Stock Market Winners & Losers: S&P 500 Slips From Record Highs | Tesla to Unveil Its Long-Awaited Robo Taxi | Spending in Elections Projected to Hit Nearly $16 Billion
The S&P 500 and Dow Jones dipped from record highs as economic data showed persistent inflation and rising unemployment. September’s consumer price index increased by 0.2%, bringing the annual inflation rate to 2.4%. Meanwhile, Netflix maintains the top spot among teens, who spend about 2.5 hours daily streaming. Tesla’s much-anticipated robotaxi event takes place today, potentially marking a key moment for autonomous vehicles.
The 2024 federal election is set to be the most expensive ever, with spending projected to reach $15.9 billion, driven by major contributions from super PACs. The top five megadonors all back Republicans, with Trump's and Harris’s super PACs spending over $239 million and $212 million, respectively.
Disneyland has raised ticket prices by about 6% and annual passes by up to 20%. Peak season, single-day tickets rose from $194 to $206, while the “Imagine” Magic Key pass increased from $499 to $599. Disney’s paid “Lightning Lane Multi Pass” also saw a price hike. Historically, Disney and Universal have frequently raised prices, with Disney increasing them 22 times over the past 35 years and Universal following suit 23 times. The cheapest time to visit Disneyland in California, with tickets at $104, is limited to select weekdays in January and February.
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