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What happens if actors, writers and studios wont agree?

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It’s the disagreement that has shut down Hollywood, and as the days tick along, the impact will soon be felt by viewers everywhere.

The distance between the parties on the main issue at hand, pay and the role of AI, are so vast, it’s probably time to ask a simple question.

What happens if they can never agree?

Negotiators from the Writers Guild of America (WGA) and representatives of major studios met to discuss the possibility of resuming contract talks amidst the three-month-long Hollywood writers’ strike.

However, the guild stated that no agreement was reached during the meeting.

According to the WGA, the Alliance of Motion Picture and Television Producers (AMPTP), which represents studios such as Walt Disney and Netflix, expressed the need to consult with its member studios before proceeding with further negotiations. The AMPTP has not issued a public statement following the meeting and has yet to respond to requests for comment.

The writers’ strike began on May 2, with approximately 11,500 members of the Writers Guild of America demanding better pay, fair streaming residuals, and other issues, including restrictions on the use of artificial intelligence.

In its statement after the meeting, the WGA revealed that while the AMPTP was open to increasing offers on specific TV minimums for writers and discussing AI-related matters, it did not show willingness to address other important concerns raised by screenwriters and other proposals.

The guild emphasized the need for a comprehensive response from the AMPTP on all work areas, along with addressing issues stemming from the strike, including extending health care benefits, additional plan funding, reinstating striking writers, and arbitrating disputes arising during the strike.

The dual strikes involving both writers and actors have had a significant negative impact on the economy, affecting various small businesses supporting the entertainment industry, such as florists, caterers, and costume suppliers.

No agreement

Before the meeting, both the writers’ guild and studios exchanged pointed statements.

The WGA’s negotiating committee called on studios to abandon the tactics used during the previous writers’ strike in 2007-08, accusing them of spreading misinformation about the strike’s real impact.

The AMPTP responded by stating that the discussion would determine if they have a willing bargaining partner and that their main focus is getting people back to work.

The strikes have resulted in significant disruptions, halting most work on scripted series for the upcoming fall TV season and film production. Warner Bros Discovery warned investors that the strikes’ uncertainty could lead to delays in film releases and impact content production and delivery.

Surviving the strike

Many streaming platforms and entertainment providers are now looking to live linear broadcasting to overcome the challenges faced by an ongoing strike.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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