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AM Business Notebook

>>Consumer Confidence Rises In November

(New York, NY)  --  Consumer confidence is bouncing back after three straight monthly declines.  The Conference Board's Consumer Confidence Index rose three points in November.  The board's chief economist noted improved confidence about future business conditions, job availability and incomes.  Still, fewer consumers planned to buy big ticket items including homes and autos in the next six months as interest rates remain high.     

 

>>Home Prices Rise For 8th Straight Month

(Washington, DC)  --  Home prices are on the rise for the eighth straight month.  The latest S&P CoreLogic Case-Shiller National Home Price Index shows prices were nearly four percent higher in September compared with the same month a year ago.  Prices continued to rise even as 30-year fixed mortgage rates approached eight percent.  Detroit, San Diego and New York led the way among the top metropolitan markets with annual increases of more than six percent.  

 

>>Judge Recuses From Elon Musk's Media Matters Lawsuit

(Fort Worth, TX)  --  The judge in Elon Musk's lawsuit against Media Matters is recusing himself from the case.  New court documents revealed Judge Mark Pittman was stepping away and asked the case to be assigned to a different judge.  Pittman didn't give a reason for the recusal.  Musk is suing the media watchdog for defamation, alleging they defamed his social media platform X.  

 

>>Mark Cuban Says He's Ready To Depart "Shark Tank"

(New York, NY)  --  Mark Cuban says he's ready to leave "Shark Tank."  On the Showtime podcast "All The Smoke," Cuban said the next season of the ABC series will be his last.  Cuban first guested on "Shark Tank" in season two, and will leave season 16.  He told hosts Matt Barnes and Stephen Jackson that he loves the show because of "the message the American dream is alive and well."  Cuban said he's invested in hundreds of companies over the years, and he's proud the show has inspired "multiple generations of entrepreneurs."

 

>>Charlie Munger Dead At 99

(Undated)  --  Billionaire Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's business partner, has died at 99.  A press release from Berkshire Hathaway said Munger died Tuesday at a California hospital, with Buffett saying in a statement that the company would not be what it is today without "Charlie's inspiration, wisdom, and participation.   Munger was also a real estate attorney, chairman and publisher of the Daily Journal Corporation.  His fortune was estimated to be over two-billion dollars.

 

>>Student Walkouts At CSU Campuses Including SFSU

(San Francisco, CA)  --  Student-organized walkouts took place on all California State University campuses, including San Francisco State Tuesday.  SFSU students say they skipped classes in protest of a six-percent tuition hike over the next five years.  A rep with the Student Union maintains that it's unfair for the CSU administration to call for increased fees when 655 classes will be slashed.  They argue that would mean students would be forced to pay more for less education in the coming years.  Meanwhile, some 15-hundred faculty members at SF State are planning to hold a strike calling for better pay and manageable workloads on December 5th.

 

>>FedEx And UPS No Longer Biggest Delivery Companies In The US

(New York, NY)  --  Amazon delivers more packages to homes in the U.S. than both UPS and FedEx.  Amazon surpassed UPS in parcel volume in 2022 and FedEx in 2020.  Internal forecasts show Amazon is expecting to make some five-point-nine billion deliveries by the end of 2023.  UPS has said its domestic deliveries are unlikely to exceed last year's five-point-three billion.  FedEx Express and Ground Parcel volume reached roughly three-billion for its fiscal year.  FedEx parted ways with Amazon in 2019, but Amazon still has a delivery partnership with UPS and the e-commerce giant accounts for eleven percent of UPS's revenue.

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