July 25, 2023

Markets Now

The stock market is dominated by just a handful of companies. The Biden administration is worried

Just seven stocks – Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms – make up close to $11 trillion in market value and contributed about 75% of returns of the S&P 500 in the first half of 2023, according to a recent Bank of America report.  
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Skittles' newest flavor will make your nose hairs curl

Skittles’ newest flavor doesn’t taste like the rainbow.  
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Billionaire Leon Black made a $158 million payment to Jeffrey Epstein. Senators want to know why

The Senate Finance Committee is looking into whether billionaire investor Leon Black’s $158 million payment to disgraced financier Jeffrey Epstein was part of a greater strategy to avoid paying over $1 billion in federal gift and estate taxes.  
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UPS and Teamsters reach a labor deal, potentially avoiding a crippling strike

UPS and the Teamsters have reached a tentative deal on a new contract, potentially avoiding a strike. A labor stoppage could have started as soon as next week and crippled US supply chains and been a multi-billion dollar hit to the economy.  
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The world's biggest ice cream company says heat waves may not help sales

Can it ever be too hot for ice cream? According to Unilever, yes.  
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'Sound of Freedom' is a box office hit. It has an unusual ticket strategy

“Sound of Freedom,” a movie about a US federal agent who quit his job to chase child sex traffickers, has become what is, by the numbers, a summer blockbuster, taking in around $125 million in theaters since its debut. But it’s relying on an unusual strategy to boost ticket sales.  
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Source: CNN Business

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