Watson’s Weekly 20-07-2024

This is an amalgamation of the “best bits” of the daily weekday newsletter/blog woven together to form a concise and coherent view on the things that matter in the commercial and economic news of the week. 

THE COLOURED HIGHLIGHT REFERS TO THE EDITION WHERE THE STORY APPEARED IN WATSON’S DAILY. Clicking on the day will take you to the appropriate edition of Watson’s Daily.

IN BIG PICTURE NEWS...

This was the week when everyone reacted to Trump getting shot, when chip stocks took a beating and when Netflix hit record revenues…

IN ENERGY NEWS…

IN COMMODITIES NEWS…

IN BUSINESS AND EMPLOYMENT TRENDS NEWS...

IN BUSINESS TRENDS NEWS…

IN EMPLOYMENT TRENDS…

IN AUTOMOTIVE NEWS...

IN EV NEWS…

IN CONSUMER & RETAIL NEWS...

IN CONSUMER NEWS…

  • UK retail spending is rising, according to the latest figures from Kantar. It was interesting to see that sales at supermarkets boomed with the Euros football frenzy but grocery price inflation fell to its lowest level since September 2021.

IN RETAIL NEWS…

IN TECH NEWS...

IN MEDIA NEWS…

  • Netflix announced record revenues thanks to a combo of hit shows and the success of the ongoing crackdown on password-sharers. New subscriber numbers came in above Wall Street expectations and Netflix lifted its revenue forecasts for the full year.
  • French ad giant Publicis announced better-than-expected Q2 results which prompted it to raise its full-year earnings guidance as well. The fortunes of ad agencies can act as a useful lead economic indicator, so a recovery in ad spending overall is quite a positive sign for the global economy.

IN MISCELLANEOUS NEWS...

BANTER

My favourite “AND FINALLY” video this week was the “tricky challenge” one! Have you tried it yet??

 

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