Stocks drift to mixed finish after inflation data hints at rate cuts
U S stocks closed mixed as inflation data reinforced expectations for a Dec rate cut. The S P 500 barely changed, Dow rose 47 points, Nasdaq slipped 0 3 percent. Bond yields softened but pared losses. Rivian jumped 13 7 percent on news of a joint venture with Volkswagen Group.
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New York
U.S
Federal Reserve
Fed
Lindsay Rosner
Goldman Sachs Asset Management
CME Group
Treasury
Donald Trump
Scott Wren
Wells Fargo Investment Institute
Wall Street
Rivian Automotive
Electric Vehicle Company
Volkswagen Group
Infowars auction tests Jones fate in bankruptcy sale
The Infowars auction for its assets proceeded amid Alex Jones facing possible loss of platforms after a bankruptcy triggered by nearly 1.5 billion in defamation judgments to Sandy Hook families. Sealed bids were opened to determine if Jones or allies can keep Infowars, with results pending and bids from allies like Roger Stone noted.
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Associated Press
Dogecoin Surges After Trump Allocation of DOGE Title
New York reports dogecoin rallying after Donald Trump election win and his naming of Elon Musk to a Department of Government Efficiency also known as DOGE. Crypto fans hail potential use cases and Musk’s support while Bitcoin nears record highs and dogecoin hits multiweek peaks.
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Wow
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Cryptocurrency
Donald Trump
Trump
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Department of Government Efficiency
DOGE
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GOP
Vivek Ramaswamy
Wonder Group to Buy Grubhub from Just Eat Takeaway for 650 Million
Wonder Group will acquire Grubhub from Just Eat Takeaway for 150 million in cash and 500 million in senior notes, far below Grubhub's 7.3 billion 2020 sale price. The deal, set to close in Q1 2025, aims to boost growth and cash generation with regulatory approval pending.
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Jones
Austin
Texas
Infowars
New York
Just Eat Takeaway.com
Grubhub
U.S
Wonder Group
Just Eat Takeaway. Com
Jise Green
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