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☆ Constellation Brands beats on earnings as Modelo-fueled beer momentum continues
▼ + stars: | 2023-10-05 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Constellation Brands on Thursday reported earnings and revenue that topped analysts' expectations for its fiscal second quarter of 2024. The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra brands, reported double-digit sales growth in its beer business as the division continues to dominate the overall beer and high-end categories. The Modelo brand family was a particular bright spot: Modelo Especial grew nearly 9%, while Modelo Chelada brands posted growth of more than 40%. The company's wine and spirits brands, however, underperformed year over year. In its previous quarter, beer sales rose 11% year over year driven by stable consumer demand and higher pricing.

Persons: Constellation's Meiomi, Kim Crawford, Campo, Bill Newlands Organizations: Constellation Brands, Modelo Especial, Corona, Constellation, LSEG, Modelo, Business Locations: Mexican, U.S

☆ Corona beer maker Constellation Brands bets on higher pricing to lift profit view
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Bottles of the beer, Corona, a brand of Constellation Brands Inc., sit on a supermarket shelf in Los Angeles, California April 1, 2015. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsOct 5 (Reuters) - Constellation Brands (STZ.N) raised its annual profit target on Thursday after higher prices and strong demand for its beers and spirits drove a sales and profit beat in the second quarter. Alcohol producers such as Constellation and peer Brown-Forman (BFb.N) have benefited from increasing prices, helping offset steeper raw material costs. Constellation also raised the annual sales forecast for its beer business. Constellation now expects fiscal 2024 comparable earnings per share between $12.00 and $12.20, as against its previous forecast of profit between $11.70 and $12.00 per share.

Persons: Lucy Nicholson, Brown, Forman, Kim Crawford, Busch, Bud Light, Bump Williams, Garrett Nelson, Juveria Tabassum, Pooja Desai Organizations: Constellation Brands Inc, REUTERS, Constellation Brands, Constellation, Modelo Especial, Corona, Modelo, Anheuser, LSEG, Thomson Locations: Corona, Los Angeles , California, U.S, Rochester , New York

☆ Constellation Brands CEO touts beer performance post earnings
▼ + stars: | 2023-10-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Thursday interview with CNBC's Jim Cramer, Constellation Brands CEO Bill Newlands highlighted the past quarter's success in its beer brands and said the company has been shifting its focus from mainstream to higher-end brands. Constellation reported earnings Thursday, with its beer portfolio seeing double-digit sales growth. Newlands chalked up some of this underperformance to the mainstream brands in its spirits and wine business. Additionally, Constellation's earnings report showed that and its higher-end wine and liquor brands — like Meiomi and Kim Crawford wine brands — outperformed the rest of the group. "Today it's one-third, and even though that area continues to drag on the overall business, the top end of our wine business is doing quite well and taking share."

Persons: CNBC's Jim Cramer, Bill Newlands, Newlands, Kim Crawford Organizations: Constellation Brands, Pacifico, Corona, Constellation, — Locations: Newlands

☆ What to expect when beer king Constellation Brands reports earnings Thursday morning
▼ + stars: | 2023-10-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Lots of Wall Street firms are getting out ahead of this week's earnings from Constellation Brands (STZ) with price target increases. At the time, we were optimistic and increased our price target on the Modelo and Corona maker to $270 per share from $260. When measuring beer growth, he assesses how much shelf space companies get every year and how quickly those products fly off the shelves. All these factors "drive solid beer growth even as the macro environment gets worse," Falorni said. Wedbush also thinks Constellation will be able to weather those macro consumer storms and continue to drive earnings and revenue growth.

Persons: It's, we'll, We'd, Filippo Falorni, there's, Falorni, Wedbush, Wells, Goldman Sachs, Jim Cramer, Bill Newlands, Elliott, Luca Zaramella, Bill Giles, Sands, Jim, Elliot, Jim Cramer's Organizations: Constellation Brands, Modelo, Revenue, Federal Reserve, Constellation, Citi, CNBC, JPMorgan, Modelo Especial, Elliott Management, Club, Mondelez, AutoZone, Getty Locations: Corona, Wells Fargo, U.S, Simi, STZ

☆ A ‘ring of fire’ solar eclipse is coming soon. Here’s what you should know
▼ + stars: | 2023-10-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

The annular solar eclipse will begin in the United States at 9:13 a.m. PT (12:13 p.m. When the moon crosses between Earth and the sun during an annular solar eclipse, a signature "ring of fire" of sunlight is still visible. To view the annular eclipse, wear certified eclipse glasses or use a handheld solar viewer. Eclipse glasses are necessary to safely view the entirety of an annular solar eclipse. The next eclipseA total solar eclipse will be visible in parts of Mexico, Canada and more than 10 US states on April 8, 2024.

