Stock Market Winners & Losers: Rising NFL Valuations Tied to Rising Media Rights | 55% of Parents go Into Debt Buying Tech for Kids School
After consecutive losing sessions, investors began buying up beaten-down tech stocks ahead of Friday's labor report. Megacap stocks like Nvidia, Meta, Alphabet, Amazon, and Apple saw gains. Private payroll data revealed the weakest growth since 2021, sparking concerns about a slowing labor market, even as jobless claims dropped to an 8-week low, showing hiring has slowed without a rise in layoffs.
In other news, singles are turning to a new TikTok trend involving supermarket matchmaking using upside-down pineapples in carts to signal interest.
The NFL’s media rights have surged, now totaling $12.4 billion annually, doubling the previous cycle. Comcast, Disney, Paramount, and Fox collectively pay $9.2 billion annually, while exclusive streaming deals with YouTube, Amazon, and Netflix add significantly to the revenue. Each NFL team now receives about $357 million from media rights alone.
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