November 14, 2024
Business - 11/14
📈 US Inflation Matches Expectations at 2.6%, 🔎 FBI Raids Polymarket CEO's Apartment...
📈 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. 🔎 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. 💰 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. ⚛ī¸ 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. 📉 Robinhood Expands with New Altcoins Robinhood has added new altcoins, including solana and cardano, to its US trading platform. 🚗 Volkswagen Boosts Investment in Rivian Volkswagen increased its investment in Rivian to $5.8 billion to leverage its EV technology. 📰 Jobless Claims and Earnings Anticipated Jobless claims and producer price index data are expected on Thursday, along with big earnings. 📈 Cisco Raises Annual Revenue Forecast Cisco has raised its annual revenue forecast, driven by increased AI-related demand. ✈ī¸ 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. đŸĸ 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. 🍔 Marc Lore's Wonder Acquires Grubhub Billionaire Marc Lore's startup Wonder is acquiring Grubhub for $650 million to expand its restaurant empire. 📉 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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