 | *past 24-hour performance |
| | Holdin’ steady: The Federal Reserve left interest rates unchanged at a 22-year high and signaled rates would remain elevated well into next year to keep inflation moving down. (Yahoo)
U.S. weighs largest ever draw from SPR: The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR) as the White House tries to lower fuel prices. (Reuters) CVC drops planned IPO: CVC, which competes against Blackstone, Apollo Global Management and other private-equity giants, had been preparing to launch the offering as soon as this week but has now postponed the new issue because of jittery market conditions (WSJ)
Oil to $150? Oil could hit a new high of $157 due to the ongoing Israel-Hamas war, according to the World Bank’s latest Commodity Markets Outlook (World Bank)
Just kill it already: WeWork (WE) is planning to file for bankruptcy as early as next week, in what would mark a stunning reversal for the flexible-office-space venture that was once valued at $47 billion. (WSJ)
Meta faces EU ban: The European data regulator has agreed to extend a ban imposed by non-EU member Norway on "behavioural advertising" on Facebook and Instagram to cover all 30 countries in the European Union and the European Economic Area (Reuters)
Six Flags <> Cedar Fair: Six Flags Entertainment (SIX) and Cedar Fair Entertainment (FUN) both rose on a report that the two theme park operators are in talks to merge their businesses. A deal could be announced as early as this week (Bloomberg)
UAW Ripple effect: Toyota (TM) is giving most of its U.S. auto-factory workers a 9% pay bump and shortening the time it takes to reach the maximum pay, a sign that gains made by the UAW in Detroit are starting to have a ripple effect in other parts of the auto industry. (WSJ)
Disney gets full control of Hulu: Disney said that it will acquire Comcast’s 33% stake in Hulu for an expected $8.61 billion, making the streaming service wholly owned by the Magic Kingdom. (CNN)
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| | IRS announces 2024 retirement account contribution limits: Most workers will be able to put up to $23,000 into their 401(k)s and similar workplace retirement plans in 2024, up $500 from this year, the IRS said Wednesday. Read more » | We’re just 6 months away: As of today, all eyes are on a spot BTC ETF approval – and for good reason. It is expected to boost bitcoin demand significantly from an institutional standpoint. Yet, amidst these discussions, the profound impact of the halving on Bitcoin’s scarcity and value seem to be significantly overlooked. Read more » |
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| | What does friendship look like in America? (Pew Research) These browser extensions and apps can save you money when shopping online (CNET) The great Bitcoin decoupling (Marty Bent) Why doctors in America earn so much (The Economist) The hidden culprit driving America’s apocalypse of boarded-up storefronts (Insider)
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| |  | CarDealershipGuy @GuyDealership |  |
| Wow -- thought this was fake (it's not) "give car back" searches at all-time high. try it yourself. |  | | | Oct 30, 2023 | | |  | | | 5.28K Likes 677 Retweets 304 Replies |
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