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Prime Day 2.0

Amazon is planning on hosting a second Prime Day sale this year which will occur on October 11 and 12. This will be the first time in Amazon’s history that they will host two Prime Day sales in the same year.

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American Airlines and JetBlue Face Antitrust

American Airlines and JetBlue have recently entered into an agreement that has sparked concern for competition throughout the airline industry. The two companies agreed back in 2020 to sell seats on one another’s flights, pool airport slots, and coordinate schedules, especially throughout the New York and Boston areas.

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Apple Moving Manufacturing to India

Apple’s recent release of the iPhone 14 will be met with a shift of production into India. The company has for a long time utilized China for manufacturing needs, however, recent geopolitical tension between the United States and China coupled with strict Covid-19 policy has led the company to make the decision to begin the bulk of its manufacturing within India.

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HSBC Telling Investors to Avoid European Stocks

Investors should avoid allocating to Europe in the hunt for value stocks, as the continent’s energy crisis means the risk-reward is still not there, according to Willem Sels, global CIO at HSBC Private Banking and Wealth Management.

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British Pound to be Renamed Ounce

The U.K.’s beleaguered pound hit its lowest-ever level against the U.S. dollar before recovering slightly Monday, as investors worried about the government’s plans to cut taxes and the Bank of England warned it would raise interest rates as much as needed to hit its inflation targets.

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Germany Nationalized its Biggest Gas Importer

On Wednesday the German government entered a new deal to nationalize its largest gas importer, Uniper, as a response to significant energy shortages ushered in by Russia's military fight in Ukraine.

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Adobe Acquires Figma for $20 Billion

Adobe has agreed to purchase design software company Figma for $20 billion which has come as a huge surprise considering the rough year the tech sector has been experiencing

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Ford Decides to Keep Foot on the Gas

Despite just about every car maker everywhere turning their heads towards the development of electric vehicles, Ford Motor has recently stated that for the time being their well-known Mustang will stick with a traditional gas-powered motor.

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Home Prices Are Crashing

Homebuilder sentiment in September fell 3 points to 46 in the National Association of Home Builders/Wells Fargo Housing Market Index. Anything below 50 is considered negative.

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AmEx Hiring 1,500 Tech Workers

American Express is on the hunt for software engineers, coders and developers, part of a 1,500-person hiring spree for its sprawling technology arm.

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Porsche Valued $78 Billion

Shares for Porsche are set to begin trading on September 29, and while the initial estimated value of the company went as high as $84 billion it would seem that the share price will fall between $76.50 and $82.50 leaving the total value of the company somewhere around $78 billion. 25% of Porsche will be available in hopes that the company will raise as much as $19.5 billion.

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Google Loses Appeal in Record Antitrust Fine

Google suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up pressure

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Automating The Farm

Deere & Company, manufacturers of the well-known John Deere tractors, has been dominating the farming industry for decades as the company is the leading producer of heavy machinery used for harvesting, planting, weeding, and more. The company has recently stated that its ambitions to stay at the top will require the company to invest more heavily into technology allowing for the potential of automated farming equipment, and this is exactly what the company intends to do.

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Peloton Shakeup

Peloton said co-founder John Foley and other senior leaders are leaving the company in a management shake-up as the maker of connected exercise equipment races to turn itself around.

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Blue Origin Engine Failure

Blue Origin experienced its first failed flight on Monday as the launch of the company’s Shepherd rocket experienced engine failure shortly after takeoff.

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Starbucks Turnaround is Here

Starbucks is expected to unveil a reinvention plan Tuesday as the coffee giant grapples with changing consumer behavior, outdated store designs and a union push in the U.S.

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Netflix Ubisoft Partnership

Netflix has announced a new partnership with Ubisoft, a popular European gaming developer with several AAA video game franchises such as Assassin’s Creed, Far Cry, and numerous Tom Clancy games.

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Check or Checkmate? The Gamesmanship Behind the EU Energy Crisis

European leaders are fighting to contain an energy crisis that is driving economic turmoil across the bloc and piling huge cost pressures onto millions of consumers and businesses. Brussels is gaming out radical measures to lower energy prices which will be discussed by EU country representatives on Wednesday ahead of an emergency meeting of energy ministers on Friday. The proposals include a price cap on Russian gas, new benchmarks for EU-wide gas price setting and a command-and-control allocation of gas to needy countries in an emergency

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The Apple Ad Saga

As previously reported by Brookfield Brief, the release of Apple’s App Tracking Transparency feature has caused the company to have to rethink its methods of raising money. As the feature can significantly increase user satisfaction by ensuring greater data privacy and transparency, the company has lost significant sums due to decreased ad revenue.

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Juul Settlement Exceeds $438 Million

Juul Labs agreed to pay at least $438.5 million in a settlement with more than 30 states, the latest step by the beleaguered e-cigarette maker to resolve allegations that it marketed its products to underage users.

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Energy Trading Weighted Under Trillions in Margin Calls

European energy trading is being strained by margin calls of at least $1.5 trillion, putting pressure on governments to provide more liquidity buffers, according to Norway’s Equinor ASA.

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Instagram Fined $403 Million

Instagram is in a legal battle with Ireland’s data regulators as they have fined the company $403 million claiming that they failed to protect data for accounts made by minors.

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Porsche IPO

Big news for Porsche was confirmed on Monday when parent company Volkswagen stated that the iconic sports car manufacturer will move forward with an IPO that could be valued as high as $84 billion.

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Jerome Powell Issues Stark Statements

Federal Reserve Chair Jerome Powell delivered an address this morning at the central bank’s annual Jackson Hole meeting in which he warned of tightening policies “for some time.” Risk markets have shuddered in the wake of his comments.

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China Tech Sector Hits Slump

A recent surge of covid-19 cases throughout China is causing concern for some of the country’s leading tech companies as the zero-covid policy is dropping profits.

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