November 13, 2023

Markets Now 11/13

Analysis: Why the American Whiskey industry is freaking out

Two decades ago, there were 35 whiskey distilleries in the United States. Today that number has exploded to 2600.  
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Edgar Bronfman, Jr. slams UPenn leaders for ‘morally bankrupt’ response to Hamas terror attack on Israel

Private equity executive Edgar Bronfman, Jr., whose family is well-known supporters of Israel, is calling for the leaders the University of Pennsylvania to step down due to their response to the Hamas terror attacks against Israel, CNN has learned.  
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Walmart, Costco and other companies rethink self-checkout

Retailers in Europe, like Booths supermarkets, and the United States, like Walmart, are pulling back on having self-checkout in light of complaints and shoplifting.  
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Here’s how much you need to make to afford a home in America

The income of a typical homebuyer in the United States surged to $107,000 from $88,000 last year, as home affordability precipitously worsened, according to an annual report from the National Association of Realtors.  
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He’s leading the biggest banking deal in history. Failure is not an option

UBS CEO Sergio Ermotti has taken on a challenge unprecedented in the history of global banking, and the stakes for him, the bank and global financial markets are sky-high.  
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Waikiki hotel is ditching the Trump name

The number of Trump Hotels continues to dwindle, with the chain’s Hawaii resort the latest to ditch the tarnished name for a less politicized brand.  
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Source: CNN Business

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