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🗓️ This Week in The Markets
Macro/Market News
This week, we saw the unemployment rate rise for the second consecutive month, with the November rate at 4.6%. This, of course, breathed fear into the markets, leading them down.
We also saw CPI inflation drop to the lowest level that we’ve seen since the tariff regime was implemented, as prices rose by just 2.7% on a year-over-year basis. This was much lower than the anticipated 3.1% increase that economists were anticipating.
The delayed retail sales figures for October were flat, which is especially concerning, considering it’s around this time that holiday shopping tends to start!
Company Specific News
Amazon (Ticker: $AMZN ( ▼ 3.06% )) might be the next candidate for an OpenAI deal as rumors circulate that they might be making a $10B investment in the AI giant and letting them use their Tranium chips for training and inference.
Warner Bros. (Ticker: $WBD ( ▼ 2.82% )) advised its shareholders against accepting the hostile takeover offer from Paramount (Ticker: $PSKY ( ▼ 4.31% )) in favor of Netflix’s (Ticker: $NFLX ( ▲ 0.76% )) offer. Shortly after this was announced, Jared Kushner’s firm withdrew from the deal.
Blue Owl Capital (Ticker: $OWL ( ▼ 3.83% )) has reportedly withdrawn funding from Oracle’s (Ticker: $ORCL ( ▼ 9.59% )) $10B Michigan datacenter.