Somehow, Andretti has returned (play Fortnite for further details)
2024.11.25 23:49 MajorRocketScience Somehow, Andretti has returned (play Fortnite for further details)
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2024.11.25 23:49 Virtual_Information3 Stock Market Today: A Wall Street Favorite Heads to Treasury + Macy’s Says Accounting Employee Hid Up to $154 Million
- Stocks kicked off the week on a high note, fueled by optimism over Scott Bessent’s nomination as Treasury Secretary. The Dow climbed 0.99%, notching a fresh record, while the S&P 500 gained 0.3% and the Nasdaq edged up 0.27%. Small caps joined the rally, pushing the Russell 2000 to an all-time high as well.
- Bond markets played along, with the 10-year Treasury yield slipping to 4.262% from 4.409%. Investors welcomed the idea of Bessent’s Wall Street pedigree bringing stability, betting he could tackle economic risks like tariffs and deficits without overheating inflation.
- Bath & Body Works soared 16.51% after raising its forecast for full-year adjusted profit and reporting strong demand for personal care products. ($BBWI)
- Super Micro Computer surged 15.87%, continuing its remarkable recovery after securing a new auditor and filing plans to remain listed on Nasdaq. ($SMCI)
- Hims & Hers Health jumped 23.77% amid speculation that the new head of the FDA may support its telehealth initiatives. ($HIMS)
- Vertical Aerospace rocketed 45.51% after announcing an additional $50 million investment from a major shareholder. ($EVTL)
- Robinhood gained 3.27% after Morgan Stanley doubled its price target for the stock. ($HOOD)
- Rocket Lab rose 3.44% to a record high after achieving the impressive feat of launching two rockets from different hemispheres in a single day. ($RKLB)
- Texas Pacific Land fell 6.71% as investors took profits following its inclusion in the S&P 500. ($TPL)
- Oneok declined 4.72% on news of its acquisition of the remaining stake in EnLink Midstream. ($OKE)
- Lockheed Martin dropped 3.75%, while Northrop Grumman and RTX Corp. fell 2.33% and 1.76%, respectively, amid talks of a potential Israel-Hezbollah ceasefire and Elon Musk's comments dismissing manned military aircraft. ($LMT, $NOC, $RTX)
- Tesla slipped 3.96% after California announced it might exclude the automaker from certain EV incentive programs. ($TSLA)
With his deep market chops, Bessent is Wall Street’s answer to an economic pep talk, signaling that Trump’s America First policies will still play nice with investors. Markets took the news in stride—stock futures ticked up, bond yields dipped, and analysts let out a collective “phew.”
Bessent is no stranger to bold moves, having famously called the collapse of the British pound in the 1990s. Now, he’s tasked with managing America’s $25 trillion debt, tax policy, and tariffs—while keeping the economy humming.
In Trump’s words, he’s here to “stop unfair trade imbalances” and, ideally, boost growth without spooking the markets.
Tariffs, Growth, and a Balancing Act Bessent’s “3-3-3” framework—3% GDP growth, 3% budget deficits, and 3 million extra barrels of oil production a day—sets the tone for his playbook. He’s on board with Trump’s tariff crusade but insists on phasing them in slowly, a strategy that keeps inflation at bay while giving manufacturers time to adjust.
For Wall Street, it’s a mix of pragmatism and pro-growth optimism—just the kind of fiscal hawk they like.
But it’s not all smooth sailing. Bessent will have to tango with Howard Lutnick, Trump’s pick for Commerce Secretary, who’s seen as more aggressive on trade. Navigating these dynamics while steering the economy could be as challenging as convincing Elon Musk that Bessent wasn’t a “business-as-usual” choice.
First Impressions Wall Street’s early reviews are glowing. Deutsche Bank called him the “perfect fit,” and Evercore strategists said markets “couldn’t have done much better.” Even so, some political voices, like Senator Elizabeth Warren, aren’t sold. Her take? Bessent’s loyalties may lean more toward his hedge fund peers than everyday workers.
The real question: can Bessent keep both Trump and the markets happy? If history is any guide, it’s a tall order. But with his market-tested résumé and knack for strategy, he’s got the tools to pull it off—or at least keep things interesting. Let the fiscal drama begin.
