iPhone 15. series provided by apple
Apple announced that it had approved $110 billion in stock repurchases, the largest ever.
Apple revealed its share buyback plan during its fiscal second quarter (January to March) earnings announcement after the market closed on the 2nd (local time). The stock repurchase amount is a 22% increase from last year’s $90 billion, making it the largest ever. In addition, Apple also decided to pay a dividend of $0.25 per share.
Apple’s first quarter sales, disclosed this day, were $90.75 billion, which exceeded the market estimate ($90.01 billion) compiled by market research firm LSEG. Earnings per share were $1.53, beating the forecast of $1.50.
However, compared to the same period last year, sales fell by 4% and net profit also fell by 2%. iPhone sales ($45.96 billion), which account for more than half of Apple’s total sales, were similar to market expectations ($46 billion), but down more than 10% compared to a year ago ( $51.33 billion).
CEO Tim Cook said the company has “big announcements planned” on AI at its new iPad launch next week and its annual developer conference in June.
Meanwhile,
Mr. Jazouli Invites Basque Operators To Seize Investment…
”Morocco offers significant economic assets, namely stability, proximity, a young workforce and high-level training in new professions,” Mr. Jazouli told the press, at the end of a high-level business meeting on the promotion of Morocco’s investment opportunities among Basque operators.
”After the Barcelona stage on Monday, we made contact with the operators of the autonomous community of the Basque Country, with whom we maintained very interesting exchanges, presenting the enlightened Vision of HM King Mohammed VI on the development of investments in Morocco,” noted the Minister Delegate.
Thanks to the new Investment Charter, which allows foreign operators to have a clearer vision of the business climate, Morocco has given new impetus to the promotion of investments, noted Mr. Jazouli.
The Minister Delegate led a large delegation to this high-level business meeting, the third after that organized last May in Madrid and that of Barcelona, held on Monday. The delegation notably included the Moroccan Agency for Investment and Export Development (AMDIE) and the General Confederation of Moroccan Enterprises (CGEM).
The program included working meetings with Spanish business leaders in key business sectors, such as automotive, aeronautics, rail, renewable energies, household appliances, textiles and the pharmaceutical industry.
Amazon CEO Violated Labor Laws, NLRB Judge Rules,…
Breaking the Silence: Amazon CEO Andy Jassy Violates Labor Laws
On Wednesday, a judge for the National Labor Relations Board ruled that Amazon CEO Andy Jassy violated labor laws by making “coercive statements” about unions during interviews conducted in 2022. The ruling is a significant victory for worker rights advocates who have long complained of anti-union behavior by Amazon.
The Rise of Anti-Unionism
Jassy’s statements reflect prevailing attitudes towards unions among big tech companies in America who have fought against recent calls to unionize their workforces. According to NBC News, since 2016 there have been over two dozen complaints filed with the NLRB about coercive statements made by managers during union campaigns.
An NLRB judge said that Jassy’s statements “threatened employees”.
Judge Gee’s ruling also highlights a worrying trend of corporations imposing anti-union policies on their workforces in addition to taking steps such as hiring union-busting firms and retaliating against pro-union messages online.
A Reckoning for Big Tech
The pushback against big tech’s anti-union stances has been met with determination among workers and labor organizers alike. These groups point out that unions are an essential tool for protecting workers’ rights, increasing wages,
Sony And Apollo Make $26 Billion All-Cash Offer…
Sony, Apollo Make $26 Billion All-Cash Offer for Paramount Sony and Apollo express interest in Paramount
Sony and Apollo have recently made a substantial $26 billion all-cash offer to acquire Paramount. This bold move by the Japanese electronics giant and the global investment firm has piqued considerable interest within the entertainment industry, as it could potentially reshape the landscape of the film and media sector.
This audacious bid signifies Sony’s ambition to expand its presence in the movie industry and solidify its position as a major player. With a rich history in consumer electronics and successful forays into the entertainment world with various film franchises, Sony is determined to capitalize on Paramount’s established catalogue.
Apollo, renowned for its investments in a wide range of industries, has also recognized the strategic value of acquiring Paramount. This move aligns with the firm’s goal of diversifying its portfolio and tapping into the lucrative entertainment realm.
Analyzing the implications
The joint offer from Sony and Apollo carries significant implications for the future of the film and media industry. As it stands, Hollywood has been experiencing a wave of consolidation, with major studios merging or partnering to combat the increasing dominance of streaming services and the challenges posed by the ongoing pandemic.
