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Yahoo Finance's Invest volition footwear disconnected unrecorded astatine 8 a.m. ET connected Thursday, Nov. 13. But earlier this epic one-day planetary lawsuit unfolds successful each its glory, I'd similar to acceptable the code for it today.
Out of everything I'll beryllium asking our esteemed guests, I'm astir funny successful this: Why isn't the wealthiness effect of higher banal prices lifting each economical and firm ships?
I'll usage a fewer examples.
Robinhood's (HOOD) 3rd 4th results this week were, for deficiency of amended terms, mind-blowing. Sales up 100%. EPS up 259%. You person to springiness a chapeau extremity to co-founder and CEO Vlad Tenev — who volition beryllium chatting with maine astatine Invest — for driving a large reinvention of the platform.
The institution is pushing hard into prediction markets, banking, and cards. Mid-December volition bring an "AI Day" for Robinhood, apt showcasing however AI whitethorn change fiscal services.
Robinhood's resurgence comes alongside banal indexes hitting grounds highs, ditto crypto to a lesser degree. Both of those factors person helped powerfulness Robinhood, portion rival Coinbase (COIN) has cashed successful connected the crypto boom. All the large Wall Street banks reported coagulated 3rd 4th net successful portion due to the fact that of higher banal prices feeding into the wealthiness absorption and trading businesses.
But it doesn’t look that the large roar successful plus markets is lifting each households and non-financial services companies to caller heights.
Chipotle's (CMG) CEO Scott Boatwright warned past week that young consumers are not buying burritos. Costco (COST) said Thursday that SNAP payment uncertainties and the authorities shutdown are weighing connected its shoppers. The employment constituent of the ISM services study released connected Wednesday was mixed astatine best.
And however tin we hide the Challenger, Gray & Christmas information connected occupation cuts that spooked the markets this week?
Job cuts for October totaled 153,074, surging 183% from September. It was the highest level of cuts for immoderate October since 2003. This is shaping up to beryllium the worst twelvemonth for layoffs since 2009. And it's not each due to the fact that of AI ripping done backmost offices. The hiring astatine companies conscionable isn't there!
The system and firm America are astatine this unusual intersection. Enter Invest.
The Yahoo Finance squad is excited to unveil the adjacent section of Invest. The squad decided aboriginal connected that we wanted to reinvent Invest, moving to a existent planetary integer event.

6 days ago
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