Hey, if you’re price-gouging people trying to stay alive in Florida, you’re an awful human being.

The Average Joe gives essential daily insights on investing in stocks and working the market.

We've been fans of these guys since 2021, and appreciate their solid, short-form analysis.

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Recent issues:

The Fed embraced rate cuts. What happens next?
Looking to bet against Nvidia or Tesla? These single-stock ETFs are attracting spec investors.

📰 Market Headlines

Wall Street ended higher as tech stocks led gains.

President Biden’s economic rating improved from B+ to A on the Yahoo Finance Bidenomics Report Card.

13 US states and DC sued TikTok for allegedly harming young users with addictive features.

Hurricane Milton is expected to cause up to $175 billion in damage, with significant losses in the Tampa and Fort Myers regions.

Soulless ghouls are price-gouging Floridians fleeing Milton’s path.

🕶️ Market Vibes

Forecasts via Kalshi, the prediction market.

What you had to say:

“Too much heat in the water. We still have 2 months of this, unfortunately…”

There’s a pretty clear trend here.

A smart businessperson

A soulless ghoul

Get $20 free shares at public.com using code ALTSCO.

Earnings, upgrades, and acquisitions

PepsiCo lowered its full-year organic revenue growth outlook to a low single-digit rise after Q3 revenue missed estimates; shares slipped 1%.

Market movers

Uber announced new sustainability features, allowing users to hail only full-electric vehicles.
AI mortgage startup LoanSnap lost its license to operate in Connecticut after violating a consent order.
Following the Epic Games lawsuit, Google ordered that the Android app store be open to competition for at least three years.
S&P placed Boeing's rating on CreditWatch negative as worker strike halts production of best-selling jets.
CarePoint Health announced plans to lay off up to 2,600 workers by year-end, marking one of the largest job cuts in New Jersey's recent history.

The US now accounts for 30% of global gas-powered electricity.
New Jersey's private sector shed 5,358 jobs in Q3 2024, bucking national trends.
Natural gas supplied a record 46% of total US power generation since June, potentially complicating the country's energy transition efforts.

🇮🇱 🇱🇧 Israel claimed to have killed the successor to Hezbollah's leader.
🇨🇳 🇪🇺 China imposed taxes on European brandy imports in apparent retaliation for EU tariffs on Chinese electric vehicles.
🇮🇳 India's ruling BJP party retained control of Haryana state in a surprise election outcome, defying exit polls.
🇰🇪 Kenya's parliament voted to impeach Deputy President Rigathi Gachagua, with 281 lawmakers supporting the motion.

Crypto.com sued the SEC after receiving a Wells notice, challenging the agency's jurisdiction over certain crypto tokens.
TON-based projects Notcoin and Dogs Community announced plans to burn $4 million worth of tokens.

An American climber and her British partner were rescued after a harrowing 80-hour ordeal at 20,000 feet in the Himalayas.
SpaceX's Falcon 9 rocket snapped a stunning selfie with Earth during the launch of Europe's Hera asteroid mission.
A museum technician accidentally trashed a beer can artwork, mistaking the piece for actual trash.