What’s Trending Today: Apple WWDC Event, Hollywood Deal, Unruly Delta Air Passen...
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What’s Trending Today: Apple WWDC Event, Hollywood Deal, Unruly Delta Air Passenger, Zhang Wins LPGA
What’s Trending Today: Apple WWDC Event, Hollywood Deal, Unruly Delta Air Passenger, Zhang Wins LPGA
(Bloomberg) -- Welcome to Social Buzz, a daily column looking at what’s trending on social media platforms. I’m Caitlin Fichtel, an editor on Bloomberg’s Breaking News team, which monitors everything from company statements to tweets from some of the most prominent people in the financial world. Here’s your daily look at what the internet is talking about.
Most Read from Bloomberg
Apple Conference
Apple Inc.’s next big thing is finally here, with the company set to announce its mixed-reality headset at its Worldwide Developers Conference, better known as WWDC, on Monday. The headset has the potential to usher in a new era: It could kick off the shift to a different interface that upends how people work, play games and entertain themselves. Investors will be keen to see how it all plays out with shares of the tech behemoth trading higher this morning, putting them on pace to close at a record high ahead of this product launch.
Hollywood’s Deal
The Directors Guild of America reached a tentative agreement with the Alliance of Motion Picture and Television Producers, which represents Hollywood studios, a victory for one of several entertainment industry unions seeking adjusted contracts this summer. The tentative agreement reached Saturday will allocate a 5% wage increase in the first year of contract, 4% in the second year and 3.5% in the third year, according to a statement from the union, DGA. The deal also says that generative AI cannot replace duties performed by members as the technology isn’t considered a person.
Unruly Passenger
A passenger on a Delta Air Lines Inc. flight from Paris, France, to Detroit, Michigan, is facing criminal charges after his disruptive behavior caused the plane to be diverted to Canada, CNN reported, citing police. The 34-year-old man was acting in an “unruly manner” and was believed to be under the influence of alcohol according to the Royal Canadian Mounted Police. He was arrested by the RCMP and is facing charges of endangering an aircraft.
- Reuters
Analysis-Spend the recession away? Not the thrifty Germans
A drop-off in spending by inflation-hit consumers was one of the main reasons Germany fell into recession in the first quarter, even as other countries in the region managed to avoid it. What's more, even with inflation starting to ease across Europe, the signs are that Germany's famously thrifty shoppers are not ready to spend their way out of recession - meaning the region's largest economy will have to look elsewhere for growth. "Germans are cautious by nature," said Stephan Fetsch, Germany's head of consumer goods at KPMG.
7h ago - Zacks
Frontier Group (ULCC) Stock Jumps 10.5%: Will It Continue to Soar?
Frontier Group (ULCC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
6h ago - Quartz
An Indian state is offering free hi-speed internet to 2 million of its poor
Fourteen thousand poor households and 30,000 government offices of the southern Indian state of Kerala today (June 5) were provided with high-speed internet. But the aim is higher.
14h ago - Fortune
Lululemon CEO stands by decision to sack staff for chasing thieves out of a store—and would do it again in the name of safety: ‘It’s only merchandise’
“We train them to step back,” Lululemon CEO has said about a pair of employees who confronted two shoplifters in Atlanta.
7h ago - TechCrunch
Elon goes to China, Lucid is selling stock for $3 billion, and Fiat's cutest tiny EV
The biggest news this week has been Elon Musk’s visit to China, a move that has the potential to strengthen Tesla’s ties with the world’s largest auto market. It’s Musk’s first visit since the COVID-19 pandemic, and his commitment to China isn’t surprising given how much China’s vehicle sales carry the automaker’s global sales. In Q1, China accounted for over half of Tesla’s deliveries.
1d ago - Yahoo Finance
Walmart meeting highlights: Recession prep, ChatGPT, Shania Twain, Snoop Dogg, and more
From price-cutting to AI initiatives, here are some key highlights from Walmart's annual shareholders meeting.
1d ago - The Wall Street Journal
CNN CEO Chris Licht Apologizes to Staff, Saying He Overshadowed Network’s Achievements
On a morning editorial call, Licht said news about his management of the network was overshadowing its journalistic achievements.
7h ago - Investopedia
Cryptocurrencies To Watch: Week of June 5
This week’s cryptocurrencies to keep an eye on are XRP (XRP), The Sandbox (SAND), XDC Network (XDC), and Lido (LDO).
3h ago - AP Finance
Anna Shay, fan favorite on 'Bling Empire,' dead at 62
Anna Shay, an heiress, philanthropist and breakout star of the Netflix reality series “Bling Empire,” has died at 62. Shay died from a stroke, according to a family statement provided to The Associated Press on Monday. “It saddens our hearts to announce that Anna Shay, a loving mother, grandmother, charismatic star, and our own brightest ray of sunshine, has passed away,” the family said.
