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US Stock Market Highlights: Dow closes up 200 points after Supreme Court probes Trump tariff argument, AMD sparks AI rebound

Treasury Secretary Scott Bessent showed up for the arguments, as promised, along with Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer. The trio have largely been responsible for negotiating various trade deals with other nations. The company raised the funding over the course of a seed round in 2024 and a Series A in 2025. Zhu Ventures, Reevo co-founder David Zhu’s venture capital firm, led the $10 million seed deal, and Khosla Ventures and Kleiner Perkins led the $70 million Series A investment. Artificial intelligence startup Reevo Inc. has raised $80 million from investors including Khosla Ventures and Kleiner Perkins, the company plans to announce Wednesday — financing that brings the startup’s valuation to $500 million.

  • But after testing Gemini, OpenAI’s ChatGPT and Anthropic’s Claude, Apple zeroed in on Google earlier this year, Bloomberg reported at the time.
  • The questioning came early on in a session likely to last more than two hours, and it didn’t give a clear indication of how the court will rule.
  • Equities rebounded, with the S&P 500 up almost 1% following a slide that underscored worries over how stretched the market has become and how sensitive it is to unfavorable news.
  • The hope is to use the technology as an interim solution until Apple’s own models are powerful enough.
  • Meantime, employment at US companies increased, signalling some stabilisation in the job market.

Unionised Starbucks baristas are preparing to go on strike next week and disrupt one of the coffee chain’s busiest days — aiming to secure a contract after years of sporadic and unsuccessful talks. The prospect of cuts to long-maturity auction sizes has been a minority view on Wall Street over the past year. “The expertise of these researchers will help advance our global competitiveness and contribute to the economy of the future,” the budget document said. Traders should take cover from a protracted selloff in the dollar that could mirror the boom-and-bust cycle of the Internet bubble once the drivers that are supporting the currency turn into headwinds, according to RBC Capital Markets.

The labour actions could expand if there isn’t progress toward finalising a contract and resolving legal disputes, said the union, which accused Starbucks of refusing to fairly negotiate. Starbucks Workers United — representing employees at about 550 of the chain’s roughly 10,000 company-run US stores — said members voted to give union leadership the ability to call for a work stoppage at any time if demands aren’t met. While Wall Street didn’t see a buying stampede, equities were able to bounce after a slide that underscored worries over how stretched the market has become and how sensitive it is to unfavourable news.

Company

  • Bonds fell after data showed US services activity expanded in October at the fastest pace in eight months on a swift upturn in the growth of new orders.
  • Unionised Starbucks baristas are preparing to go on strike next week and disrupt one of the coffee chain’s busiest days — aiming to secure a contract after years of sporadic and unsuccessful talks.
  • After setting a series of record highs through the year, market bellwether Bitcoin has tumbled more than 20% in recent weeks, triggering concerns over a new bear market.
  • The Google model’s 1.2 trillion parameters — a measure of the AI software’s complexity — would dwarf the level of Apple’s current models.
  • That’s the company’s popular holiday-themed Red Cup Day, which has been a previous union target.

Axon Enterprise’s stock plummeted 12% after the Taser maker missed Wall Street’s third-quarter profit expectations as it grapples with tariff constraints. The court unanimously ruled for President Gerald Ford in a case about the imposition of tariffs on oil imports, based on a different statute that also doesn’t mention the word tariffs. That’s the company’s popular holiday-themed Red Cup Day, which has been a previous union target.

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The iPhone maker is banking on Google’s help to rebuild Siri’s underlying technology, setting the stage for a new slate of features next year. The Google model’s 1.2 trillion parameters — a measure of the AI software’s complexity — would dwarf the level of Apple’s current models. Equities rebounded, with the S&P 500 up almost 1% following a slide that underscored worries over how stretched the market has become and how sensitive it is to unfavorable news. Attorney Neal Katyal, in response to a question from Thomas, distinguishes between embargos, allowed by the law, and tariffs, which he says are not. “Last night, it was, you know, not expected to be a victory, it was very Democrat areas, but I don’t think it was good for Republicans,” Trump said during a breakfast meeting with GOP senators at the White House on Wednesday morning. “The court 9-0 rejected the argument” that the absence of the word tariff doomed Ford’s action, Kavanaugh said.

The share of student-loan debt becoming delinquent climbed to 14.4%, the most on record. The share of US consumer debt in delinquency rose in the third quarter to the highest level in more than five years as unpaid student-loan balances continued to surge. US President Donald Trump conceded that the Democrats’ electoral sweep up and down the ballot across the country on Tuesday night spelled bad news for his Republican Party. Alphabet Inc’s Google and cybersecurity company Wiz Inc. cleared a key hurdle to closing their $32 billion deal, with the US government saying it would wrap up its investigation of the acquisition. The government also said it would launch an accelerated pathway for H-1B visa holders in the coming months. JPMorgan Chase & Co.’s super-rich clients are bolstering investments in sports teams as rising values increasingly attract capital from institutional firms and they mature as an asset class.

US Stock Market LIVE Updates: Fed-up Starbucks Baristas prep ‘biggest strike we’ve ever been on’

West Texas Intermediate fell 1.4% to trade below $60, a key level that can trigger accelerated buying when breached, with prices undulating in a band of about $2 since early last week. There has been mounting scrutiny in recent months on soaring valuations for AI companies as well as the accelerating spending spree from tech firms on data centers and chips to support artificial intelligence development. OpenAI alone has committed to spending more than $1.4 trillion on AI infrastructure, even though the company remains unprofitable.

