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Diageo has slashed its dividend and cut its annual sales and profit forecast for the second time in four months, as the maker of Guinness warned of capacity constraints affecting drinkers of “the black stuff” in London pubs.The world’s largest spirits maker – which owns brands including Smirnoff vodka, Johnnie Walker whisky and Don Julio tequila – reported weak demand in the US and China in the first results released under the new chief executive, Dave Lewis.The former Tesco chief executive, who earned the nickname “Drastic Dave” as a result of his cost-cutting during almost three decades at the conglomerate…

Treasuries fell and the dollar slipped as investors exited haven assets following advances in tech stocks.

Home Depot shares are up 3% after the retailer reported beats on sales, earnings, and same-store sales. While those headline numbers were down over last year, it remains our favorite way to play falling interest rates and an eventual housing rebound. Revenue for the fourth quarter ended Feb. 1 fell nearly 4% year over year to $38.2 billion, but outpaced the $38.12 billion expected by LSEG. Earnings per share (EPS) declined 13% to $2.72, but exceeded the $2.54 analyst estimate. HD 1Y mountain Home Depot 1-year return Bottom line Home Depot is handling the cards it’s been dealt well. The…

The city of Des Moines will begin negotiations to purchase three contiguous buildings on Euclid Avenue, which are adjacent to the former IOOF Hall/Drug Store at 200 Euclid Ave. Image provided by Des Moines Heritage Trust The Des Moines City Council Monday authorized city staff to begin negotiations to purchase three contiguous buildings on Euclid Avenue, near the Second Avenue intersection, to assemble one larger piece of property for redevelopment. The three buildings, at 206, 208, and 210 Euclid Ave. are adjacent to the former IOOF Hall/Drug Store at 200 Euclid Ave. The council’s decision on Monday will increase the…

U.S. President Donald Trump shakes hands with members of Congress as he departs following his State of the Union address in the House Chamber of the US Capitol in Washington, DC, on Feb. 24, 2026.Andrew Caballero-Reynolds | AFP | Getty ImagesBEIJING — U.S. President Donald Trump avoided directly naming China in his State of the Union address Tuesday, just weeks before his scheduled trip to Beijing. In what was the longest State of the Union (SOTU) speech by any U.S. president, Trump covered a range of topics from inflation and tariffs to stock market records.But notably, he did not directly…

Bitcoin (BTC) rallied toward $66,000 after Tuesday’s gains in the US stock market, as cryptocurrencies sought to halt their 2026 slump.  Key takeaways:Bitcoin rallied above $66,000 on Wednesday, recovering alongside US stocks.Bitcoin Coinbase Premium Index flipped positive amid $258 million in ETF inflows.While BTC’s correlation with stocks and gold is at its weakest since 2022, it historically signalled significant upside upon reversion. BTC/USD hourly chart. Source: Cointelegraph/TradingViewBTC price recovers in tandem with US equitiesBitcoin’s recovery today aligns closely with similar rebounds in the US stock market, with AI and tech stocks leading the market higher. Source: The Kobeissi LetterThe tech-focused…

“After the divorce was finalized, he and his partner moved out of state to a place where there would be no child-support enforcement.”

Autonomous driving company Wayve has hit an $8.6 billion valuation after securing fresh funds from Nvidia, Microsoft and Uber.The $1.2 billion Series D round was led by Eclipse, Balderton and SoftBank Vision Fund 2 and also featured automakers Mercedes-Benz, Nissan and Stellantis.Uber will invest up to an additional $300 million in milestone-based capital.”We are building for a total addressable market that spans every vehicle that moves,” Alex Kendall, Wayve CEO, said in a statement.”This investment accelerates our path to widespread commercial deployment and positions us to build the autonomy layer that will power any vehicle everywhere,” he added.Founded in 2017,…

Soybeans posted gains of 4 to 5 ½ cents in most front months on Tuesday. The cmdtyView national average Cash Bean price was up 5 1/2 cents at $10.75 3/4. Soymeal futures were up 20 cents to $2 in the front months, with. Soy Oil futures up 42 to 64 points.With just 3 days left for price discovery for the spring base price for Crop Insurance, November soybeans have averaged $11.05 this month. That would be up 51 cents from 2025.  Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.   ANEC estimates the…

In the past five years, we have lived through a global pandemic, the sharpest synchronised inflation surge in decades, the fastest global monetary tightening cycle since the early 1980s, and now a world shaped by persistent geopolitical tensions, economic fragmentation and volatile climate shocks.For central banks, this has been a period of great uncertainty – about the nature of the shocks hitting national economies, the stability of inflation dynamics and even the structure of the global Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To access these options,…