Anna's Daybreak News

_{Just facts, you think for yourself}

Wednesday, 5:21 AM

October 30, 2024

Good morning news friend! Stay in the know as events unfold, keeping up with the ever-evolving storylines around you. 📰🌟

Job Openings Decline to Lowest Level Since 2021

US job openings fell to 7.44 million in September, the lowest level since January 2021. A decline of 418,000 from August's revised figure of 7.86 million. Job openings rate dipped to 4.5%, down from 4.7% in August.

Layoffs increased by 165,000, totaling 1.83 million. The quits rate also dropped to 1.9%, the lowest since June 2020. The number of unemployed persons per job opening remained at 1.09.

Hires increased by 123,000, totaling 5.56 million, driven by sectors like manufacturing and retail.

Consumer confidence climbed to 35.1%, up from 31.3% in September. A nine-month high.

Source: Read More

Space Race Heats Up

China aims to land astronauts on the moon by 2030. They launched the Shenzhou-19 mission, sending three astronauts into orbit for six months.

In June, China became the first nation to return moon rock samples from the far side of the moon. Now, it plans to retrieve soil samples from Mars by 2028, two years ahead of schedule.

The US fears that China might claim lunar territories rich in resources. The moon’s south pole contains essential materials like ice, which could be turned into water and oxygen.

China still lags behind the US in rocket technology. Though, they aims for a lunar research base with international partners, including Russia.

Source: Read More

Google’s Money Machine 

In Q3, Google’s revenue reached $88.27 billion, a 15% increase from the previous year. The digital advertising segment generated $65.85 billion, up from $59.65 billion.

This surge reflects a 10% growth in ad sales, bolstered by increased political spending and major events like the 2024 Paris Olympics.

Earnings per share hit $2.12, exceeding the $1.85 average estimate. Net income stood at $26.3 billion, a 34% rise from last year. Capital expenditures rose 62% to $13.1 billion.

YouTube also contributed, surpassing $50 billion in revenue across the last four quarters. Ad sales grew by 12% to $8.92 billion.

Source: Read More

Visa Surges Amid Consumer Resilience

Visa reported a fourth-quarter net income of $5.32 billion, or $2.65 per share, up from $4.68 billion, or $2.27 per share, the previous year. Net revenue climbed 12% to $9.62 billion this quarter.

Payments volume grew by 8% on a constant-dollar basis. Furthermore, cross-border volume, which measures international travel demand, surged by 13%.

Visa forecasts full-year 2025 adjusted net revenue growth in the high single digits to low double digits.

The US Justice Department filed a lawsuit against Visa alleging monopolization in the debit card market.

Source: Read More

Ukraine in Survival Mode

Lloyd Austin (US defense secretary) visited Kyiv on October 21st. He expressed confidence that Moscow would never win in Ukraine.

However, concerns grow among Pentagon officials and Ukrainian commanders. They worry about Ukraine’s ability to withstand Russian advances over the next six months.

Reports indicate that Russia is breaching Ukrainian defenses in several areas of the battlefield.

Additionally, the Pentagon confirmed that around 10,000 North Korean soldiers are training in eastern Russia. South Korea may supply arms to Ukraine if necessary.

Source: Read More

“You can expect blowups and explosive errors in fields where there is a penalty for simplicity.”

Baked with love,

Anna Eisenberg ❤️