November 26, 2024
Business - 11/26
๐Ÿ•ต๏ธโ€โ™‚๏ธ Macy's Employee Conceals $154M Expenses, ๐Ÿ‡บ๐Ÿ‡ธ Trump Plans Tariffs on Imports...
๐Ÿ•ต๏ธโ€โ™‚๏ธ Macy's Employee Conceals $154M Expenses An investigation revealed a Macy's employee concealed up to $154 million in expenses, delaying earnings reports. ๐Ÿ‡บ๐Ÿ‡ธ Trump Plans Tariffs on Imports Trump intends to impose a 25% tariff on Canadian and Mexican imports and 10% on Chinese goods, raising potential supply chain disruptions. ๐ŸŽต Global Music Revenue Hits $45.5B Global music revenue hit $45.5 billion last year, driven largely by digital platform growth, surpassing the pre-pandemic film box office peak. ๐Ÿ“ˆ SandP 500, Dow Reach Record Highs The S&P 500, Dow, and Russell 2000 indices each hit record highs, with the Russell 2000 reaching its first record in over three years. ๐Ÿ“‰ Big Tech Stocks Decline Monday The stock market rally did not include Big Tech on Monday, with Nvidia and Tesla shares experiencing significant declines. ๐Ÿ’ฐ MicroStrategy Stock Falls After Bitcoin Buy MicroStrategy's stock fell as the company spent $5.4 billion to increase its bitcoin holdings. ๐ŸŒพ West Texas Land Value Soars $40B A massive landowner in West Texas has seen its value rise to $40 billion, largely benefiting from advancements in AI. ๐ŸŽฎ Sony Developing Handheld PS5 Console Sony is reportedly developing a handheld PlayStation 5, aiming to compete with Nintendo's successful Switch console. ๐Ÿ—๏ธ Construction Industry Grows with Investments The construction industry is experiencing growth with significant federal investments in infrastructure and manufacturing. ๐Ÿ“Š Bath and Body Works Stock Soars Bath & Body Works' stock rose 16.5% following an increase in its sales forecast due to high holiday demand. ๐ŸŽฌ Strong Openings for Wicked, Gladiator II The North American box office saw strong openings with โ€œWickedโ€ and โ€œGladiator IIโ€ earning substantial ticket sales. ๐Ÿ“ฃ Amazon Workers Plan Black Friday Strikes Amazon workers in over 20 countries plan to strike during Black Friday, advocating for better wages and climate policies.
Upgrade your mornings now