The new trend to hit streaming is sports "Companion-Content." This companion content is all about traditional streamers like Netflix, Apple and Hulu teaming up with pro sports to bring about new series and docs. The fight for streaming supremacy is only getting more intense. Amazon is teaming up with
well-known high school basketball league Overtime Elite, the NFL and SkyDance Media are patterning up and more collaborations are sure to be on the way. The rights to sports broadcasting here in the US surpassed $21B this year.
Twitter, Amazon, and Meta all laid off employees in droves this past month, but the unemployment rate is still near historic lows. This is
something the market usually reacts positively to. The new unemployment information for October will come out this Friday.
The Cloud is struggling. Cloud storage companies like salesforce, Snowflake, and Workday all saw stocks tumble this year because of interest rate hikes. Inflation didn't stop people from buying name brand snacks, but it did stop consumers from purchasing more storage on the cloud.
Cloud storage is struggling but Jewelry is ticking up. Another inflation survivor seems to be the
luxury jewelry market. Bulgari, Tiffany, and Cartier have all experienced growth.
The implosion of crypto exchange FTX could be even more detrimental to the crypto world then initially thought. FTX owes over $3B to its top 50 creditors. If those creditors are institutional players like lenders, then the crypto market may be in for a very dark future. To add on to the Crypto disaster, BlockFi is now going bankrupt.
It has been reported that Tax-prep services like H&R Block, TaxAct and TaxSlayer were sending personal information to Meta so targeted ads could be more accurate. There is no privacy in modernity.
Black Friday broke an online record with sales of $9B and Cyber Monday sales came in around $11B. Inflation has not stopped online shopping but buy now, pay later payments rose 78%. The pay
later trend is one that is being used as a remedy for inflation, but some economists are worried about consumers abilities to actually pay for the things they bought.
Chinese citizens are waking up and actually protesting their authoritarian government. This is because a fire in a high rise killed 10 people that were trapped because of covid lockdowns. Many Chinese citizens are calling for the resignation of President Xi. Only time will tell how the Chinses economy fairs through all the turmoil of
lockdowns and political unrest, but the whole world will be watching. Reports of mass media censorship by the CCP are coming in hot, everything from twitter being flooded with pornography and videos of maskless protesters being edited to look like they are wearing masks. The CCP is doing anything to curb the perceived intensity of the protests.
The Whitehouse gave the okay to Chevron to starting pumping in Venezuelan oil. This is a big move that could help lower gas prices but will also give a lot of economic
help to a less than ideal government. The effects on gas prices here in the US won't be felt for some time due to equipment and staffing problems.
Apple is threatening to remove twitter from the app store and Elon Musk is rightfully questioning Apples commitment to free speech.
RANDOM: One-third of the European Cocaine Drug Trade has been shut down after the arrest of 49 high-profile cartel leaders.
