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The sun is slamming Earth with solar flares and high-speed eruptions of plasma. Solar flares can have the power of 1 billion hydrogen bombsA solar flare erupts — the bright flash on the bottom right of the sun — on March 28, 2023. NASA’s Solar Dynamics Observatory captured this image of a solar flare – as seen in the bright flash on the upper right – on March 3, 2023. CMEs are common culprits of solar storms on Earth, since they can send a powerful flood of solar particles washing over the planet. Coronal holes open a highway for solar windA video from NASA's Solar Dynamics Observatory shows the massive hole in the sun's atmosphere.
[1/3] Bottles of non-alcoholic beer and dishwasher soap are pictured at Anheuser-Busch InBev brewery in Leuven, Belgium November 25, 2019. The maker of Budweiser, Stella Artois and Corona repeated its 2023 forecast that core profit (EBITDA) would grow in line with its medium term outlook of between 4% and 8%, with revenue to grow ahead of EBITDA. He said AB InBev would invest more in Bud Light over the summer. First-quarter results of AB InBev's rivals Heineken and Carlsberg also showed consumer willingness to absorb higher prices. AB InBev's core profit rose by 13.6% on a like-for-like basis to $4.76 billion, compared with the 5.6% average increase expected in a company-compiled poll.
[1/3] Bottles of non-alcoholic beer and dishwasher soap are pictured at Anheuser-Busch InBev brewery in Leuven, Belgium November 25, 2019. REUTERS/Francois LenoirSummarySummary Companies Q1 core profit up 13.6% vs consensus 5.6%Beer volumes up 0.4%, buoyed by ChinaRetains 2023 forecast of 4-8% core profit riseBRUSSELS, May 4 (Reuters) - Anheuser-Busch InBev (ABI.BR), the world's largest brewer, reported higher than expected first-quarter earnings on Thursday as consumers bought its beers at sharply higher prices. Revenue, however, rose sharply, as the company pushed through price increases and some consumers switched to more expensive beers or package formats. First-quarter results of AB InBev's rivals Heineken and Carlsberg also showed consumer willingness to absorb higher prices. AB InBev's core profit rose by 13.6% on a like-for-like basis to $4.76 billion, compared with the 5.6% average increase expected in a company-compiled poll.
The International Space Station passes the sun in a gorgeous portrait by photographer Andrew McCarthy. Can you spot the space station in this portrait of an increasingly active sun? It erupts high-energy radiation into space, some of which slams into the International Space Station rocketing around Earth. The space station zips across the sun like a fast-moving needle in a haystackMcCarthy's multi-telescope setup to capture his photo of the space station crossing the sun. He used the sunspots as a visual cue, knowing the space station would pass in front of them.
But Ola Kaellenius said decoupling from China, the world's second largest economy, was "unthinkable for almost all of German industry". "The major players in the global economy, Europe, the U.S. and China, are so closely intertwined that decoupling from China makes no sense," he was quoted as saying. German carmakers depend on the Chinese car market, the world's largest, and Mercedes-Benz counts China's Beijing Automotive Group Co Ltd (1958.HK) and Geely Chairman Li Shufu as its two top shareholders. China accounted for 18% of revenues and 37% of car sales at Mercedes-Benz in 2022 and Kaellenius predicted more to come. "Our sales figures in China are increasing and I am quite optimistic that we will also grow this year.
The boy rang the doorbell and returned to the Prius they were riding in, and the group drove off. Three boys, Daniel Hawkins, Jacob Ivascu and Drake Ruiz, were killed, the authorities said. The driver, Sergio Campusano, then 18, and two other boys, Joshua Hawkins, then 13, and Joshua Ivascu, then 14, were injured. He also testified that he had drunk 12 bottles of beer on the night of the crash, the newspaper reported. “The murder of these young men was a horrendous and senseless tragedy for our community,” Mike Hestrin, the Riverside County district attorney, said in an emailed statement.
Charles’ coronation is expected to be shorter than his mother’s seven decades ago. The spot where King Charles will be crowned inside Westminster Abbey Dan Kitwood/Getty ImagesWhat happens during the coronation service? Which crown will King Charles use? How is King Charles making the ceremony more inclusive? Don’t missThe coronation of King Charles III brings pageantry, revelry, and new questions – is the monarchy relevant in the modern world?
