Stocks Shatter Records, Cava’s 20% Crash, and Perplexity’s $34.5B Chrome Power Play
In today’s episode, Wall Street celebrates a cooler-than-expected inflation report, sending the S&P 500 and Nasdaq to record highs and fueling hopes for Federal Reserve rate cuts. Fast-casual dining takes a hit as Cava plunges 20% after weak sales growth, joining a broader restaurant slump. Nvidia-backed CoreWeave slides despite beating revenue estimates, while Sphere Entertainment bets big on immersive Wizard of Oz screenings in Las Vegas. The International Energy Agency raises global oil supply forecasts even as demand softens, potentially pressuring prices. AI search startup Perplexity stuns the tech world with a $34.5 billion unsolicited bid for Google’s Chrome browser. GM plans to restart its driverless program after a high-profile safety incident, shifting focus toward personal autonomous cars. And Kodak, America’s 130-year-old photography icon, warns it may not survive without urgent debt relief.
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