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Liquor industry trends as spirits take market share from beer

A bartender creates specialty cocktails made with Casamigos at the opening party for Alo Miami on December 16, 2021 in Miami, Florida. Jason Koerner | Getty Images CHICAGO — The spirits industry is overcoming economic headwinds to meet changing consumer preferences as it chips away at the dominance of beer. …

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GoDigital wants to buy Vice Media

Vice Media Group logo Pavlo Gonchar | Lightrocket | Getty Images When Suroosh Alvi, Gavin McInnes and Shane Smith founded Vice magazine, which later expanded to Vice Media, they built a business based on a punk rock, counterculture image. Smith once had himself recorded, nearly naked and drinking alcohol, giving a …

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Bowlero BOWL CEO Tom Shannon weighs in on EEOC investigation

Bowlero CEO Tom Shannon on Wednesday called discrimination claims against the fast-growing bowling alley operator “absurd,” but acknowledged the federal probe into those allegations may have hurt its stock price. “These allegations are frankly absurd. They don’t pass the sniff test. They don’t pass any common sense,” Shannon told CNBC’s …

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Mercedes-Benz, Microsoft to test ChatGPT in vehicles

Mercedes-Benz electric EQS SUV Mercedes-Benz Mercedes-Benz and Microsoft are partnering to test in-car ChatGPT artificial intelligence, available to more than 900,000 vehicles in the U.S., the companies announced Thursday. The luxury automaker said the emerging technology will be used for audio requests through its “Hey Mercedes” voice assistant, which is …

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Goldman Sachs CEO Solomon warns of commercial real estate write-downs

CEO David Solomon, Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said Monday that his bank will disclose markdowns on commercial real estate holdings as the industry …

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Lovecraft expert Joshi discusses shoggoth AI meme

Illustration by Elham Ataeiazar Artificial intelligence is scary to a lot of people, even within the tech world. Just look at how industry insiders have co-opted a tentacled monster called a shoggoth as a semi-tongue-in-cheek symbol for their rapidly advancing work. But their online memes and references to that creature …

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PGA-Saudi LIV Golf merger just the beginning for kingdom in pro sports

The controversial mega merger between the PGA Tour and Saudi Arabia’s LIV Golf is just one step in the kingdom’s ambitious tourism and investment strategy — and its pursuit of big-name sports is just getting started. “We’re sort of a proponent to find ‘all of the above’ strategy in sport,” Saudi Investment …

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Boeing deliveries, orders tick up in May ahead of Paris Air Show

Boeing 787 Dreamliners are built at the aviation company’s North Charleston, South Carolina, assembly plant on May 30, 2023.  Juliette Michel | AFP | Getty Images Boeing handed over 50 airplanes to customers last month, up from 35 in April, though it trails rival Airbus in deliveries so far this …

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PGA Tour Commissioner Jay Monahan takes medical leave

PGA Tour Commissioner Jay Monahan is taking a leave of absence as he recuperates from a medical condition, the organization said in a statement late Tuesday, just days after the tour announced a deal to merge business interests with the Saudi-backed LIV Golf league. “Jay Monahan informed the PGA Tour …

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Nearly all Americans cut spending amid inflation: CNBC survey

Nearly all Americans are cutting back on their spending in some way, according to a new CNBC and Morning Consult survey. The survey found 92% of Americans are pulling back, further evidence of what retailers like Walmart, Target, Home Depot and Best Buy called out as cautious consumer spending shifts …

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