Persons: ”, Peg Luce, Kelly Korreck, “, ” Korreck, “ It’s, Alex Lockwood, you’re, Prince Edward Island, Aroh Barjatya, ” Barjatya Organizations: CNN, Division, NASA, Science, Embry, Riddle Aeronautical University, Amateur Locations: North, Central, South America, United States, Oregon, Texas, Gulf, Oregon , Nevada , Utah, New Mexico, California , Idaho , Colorado, Arizona, Mexico, Belize, Honduras, Panama, Colombia, Natal, Brazil, Alaska, Albuquerque , New Mexico, Kirbyville , Texas, White Sands , New Mexico, Canada, Ocean, North America, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Maine, Ontario, Quebec , New Brunswick, Prince, Nova Scotia, Newfoundland, Florida

☆ Here are the 12 stocks Jim Cramer is watching, including a dire consumer forecast
▼ + stars: | 2023-09-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

But keeps buy rating ahead of the video streamer's quarterly earnings out next month. Online advertising tech company Trade Desk (TTD) started with a buy rating and a $100-per-share price target at UBS. Bank of America cuts price target on Advance Auto Parts (AAP) to $60 per share from $75. Paychex (PAYX) gets multiple price target increases at TD Cowen (keeps buy rating), Morgan Stanley (keep hold rating), and Bank of America (keeps sell rating). Barclays cuts price target on United Parcel Service (UPS) to $175 per share from $180.

Persons: Matt Boss, Banks, Morgan Stanley, Jim Cramer's, Carl Eschenbach, Aneel, TD Cowen, Cowen, Price Organizations: JPMorgan, Netflix, Trade, UBS, BMO Capital, Bank of America, Parts, Diageo, DEO, CNBC, Club, Corona, Modelo, Constellation Brands, Walgreens, Alliance, Barclays, United Parcel Service Locations: Fargo

☆ The way I'm thinking about stocks makes them winners no matter what the Fed or bonds do
▼ + stars: | 2023-09-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

After the September meeting pause last week, the target range for the fed funds rate remained at 5.25% to 5.50%. First, I don't know a soul besides me who agrees with that 20-year versus fed funds rate yield prognosis. They think the fed funds rate will come down or the 20-year yield is already extended. Second, I don't know anyone else who believes the economy is so strong that the Fed is correct to keep on an anti-inflation course. I don't think so.

Persons: We've, Jerome Powell, Powell, It's, —, that's, — let's, it's, Bob Iger, Charlie Scharf, there's, Einstein, Salesforce, Elliott, Bill Newlands, Constellation, William Giles, Giles, Bud, Tom Jorden, Coterra, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Federal Reserve, Fed, Treasury, Apple, Club, Disney, Hulu, CNBC, Comcast, DIS, ABC, ESPN, Nexstar Media, YouTube, Apple's, Wells, Constellation Brands, Constellation, Elliott Management, Autozone, San, Coterra Energy, & Gas, Ford, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, New Jersey, Gary's, Madison —, Wells Fargo, Wells, What's, slowdowns, Texas, San Miguel, Brooklyn , New York, AMZN, CTRA

☆ Our takes on new Wall Street research analyzing 4 Club consumer stocks
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

There was lots of consumer stock research from Wall Street on Friday, including reports on Club names Costco (COST), Procter & Gamble (PG), beer maker Constellation Brands (STZ) and off-price retailer TJX Companies (TJX). HSBC also said Costco's premium stock multiple is worth it given management's strong execution, sustainable competitive advantages, and growth outlook. The analysts said that P & G has built "one of the strongest set of capabilities in the consumer staples sector." You will not see us trade Costco. TJX YTD mountain TJX Companies YTD In a note Friday, UBS sees department stores still losing share to off-price retailers in both sales and earnings before interest and taxes (EBIT) dollars over the next 10 years and beyond.

