Blog #Business Trends

A not so encouraging jobs report put the cherry on top of a brutal opening week to September for investors Friday, as stocks stumbled to easily their worst week of an otherwise green 2024.

US stock futures fell as traders braced for jobs data that will be critical in determining the health of the US economy and the size of a Federal Reserve interest rate cut later this month.

President Joe Biden will soon block Japan-based Nippon Steel’s planned $14.9 billion takeover of U.S. Steel, according to multiple outlets, sending the 123-year-old American company’s stock reeling more than 20% to a low not seen since last year.

The retail giants have proposed the biggest supermarket merger in U.S. history. On Monday, the court fight to block it is set to begin.

Stock traders gearing up for Federal Reserve rate cuts sent tech megacaps sinking, with Wall Street also awaiting Nvidia Corp.’s results this week.

Pixar’s “Inside Out 2”—the top-grossing movie of 2024—continues to break records: In its eleventh weekend in theaters it became the first animated movie ever to gross more than $1 billion at the international box office alone, multiple outlets reported.

New Starbucks CEO Brian Niccol won’t be a constant presence at its Seattle headquarters where he takes the helm next month. Instead, he’s going to commute weekly from his California home.

With the possible exception of gold, no other metal has caused as much destruction as copper. In the coming years, we’ll need more of it than ever.