Good morning and Happy Thursday. November 14, 2023

Diageo Finds 5 Trends Shaping Consumer Behavior

Five global trends are shaping consumer behavior are detailed in a just-released report from Diageo. The five trends are: * Neo-Hedonism: consumers are re-evaluating how they spend their money, searching for innovative ways to experience pleasure in their everyday lives. This is one of the newer trends but on the rise

Delicato's Bota Box Breeze Extends Line with 5ml Mini Tetra-Pak

Delicato Family Wines announced new offerings in the Bota Box Breeze line of premium light wines: The brand’s popular Pinot Grigio and Sauvignon Blanc will now be available in a “Mini” 500ml Tetra-Pak format, and a Cabernet Sauvignon joins the fast-growing brand’s 3-liter varietal options. All three wines

BMO, bw166, Wine Business to Examine Changing Wine Industry

BMO, the eighth largest North American bank and a leading lending to U.S. wineries, said it formed the U.S. Wine Industry Partnership in collaboration with business intelligence firm WineBusiness and bw166, a top market research firm focused on the wine industry. The U.S. Wine Industry Partnership will

Newly Filled Barrels of Kentucky Bourbon Up 3% in Year

The number of newly filled barrels of Bourbon in Kentucky continued a steady growth of 3% last year, the Kentucky Distillers Association said. But distillers are now paying four times as much in barrel taxes than they have aging barrels.  Despite a new milestone of 12.6 million barrels of

Fed Holds Interests Rates Steady

The Federal Reserve has kept the policy rate unchanged at 5.25-5.5%, as widely expected, but acknowledged growth "has slowed from its strong pace in the third quarter" plus a recognition that "inflation has eased over the past year". Fed Chair Jay Powell went even further in the press

Thanks for reading. I'll be back tomorrow. – Joel