Daily Shocker Recap of Today Business News September 20, 2023

Daily Shocker Recap of Today Business News September 20, 2023

Rate-payers and -borrowers can breathe a sigh of relief today, as the Federal Reserve is widely expected to postpone any additional rate hikes. The Fed, however, has no current plans to cut interest rates.

Since 2008, recruiting for and planning for Christmas has dropped in the retail sector. An outplacement firm called Challenger; Grey & Christmas predicts that only 410,000 seasonal retail jobs will be created in the United States this holiday season. This low level of seasonal hiring has not been seen since 2008.

Customers will have to pay a greater price due to the market’s increasing demand for current oil. Already sky-high gas costs are expected to climb even higher.

As with other recent stock market debuts, shares of grocery delivery startup Instacart (CART.O) fell by 5% on Wednesday. This follows a trend in which many companies have failed to retain the significant gains they achieved when they initially went public. Shares of firms like Arm and RayzeBio (RYZB.O) have dropped from their highs as investors become more worried about inflation and rising interest rates.

H&M’s ribbed tanks and mock turtlenecks in the United Kingdom now cost £2.50 ($3.50) to return in-store or online. The Swedish firm plans to increase return requirements worldwide.

With the use of AI and ML, Xbox could be released in 2028. A leak speculated about the next generation of video game consoles, desktop computers, and mobile gadgets.

Katy Perry’s contract with Litmus Music is reportedly worth $225 million, according to multiple sources. The deal, which was announced on Monday, includes all five of Perry’s studio albums for Capitol Records. One of the Boys (2008) all the way until Smile (2020) are represented here.

Soon, Warner Bros. Discovery’s Max streaming service will provide a live-sports premium including MLB, NHL, and NBA coverage. Streaming platforms like YouTube, Amazon, Apple, and others have added sports programming to lure in new customers.

Seasonal workers are needed at Amazon in large numbers. The online store has announced the hiring of 250,000 more people to work in distribution centers and make deliveries throughout the holiday season. That’s more than the 150,000 jobs Amazon promised during Thanksgiving weekend in 2016.

For millions in “misappropriated funds,” FTX filed suit against Sam Bankman-Fried’s parents, alleging that they had benefited themselves at the expense of FTX’s creditors.

Bard, Google’s chatbot, can now access your local files to find the answers you need. The latest version of the generative AI tool is able to look through your Gmail, docs, and drive for the data you need. In the past, it could only glean information from online sources. Google has told privacy-conscious users that it will not use their information to train Bard’s public model, and human reviewers will not have access to it either.

Walmart is opening a pet services hub in an effort to become the community’s one-stop shop for everything from food to veterinary care. On Wednesday, the company will launch its first location of its kind in the Dallas, Georgia area, which is about 30 miles northwest of Atlanta.

Former Republican Indiana Representative Stephen Buyer was sentenced to 22 months in prison for insider trading, the U.S. District Attorney for the Southern District of New York announced on Tuesday.

Kraft Heinz is recalling 83,800 cases of individually wrapped Kraft Singles American processed cheese slices due to a potential manufacturing fault that could lead to the plastic film clinging to the cheese and posing a choking danger.

On Tuesday, Pinterest’s executives said they expect the company’s revenue growth rate to accelerate from 2022 through 2023, which sent the stock up as much as 5% before closing up 3%.

WhatsApp, which is owned by Meta, announced on Wednesday that it would begin accepting credit card payments within the app and would work with other digital payment companies in India.

Travel + Leisure Co. (NYSE:TNL), the leading membership and leisure travel company in the world, and Sports Hospitality Ventures, LLC, the hotel and resorts licensee for the Sports Illustrated brand in North America and the Caribbean, have introduced a new concept for a network of future sports-themed resort and lifestyle complexes.

On Tuesday, a federal judge sided with food delivery services including DoorDash (DASH.N), Grubhub (TKWY.AS), and Uber Eats (UBER.N) in their appeal to a New York City ordinance that caps the fees these companies can charge restaurants for their services.

Investments in Darden Restaurants (DRI), Flux Power Holdings (FLUX), and Scholastic (SCHL) reporting on September 21, 2023.

DYNT and NTWK are two stocks to watch on September 22, 2023.

Stocks to watch with positive momentum this week and Buy Rating:

Sundial (SNDL), Tesla (TSLA), Groupon (GRPN), Chase Bank (JPM), Microsoft (MSFT)GOOGLeBay, Apple (AAPL), Pay Pal (PYPL)UBS, Walmart (WMT), Amazon (AMZN), Facebook (META), FED EX (FDX), UPS (UPS)

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