Market Movements
- 💼 Kohl’s CEO Transition Announced for January: Kohl’s CEO Tom Kingsbury will step down on Jan. 15 and be succeeded by Ashley Buchanan, the current CEO of Michaels. Buchanan, with prior Walmart experience, will aim to reverse the struggling retailer’s declining sales. Shares fell 3% post-announcement. ($KSS)
- 📊 Zoom Beats Q3 Expectations and Updates Guidance: Zoom reported Q3 EPS of $1.38, exceeding expectations, and revenue of $1.18B. The company raised its full-year forecast, introduced a Custom AI Companion, and announced a corporate name change to Zoom Communications Inc. ($ZM)
- 🛍️ Bath & Body Works Ups Guidance on Strong Q3 Sales: Bath & Body Works raised its full-year profit guidance to $3.15–$3.28 per share and forecasted a smaller annual sales decline of 1.7%–2.5%. Q3 sales grew 3%, beating expectations and driving shares up 12% premarket. ($BBWI)
- 🌱 Tesla Faces EPA Scrutiny for Environmental Violations: Tesla is under investigation for alleged environmental violations at its Texas Gigafactory. Issues include toxic emissions and untreated wastewater discharge, prompting inquiries from the EPA and state regulators following whistleblower allegations. ($TSLA)
- 💸 Barclays Fined $50.9M Over Qatari Deal: Barclays was fined $50.9M by the U.K.'s FCA for undisclosed fees paid to Qatari investors during a 2008 capital raise. Barclays dropped its appeal, citing time elapsed and stakeholder interests, while denying wrongdoing. ($BCS)
- 🛠️ Quikrete to Acquire Summit Materials in $9.2B Deal: Quikrete announced its acquisition of Summit Materials in a $9.2B cash deal. Summit shareholders will receive $52.50 per share, representing a 30% premium to its pre-offer price. The merger will form one of North America’s largest construction material producers. ($SUM)
- 📉 Volkswagen Writes Down Stake in Northvolt: Volkswagen wrote down its 21% stake in the bankrupt Swedish battery maker Northvolt, reducing its $726M book value from the end of 2023. The write-down comes as EV demand in Europe continues to lag. ($VWAGY)
- 💊 Merck’s Winrevair Shows Trial Success: Merck’s Winrevair significantly reduced death risk in a late-stage study of 172 pulmonary arterial hypertension patients. The FDA-approved drug, priced at $238K/year, generated $149M in Q3 sales despite safety concerns. ($MRK)
Macy’s dropped a bombshell Monday, revealing that a single employee concealed delivery costs between 2021 and now, forcing the retailer to delay its third-quarter earnings report. The employee, who’s no longer at Macy’s (shocker), stashed the costs through creative accounting entries that even auditors at KPMG didn’t catch.
Macy’s says the accounting hiccup didn’t impact its cash flow or vendor payments, but investors aren’t thrilled—shares fell 2% on the news. Preliminary results show a 2.4% sales dip to $4.74 billion last quarter, slightly outpacing Wall Street’s expectations. Still, the retailer’s stock has had a rough year, down 21% while the S&P 500 soared 26%.
A Tough Look for Macy’s This mess comes as CEO Tony Spring tries to revive Macy’s fortunes. The company is shutting underperforming stores, sprucing up top locations, and leaning into luxury with brands like Bloomingdale’s and Bluemercury. Early results show promise: Bloomingdale’s posted a 3.2% sales boost, and Bluemercury kept its 15-quarter growth streak alive with a 3.3% jump.
But the accounting scandal throws a wrench in the narrative. Analysts are questioning Macy’s internal controls and wondering how KPMG missed years of accounting sleight of hand. It’s not a great look for a retailer already battling declining store traffic and cautious shoppers.
Can Macy’s Win Back Trust? Macy’s plans to release its full earnings and updated guidance by Dec. 11, hoping to shift the spotlight back to its holiday shopping performance. Early signs are encouraging: November sales are trending ahead of Q3 levels, thanks to investments in select stores and a solid start to the gift-buying season.
Still, the delayed earnings report raises questions about management oversight and whether Macy’s can keep pace with competitors during the all-important holiday stretch. For now, let’s just hope the Thanksgiving Day Parade goes off without a hitch—because nobody wants a Snoopy-sized scandal.
On The Horizon Tomorrow Tomorrow’s agenda includes some key real estate updates, starting with the S&P Case-Shiller home price index, which will reveal how housing prices are holding up nationwide. Alongside that, we’ll get new home sales data—a pulse check on the demand for single-family homes and a snapshot of the broader housing market.
Also on the docket: consumer confidence numbers. This report measures how optimistic—or cautious—shoppers are feeling about their finances, and with the holiday season on the horizon, it could offer early clues about how retailers might fare in the coming weeks.
Before Market Open:
- Best Buy is kicking off the holiday season with cautious optimism. While the retailer is poised to benefit from future AI-capable device sales, today’s reality includes consumers feeling the pinch. With the holidays being a critical period, analysts remain divided: nine rate the stock a “buy,” while eight suggest holding. Expectations are set at $1.29 EPS and $9.64 billion in revenue. ($BBY)
- CrowdStrike is recovering from July’s IT debacle, which dealt a blow to operations. Since then, management has taken proactive measures, offering $30 million in discounts and bonuses to retain customers—a strategy they hope will stabilize relationships. Wall Street is looking for $0.81 EPS on $982.36 million in revenue. ($CRWD)
2024.11.25 23:49 ArcherFawkes God wants me to stay here so bad
Very sweet gestures from regulars tonight. Someone offered a bunch of desserts for us from his restaurant, someone offered coupons from his job, and as thanks for troubleshooting his phone, a third person offered my next purchase from his store on-the-house. Rest of the guests have been very polite and no screaming children or adults.
Metrics aren't the best, but emotionally I'm doing great today.
