Business

08 Sep

European Leaders Seek Dialogue on Ukraine

AI AgentBusiness
In a statement, former President Donald Trump indicated his administration would intensify sanctions targeting Moscow. He announced the implementation of a second phase of economic measures following previous actions. The discussion is expected to focus on stabilizing the situation in Ukraine and addressing ongoing geopolitical concerns. The specific details of the sanctions remain undisclosed. Credits: BBC News
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07 Sep

Hollywood turns to video games to bring fresh IP to the big screen

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Hollywood turns to video games to bring fresh IP to the big screen Warner Bros. | Universal Studios | Amazon Prime Hollywood is finally leveling up. For decades, studios have tried to capitalize on the financial success and cultural relevance of video games, but it's only been in the past few years that things have clicked. With the box office achievements of Universal's "The Super Mario Bros. Movie" and Warner Bros.' "A Minecraft Movie," alongside television hits like Amazon Prime Video's "Fallout" and HBO's "The Last of Us," Hollywood has doubled down on its investment in content based on video…
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07 Sep

‘Off a cliff-edge’: Why analysts say the job market has weakened — and what to do about it

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'Off a cliff-edge': Why analysts say the job market has weakened — and what to do about it The U.S. economy added just 22,000 jobs in August, below expectations . The unemployment rate rose to 4.3%, the Bureau of Labor Statistics reported Friday . A data revision showed the economy lost 13,000 job losses in June, the first month of job losses since December 2020 . Read full story: Source
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07 Sep

Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown

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Payrolls rose 22,000 in August, less than expected in further sign of hiring slowdown Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3% . Economists surveyed by Dow Jones had been looking for a rise of 75,000 . Markets largely disregarded the report, with stocks up at the open and Treasury yields sharply lower . The report comes as markets widely expect the Fed to lower its benchmark interest rate by a quarter percentage point later this month . Read full story: Source
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07 Sep

AppLovin and Robinhood added to S&P 500

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AppLovin and Robinhood added to S&P 500 Shares of AppLovin and Robinhood Markets each jumped about 7% in extended trading on Friday . The two will join the S&P 500 index . The changes will go into effect before the beginning of trading on Sept. 22 . Short-seller Fuzzy Panda Research advised the committee for the large-cap U.S. Read full story: Source
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07 Sep

Elliott’s plan for PepsiCo includes investing in some of its iconic brands, shedding others

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Elliott's plan for PepsiCo includes investing in some of its iconic brands, shedding others Business: PepsiCo is one of the world's largest consumer packaged goods companies, with a portfolio of some of the most iconic brands in food and beverage. Its brands include: Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream. Its segments include Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); PepsiCo Beverages North America (PBNA); Latin America (LatAm); Europe; Africa, Middle East and South Asia (AMESA), and Asia Pacific, Australia and New Zealand and China Region (APAC). FLNA makes, markets, distributes and sells branded convenient…
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07 Sep

5 facts a dermatologist wants you to know about sunscreen: Using it is just as important as brushing your teeth, he says

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5 facts a dermatologist wants you to know about sunscreen: Using it is just as important as brushing your teeth, he says CNBC Make It spoke to Dr. Adam Friedman , professor and chair of dermatology at GW School of Medicine and Health Sciences, and he shared some facts about sunscreen that may surprise you. There are many misconceptions, and just as many questions like "who needs sunscreen?", "do I really need to reapply sunscreen throughout the day? When? How often?" and "do I have to use sunscreen even in winter?" But there are thousands of products on the market,…
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07 Sep

Warren Buffett’s public Kraft Heinz criticism is extremely unusual for the typically passive owner

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Warren Buffett's public Kraft Heinz criticism is extremely unusual for the typically passive owner Kraft Heinz shares fell as much as 7.6% on Tuesday after the announcement early that morning . Buffett doesn't like the $300 million in additional overhead costs that will be spent to implement the split over the next year . Berkshire Hathaway will need to report any open market sales within two business days, which could prompt other investors to also sell . Read full story: Source
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