December 3, 2024
Business
🛍️ TikTok Shop Hits $100M Black Friday Sales, 🚫 Elon Musk's $56B Tesla Package Revoked ...
🛍️ TikTok Shop Hits $100M Black Friday Sales TikTok Shop gained $100 million in sales on Black Friday, setting itself up as a potential Amazon competitor in e-commerce. 🚫 Elon Musk's $56B Tesla Package Revoked A ruling to rescind Elon Musk’s $56 billion Tesla pay package was upheld, marking a significant decision in corporate governance. 💼 Intel CEO Retires Amidst Pressure Intel CEO Pat Gelsinger announced his retirement amid pressure due to the company's failure to regain market share in the chip industry. 🔍 Apple Faces Lawsuit Over Employee Surveillance Apple employees have accused the company of surveilling them, leading to a new lawsuit against the tech giant. 🚗 Jaguar Unveils All-Electric Type 00 Concept Jaguar unveiled its all-electric concept car, the Type 00, during Miami Art Week, showing its commitment to electric vehicles. 📈 Tech Stocks Propel Market to New Highs Tech stocks, including Tesla, Meta, and Apple, led the S&P 500 and Nasdaq to new record highs in December. 🏭 US Manufacturing Activity Sees Recovery US manufacturing activity showed signs of recovery with the ISM Manufacturing PMI reaching its highest since June 2024. 💰 Tech Companies Set to Release Earnings Salesforce, Okta, Box, Marvell, and Pure Storage are set to release quarterly earnings. 🔍 Super Micro Review Clears Misconduct Super Micro's independent review found no misconduct as they continue to search for a new CFO. 🛒 BlackRock Buys HPS for $12 Billion BlackRock is expanding its private-market business with a $12 billion acquisition of HPS Investment Partners. 📊 Dow Futures Steady; Rate Cut Anticipated Dow futures remain steady while investors anticipate a potential December rate cut by the Federal Reserve. 🔝 S&P 500 Records 54th High in 2024 The S&P 500 achieved its 54th record close in 2024 after a strong month. 💸 Thanksgiving Online Sales Up 9% Consumers spent $6.1 billion online on Thanksgiving, showing a 9% increase from the previous year.
Upgrade your mornings now