In a 2023 Gallup survey, 62% of American adults under 35 said they drink alcohol, down from 72% twenty years earlier.
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The company’s flagship Modelo brand continues as top dog after surpassing Bud Light in sales last year.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.
Reddit went public this year and is inching towards profitability, a mere 19 years after it was founded, and the future looks bright.