Constellation Brands recently reported an earnings beat that was primarily fueled by the strength of its beer business. However, the company’s shares took a hit, falling 4% despite an initial upward movement. This disappointing performance can be attributed to ongoing concerns over the weakness in Constellation’s wines and spirits segment. Comparable net sales for the
Ford experienced a 1% increase in sales during the second quarter of the year compared to the same period last year. The key driver of this growth was a 5% increase in truck sales. The total truck sales, including pickups and vans, reached an impressive 308,920 vehicles, marking the company’s best second-quarter performance in this
As many retirees approach the age of withdrawing funds from their retirement savings, the topic of taxes becomes increasingly important. Surprisingly, only a small percentage of Americans have a concrete plan to reduce taxes on their retirement savings, according to a study conducted by Northwestern Mutual. This lack of preparation can lead to potential financial
Bad weather is often cited as a common reason for flight delays. However, the reality is that a thunderstorm hundreds of miles away can still disrupt flights even in clear and sunny conditions. The Federal Aviation Administration may issue ground stops to prevent traffic from departing for a specific airport to prevent facilities from becoming
China has established itself as a dominant player in the global supply chain for many critical minerals, including tungsten. This metal, known for its hardness and energy density, plays a crucial role in various industries such as weapons, automobiles, electric car batteries, semiconductors, and industrial cutting machines. Major companies like Taiwan Semiconductor Manufacturing Company and
A recent development in the media industry has caught the attention of many as media mogul Barry Diller, through his company IAC, is considering acquiring National Amusements Inc. which is owned by Shari Redstone. This move, if materialized, could potentially give IAC a controlling stake in Paramount. The news of Diller’s interest comes after National
Investors have traditionally relied on cash as a safe haven, especially during times of economic uncertainty. However, with interest rates at historic lows and the lure of 5% annual percentage yields on savings accounts, many are becoming complacent with the returns they are receiving. While the safety and stability of cash cannot be denied, experts
Individual retirement accounts (IRAs) are seeing an increase in size, with the median IRA balance reaching $87,000 in 2022, up from $81,144 in 2019. This growth poses potential tax challenges for retirees and their children who inherit these assets. A report from the Employee Benefit Research Institute revealed that a considerable portion of IRA assets
The Florida Panthers, the National Hockey League Stanley Cup champions, have made a significant move by signing a new multiyear broadcasting deal with E.W. Scripps. This deal marks a departure from their previous home on cable TV regional sports network and highlights a shift towards local broadcast networks in the sporting world. As more consumers
General Motors has reported its best quarterly sales in over three years, showcasing significant increases in both full-size pickup trucks and electric vehicles. The Detroit-based automaker revealed that in the second quarter, sales reached 696,086 units, marking a 0.6% increase from the same period last year. This is the highest number of units sold by