Persons: We're, Goldman Sachs, Goldman, Bill Newlands, Jim, TJX, It's, Jim Cramer's, Jim Cramer Organizations: Wall, Costco, Procter, Gamble, Constellation Brands, TJX Companies, HSBC, Coresight Research, Gamble YTD HSBC, Constellation, Modelo, Corona, Constellatio Brands, Elliott Management, UBS, Marshalls, Burlington, Ross Stores, CNBC, Corbis, Getty, & & $ Locations: U.S, Mexican, Maxx, Teterboro , New Jersey

☆ Lizzo preaches self-love and acceptance. But backstage, her team was mocked and bullied, designer says in a new lawsuit.
▼ + stars: | 2023-09-21 | by ( Diana Dasrath | Tim Stelloh | ) www.cnbc.com time to read: +6 min

Daniels was fired after she complained about Nomura, according to the suit. Nomura told Daniels never to interact with Lizzo or to dress attractively in front of her because it may make Lizzo jealous, the suit said. Alleged slurs, threats and offensive impressionsNomura allegedly mocked Lizzo and her dancers with what the lawsuit described as a "stereotypical sassy Black woman imitation." After Daniels complained to Gugliotta, Lizzo's tour manager, she allegedly asked Daniels to surreptitiously record Nomura, according to the suit. Daniels declined, believing it would be unethical and possibly illegal, and continued to work for Lizzo, according to the suit.

Persons: Lizzo, Asha Daniels, Daniels, Amanda Nomura, Nomura, Ron Zambrano, Zambrano, it's, Melissa Viviane Jefferson, Carlina Gugliotta, Gugliotta, Quincy, she's Organizations: Ball, NBC, Superior Court, Big, Touring Inc, NBC News, Black, Lizzo Locations: Flushing Meadows Corona Park, New York City, Taylor, Los Angeles

☆ The risks to alcohol and food stocks from Ozempic-like weight loss drugs
▼ + stars: | 2023-09-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

The rise of new anti-obesity medications could result in less alcohol consumption, impacting Club name Constellation Brands (STZ). The risk already seems to be playing out in food stocks with exposure to snacks and junk food. We don't think Constellation Brands stock will suffer the same fate as shares of leading snack food companies like J.M. Key points The increasing popularity of new diabetes/weight loss drugs could curtail consumer appetite for junk food and alcohol. Constellation Brands (STZ), the Club name behind the Mexican beers Corona and Modelo, should be able to weather any such headwind.

Persons: Eli Lilly, it's, Mills, Lilly, Jim Cramer, Mounjaro, Morgan, Morgan Stanley, AOMs, Jefferies, Jim Cramer's, Jim, Gabby Jones Organizations: Constellation Brands, Corona, Modelo, Pacifico, Nordisk, Ozempic, Club, Novo Nordisk, Brands, Conagra Brands, Constellation, Bud Light, Jefferies, JPMorgan, CNBC, Bloomberg, Getty Locations: U.S, Oro, Brooklyn Borough, New York

☆ Here's our usual approach to buying and selling stocks on Fed decision days
▼ + stars: | 2023-09-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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. 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.

Persons: Jim Cramer, Jerome Powell's, Morgan Stanley, Jim, Jim Cramer's Organizations: CNBC, Dow Jones, Treasury, Amazon, JPMorgan, Constellation Brands, Corona, Modelo Locations: U.S

Forecasting solar storms is especially difficult right now, even as the sun is getting more active. CMEs fling charged, super-hot plasma into space, and sometimes — like in the case of this CME — that plasma strikes Earth. On the bright side, these solar storms also make stunning displays of the Northern Lights, or aurora borealis, visible in the middle of the US. On a different day, all of these effects combined could have created a very violent solar storm. In the worst-case scenario, which is very rare, all the conditions align to send a very fast and very powerful solar storm to Earth.

Persons: oozing, Keith Strong, Lockheed Martin, Dean Pesnell, Rune Stoltz Bertinussen, Matt Owens, Bryan Brasher, Daniel Verscharen, Owens Organizations: Service, Lockheed, NASA, Dynamics, Prediction, National Oceanic, Atmospheric Administration, Reuters, CME, University of Reading, University College London, NASA Solar Dynamics Locations: Wall, Silicon, Tromso, Norway, Montana , Missouri, Virginia

☆ A giant eruption from the sun could bring the Northern Lights as far south as New York, Chicago, and Portland overnight Monday and early Tuesday
▼ + stars: | 2023-09-18 | by ( Morgan Mcfall-Johnsen | Sonam Sheth | ) www.businessinsider.com time to read: +4 min

The reason for this brilliant display is the sun, which shot a giant eruption of charged particles toward Earth on Sunday. The colorful Northern Lights, or aurora borealis, appear when electrically charged particles from the sun interact with molecules in Earth's atmosphere. Northern Lights may appear unusually far southTypically these dazzling green, red, pink, and purple lights only appear around the Arctic Circle, or around the South Pole (there it's called the aurora australis). That's because our planet's magnetic field lines channel the steady stream of particles, called the "solar wind," to the poles. AdvertisementAdvertisementWhere the aurora might appear tonightThe below map of the Space Weather Prediction Center's aurora forecast shows where late-night or early-morning sky watchers might be lucky enough to see the Northern Lights.

