Constellation Brands, Inc. (STZ) said it delivered another quarter of strong business performance. Beer Business achieved double-digit net sales growth for the quarter, while Wine and Spirits net sales rose 1%. The solid top-line performance of its Beer and Wine and Spirits Businesses in the first half has given the company confidence to increase their net sales outlook for the […]
Read morevideo Economy went from Fed pivot to Fed ‘pause’: David Kudla Mainstay Capital Management CEO David Kudla weighs in on predictions that November will be the Federal Reserve’s last aggressive rate hike. The World Trade Organization predicted a sharp slowdown in global trade volumes as "multiple shocks" including the Russian war in Ukraine, steeper borrowing costs and higher energy prices […]
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New Zealand central bank raised its key interest rate by 50 basis points for the fifth straight meeting and signaled more tightening going forward. The Monetary Policy Committee of the Reserve Bank of New Zealand on Wednesday decided to lift the Official Cash Rate to 3.50 percent from 3.00 percent. The bank has tightened its monetary policy by 325 basis […]
Read morevideo Believe the opposite of what Biden says on government spending: Steve Forbes Forbes chairman Steve Forbes reacts to the president slamming Republicans for criticizing his ‘big’ spending on ‘Varney & Co.’ Forbes chairman Steve Forbes called out Republicans Monday for spending as big as Democrats, telling "Varney & Co." the American people want to see policies from both parties […]
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As of last year, someone with $1 million in the bank had a shot at a good retirement financially. Inflation was low. Stocks rose most quarters. A million dollars might yield $50,000 a year. Social Security could help boost that. Inflation and the market collapse have ruined this equation. Millions of older Americans need to recalculate the math for their […]
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Personal income in the U.S. increased in line with economist estimates in the month of August, according to a report released by the Commerce Department on Friday. The Commerce Department said personal income rose by 0.3 percent in August, matching the upwardly revised increase in July as well as expectations. The growth in personal income primarily reflected increases in compensation, […]
Read morevideo FOX Business Flash top headlines for September 30 Check out what’s clicking on FoxBusiness.com Several brands of brie and camembert cheeses made by Old Europe Cheese, Inc., were recalled this week due to a listeria outbreak that is potentially linked to the products, according to health officials. Six people between the ages of 56 and 83 have been sickened, […]
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There’s nothing new about pandemics. Over the centuries, they’ve killed millions upon millions. But economic historians are discovering they can also have benefits for those who live to tell the tale. Take the Black Death of the 14th century. In October 1347, ships arrived in Messina, Sicily, carrying Genoese merchants coming from Kaffa in Crimea. They also carried a deadly […]
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We have all our super in a self-managed super fund and are regretting the decision to go down this path. It is all so complicated and our fees with the company that manages it are about to increase substantially. We would like to transition back to more simple super accounts but need help. We appreciate that this transition may take […]
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