Twenty civil rights organizations sent a letter Thursday to Fortune 1000 companies calling for them to recommit to diversity, equity and inclusion, after several major companies scaled back their efforts. The call to action comes after businesses including Ford, Tractor Supply, Brown-Forman announced plans to change or entirely end internal DEI initiatives. “Abandoning DEI will … Read more
DaRon Bland, #26 of the Dallas Cowboys, celebrates after an interception returned for a touchdown in the game against the Washington Commanders during the fourth quarter at AT&T Stadium in Arlington, Texas, on Nov. 23, 2023. Ron Jenkins | Getty Images When Jerry Jones plunked down $150 million to buy the Dallas Cowboys in 1989, … Read more
Coors beer is displayed on a store shelf on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty Images Molson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies. In an internal memo sent Wednesday and obtained by CNBC, Molson Coors executives said the … Read more
While Wall Street may still be rattled after Monday’s massive sell-off, CNBC’s Jim Cramer said many of Tuesday’s corporate earnings reports do not indicate there is a serious recession on the horizon. “I think we’re in a recessionless recession because I follow the actual micro data from individual companies that report,” he said. “When you … Read more
Constellation Brands reported an earnings beat on Wednesday that was driven by strength in its beer business. However, shares fell 4% after an initial move up, as investors — including us — remain troubled by continued weakness in the wines and spirits business. Comparable net sales for the three months ended May 31 increased 6% … Read more
Constellation Brands has an upper hand in a battle for coveted — but shrinking — territory in stores, according to new Wall Street research. It is further evidence that the Mexican beer powerhouse is a worthwhile investment in an otherwise weak category. Constellation’s portfolio of beers, anchored by Modelo and Corona, is among the best … Read more
CNBC’s Jim Cramer on Thursday said it’s no secret that the market rally has been driven by a handful of tech stocks, and it’s not likely to change anytime soon. Cramer said companies like Nvidia, Apple, Microsoft, Alphabet, Amazon, Oracle and now Broadcom have been integral to the rally. Broadcom shares closed up 12% on … Read more
In this photo illustration, dried cannabis flowers are displayed on April 30, 2024 in San Anselmo, California. The U.S. Drug Enforcement Administration (DEA) announced plans to reclassify marijuana as a less dangerous drug and designate it a Schedule III controlled substance instead of a Schedule I drug where it is currently listed. Justin Sullivan | … Read more
United States Supreme Court Associate Justice Samuel Alito poses for an official portrait at the East Conference Room of the Supreme Court building on October 7, 2022 in Washington, DC. Alex Wong | Getty Images Supreme Court Justice Samuel Alito sold shares of beer giant Anheuser-Busch InBev as conservatives were ditching the Bud Light brewer … Read more
A truck with a “Fire Gay” message drives through Harvard Square. The congressional testimony of Harvard University president Claudine Gay has caused a stir on campus on Dec 10th. 2023. Pat Greenhouse | Boston Globe | Getty Images A far-right activist group that is doxxing college students who engage in pro-Palestinian protests revealed that it … Read more
