Abby Schultz

2 weeks ago | barrons.com | Abby Schultz

Foreign producers are likely to suffer from lower U.S. sales in what is the biggest worldwide market for wine consumption. But U.S. distributors, retailers, and restaurants will take a hit, too.

3 weeks ago | marketwatch.com | Abby Schultz

Wine Lovers Will Pay More to Sip. Tariffs Won’t Give Any Room to Breathe. Published: April 4, 2025 at 8:38 a.m. ETThe U.S. wine industry isn’t popping any corks in celebration of President Donald Trump’s tariffs. Duties levied on countries across the globe will increase the cost of wines made in France, Italy, and everywhere else outside the U.S. to consumers, while harming the approximate 400,000 U.S. small businesses that rely on foreign wine imports, according to the U.S. Wine Trade Alliance.

4 weeks ago | msn.com | Abby Schultz

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4 weeks ago | kanebridgenews.com | Abby Schultz

The U.S. now has more billionaires than China for the first time in a decade, driven by AI and a booming stock market.

1 month ago | kanebridgenews.com | Abby Schultz

If U.S. stock prices continue to fall, wealthy consumers could slow their spending, putting further pressure on the U.S. economy and markets. That could mean everything from fewer luxury cars and handbags being sold to reduced demand for top-end homes and fancy vacations. Broadly, retail sales rose a less-than-expected 0.2% in February from January, the Census Bureau reported earlier this week. There are signs affluent consumers are holding back, too.