Month: December 2018

When Kevin Zraly first started studying wines almost 50 years ago, it wasn’t the most popular alcoholic beverage in the U.S. “People looked at me like I was nuts studying wines,” Zraly said. “All my friends were drinking beer.” At 21, Zraly hitchhiked to California to get exposure to the wines there. And after graduating
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In recent years, Mediterranean and Asia Pacific flavors have become more mainstream, with diners indulging in the Hawaiian dish poke and falafel rice bowls at restaurants like Cava. However, in 2019 you’ll likely see more of a North African and Middle Eastern influence. Harissa, a Tunisian hot chili pepper paste, is already enticing diners in
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The Wall Street Journal reports Apple has lost nearly $9 billion this year buying back its own stock. Apple is one of those buyback monsters that has spent significant money to buy back their stock, not just this year but since 2013 Apple’s share count has declined from 6.5 billion shares to 4.5 billion —
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U.S. banks and regulators continue to struggle tracking and curbing money moved through international banks and companies that ultimately is used to fund the North Korean government, according to a report in the The Wall Street Journal. That’s because North Korea uses proxies with hidden government ties across the globe to facilitate moving those payments,
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Tesla has outmaneuvered the Securities and Exchange Commission by appointing Larry Ellison and Kathleen Wilson-Thompson to its board, management expert Jeffrey Sonnenfeld told CNBC on Friday. The electric-car company made the appointments on Friday to comply with an SEC settlement. “The SEC has been had on this one,” said Sonnenfeld, senior associate dean at the
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Turmoil in Washington, D.C., has caused unnecessarily drastic declines in the stock market in recent weeks, UBS’ Art Cashin told CNBC on Friday. “I think we lost maybe a couple of thousand points that we didn’t need to because of the disruptions that we saw,” including the ongoing government shutdown and President Donald Trump’s attacks
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The past two weeks on Wall Street have been wild, and not in a good way. During that time, the major U.S. stock indexes have suffered losses that put them on track for their worst December performance since the Great Depression. Investors have also been gripped by volatile swings in the market as they grapple
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