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We often hear about the low unemployment rate, but a new report highlights the state of U.S. jobs. The Brookings Institution 137
White Claw is a victim of its own success: The hard seltzer brand confirmed a nationwide shortage in the United States, sparked by the drink's rising popularity."We are working around the clock to increase supply given the rapid growth in consumer demand," Sanjiv Gajiwala, White Claw's senior vice president of marketing, told CNN Business. "White Claw has accelerated faster than anyone could have predicted."The company didn't specify when stock will return to normal, but Gajiwala said it has been "allocating product to our distributor partners to keep all markets in stock the best we can and will continue to do so until we get back to our normal safety stock position."White Claw has blown up recently, sparking memes and trend pieces. Sales of the drink grew 283% to 7.7 million in July compared to the same period last year. Its sales also accounted for nearly 55% of all hard seltzer sales for the week of July 4, a 200% increase since 2018's Fourth of July sales, according to data from Nielsen.The beverage, which is the industry leader, was launched by Mike's Hard Lemonade maker Mark Anthony Brands in 2016. That same year, Anheuser-Busch bought SpikedSeltzer, which led to Bon & Viv. Boston Beer began manufacturing Truly, another popular hard seltzer.It took White Claw a while to catch on with drinkers. Now, people are seeking out drinks with fewer calories and less sugar, and seltzer fits the bill. White Claw and competitor Truly both have around 100 calories per can, and Bon & Viv has about 90 calories per can.The fad isn't fading, either. Last month, Anheuser-Busch launched a new line of spiked seltzer under the Natural Light brand, an affordable product marketed to college-aged drinkers."These new products can help those companies, such as Anheuser-Busch, 'buffer those losses,'" Beth Bloom, associate director of US Food and Drink for Mintel previously told CNN Business, because beer sales are declining.Alcohol drinkers have been generally favoring premium beer and liquor. Hard seltzer, a lower-calorie alternative to beer, could steal share away from light beers, according to a recent note from Macquarie Research. 2174
WARSAW, Ky. -- Marine Corps veteran John Preston is preparing to embark on a 625-mile hike down the coast of California to 135
UPDATE: APRIL 17, 2019The Nye County Sheriff's Office says that it has arrested 56-year-old Richard Cleaves for trying to find any buried treasure left behind by Ted Binion at his former property in Pahrump, Nevada. Cleaves is being charged with burglary, conspiracy to commit grand larceny and destruction of property. ORIGINAL STORYLAS VEGAS, Nevada — A man who was arrested in 2017 for attempting to find buried treasure in Pahrump has been at it again, according to Nye County Sheriff's Office. Gambling executive Ted Binion, son of the casino owner Benny Binion, died more than 20 years ago in Las Vegas under suspicious circumstances. His body was found in his home on Palomino Lane in Las Vegas and his stripper girlfriend, Sandy Murphy, and her lover, Rick Tabish, were later arrested for his murder.Although his death was reported as a suicide by his girlfriend, it was believed that Binion was actually killed for his money. 947
Uber is blowing through billions of dollars, but CEO Dara Khosrowshahi is undeterred.In an interview with CNN correspondent Christiane Amanpour that will air Wednesday, Khosrowshahi defended Uber's business model, which involves the company investing heavily in promotions to entice customers to its on-demand ride and meal-delivery offerings."The model is absolutely sustainable," Khosrowshahi said. "The business, for example, is still growing 30-plus percent on a global basis. And anytime you have a business that has the kind of market size of trillions of dollars in terms of transportation and food and global commerce, it makes sense for a company to invest."Uber lost .2 billion in the three months ending in June, its 742