Markets

TikTok contributes $24 billion to the U.S. GDP and 224,000 American jobs.

Here’s where shoppers can expect price increases at the grocery store.

Purchases come as Berkshire reduces its stake in Apple and Bank of America.

A Trump presidency is expected to unlock M&A activity; pharmaceuticals appear poised for a significant resurgence.

The crypto industry spent $135 million on the election. It paid off.

How a Trump presidency could impact the European auto, defense, and clean energy sectors.

Luckin blew past Starbucks in China; now it’s coming to the U.S.

Steep market prices have contributed to Buffett’s reservations.

High prices, high mortgage rates, and high insurance have completely collapsed the market.

33,000 Boeing machinists voted against a new labor deal.

Chinese carmakers are beating them on technology.

Abu Dhabi’s DCT will fund the construction and pay the Sphere a franchise fee.

The disaster-restoration industry is forecasted to grow from $70Bn this year to $92Bn by 2029.

The elderly caregiving crisis is an economic problem.

Starbucks and coffee chains could see a sales bump from the return-to-office mandates.

Eli Lilly and Novo Nordisk are slashing prices to encourage more health plans to cover the medicine.

The expansion of autonomous vehicles (AVs) severely threatens Uber’s business model.

China dominates manufacturing—so why are thousands of Chinese manufacturers going out of business?

Battery-related fires from EVs can require 45x the water needed for a gas-powered car to be extinguished.

A new threat to Ozempic and Wegovy emerges…

Is $6 for a bag of potato chips enough?

The looming legal battle between publishers and AI startups.

Wayfair and others with global sourcing exposure could be the most at risk. ‌

Apple finally gives customers a reason to upgrade their old phones.

After years of chasing revenue and subscriber growth, streaming services plan to increase prices and demonstrate to investors they can turn a profit.

Thrifting is booming, but companies specializing in secondhand apparel are struggling to grow alongside the overall market.

Video sites with stolen content attracted 141 billion visits in 2023.

Novo Nordisk faces fierce competition with cheaper China-made versions of its popular weight loss drugs.

In 2023, Abercrombie & Fitch’s stock gained 285%, outpacing Nvidia’s 239% surge.

Last Thursday, the FDA reversed its ban on JUUL products; some consumers are already helping them market the product.

A small, concentrated number of creators have all the audience and earnings within the creator class.

Analysts predict Ozempic and other weight loss drugs will have ripples across many industries.

Consumers are fed up with Chipotle’s portion shrinkage, but the company’s financials show strong customer loyalty.

An American woman and a Ukrainian man were arrested for helping North Korean IT workers infiltrate 300 American companies.

A new survey shows some consumers are spending less on eating out at restaurants and ordering takeout.

More women are working construction jobs as the national shortage of 500K construction workers forces the industry to recruit different populations.

Chipotle, Taco Bell, and Burger King have marked up prices since California’s $20 minimum wage for fast-food chains went into effect.

Luxury real estate sales increased more than 2% in the first quarter of 2024 – its largest year-over-year gain in three years.

Taxpayers are on the hook for an estimated $6.2 billion in subsidies to fund private school education.

Target alone has seen $300 million stolen from customers due to card draining.

By the end of the year, China is expected to overtake Germany as the second-largest annual passenger car exporter.

The collapse of the Baltimore Bridge will have significant ramifications for the local economy and global supply chain.

A look at how Russia is acquiring Apple inventory.

Cocoa prices have doubled since the start of the year. What else is at risk?

A look at the factors contributing to America’s long-term labor crisis.

There is a growing list of willing sellers in the waste and recycling industry.

An exemption could finally allow McDonald’s franchisees to fix the ice cream machines.

Luxury brands bounced back after an underwhelming start to 2023, during which many questioned their resilience in the face of economic uncertainty.

Pharma ramps up lobby group spending as lawmakers and the FTC investigate the role of PBMs in rising healthcare costs.

Indonesia’s nickel pricing power could increase the total cost for U.S. consumers when purchasing an electric vehicle.

Tinder, Bumble, and other dating apps post weak financial results as online dating loses steam.

Roughly 50 percent of the $60Bn+ cannabis market in the U.S. remains illegal.

How valuable is your genetics?

Abercrombie & Fitch stock is up 318% in the last year, and many credit their emphasis on AI and tech to drive growth.

Will US corporations ignore 1.4 billion people?