- [[Los Angeles Times]]
- NBC News issues layoff notices to 150
- The reductions come amid drops in ratings and spinoff of group’s cable TV networks.
- THE CUTS amount to 2% of the NBC News Group. Above, the network’s television studios in New York.
- Reality TV show filming in L.A. declines
- Production decreased in the third quarter, but incentive program had yet to kick in.
- KFI cancels talk show as AM radio struggles
- The change appears to be part of a wider restructuring by parent iHeart Media.
- “I GAVE it everything I had,” said longtime host Morris “Mo” O’Kelly.
- This green energy company is leaving California for Texas
- Solar panel firm GAF Energy says it based its decision on better market opportunities.
- WORKERS install solar panels in Kern County. GAF Energy sells roof shingles with built-in solar panels.
- [[USA Today]]
- Women make their mark in beer game
- Two trailblazers are taking on male-dominated industry
- Angela Harris is a quality assurance manager and Caitlyn Moss is a quality assurance technician at Terrapin Brew Company’s beer lab in Athens, Georgia.
- A Terrapin Wake and Bake Stout and Terrapin Hopsecutioner at the Terrapin taproom in Athens, Georgia. A collaboration with local coffee roaster Jittery Joe’s Coffee Wake and Bake has been an Athens favorite for over 20 years.
- Is U.S. economy hitting a slump?
- Depends on what part of country you live in
- Americans seem in no hurry to buy new cell phone
- Americans are holding on to their smartphones longer, surveys suggest.
- [[The New York Times]]
- They Each Own 50 Credit Cards. Should You?
- A growing number of Americans are making thousands by exploiting credit card reward offers.
- Is the Fed Too Confident About Inflation? Some Economists Think So.
- The central bank confronts “no risk-free path” in balancing the risks of a sharp slowdown in the labor market and resurgent price pressures.
- U.S. to Take Control of More Companies to Counter China
- Treasury Secretary Scott Bessent said China’s dominance of rare earths calls for a more assertive American industrial policy.
- [[Wall Street Journal]]
- Banks Signal Resilient Economy
- Walmart Forges Deal With OpenAI To Allow Shopping With ChatGPT
- AI Growth Comes at Staggering Price Tag
- BlackRock AI Group To Buy Data-Center Firm for $20 Billion
- BofA and BNY Sued Over Ties To Epstein
- Blackstone Joins Race To Add to 401(k) Mix
- [[Financial Times]] is a Nikkei-owned company based in the UK.
- Waymo aims for robotaxis in London next year amid new ride-hailing rules
- Waymo, the Alphabet-owned selfdriving car group, plans to launch its robotaxis in London next year, after the British government sped up rules to allow fully driverless services.
- Waymo is likely to follow its US playbook in London by first using human-driven cars
- Can Tesla remain a trillion-dollar company with just two models?
- The US group's market value of $1.4tn, more than 10 times that of BYD, has been built on the promise of extraordinary margins
- Stock trading gives Morgan Stanley a lead over Goldman
- ▸ US bank’s equities revenues rise 35% ▸ Arch-rival overtaken in pivotal field
- Signa’s Benko sentenced to two years in jail over fraud
- René Benko has been sentenced to two years in prison after a court in Innsbruck found the Austrian real estate magnate guilty of insolvency-related fraud.
----- AI Translation -----
[[Los Angeles Times]]
NBC News, 150 layoffs announced
Due to declining ratings and restructuring of the cable TV network.
This round of layoffs represents about 2% of the total NBC News group. The photo above shows the broadcast studio of NBC News located in New York.
Reality TV Filming Decreases in LA
Production decreased during the third quarter, and the state's incentive program has yet to be implemented.
KFI Cancels Talk Show — A Classic of AM Radio
This change appears to be part of a broader restructuring effort by parent company iHeart Media.
“I poured my heart and soul into it,” said longtime host Morris “Mo” O’Kelly.
