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All hollows eve: Halloween celebrations get bigger nearly every year

All hollows eve: Halloween celebrations get bigger nearly every year

10/28/23 7:00PM

All Hallows’ Eve

Every year, neighborhoods the world over are swarmed with little witches, tiny ghosts, and pocket-sized pumpkins, knocking on cobweb-adorned doors in the hopes of receiving candy, before heading home to gorge it all in one go.

The holiday behind that tradition actually traces its origins back more than 2,000 years, to the ancient Celtic festival of Samhain, in what is now Ireland, as Celts marked the night of October 31 as the boundary between the end of harvest and the beginning of the dark winter. But, these days no country loves Halloween quite like the USA. Indeed, this year a whopping 73% of Americans will be celebrating the hair-raising holiday in some capacity, up 4% from 2022 and some 15% from 2020, when going door-to-door for freebies was the last thing on our minds. Compared with the 56% of Britons and 45% of Canadians who reportedly celebrate, the US reigns supreme in spookiness.

An important distinction, however, is between Halloween and Día de los Muertos, a traditional Mexican holiday on Nov. 1 and 2, which is observed by more than three quarters of Mexicans.

If you’ve got it, haunt it

Although many countries observe Hallow’s Eve, no one spends to spook quite like Americans. The National Retail Federation, which has been running surveys of Halloween spending and participation for decades, estimates that total Halloween spending in the US will reach a record $12.2 billion in 2023 — only slightly less than the entire GDP of Namibia — surpassing last year’s $10.6 billion.

The bulk of the spending spree is expected to go on costumes ($4.1 billion), decorations ($3.9 billion) and, of course, candy ($3.6 billion). While ‘tricks’ preceded ‘treats’, with Halloween pranks dating back to the 19th century, giving out Halloween candy became widely popular in the States after WWII, when sugar rationing ended.

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Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian

Rivian may have some competition in its electric delivery van division: Bloomberg reports that Amazon is testing a small number of GM’s BrightDrop vans for its fleet.

According to Amazon, the test currently only includes a dozen of the vehicles. Amazon’s fleet also contains EVs from Ford, Stellantis, and Mercedes-Benz.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

business

Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

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