GOOD MORNING

(Thursday)

Here’s everything you need to know today: There are currently 14,157 publicly traded companies in the United States and over 1000+ articles released about S&P500 companies alone every single day. Today we will be showing you the top 3 events that you need to know today:

Market Performance (1 month)

1. Dow - 6.34%

2. S&P 500 - 3.57%

3. Nasdaq - 1.92%

4. Bitcoin - 37.54%

Today (Here’s 3 things you need to know)  

1. Black Friday Rings Up $10.8 Billion in Online Sales

U.S. shoppers clicked their way to a record $10.8 billion in online sales this Black Friday, up 10.2% from last year’s haul, says Adobe Analytics. With just 26 days between Thanksgiving and Christmas, retailers are pulling out all the stops to woo penny-pinching deal hunters.

E-commerce titans Amazon (AMZN) and Walmart (WMT) are riding the wave, with Walmart flexing its store-to-door delivery muscles. Shoppers splurged on toys (up a staggering 622% from October), jewelry (561%), and appliances (476%), alongside beauty must-haves, Bluetooth speakers, and espresso machines—because nothing says “holiday hustle” like a caffeine kick.

Meanwhile, department store staples like Macy’s (M), Kohl’s (KSS), and Target (TGT) might feel like the Grinch stole their sales. But consumers like Corey Coscioni are blending online and in-store deals, proving the holiday shopping game is all about savvy clicks and clever picks.

2. OpenAI vs. Canadian Publishers: A Copyright Showdown

What’s Happening: OpenAI’s ChatGPT is in hot water north of the border, with Canadian news giants like The Canadian Press, CBC/Radio-Canada, and Torstar accusing it of content theft. The publishers claim OpenAI is treating their journalism like an all-you-can-eat buffet—scraping articles without paying the bill.

Why It Matters: This marks Canada’s first big copyright faceoff with AI. OpenAI says it’s just snacking on publicly available data under fair use, but the publishers aren’t buying it. They want compensation, not compliments. While some, like Condé Nast, are cashing checks from OpenAI deals, others are drawing a line in the digital sand.

The Big Picture: Canada is cracking down on tech giants. New rules force companies like Google (GOOG) and Meta (META) to pay for news content, while the Competition Bureau is grilling Google for alleged ad shenanigans.

Meanwhile at OpenAI: Despite lawsuits, OpenAI’s been printing money—it raised $6.6 billion in October, hitting a $157 billion valuation. They’re playing hardball in the AI big leagues, but Canada’s publishers are here to remind them: journalism doesn’t come free.

3. Buffett’s $150 Billion Philanthropy Challenge: A Family Affair

Buffett’s Billion-Dollar Legacy:
Warren Buffett has tasked his three children—Howard, Peter, and Susan—with an unprecedented philanthropic mission: giving away his $150 billion Berkshire Hathaway fortune after his death.

The funds, tied to a charitable trust, will dwarf nearly every existing foundation, second only to the Novo Nordisk Foundation. With a donation timeline of 10–20 years, the heirs could be tasked with disbursing up to $10 billion annually, a challenge made harder by Buffett’s preference for minimal bureaucracy.

Each sibling brings unique passions to the table, from humanitarian aid in Ukraine to sustainability and social justice, but unanimous decision-making—mandated by Buffett—could prove both a safeguard and a potential bottleneck.

Impact on Berkshire and Beyond:
The trust’s influence will extend to Berkshire Hathaway, where Howard and Susan already serve on the board. Their involvement may help preserve Buffett’s corporate vision while fending off activist pressures.

However, tensions could arise between philanthropic goals and operational decisions led by Berkshire’s future CEO, Greg Abel. While Buffett hopes his children will complete the monumental task themselves, the scale and complexity of the mission ensure that his philanthropic and corporate legacy will endure long after he’s gone.

Market Memes Of The Day

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