York, United States

☆ Running clubs are surging in popularity and all types of brands are lining up to sponsor them
▼ + stars: | 2024-07-18 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

For years, big fitness brands like Lululemon and Nike have hosted running clubs at their stores that attract athletes. But the more recreational and social running clubs popping up all over the country are getting the attention of brands of all stripes. Running app Strava has 860,000 clubs on its platform, and 37% of active users are part of a running club. Most of Slow Girl Run Club's runners are women between the ages of 22 and 30. Instead, she looks for partnerships that Slow Girl Run Club's members are interested in.

Persons: —, Gen, Tyler Swartz, Swartz, Endorphins, Isabel DiGiovanni, DiGiovanni, Coco Organizations: Service, Nike, Business, Brands, IRL, New, New York, New York Mets, New York Marathon, Miru Locations: New York, Chicago, Miami, Dallas

The information for the following product(s) has been collected independently by Business Insider: Citi Strata Premier℠ Card, Citi Prestige® Card, Citi Rewards+® Card, Citi® Double Cash Card, Citi Custom Cash℠ Card, AT&T Points Plus® Card. Good Citi Airline Transfer PartnersSome Citi airline transfer partners can provide decent value, but only in certain situations. Citi Airline Transfer Partners That Aren't Great ValueThe rest of the Citi ThankYou airline transfer partners are generally not worth considering, except for extremely niche redemptions. Otherwise, with the Citi Rewards+® Card, Citi ThankYou® Preferred Card, and Citi® Double Cash Card, the ratio is 5:4 (1,000 Citi ThankYou points = 800 Wyndham points). Other Rewards ProgramsIn addition to airline and hotel transfer partners, Citi ThankYou has one retail transfer partner.

Persons: Wyndham, Hilton, Lifemiles, Avianca, Eva, it's, It's, Accor, you'll, Howard Johnson, Travelodge —, you've, nonrefundable — Organizations: Business Insider, Citi, Premier, Card, Citi Prestige, Wyndham Rewards, JetBlue, Air France, KLM, Singapore Airlines, Cathay Pacific, Citi Transfer, Citi Strata Premier, Citi Prestige ®, Partners, Turkish Airlines Miles, Turkish, Star Alliance, Miles, United Airlines, United, Blue Air France, Singapore Airlines KrisFlyer Singapore Airlines, Air, Lufthansa, Alaska Airlines, KrisFlyer, Virgin Atlantic Flying, Virgin, Delta, Flying, Ethiopian Airlines, Good Citi, Transfer Partners, Etihad Guest Etihad, Czech Airways, Etihad, Royal Air Maroc, Cathay, Cathay Pacific Asia Miles Cathay, Oneworld, American Airlines, British Airways, Qantas Frequent Flyer, Qantas, Transfer, Aeromexico, Premier Aeromexico, Emirates Skywards, Emirates, Qatar Airways Privilege, Gulf, American, Qatar Airways . Thai Airways Royal Orchid Plus Thai Airways, Raffles, Citi Premier, Prestige, Choice, Comfort, Radisson Hotels, Radisson, Wyndham, Vacasa, Sears, CitiTravel.com, EV, Aeromexico Club Premier Air France, Cathay Pacific Asia, JetBlue TrueBlue Qantas Frequent Flyer Qatar Airways Privilege Club Singapore Airlines KrisFlyer Thai Airways Royal Orchid Plus Turkish Airlines Miles, Smiles, Atlantic Flying Club Wyndham Rewards, ℠ Locations: Hawaii, Europe, Air Canada, Singapore, Delta, Prague, Seoul, New York, JFK, Casablanca, Cathay Pacific Asia, Los Angeles, Hong Kong, Cathay Pacific, Emirates, Qatar, Fairmont, Sofitel, Clarion , Cambria, Canada, Caribbean, America, Chevron

☆ Will the rally in small-cap stocks last? Investors share their take — and their picks
▼ + stars: | 2024-07-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.

Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, —, Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America

☆ Here are the names reporting next week that have historically beaten estimates
▼ + stars: | 2024-07-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Next week marks the second full week of the season, with key names such as Alphabet , Amazon and Tesla set to report. Here's the list: Chipotle is one of the names that made the list. The stock has beaten consensus estimates nearly eight out of 10 times and rallied an average of 1.8% on earnings day. The firm sees Chipotle as being "well positioned" for both traffic momentum and sales outperformance through the rest of the year. As a result, the firm expects Deckers' first-quarter results for fiscal 2025 next week to likely be a "fairly modest raise."

Persons: Goldman Sachs, Morgan Stanley, Dennis Geiger, BofA, Brad Sills, Tom Nikic, Wedbush Organizations: Bank of America, CNBC Pro, UBS, Securities

Hilton Honors used to offer free breakfast for all members with Gold and Diamond elite status. Introduction to Hilton Free BreakfastOne of Hilton's most lauded and customer-friendly policies has been its free breakfast benefit for all members with Hilton Gold or Diamond elite status. Overview of the BenefitThe Hilton breakfast offering has changed over the past couple of years, for better or worse. Below are all the cards that net you either free breakfast or food and beverage credits with Hilton:Participating Hilton BrandsFull-Service vs. Limited Service BrandsMany Hilton hotel brands offer free breakfast to all guests. Yes, the free breakfast benefit is available at many international Hilton properties, but offerings and eligibility may vary.

Persons: Hilton, you've, You'll, Conrad LXR, you'll Organizations: Business, Hilton, Gold, Diamond, Hilton Free, Hilton Gold, Hilton Hilton, American, Honors, Service Brands, Embassy, you'll, Boston Chicago District of Columbia New, Boston Chicago District of Columbia New York City San, Boston Chicago District of Columbia New York City San Francisco Key Largo Key West, Boston Chicago District of Columbia New York City San Francisco Key Largo Key West Los Angeles Hawaii You'll Locations: Bora, Seychelles, Hampton, Tru, Homewood, Boston Chicago District of Columbia New York, Boston Chicago District of Columbia New York City San Francisco, Boston Chicago District of Columbia New York City San Francisco Key Largo Key West Los Angeles, Hilton, Chevron

The information for the following product(s) has been collected independently by Business Insider: Chase Freedom Flex®, American Express® Green Card, Amex EveryDay® Credit Card, Amex EveryDay® Preferred Credit Card, Citi Strata Premier℠ Card, Citi Prestige® Card, Citi® Double Cash Card, Citi Custom Cash℠ Card, Citi Rewards+® Card, Capital One Savor Cash Rewards Credit Card†. Introduction to transferable credit card rewardsAmong people well versed in rewards credit cards, there's a bit of common knowledge: Not all rewards are created equal. Several banks and rewards programs offer transferable points: Chase Ultimate Rewards® and American Express Membership Rewards, Citi ThankYou Rewards, Capital One Miles, Bilt Rewards, and Wells Fargo Autograph Rewards. Choosing the right card for transferable rewardsThe best transferable-point credit card for you depends on what credit card rewards program is most appealing. Transferable credit card rewards frequently asked questionsWhat makes transferable credit card rewards valuable?

Persons: Wells, Chase, Miles, cardholders, that's, Wells Fargo, we've, United Airlines —, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, You'll Organizations: Business, American, Citi Strata Premier, Card, Citi Prestige, Citi, American Express, Delta Air Lines, Bilt, Alaska Airlines —, Mastercard, Miles, Capital, United Airlines, Marriott, Hyatt, Bank, United, Chase Travel, Chase, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Sapphire, Premier, CitiTravel.com, EV Locations: Wells Fargo, Here's, Southwest, Wells, Chicago, Munich, Hulu, Capital, Chevron

The information for the following product(s) has been collected independently by Business Insider: Capital One Venture X Business Card†, Capital One Savor Cash Rewards Credit Card†, Capital One Spark Miles for Business†, Capital One Spark Miles Select for Business†, Capital One Spark Cash Plus†, Capital One Spark Cash Select for Excellent Credit†, Capital One Spark 1% Classic†, Capital One Walmart Rewards® Mastercard®†, Journey Student Rewards from Capital One†. Introduction to the Capital One Travel PortalThe Capital One Travel portal is an online travel platform that allows customers to book flights, hotels, and rental cars. The Capital One Travel portal is a travel booking platform powered by Hopper, an app that helps travelers pick the best times to book and travel at the lowest prices. Capital One Credit Cards That Are Eligible for the Travel PortalYou don't necessarily need a high-priced travel credit card to use the Capital One Travel portal. Capital One Miles Value in the Capital One Travel portalCapital One miles are worth 1 cent each in the Capital One Travel Portal.

