4 societal shifts could drive America’s alcohol industry into a long-term recession
Bank of America expects alcohol consumption per capita to decline 1% in the US this year. America’s alcohol industry could be heading for a long-running decline, according to Bank of America. Analysts at the bank see a growing risk that the alcoholic beverages sector could sink into a secular decline thanks to a handful of…
Traders are betting that bond yields could soon hit a dangerous level for stocks
An options bet that puts the 10-year Treasury yield at 5% in the coming weeks is getting attention, Bloomberg reported on Friday. If it pays off, it could lead to a multimillion-dollar profit for the trader who saw the jump in yields coming, but it would probably mean pain ahead for the stock market. According…
Here’s what has investors on edge as stocks cruise near record highs
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020. Even with the S&P 500 trading near record highs, there’s always something for investors to worry about. On Wall Street, it’s called the “wall of worry,” and investors must continually climb it.…
Russia wants a lucrative share of the world’s lithium market, but it’s hitting roadblocks
Lithium ore falls from a chute at a facility in Australia in this file image. Russia’s plan to develop one of its vast untapped lithium reserves is hitting major roadblocks. Russia sits on an estimated one million tons of lithium, an amount comparable to the US. Lithium is used to make lithium-ion batteries, and has…
TikTok is back in US app stores for Apple and Android
Apple and Android brought TikTok back to their app stores for US users on Thursday night. Apple and Google restored TikTok to their US app stores on Thursday night. The app had been unavailable on the app stores since last month to comply with a law requiring it to be banned in the US unless…
Internal memo: Meta is betting on humanoid robots and hires the former CEOs of Cruise and The RealReal
Meta hired new robotics and retail leads at Reality Labs. Meta’s next big bet is humanoid robots. The company has hired former CEOs from Cruise and The RealReal to lead its robotics ambitions and boost sales of smart glasses, according to an internal memo seen by B-17. Meta’s chief technology officer, Andrew Bosworth, announced the…
‘Disagree and commit’: The famous Jeff Bezos phrase that’s making a comeback
The phrase “disagree and commit” appears to be loosely based on former Intel CEO Andy Grove’s approach to company culture. In Silicon Valley, an old mantra is making a comeback: “Disagree and commit.” Meta CTO Andrew Bosworth recently said to staffers to either leave or “disagree and commit” — echoing a phrase that’s been famously…
‘Hitch’ director says the movie’s iconic brownstone scene was written on the fly — and shot on a celebrity’s stoop
Andy Tennant, Will Smith, and Kevin James on the set of “Hitch.” The 2005 romantic comedy “Hitch” is filled with memorable scenes, but the most memorable one of all wasn’t even in the original script. The scene, in which Will Smith’s date doctor Alex “Hitch” Hitchens is helping show his client Albert (Kevin James) how…
‘Captain America: Brave New World’ has 1 end-credits scene — here’s what it means for future Marvel movies
Anthony Mackie as Sam Wilson/Captain America in “Captain America: Brave New World.” Warning: Major spoilers ahead for “Captain America: Brave New World.” If you head to the theater to watch “Captain America: Brave New World” this weekend, you may want to stick around until the very end. The fourth “Captain America” movie stars Anthony Mackie…
