Musk uses vulgar language to abuse X’s advertisers – “I fear it will put the company out of business” – Bloomberg

2023-11-30 01:02:17 Elon Musk, the billionaire owner of the social media site X (formerly Twitter), used vulgar language on the 29th to insult an advertiser who had stopped running an ad because he had endorsed an anti-Semitic post. “You’re killing the company. The whole world is going to know that advertisers killed the company. Go … Read more

Princess problem plaguing Disney, latest movie “Wish” doesn’t come true – Bloomberg

2023-11-29 17:02:00 Walt Disney’s latest film, “Wish,” was supposed to be a celebration of the company’s 100th anniversary, which brought us popular animated princess films such as “Sleeping Beauty” and “Cinderella.” However, box office sales over the Thanksgiving weekend were only half of what was expected. Following in the footsteps of Marvel and Lucasfilm, Disney’s … Read more

The Future of the Democratic Party: Can Biden’s Potential Re-Election Overcome Age Concerns?

2023-11-29 17:12:00 If US President Biden seeks a second term, he risks tarnishing his political reputation, billionaire Bill Ackman said. He revealed that he is interested in Congressman Phillips, who has announced his name in the race for the Democratic presidential nomination. Ackman, 57, who founded the U.S. investment firm Pershing Square Capital Management, told … Read more

U.S. GDP revised upward to 5.2% for July-September period – the highest growth in about two years – Bloomberg

2023-11-29 13:36:51 The revised U.S. real gross domestic product (GDP) for the July-September period (third quarter) has been revised upward from preliminary figures, marking the highest growth rate in about two years. This reflects upward revisions to capital investment and government spending. Key Points Revised U.S. real gross domestic product (GDP) increased at an annual … Read more

US consumer confidence index rises for the first time in four months in November as expectations index improves – Bloomberg

2023-11-28 15:09:00 The US Consumer Confidence Index for November, released by the Conference Board, a US private research organization, rose for the first time in four months. This was due to increased optimism regarding the outlook for the labor market. Key points U.S. consumer confidence index rises to 102 Median market forecast is 101 Revised … Read more

U.S. stock rally shows signs of running out of breath; futures are already a bit bearish – City – Bloomberg

2023-11-28 12:48:09 The market that led the S&P 500 to one of its best November gains in 100 years is running out of steam. A Citigroup strategist expressed this view. Futures flows have been “mixed” over the past week, with the net position in S&P 500 futures “moderately bearish,” according to Chris Montague’s team. The … Read more