Modelo and Corona parent company says weak wine demand could impact earnings
See what's clicking on FoxBusiness.com. Constellation Brands is experiencing weak demand in its wine and spirits segments, which the alcohol producer recently said will hurt its second-quarter results. The company said Tuesday it expects to take a non-cash goodwill impairment charge of between $1.5 billion and $2.5 billion on its wine and spirits division in […]
Constellation Brands slashes outlook on weak wine demand
Liquor giant Constellation Brands warned on Tuesday that it may be forced to write down the value of its assets by as much as $2.5 billion this year due to sluggish demand for wine as consumers cut back on non-essential purchases amid high inflation. The Rochester, New York-based company, which owns brands such as Corona, […]
NBC News issues weak correction after anchor falsely claims Harris was at dignified transfer
NBC News' “Meet the Press” posted a correction about X after host Kristen Welker falsely claimed that Vice President Kamala Harris was present at a dignified transfer ceremony for 13 service members killed in the Abbey Gate bombing during the fall of Afghanistan. The mistake came after Welker asked Sen. Tom Cotton (R-Arkansas) whether it […]
‘Queen Kamala’ Came Across as Weak, Insecure, Afraid
Appearing on FNC's “Jesse Watters Primetime” on Friday, former Rep. Tulsi Gabbard (D-Hawaii), a member of the Trump transition team, responded to CNN's joint interview with Democratic presidential nominee Vice President Kamala Harris and Democratic vice presidential nominee Gov. Tim Walz (D-Minn.). Gabbard told stand-in host Pete Hegseth that Harris “came across as weak and […]
Most Voters See Donald Trump as Strong Leader, Kamala Harris as Weak Leader
Surveys show that most voters see former President Donald Trump as a strong leader and Vice President Kamala Harris as a weak leader. economist/YouGov Poll. In opinion polls, Published A survey of 1,549 U.S. adults, including those who answered 1,363-1,365 voters, asking them on Wednesday about their views of the leadership abilities of the candidates […]
Jobless claims drop after weak jobs report triggered concerns
Initial claims for jobless benefits fell by 17,000 last week, a small but positive sign for overall employment levels amid resurfacing fears of a U.S. economic recession. The Labor Department said Thursday that jobless claims for the week ending Aug. 3 fell to 233,000 from 250,000 the previous week. The four-week moving average increased by […]
Lyft plunges nearly 20% after weak forecast sparks fears its losing race with Uber
Lyft shares plunged 17% on Wednesday after the company gave a weak outlook for the key summer quarter, sparking concerns that it is being edged out by rival Uber. Uber and Lyft, which reported strong results on Tuesday, are locked in a fierce battle for market share in the North American ride-hailing sector. Uber, which […]
Airbnb warns of weak demand, says travelers waiting until last minute to book
Airbnb on Tuesday forecast weaker-than-expected third-quarter revenue and warned of a shorter booking window, suggesting economic uncertainty is causing travelers to wait until the last minute to book, sending its shares down 15% after the close. Domestic travel in the U.S. has been under pressure since the start of the year as concerns about the […]
Stocks plunge as weak jobs report, tech woes rattle Wall Street
Stocks fell sharply on Monday morning as growing concerns about the strength of the U.S. economy and the outlook for microchip production spooked Wall Street. The Dow Jones Industrial Average plunged 2.8% after trading on Monday, opening 1,100 points lower. Dow futures were down more than 1,200 points before the market opened on Monday. The […]
Stocks sell off on recession fears after weak jobs report
U.S. stocks fell sharply on Friday after a weaker-than-expected jobs report stoked concerns the economy could be slowing more quickly than analysts had expected. The Dow Jones Industrial Average, a benchmark index of 30 major U.S. companies, fell more than 900 points in morning trading on Friday and closed down 750 points, or 1.9 percent, […]