Apple event, Arm Holdings IPO, UAW deadline, 9/11 anniversary top week ahead
On Monday, the 22nd year since the 9/11 attacks will be remembered through memorials in various places such as New York, Washington, D.C., Shanksville, Pennsylvania, and more. These events aim to honor the lives lost in the terrorist attacks that took place in America.
Towards the end of the week, there will be an increase in revenue and economic information. In addition, there is a huge initial public offering (IPO) anticipated during the middle of the week, which is projected to be the biggest event of 2023. Moreover, there is an important deadline coming up for the United Auto Workers.
The President of UAW has criticized General Motors for their offer before the deadline for autoworkers, stating that it was insulting.
At the same time, the primary U.S. stock indexes ended on a positive note on Friday, however, they also recorded decreases over the course of the week.
Each of the three has experienced a decline this month, with the Nasdaq Composite, which is mostly made up of technology companies, leading the way with a drop of more than 1.9%.
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As the 22nd anniversary of the most horrific terrorist attack on American soil approaches, various memorials and museums across the nation are preparing to commemorate the victims of 9/11.
In other locations, top officials from Nvidia are scheduled to talk at Bank of America's conference on Global Artificial Intelligence, while Jamie Dimon, the CEO of JPMorgan, is set to attend the Barclays Global Financial Services Conference.
The 'Coffee Cup Test', a method used by business executives during job interviews, has become popular online and some people are calling it manipulative. The test involves providing candidates with a hot drink and then observing how they handle it. The idea is that someone who is confident and capable will hold the cup with one hand, while someone who is nervous or less competent will hold it with both hands. While some recruiters argue that the test provides valuable insight into a candidate's behavior and personality, others believe it is a superficial and unfair way to judge someone's abilities. The debate around the Coffee Cup Test highlights the importance of ethical hiring practices and the need for employers to consider a range of factors when making hiring decisions.
There are reports that Apple is preparing to present the latest version of their smartphone, which is assumed to be called the iPhone 15. This announcement is highly anticipated by technology enthusiasts and Apple fans around the world. It is speculated that the phone will have new features and improvements as compared to the previous models. At this point, no one knows for sure what the new iPhone will look like or what features it will offer, but many are eagerly waiting to find out.
On Tuesday, Apple is going to reveal its newest phone, which will be called the iPhone 15. This is a very important event for people who invest in Apple because they are eager to know what new features the phone will have. Apple's stock has done really well so far this year, increasing by 37%, which is more than the S&P 500's increase of 16%.
A demonstrator threw a pie in the face of the Chief Executive Officer of a group of airlines, in a show of protest. The incident occurred during an event where the CEO was giving a speech to investors. A member of the audience got up from his seat, approached the stage and threw a pie in the CEO's face, before being restrained by security. The protester was said to be expressing his anger about the airline group's policy on the environment, and its contribution to climate change. The CEO was reportedly unharmed, but the incident caused a disturbance and the event was temporarily disrupted. The airline group later released a statement condemning the protest as "totally unacceptable", and saying that it would be filing charges against the protester.
It is anticipated that Arm Holdings will release the biggest IPO in the year 2023.
Arm Holdings, which is owned by SoftBank Group, is hoping to be valued at over $52 billion during its upcoming IPO. The IPO is scheduled to set its price by Wednesday evening.
ARM shares will be available for trading on the Nasdaq exchange with the abbreviation ARM.
On July 19, 2016, people who were walking on the sidewalk passed by a shop owned by SoftBank Group Corp. in Tokyo.
According to a legal document, the Japanese business is proposing to sell 95.5 million American depository shares of Arm, a corporation based in the United Kingdom, for a value ranging from $47 to $51 each. They are hoping to obtain close to $4.87 billion if they are able to fetch the highest amount for each share.
The Initial Public Offering (IPO) is set to be the biggest one yet, surpassing even Rivian's previous record-breaking debut in 2021.
There's been an update on the economy with the release of the Consumer Price Index, which provides information on inflation. Experts think there's going to be a slight increase with a rise of 0.6% from the previous month, which was only 0.2%. When looking at the whole year, we might see prices go up by 3.6%, compared to the 3.2% increase we saw earlier.
The city of Los Angeles has authorized the demolition of Marilyn Monroe's residence where she passed away.
The UAW has set a deadline for Thursday for reaching a new agreement with Ford, Stellantis, and General Motors.
The workers' union is demanding a salary increase of 46% throughout the four-year deal, and they want various extra perks, such as a shorter workweek of 32 hours. Also, they want to receive payment for 40 hours of work, even though they will only work 32 hours. The union represents employees at Stellantis, which owns Ford, GM, and Dodge. However, the UAW turned down Stellantis' most recent proposals in the previous month.
On Wednesday, August 23, 2023, Shawn Fain led a group of protestors during a UAW demonstration outside the Stellantis Mack Assembly Plant in Detroit, Michigan. Fain, who serves as president of the United Auto Workers, walked at the front of the group as they participated in a practice picket.
In the meantime, there will be reports on the economic status such as initial jobless claims and retail sales. These reports will give new insights into the back-to-school spending and the Producer Price Index will be used to measure the level of inflation in the wholesale market.
Today, there are economic reports scheduled to be released regarding both import and export prices.
There are some significant events happening this week including Apple's keynote event, the debut of Arm Holdings' initial public offering, the United Auto Workers' deadline for General Motors to make a deal, and the commemoration of the 20th anniversary of the 9/11 attacks. These events are expected to make headlines and have a significant impact on various sectors.
