July 12, 2023

Markets Now

Fine wine is souring as investment prices sink

Fine wine prices have been rising consistently for years, attracting investors looking to hedge against inflation, economic turmoil and stocks. Recently, the barrier to entry in the wine-as-an-investment market has fallen drastically, with a number of easy-access online brokerages and advisories popping up.  
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An Indian culinary must-have is off the menu as prices jump 400%

From butter chicken to paneer makhani, Indian cuisine is unthinkable without the ubiquitous tomato.  
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Farmers Insurance pulls out of Florida, affecting 100,000 policyholders

Farmers Insurance will stop offering its policies in Florida, which includes home, auto and umbrella, in a change that will affect 100,000 people.  
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The oldest craft brewery in the United States is shutting down after 127 years

Pour one out for Anchor Brewing: America’s oldest craft brewer is shutting down after 127 years in business.  
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This CEO replaced 90% of support staff with an AI chatbot

The chief executive of an Indian startup laid off 90% of his support staff after the firm built a chatbot powered by artificial intelligence that he says can handle customer queries much faster than his employees.  
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Domino's shares soar after striking a surprise deal

Domino’s Pizza has long been a holdout of using third-party delivery apps in the United States. But now, the pizza chain has struck a deal with one of the world’s largest food delivery services.  
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Source: CNN Business

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