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Month: December 2025

Cloudy future for bourbon has Jim Beam closing Kentucky distillery for a year

Cloudy future for bourbon has Jim Beam closing Kentucky distillery for a year

By JEFFREY COLLINS

Bourbon maker Jim Beam is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging before it is ready.

Jim Beam said the decision to pause bourbon making at its Clermont location in 2026 will give the company time to invest in improvements at the distillery. The bottling and warehouse at the site will remain open, along with the James B. Beam Distilling Co. visitors center and restaurant.

FILE - Jim Beam visitors center at its central distillery in Clermont, Ky. on Oct. 3, 2012. (AP Photo/Bruce Schreiner, File)
FILE – Jim Beam visitors center at its central distillery in Clermont, Ky. on Oct. 3, 2012. (AP Photo/Bruce Schreiner, File)

The company’s larger distillery in Boston, Kentucky, will continue to operate, the company said.

“We are always assessing production levels to best meet consumer demand,” the company said in a statement.

Employees at the distillery are being reassigned within the company and right now Jim Beam plans no layoffs, according to the local United Food and Commercial Workers International Union chapter that represents the workers.

Bourbon makers have to gamble well into the future. Jim Beam’s flagship bourbon requires at least four years of aging in barrels before being bottled. read more

Waymos blocked roads and caused chaos during San Francisco power outage

Waymos blocked roads and caused chaos during San Francisco power outage

By JAIMIE DING and MICHAEL LIEDTKE

SAN FRANCISCO (AP) — Many of Waymo’s self-driving cars blocked streets of San Francisco during a mass power outage Saturday and forced the company to temporarily suspend service, raising questions about the cars’ ability to to adapt to real-world driving conditions.

Social media users posted videos of Waymos as they encountered traffic lights that were off. Some cars’ hazard lights blinked and they abruptly stopped in place, failing to cross the intersection. Others stopped in the middle of the intersection, forcing other cars to swerve around them.

The power outage affected 130,000 homes and businesses in San Francisco, nearly one-third of the customers served by Pacific Gas and Electric Co. It was caused by a fire at a power substation, officials said. On Monday, the utility company was still working to restore power to thousands of customers.

Waymo operates hundreds of robotaxis in San Francisco, but it wasn’t clear how many cars were on the road at the time of the outage. The company paused service Saturday evening and resumed it Sunday afternoon. read more

Instacart ends a program where users could see different prices for the same item at the same store

Instacart ends a program where users could see different prices for the same item at the same store

NEW YORK (AP) — Instacart said Monday that it’s ending a program where some customers saw different prices for the same product ordered at the same time from the same store when using the delivery company’s service.

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The program was meant to help grocers and other retailers learn more about what kinds of prices customers would pay for items, similar to how stores offer different prices for the same products at different locations. But it raised alarms after a report from Consumer Reports and two progressive advocacy groups, Groundwork Collaborative and More Perfect Union, said Instacart offered nearly three out of every four grocery items to shoppers at multiple prices in an experiment. read more

What to do with a windfall

What to do with a windfall

By Kate Ashford, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

The first rule of windfalls is to understand that everyone will handle coming into some extra cash differently. People have varying obligations, responsibilities and personal styles.

“We have 73 households that we work with,” says James Bryan, a certified financial planner with Hyland Lake Partners in Edina, Minnesota. “The answer is going to be different for each and every one of them.”

That said, there are some helpful rules of thumb: Don’t start spending money right away, for instance.

“I’d suggest the person take a step back to soak it all in,” says Uziel Gomez, a CFP with Primeros Financial in Los Angeles. Whether it’s an inheritance or a lotto win, he says, “there will be a lot of emotions at play.” read more

A small town’s American Dream is at risk. What happens when its biggest employer shuts down?

A small town’s American Dream is at risk. What happens when its biggest employer shuts down?

By JESSE BEDAYN

LEXINGTON, Neb. (AP) — On a frigid day after Mass at St. Ann’s Catholic Church in rural Nebraska, worshippers shuffled into the basement and sat on folding chairs, their faces barely masking the fear gripping their town.

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A pall hung over the room just as it hung over the holiday season in Lexington, Nebraska.

“Suddenly they tell us that there’s no more work. Your world closes in on you,” said Alejandra Gutierrez.

She and the others work at Tyson Foods’ beef plant and are among the 3,200 people who will lose their jobs when Lexington’s biggest employer closes the plant next month after more than two decades of operation. read more