A bartender creates specialty cocktails made with Casamigos at the opening party for Alo Miami on December 16, 2021 in Miami, Florida. Jason Koerner | Getty Images CHICAGO — The spirits industry is overcoming economic headwinds to meet changing consumer preferences as it chips away at the dominance of beer. Spirits revenue market share grew
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Changpeng Zhao, founder and chief executive officer of Binance, waves as he arrives on stage for a panel session on the second day at the Vivatech Conference in Paris, France, on Thursday, June 16, 2022. The conference, also known as VivaTech, runs though to June 18. Photographer: Nathan Laine/Bloomberg via Getty Images Bloomberg | Bloomberg
swissmediavision | E+ | Getty Images For those who hit the road to travel this summer, there is good news: Gas prices are substantially lower than they were last year. “What a difference a year makes,” said Andrew Gross, a spokesperson for AAA, the motoring and leisure travel membership organization. As of Friday, the national
CNBC’s Jim Cramer on Friday said he feels the Federal Reserve needs to be transparent with its plans, especially in the wake of restaurant chain Cava‘s highly successful IPO, which he believes is a sign the market is heating up. Cramer thinks a prosperous IPO market could lead to an influx of money on Wall
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Vice Media Group logo Pavlo Gonchar | Lightrocket | Getty Images When Suroosh Alvi, Gavin McInnes and Shane Smith founded Vice magazine, which later expanded to Vice Media, they built a business based on a punk rock, counterculture image. Smith once had himself recorded, nearly naked and drinking alcohol, giving a tour of the media organization’s
PIMCO headquarters building in Newport Beach, Calif. Scott Mlyn | CNBC The Securities and Exchange Commission said investment adviser Pacific Investment Management Company will pay $9 million to settle two enforcement actions related to disclosure and procedure violations. “We are pleased to resolve these matters relating to issues which occurred in two funds more than
If you want to start a new side hustle or business, you’ll probably need some money to get it off the ground. Don’t seek out an investor, says billionaire entrepreneur Mark Cuban. Instead, make sure your idea can be profitable from Day 1, and use the proceeds to grow your venture. “I was always geared
Simon2579 | E+ | Getty Images Auto insurance premiums have been among the fastest-rising prices for consumers over the past year, according to federal data — a dynamic that might seem at odds with car prices, which are broadly trending lower. So, what’s going on? In short: Auto insurance prices generally track those in the
In this article SPCE Follow your favorite stocksCREATE FREE ACCOUNT Spacecraft VSS Unity fires its engine during the Unity 25 spaceflight, May 25, 2023. Virgin Galactic Virgin Galactic aims to launch its commercial space tourism service in late June. Shares of the company spiked more than 40% in extended trading Thursday. Virgin Galactic on Thursday
Jaidev Janardana, CEO of peer-to-peer lender Zopa. Zopa LONDON — British digital bank Zopa is beefing up its management team with a couple of senior hires, as the company looks to fuel growth and prepare its business for an eventual public listing. The SoftBank-backed company, which offers credit cards, personal loans and savings accounts, told
Singapore’s central business district at dusk. Edward Tian | Moment | Getty Images The Michelin Guide added 17 food stalls and two restaurants in Singapore to its Bib Gourmand list this week. In total, 79 dining establishments in the city-state were named to the list, an increase from 67 last year. The Bib Gourmand category
Pavlo Gonchar | Lightrocket | Getty Images Do you think artificial intelligence is being overhyped? Dan Niles, founder and portfolio manager of the Satori Fund, agrees. Well, sort of. The answer to that question really depends on whether you’re talking about the current moment or the long haul, said Niles during a session for CNBC’s Financial
D3sign | Moment | Getty Images Human psychology and money don’t mix well. Left unchecked, our psyches can easily sabotage financial decision-making, behavioral experts said during a panel discussion at CNBC’s Financial Advisor Summit. “We’re all crazy when it comes to money,” said Brad Klontz, managing principal of YMW Advisors in Boulder, Colorado, and
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Christine McCarthy, Senior Executive Vice President and Chief Financial Officer, The Walt Disney Company, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images Entertainment
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023. Mike Segar | Reuters Employees of
The first class suite on Qantas’ ultra-long-range A350-1000. Courtesy: Qantas Long flights are making a comeback. It is one of the clearest signs yet that airlines are betting that the rebound of international travel, devastated in the Covid pandemic, will continue to grow. On Wednesday, Qantas launched service between New York and Sydney with a
In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Filip Radwanski | Sopa Images | Lightrocket | Getty Images Asset management giant BlackRock took the first steps Thursday to launch a spot bitcoin exchange-traded fund, which has long been a
Ethan Miller | Getty Images News | Getty Images Mortgage rates are likely to remain high despite the Federal Reserve’s pause on interest rate hikes. While that may be good sign for fixed-income funds in California, the pause is a blow to affordable housing in the state, said Fiona Ma, California state treasurer, during the