Restaurant Industry Adapts as Consumer Drinking Habits Shift Toward Sobriety
Restaurants face declining wine sales and spirits producers confront oversupply as more Americans reduce alcohol consumption.
Restaurants face declining wine sales and spirits producers confront oversupply as more Americans reduce alcohol consumption.

Saudi Arabia's state oil company posted fourth-quarter earnings while announcing a $3 billion share buyback amid regional tensions.

A European central banker described Europe as 'naive' for maintaining outdated economic policies amid changing global conditions.
The Federal Reserve has privately told major banks not to aggressively oppose proposed new capital rules, according to sources.
Giorgio Armani may divide a 15% stake in his fashion empire among three major companies, according to Italian media reports.
Wall Street firms express concerns about potential economic impacts from escalating tensions involving Iran and regional conflicts.

Rental markets show varied conditions with US landlords offering more concessions while UK considers new tenant protections.
French liquor company Remy Cointreau posted slight organic sales growth while DocuSign increased its revenue guidance following strong quarterly results.

Multiple international banks evacuated staff and closed branches in Qatar and UAE after Iran threatened attacks on financial institutions.

Parker, a corporate credit card and banking services startup, has filed for bankruptcy and reportedly ceased operations.

The S&P 500 continued its six-week winning streak as better-than-expected corporate earnings drove stock market gains to new records.
Heat treatment company Bodycote received a £1.52 billion takeover proposal from private equity firm Apollo Global Management.
Several major investment firms made strategic announcements including fund closures, new fundraising, and business restructuring.

The DOJ reached a settlement with Live Nation-Ticketmaster that includes concessions but stops short of breaking up the company.
U.S. Treasury bonds gained as oil prices declined on potential Iran peace developments, while corporate debt markets see continued issuance activity.
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