World News, Politics and War, Reported from Boston
Markets coverage from The Boston Report on stocks, IPOs, earnings and investor sentiment, with plain-language context for the moves. Not investment advice.
Anthropic set a $70-$78 IPO price range on Nov. 10, which could value the Claude maker at up to $1.405 trillion on a fully diluted basis, CNBC reported.
Goodyear CEO Mark Stewart stepped down Nov. 9, effective immediately. Director Roger Wood became interim CEO as the board searches for a successor.
Honda said Nov. 9 it will invest $3 billion in a new Ohio auto plant with 240,000-vehicle capacity and more than 2,000 jobs, starting production in 2029.
The Children’s Place filed for Chapter 11 on Nov. 8 and said some stores will close. It has not said whether its 10 Massachusetts stores are affected.
China’s trade surplus reached $1.04 trillion through October, customs data showed Nov. 10, as exports rose 35.2% and imports surged 41.6% on AI demand.
Fed Governor Christopher Waller said Nov. 10 a 50-basis-point December hike should be considered if October core inflation runs near 0.3% or higher.
Stock market rally: the Dow rose 1,104 points and the S&P 500 had its best day since April as oil fell 4.4% and chip stocks rebounded. What’s next: CPI.
Nvidia fell about 4% Monday, Nov. 9, as its board reviewed reports about CEO Jensen Huang. AMD rose 11% and Broadcom 9%, CNBC reported.
San Francisco Fed President Mary Daly said Nov. 6 she expects the Fed will need to raise rates further as inflation outpaces wages.
Treasury yields held steady Nov. 9 as investors awaited Tuesday’s October CPI report, which economists expect to show inflation rising to 3.9%.