Persons: Dean Pesnell, Keith Strong, Lockheed Martin, Mike Hapgood, there's Organizations: Service, NASA, Dynamics, Lockheed, NOAA, Prediction Center, Rutherford Appleton Laboratory, Administration Locations: Wall, Silicon, New York , Illinois, Oregon

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ The Nets Are Up in Flushing Meadows. But Not for the Sport You Think.
▼ + stars: | 2023-09-06 | by ( David Waldstein | Gabriela Bhaskar | ) www.nytimes.com time to read: +1 min

The sport has been especially important for the community after the early weeks of the Covid-19 pandemic in 2020 ravaged Corona, Elmhurst and other parts of Queens. Many were friends of Teresa Benitez and her family, longtime ecuavoley participants from Corona. “We lost maybe 200 people we knew from here, people who came here to play volleyball with us,” said Benitez, a retail worker. “It’s only a couple of weeks,” Benitez said. Back then, people played their special brand of volleyball close to the Willets Point-Shea Stadium subway station on the No.

Persons: Teresa Benitez, ”, Benitez, “, ” Benitez, Blanca Organizations: Corona, U.S, Shea Locations: Corona, Elmhurst, Queens, “, New York, Cuenca, Back

ESA & NASA/Solar Orbiter/EUI team/Handout via REUTERS File Photo Acquire Licensing RightsBENGALURU, Sept 2 (Reuters) - Following quickly on the success of India's moon landing, the country's space agency launched a rocket on Saturday to study the sun in its first solar mission. The rocket left a trail of smoke and fire as scientists clapped, a live broadcast on the Indian Space Research Organisation's (ISRO) website showed. While Russia had a more powerful rocket, India's Chandrayaan-3 out-endured the Luna-25 to execute a textbook landing. Prime Minister Modi is pushing for India's space missions to play a larger role on a world stage dominated by the United States and China. Satellites in low earth orbit are the main focus of global private players, which makes the Aditya-L1 mission a very important project," he said.

Persons: clapped, Luna, Modi, Sankar Subramanian, Somak Raychaudhury, Rama Rao Nidamanuri, Nivedita, Jayshree, William Mallard Organizations: Solar Orbiter, ESA, NASA, Solar, Rights, Indian Space Research, Elon, SpaceX, Indian Institute of Space Science, Technology, ISRO, Thomson Locations: India, Russia, United States, China, Bengaluru

☆ Katie Couric, Anna Wintour and Danny DeVito Party Before the U.S. Open
▼ + stars: | 2023-08-29 | by ( Alyson Krueger | ) www.nytimes.com time to read: +1 min

They walked a blue carpet, the same color as the famous courts. Gabriela Hearst, the fashion designer, showed up with Maria Sharapova, the tennis player. Other guests included Mike Tyson, Alec Baldwin, Gayle King, Danny DeVito, Anna Wintour, Vera Wang and Daymond John. “The end of summer always makes me a little blue,” said Katie Couric, who was the M.C. “By the end of August I always feel depressed, but coming to the U.S. Open gives me something to look forward to.”

Persons: Arthur, Gabriela Hearst, Maria Sharapova, Tommy Haas, Lindsey Vonn, Mike Tyson, Alec Baldwin, Gayle King, Danny DeVito, Anna Wintour, Vera Wang, Daymond John, David, Cheryl Scharf, ”, Katie Couric Organizations: U.S ., United States Tennis Association Foundation, U.S Locations: Flushing Meadows Corona Park, Queens, Cheryl Scharf , New York City

☆ Images from the Solar Orbiter spacecraft reveal tiny flares shooting from a 'hole' in the sun. They could explain how the sun blasts Earth with charged particles.
▼ + stars: | 2023-08-26 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementPicoflares could be the source of the solar wind that's blasting EarthAn animation of the solar wind shows particles streaming from the sun towards Earth. That stream, called the "solar wind," gets supercharged when coronal holes or big solar flares are pointed at our planet. Seeing the sun up close, at smaller scales, could reveal its secretsImages from the Solar Orbiter are the closest ever taken of the sun. "Jets, in general, have previously been observed in the solar corona," Chitta, who led the Solar Orbiter study and a team at Max Planck Institute for Solar System Research, told Space.com. NASA/SDONASA and the ESA launched Solar Orbiter in 2020, with a goal of studying these winds at their source.

