Jack Daniel’s maker to slash 12% of its workforce as consumers’ alcohol consumption dries up
Brown-Forman, the maker of Jack Daniel's, announced Tuesday that it will cut 12% of its workforce as more consumers cut back on their alcohol consumption. Brown-Forman, the 155-year-old Louisville, Kentucky-based company that also makes Woodford Reserve, Old Forester and other spirits, will close its barrel-making operations by April 25th. The company says its so-called Cooperage […]
Is the Invesco QQQ ETF a Millionaire Maker? – The Motley Fool
of Invesco QQQ (QQQ -0.32%) has been the best performing index-based exchange traded fund (ETF) for many years. ETFs track popular stocks. Nasdaq-100 An index consisting of the top 100 stocks traded on the Nasdaq Stock Exchange. Invesco QQQ is S&P500 It's up more than 400 percentage points since its inception in 1999, but is […]
Trump ‘Quintessential Deal Maker’; No Danger in Exploring a Panama Canal Purchase
Rep. Dusty Johnson (R-South Dakota) said during an appearance on the show that there is no danger in considering purchasing the Panama Canal. Breitbart News Saturdaydiscussing President-elect Donald Trump's thoughts and his status as the “quintessential deal maker.” Johnson recently introduced Regarding the Panama Canal Repurchase Act, Breitbart News Saturday There is no harm in […]
Alcohol maker stocks see declines in wake of Surgeon General cancer advisory
See what's being clicked on FoxBusiness.com. It's been a rocky morning for popular alcohol producers as investors react to the U.S. Surgeon General's recommendations on alcohol and cancer. As of early Friday afternoon, Molson Coors stock had fallen 2.86% from the open. Anheuser-Busch InBev fell about 2.04%. Coors Light is offering fans the chance to […]
Chinese EV Maker BYD Using Imported Slave Labor in Brazil
Brazilian government suspends work visas for Chinese electric car maker BYD after local authorities rescue 163 Chinese nationals who were working in conditions “akin to slavery'' at a BYD factory under construction in Camaçari, Bahia Reuters reported Friday. BYD, a company with deep knowledge tie The Chinese Communist Party is building a factory on land […]
Contractor for electric car maker BYD denies slavery claims
A contractor for Chinese electric vehicle giant BYD on Thursday denied claims that Chinese nationals were working in “slave-like conditions” at the construction site of its factory in Brazil. On Tuesday, a task force led by Brazilian prosecutors said it had rescued 163 Chinese nationals who were working in “slave-like” conditions at a BYD construction […]
Vodka maker Stoli Group USA files for Chapter 11 bankruptcy
See what's being clicked on FoxBusiness.com. Stoli Group USA filed for Chapter 11 bankruptcy protection in court last week. Stoli Group USA, a division within Stoli Group and owned by global beverage company SPI Group, said in a Nov. 27 bankruptcy filing in the U.S. Bankruptcy Court for the Northern District of Texas that the […]
Is the iShares Expanded Tech Sector ETF a Millionaire Maker? – The Motley Fool
In theory, almost any investment has the potential to make you a millionaire, but most investments don't get you there. But technology stocks have a long history of delivering impressive returns. of iShares Extended Tech Sector ETF (IGM -1.05%) At the very least, it has an interesting investment focus that suggests very profitable potential. But […]
Shares of drone maker Unusual Machines surge more than 100% after Donald Trump Jr. joins advisory board
Shares of drone maker Unusual Machines soared more than 100% Wednesday after the company announced that Donald Trump Jr. has joined its advisory board. The stock fell throughout the day, but was up 76% by Wednesday afternoon. The stock closed at $5.36 per share on Tuesday and was trading above $9 per share on Wednesday, […]
Biden administration preliminarily OKs $6.6B loan to EV maker Rivian
The Biden administration previously announced it would provide electric vehicle maker Rivian with a $6.6 billion loan to build a factory in Georgia. The administration said the loan will help Rivian build a facility to produce up to 400,000 “mass-market” electric SUVs and crossovers. Specifically, the company plans to help build Rivian's R2 and R3 […]