Why The Inheritance Tax Is Unpopular Even Though…
Almost every year, polling institutes question the French on inheritance taxation. Apart from a few percentages, the results are unequivocal: a large majority of participants are in favor of their reduction. According to the latest Odexa study for the magazine Challenges of April 25, 84% of respondents want parents to transmit “as much heritage as possible for their children” and 77% find that this tax is unjustified. In 2022, an Opinionway survey-The echoes concluded that 81% of French people were against an increase in inheritance taxes. This tax is much more unpopular than the others, according to the study.
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Rigorous Maneuver, But Effective And Fair?
Photo by ckOrangeThe corrective maneuver contained in the Legislative Decree 78/2010 was necessary both for a sudden market crisis and for reduced growth aggravated by a growing and very high public debt. Everyone knows all this.
It is clear that the more the gross domestic product decreases, the more public debt forces people to borrow through the issuing of government bonds. But if this factor is added to the depreciation of these on the stock market it can cause greater debt.
And government bonds are traded on the “stock exchange”. With government bonds the state asks the citizen for a loan and guarantees its repayment upon maturity plus interest.
In the stock market, as in all markets, the law of supply and demand. The higher the supply of a product, the lower its value becomes. But how is it possible for a financial speculator to bankrupt a state, for example Italy? Selling their titles en masse.
This does not happen simply due to an appreciation or non-appreciation of the “fundamentals” of the issuing state, i.e. the actual solvency capacity and the solidity of its economy, but this also depends on the “mood” of the market and the “leverage effect” caused from particular financial instruments.
Minimum Wage 2024. What Is The Minimum Hourly…
#Minimum #wage #minimum #hourly #wage
The minimum hourly rate applies to contracts of mandate (Article 734 of the Civil Code) or contracts for the provision of services to which the provisions on mandate apply (Article 750 of the Civil Code).
The minimum hourly rate has been introduced since 2017. Currently, from January 1, 2024, the minimum hourly rate is PLN 27.70 gross.
Hourly rate and minimum wage from July 2024.
The minimum wage in 2024 will change twice. From January 1, 2024, it is PLN 4,242 gross, and from July 1, 2024, it will be PLN 4,300 gross.
The next increase in the minimum hourly rate will also take place in July 2024 – the rate will increase to PLN 28.10.
In subsequent years, this rate will be indexed to the extent corresponding to the increase in the minimum wage for employees.
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Sony And Apollo Offer $26 Billion All-Cash Deal…
Highly Respected News Website Sony and Apollo Join Forces
Sony Corporation and Apollo Global Management have recently emerged as frontrunners in the fierce battle to acquire Paramount, the renowned American film and television studio. The heavyweight companies are ready to join forces and present a remarkable all-cash offer, reaching a staggering $26 billion. This ambitious bid signifies a major shakeup in the entertainment industry as both entities aim to solidify their positions in the market.
Paramount’s Appeal to Sony and Apollo
Paramount’s illustrious history, extensive catalog, and valuable intellectual property have attracted Sony and Apollo. With a desire to expand their portfolios and tap into Paramount’s vast potential, the all-cash offer demonstrates the determination of both companies to make their mark in the film and television sector.
Remarkable Bid Marks Renewed Industry Dynamics
The strategic partnership between Sony and Apollo comes in the wake of Paramount’s turbulent journey, plagued by financial setbacks and ownership changes. This extraordinary bid not only breathes new life into the studio but also anticipates a significant shift in the competitive landscape of the entertainment industry.
Implications for the Entertainment Industry
If successful,
Peloton: CEO Resigns, 400 Employees Leave This Is…
Peloton is a popular fitness bike. Peloton
Peloton CEO Barry McCarthy has resigned, the fitness company announced Thursday.
It also announced the layoffs of 400 employees, representing 15 percent of its total workforce.
After reaching new highs during the pandemic, the company recalled products, laid off employees and saw sales and stock plunge.
This is a machine translation of an article from our US colleagues at Business Insider. It was automatically translated and checked by a real editor.
Peloton CEO Barry McCarthy has resigned, the fitness company announced on Thursday announced. It also announced that it would lay off 400 employees, representing 15 percent of its total workforce.
Peloton said the layoffs were part of a broader restructuring effort to reduce annual expenses by more than $200 million (approximately 187 million euros) by the end of fiscal 2025. This also includes reducing retail space and rethinking the company’s international approach.
McCarthy replaced John Foley as CEO and President of Peloton in February 2022.
Peloton, one of the pandemic winners, saw business boom during the waves of lockdowns. Since then, however, the company has recalled products,