Persons: Lakshmi Pradeep Chitta, NASA's Parker, Chitta, Space.com, it's, Andrei Zhukov Organizations: Service, Orbiter, Solar Orbiter, NASA Solar Dynamics, NASA, Lights, EUI Team, ESA, CSL, MPS, UCL, Probe, Jets, Solar, Max Planck Institute, Solar System Research, European Space Agency, Royal Observatory of Locations: Wall, Silicon, Royal Observatory of Belgium, Brussels

☆ The U.S. Open Is King of New York. Could It Do More for Queens?
▼ + stars: | 2023-08-26 | by ( David Waldstein | Gabriela Bhaskar | ) www.nytimes.com time to read: +1 min

More than 888,000 spectators attended the U.S. Open last year, and at least that many are expected this year at an event that is in some ways an annual contrast of culture and class. Many fans will drive there on the crowded parkways and highways adjacent to the stadium. Some will ride the commuter rails from Manhattan, Long Island and New Jersey, and others will squeeze onto the No. “We never lose sight of the fact that we are in a public park,” said Daniel Zausner, the National Tennis Center’s chief operating officer. “We want to be a bigger player in the community, always.”

Persons: “, ”, Daniel Zausner Organizations: U.S, Grand Central, Tennis Center’s Locations: Manhattan, Long, and New Jersey, Corona, Flushing, Jackson

☆ Explainer: What is India's next space mission after moon landing?
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amit Dave Acquire Licensing RightsBENGALURU, Aug 25 (Reuters) - On the heels of the success of the Chandrayaan-3 moon landing, India's space agency has set a date for its next mission - this time to study the sun. It aims to study solar winds, which can cause disturbance on earth and are commonly seen as "auroras". In 2019, the government sanctioned the equivalent of about $46 million for the Aditya-L1 mission. The Indian space agency has earned a reputation for world-beating cost competitiveness in space engineering that executives and planners expect will boost its now-privatised space industry. The Chandrayaan-3 mission, which landed a spacecraft on the lunar south pole, had a budget of about $75 million.

Persons: Amit Dave, Joseph, Louis Lagrange, Nivedita, Giles Elgood Organizations: REUTERS, Rights, Indian Space Research Organisation, European Space Agency, NASA, Orbiter, ISRO, Thomson Locations: Gujarat Science City, Ahmedabad, India, Sriharikota, French, Bengaluru

☆ Inside the Most Expensive ZIP Code in America
▼ + stars: | 2023-08-24 | by ( Jessica Flint | Photography Julie Goldstone For The Wall Street Journal | ) www.wsj.com time to read: 1 min

The small coastal enclave of Newport Coast, Calif., and its 92657 ZIP Code, located in Newport Beach in Orange County, had the priciest median residential listing price in the U.S. in July 2023, according to data from Realtor.com. ( News Corp , owner of The Wall Street Journal, also operates Realtor.com.) Situated between the Newport Beach community of Corona del Mar and the city of Laguna Beach, Newport Coast is roughly 3 miles wide and long, stretching from the Pacific Ocean northwest up into the hillside. With ample designated open space, Newport Coast has approximately 2,500 homes clustered into several neighborhoods with low to medium density. Many properties are large estates designed with Mediterranean influences and have sweeping views that can stretch from the ocean all the way inland to downtown Los Angeles.

Organizations: News Corp, Street, Corona del Mar Locations: Newport Coast , Calif, Newport Beach, Orange County, U.S, Realtor.com, Corona del, Laguna Beach, Newport Coast, Los Angeles

☆ Solar Orbiter observes jets of material escaping the sun
▼ + stars: | 2023-08-24 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —The Solar Orbiter mission has discovered jets of material rapidly releasing from the sun’s outer atmosphere. An artist's concept shows the Solar Orbiter spacecraft circling the sun. The advanced instruments aboard Solar Orbiter, as well as NASA’s Parker Solar Probe, are helping to unlock the biggest mysteries that remain about the sun. The sun’s magnetic field is so massive that it stretches beyond Pluto, providing a pathway for solar wind to travel directly across the solar system. Solar Orbiter works in tandem with Parker Solar Probe, which is orbiting the sun on a seven-year mission after launching in August 2018.

