>>Monthly Jobs Report Shows Employment Rise
(Washington, DC) -- New federal data shows U.S. employment rose by 187-thousand jobs in July. The monthly jobs report also shows the unemployment rate remained essentially unchanged at three-point-five percent, though it's slightly lower than the previous jobless level and nearly a half-century low. Wage growth, meanwhile, is up to four-point-four percent.
>>Half Of Americans Think U.S. Economy Is Getting Worse
(Washington, DC) -- Half of Americans say the U.S. economy is still getting worse. According to a CNN poll, 51-percent of Americans said the economy is continuing its downturn despite some positive indicators. U.S. GDP grew more than expected in the second quarter of 2023, and inflation has continued to subside. Another 28-percent said economic recovery hasn't begun yet but conditions aren't getting worse. Only one in five said the economy is recovering from its recent issues.
>>Warner Bros Discovery Says Hollywood Strikes Could Hold Up Films
(Los Angeles, CA) -- Warner Brothers Discovery says the Hollywood writers and actors strikes could be holding up their slate of new movies. The media giant said Thursday it expects members of the Writers Guild and the Screen Actors Guild will return to work in early September. CEO David Zaslav told investors "we all got to fight to get this resolved," as the strikes could impact the timing of its film slate. The Alliance of Motion Picture and Television Producers, which represents the major studios including Warner Brothers Discovery, has asked to meet with the writers' guild today to discuss resuming negotiations.
>>Tesla Sued Over Range Estimates
(San Francisco, CA) -- A number of Tesla owners are suing the automaker for fraud after a Reuters investigation discovered the company has been inflating the range estimates of its electric vehicles. The suit filed Wednesday in federal court in California accuses Tesla of exaggerating the estimated distance a vehicle can go on a single charge. The investigation, citing anonymous sources, found that the order to use algorithms to give better estimates came from CEO Elon Musk.
>>Adidas Makes $437 Million Off Yeezys, Donates 120M To Anti-Hate Groups
(Frankfurt) -- Adidas says it made about 437-million dollars from its first sale of Yeezy sneakers last quarter. In an earnings call Thursday, the chief financial officer of the sportswear company said the liquidation of the Kanye West sneakers also allowed them to donate over 120-million dollars to groups that are fighting hate, racism and antisemitism. Adidas ended its partnership with the rapper last year after he made a string of antisemitic comments. The company's CEO said a second batch of Yeezy sneakers hit the market this week and more donations are to come.
>>Bud Light Parent Company Stabilizes After Transgender Influencer Partnership
(St. Louis, MO) -- Bud Light's parent company says it has stabilized in the market since its partnership with a transgender influencer caused sales to plummet. Anheuser-Busch said its market share has leveled out since the boycott over its Dylan Mulvaney campaign. The company said revenue dropped by over 10-percent in the second quarter and announced last week it would lay off about two-percent of its U.S. workforce. But in its second quarter report published Thursday, Anheuser Busch said total revenue worldwide increased.
>>"Barbie" Expected To Hit Max In The Fall
(New York, NY) -- Greta Gerwig's "Barbie" is expected to be available for streaming on Max this fall. Warner Bros. Discovery CEO David Zaslav said the hit film will go to streaming sometime in the fall months but only after the theatrical window fully plays out. The movie has made over 800-million-dollars worldwide since its premiere and is expected to eclipse one-billion-dollars by Monday. "Barbie" is currently projected to earn one-point-three-billion-dollars during its theatrical run, right behind "The Super Mario Bros. Movie" for highest grossing film of the year.
>>Remote Work Policies May Stick Around
(Undated) -- Employers are hitting the pause button on "back-to-the-office" efforts. According to new data, workers who are on a hybrid or remote work assignment are not showing diminished productivity. Analysts say that younger workers express different sensibilities and needs than their older counterparts and tend to excel in a flexible work environment. According to a poll conducted by the Los Angeles Times, eight out of ten workers believe their company's remote work policies will remain in place through 2025.
