November 14, 2024
Business - 11/14
πŸ“ˆ US Inflation Matches Expectations at 2.6%, πŸ”Ž FBI Raids Polymarket CEO's Apartment...
πŸ“ˆ US Inflation Matches Expectations at 2.6% US inflation rose to 2.6% in October, meeting expectations and hinting at potential Federal Reserve rate cuts. πŸ”Ž FBI Raids Polymarket CEO's Apartment The FBI raided the NYC apartment of Polymarket CEO Shayne Coplan, but the purpose of the search is unclear. πŸ’° Klarna Files for US IPO Klarna, the buy now, pay later company, filed for an IPO in the US, valuing it at around $15 billion. βš›οΈ Small Nuclear Reactors Report Results Small nuclear reactor companies Oklo and Talen will share financial results, as their sector gains attention in meeting AI's power demands. πŸ“‰ Robinhood Expands with New Altcoins Robinhood has added new altcoins, including solana and cardano, to its US trading platform. πŸš— Volkswagen Boosts Investment in Rivian Volkswagen increased its investment in Rivian to $5.8 billion to leverage its EV technology. πŸ“° Jobless Claims and Earnings Anticipated Jobless claims and producer price index data are expected on Thursday, along with big earnings. πŸ“ˆ Cisco Raises Annual Revenue Forecast Cisco has raised its annual revenue forecast, driven by increased AI-related demand. ✈️ Spirit Airlines Faces Bankruptcy Concerns Spirit Airlines faces bankruptcy concerns due to a 59% stock plunge and ongoing debt restructuring talks after a failed JetBlue merger. 🏈 DraftKings, FanDuel Hit by Payouts DraftKings and FanDuel are facing lower revenues due to high sports bettor payouts from recent favorable NFL outcomes. 🏒 NYC Bill Shifts Broker Fees to Landlords A New York City bill will require landlords to pay broker fees starting May, potentially lowering moving costs for renters. πŸ” Marc Lore's Wonder Acquires Grubhub Billionaire Marc Lore's startup Wonder is acquiring Grubhub for $650 million to expand its restaurant empire. πŸ“‰ Advertisers Return to X After Election Some advertisers are expected to return to X for political leverage after Donald Trump's election win, despite a decline in ad spending.
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