WSJ MARKETS: HEARD ON THE STREET

Cannabis Stocks Are Stuck With Their Toxic Ingredients
An effort to help U.S. marijuana companies access normal banking services has failed while the industry’s already sky-high cost of debt is creeping up again

https://www.wsj.com/articles/cannabis-stock...share_permalink

Been holding one of the tobacco stock myself - bought it initially mainly for the dividend (ouch 30% WHT) but holding it now for their potential future growth in their smoke-free portfolio.

Not for everyone though, it's a sinful industry after all (but makes good money )

BAT stuff



FT 010223 Big Read. Defence Industry: The strain of arming Ukraine.

WSJ MARKET: SHEARD ON THE STREET

The Battle for America’s Smokers Is Heating Up
U.S. cigarette volumes fell sharply last year as smokers cut back to save cash. Tobacco giants Altria and BAT also have a new rival on their turf.

https://www.wsj.com/articles/the-battle-for...share_permalink

WSJ Markets: Heard on the Street

Altria’s Latest Vape Could Be Even Pricier Than Its First
Potential deal for e-cigarette brand NJOY is smaller than the Juul investment, but valuation is punchier

https://www.wsj.com/articles/altrias-latest...share_permalink

FT Big Read. Consumer Goods: The environmental cost of single-use vapes.

In fact worse than plastics and oil 🤦‍♀️ as vapes are derived from both it combined

From 香港明报 120323:

WSJ

This Couple Built an Obscure Corner of Sports Betting Into a Billion-Dollar Business
Even before online wagering on sports was legal in the U.S., Anna Sainsbury and David Briggs predicted that gambling apps would need to know where their customers were. These days, almost no mobile betting happens without them.

https://www.wsj.com/articles/sports-betting...share_permalink

WSJ

How Bud Light Blew It
With one blunder after another, the brewing giant behind the brand became a case study in how not to handle a culture-war storm

https://www.wsj.com/articles/bud-light-boyc...share_permalink

This is interesting.

WSJ BUSINESS

Why You’re Losing More to Casinos on the Las Vegas Strip
Gambling companies shift betting further in their favor, raising minimums at blackjack tables and tipping the odds in roulette

https://www.wsj.com/articles/why-youre-losi...share_permalink

safe trip home bro

WSJ MARKETS: HEARD ON THE STREET

This Bud’s for You: Time to Buy Anheuser-Busch InBev
Bud Light controversy creates opportunity to invest in global brewing giant at a deep discount

https://www.wsj.com/articles/this-buds-for-...share_permalink

This post has been edited by TOS: Jun 7 2023, 11:30 PM

WSJ BUSINESS

Bud Light Loses Title as Top-Selling U.S. Beer
Modelo Especial in May took over the top sales spot, reflecting the enduring damage from a Bud Light boycott

https://www.wsj.com/articles/bud-light-mode...share_permalink

WSJ A-HED

How to Make Money by Losing $300,000 a Year on Slot Machines
Millions of people tune in to see others tackle the casino mainstay. ‘It’s fun to watch somebody else play with their money while you’re sitting on your couch drinking a beer.’

https://www.wsj.com/articles/gambling-watch...share_permalink

WSJ BUSINESS

The Startup Making It Easier for Young People to Put Money on Sports
PrizePicks says it offers fantasy-sports games, not gambling. Rivals disagree.

https://www.wsj.com/articles/the-startup-ma...share_permalink

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WSJ BUSINESS

Bud Light Brewer Lays Off Hundreds of U.S. Workers
Anheuser-Busch restructures corporate offices amid controversy and sales slump

https://www.wsj.com/articles/bud-light-brew...share_permalink

WSJ MARKETS: HEARD ON THE STREET

Bud Light Boycott Can’t Douse Anheuser-Busch InBev
Global brewing giant posts strong results despite controversy

https://www.wsj.com/articles/bud-light-boyc...share_permalink

FT The Big Read: Gambling industry

The dark side of the US sports betting boom
Americans have bet $245bn on sporting events since restrictions were loosened in 2018. But many fear a surge in gambling addiction is coming

https://www.ft.com/content/2e1a235a-8a46-47...40-5ca21a04ebf4

(Link with paywall, don't plan to post the whole article here as quite a lot of data visualizations are interactive; it's better to bypass the paywall and explore the figures yourself.)

WSJ LIFESTYLE

The Cyberattack That Sent Las Vegas Back in Time
The security issue left MGM Resorts hotels on the Strip with an oddly analog vibe

https://www.wsj.com/lifestyle/travel/las-ve...share_permalink