ADP: Labor market growth slows dramatically in August with U.S. adding just 54K jobs vs. 75K estimate at CNBC

 

PwC: 2025 holiday spending to decline on average by 5% “…the first notable drop since 2020. 84% expect to cut back over the next six months…Gen Z respondents (ages 17 to 28)…say they expect to reduce their holiday budgets by 23%, more than any other generation.” Press release

 

Powerball jackpot jumps to $1.7 billion after another night without a big winner at AP

 

American Eagle stock soars 20% as retailer says Sydney Sweeney campaign is ‘best’ to date, beats earnings at CNBC. “Earnings per share: 45 cents vs. 21 cents expected. Revenue: $1.28 billion vs. $1.24 billion expected. Sales fell to $1.28 billion, down slightly from $1.29 billion a year earlier.” Read more

 

…AE CMO Slams Sydney Sweeney Campaign Hate at Adweek. “In sum, Ms. Sweeney moved the needle, and the brand has no regrets about the ads. “We [saw] double-digit increases across both women’s and men’s denim sales in the first six weeks of this campaign,” Brommers said. “There was a Sydney denim jacket that sold out in one day and a Sydney Jean that sold out in one week, and has been so popular that we’ll be restocking it during the holiday period.” Read more

 

Amazon Pauses Delivery Fleet Redeployments After Outcry Over Repair Costs at WSJ. “Some company owners have said they chose to close down or declare bankruptcy because they couldn’t afford the repair costs…One delivery company operator said they recently received a final repair bill for just under $100,000, which was six times the amount estimated by PAVE.” WSJ subs.

 

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Walmart’s McMillon at Goldman Sachs Conference at Talk Business. “For us, back-to-school has really been strong, and that causes us to feel good about the second half of this year…” McMillon said…He said inventory is well managed…“Between now and holiday, I feel pretty good that we know what we’ve got,” he said.” Read more

 

Here are the 68 jobs where workers’ tips won’t be taxed at CNN

 

Boar’s Head is secretly paying out millions to dozens of victims of last year’s listeria outbreak at NY Post. “Boar’s Head has paid $4 million to a Long Island widow after her husband died from eating tainted liverwurst — one of dozens of hush-hush payouts tied to a deadly listeria outbreak at the company’s Virginia plant…” Read more

 

Dollar Tree Q2 comp net sales +6.5% on +3.0% traffic and +3.4% ticket Press release

 

AI Startup Flock Thinks It Can Eliminate All Crime In America at Forbes. “I’ve talked to plenty of activists who think crime is just the cost of modern society. I disagree,” Langley says…Flock’s growth isn’t solely fueled by its 5,000 law enforcement customers…It has 1,000 corporate customers, including blue chips like FedEx, Lowe’s and Simon Property, America’s largest mall owner.” Read more

 

Amazon Prime’s free shipping perk will be restricted to household members only starting Oct. 1 at Fox Business

 

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