CWEB, the American multinational media news company, has published its Most Recent Business News for November 15, summarizing the important events and highlights from across industries and around the world.
CWEB is the source of most recent business news and developments taking place across all industrial sectors. CWEB publishes only the recent news, and its coverage includes sectors from technology and manufacturing to retail, sports and travel.
The following are the main highlights as reported in the review:
There is a lot of pressure on the meeting between President Biden and his Chinese counterpart Xi Jinping at the APEC summit in California today.
On Wednesday, U.S. equities inched higher as investors sought to ride the wave of optimism following Tuesday’s big surge on the basis of better-than-expected inflation statistics. 93 points were added to the Dow Jones Industrial Average during trading. The Nasdaq Composite and the S&P 500 both showed gains.
Weak consumer spending was backed up by purchases in high-frequency areas like food and cosmetics, and Target blew past profit predictions on Wednesday.
For the first time since March, and with interest rates at a 22-year high, Americans reduced their spending at brick-and-mortar stores in October. The Commerce Department said on Wednesday that retail sales, which are adjusted for seasonality but not inflation, decreased 0.1% in October from the previous month.
Reports that Amazon will sell things listed on Snap drove up the stock price by 8%.
YouTube has released updated rules for AI-based content. The online video platform has issued new guidelines for AI-enhanced videos as part of its preparation for a future where such material is widely produced.
Airbnb has reportedly paid close to $200 million to acquire a new AI business that has been keeping its operations under wraps. GamePlanner.AI, founded by the same people behind the AI assistant companies that Apple and Samsung bought, has been acquired by the online rental marketplace.
With this new partnership, Rivian will construct an EV manufacturing in the state of Georgia. The electric vehicle manufacturer has agreed to pay $300 million in property taxes to the state of Georgia in exchange for the use of land and manufacturing equipment.
The holidays are just around the corner, and that means Starbucks is gearing up to deliver free drinks for its Red Cup Day promotion. Before the busy holiday shopping season, the Starbucks workers’ union has called for walkouts at hundreds of outlets.
Chase Bank (JPM), Microsoft (MSFT), GOOGL, Apple (AAPL), Pay Pal (PYPL), Walmart (WMT), Amazon (AMZN), Groupon (GRPN), Carnival Corporation (CCL), PepsiCo (PEP), Wells Fargo (WFC), Johnson & Johnson (JNJ), Philip Morris International (PM)SNAP INC (SNAP), Exxon Mobil (XOM), Chevron (CVX), EBAY
Read the full newsletter online: https://www.cweb.com/cweb-news-summarized-breaking-business-and-financial-newsletter-for-november-15-2023/
Post your free blog on CWEB at: https://www.cweb.com/add-a-free-blog
Check out the latest news and announcements at CWEB: https://www.cweb.com
About CWEB.com
CWEB is an American multinational media news company. CWEB is primarily involved in the news, media, blogs and entertainment industries, including free forums, classifieds and job postings. CWEB reports breaking news, celebrity, entertainment, sports, politics, finance, stock market and business news.
Facebook: https://www.facebook.com/cwebmedia
Instagram: https://www.instagram.com/cweb/
Twitter: https://twitter.com/cweb
YouTube: https://www.youtube.com/c/cwebmedia
TikTok: https://www.tiktok.com/@cwebnews
Media ContactCompany Name: CWEBContact Person: Rachel CohenEmail: Send EmailPhone: (310) 990-0009Address:PO BOX # 12404 City: Marina Del ReyState: California 90295Country: United StatesWebsite: https://www.cweb.com/
