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European stocks ended the final session of Year 2022 on a very weak note as fears about a recession, worries about rising rates, surging Covid cases in China, and an escalation in Russia-Ukraine tensions all weighed on sentiment and rendered the mood bearish. The pan European Stoxx 600 declined 1.27

European stocks closed broadly lower on Wednesday with investors weighing the near term prospects for the markets amid high borrowing costs and slowing growth, and largely staying reluctant to make purchases. A lack of positive triggers too contributed to the cautious undertone in the markets. After

Indonesia's inflation increased unexpectedly in December and remained above Bank Indonesia's target as food prices continued to rise at stronger rates, data from the statistics bureau showed on Monday. The consumer price index rose 5.51 percent year-on-year in December, following a 5.42 percent incr

The Coca-Cola Company (KO) has tapped Constellation Brands (STZ) to create FRESCA Mixed, a line of spirit-based ready-to-drink (RTD) cocktails. The launch is expected in the U.S. later this year. Fresca is a grapefruit-flavored soda and Coca-Cola’s fastest-growing brand in its U.S. soft-drink portfo

Graham and Dodd viewed stocks as special cases of bonds. That is, they bought stocks for their dividends, rather than for potential capital gains. There was, however, one noticeable difference between stocks and bonds. The former carry an inflation fighter in the form of potential rises in the divid

S&P 500 (SPY) (SPX) stages a massive rally on Thursday despite CPI shock. Nasdaq (NDX) (QQQ) also rallies over 5% on Thursday. Friday sees more heavy selling though as Thursday's rally looks more like options and short covering. Yet another hectic week to put in the history books and it looks li

New York (CNN Business)Apple Music is replacing Pepsi as the new sponsor for the NFL's Super Bowl halftime show. The multi-year partnership was announced Friday and financial terms weren't disclosed. In a statement, the NFL said that it "couldn't think of a more appropriate partner" for the show. Th

New York (CNN Business)The bourbon boom is showing no signs of ending anytime soon: Wall Street is still wild about whiskey. Jack Daniel's owner Brown-Forman reported quarterly results Wednesday morning that easily topped analysts' forecasts. Sales were up 11%, to $1 billion, surpassing estimates of

New York (CNN Business)When Don Vultaggio was considering names for his new iced tea business three decades ago, he wanted something that connoted a "warm and healthy environment." That meant getting far away from Brooklyn, where Vultaggio grew up. But not too far away: His friends called his New Yo