June 6, 2024

Markets Now Thursday, June 6, 2024

It’s all about fun and games now at these dead former Sears stores

In Florida, a handful of dead mall anchor Sears stores, left vacant and unmoored by the iconic retailer’s bankruptcy six years ago, are being jolted back to life.  
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SpaceX launches Starship rocket. See it fly faster than the speed of sound

SpaceX launched its Starship, the most powerful rocket ever built, on its fourth flight test from Boca Chica, Texas.  
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NFL faces multi-billion dollar antitrust suit over its Sunday Ticket package

A class action case challenging the legality of the NFL’s Sunday Ticket package, whose opening arguments are scheduled for Thursday, could shake up television rights deals in professional sports and the way teams make money.  
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New York’s governor said congestion pricing would hurt the economy. Businesses disagree

New York was just a few weeks away from becoming the first American city to adopt congestion pricing, a system designed to alleviate traffic, reduce air pollution and fund public transit. Then, at the last minute, the governor lost her nerve, citing the dubious claim that it would hurt the working class.  
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Shoppers are hyper-focused on ‘value.’ That doesn’t mean buying the cheapest option

American households want the biggest bang for their buck right now when they pull their wallets out to shop. That doesn’t mean they want something cheap all the time.  
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Microsoft’s AI deal under federal investigation

The Federal Trade Commission is investigating a recent Microsoft deal with artificial intelligence startup Inflection, according to a person familiar with the matter, as US antitrust regulators ramp up scrutiny of the red-hot AI industry.  
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Source: CNN Business

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