In the past year, media giants faced challenges in wooing advertisers during the Upfronts meeting week. Due to a Hollywood strike and cost-cutting measures affecting their content and star power, companies like Disney and Warner Bros. Discovery had to pivot towards emphasizing sports over scripted shows. This shift was particularly evident in this year’s presentations,
Art
The news that workers at the Mercedes-Benz plant in Alabama have voted against union representation by the United Auto Workers, as reported by the National Labor Relations Board, comes as a major blow to the UAW’s organizing efforts. The 56% of workers who voted against the union, totaling 2,642 individuals, have effectively halted the UAW’s
The U.S. Department of Education recently released the new interest rates on federal student loans, and the news was not comforting for parents planning to take out Direct PLUS loans for their children’s education. The interest rate for the 2024-2025 academic year is set at a staggering 9.08%, the highest it has been in over
The stock market experienced a relatively flat day on Friday, following a recent milestone where the Dow Jones Industrial Average surpassed 40,000 points for the first time. Despite achieving intraday records earlier in the week, the Nasdaq Composite and S & P 500 indices saw a slight dip by the close of trading. Jim Cramer
The Chinese government has recently announced new measures to bolster the real estate sector, particularly aimed at supporting state-owned enterprises (SOEs) in purchasing unsold apartments. This initiative is intended to provide more funding for developers to complete construction on pre-sold properties. People’s Bank of China Deputy Governor Tao Ling revealed that the central bank would
Richemont, a leading Swiss luxury group, saw a surge in its shares by 6.3% following the announcement of record full-year sales. Despite a weakening outlook for luxury brands, the company reported a 3% increase in group sales, reaching a new high of 20.6 billion euros. This growth was achieved despite a slowdown in Asia-Pacific spending,
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China’s recent economic data has revealed a mixed picture of growth in April. Retail sales rose only 2.3% from a year ago, which was significantly lower than the 3.8% increase forecasted by a Reuters poll. This slow growth indicates a potential downturn in consumer spending, reflecting uncertainty about future income and cautiousness among consumers. On
In recent months, economists have noted a deflationary trend in the prices of physical goods in the U.S. economy. The initial surge in demand for goods during the early days of the Covid-19 pandemic has now subsided, leading to a decrease in prices. Consumers who were confined to their homes turned to purchasing items such