Persons: It's, Hopper, You'll, you'll, you've, Viceroy Los, cardholders Organizations: Business, Venture, Business †, Walmart, Capital, Travel, Capital One, Hotels, Resorts, Royal London, Capital One's Locations: Capital, Beach, Viceroy, Barcelona, Maldives

Maybe you've earned a few welcome bonuses, and utilize credit card rewards to the best of your ability. When the holiday season rolls around, check credit card shopping offers for holiday savings. It offers a percentage cash back on purchases at specific retailers:Capital One Shopping offers work more like a cash-back portal. Credit card-linked offers frequently asked questionsWhat are credit card-linked offers? Credit card-linked offers are special deals or rewards linked to your credit card, providing benefits like cashback, discounts, or bonus points when you make purchases with participating merchants.

Persons: you've, Cash, you'll, Amex, Chase, Read Organizations: Discount, Amex, American, Chase, BankAmeriDeals Bank, America's, of America, Apple, Capital, Citi Merchant Offers Citi Merchant, Citi, Products, Citi Merchant Offers, Shell, Delta Air Lines, American Express, Delta Locations: Delta, Chevron

☆ These 10 U.S. states have America’s worst economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +12 min

That is why CNBC looks at state economies in ranking America's Top States for Business. We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Some states are at the top of their economic game — home to America's 10 best state economies. JB Pritzker, and all the major rating agencies have the state in their "A" categories for the first time in years.

Persons: Phil Scott, Jobs, J.B . Pritzker, Erin Hooley, JB Pritzker, Asplundh, Michael G, Janet Mills, Mills, Gina Raimondo, Joe Biden, Anna Moneymaker, Gina Raimondo —, —, Rhode Island's, Luke Sharrett, Ed Zurga, Bryan Tarnowski, Hurricane Katrina, New Hampshire Jada, Patrick T, Fallon, Hawaii's, Nature, Spencer Platt Organizations: CNBC, Business, Republican Gov, Direct Investment, Illinois, Illinois Illinois Gov, Thompson Center, Tribune, Service, Democratic Gov, Major Corporations, GE Healthcare Technologies, Mondelez, Seamans, Portland Press Herald, Getty, National Association of State, Officers, Pew, Major Corporation, IDEXX, Rhode, Semiconductors, America, White, U.S . Commerce, Major, CVS Health, Hasbro, Kentucky, Bloomberg, Bluegrass State, Federal Housing Finance Agency, Kansas Carpenters, Glenn Eagles, Louisiana Homes, Treme, Louisiana State University, Hurricane, Pool Corporation, Granite State, U.S . Chamber, Commerce, New Hampshire Department, Labor, The New Hampshire Tech Alliance, Afp, Aloha State Locations: U.S, States, Vermont, Illinois Illinois, Chicago, Lincoln, Illinois, Maine, Rhode Island WASHINGTON, DC, Washington , DC, Louisville , Kentucky, Bluegrass, Kentucky, Kansas, Kansas City , Kansas, Sunflower, Claiborne, New Orleans , Louisiana, New Orleans, New Hampshire, Granite, The, Hawaii, Maui, Lahaina , Hawaii, Mississippi, Biloxi , Mississippi

The Platinum Card® from American Express offers a ton of value from its welcome bonus and benefits. Introduction to American Express premium benefitsThe Platinum Card® from American Express has one of the highest annual fees of any publicly available consumer card: $695. Activating your Amex Platinum benefitsThe Platinum Card® from American Express Apply now lock icon An icon in the shape of lock. Apply and select your preferred metal Card design: classic Platinum, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Add your Amex Platinum card to your Uber accountThe Amex Platinum Card offers cardholders up to $200 in Uber Cash credits each calendar year.

