Here is a rundown of Cheddar News' top trending market stories of the day.
TECH EARNINGS AHEAD
It's going to be a busy week for Wall Street. The Federal Reserve is announcing its next rate hike on Wednesday, and Big Tech is dropping a slew of quarterly results. Meta is releasing earnings on Wednesday, and Amazon, Apple, and Google parent Alphabet are all releasing on Thursday. Traders are betting that the Fed delivers a modest 25 basis point hike, marking a deceleration of this tightening cycle. As for the earnings, investors will be tuned in for signs of how the tech sector might fare in the coming year after several high-profile rounds of layoffs.
MICROSOFT COPYRIGHT SUIT
Microsoft and OpenAI requested that a San Francisco court toss out a class-action lawsuit accusing the firms of improperly monetizing open-source code in their artificial-intelligence systems. The companies said the anonymous copyright owners who filed the complaint were not specific enough in their allegations. The plaintiffs maintain that they used the open source code in a program called Copilot without complying with licensing terms.
AMAZON ADD GROCERY FEES
Amazon is adding a fee to Fresh grocery orders that cost less than $150. It said the extra charge is designed to keep prices down across its services. The delivery fee is $9.95 for orders under $50, $6.95 for orders between $50 and $100, and $3.95 for orders between $100 and $150. “This service fee will help keep prices low in our online and physical grocery stores as we better cover grocery delivery costs and continue to enable offering a consistent, fast, and high-quality delivery experience,” the company said.
Home prices far outpacing incomes, low inventory, and higher living costs are reshaping the market. WSJ’s Veronica Dagher breaks down the challenges ahead.
As commercial options tighten, more travelers are turning to private aviation. Wheels Up CEO George Mattson breaks down capacity and demand challenges.
Layoffs, hiring slowdowns, and shifting skill demands dominate this year’s job talk. LinkedIn’s Kory Kantenga explains what workers should watch for next.
Retailers face tariffs and cost challenges this holiday season. Wells Fargo's Lauren Murphy shares insights on pricing, promotions, and shopping trends.
Dateability, founded by sisters Jacqueline and Alexa Child, is the only dating app for disabled and chronically ill communities, fostering love without limits.
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
