Boston Beer (NYSE: SAM) is still dealing with a hard-seltzer hangover. The owner of the Truly franchise said in a recent earnings report that a sharp sales slowdown sparked over $100 million of write-offs connected to excess inventory and cancelled production plans. Investors were bracing for bad news about the Truly brand, which had been accounting for most of Boston Beer's growth in the past year.
Understanding this year's tax changes will help ensure Canadians make the most of their returns.
Zack Snyder has legion of supporters, but just as many harsh critics for Rebel Moon — Part Two: The Scargiver on Netflix.
Fashionable intermittent fasting diets are no better than standard calorie cutting for shedding the pounds, scientists have found.
On April 17, Vanda rejected a takeover proposal from Future Pak and adopted a shareholder rights plan to reduce the likelihood of a hostile takeover. Vanda had said Future Pak, a privately held contract manufacturer and packager of pharmaceutical products, had made an offer of $7.25 to $7.75 per share in cash, which significantly undervalued the company and was not in the shareholders' best interest.
Far-right group Lehava and several individuals accused of violence targeted in dual announcements
Thirty-year mortgage rates have hit above 7% with some experts believing it could hit 8% pretty soon. With US housing pricing and demand remaining high while supply remains low, it seems hopeless for many potential homebuyers. Mortgage Bankers Association Chief Economist Mike Fratantoni joins Wealth! to give insight into the housing market and why home buyers should have a little hope on the horizon as he believes mortgage rates will gradually decline. Fratantoni explains that he feels confident the Federal Reserve will cut interest rates this year, which will trickle down into the rest of the economy: "Mortgage rates, which I'll call it 7.25 [percent], in the most recent data, we think will be down to about 6.5 [percent] by the end of the year. It really is going to be reflecting a gradual slowdown in the strength of the economy and we expect the unemployment rate is going to rise not very much. We know they are calling for a recession but we do think there is going to be enough of a slowdown that the Fed should feel comfortable cutting rates by September of this year." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
NEW YORK (AP) — Potential jurors expressed anxiety Friday about deciding Donald Trump’s hush money case, with one woman breaking down in tears, as lawyers worked to round out the panel that will hear the first-ever trial of a former U.S. president. After a jury of 12 New Yorkers was seated Thursday, lawyers turned their attention to picking alternates who can vow to impartially judge the presumptive Republican presidential nominee. Two more alternates were chosen Friday, with four others still n
Three men who attacked an Iranian journalist outside his London home were mercenaries from eastern Europe hired by Tehran, investigators believe.
Many records were broken in 2023. The World Health Organisation celebrated a landmark year for disease elimination. Advancements in artificial intelligence now empower us to do anything from writing a Beatles-inspired song to identifying individuals at high risk of pancreatic cancer. Meanwhile, Taylor Swift made music history by simultaneously charting 10 albums on the US Billboard 200, and Prince Harry’s memoir, “Spare” secured the title of the fastest-selling non-fiction book ever.
A year after her cancer diagnosis, Sarah DeMelo has a "whole new outlook" on life, she says.
FLORHAM PARK, N.J. (AP) — Zach Wilson remains a member of the New York Jets. For now, at least. General manager Joe Douglas was non-committal on the future of the quarterback, who received permission by the Jets during the offseason to seek a trade after a disappointing three years since being the No. 2 overall pick in the NFL draft. “Zach is an asset and at that same time we’re obviously open to trading Zach,” Douglas said Thursday during his annual predraft news conference. “There have been di
Simon Harris said he hopes to meet with the families on Saturday.
HELENA, Mont. (AP) — BNSF Railway attorneys are expected to argue before jurors Friday that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal Superfund pollution program. Attorneys for the company say the corporate predecessors of the railroad, owned by Warren Buffett’s Berkshire Hathaway conglomerate, didn't know the vermiculite they hauled over decades from a nearby mine
Mexican opposition presidential candidate Xochitl Galvez on Friday said state oil firm Pemex should focus on its exploration arm and could look at new business opportunities, such as geothermal energy. "Pemex should start entering into the (broader) energy sector," Galvez said, speaking at a banking convention in Acapulco on the country's Pacific coast. Separately, Galvez said a scrapped Texcoco airport project could be used to store and process water for the capital, which is facing water shortages, and that a joint customs agency could be set up with the U.S. to tackle gun and drug trafficking.
‘Never host a party and ask for money!!’
EDMONTON — A survey from a clean energy think-tank says Alberta has done little to implement its plan to reduce its greenhouse gas emissions. The Pembina Institute has examined the measures included in the province's plan released one year ago. It says it found no evidence the government has begun the sort of public consultations required to move Alberta's economy towards the goal of net zero emissions. Despite the plan's promise to keep reducing Alberta's methane emissions, the institute points
The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday. Choueiri told Reuters that a weak yen had a net-positive impact on Japan's economic growth, and signaled the IMF's preference for the country to allow exchange rates to move flexibly.
Water board member said the move was needed because “we don’t have a choice.”
Every weekend, Denver7 compiles a list of some fun events you might enjoy. Here are our picks for the 7 best things to do in the Denver metro area and beyond this weekend
COMMENT: Just because you lift weights and take care of your body doesn’t automatically make you a toxic male, writes comedian Robin Morgan. Just look at Joe Wicks and Bukayo Saka...
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