GDP Growth Slows; Panama Says "Hands Off"; OpenAI and Nuclear Security; Apple's Up (Sort of); Mr. Beast & TikTok; and more ...
Published 2 months ago • 1 min read
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The Business Professor
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In this letter:
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GDP in US Rose 2.3% Last Quarter, and 2.8% for Year |
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This is a slowdown from last quarter and the previous year.
Source: Read More
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Panama Unwilling to Negotiate Canal Ownership |
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The Country's President said it was "impossible".
Source: Read More
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Open AI Partners with US National Securities Laboratory |
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The purpose is to bolster scientific research and security of nuclear weapons.
Source: Read More
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Apples Sales Topped Expectation; But Iphone Sales Underperformed |
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Apple's CEO claims this is due to manufacturing issues in China and unavailable of AI features in those regions.
Source: Read More
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Chili's Restaurant Was on Fire |
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Chili's grew same store comparable sales by 31% over the quarter.
Source: Read More
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Mr. Beast and Roblox CEO Bid on TikTok |
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The pair, along with numerous other investors, have put out a bid of more than $20B for the company.
Source: Read More
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DOJ Sues HP to Block Purchase of Juniper Networks |
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This is the first antitrust suit by the DOJ for the new government.
Source: Read More
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SoftBank May Invest up to $25B in Open AI |
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This investment would make it the startup's top investor.
Source: Read More
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Tariff Threats Affecting Auto Industry |
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The uncertainty of the tariff is causing major planning problems for the automakers.
Source: Read More
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Comcast Shifting Strategy to Mobile |
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The strategic shift comes as the latest quarter numbers disappoint.
Source: Read More
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Sport's Bar Twin Peaks is Going Public |
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This comes as many other restaurants are making similar considerations.
Source: Read More
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LVMH Anticipates Increase in Luxury Watch Sales in 2025 |
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The company topped its estimates last quarter and has rosy projections for 2025 sales.
Source: Read More
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