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- Business and Finance News - 1.24.25
Business and Finance News - 1.24.25
Good Morning, Students!
The Oscar nominations are in, but with no cultural phenomenon like Barbenheimer capturing global attention, questions linger about this year’s ceremony. Will the absence of a blockbuster moment impact viewership, or does Hollywood still hold sway with the public? Adding to the uncertainty, the ongoing fires in Los Angeles could disrupt plans for the show, raising logistical and safety concerns for the industry’s biggest night…
Now here’s a quick rundown of today’s stories:
(Insights in our Top Stories)
NFL and Bluesky: The NFL instructed the New England Patriots to shut down their Bluesky account, reinforcing its partnerships with X (formerly Twitter) and Meta while excluding emerging platforms like Bluesky.
CNN Cuts 6% of Workforce: CNN will lay off 6% of its employees as it transitions toward digital-first strategies, including new streaming and lifestyle offerings.
GM’s $80,000 Cadillac Lyriq-V: General Motors revealed the Cadillac Lyriq-V, a high-performance luxury EV, as part of its push to lead the U.S. luxury EV market (excluding Tesla).
Shaquille O’Neal and Kenny Smith Return to TNT Sports: As O’Neal and Smith re-sign with TNT Sports, Amazon and NBC build new NBA broadcast teams to compete in the evolving sports media landscape.
-Mr. Projekts
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TOP STORIES
Key Insight → The NFL's decision to restrict teams from using Bluesky reflects its focus on controlling its presence across approved platforms, particularly those with existing content partnerships like X (formerly Twitter) and Meta. This move underscores the league’s emphasis on maintaining unified brand strategies and monetization opportunities within pre-established agreements, limiting engagement with emerging platforms like Bluesky until they align strategically or financially. For the broader market, this highlights the growing influence of partnerships in shaping which platforms gain legitimacy and access to high-profile organizations, potentially slowing the adoption of newer, smaller platforms like Bluesky despite their rising user base.
Key Insight → CNN’s decision to cut 6% of its workforce highlights the shifting media landscape, where traditional cable TV struggles to compete with the rise of streaming and digital platforms. This strategic pivot toward digital offerings, including a new streaming service and lifestyle-oriented products, signals CNN’s efforts to adapt to changing viewer preferences and secure alternative revenue streams. For the larger market, this underscores the ongoing challenge for legacy media companies to innovate rapidly in response to cord-cutting trends, reshaping how news and entertainment are produced, distributed, and consumed.
Key Insight → General Motors’ unveiling of the $80,000 Cadillac Lyriq-V highlights the automaker's aggressive push to dominate the U.S. luxury EV market, excluding Tesla. This marks a significant step in broadening Cadillac's EV portfolio, catering to high-performance and luxury-conscious buyers as it seeks to rival established brands like Audi and Mercedes-Benz. For the larger market, this underscores the intensifying competition in the luxury EV sector, driving innovation, expanding consumer options, and potentially reshaping market dynamics as traditional automakers pivot to electric offerings to challenge Tesla's dominance.
Key Insight → The return of Shaquille O’Neal and Kenny Smith to TNT Sports reflects the enduring appeal of "Inside the NBA," widely regarded as the gold standard of sports studio shows. This move underscores Warner Bros. Discovery's commitment to retaining fan-favorite personalities even as Amazon and NBC make aggressive moves to build their own competing NBA coverage. For the larger market, it highlights the escalating competition in sports broadcasting, where major players are investing heavily in talent and innovation to differentiate themselves in a rapidly evolving media landscape driven by streaming and shifting viewer preferences.
Ready to turn your business challenges into actionable strategies or looking for personalized guidance? Connect with Skool Workshop today for tailored consulting solutions or schedule a personalized one-on-one session today!
THE MARKETS
Here’s how the major indexes did yesterday:
Dow Jones Industrial Average: 44,565.07 +408.34 (+0.92%)
S&P 500: 6,118.71 +32.34 (+0.53%)
Nasdaq Composite: 20,053.68 +44.34 (+0.22%)
Russell 2000: 2,314.60 +10.88 (+0.47%)
Here’s how The Magnificent Seven did yesterday:
Nvidia (NVDA) [3.605T]: 147.22 +0.15 (+0.10%)
Apple (AAPL) [3.363T]: 223.66 -0.17 (-0.08%)
Microsoft (MSFT) [3.321T]: 446.71 +0.51 (+0.11%)
Amazon (AMZN) [2.475T]: 235.42 +0.41 (+0.17%)
Alphabet (GOOGL) [2.423T]: 197.98 -0.39 (-0.20%)
Meta Platforms (META) [1.607T]: 636.45 +12.95 (+2.08%)
Tesla (TSLA) [1.324T]: 412.38 -2.73 (-0.66%)
Here’s how Bitcoin and Ethereum did yesterday:
Bitcoin (BTC): $104,699.19 (8:45PM PST on 1/23/25)
Ethereum (ETH): $3,334.50(8:45PM PST on 1/23/25)
Disclaimer: This content is not intended as financial guidance. The purpose of this newsletter is purely educational, and it should not be interpreted as an encouragement to engage in buying, selling, or making any financial decisions regarding assets. Exercise caution and conduct your own research before making any investment choices.
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