Mixed drinks, beer and cider volumes slip as wine grows slightly

Liquid consumption of beer, cider and mixed drinks was down last year in the U.S., and lower-priced brands faced a tougher time with consumers, according to a new report. At the same time, tequila posted record volumes for the year and its growth beat most other...

Casino stocks rally as Macau’s May gaming revenues crush estimates

Casino stocks are posting big wins Thursday on Macau’s gross gaming revenue in May sharply beating industry analysts’ expectations.In intraday trading, Las Vegas Sands is up nearly 4 percent and Wynn Resorts ahead more than 4 percent. And MGM Resorts is up...

US auto sales in May up for Ford and Nissan

U.S. new vehicle sales figures in May were likely propped up by heavy discounts, say industry analysts who expect that demand in the month was little changed or up just slightly after two months of falling sales. Ford Motor said its U.S. sales inched up 2.2 percent to...

Bitcoin may hit $4,000 by the end of the year: Analyst

The digital currency bitcoin is currently still near all-time highs, but bullish calls remain for the asset. One investor thinks it could almost double to $4,000 by the end of 2017. Bitcoin hit an all-time high in late May, reaching to $2791.70 according to CoinDesk...

Elon Musk’s idea of merging machines with humans is ‘alarmist’, CEO of top A.I. firm says

Talk of mass job losses and the need to give humans a computer layer in their brain as a result of artificial intelligence (AI), an idea put forward by billionaire Elon Musk, are “alarmist” and distract from the good being done by the technology, a top...

Job cuts surge in May, thanks to downsizing in retail and auto, Challenger report says

Cutbacks in retail and the auto industry sent job reductions soaring to over 50,000 in May, outplacement consultancy Challenger, Gray & Christmas reported Thursday. The total of 51,692 in May was 41 percent higher than the 36,602 job cuts announced in April and 71...