GREY Journal Daily News Podcast

Apple TV+ incurs annual losses exceeding $1 billion despite having 45 million subscribers. The company allocates over $5 billion yearly to create original content, contributing to a total of over $20 billion spent since 2019. Apple TV+ captures only 0.2% of overall U.S. viewership. Competitors like Netflix and Disney+ surpass Apple TV+ in subscriber numbers, with Netflix at over 300 million and Disney+ at about 125 million. Apple prices its subscription at $9.99, lower than Netflix’s and Disney+’s options. To attract new subscribers, Apple offers three free months with device purchases and includes the service in student plans. Although the losses are significant, they represent a small fraction of Apple's total revenue, which reached $124.3 billion in the last quarter, with $26.3 billion from Services. Apple TV+ holds a collection of over 80 movies and 120 shows and has received multiple awards, including an Oscar for "Coda."Learn more on this news visit us at: https://greyjournal.net/news/

The Boston Celtics reached a sale price of over six billion dollars, marking a historic moment in sports. Bill Chisholm, managing partner at Symphony Technology Group, agreed to purchase the team for $6.1 billion, pending NBA Board of Governors approval. This sale exceeds the previous record of $6.05 billion set by the Washington Commanders in 2023 and the NBA record of $4 billion established by the Phoenix Suns. Chisholm, a Massachusetts native with a net worth of approximately $10 billion, brings extensive knowledge of the franchise. If the sale occurs, the Grousbeck family, current majority owners, could realize an estimated return on investment of around 1,700%. Learn more on this news visit us at: https://greyjournal.net/news/

The Federal Reserve maintains its benchmark interest rate while projecting two potential rate cuts within the year, despite persistent inflation concerns. Economic growth forecasts decrease to 1.7% for 2025, and inflation expectations rise to 2.7%, above the target of 2%. Eight Federal officials express caution regarding rate reductions. Fed Chair Jerome Powell links tariff impacts from the previous administration to inflation and warns that this could hinder progress toward price stability. Investor sentiment appears positive, evidenced by an increase in the S&P 500 index. Concerns grow over potential job losses as the unemployment rate may rise to 4.4%. The Fed's interest rate holds steady at approximately 4.3%, while it adjusts Treasury holdings to reduce maturing amounts from $25 billion to $5 billion monthly, aiming to support lower long-term Treasury interest rates. Consumer behavior shows increasing caution, as indicated by modest retail sales growth following a previous decline.Learn more on this news visit us at: https://greyjournal.net/news/

Federal Reserve officials kept interest rates steady at a target range of 4.25% to 4.5%. The Federal Open Market Committee confirmed this decision, unchanged since December. Chair Jerome Powell stated that the Fed would wait for more clarity on economic policies, especially regarding tariffs. Analysts noted that the current rate maintenance was anticipated and highlighted the need for clearer guidance from upcoming FOMC meetings. Some experts cautioned that rising tariffs and inflation might restrict future rate cuts. Fed policymakers revised forecasts, projecting a GDP growth rate of 1.7% for the year and an unemployment rate increase to 4.4%.Learn more on this news visit us at: https://greyjournal.net/news/

On March 19, 2025, President Trump fired two Democratic commissioners from the Federal Trade Commission (FTC), Alvaro Bedoya and Rebecca Kelly Slaughter. The dismissed officials plan to challenge their firings in court, asserting their legality. This action strengthens Trump's control over the FTC, which enforces consumer protection and antitrust laws, and allows for new appointments that align with his policies. FTC Chair Andrew Ferguson supports the dismissals, highlighting the need for accountability. Historically, the FTC consists of three commissioners from the president's party and two from the opposition. The move raises potential legal disputes over presidential authority concerning independent agencies and may influence other entities like the Federal Reserve. Bedoya and Slaughter expressed concerns that the firings could favor powerful corporations, impacting consumers and market fairness. The Trump administration also removed several online FTC blog posts that offered public guidance, drawing criticism from advocacy groups. Senators, including Amy Klobuchar, labeled the dismissals as unconstitutional.Learn more on this news visit us at: https://greyjournal.net/news/

USDA proposes budget cuts affecting various programs. These cuts could lead to increased grocery prices due to reduced support for food safety and agricultural programs. Additionally, the decreased funding may result in higher risks of invasive species infestations, which pose threats to crops and ecosystems. Stakeholders express concern about the potential impact on food supply and market stability. The situation requires monitoring to assess long-term effects on agriculture and consumer prices.Learn more on this news visit us at: https://greyjournal.net/news/

Job switching shows limited financial benefits, with recent data indicating narrowing salary growth for both job stayers and switchers. Federal data reveals that salaries for employees who remained in their positions increased by 4.6% in early 2025, while those who switched jobs saw a slight rise of 4.8%. This change marks a drop from early 2023, when stayers experienced a 5.5% increase compared to a 7.7% increase for switchers. The quit rate decreased in 2024, reaching its lowest level since 2020, as 39.6 million Americans resigned, down from over 50 million in 2022. Many workers express difficulties in obtaining comparable positions and report feeling a lack of bargaining power. A Harris Poll indicates that 70% of Americans believe finding a better job is challenging, while 75% feel employers dominate the job market. Job seekers face lower salary offers, with one specialist accepting a role at $120,000 after earning $170,000 previously. Hiring rates have declined to approximately 3.3%, reminiscent of post-Great Recession conditions. The finance sector stands out, as banks with record earnings offer higher salaries, though expectations for bonuses at JPMorgan remain unmet.Learn more on this news visit us at: https://greyjournal.net/news/

European nations consider the fate of $300 billion in frozen Russian assets to support Ukraine's military and reconstruction efforts. The funds currently remain frozen, with concerns about potential violations of international law and financial market instability. These assets, primarily held in European Union member states, originated as reserves for the Russian central bank. G7 nations have funded $50 billion in aid for Ukraine from the interest on these assets, avoiding the complexities of confiscation. Some countries advocate for seizing the principal amount due to the estimated $524 billion needed for Ukraine's rebuilding over the next decade. Nations like France and Belgium express caution, citing high debt levels and potential negative impacts on financial negotiations and the euro's status as a global reserve currency. Economic experts debate the legality and potential market repercussions of asset seizures. The Kremlin opposes any seizure, warning of legal consequences and potential retaliation by seizing Western firms' assets in Russia. Learn more on this news visit us at: https://greyjournal.net/news/

Four Seasons launches a $200,000 private jet tour featuring stays at luxury hotels from 'The White Lotus.' This package includes private jet transport, upscale accommodations, and tailored experiences over several days. Guests will visit Maui, Palm Beach, and Sicily. This initiative serves as a marketing strategy, with Four Seasons collaborating with the show's creators prior to the release of Season 1. The initiative increases brand visibility and enhances travel experiences for fans of the series.Learn more on this news visit us at: https://greyjournal.net/news/