Stock Market Winners & Losers: Stocks Slip After a Warm Inflation Report | Elon Musk Hits $400 Billion Net Worth Mark | Global Viewers Stream 1 Billion Hours Daily
Stocks slipped as a hotter-than-expected 0.4% rise in November's producer price index raised concerns. The Nasdaq topped 20,000 for the first time, hitting new record highs, while Adobe dropped over 13% due to a weaker 2025 outlook.
Elon Musk became the first person with a $400 billion net worth, driven by SpaceX, Tesla, and other ventures, with reports of $277 million spent on Trump’s reelection.
Holiday shoppers are cautious, with only 16% planning to spend more due to inflation, and average spending per person at $1,014.
Podcasts are booming, with 400M monthly hours viewed on living room devices. High-quality 4K content and growing TV revenue for creators (up 30% YoY) drive the trend.
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