Persons: “, ”, Lakshmi Pradeep Chitta, Max Planck, NASA’s Parker, Andrei Zhukov, ESA’s Daniel Müller, Parker Organizations: CNN, Orbiter, NASA, European Space Agency, Solar, ESA, Max, Max Planck Institute, Solar System Research, Probe, Space, Royal Observatory of, Solar Orbiter, Parker Locations: Germany, Royal Observatory of Belgium

☆ Sun-observing spacecraft sheds light on the solar wind's origin
▼ + stars: | 2023-08-24 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

The sun as seen by the Solar Orbiter spacecraft in extreme ultraviolet light in this mosaic of 25 individual images taken on March 7, 2023, by the high resolution telescope of the Extreme Ultraviolet Imager (EUI) instrument. New observations by the Solar Orbiter spacecraft may provide an answer. "Unlike the wind on Earth that circulates the globe, solar wind is ejected outward into interplanetary space," Chitta said. "Earth and the other planets in the solar system whiz through the solar wind as they orbit around the sun. "This finding is important as it sheds more light on the physical mechanism of the solar wind generation," said solar physicist and study co-author Andrei Zhukov of the Royal Observatory of Belgium.

Persons: Lakshmi Pradeep Chitta, Max Planck, Chitta, Andrei Zhukov, Eugene Parker, Zhukov, Will Dunham, Rosalba O'Brien Organizations: Solar Orbiter, Solar, Max Planck Institute, Solar System Research, European Space Agency, NASA, Orbiter, Royal Observatory of, Thomson Locations: WASHINGTON, Germany, U.S, Royal Observatory of Belgium, American

☆ Modelo is now beating Bud Light for the entire year
▼ + stars: | 2023-08-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Modelo Especial is now officially America’s best-selling beer, dethroning Bud Light from the top spot it has largely held for the past two decades. Year-to-date sales data through August 12 shows it was tight, but Modelo eked out the top spot with an 8.34 share vs. 8.28 for Bud Light. Summer has been a bright spot for the Mexican lager, with Modelo surpassing Bud Light in May, June and July monthly sales. Modelo has held a 9.1 share for the past four weeks as Bud Light slipped to a 7 share of off-premise beer sales. There’s been some “material improvement,” for the Anheuser-Busch (BUD) brand Bud Light, according to Beer Business Daily, a trade publication.

Persons: Bud Light, Bud Light’s, There’s, BUD, Bud, Dylan, ” BBD, Greg Gallagher, ”, ” Gallagher, influencer, Busch Organizations: New, New York CNN — Modelo, Modelo, Bud, Anheuser, Busch, Beer Business, Constellation Brands, Corona, Constellation, CNN, Molson Coors, TAP, Miller Lite, Coors, Light, Modelo Especial, Revenue Locations: New York, North America, Canada, United States

☆ Scientists race to understand highly mutated coronavirus variant spotted in four countries, including the US
▼ + stars: | 2023-08-18 | by ( Brenda Goodman | ) edition.cnn.com time to read: +4 min

CNN —A highly mutated new variant of the virus that causes Covid-19 has countries on alert as scientists scramble to understand how far it has spread and how well our immunity will defend against it. The World Health Organization designated BA.2.86 a “variant under monitoring” on Thursday, a designation that encourages countries to track and report the sequences they find. SSI scientists stressed that it’s still too early to say anything about the severity or contagiousness of the new variant. Get CNN Health's weekly newsletter Sign up here to get The Results Are In with Dr. Sanjay Gupta every Tuesday from the CNN Health team. The XBB descendant EG.5 is currently the dominant variant in the US, causing an estimated 20% of all new Covid-19 cases in this country.

Persons: Jesse Bloom, ” Bloom, ”, Morten Rasmussen, Mandy Cohen, we’ve, “, ” Cohen, Dr, Sanjay Gupta Organizations: CNN, Omicron, Fred Hutchinson Cancer Center, World Health Organization, EG, WHO, Statens Serum Institut, US Centers for Disease Control, UK’s Health Security Agency, CNN Health, University of Michigan, White House Locations: Seattle, Israel, Denmark, United States, United Kingdom

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