Boston Beer Company Expands Distribution of Slingers Signature Cocktails
Boston Beer Company is making moves to expand the distribution of its Slingers Signature Cocktails, a line of high-ABV, malt-based, ready-to-drink canned cocktails (RTDs). Since its launch in April 2023 in three markets, the 8% ABV RTDs have gained popularity,…
Americana Restaurants International Plc Restructures and Cuts Jobs Amid Consumer Boycott
Americana Restaurants International Plc, the Middle East operator of KFC and Pizza Hut, has undergone internal restructuring and cut almost 100 jobs in response to a consumer boycott of its brands following the Israel-Hamas war. The company, listed in Abu…
UPS to Cut 12,000 Jobs Following Disappointing Year
Parcel delivery giant UPS has announced plans to cut 12,000 jobs following a ‘difficult and disappointing’ year in 2023. The company cited a softer economy and labor disputes as contributing factors to the decision. UPS Chief Executive Carol Tomé revealed…
Blackstone’s $10 Billion Bet on AI Revolution with QTS Takeover
Blackstone Inc., the world’s largest private equity firm, is making a significant bet on the AI revolution with its $10 billion takeover of data center operator QTS in 2021. The company is fueling rapid growth at one of the top…
Gold Prices Surge in 2023, Reaching Record High
Gold prices experienced a remarkable surge in 2023, soaring 15% in US dollar terms and reaching its highest annual close on record at US$2,078 per ounce. This surge brought significant gains to gold stocks, particularly those listed on the S&P/ASX…
Cleveland-Cliffs Inc. Reports $155 Million Loss in Fourth Quarter
Cleveland-Cliffs Inc. (CLF) has reported a loss of $155 million in its fourth quarter, according to the company’s latest financial statement. The Cleveland-based mining company posted a per-share loss of 31 cents, which, when adjusted for one-time gains and costs,…
Burger King Introduces New Menu Items: Candied Bacon Whopper and Fiery Big Fish
Burger King is set to introduce two new menu items, the Candied Bacon Whopper and the Fiery Big Fish, offering customers more options to satisfy their cravings. The limited-time Candied Bacon Whopper, available from January 29, features the classic flame-grilled…
Super Micro Computer (SMCI) Outperforms Nvidia in Stock Market
Super Micro Computer (SMCI) has been making waves in the stock market, outperforming even the likes of Nvidia, the AI chip superstar. With a staggering 67% increase in 2024 and a total gain of nearly 500% since the end of…
Stock Market Movements and Institutional Investments
The stock market saw some notable movements today, with the S&P 500 closing at 4,900.88, up by 0.20%, and the Dow at 38,115.22, up by 0.02%. Tech giants like Apple (AAPL) and Microsoft (MSFT) experienced slight fluctuations, with AAPL dropping…
Amazon’s planned takeover of iRobot scrapped after EU opposition
Amazon’s planned takeover of iRobot has been scrapped following opposition from EU competition authorities. The companies announced the decision in a joint statement, expressing their disappointment at the lack of a clear regulatory path for the purchase of the Roomba…