Persons: Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you've, you'll, It's, doled, it's, You'll, —, cardholders Organizations: American Express, Read, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, TSA, Global, Saks Fifth, Spirit Airlines, Card, Hulu —, Hulu, Paramount, Nickelodeon, Comedy Central, MTV, CBS, Marriott Bonvoy, Gold, & Resorts, Fine Hotels & Resorts, Amex, Rockefeller, Avis, Hertz, Chevron, Saks Fifth Avenue Locations: Hulu

Prime Day TV dealsThis Prime Day, we're seeing some of the biggest price drops of the year on top TV models from our favorite brands. Prime Day laptop dealsLaptops go on sale year-round, but Prime Day is traditionally the best time of year to make a purchase. Prime Day mattress dealsMattresses go on sale several times a year, but few sales offer as lucrative mattress discounts as Prime Day. Prime Day Amazon device dealsDuring Prime Day, many of the best Amazon devices see their lowest prices ever. Prime Day travel dealsSummer travel is underway, and so are the best Prime Day deals on luggage and backpacks.

Persons: We've, AirPods, we've, Siri, Samsung's, They're, you’ll, He's, Jonathan Adler, it's, dehumidifier, Dyson, vacs, Crisp, we're, Fryer, Foodi, Fry, fryer, they're, Bose Smart, Ray Soundbar, Ray, Anker, You'll, iPhones, MagSafe, Kate Spade, scoped, Amazon Nathan James Hugo Wood Nightstand, Nathan James, waddle, Inaba, haircare, ”, Gabrielle Chase, “, haven't Organizations: Business, Apple, Amazon Apple, Apple Health, Amazon, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Dyson, Upright, Toshiba, FlexBrew, Hamilton, LG, Dell, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Logitech, Seagate, ASUS, Meta, Nintendo, Nova, Nova Pro, Lightspeed, Mac, Google, Galaxy, lounging, packers, Amazon Fisher, Prime, today's, Chatelet Air, Amazon Canada, Amazon Philips, Philips, Amazon Prime, Deal Locations: November's, PopSockets, York

☆ From Amazon to Dell, Corporate America's in-office crackdown is in full swing
▼ + stars: | 2024-07-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Amazon wants to stop employees skirting in-office mandates by tracking their hours spent in the office . The big storyPunching the clockGetty Images; Jenny Chang-Rodriguez/BIAt Amazon, coffee is for closers people who spend at least 2 hours in the office. AdvertisementBusiness Insider's Eugene Kim has a report on Amazon monitoring the hours its corporate employees spend in the office . Amazon and its employees have been in an ongoing battle over its return-to-office mandate, which was first announced early last year. AdvertisementFor Amazon employees, the RTO mandates have been shrouded in mystery and confusion.

Persons: —, you've, Jenny Chang, Rodriguez, Eugene Kim, it's, Eugene, they've, Justin Sullivan, Getty, Dell, Polly Thompson, Lizzie Reed, Goldman Sachs, Mark McQueen, Elizabeth Reed, Donald Trump's, Fundstrat's Tom Lee, Russell, Deena So'Oteh, Greg Warnock, Warnock, Elon Musk, Tesla, Stephen Pasterino, Rachel Katzman's, Jennifer Aniston, Johnson, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Denver Airport, Business, Amazon, Foods, Dell, Computer, Workers, Goldman, Walmart, Treasury, Netflix, SpaceX, Lone Star State, Northeast, BI, Olympic, United Airlines, Johnson Locations: it's, Corporate America, Utah, California, Texas, Paris, Seine, New York, London

Learn moreToday is the final day of Amazon Prime Day, so it's time to lock in any Prime Day beauty deals still in your cart before prices go back up after midnight tonight. The scope on prices is wide this year, so here we've curated an affordable array of products to inspire your Prime Day beauty haul. Are Prime Day beauty deals good? A few of our favorite brands hosting some of the best Prime Day beauty deals include Laneige, belif, Sunday Riley, Dyson, and Revlon. Check out our roundup of all of the best Prime Day deals here, or browse Amazon's website for more.