2h ago - The Wall Street Journal
‘There Were Fists Everywhere.’ Violence Against Teachers Is on the Rise.
Assaults have ratcheted up since the return to in-person learning, adding to broader concerns about safety in schools.
2d ago - The Wall Street Journal
Enforcers of China’s One-Child Policy Are Now Cajoling People to Have Three
The number of births is plummeting as officials struggle to change the mind-set of a generation less eager to start a family.
7h ago - Fortune
‘Not bad for a granddad’: Bill Gates is ‘mixing up’ his summer book recommendations by making a music playlist for fans this year
Bill Gates remembers his friend and Microsoft co-founder Paul Allen when revealing his book recommendations and summer playlist for 2023.
11h ago - Investopedia
Is There a Roth IRA Gender Gap?
A nearly equal share of women and men have IRAs, but men have a substantial lead when it comes to account balances and retirement readiness.
5h ago - Forkast News
Montenegro court approves second bail request for Terra-Luna founder Do Kwon
A court in Montenegro approved a second bail request for Terraform Labs co-founder Do Kwon, who faces allegations of using fake passports.
17h ago - Reuters
Hollywood actors set vote to authorize strike with writers still out
Hollywood's actors union will announce Monday whether their members authorized a possible strike, a move that would turn up the heat on major film and television studios already grappling with a work stoppage by writers. The SAG-AFTRA union set a Monday deadline for its 160,000 members to vote on whether to give their negotiators the power to call a strike if needed. Talks between the actors union and major studios are scheduled to start on Wednesday.
12h ago - Barrons.com
Oil Jumps After Saudi Pledges Production Cut at Tense OPEC+ Summit
Oil jumped Monday after Saudi Arabia pledged to cut oil production another one million barrels a day in July as the Organization of the Petroleum Exporting Countries and its allies agreed to stick to their current oil-production target through 2024.
13h ago - CoinDesk
Atomic Wallet Users Hacked for $35M Worth of Bitcoin, Ether, Tether and Other Tokens
Atomic Wallet said Monday that “less than 1%” of its monthly active users were impacted in the weekend breach.
17h ago - Decrypt Media
Metropolitan Museum of Art Will Return $550K in FTX Donations
It’s the latest organization to give back FTX-linked funds, whether for legal or reputational reasons.
1d ago - AP Finance
Norfolk Southern is 1st railroad to give all workers sick time as others negotiate with unions
Norfolk Southern became the first major North American freight railroad with deals to provide paid sick time to all of its workers Monday, but the other railroads are making progress, with nearly 65% of all rail workers securing this basic benefit since the start of the year. All of the major freight railroads have said they are committed to resolving this key issue that nearly led to a strike in last year's bitter contract talks. Also Monday, Union Pacific announced a deal that will provide paid sick leave to about 5,600 engineers in the Brotherhood of Locomotive Engineers and Trainmen union that gives that railroad agreements with 12 of its 13 unions.
5h ago - AP Finance
Qatar minister elected to head UN labor conference following World Cup scrutiny
The labor minister of Qatar, which faced intense scrutiny over its treatment of migrant workers in the run-up to last year's World Cup soccer tournament, was elected Monday as the president of the United Nations labor agency's annual conference. Asian and Pacific nations proposed Ali bin Samikh al-Marri to lead the International Labor Agency's two-week conference in Geneva. Regional groups take turns nominating the meeting's chair.
11h ago - AP Finance
Award-winning Hong Kong journalist wins appeal in rare court ruling upholding media freedom
An award-winning Hong Kong journalist won an appeal Monday quashing a conviction related to research for an investigative documentary, in a rare court ruling upholding media freedom in the Chinese territory. Bao Choy was found guilty in April 2021 of deceiving the government by getting vehicle ownership records for journalistic purposes after she had declared in her online application that she would use the information for “other traffic and transport related issues.” The investigative journalist was trying to track down perpetrators of a mob attack on protesters and commuters inside a train station during massive anti-government protests in 2019 for her documentary.
20h ago - AP Finance
Senegal's government suspends mobile internet access amid days of deadly clashes
Senegal's government temporarily suspended mobile phone data on Sunday as the country reels from days of deadly clashes between police and supporters of opposition leader Ousmane Sonko. The statement comes after days of deadly clashes throughout the West African nation between Sonko's supporters and police. The government says that 15 people, including two members of the security forces, have been killed, while the opposition says 19 people have died.
1d ago - Yahoo Finance
Apple unveils long-awaited mixed reality headset, Apple Vision Pro, at WWDC 2023
Apple (AAPL) unveiled its long-awaited mixed reality headset, Apple Vision Pro, at the company's Worldwide Developers Conference 2023 (WWDC).
4h ago - Business Insider
I'm the head of talent acquisition at Vanguard. Here are the 3 things I look for in candidates and my favorite interview question to ask.
