Monthly Archives: September 2023

Britain’s Economy Displays Signs of Recession Following Pause in Rate Hikes

Posted on September 25, 2023 by flpbaruchnewsletter

The Bank of England conducted a business survey which revealed that companies endured a brutal September. The UK S&P Global Purchasing Managers’ Index (PMI) for the services sector fell to the lowest reading since the COVID lockdown of January 21 … Continue reading →

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Jobless Claims Reach Eight-Month Low Depicting a Tight Labor Market

Posted on September 25, 2023 by flpbaruchnewsletter

The Bureau of Labor Statistics announced that jobless claims decreased 20,000 to 201,000 for the week ended September 16. This signifies that less Americans are applying for unemployment benefits. A tight labor market is particularly concerning for the Fed as … Continue reading →

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Euro Zone Economy Set to Contract for Third-Quarter 2023

Posted on September 25, 2023 by flpbaruchnewsletter

The euro zone economy is likely to retract this quarter as a result of central banks’ extended campaign of interest rate hikes. Although interest rates may have reached a peak in the region, central banks have demonstrated that they will … Continue reading →

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General Mills Beats First Quarter Estimates

Posted on September 25, 2023 by flpbaruchnewsletter

General Mills reported a 4% increase in quarterly revenue since inflated prices in their food products helped offset previous slowing demand. The higher prices have also helped offset increased overhead costs which have been cutting into their bottom line. Sales … Continue reading →

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US Interest Rates Remained Unchanged 

Posted on September 25, 2023 by flpbaruchnewsletter

The Federal Reserve maintained outstanding interest rate levels following the September FOMC meeting. The Fed specified that a majority of FOMC voting members indicate that there is at least one more rate hike this year. This aforementioned rate hike may … Continue reading →

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Amazon Is Introducing Ads in Their Prime Video Streaming Service

Posted on September 25, 2023 by flpbaruchnewsletter

Amazon intends to introduce advertising within its Prime Video platform for U.S. viewers in early 2024, to bolster revenue amid losses in streaming. Prime Video has held out as one of the last major streamers to introduce ad-supported options, following Netflix … Continue reading →

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Microsoft-Activision Acquisition Receives Preliminary Approval From CMA

Posted on September 25, 2023 by flpbaruchnewsletter

U.K. Competition and Markets Authority (CMA) officials reported in a preliminary decision that Microsoft’s restructuring of the Activision acquisition greatly relieved anti-trust concerns. When Microsoft first announced the deal, the CMA blocked it due to concerns over Microsoft having too … Continue reading →

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Cisco To Acquire Splunk For $28bn

Posted on September 25, 2023 by flpbaruchnewsletter

Cisco Systems is set to buy Splunk, a prominent analytics and security software company, in a $28 billion deal to bolster its AI presence and expand Cisco’s software offerings. Cisco will pay $157 per share in cash for Splunk, a … Continue reading →

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Cyberattacks Target Casinos

Posted on September 18, 2023 by flpbaruchnewsletter

Caesars Entertainment and MGM Resorts were hacked, targeting bettor’s personal information. MGM shut down their online betting machines and managed operations manually, while Caesars paid approximately $15 million in a ransom request. Hackers claim to have 6 terabytes of personal … Continue reading →

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TikTok Ventures into E-Commerce

Posted on September 18, 2023 by flpbaruchnewsletter

TikTok is looking to diversify its revenue streams. TikTok’s 150 million US users will now have access to buy products from their favorite creators without leaving the app. TikTok previously found success in Asia by integrating the live stream feature … Continue reading →

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