Constellation Brands’ Modelo Especial was the top-selling beer brand in the United States for a second straight month in June after taking Bud Light’s top spot in May, according to sales data. Sales of Anheuser-Busch’s Bud Light and Budweiser dropped 28 percent and 11.7 percent, respectively, for the four weeks ended July 1 from a…
Bud Light Loses Top Spot as Most-Sold US Beer for a Second Consecutive Month
Bud Light Fails to Regain Top Spot as Most-Sold US Beer in June
Constellation Brands’ Modelo Especial was the top-selling beer brand in the United States for a second straight month in June after taking Bud Light’s top spot in May, according to sales data. Sales of Anheuser-Busch’s Bud Light and Budweiser dropped 28 percent and 11.7 percent, respectively, for the four weeks ended July 1 from a…
Auto Union Says Workers Aren’t Seeing Higher Wages Despite EV Government Benefits
The United Auto Workers (UAW) union has expressed concern that U.S. government subsidies that have been steered to major automakers for producing electric vehicles haven’t improved workers’ wages. “The Big Three automakers—Ford, General Motors, and Stellantis—are taking billions of dollars in government subsidies to go electric, but those benefits aren’t trickling down to UAW members,” UAW…
Auto Union Says Workers Are Not Seeing Wage Increase Despite EV Government Benefits
The United Auto Workers (UAW) union has expressed concerns that government benefits given to major automakers for producing electric vehicles stay on the companies’ boards and do not reach workers’ wages. In a video posted on July 5, UAW President Shawn Fain said “the Big Three automakers—Ford, General Motors, and Stellantis—are taking billions of dollars…
Utah Gov. Spencer Cox Says He’s Gearing Up to Sue Social Media Companies for Knowingly Harming Kids
July 10, 2023
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Republican Utah governor Spencer Cox said on Sunday that he’s preparing to sue social media companies for causing harm to young children in the state. During an interview with the CBS program “Face The Nation,” on July 9, Mr. Cox said that “when you look at the new research that’s coming out, there’s not just…
US Tech Stock Valuations Highest Since 1990s’ Dot-Com Bubble: Bernstein
The valuations of American technology firms have risen to their highest level since the dot-com bubble in the late 1990s, driven by investor interest in artificial intelligence (AI) technologies, warned wealth management firm Bernstein. The stock prices of tech companies rose by 38 percent in the first half of 2023, which is the best performance…
Millions of Dollars Needed for Road Upgrades to Transport Massive Wind Turbine Blades
The Central-West Orana Renewable Energy Zone (REZ) is slated to be one of New South Wales’s largest sources of renewable energy, including an array of solar panels, batteries, and wind turbines. But simply moving wind turbine components to the regional area is proving to be a challenging and costly exercise. Authorities in Australia’s most populous…
The Fed’s Conundrum Continues: How Many More Rate Rises?
July 10, 2023
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Commentary We’re squarely in the dog days of summer, which in Hellenistic astrology is connected to bad luck, lethargy, and, of course, hot and humid weather. These are the days when economists and market watchers would love to shut down and go away for the summer. But for Chair Jerome Powell and the U.S. Federal…
Wall Street Starts New Week Lower Ahead of Inflation Data
Wall Street’s main indexes opened slightly lower on Monday as investors stayed cautious ahead of a key inflation report, while weak data out of China fanned worries of a looming economic slowdown. The Dow Jones Industrial Average fell 29.20 points, or 0.09 percent, at the open to 33,705.68. The S&P 500 opened lower by 4.72…
FDA Asked to Investigate Energy Drink Due to Potential Harms for Children
July 10, 2023
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Senate majority leader Chuck Schumer (D-N.Y.) has called on the U.S. Food and Drug Administration (FDA) to look into a popular energy drink which he says is posing health risks to children. “PRIME Energy Drink has so much caffeine that it could endanger kids’ health. But it’s being marketed to kids! Parents and pediatricians are…
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