In November, the U.S. economy created 263,000 new jobs, and the unemployment rate stayed at 3.7%, indicating ongoing resilience in the labor market.
Go Deeper (2 min read)Real Estate Space Gets A Hit
As they downsize, the large technology corporations that fueled U.S. office demand for years as they built up their empires are now breaking leases and saturating commercial areas with office space.
Go Deeper (2 min read)Shoppers Are Back
Although Americans spent more time and money shopping on Black Friday than they did the year before, certain figures indicate that they were also cautious with their spending as inflation put a strain on their wallets.
Go Deeper (2 min read)Bob Iger Is Back At Disney
Disney greatly increased its content investment under Chapek, reaching over $30 billion in just one year. In addition, Disney+ was priced significantly lower than most of its competitors.
Go Deeper (2 min read)Restaurant Brands International Inc. (RBI) is one of the world's largest fast-food restaurant companies with more than $35 billion in annual system sales and over 29,000 restaurants in more than 100 countries.
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Stripe To Reduce Headcount By 14%
Stripe CEO Patrick Collison stated in a letter to staff that 2022 has been more difficult than previous years. The company blamed inflation, energy shocks, higher interest rates and lower investment budgets for the company's slowdown.
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Policy Changes Ahead For The Fed?
The Fed's benchmark federal-funds rate has increased by 0.75 points for the fourth straight time, with the hike approved on Wednesday, bringing it to a range between 3.75% and 4%.
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Big Tech Is Crashing
Amazon anticipates fourth-quarter revenue to be between $140 billion and $148 billion, up 2% to 8% from the same period last year. Refinitiv reports that analysts were anticipating sales to total $155 billion.
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The Procter & Gamble Company (P&G) is an American consumer goods giant specializing in a wide range of personal care and hygiene products. P&G is one of the world’s largest consumer goods company with net sales of $80.1 B in 2022.
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Meesho Is Catching Up
The app, which is only available in India, has 127 million downloads within the same time period compared to 81 million for Amazon and 50 million for Flipkart.
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Party Over Profits
Since taking office in 2012, Xi Jinping has prioritized ideological purity, national security, and Communist Party dominance. Additionally, he has insisted on tighter government regulation of the economy.
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