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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 year)

1. Dow - 21.53%

2. S&P 500 - 31.50%

3. Nasdaq - 33.77%

4. Bitcoin - 145.16%

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

1. GameStop Turns the Page with a Surprise Q3 Profit

1 Year Performance (GME): +93.43%

GameStop (GME) defied expectations with a $17.4 million net income in the third quarter, a dramatic shift from its $3.1 million loss a year ago.

Shares ticked up 2% in after-hours trading as the company credited its turnaround to aggressive cost-cutting, including store closures and a focus on higher-margin products.

CEO Ryan Cohen emphasized a "smaller network" and more value-added offerings as part of a strategic pivot to improve profitability.

However, the road ahead remains steep. Quarterly revenue plunged 20% to $860 million, reflecting challenges in boosting videogame hardware and collectibles sales amid competition from Amazon and eBay.

Still, the company has leveraged meme-stock fervor, raising $3 billion earlier this year after stock influencer Keith Gill ("Roaring Kitty") rekindled enthusiasm among retail investors. With a cash reserve of $4.58 billion, GameStop has some breathing room, but the gaming retailer's long-term fate remains uncertain.

2. Inflation Holds Steady, Markets Bet on Fed Rate Cut Rally

November's inflation report hit expectations, with the Consumer Price Index (CPI) rising 2.7% year-over-year and core CPI steady at 3.3%.

Monthly gains of 0.3% in both measures highlight inflation's persistence, driven by sticky shelter costs and a used car price rebound.

Despite these pressures, traders are betting big on a 99% likelihood of a 25-basis-point Fed rate cut next week, hoping it could ignite a 2024 S&P 500 (SPY) rally.

While markets cling to rate cut optimism, headwinds loom. Shelter costs, responsible for 40% of November’s price surge, and rising food prices remain inflationary hurdles.

Add President-elect Trump's proposed tariffs and corporate tax cuts, and inflation risks could intensify.

Still, analysts see the Fed's projected 1% rate cut since September as a boon for equities, even as policy uncertainty and stubborn inflation leave the 2025 outlook on shaky ground. Investors may want to keep those seat belts fastened.

3. SpaceX Soars: $350 Billion Valuation Sets the Sky as the Limit

1 Year Performance (TSLA): +72.27%

SpaceX has reportedly struck a deal with investors to buy up to $1.25 billion in insider shares, valuing the private space giant at a stellar $350 billion, according to Bloomberg.

The tender offer, priced at $185 per share, reflects a meteoric rise from previous valuations—$112 per share in the last tender and $125 as recently as November. With SpaceX planning to acquire $500 million of its own stock, the company solidifies its status as the world's most valuable private startup.

The "Trump bump" has electrified investor enthusiasm, as President-elect Donald Trump's policies are seen as favorable to innovation.

The surge has been kind to Elon Musk's empire, with the Bloomberg Billionaires Index reporting Musk's fortune ballooning to $384 billion from $155 billion earlier this year. Meanwhile, Tesla (TSLA) has rocketed 75% in the past three months, and Musk's AI venture, xAI, now boasts a $50 billion valuation.

As Musk continues to rewrite the rules of finance and tech, SpaceX’s lofty valuation signals that the billionaire's influence is only ascending.

Market Memes Of The Day

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