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Australia’s Coles, one of the top supermarket operators in the country, has recently highlighted deflation in its fresh produce and meat products. This comes at a time when the overall cost of living crisis in Australia has been exacerbated by persistently high inflation rates. The moderation in price rises across its packaged categories reflects the
In recent years, the landscape of movie distribution has undergone significant changes, especially with the rise of eventized movies such as concert films. With the onset of the Covid-19 pandemic, studios began to embrace the theatrical day-and-date model as cinemas closed. However, the realization that theatrical releases bring in more profits and downstream revenues became
The recent ruling by U.S. District Judge Zahid Quraishi in Trenton, New Jersey, to uphold the law requiring drug manufacturers like Bristol Myers Squibb and Johnson & Johnson to negotiate prices of their blood clot prevention drugs with the U.S government’s Medicare program has sparked controversy in the pharmaceutical industry. Despite the drug companies’ arguments
Having a diversified portfolio is crucial for any investor looking to minimize risk and maximize returns. One key component of a diversified portfolio is bonds. Bonds offer protection against market volatility and can generate a steady stream of income. However, constructing the fixed income portion of your portfolio can be a daunting task, especially in
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After a prolonged period of dormancy, the Initial Public Offering (IPO) market seems to be making a comeback. Colin Stewart, Morgan Stanley’s global head of technology equity capital markets, expressed optimism about the resurgence of tech companies going public. Stewart predicts that 10 to 15 more tech firms could launch IPOs by the end of
The success of Five Nights at Freddy’s in the fall box office of 2023 was unexpected, to say the least. The horror film managed to rake in $80 million domestically and a staggering $131 million globally, making it a standout performer in a year filled with uncertainties. Despite initial projections and tracking services indicating a
Wall Street experienced a day of volatile trading on Monday as investors awaited the Federal Reserve’s upcoming interest rate decision. Key players like Tesla and Apple saw gains in their stock values, propelling the consumer discretionary sector upwards. While Tesla shares climbed due to regulatory approvals for self-driving tech in China, Apple surged following reports
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In a bold move to adapt to the changing landscape of television viewing habits, SportsNet Pittsburgh has announced the launch of SNP 360, a direct-to-consumer streaming service that will cater to fans of the Pirates and Penguins. As more and more viewers veer away from traditional cable subscriptions, regional sports networks are facing a difficult
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Local Chinese authorities have recently lifted restrictions on Tesla cars after the company’s China-made vehicles successfully met the country’s data security requirements. This development came after Tesla CEO Elon Musk’s unexpected meeting with Chinese Premier Li Qiang in Beijing. The move is significant as Tesla’s electric cars are highly popular in China, but faced restrictions