Jobless claims rise as up-and-down trend continues in tight market

Claims tend to be volatile at the start of the holiday season as companies temporarily close or slow hiring.

https://nypost.com/2022/12/08/jobless-claims-rise-by-4000-as-labor-market-remains-tight/

Elle King Concusses Herself Falling Down Stairs, Cancels Shows: ‘I Tried to Push Through’

The Grammy nominee updated her fans on Instagram Thursday about her canceled radio shows after she slipped while making a bottle for her son …

https://finance.yahoo.com/news/elle-king-concusses-herself-falling-193537031.html

More Stores Do Double Duty as Distribution Centers for Online Orders

More retailers are packing up goods in stores for delivering e-commerce orders as they look to speed up shipments, streamline inventory and make more use of their bricks-and-mortar sites. 

https://www.wsj.com/articles/more-stores-do-double-duty-as-distribution-centers-for-online-orders-11670519596?mod=pls_whats_news_us_business_f

FTC files antitrust lawsuit to block Microsoft’s $69 billion Activision Blizzard deal

The Federal Trade Commission filed an antitrust lawsuit against Microsoft (MSFT) on Thursday in an attempt to block Microsoft’s $69 billion acquisition of “Call of Duty” publisher Activision Blizzard …

https://finance.yahoo.com/news/ftc-files-antitrust-lawsuit-to-block-microsofts-69-billion-activision-blizzard-deal-193151851.html

Tesla investors frustrated with Elon Musk over Twitter chaos

Tesla’s stock has fallen nearly 60% this year as Musk’s Twitter takeover prompted months of legal drama, political fallout and social media chaos.

https://nypost.com/2022/12/08/tesla-investors-frustrated-with-elon-musk-over-twitter-chaos-like-hes-abandoned-us/

Elliott Among Buyers of CVC’s €1.5 Billion Debt for Unilever Tea

Hedge funds Elliott Investment Management LP and Sona Asset Management Ltd. are among the firms that scooped up junk debt underpinning the buyout of Unilever PLC’s tea business at a discount.

https://www.bloomberg.com/news/articles/2022-12-08/elliott-among-buyers-of-cvc-s-1-5-billion-debt-for-unilever-tea

New York Times Staffers Go on One-Day Strike Amid Stalled Contract Talks

The strike by more than 1,000 New York Times staffers puts the organization in the position of having to cover news for one day without the majority of its reporters.

https://www.wsj.com/articles/new-york-times-staffers-strike-for-first-time-in-over-40-years-11670513199?mod=pls_whats_news_us_business_f

Credit Suisse Raises $4.3 Billion Capital After Wild Ride

Credit Suisse Group AG completed a 4 billion-franc ($4.3 billion), two-pronged capital increase, giving Chief Executive Officer Ulrich Koerner the funds needed to embark on a comprehensive …

https://www.bloomberg.com/news/articles/2022-12-08/credit-suisse-investors-take-up-98-of-shares-in-rights-offer

Jobless Claims Rise Slightly in Tight Labor Market

Initial jobless claims rose to a seasonally adjusted 230,000 last week, near the 2019 weekly average when the labor market was also robust.

https://www.wsj.com/articles/u-s-jobless-claims-rise-slightly-in-tight-labor-market-11670507772?mod=pls_whats_news_us_business_f

Mortgage Rates Fall for a Fourth Week, Sending 30-Year to 6.33%

Mortgage rates in the US fell for a fourth week, offering hope that improved affordability will bring more buyers to the flagging housing market.

https://www.bloomberg.com/news/articles/2022-12-08/mortgage-rates-fall-for-a-fourth-week-sending-30-year-to-6-33