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Fulfilling the dreams of kids and Disney adults alike got a lot pricier this Wednesday, with the most in-demand daily tickets at Disneyland rising between $7-$12, while annual passes to the park soared by as much as $125. Although the base entry fee of $104 is staying the same, the move hasn’t done much to combat the growing feeling among many people that a lot of Disney’s parks are becoming almost unjustifiably expensive. In fact, a recent report from Disney blog MickeyVisit suggests that the most expensive daily tickets for the California park have risen 114% in the last 10 years, from $96 to $206. Read more: https://lnkd.in/eAmdKRcx

Domino’s Pizza just reported third quarter earnings, with US same-store sales rising 3.0%—slightly worse than expected, and contributing to the company revising its forecast for sales growth this year. But it's still out-pizzaing the Hut, with 1000+ more locations than its closest rival. Read more: https://lnkd.in/eGER4b46

More Americans have jobs than ever before. The Bureau of Labor Statistics’ non-farm payrolls data reported that the US economy found itself with a blockbuster 254,000 new jobs in September, blowing past economists’ estimates for 150,000 new jobs. The news means that 159.1 million Americans are now employed in America — the most on record per BLS data. Full story: https://lnkd.in/eUWvWk3C

Miami tops the list of cities worldwide at risk of a housing bubble. The annual UBS Global Real Estate Bubble Index for 2024, which analyzes residential property prices in 25 major cities worldwide, revealed that Miami’s soaring housing market had the highest bubble risk with an index score of 1.79 — beating Tokyo and Zurich for the top spot. Read more: https://lnkd.in/ebQSHgp3

The latest version of the US Census Bureau’s Household Pulse Survey — a broad gauge of the economic and social issues affecting American households — found some not-so-surprising news: Americans are lonely. The survey reported that 1 in 8 people (12.6%) were feeling lonely either “always” or “usually”, including nearly a quarter (23.3%) of the younger population (those aged 18 to 29). While tech keeps trying to solve our "loneliness epidemic," it doesn't seem to be making much progress. Read on: https://lnkd.in/eFp4khPK

Apple spent billions making movies for theatrical release. It didn’t really work. Apple is now switching up its plan to pump $1 billion every year into theatrical releases, having spent more than $20 billion on a string of hit-and-miss movies and TV shows over the last 5 years. Its most recent effort, Wolfs — starring Brad Pitt & George Clooney — landed on Apple TV+ after a very limited theatrical run. Read more: https://lnkd.in/e-2gZY8w

San Francisco is still the startup capital of the world—and it's not close. While there may have been a few pandemic-era threats to the city's dominance (looking at you, Austin and Miami), SF still remains the largest hotspot for venture capital activity. Read more: https://lnkd.in/eDV-pNke

The Department of Justice has announced that it’s suing Visa for monopolizing the debit payment market, alleging that the company paid competitors like PayPal to stay out of its way, and entered into various agreements with merchants that meant they could face penalties for using alternative providers. On the face of it, Visa does *look* a lot like a monopoly. Speaking for the DOJ, Attorney General Merrick Garland stated that "Visa’s unlawful conduct affects not just the price of one thing – but the price of nearly everything." Read more: https://lnkd.in/eDiBstfj

It’s been a good few years to be in the chip-making business — but Intel missed the memo. Once the most valuable US semiconductor company, Intel has missed most of the AI wave that has propelled the share prices of its competitors. And now private equity firms and competitors are circling. Late Friday, The Wall Street Journal reported that fellow chipmaker Qualcomm has approached Intel about a potential acquisition, while Apollo is reportedly considering a $5 billion investment as the company embarks on an ambitious turnaround plan. Intel’s stock has shed more than 56% of its value since 2021, while the broader semiconductor sector has experienced explosive growth. Read more: https://lnkd.in/giY6q9RP

In the past, success in the gaming industry was straightforward. Make a game, generate buzz about it, and sell as many copies of it as possible. If it went well, you make a sequel and do it all again. But video game economics aren’t what they used to be. Read more: https://lnkd.in/eVgfM_68