Tag Archives: shocking

US economy adds 216,000 jobs, shocking Wall Street

US economy adds 216,000 jobs, shocking Wall Street

The US economy ended 2023 on a high note. The labor market added 216,000 jobs in the month of December, up from 173,000 the previous month, surprising Wall Street once again to close out 2023. Economists surveyed by Bloomberg had expected 175,000. Data from the Bureau of Labor Statistics released on Friday showed the unemployment rate was 3.7% for the month, flat from the rate seen in November. Economists had expected the unemployment rate to tick higher to 3.8%. Investors were closely… Source link

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Riots break out in Belgium after shocking loss to Morocco

Riots break out in Belgium after shocking loss to Morocco

Belgium’s loss to Morocco on Sunday didn’t go over well at home. Riots broke out in several cities in Belgium and the Netherlands on Sunday night following Belgium’s 2-0 defeat to Morocco at the World Cup in Qatar. About a dozen people were detained by police in Brussels, who used water cannons and tear gas to disperse crowds, according to The Associated Press. Eight people were detained in Antwerp, and two police officials were injured in Rotterdam after soccer fans allegedly “pelted… Source link

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Riots break out in Belgium after shocking loss to Morocco

Riots break out in Belgium after shocking loss to Morocco

Belgium’s loss to Morocco on Sunday didn’t go over well at home. Riots broke out in several cities in Belgium and the Netherlands on Sunday night following Belgium’s 2-0 defeat to Morocco at the World Cup in Qatar. About a dozen people were detained by police in Brussels, who used water cannons and tear gas to disperse crowds, according to The Associated Press. Eight people were detained in Antwerp, and two police officials were injured in Rotterdam after soccer fans allegedly “pelted… Source link

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Bob Iger returns as Disney CEO in shocking upheaval

Bob Iger returns as Disney CEO in shocking upheaval

What’s old is new again at Disney (DIS) — Bob Iger is officially back as CEO. In a shocking turn of events, the media giant announced late Sunday that Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Iger spent more than four decades at Disney, including 15 years as its CEO. According to the company, Iger will serve as CEO for two years, with a… Source link

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Bob Iger returns as Disney CEO in shocking upheaval

Bob Iger returns as Disney CEO in shocking upheaval

What’s old is new again at Disney (DIS): Bob Iger is officially back as CEO. In a shocking turn of events, the media giant announced late Sunday that Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Iger spent more than four decades at Disney, including 15 years as CEO. According to the company, Iger will serve as CEO for two years, with a mandate… Source link

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The crypto market has now lost $2 trillion in value. Here are 5 shocking facts from crypto’s Black Monday

The crypto market has now lost $2 trillion in value. Here are 5 shocking facts from crypto’s Black Monday

Investors had nowhere to hide on Monday as both the stock market and cryptocurrencies tumbled. The rout followed yet another report of high inflation on Friday that has investors concerned the Federal Reserve will continue its aggressive interest rate hikes, thereby increasing the odds of a U.S. recession. The cryptocurrency market saw its total market cap drop by roughly 12% on Monday to just $980 billion. The sector as a whole has now seen more than $2 trillion in losses since its November… Source link

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What Wall Street is saying about May’s shocking inflation report

What Wall Street is saying about May’s shocking inflation report

Inflation continued to surge in May, increasing at the quickest pace in 40 years as consumers face rising challenges at the gas station and grocery store. The Consumer Price Index (CPI) published Friday by the Bureau of Labor Statistics rose 8.6% from a year ago, up from April’s reading of 8.3% and higher than economists had projected. Federal Reserve policymakers tasked with bringing prices back down to earth are likely to take cues from May’s CPI report on how aggressively they need to… Source link

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Yahoo Is in a ‘Shocking’ State of Disarray

Yahoo Is in a ‘Shocking’ State of Disarray

This reporting appears as one of several scoops featured in this week’s edition of Source Material, the media newsletter that pulls back the curtain to reveal what’s really going on inside the world’s most powerful navel-gazing industry. Subscribe here and send your questions, tips, and complaints here. Once an icon of the early internet, Yahoo is now an abandoned dumpster fire—to put it lightly—multiple insiders conveyed to Source Material. Apollo Global Management, which purchased… Source link

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