The former chief executive of Anheuser-Busch’s U.S. division warned that Bud Light will continue to see declines in sales if it avoids the controversy surrounding its decision to promote a campaign with a transgender influencer. “This chasm that we’re seeing between Bud Light and its consumers is only going to intensify because every time you…
Bud Light’s Latest Move Pushes Drinkers Further Away, Ex-official Warns
Canadian Oil Investors Remain Upbeat, Call for Greater Investment and Production
The first half of 2023 was rough on Canadian oil and gas stocks after a stellar 2022, but bullish sentiment remains. Investors single out as obstacles an adverse policy environment and sentiment toward the industry, and point to the need for ongoing capital investment as the green energy transition stutters. Eric Nuttall, a leading oil…
‘Depraved Desperation’: Bud Light’s Latest Promotion Gets Ripped on YouTube
Bud Light’s latest ad is getting slammed online as the beer brand keeps garnering angry comments and a huge number of dislikes, with the company facing ire from both sides of the social aisle. Released on the weekend of July 4, the latest ad, “Backyard Grunts with Travis Kelce,” features Kansas City Chiefs star Travis…
Twitter CEO Backs Widely Criticized Tweet-Reading Rate Limits
Twitter CEO Linda Yaccarino on Tuesday wrote in a tweet a defense of the temporary cap announced on July 1 on the number of tweets users can read in a day, and the company said advertizing has been stable in the days since the step that drew heavy criticism from users and marketing professionals. Ms….
Dollar Steady Before Fed Minutes; Yen Hovers Near 145-Mark
LONDON—The U.S. dollar held steady against other major currencies on Wednesday as traders waited for minutes from the Federal Reserve’s last policy meeting that could offer clues to the outlook for interest rates. Australia’s dollar fell in line with the Chinese yuan after data showed China’s services activity expanded at the slowest pace for five…
Brent Dips as Economic Headwinds Outweigh Supply Cuts
LONDON—Oil benchmark Brent edged lower on Wednesday as concern over a global economic slowdown overshadowed supply cuts announced this week by top crude exporters Saudi Arabia and Russia. Brent crude was down 16 cents, or 0.2 percent, at $76.09 a barrel by 1045 GMT after falling more than $1 earlier in the session. The benchmark…
Shares Slip on China Growth Jitters as Fed Minutes Loom
July 5, 2023
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LONDON/SYDNEY—Global shares fell on Wednesday as fresh signs of China’s faltering economic recovery emerged, with traders awaiting U.S. Federal Reserve minutes and a key U.S. jobs report later in the week for clues to the central bank’s rate outlook. In quiet trade following the Independence Day holiday on Wall Street on Tuesday, European stocks slipped…
Supreme Court Narrows Trademark Protections Outside US
The Supreme Court unanimously ruled on June 29 that a trademark law does not regulate the use of U.S. trademarks outside the United States. At the same time, the justices split 5–4 on whether the holder of an infringed trademark could still seek damages domestically for the trademark infringement that took place abroad if it…
Biden Announces 2 Republican Nominees for FTC Positions
July 5, 2023
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President Joe Biden has announced plans to nominate Virginia Solicitor General Andrew Ferguson and Utah Solicitor General Melissa Holyoak to serve as Republican commissioners of the Federal Trade Commission (FTC). The White House announced the GOP nominations—part of a longstanding practice to include bipartisan membership—in a July 3 press release. Senate lawmakers will need to vote to confirm…
‘Deeply Concerning War’: Australia, Indonesia Condemn Russia While Sending Message to Beijing
July 5, 2023
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Australian Prime Minister Anthony Albanese and Indonesian President Joko Widodo jointly denounced Russia’s aggression against Ukraine, noting its effects on the global economy through inflation, disrupted supply chains, and worsening food insecurity. Mr. Albanese welcomed Mr. Widodo to Australia on July 4 during the annual Australia-Indonesia leaders’ meeting in Sydney, where they deepened links between…
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