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Here’s how cash-strapped consumers and school districts dragged down Scholastic earnings

admin by admin
July 18, 2024
in Business
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Here’s how cash-strapped consumers and school districts dragged down Scholastic earnings
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Scholastic Corp. late Thursday reported lower-than-expected quarterly earnings, saying that “increasing pressure” on consumer spending hit its book-fair business and a slowdown on school book-buying did the same for its education segment.



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kobeissiletter The Kobeissi Letter @kobeissiletter ·
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BREAKING: OpenAI whistleblower Suchir Balaji has been found dead at age 26 in his San Francisco apartment.

Prior to his death, Balaji publicly accused OpenAI of violating US copyright law with ChatGPT.

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BREAKING: MicroStrategy, $MSTR, is joining the Nasdaq 100 index.

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13 Dec

This is wild:

US Federal government spending hit a whopping $669 BILLION in November.

As a result, the 6-month average of government expenditures rose to ~$600 billion, near the highest since 2020-2021 when the most aggressive economic stimulus in history was conducted.

At the…

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13 Dec

The labor market is cracking:

New job postings on Indeed fell 38% year-over-year last week and now stand at the lowest level since August 2020.

Job postings have dropped for nearly 3 years straight and are now down 49% since the February 2022 peak.

As a result, new available…

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