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Because of COVID, Avian flu, supply chain issues, worker shortages, droughts, inflation and rising costs of feed and fuel, the price of beef, pork, and chicken has risen dramatically in the past three years and Americans are buying less. Shares of Tyson Foods closed today at 61.08, a drop of 2.95 (4.61%). Earnings have fallen 70% in the past year.
Tyson Foods falls after earnings tumble as inflation-weary customers are buying less meat
https://markets.businessinsider.com/...uy-meat-2023-2
Everyone in a specific theater is watching the same movie on the same screen – but at AMC theaters, moviegoers will soon be paying different prices depending on where they sit, just as they do now at ballparks, sports arenas and playhouses.
AMC Theaters is changing its ticket-pricing
https://www.cnn.com/2023/02/06/busin...ces/index.html
Worldwide, sales of Dell computers were down 37% in the fourth quarter of 2022 compared with the fourth quarter of 2021. Sales of HP, Apple and Lenovo computers also declined – but not as much as Dell.
Dell to lay off more than 6,500 employees
https://www.cnn.com/2023/02/06/tech/...ffs/index.html
Netflix was founded in 1997 in Scotts Valley, California, and now has 231,000,000 subscribers worldwide. Shares of Netflix closed today at 366.83, a gain of 3.88 (1.07%).
Netflix confirms it will start charging users to share an account with others outside their home
https://www.nbcnews.com/business/con...sers-rcna69790
Gasoline prices here in California reached a record high of $6.43 in June 2022. We helped the oil companies achieve those "outrageous" profits.
ExxonMobil, Shell lead Big Oil's $221 billion profit binge that Biden has slammed as 'outrageous'
Oil majors posted record profits for 2022, benefiting from the energy-market turmoil triggered by Russia's invasion of Ukraine.
https://markets.businessinsider.com/...rageous-2023-2
Americans have been complaining about the high cost of gasoline, housing, healthcare, eggs and meat – and then gambled away a record amount at casinos in 2022. Go figure!
U.S. casinos top $60 billion in revenue in 2022, their best year ever
https://www.aol.com/finance/us-casin...205516380.html
As if we needed any more reasons to not trust self-driving cars.......
Tesla recalling more than 360,000 cars over potential crash risk
The cars are equipped with Full Self-Driving Beta software.
https://abcnews.go.com/Business/tesl...ry?id=97261475
Our population is just under 340,000,000. This $16,900,000,000,000 debt works out to $49,705 for every man, woman and child in the United States!
Household debt hit record $16.9 trillion last quarter, as consumers loaded up their credit cards
https://www.cnn.com/2023/02/16/econo...fourth-quarter
Is Mike Wilson's prediction realistic – or overly pessimistic? I'm going with "overly pessimistic."
US stocks are in the 'death zone' and S&P could crash 26% within months, Morgan Stanley's top strategist says
https://markets.businessinsider.com/...-wilson-2023-2
Among the many television series filmed at Radford Studio Center are Gunsmoke, Rawhide, Seinfeld, Leave It To Beaver, Gilligan's Island, My Three Sons, American Gladiators, Designing Women, Will & Grace, Lou Grant, Hill Street Blues, The Rifleman, The Big Valley, The Bob Newhart Show and The Mary Tyler Moore Show.
$1-billion revamp to bring new offices and soundstages to Radford Studio Center
https://la.urbanize.city/post/1-bill...-studio-center
Nissan is aware of the problem but hasn't come up with a way to fix it. Shares of Nissan Motor Co. closed today at 7.82, a drop of 0.05 (0.64%).
Nissan recalling more than 700,000 SUVs that can be accidentally shut off while driving
https://www.cnn.com/2023/02/28/busin...all/index.html
Toy collector Mike Becker founded Funko in 1998 in Snohomish, Washington. The company, which makes bobblehead dolls and vinyl figurines, is now headquartered in Everett. Thirty million dollars' worth of those figurines are being thrown away. It would be nice in Funko donated them to schools and charities but business executives don't think of such things.
$30 million worth of Funko Pop figurines headed to the dump as company looks to purge excess inventory
https://www.msn.com/en-us/money/comp...ry/ar-AA18dAB2
Yeah, I can see where this might be a problem.
U.S. probing Tesla over steering wheels that might fall off
https://www.cbsnews.com/news/tesla-s...investigation/
Silicon Valley Bank was founded in 1983 in San Jose, California. With 29 offices and $209 billion in assets, it was the 16th largest bank in the United States. Silicon Valley Bank also had offices in London, Bangalore, Beijing, Shanghai, Hong Kong, Stockholm, Copenhagen and Tel Aviv.
Silicon Valley Bank collapses after failing to raise capital
https://www.cnn.com/2023/03/10/inves...ank/index.html
Etsy, founded in 2005 in Brooklyn, is an online marketplace featuring handmade or vintage items and craft supplies. Etsy collects a 6.5% fee on the purchase price of every item sold. The sellers retain 91.5%. Right now those sellers may have to wait a while to get their money.
Etsy warns sellers of delay in processing payments due to Silicon Valley Bank collapse
https://www.nbcnews.com/business/bus...apse-rcna74475
According to the Bloomberg Billionaires Index, Meta CEO Mark Zuckerberg's net worth is now $66,900,000,000. He is the 14th-richest person in the world. He says making these cuts will be "tough." Yeah, I bet!
Facebook parent Meta to slash another 10,000 jobs
The company will also not fill 5,000 open positions as the social media pioneer cuts costs.
https://www.huffpost.com/entry/meta-...b0bc5cb64c9fe8
Credit Suisse Bank (Schweizerische Kreditanstalt) was founded in 1856 to fund the development of Switzerland's rail system and helped fund the creation of Switzerland's electrical grid in the 1870s-80s. Credit Suisse now has 152 branches worldwide. The embattled bank is being purchased by UBS – originally Union Bank of Switzerland.
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
https://www.cnbc.com/2023/03/19/ubs-...ng-system.html
CEO Andy Jassy says Amazon will be "leaner." I think he meant to say "meaner."
Amazon is laying off another 9,000 employees.
That's on top of the 18,000 job cuts announced earlier this year.
https://www.businessinsider.com/amaz...ob-jobs-2023-3
Five years ago there were 1,350 Bed Bath & Beyond stores in the United States and Canada. After this year's closures, the chain will have only 360 stores. Shares of Bed Bath & Beyond closed today at 0.82, 5¢ above their all-time low.
Bed Bath & Beyond is closing hundreds of stores – but they won’t be empty for long
CNN, Mar 21 2023 6:45 AM EDT
Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing 400 stores as it tries to stave off bankruptcy. Already, chains including TJ Maxx, HomeGoods and Ross have scooped up the vacant stores. Burlington, Five Below, Nordstrom Rack and budget gym Planet Fitness may also fill up the spaces, say retail landlords and real estate analysts. Bed Bath & Beyond’s real estate is a precious, scarce resource for retailers, gyms and anyone else who needs ample space. There’s been little new retail development since the 2008 financial crisis and the rise of online shopping, and vacancy rates are at historic lows.
https://www.cnn.com/2023/03/21/busin...ate/index.html
Caleb Bradham, a North Carolina pharmacist, created a cola-flavored soft drink in 1893 and named it Brad's Drink. It was renamed Pepsi-Cola in 1898 and shortened to Pepsi in 1961. Worldwide, Pepsi is now the third-best-selling soft drink behind Coca-Cola and Diet Coke.
Pepsi has a new logo
https://www.cnn.com/2023/03/28/busin...ogo/index.html