Boston Beer has thrown “millions of cases” of excess Really Hard Seltzer, the chairman says

Boston Beer chairman Jim Koch told CNBC on Friday the company decided to ditch an oversupply of Truly Hard Seltzer rather than discount it in response to a category-wide drop in sales. “We’ve been very aggressive about adding capacity, adding inventory, buying raw materials like cans and flavors, and we’ve honestly bought too much,” Koch, … Read more

Third juror sacked in the trial of Theranos founder Elizabeth Holmes

Elizabeth Holmes, founder of Theranos Inc., arrives in federal court in San Jose, California on Tuesday, October 12, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. – A third juror was dismissed in Elizabeth Holmes’ criminal trial on Friday for “a good cause”. This leaves only two deputies in a process … Read more

Hedge fund sells stake in Trump SPAC firm DWAC after merger news

At least one hedge fund has its stake in SPAC Digital World Acquisition Corp. sold after the company announced plans to merge with former President Donald Trump’s planned social media company. Lighthouse Investment Partners, one of at least nine hedge funds that hold shares in Digital World Acquisition, abandoned its holdings in this particular acquisition … Read more

LIVE: Fed Chairman Powell speaks live at a Bank for International Settlements conference – 10/22/21 – CNBC Television

LIVE: Fed Chairman Powell speaks live at a conference of the Bank for International Settlements – 10/22/21CNBC television Federal Reserve strengthens ethical rules to ban active trading by senior officialsYahoo Finance After two scandals, the Fed bans officials from buying stocksCNN Last year, Fed officials called for a month-long “trade blackout”Reuters Watch Fed Chairman Jerome … Read more

Anthony Scaramucci hopes Trump SPAC will continue to rise so that former president can stop running in 2024

Anthony Scaramucci hopes Trump SPAC will continue to rise so that former president can stop running in 2024

Hedge fund founder Anthony Scaramucci, who served briefly in the Trump administration, told CNBC on Friday that he wants SPAC affiliated with former President Donald Trump to succeed because it could stop him from contesting the 2024 election. Scaramucci’s comments on the “Squawk Box” came as part of a significant search for Digital World Acquisition … Read more

Google is removing Roku’s YouTube apps

YouTube leaves Roku. And now the battle between the two companies has caught the attention of Congressmen trying to push their big tech antitrust legislation forward. After a month-long dispute between Roku and YouTube parent company Google, Google announced on Thursday that it would no longer allow Roku customers to download the YouTube or YouTube … Read more

America needs to save five key technologies to maintain its power, officials warn

America needs to save five key technologies to maintain its power, officials warn

A technician examines a chip piece for computers. Sefa Ozel | E + | | Getty Pictures WASHINGTON – U.S. government officials have issued a clear warning: America’s position as a world power depends on maintaining leadership in five disciplines – and American enemies are trying to steal each. Officials said they were concerned that … Read more

Pfizer Says Covid Vaccine Is More Than 90% Effective In Children

A 12-year-old girl will receive the Pfizer BioNtech vaccine in New York City on May 14, 2021. Adam Jeffery | CNBC Child-sized doses of Pfizer’s Covid-19 vaccine appear safe and nearly 91% effective in preventing symptomatic infections in 5-11 year olds, according to the study details released on Friday, as the US is considering opening … Read more

5 things you should know before the stock market opens on Friday October 22nd

Here are the key news, trends, and analysis investors need to start their trading day: 1. Stock futures mixed after the record close of the S&P 500 Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA on October 20, 2021. Brendan McDermid | Reuters US stock futures … Read more

Snap, Intel, Zoom Video, Boston Beer, and more

Check out the companies that make the headlines before the doorbell rings: Snap – The Snapchat parent’s shares plunged 19.5% in the premarket after the company warned of a slowdown in growth due to recent changes to Apple’s iOS privacy rules. These rules make it difficult to gather information from users and target ads. Snap … Read more