Persons: Sunday Riley, Laneige, Dyson, skincare, Aestura, ”, Gabrielle Chase, “, Elizabeth Arden, Amazon Staff Pick Anastasia Beverly, Anastasia Beverly, haircare, it’s, — doesn’t, We've Organizations: Business, Amazon, Revlon, Amazon Staff, Elizabeth, Amazon St, St, Dyson, Daily Defense, Defense Locations: Tropez, belif

Learn moreFor those after luxury deals during Prime Day, Amazon is actually serving some really good promotions on the most coveted brands. Best Prime Day Luxury DealsAltuzarra Medallion Coin Bag $240.00 $695.00 Save 65% This calf-leather logo-embossed crossbody bag is available in red, white, or black. View at AmazonSenreve Mini Maestra $596.00 $745.00 Save 20% The Mini Maestra is a mini version of our beloved Maestra Bag. View at AmazonBest Prime Day pre-loved luxury dealsWhat luxury brands can you shop on Amazon? Shopping for more great Amazon Prime Day deals?

Persons: Dior, Gucci, Yves Saint Laurent, Louis Vuitton, Barbara Sturm, Oscar de la, Bottega, Celine, Chanel Organizations: Business, Chanel, Best, Candy Arco, HBX Archives, Amazon, Bottega Veneta, Amazon Prime

☆ Streetwear brand Supreme is getting a surprising new owner
▼ + stars: | 2024-07-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Supreme, the trendy streetwear clothier adored by celebrities and cool kids alike, has been sold to an eyewear manufacturer for substantially less than it sold for just four years ago. Italian company EssilorLuxottica announced Wednesday that it’s buying Supreme for $1.5 billion in cash from VF Corp. (VFC), the parent company of Vans and Dickies, which bought the brand for $2.1 billion in 2020. Supreme “perfectly aligns with our innovation and development journey, offering us a direct connection to new audiences, languages and creativity,” EssilorLuxottica said in a statement. The company added that the brand will have its “own space” in its portfolio and marks its first-ever apparel brand acquisition. “Buying a streetwear brand at a time when that aesthetic has gone off the boil is risky, and it is not clear what EssilorLuxottica intends to do to revive Supreme’s fortunes,” Saunders said.

Persons: EssilorLuxottica, ” EssilorLuxottica, Oliver Peoples, Ban, Oakley, Neil Saunders, ” Saunders Organizations: New, New York CNN —, VF Corp, Vans, Chanel, Gabbana, Carlyle Group, Corp, CNN, ” Observers Locations: New York

☆ A marketer quit her job to become a full-time influencer and has made $210,000 this year. She says 2024 is the year of the midsize creator.
▼ + stars: | 2024-07-17 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

Read previewInfluencer marketing has been on a growth tear recently , and midsize creators are one of the biggest beneficiaries, said former marketer Emmy Petit. She has over 100,000 followers on social media but under 1 million, which she categorizes as a midsize creator. Advertisement"Most people I know are seeing year-over-year growth" in brand partnership income, Petit told BI, speaking about other midsize creators. One reason advertising budgets are expanding is the demand for cross-platform sponsored content, Petit said — and it's giving midsize creators like her a chance to cash in. Petit said some midsize creators are also achieving success by speaking directly to the camera, as though they're on FaceTime with their audience.

Persons: —, Petit, she's, Today's, Linqia, influencers, She's Organizations: Service, Business, Petit, YouTube, Brands Locations: TikTok

☆ The 'Gen Z Boss and a mini' trend is taking off on TikTok. A lawyer says it's a lesson in how not to use social media.
▼ + stars: | 2024-07-17 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

AdvertisementOne of those accounts was run by Australian brand Tbh Skincare. But while many considered it simple, lighthearted fun, the skincare company ran into trouble when its video spread farther afield. The Tbh Skincare women didn't take the criticism lying down, posting two more videos. In Australia, where Tbh Skincare is based, mental health is covered by a workplace's insurance. The internet is forever, and young workers should assume anything posted will be visible to future employees, Hart said.

