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Bloomberg Businessweek
US Payrolls, Wages Pick Up in Jobs Report Dotted With Caveats
Jan 5, 2024
43:35
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Joanie Bily, Chief Workforce Analyst at Employbridge, discusses the December jobs report. Dale Falwell, North Carolina State Treasurer, shares his mission and a Bloomberg story. Hedge fund investor David Tepper's successes and failures are highlighted. TikTok's expansion into e-commerce and disruption potential is explored. The current state of the market, interest rates, and investing in the market are discussed.
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Quick takeaways
- TikTok plans to expand its e-commerce business in the US, posing a potential threat to Amazon and creating a seamless shopping experience for users.
- The recent strong labor market report suggests a soft landing for the economy, presenting buying opportunities in the equity market.
Deep dives
TikTok aims to grow its US e-commerce business tenfold to $17.5 billion in 2024
TikTok plans to expand its revenue model and increase the size of its US e-commerce business by tenfold to reach $17.5 billion this year. The popular social media platform launched its shop functionality before the holidays, allowing users to tag and purchase products directly within the app. This move poses a potential threat to Amazon, as TikTok combines its existing social media features with e-commerce, creating a seamless shopping experience for users. While it remains to be seen how successful TikTok's e-commerce venture will be, its growth potential and appeal to younger audiences make it a competitor worth watching.
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