Tiffany Haley flips a standard question on its head: instead of asking what candidates want to gain from the role, she asks what they'd want to give.
5h ago - Yahoo Finance
The Apple Watch gets new features at WWDC 2023
At its Worldwide Developers Conference (WWDC) 2023 on Monday, Apple debuted new watchOS 10 features, including improved watch faces and full-screen displays, redesigned apps like World Clock, and a number of fitness-focused updates.
4h ago - Yahoo Finance
Apple's mixed reality headset announcement sends Unity stock soaring
Unity's software will be used in Apple's new headset. After Apple's announcement, Unity stock had its best intraday performance since November 10.
2h ago - Investor's Business Daily
Dow Jones Falls As Apple Unveils These Products; This Stock Soars After Cathie Wood Sells It
The Dow Jones slid while Apple stock reversed despite unveiling the Vision Pro headset. A Cathie Wood stock popped higher.
2h ago - Barrons.com
SEC Sues Binance. What It Means for Bitcoin and Coinbase.
Binance is by far the world's largest cryptocurrency exchange and a pillar of the digital asset economy. Bitcoin fell after the news of the SEC charges.
5h ago - Zacks
Here's Why SentinelOne (S) is Poised for a Turnaround After Losing -20.43% in 4 Weeks
The heavy selling pressure might have exhausted for SentinelOne (S) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
9h ago - Fox Business
Chicago Walgreens redesigned with only 2 aisles available for browsing, the rest behind counters: report
A renovated Walgreens store in downtown Chicago now only has two aisles of products available for public browsing while the rest is behind counters.
8h ago - Investor's Business Daily
ImmunoGen, Day One Surge On Cancer Drug Updates, But Arcus Dips
ImmunoGen and Day One unveiled promising cancer treatment updates over the weekend, leading IMGN stock and DAWN stock to soar Monday.
2h ago - The Wall Street Journal
Apple Releases Vision Pro Headset, First Major New Product in a Decade
The device allows users to experience virtual reality and digital apps overlaid on the real world. The company also unveiled key features for the iPhone and a 15-inch MacBook Air.
44m ago - Yahoo Finance
Apple debuts iOS 17 with new AI-powered features, Journal app, smart display option
Apple debuted iOS 17 and iPadOS 17 at WWDC 2023.
5h ago - Benzinga
Bill Gates Makes Billion-Dollar Bet On Heineken Just Before Budweiser Controversy, Threatening The Beer Giant's Top Ranking
Billionaire and Microsoft Corp. Co-Founder Bill Gates continues to make waves with his latest venture into the beer industry. Gates made headlines by acquiring a substantial stake in Heineken Holding NV (OTC:HEINY), a Dutch company worth nearly $1 billion. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The transaction, which occurred on Feb. 17, involved Gates purchasing 10.8 million shares valued at $939.87 mi
6h ago - Business Insider
Wharton professor Jeremy Siegel says investors' hopes of a Fed pause are pushing stocks higher – and skipping a rate hike would lower the risk of a US recession
The academic and market expert doesn't see US stocks surging this year, despite AI hope driving them higher in recent months.
1d ago - SmartAsset
I Want to Gift Money. How Much Can I Give Without Owing Taxes?
For 2023, the annual gift tax exemption is $17,000, up from $16,000 in 2022. This means you can give up to $17,000 to as many people as you want in 2023 without any of it being subject to the federal … Continue reading → The post Gift Tax Limits: How Much Can You Gift? appeared first on SmartAsset Blog.
9h ago - Engadget
Apple Vision Pro first look: A glimpse at the spatial computing future
Apple's Vision Pro mixed reality headset is here, and we've finally had a chance to see it in person.
2h ago - Investor's Business Daily
Crazy Rich Investors Dump Stocks And Buy This Instead
It's been a rough year for high net worth investors. And they're starting to act scared with their money.
7h ago - Fortune
Coinbase and Binance want to dominate crypto. But both could lose to Charles Schwab and Wall Street, says new report
The powerhouses of traditional finance are creating new business models for crypto that some think will dethrone the crypto natives.
8h ago - Reuters
Biden administration moves to nix US states' challenge to ESG investing rule
The Biden administration has asked a federal judge to toss out a lawsuit by Republican-led states seeking to strike down a rule allowing socially-conscious investing by employee retirement plans. The U.S. Department of Justice in a filing in Amarillo, Texas federal court on Friday said the rule was needed to replace improper limitations that the Trump administration had placed on considering environmental, social and corporate governance (ESG) factors in making investment decisions. A coalition of 25 states led by Utah and Texas sued in January, claiming the U.S. Department of Labor rule would imperil the retirement savings of millions of Americans by allowing investments to be made based on political agendas rather than financial considerations.
6h ago
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