China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
After years of speculation, Neuralink, the brain-machine interface start-up co-founded by Elon Musk, started talking directly to the public on Tuesday.Technologyread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Mikaila Ulmer may be just 14 years old, but the Me & the Bees Lemonade founder knows a thing or two about business.Young Successread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
"Super cult" wineries, digitalisation and a new generation of fine wine consumers will reshape the wine industry in 2019, a leading analyst told CNBC on Wednesday.
Mathieu Jullien, general manager for Europe at Wine Source, said these trends would continue to disrupt the industry next year. A growing awareness of the world's finest wines would also create a "significant number of 'super cult' wineries," presenting opportunities for investors.
While wine producers had an increasingly global outlook, the sector was also experiencing a trend similar to the rise of microbreweries in beer production – particularly in the Champagne region.
"More and more of the new generation (of vineyard owners) have this idea to withdraw the grapes from big wine houses and focus on small production, raising their own profiles and putting specific villages on the map," Jullien told CNBC's "Squawk Box Europe."
This was contributing to a rise in "grower champagne" – a category of wines where the wine is produced by the same vineyard that grew the grapes. According to Jullien, the growth of this category presented "huge potential" for investors.
"We (also) anticipate the rise of a new generation of consumers," he said, noting that fine wines were becoming more popular with young female consumers, tech entrepreneurs and in Asian markets.
"They demand more service and advice around their wine collection," Jullien added. "The industry is moving from product consumption towards experience, education and service."
According to Jullien, the rising awareness and demand for luxury wines would drive up their value.
Wine Source also predicts an overhaul in how fine wines are distributed to consumers, thanks to emerging technologies such as virtual reality.
"It's easy to imagine a not-so-distant future when everyone will be able to 'visit' any winery from their living room, over the internet, perhaps joining a masterclass about pruning or blending, or taking part in a tutored tasting," Jullien said.
Wine Source is a global supplier of ultra-premium wines, where demand for specific wines typically outweighs supply.