headlines...by halloapp

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12-17-2023

TECH

- Nvidia's stock has surged over 200% in 2023 due to its dominance in AI chips and strong earnings growth.

- Google has been found guilty of antitrust violations by a San Francisco jury in a case brought by Epic Games, resulting in a loss for Google and a resurgence in popularity for Fortnite.

- Billionaire founder of Chinese AI giant SenseTime, Tang Xiao'ou, dies at 55 due to undisclosed health issues.

- Apple has introduced contingent pricing for subscriptions in the App Store, allowing developers to offer discounts to active subscribers of other apps.

MEDIA

- Activision Blizzard will pay $54 million in a settlement with California's civil rights agency over workplace discrimination claims.

- Bob Iger's return as CEO of Disney in 2023 is highlighted as a top story, focusing on cost-cutting, restructuring, and making the streaming business profitable.

- Conspiracy theorist Alex Jones has proposed to pay the families of the Sandy Hook shooting a minimum of $55 million over 10 years. The families have filed their own proposal to liquidate Jones' assets.

CONSUMER

- Luxury-goods stocks, such as LVMH, are forecasted to have a slow start in 2024 but expect a rebound in the second half, driven by Chinese consumer demand.

- Signify, the parent company of Philips Hue and WiZ, is restructuring and cutting jobs to save $218 million amid market uncertainty.

REAL ESTATE

- JBG SMITH Properties' Chief Legal Officer sold 10,000 shares, raising concerns about stock valuation and future performance. MGM Resorts' Chief Legal Officer sold 20,000 shares, raising concerns about the company's prospects.

- The number of homeless veterans in the US reached over 35,000 in January 2023, the highest increase since tracking began. The overall homelessness rate also rose by 12%, reaching over 650,000 people, due to factors like rising rent prices and the end of COVID-19 support.

ECONOMIC

- The Federal Reserve's change in tone regarding rate cuts has sparked a market rally, with Wall Street adjusting predictions.

- CEOs and executives of Confluent Inc, Cencora Inc, Icosavax Inc, Carter's Inc, and RCM Technologies Inc sell shares, raising concerns about their respective companies' financial health and future prospects.

CRYPTO

- The SEC has denied Coinbase's request for new cryptocurrency rules, leading Coinbase to seek a judicial review.