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Brown-Forman Corp

U.S., EU reach deal to suspend taxes

Jack Daniel's Tennessee WhiskeyGetty ImagesU.S. whiskey distillers are breathing a sigh of relief as they will avoid a looming 50% tax on shipments to Europe.The European Union said Tuesday it would extend the suspension of tariffs on U.S. whiskey until March 31, 2025. The 50% levy, which came in the context of a broader steel and aluminum dispute between the U.S. and the European bloc, was set to take effect in the new year."For the past two years the United State and European Union have been engaged in critically…

Markets need a strong job market, tame inflation

CNBC's Jim Cramer on Friday told investors that stocks could see another strong week of trading, given the right economic conditions."As the year winds down, the holidays will become more and more of a focus. Right now, the forecast is cloudy – too many cross currents. But if the job market stays strong and inflation stays tame, we could be in for still one more very good week," he said.related investing newsJim Cramer's Investing Club meeting Friday: Hot jobs report, Marvell earnings read throughStocks closed up for the…

Jim Cramer says to avoid buying shares of Jack Daniel’s distiller for this reason

CNBC's Jim Cramer on Monday warned investors against investing in Brown-Forman, the owner of whisky brand Jack Daniel's.His comments come on the heels of the announcement that the company is partnering with Coca-Cola to produce canned Jack-and-Coke cocktails."This is a very tough market. It has incredibly high standards. Brown-Forman stock would normally be a no-brainer in a normal slowdown, but it's impossible for me to recommend here," he said.The reason that he can't recommend the stock of the company is that it's just…

Coca-Cola and Brown-Forman team up for new drink

Brown-Forman and The Coca-Cola Company announce plans to debut Jack Daniel's® Tennessee Whiskey and Coca-Cola®™ Ready-to-Drink CocktailCourtesy: Coca-Cola CompanyCoca-Cola is teaming up with Jack Daniel's distiller Brown-Forman to make a Jack-and-Coke cocktail in a can.It marks the fourth new alcoholic drink in Coke's portfolio in less than two years, but the first pairing for its namesake soda. The Atlanta-based beverage giant has already partnered with Molson Coors Beverage on Topo Chico Hard Seltzer and Simply Spiked…