Stock Market Winners & Losers: Stocks Bounce After Fed Day Sell-Off | SiriusXM Adding “Smartless” to Podcast Lineup
Winner: Stocks bounce after Fed day sell-off Winner: Stocks bounce after Fed day sell-off
Federal Reserve Chair Jerome Powell signaled a shift in the central bank's interest rate plans, cautioning investors seeking rapid rate cuts. Additionally, upcoming earnings reports from major tech companies like Apple, Amazon, and Meta are anticipated, while the Friday jobs report may indicate a potential slowdown in employment.
Other Stories
- Peloton shares plummet 20% as fitness company gives dismal outlook. The stock has gone from $150 in the pandemic to $4
- Zuckerberg’s apology to families a ‘turning point’. Families blamed the toxicity of social media for the loss of a loved one.
Winner: ‘SmartLess’ podcast is going to SiriusXM for $100 million
Will Arnett, Jason Bateman, and Sean Hayes are moving their popular podcast "SmartLess" from Amazon to SiriusXM in a three-year deal worth $100 million. The podcast, launched in July 2020, has featured notable guests like President Joe Biden, Bradley Cooper, Emma Stone, and others. While the deal maintains the podcast's availability, SiriusXM subscribers will enjoy perks such as early access to episodes and additional shows. SiriusXM will have advertising and distribution rights, content control, and event management for the podcast. This move follows Amazon's previous exclusive rights deal in 2021, valued between $60 million and $80 million. SiriusXM, with about 34 million subscribers, also handles other podcasts like Conan O’Brien’s “Conan Needs a Friend” and “Pod Save America” exclusively.
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