Jack Daniel’s maker reveals surprising reason why Americans are drinking less whiskey

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Executives from Jack Daniel’s parent company, Brown-Forman Corp., warned that the business is seeing pressure from cannabis, weight-loss drugs and lackluster demand from Generation Z.  Brown-Forman CEO Lawson Whiting told analysts on an earnings call that the “same big three” is the reason that there has been lower demand for liquor.  “We’ve been saying that […]


Ant Group gets new CEO as billionaire founder Jack Ma talks up AI

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Jack Ma, founder of Alibaba Group, speaks during 2020 China Green Companies Summit on September 29, 2020 in Haikou, Hainan Province of China. Liu Yang | Visual China Group | Getty Images Ant Group president and finance chief Cyril Han will take over as chief executive officer from next year, the financial technology giant announced […]