Green Energy Companies Leaving California for Texas
Solar panel company GAF Energy cited better market opportunities as the reason for moving its headquarters to Texas.
The photo above shows workers installing solar panels in Kern County. GAF Energy sells solar panels integrated into roofing shingles.
[[USA Today]]
Women Making Their Mark in the Beer Industry
Two pioneers challenging the male-dominated industry.
Angela Harris is the quality control manager at Terrapin Brew Company, and Caitlin Moss is a quality control technician. (Athens, Georgia)
Terrapin Brewing's popular beers include 'Wake and Bake Stout' and 'Hopsecutioner'. Their collaboration with local coffee roaster Jittery Joe's Coffee on 'Wake and Bake' has been a favorite for over 20 years.
Is the US Economy Entering a Slowdown?
The experience varies depending on where you live.
Americans Slowing Down on New Phone Purchases
Recent surveys indicate that Americans are extending their smartphone replacement cycles.
[[New York Times]]
“People with 50 Credit Cards” — Should You Be Doing That Too?
More and more Americans are earning thousands of dollars by utilizing credit card rewards programs.
Is the Fed Too Confident About Inflation?
Some economists warn that the central bank faces a "no-win situation" between slowing the economy and the risk of rising prices.
US Plans More Controls on Companies to Counter China
Treasury Secretary Scott Bentsen said that a more aggressive industrial policy is needed to counter China's dominance in rare earth elements.
[[Wall Street Journal]]
Banks Signal "U.S. Economy Still Strong"
Consumer spending and transactions are showing strength, but skeptics still raise concerns.
🔗 https://www.wsj.com/finance/banking/the-nations-biggest-banks-are-saying-the-economy-is-still-strong-689a0d63
Walmart Teams Up With OpenAI — ChatGPT to Enable Shopping
ChatGPT will allow users to order most Walmart products, excluding fresh food.
🔗 https://www.wsj.com/business/retail/chatgpt-walmart-shopping-3e411e83
AI Growth Comes With Hefty Costs
The profitability of the AI industry remains uncertain, with demand identified as a key variable.
🔗 https://www.wsj.com/articles/ai-economics-are-brutal-demand-is-the-variable-to-watch-3c12c165
BlackRock AI Group to Acquire Data Center Company for $20 Billion
Aligned operates or develops approximately 50 campuses with a total capacity of 5GW across North America.
🔗 https://www.wsj.com/finance/investing/blackrocks-ai-consortium-to-buy-aligned-data-centers-in-40-billion-deal-b3637f9b
BofA and BNY Sued Over Epstein Ties
🔗 https://www.wsj.com/finance/banking/bank-of-america-sued-over-jeffrey-epstein-ties-f39eefe2
Blackstone Enters 401(k) Market Competition
Move to include private assets in retirement portfolios.
🔗 https://www.wsj.com/finance/investing/blackstone-joins-race-to-bring-private-assets-to-401-k-market-9401bbe4
[[Financial Times]] (UK, owned by Nikkei)
Waymo to Launch Robotaxi Service in London Next Year — Aligning With New Ride-Sharing Regulations
Alphabet (Google parent) subsidiary Waymo plans to launch a robotaxi service in London next year.
The move follows the UK government's acceleration of regulations allowing fully autonomous ride-sharing services.
Waymo is expected to initially operate alongside human drivers, similar to its approach in the US.
Can Tesla Maintain "Trillion-Dollar Company" Status With Just Two Models?
BYD's market capitalization (1.4 trillion dollars) exceeding 10 times that of Tesla is based on high expected profitability, but the limited product lineup is cited as a risk factor.
Morgan Stanley Overtakes Goldman Sachs in Stock Trading
US bank stock revenue increased by 35%, overtaking its long-time rival in a key area.
Austrian Tycoon René Benko Sentenced to Two Years for Fraud
Real estate tycoon René Benko, found guilty of fraud related to bankruptcy, was sentenced to two years in prison by the Innsbruck court.
