Stock Market Winners & Losers: Stocks Rise as November Rally Continues | Porch Pirates are on the Prowl | Mark Cuban is Walking Away from Mark Cuban
Winner: Stocks rise as November rally continues
• Stocks rose this morning as investors held out hope that the Federal Reserve is done raising benchmark interest rates.
• I think our market right now is just looking inflation and obviously it’s coming down. I think the scope for a Santa Claus rally is growing,”
• General Motors shares popped 10.2% after the company announced a $10 billion buyback and raised its dividend,
• GM says union labor deals will add approximately $575 in costs per vehicle.
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• Dallas Cowboy Cheerleader and 77-year-old Dolly Parton’s album Rockstar, debuted in the No. 3 spot on the Billboard 200 chart—making it her highest-charting album ever
• McDonald’s is bringing back iconic McNugget Buddies from 1988 as limited-edition Happy Meal toys
Loser: Porch pirates are on the prowl
• One in four consumers have fallen victim to package theft,.
• The holiday packages are more valuable.
• On average, consumers plan to spend $547.21 on online orders this holiday season,
• In a usual month we get about $147.57 in packages which is more than 3.5 times higher than what consumers typically spend on online orders
• 22% had a doorbell camera when the theft occurred.
• $81.91: Average value of a stolen package,
• 25% of victims never received a refund for the stolen item(s).
Winner: Mark Cuban is walking away from Mark Cuban
• Billionaire Mark Cuban is many things — a serial entrepreneur, a reality TV star, and the longtime owner of the Dallas Mavericks.
• Last week, Cuban said he was moving on from ABC's "Shark Tank" after more than a decade.
• The Cubes is selling his majority stake in the NBA’s Dallas Mavericks at a valuation of around $3.5 billion—while maintaining full control of basketball operations,.
• In 2000, Cuban purchased the team for $285 million.
• "I just want to have a couple summers with my teens before they go off on their own," Cuban said.
• Made his first billion in the internet. Mark Cuban Broadcast.com in 1995 and sold it to Yahoo for $5.7 billion in 1999.
• Some people think “He’s running for President” as prediction markets currently put a presidential campaign at 25%.
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