Persons: —, Boss, Andrew Tate, didn't, they'd, Rachael Wilde, Craig Schweighoffer, Roxanne Hart, Hart, There's, it's, Gen Zers, Wilde Organizations: Service, Business, Smart Company, York St Brands, Hart & Co Locations: Australia

Learn moreAmazon Prime Day, which is in its final stretch today, has brought many of our favorite tech, beauty, and home products to all-time-low prices. We check every deal against our tested guides and price tracking to make sure you're getting the best products for the lowest cost, optimizing your Prime Day experience. As more of Business Insider's top-rated products and brands go on sale during Prime Day, we'll continue to update this page with new discounts. If you're looking for a solid Android tablet, this is an excellent option, especially at its lowest price ever for Prime Day. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for more.

Persons: it's, we'll, MagSafe, Max, ”, Gabrielle Chase, “, Herschel, Eero Organizations: Business, Samsung, Amazon, Kindle, Apple, Herschel Supply, Amazon Samsung, Amazon LG, LG, Adidas, Alexa, Amazon Prime

☆ Pernod Ricard is ditching wine brands as the world drinks less
▼ + stars: | 2024-07-17 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Pernod Ricard is selling most of its wine brands, as wine consumption is falling globally, and will instead focus on growing its champagne and premium spirits labels, including in the United States. The deal comes after wine consumption globally hit a 27-year low last year, according to an estimate by the International Organisation of Vine and Wine (OIV), an industry group. “The divestment (by Pernod Ricard) makes sense as the segment has been underperforming for a while now and the global wine market is still challenging,” Sarah Barrett, the executive editor of Wine & Spirits Daily, a US-based trade publication, told CNN. Pernod Ricard is also doubling down on American whiskey. Falling wine consumption globally has collided with severe pressures on wine production, forcing many vineyards in Europe to close their doors.

Persons: London CNN — Pernod Ricard, Jameson, Gin —, Pernod Ricard, St Hugo, Stoneleigh, ” Sarah Barrett, Barrett, ” Richard Black, Jordan Valinsky Organizations: London CNN, Wine Holdco, International Organisation of Vine, Campo Viejo, Consumers, Wine, Daily, CNN, distillers, Wine Estates, North American Distillers Locations: United States, Australia, New Zealand, Spain, Orlando, Brancott Estate, Campo Viejo, Ysios, Tarsus, India, Campo, China, US, Europe, New York

The best Prime Day deals are the ones that let you fill a need in your life while saving a few bucks. Read on for our editor's personal picks from this year's sale, and catch the remaining sales in our main Prime Day deals hub. Amazon Prime Day deals our experts bought themselvesI'm moving from a huge home in Kansas to a tiny apartment in New York City. I used Prime Day as an opportunity to downsize to a smaller model that was recommended by our air fryer expert. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for more.

Persons: you've, Read, fryer, — Lauren Savoie, I've, It's, Samantha Crozier, Gabrielle Chase, Sam, Sally Kaplan, TCL, Brendan Griffiths, Anker, — James Brains, — Sally Kaplan, Dot, — Christopher Meinck, They're, it's, — Jaclyn Turner, Lauren Savoie, I'm, I'd, — John Lynch, They've, Mandolines, NoCry, Les Shu Organizations: Business, Amazon Prime, Sony, Microsoft, Taco Bell, Lenovo, Echo, Commerce, JW, JW PEI, Love Locations: Kansas, New York City, Taco, Crystal City, Hawaii, Brooklyn, Europe

