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Constellation Brands ‘ decision to sell its Svedka vodka brand is a step in the right direction as the Modelo and Corona brewer focuses on its high-end businesses. The news Constellation said Tuesday it will sell Svedka to New Orleans-based Sazerac, which owns hundreds of brands from distilleries around the world. While terms of the … Read more
Stock market trading has been acutely sensitive to economic data in the post-Covid era, with the averages moving sharply on upside and downside surprises. That could be about to change as Donald Trump plans to assume the presidency, bringing with him a high level of uncertainty and making policy possibly more important than the much-watched … Read more
Entrepreneur Brian Singerman (R) and Noelle Moseley arrive at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles, California, on April 13, 2024. Etienne Laurent | Afp | Getty Images Brian Singerman, one of the earliest employees of Peter Thiel’s Founders Fund, said on Tuesday that he’s stepping down … Read more
President-elect Donald Trump’s transition team said Tuesday that it reached an agreement with the Department of Justice that sets the stage for the department to conduct background checks and start the security clearance process for Trump administration nominees and appointees. The agreement comes amid controversy over some of Trump’s picks for top positions in the … Read more
At a time when investors are mixed on the U.S. market, one portfolio manager remains optimistic and sees reasons to stay invested. “We really like the U.S.,” Aneka Beneby, portfolio manager at Julius Baer International, told CNBC Pro last month. “Now that the [U.S.] election result is clear and behind us, we can reasonably assume … Read more
File photo of Todd McKinnon, chief executive officer of Okta Inc. Bloomberg | Bloomberg | Getty Images Shares of Okta popped more than 18% in extended trading Tuesday after the identity management company released third-quarter results that beat analysts’ estimates and offered rosy guidance. Here’s how the company did: Earnings per share: 67 cents adjusted … Read more
A newly received Korean K9 Thunder howitzer is pictured ahead a military exercise at the training range in Torun, February 23, 2023. Wojtek Radwanski | Afp | Getty Images South Korea is known for many things. K-pop, K-dramas and Korean food have made their way across the world. Now, a new facet from South Korea … Read more
Shares of Salesforce surged in extended trading Tuesday after the enterprise software giant reported better-than-expected quarterly revenue and issued a solid forecast for the current period. But most importantly, the company showed that Agentforce, its new AI platform, may kickstart revenue growth in the future. Revenue in the fiscal 2025 third quarter increased 8% year … Read more
A man holds the South Korea flag outside the National Assembly in Seoul on December 4, 2024, after President Yoon Suk Yeol declared emergency martial law. South Korea’s President Yoon Suk Yeol on December 3 declared emergency martial law, saying the step was necessary to protect the country from “communist forces” amid parliamentary wrangling over … Read more
Cans of Campbell’s Chicken Noodle Soup are seen in a supermarket in New York. Richard Levine | Corbis News | Getty Images Campbell’s fell short of market expectations for quarterly net sales on Tuesday and named insider Mick Beekhuizen as its new chief executive officer, as the company sharpens focus on a more diverse range … Read more