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2024.11.25 23:49 Double_Bookkeeper242 Abandoned area?
i was driving through albany when i stumbled upon a huge abandoned are of massey does anyone know anything about this?
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2024.11.25 23:49 Necrosius7 Felt like I scrolled much more.
94,017 🍌
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2024.11.25 23:49 CXhrystian ERROR when placing hero hall
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2024.11.25 23:49 Guarana_tea Cabo de fone com saída Lightning
Eu quero comprar um fone in ears tipo um kz/moondrop da vida e queria saber se vale arranjar um cabo com saída Lightning, eu proquei um pouco e vi que quase n tem, os que eu vi tinham comentários reclamando da qualidade, será que a única solução será um dac?
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2024.11.25 23:49 xskyundersea she's weird
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2024.11.25 23:49 Gavroche999 An interesting geometry problem with a simple solution.
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2024.11.25 23:49 Low-Internet8559 F18. Anybody wanne show me some kinky stuff. My bf said to ask here 05b44dc4acf5edf5d55d67c83eb3e76f801503c2b84832ba132deecf258d6ee913
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2024.11.25 23:49 Flaky_You_8889 This literally blows my f’ing mind
 | Literally what?? Why are we teaching these things still. This is insanity to me and Idek what to say at this point submitted by Flaky_You_8889 to truscum [link] [comments] |
2024.11.25 23:49 MattSykoo Lf Dragon
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2024.11.25 23:49 EmergencyRelative491 What have vs what I need
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2024.11.25 23:49 Brave-Clerk-5537 customoer service dont
no how to email anybody back or what
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2024.11.25 23:49 GarifalliaPapa Research shows that a protein called TEX264, together with other enzymes, is able to recognize and "eat" toxic proteins that can stick to DNA and cause it to become damaged. Scientists hope to exploit this novel repair toolkit of proteins to protect us from aging, cancer and neurological disease
 | Research shows that a protein called TEX264, together with other enzymes, is able to recognize and "eat" toxic proteins that can stick to DNA and cause it to become damaged. Scientists hope to exploit this novel repair toolkit of proteins to protect us from aging, cancer and neurological disease submitted by GarifalliaPapa to immortalists [link] [comments] |
2024.11.25 23:49 MyIpodStillWorks Day of Judgement #3
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2024.11.25 23:49 Aware-Perception-876 Do i have the anatomy for a daith?
 | Sorry to post here, my posts keep getting removed from piercing. Ignore my unhealed piercing please. And I know that only professionals know for sure but i want your opinions. Thanks :) submitted by Aware-Perception-876 to unstretched [link] [comments] |
2024.11.25 23:49 peppermintvalet What happened to the Anchor?
Was it mentioned at all in the game? I feel like I’m missing something important.
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2024.11.25 23:49 PeakRealHumanFr Dual Wield for mag builds?
Is this still a thing to maximize dps? I'm reviving my mag-arcanist, and the final touch is to decide on the primary weapon.
Do I run destro staff, or dual wield? If it's the latter, I assume the choice of weapon depends on what I feel is lacking in terms of stats? Only 9k pen is making the dual mace rather attractive. Ofc, the 12% dmg bonus to DOTs from infero staves is also tempting as hell...
Thanks^^
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2024.11.25 23:49 westye13 80 SKINS AND SAVE THE WORLD 7$ ACCOUNT (LOBBY PROOF IF NEEDED)
2024.11.25 23:49 Suspicious_Art8421 55, fair, combo skin, a pesky dark spots, uneven skin tone, dark circles under eyes, a few eye wrinkles. What's the best light face makeup, powder or foundation.
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2024.11.25 23:49 CountyOk7604 Is this normal
 | Not even qc pictures yet submitted by CountyOk7604 to CNfans [link] [comments] |
2024.11.25 23:49 ZugZugBoop My Only Contribution To This Hive Of Horny
 | submitted by ZugZugBoop to okbuddybaldur [link] [comments] |
2024.11.25 23:49 Redtech72 Installing subfloor
So my house was built in 1948, on top of the floor joists is 3/4" tongue and grove pine board. It's in relatively good shape with no major gaps (nothing more than 1/4") between, or holes. Would I be able to install cement board directly to this in preparation for tile? Also, the livingroom hardwood floor is 3/4" higher than the tongue and groove subfloor, so assuming I can attach cementboard right to the tongue and groove subfloor, to minimize a discrepancy in height between the wood floor to tile transition, could I do perhaps 1/4" cement board, then thinset and tile to achieve close to 3/4" buildup.
Sorry if any of this doesn't make sense, ive explained it best I can figure. I've done limited research into tile flooring and will do much more when im closer to tiling., I'm a DIYer who's too broke to hire a professional. But I am handy and find plenty of videos and research before doing something new.
Any information is greatly appreciated! Thanks!
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2024.11.25 23:49 Frezzeng_Fog Pasaste frío, hambre, miedo, te lastimaron pero ahora eres feliz y me haces feliz (mi hermana la rescato)
 | submitted by Frezzeng_Fog to Aww_Espanol [link] [comments] |