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FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
United Airlines and Nvidia bookend list of 15 soaring S&P 500 stocks in October
Two airlines and two cruise lines make the list of the month’s best performers in the U.S. benchmark index.Business - MarketWatch - October 31 -
Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO
Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.Business - MarketWatch - October 31 -
UK borrowing costs soar day after Labour government unveiled tax-raising budget
U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing.Business - CNBC - October 31 -
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Palantir’s stock soars as earnings make at least one bear rethink his view
A Morgan Stanley analyst strips his “underweight” rating as Palantir’s latest results go against three elements of his prior bearish stance.Business - MarketWatch - November 5 -
North Dakota voters reject bid to end property taxes, which have soared nationwide since 2019
Measure 4 would have cost the state an estimated $3.15 billion over two years.Business - MarketWatch - November 6 -
E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain
E.l.f. Beauty raised its full year guidance after posting a 40% jump in sales.Business - CNBC - November 6 -
Geo Group and CoreCivic move guidance in opposite directions, a day after both prison stocks soared
Prison operators GEO Group and CoreCivic moved their guidance in opposition directions on Thursday, after both companies’ stock had surged in anticipation of higher immigrant detentions by ...Business - MarketWatch - November 7 -
‘Used like taxis’: Soaring private jet flights drive up climate-heating emissions
Analysis of 19m flights between 2019 and 2023 reveals 50% rise in emissions, condemned as ‘gratuitous waste’. Private jet flights have soared in recent years, with the resulting climate-heating ...World - The Guardian - November 7
