Here's what's new on Prime Video, Paramount+, Netflix, Hulu, Peacock, Disney+ and Apple TV+ this weekend.
What we're watching: New holiday comedies, a showcase of up-and-coming stand-up comedians and never-before-seen footage from Michael Jackson's "Thriller."
On both sides of the Atlantic, a favorable trend — a consistent stretch of slowing price gains as inflation edges closer to pre-pandemic norms — is underway.
Why it matters: Inflation has plunged from nosebleed levels, and by some measures is approaching the 2% sweet spot targeted by central bankers. In the U.S., it's happened with little economic turmoil and solid consumer activity.
Trian Fund Management made it clear Thursday morning that Disney's addition of two highly respected business leaders onto its board was not enough to nudge the activist hedge fund to back down.
Why it matters: Trian's reaction to the move and its punchy statement Thursday makes it all the clearer that the fund plans to nominate its own directors and launch an all-out proxy fight.
When trucking company Yellow went bankrupt in August, it seemed that U.S. taxpayers would eat much of a $700 million loan from the pandemic-era CARES Act.
Why it matters: There's an offer on the table that would repay every dime. But a large number of prominent politicians, from both sides of the aisle, are asking the Treasury Department to punt.
The UAW's historic strike earlier this year cost the Big Three automakers billons in profits, new data shows.
Why it matters: The automakers — GM, Ford and Stellantis — still expect to rake in multibillion dollar profits this year, in part buoyed by high vehicle prices and increased trucks and SUVs sales.
The Federal Reserve’s preferred measure shows inflation was 3% in October compared to the same month a year ago, the Commerce Department said on Thursday.
Why it matters: The data is the latest to confirm that price gains across the economy are continuing to slow, allowing some relief for the American consumer.
Driving the news: The latest numbers from the U.S. Bureau of Economic Analysis, out Wednesday, showed that total corporate profits in the third quarter grew 3.3% to an annualized rate of $3.28 trillion.
Young and low-income Americans are experiencing inflation at higher rates than other folks, finds a report out Wednesday from the Federal Reserve Bank of New York.
Why it matters: Though inflation rates have come down this year, they're still elevated — which especially hurts lower-income Americans, who are far more likely to feel the pain of higher prices.
Here are this year's new holiday albums from artists including Cher, Pentatonix, Jon Pardi and members of the Philadelphia Eagles.
What we're watching: On top of new releases, five-time Grammy winner Mariah Carey is in the middle of her holiday music tour, Merry Christmas One and All.
