📉 Boeing's debt was downgraded

😱 As airlines price gouge fleeing Floridians

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

An above-average newsletter we like

​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.

It's fast, free, and fun.

Recent issues:

  1. The Fed embraced rate cuts. ​What happens next?

  2. 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

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

What you had to say:

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

📈 Trends you need to know

There’s a pretty clear trend here.

🧠 What do you think?

If you're price-gouging people fleeing for their lives, you're

Login or Subscribe to participate in polls.

📊 Stocks

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

Winners and losers

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.

Ideas, trends, and analysis

  • 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.

Recommended Newsletter

🌍 Global Perspectives

  1. 🇮🇱 🇱🇧 Israel claimed to have killed the successor to Hezbollah's leader.

  2. 🇨🇳 🇪🇺 China imposed taxes on European brandy imports in apparent retaliation for EU tariffs on Chinese electric vehicles.

  3. 🇮🇳 India's ruling BJP party retained control of Haryana state in a surprise election outcome, defying exit polls.

  4. 🇰🇪 Kenya's parliament voted to impeach Deputy President Rigathi Gachagua, with 281 lawmakers supporting the motion.

📊 Crypto

  • 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.

🧠 Errata

  • 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.

📺 What to Watch Today

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

Reply

or to participate.