When AMD reports earnings next week, we'll be looking for signs that its integration of Xilinx has proven a success. Amazon (AMZN): Investors will be looking closely at profit margins and the growth rate at cloud unit Amazon Web Services when the company reports earnings after the closing bell Thursday. After a disappointing fourth-quarter print, we're hoping to see evidence that CEO Jim Farley has righted the ship. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
This article is part of our Museums special section about how art institutions are reaching out to new artists and attracting new audiences. At the Queens Museum, they’re getting ready for a show. A gaggle of curatorial staffers gathers around an iPad on a worktable. “I’m so excited.”Although Ms. Nisenbaum is an accomplished artist — her works have been exhibited in the Tate Liverpool, and the Minneapolis Institute of Art, among others — this is a show that, at other institutions, might never have happened. Ms. Nisenbaum, a native of Mexico who now lives in New York, is an artist in residence at the Queens Museum.
Import growth outpaced exports in March, due to the hefty cost of coal, crude and oil products, helping bring the annual trade deficit in the world's third-biggest economy to a record 21.7 trillion yen ($161 billion). It exceeded the previous record of 13.7 trillion yen in fiscal 2013. Analysts say Japan's trade deficit will persist for the time being as exports weaken. "Effects of the fully-fledged monetary tightening in the West since last summer will play out in their economies, causing Japan's exports to turn downward going forward." By region, exports to the United States grew 9.4% in the year to March, slowing from the 14.9% seen in the previous month.
[1/5] Apr 11, 2023; Toronto, Ontario, CAN; Toronto Blue Jays third baseman Matt Chapman (26) hits a home run against the Detroit Tigers during the fourth inning at the Rogers Centre. While work continues on both the team and stadium the early reviews are positive, the Blue Jays living up to their explosive reputation with a home opener record five homers that underscores their status as World Series contender. 'Take me out to the ball game' can still be heard at every ball park but vendors shouting out, "peanuts , cracker jacks" not so much. You do not even need to be that interested in baseball, said Blue Jays president Mark Shapiro, adding the ball park can just be a place to go. The Tigers' Nick Maton hit a three-run second inning homer but the Blue Jays hit back in the bottom of the inning, Kirk answering with an RBI double.
Club holding Pioneer Natural Resources (PXD) is the biggest independent oil exploration and production (E & P) play. Club holding Constellation Brands (STZ) reported an excellent quarter last week and gave you an 11% dividend increase. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Constellation Brands (STZ), the maker or Corona beer and other alcoholic drinks, reported mixed quarterly results on Tuesday. Bottom line Despite the top-line miss, we like what we're seeing this current quarter, which includes Cinco de Mayo, a big day for beer sales. Beer operating margin contracted as higher prices were more than offset by higher packaging, raw materials, logistics and other costs. Additionally, operating cash flow is expected to come in between $2.4 billion and $2.6 billion, below the 3.06 billion expected coming into the quarter. Taking out capital expenditures of $1.2 billion to $1.3 billion, the free-cash-flow forecast comes in between $1.2 billion and $1.3 billion, also a bit short versus the $1.4 billion expected coming into the print.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stick with Costco Club holding Costco Wholesale (COST) reported Wednesday after the closing bell that overall same-store sales fell 1.1% last month , the first such drop in roughly three years. 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.
AI is a real problem for Club holding Alphabet (GOOGL), according to Piper Sandler, which lowers price target to $117 per share from $120. Raises price target to $75 per share from $72. Baird raises price target on Okta (OKTA) to $100 per share from $92. Morgan Stanley raises price target on e.l.f. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Constellation Brands is pouring into the streaming business. The company, which owns beer, wine and spirits brands, is forming a partnership with media company Tastemade to create a content studio and produce shows that revolve around Constellation's brands. Discovery and Walt Disney Co.Its partnership with Constellation will take a similar form. "What was exciting about this partnership is we just got kind of unprecedented access to some story hunting within Constellation Brands," said Fitzgibbon. Constellation's leading brands include Corona, Modelo Especial, The Prisoner Wine Company, Kim Crawford, Svedka Vodka and others.
Two huge coronal holes, dozen of times the size of the Earth, have appeared on the sun. These coronal holes can spew solar winds at 1.8 million mph toward our planet, which can cause stunning auroras and disrupt satellites. Coronal holes aren't actually holes in the sunA coronal hole rotates across the face of the sun, streaming solar wind towards Earth, February 1, 2017. Coronal holes happen in the "corona," the atmosphere of the sun, and can only be seen in UV or X-ray light. We could see this month's coronal holes again next monthThe coronal hole came into view as the sun rotated.
