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Anna's Daybreak News

Monday, 5:28 AM

September 9, 2024

Good morning news friend! Stay in tune with the latest happenings, keeping up with the rapidly changing flow of events. 📰🌟

Disappointing August US Jobs Report

In August, US employers added 142,000 jobs, versus the anticipated 160,000. This is the weakest August growth since 2017.

Job gains for June and July were revised lower, decreasing from 179,000 to 118,000 and from 114,000 to 89,000, respectively.

Unemployment rate dipped to 4.2%, down from 4.3% in July. The average hourly pay rose by 14 cents to $35.21, with an annual wage growth of 3.8%.

Leisure and hospitality led with 46,000 new jobs, while manufacturing lost 24,000.

Source: Read More

Boeing’s Averts Massive Strike

Boeing struck a tentative agreement with the machinists union, representing over 32,000 workers, to avert a strike .

Workers will see pay raises of 25% over four years, with average wages increasing by 33% due to seniority adjustments. 

Additionally, the company will provide a $3,000 lump sum and new 401(k) contributions of up to $4,160 per employee.

The new contract must be ratified by union members by Thursday, or a strike could begin. A strike could cost Boeing about $3 billion based on past figures. 

Source: Read More

Record US Debt Issuance Hits $82 Billion as Companies Rush to Borrow

This week, US companies issued $82 billion in investment-grade bonds. A total of 60 deals were made across multiple sectors, including a $4 billion sale by Uber, and $2.5 billion from Ford Motor Credit.

Issuers are acting fast, with interest rates on bonds at 4.8%, down from 5.6% in July. Tuesday alone saw 29 bond deals, the most ever recorded for a single day.

Borrowers locked in deals before potential market volatility from upcoming economic data, the Federal Reserve meeting, and the US presidential election in November

Source: Read More

Roblox Updates Its Revenue Model

Roblox outlined a new plan to enhance developer payouts. Developers will earn 50% to 70% from game sales, an increase from the previous 30%.

Roblox aims to capture 10% market share of the $180 billion gaming market.

In Q3, users logged 17.4 billion hours, boosting revenue to $893.5 million, a 31% increase year-over-year. However, Roblox’s net loss was $206 million.

Their user base is growing older; 58% are now over 13. Roblox plans to introduce merchandise sales through Shopify in 2025.

Source: Read More

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“Men destroy each other during war; themselves during peace time”

Baked with love,

Anna Eisenberg ❤️