Amelia Lucas

1 week ago | cnbc.com | Amelia Lucas |Melissa Repko

For millions of low-income Americans — already rattled by the threat of tariffs and higher prices — changes to a program that helps with grocery costs could make life more expensive. House Republicans are seeking to cut $230 billion of the U.S. Department of Agriculture's budget over the next decade to pay for tax cuts. The Senate version of the bill calls for at least $1 billion in USDA cuts.

1 week ago | flipboard.com | Amelia Lucas |Melissa Repko

Trump Admin Deports Teen With No Criminal Record to El Salvador Prison: ReportWilmer Gutiérrez last saw his son the morning of Feb. 24. Later that day, his nephew called to tell him that 19-year-old Merwil Gutiérrez had been …

2 weeks ago | nbcnews.com | Amelia Lucas

President Donald Trump’s tariffs aren’t the only presidential policy that is weighing on Constellation Brands. Along with tariffs on Mexican imports, his hardline immigration stance is also hurting the company’s beer sales as Hispanic consumers in the U.S. spend less, Constellation CEO Bill Newlands told analysts on the company’s conference call on Thursday.

2 weeks ago | cnbc.com | Amelia Lucas

Constellation Brands on Wednesday gave a weaker-than-expected outlook for its fiscal 2026 and slashed its medium-term forecast as it faces higher U.S. tariffs on most of its beer. The Modelo owner also topped Wall Street's estimates for its fiscal 2025 fourth-quarter earnings and revenue, but its quarterly performance took a backseat to its outlook. Last week, the Trump administration slapped a 25% tariff on all imported canned beer and empty aluminum cans, effective on April 4.

2 weeks ago | cnbc.com | Amelia Lucas

Restaurant stocks fell in morning trading Monday, fueled by investors' fears that a recession is coming. U.S. stocks have tumbled for three consecutive days after President Donald Trump shocked the markets with high tariffs on goods imported from key trading partners. While analysts do not expect the tariffs to hit most restaurant companies directly, the inflation that is expected to follow would put pressure on consumers' wallets and could lead to an economic downturn.