New York stock market opened mixed due to AI theme strength and government shutdown concerns. Tech stocks rose while energy and consumer sectors declined.
Michelob Ultra dethrones Modelo as top-selling beer
Michelob Ultra becomes the best-selling beer in the US, overtaking Modelo Especial. This marks a comeback for Anheuser-Busch InBev after Bud Light's controversy.
Constellation Brands' earnings hit by Trump tariffs
Constellation Brands' Q2 earnings fell short of Wall Street expectations due to Trump's tariffs on aluminum imports and decreased beer consumption among Hispanic consumers.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.