The researchers see promise in obtaining water from the glass beads, perhaps through a heating process to release vapor that would then turn into liquid through condensation. "We can simply heat these glass beads to free the water stored in them," said planetary scientist and study co-author Hejiu Hui of Nanjing University in China. The glass beads were found to hold a water content of up to about 2,000 parts per million by weight. Hu said he believes that such impact glass beads are a common part of lunar soils, found globally and spread evenly. The interaction of the solar wind with lunar surface materials could sustain a water cycle on the moon, with the glass beads absorbing the water and acting as a repository for it, the researchers said.
Peter Tuchman, one of the most recognizable stock brokers on Wall Street, has been at the NYSE for over 37 years. Tuchman, who has been at the New York Stock Exchange for nearly 38 years, is the most-photographed broker on the trading floor. Tuchman describes the New York Stock Exchange as "the delta of all information" and the "last standing human entity market in the world." He landed a summer job as a teletypist at the New York Stock Exchange days after getting back. In the midst of the craziness, the wildness, and the chaos of the stock market.
The Northern Lights could appear in the skies over some northern US states on Friday. The lights could be dazzling thanks to solar winds blowing from a giant coronal hole on the sun. NOAA/Space Weather Prediction CenterThese solar winds are coming from a giant coronal hole on the sun. As that giant hole spread across the corona, it blasted strong, high-speed solar winds into space, in the direction of Earth. They have previously driven the aurora lights as far south as New York and Idaho.
AB InBev's sales and earnings declined in China due to a strict zero COVID policy that was suddenly dropped in December. In the United States, AB InBev's largest market, profit and revenue increased, largely because of price increases, although those same increases, along with harsh winter weather in December, cut into beer sales in volume terms. REUTERS/Toby Melville 1 2Brewers have raised beer prices in response to higher energy and raw materials costs, and both Heineken (HEIN.AS) and Carlsberg (CARLb.CO) have warned of reduced beer consumption in Europe because of the increases. For the whole year, core profit growth was 7.2%. AB InBev also increased its full-year dividend to a proposed 0.75 euros from 0.50 euros in each of the past two years.
AB InBev beats profit expectations despite selling less beer
  + stars: | 2023-03-02 | by ( ) www.reuters.com   time to read: +1 min
BRUSSELS, March 2 (Reuters) - Anheuser-Busch InBev (ABI.BR), the world's largest brewer, expanded its profit by slightly more than expected in the fourth-quarter despite selling less beer, notably in North America and Asia. However, it more than compensated for the decline with higher prices. The company's core profit - earnings before interest, tax, depreciation and amortisation - rose 7.6% on a like-for-like basis to $4.95 billion, above the 7.1% gain expected by analysts in a company-compiled poll. The Belgium-based company said that core profit would grow in 2023 in line with its medium-term outlook range of 4% to 8%, with revenue expanding at a higher rate than profit. Reporting by Philip Blenkinsop; Editing by Sudip Kar-Gupta and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
The Beast Unleashed contains 6% alcohol by volume and flavors inspired by its energy drinks. Called The Beast Unleashed, the drinks are made with malt alcohol and contain 6% alcohol by volume, though no caffeine or energy-inducing ingredients. But the Beast beverages are its latest attempt to diversify its business. Beast Unleashed, which the company announced in early 2022, is the company's first alcoholic beverage that uses the Monster brand. The launch marked the first alcoholic beverage that the cola maker sold in the US.
Here's an update on our consumer discretionary and consumer staples stocks in Jim Cramer's Charitable Trust, the 35 holdings that make up the CNBC Investing Club's portfolio. TJX Companies (TJX): TJX is a winner in a slower economy as shoppers love the treasure-hunting experience for cost-saving deals. If their stores have excess inventory, that could serve as a catalyst for TJX stock to go higher. Constellation Brands (STZ): Consumer demand for Constellation's premium alcoholic beverages is strong even as inflation weighs on consumers since people continue to drink beer in an economic slowdown. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Molson Coors has been told to pull an advert that implies rival light beers "taste like water." The NAD recommended that Molson Coors discontinue its 2022 ad promoting Miller Lite that said "light beer shouldn't taste like water. The 15-second spot shows a man cycling up a hill before stopping and pouring an "extremely lite beer" on himself. In 2019 AB InBev was sued by Molson Coors over a Super Bowl ad campaign highlighting the use of corn syrup in the brewing process for Miller Lite and Coors Lite. Molson Coors and AB InBev didn't immediately respond to requests for comment from Insider made outside normal working hours.
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