Youtube announcing that it will launch a paid music service in March, according to reports. Warner Music group has already signed on for the service and Youtube is in talks with Sony music entertainment and universal music group as well.
Walmart is trying to compete with Amazon in a new arena...meal kits. The world's largest retailer selling almost 30 separate meal kits from several different brands. The pricing on the kits varies and this is not a subscription model, so it's not Walmart's version of Blue Apron.
Plus, according to Reuters, the ride-hailing giant Didi Car plans to make its first international expansion into Mexico next year, continuing its global rivalry with Uber.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
