Stock Market Winners & Losers: Markets Try to Shake Off Rough October Start | Damages Caused by Hurricane Helene Could Reach $34B | Amazon to Increase Number of Advertisements on Prime Video
The S&P 500 fluctuated as Middle East tensions, sparked by Iran’s missile attack on Israel, raised concerns for investors ahead of September’s payroll report. Oil prices surged over 7%, with analysts warning that prices could hit $200+ per barrel if Iran’s energy infrastructure is targeted.
Costco is now selling platinum bars for $1,089, as gold has soared 44.5% in the past year. Meanwhile, Hurricane Helene wreaked havoc in the Southeast, causing an estimated $20-34 billion in damage and economic disruptions, while a quartz mine shutdown could push total costs up to $110 billion. Rising home and flood insurance costs have left many underinsured, and flood damage is typically not covered by standard policies.
Amazon plans to expand ads on Prime Video shows and movies next year. Despite introducing ads eight months ago, subscriber numbers have remained stable. Amazon’s global ad reach is about 200 million, with over half in the U.S. Other streaming platforms like Netflix, Max, and Disney+ have introduced ad-supported tiers, and Amazon’s position uniquely ties advertising to sales conversion.
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