TLDR

MARKET RECAP → The Nasdaq (QQQ) reached a new record high on Friday, outpacing a generally sluggish broader market.

WAYMO CLOSES $5.6B FUNDING FOR ROBOTAXI EXPANSION → Waymo's $5.6 billion round is set to turbocharge its U.S. robotaxi expansion, intensifying the autonomous vehicle race. 🚖

JUDGE BLOCKS TAPESTRY-CAPRI MERGER → A federal judge halted Tapestry’s $8.5B Capri acquisition, citing FTC concerns over reduced competition and consumer choice. Tapestry’s stock rose 10%, Capri’s fell 50%.

Was this email forwarded to you? Sign up for free here.

MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Waymo Closes $5.6B Funding for Robotaxi Expansion

🚗 Waymo closed a $5.6 billion funding round to accelerate its robotaxi expansion in the U.S., particularly in cities like San Francisco, Phoenix, and Los Angeles.

🤝 This investment, led by Alphabet, underscores Waymo’s commitment to advancing autonomous tech and expanding partnerships, including with Uber in Austin.

🌎 As competition heats up, Waymo's next-gen robotaxis are set to roll out with new partners like Hyundai and in challenging climates, from northern California to Michigan.

TODAY’S TOP NEWS

Judge Blocks Tapestry-Capri Merger

👜 A federal judge halted Tapestry’s $8.5 billion acquisition of Capri Holdings, siding with the FTC’s argument that the merger would harm competition, raise prices, and reduce benefits for employees.

📉 Following the decision, Tapestry's stock jumped 10%, while Capri's plummeted 50%. Tapestry plans to appeal, maintaining the merger is pro-consumer and vital in a competitive market.

💼 The FTC celebrated the ruling, emphasizing it keeps competition robust, especially for affordable luxury goods, in a period of rising inflation and consumer sensitivity.

BULL VS. BEAR

NOTABLE POSTS

KEEP READING

Spirit Airlines stock jumps 25% after struggling budget carrier said it will sell planes, cut jobs (CNBC)

Microsoft CEO Nadella asked for pay reduction after security slip, but total comp still rose 63% (CNBC)

New York Stock Exchange to extend after-hours trading (CNBC)

What McDonald’s needs to do next after E. coli outbreak (CNBC)

Sam’s Club enters the Thanksgiving meal deal wars with a pre-cooked feast (CNN)

Why Nike, Starbucks and Boeing have lost their magic (CNN)

How to Become Financially Stable: 10 Tips (ML)

What is the Difference Between a Credit Card and a Debit Card? (ML)

What Affects Your Credit Score? 5 Credit Score Factors (ML)

WHAT WE’RE WATCHING

OUR FAVORITE TOOLS & RESOURCES

• OpenBB — AI-powered research and analytics workspace

• Earnings Hub — Earnings calendar

• Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed

• Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine

• The Market Ear — Live news, analysis and commentary on what moves markets and trading

• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

• Trading Economics — Economic calendar

• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

^{_{The Bull vs. Bear Merchandise Promotion is a limited time campaign that begins on December 1, 2023 at 12:00 AM ET and ends on the date that there are no more Rewards. This Promotion is available to any registered MoneyLion user who is a legal resident of the 50 United States or the District of Columbia and who has reached the age of majority in their state as of the beginning of the Promotional Period. See terms and conditions here.}}

<sup><sub>This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.</sub></sup>