Fed Rate Cut Day, Big Tech Bets $40B on U.K. AI, StubHub IPO, and Meta’s $800 Smart Glasses
Fed Rate Cut Day, Big Tech Bets $40B on U.K. AI, StubHub IPO, and Meta’s $800 Smart Glasses
The Fed takes center stage today with its rate decision and Powell’s press conference, while Big Tech pours $40B into U.K. AI infrastructure during Trump’s visit. StubHub prices its long-awaited IPO at $23.50 per share, and Meta bets on $800 smart glasses as the next frontier for everyday wearables. Trump extends TikTok’s U.S. divestment deadline again, with Oracle and Silver Lake in line to take control. Webtoon rallies nearly 40% after cutting a partnership and equity deal with Disney. U.S. retail sales came in stronger than expected, showing consumer resilience, and Barnes & Noble plans to open 31 new bookstores next year, signaling brick-and-mortar isn’t dead just yet.
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