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Costco : While Costco gets nearly 7% of its sales from China, Jim said it's unlikely its business would be threatened by geopolitics given the company's popularity in the country. Constellation Brands : There's no doubt that the Modelo and Corona parent is a less attractive stock under Trump compared with Biden. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, Donald Trump, Abbott's, Reckitt Benckiser, we're, there's, it's, Biden, Dupont, Trump, Walt Disney, Nelson Peltz, Jim said, Estee Lauder, Eaton, Honeywell's, Washington that's, Eli Lilly, Roche, Eli Lilly's, Lilly, Sen, J.D, Vance of, Morgan Stanley, ChatGPT, chipmaker, Laxman Narasimhan, Stanley Black, Decker, rightsizing, Wells, Wynn, he's, Jim Cramer, Brendan McDermid Organizations: Jim Cramer's Charitable Trust, CNBC, Trump, Abbott Laboratories, AMD, Broadcom, VMWare, Costco, Coterra Energy, White, Bloomberg, Federal, Motors, Ford, GE Healthcare, Big Tech, Honeywell, Air Products, Linde, Meta, Microsoft, Investors, OpenAI, Republican, Palo Alto Networks, Palo, Procter & Gamble, Biden, Constellation Brands, Modelo, The, TJX, Wynn Resorts, Club, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: China, Dover, U.S, Washington, Vance of Ohio, Meta, Taiwan, Israel, Gaza, Corona, Wells Fargo, Macau, New York City

☆ It looks like the party's over for luxury goods in China
▼ + stars: | 2024-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewHugo Boss, Burberry, Richemont, and Swatch have all called out slumping sales in China this week as consumers cut back on luxury spending. Swiss watch group Swatch said it expects the Chinese market "to remain challenging for the entire luxury goods industry until the end of the year." But much of this spending has been overseas, and sales in China have fallen for some of the world's biggest luxury brands. AdvertisementBefore the pandemic, about two-thirds of Chinese luxury spending occurred outside mainland China, plummeting to less than 10% in 2021 and 2022 because of travel restrictions, according to data from Bain. The consultancy said that this started to rebound in 2023 with the return of overseas tourism, with an estimated 30% of luxury spending taking place outside mainland China.

Persons: —, Hugo Boss, Burberry, Gerry Murphy, they've, Bain, Luca Solca, Vacheron Constantin, Marc Jacobs, Versace, Richemont Organizations: Service, Swatch, Business, Bain & Company, Richemont, Cartier, Burberry, Financial Times, Bain, Prada, The Financial Times, Luxury Summit Locations: China, Swiss, Americas, Hong Kong, Macau, Japan, South Korean, East

The best Prime Day deals under $25 can satiate that instinct to shop while the getting is good and still pay mind to your budget. Shop all Prime Day deals under $25 here. Top 5 Prime Day deals under $25:More of the best Prime Day deals under $25Staff Pick Vacation Super Spritz SPF 50 Sunscreen Face Mist $18.75 $25.00 Save 25% This makeup-friendly fine mist face spray, which is paraben-free and dermatologist-tested, dries quickly and is water-resistant for up to 80 minutes. In order to shop on Prime Day, you'll need an Amazon Prime membership. Shopping for more great Amazon Prime Day deals?

Persons: there's, La Roche, Kate Spade, We've Organizations: Business, Amazon, Adidas, Coffee, Brewers, New, Amazon Prime Locations: York, influencers, New York City

☆ Armani and Dior probed in Italy following worker exploitation claims
▼ + stars: | 2024-07-17 | by ( Hanna Ziady | Lauren Kent | ) edition.cnn.com time to read: +3 min

London/Rome CNN —Italy’s competition authority is investigating whether Armani and Dior have misled consumers about their production processes, following reports that local companies in their supply chains pay workers too little and force them to work long hours. The firms are being investigated for possible “unlawful” conduct in the marketing and sale of clothes and accessories, in violation of Italy’s Consumer Code, it noted. Many mainstream fashion brands have long faced allegations of exploitative working conditions in their supply chains. The probe comes after Milan prosecutors accused several Chinese-owned firms in Italy, producing luxury goods for Dior and Armani, of systematically abusing their employees, Reuters reported. Armani has denied the allegations levied by the competition authority, but said it would cooperate with the latest investigation.

Persons: Rome CNN —, Armani, Dior, Dior “, “ Organizations: Rome CNN, Armani Group, Dior Group, ”, Dior, Reuters, CNN Locations: Rome, Europe, Milan, Italy

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