S&P 500 Gains and Losses Today: Seagate Stock Surges; Supermicro Falls After Soft Earnings Report

While helping to temper concerns of a faster deterioration in the job market, the modest payroll increase last month is consistent with a general softening in labour demand. The figures suggest US households — especially younger ones — continue to grapple with financial challenges resulting from high interest rates, weak hiring trends and ongoing inflation. Transitions into serious delinquency were most elevated for consumers in their 20s and 30s, the report showed.

The timing of the recovery is reminiscent of when activity last peaked in the final quarter of 2021, just before a raft of scandals and bankruptcies caused a crypto market crash that nearly wiped out many of the most prominent lenders. After setting a series of record highs through the year, market bellwether Bitcoin has tumbled more than 20% in recent weeks, triggering concerns over a new bear market. The crypto lending sector continued its rebound through the third quarter, with the amount of loans delivered setting a fresh record just as digital-asset prices were soaring to all-time highs. Bonds fell after data showed US services activity expanded in October at the fastest pace in eight months on a swift upturn in the growth of new orders. Meantime, employment at US companies increased, signalling some stabilisation in the job market. Advanced Micro Devices Inc. failed to impress investors with its revenue outlook, halting a blistering run-up in its shares this year and adding to the concerns over an AI-fueled bubble.

Scotts Miracle-Gro Company (SMG) reported fourth quarter earnings on Wednesday, showing a decrease in net sales but an overall narrow loss. Scotts Miracle-Gro Company CEO and chairman, Jim Hagedorn, joins Market Domination host Josh Lipton to explain how the lawn and garden industry is “recession-resistant” and how the company is leveraging artificial intelligence (AI). To watch more expert insights and analysis on the latest market action, check out more Market Domination. Overall comparable sales, which add in international markets, were in line with expectations, while adjusted earnings per share fell short of the average of estimates compiled by Bloomberg.

US comparable-store sales, which reflect the results of established locations, increased 2.4% in the third quarter, higher than the average of analyst estimates, with the company attributing the rise mostly to higher per-visit spending. The company posted a profit of 38 cents per share adj., while analysts polled by LSEG expected earnings of 42 cents per share. Pinterest shares plummeted 20% on Wednesday after lacklustre third-quarter earnings as advertising took a hit from larger retailers dealing with tariffs. McDonald’s Corp reported faster-than-expected US sales growth last quarter as diners prioritised cheap fast food and pulled back from more premium meals at fast-casual chains. The Canadian government is set to launch special initiatives to attract top international researchers and H-1B visa holders, while slashing the number of foreign students it plans to bring into the country each year. Traders slashed odds that the Supreme Court will uphold President Donald Trump’s aggressive tariffs after justices on Wednesday signalled doubts about the legality of the administration’s sweeping trade powers.

Private-sector payrolls increased by 42,000 after two straight months of declines. The ADP report is one of the few monthly snapshots of the labour market, as the longest government shutdown in US history delays the release of official economic data. Oil extended a run of lackluster trading as investors assessed mixed US inventory data and a persistent outlook for oversupply.

Accurate information on 100,000+ stocks and funds, including all the companies in the S&P500 index. Sauer agreed that another, very different president would have the authority to declare climate change an emergency and impose tariffs to deal with it. Justice Neil Gorsuch, a Trump appointee, has questions about both major questions and nondelegation. He is asking Sauer to provide limits on the broadest reading of the administration’s arguments in favour of tariffs. The questioning came early on in a session likely to last more than two hours, and it didn’t give a clear indication of how the court will rule.

Prime Minister Mark Carney’s first budget unveiled a plan to attract international talent, earmarking C$1.7 billion ($1.2 billion) to recruit more than 1,000 highly skilled researchers. Gold rebounded as investors weighed the outlook for the Federal Reserve’s interest rate path following data that showed some stabilisation in the What Is Bitcoin job market. On Kalshi, contracts tied to whether the court would rule in favour of Trump’s tariffs slipped to around 30% from nearly 50% before Wednesday’s hearing. Around 4.5% of debt was at least 30 days delinquent in the July-to-September period, the most since the first quarter of 2020, the Federal Reserve Bank of New York said Wednesday in its Quarterly Report on Household Debt and Credit.

US Stock Market LIVE Updates: Dollar faces risk of 2000s’ boom-and-bust 40% decline, RBC warns

After the companies first announced their tie-up in March, the Justice Department opened up an in-depth probe of the deal, Bloomberg reported in June. The decision to close the review, pursuant to so-called early termination, is dated Oct. 24 on the website of the Federal Trade Commission. A similar contract on platform Polymarket dropped to about 30% from more than 40% earlier in the week, reflecting traders’ growing belief that the justices may strike down the policy.

US Stock Market LIVE Updates: The lawyer representing companies challenging the tariffs is up

The justices may have equally tough questions when the tariff challengers make their case in the second half of the argument. Adjusted earnings totalled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points from a year ago to 62.7%, which Axon attributed to tariff impacts. Treasuries fell after the US government signalled that larger auction sizes are on the horizon, while signs of economic resilience hurt the odds of a Federal Reserve interest-rate cut in December.

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Elephants For Sale

Mexicans use ivory to carve images of deities, pipes, daggers, chopsticks, jewelry, ornaments, souvenirs, and hair accessories. Some Asian nations also value elephant tusks for their apparent medicinal properties. Even though there is much scientific evidence that confirmed the lack of medicinal properties in ivory, the demand is still high. Just like horses, elephants have different breeds with varying value based on their origin.

As cornerstone species in their respective ecosystems, elephants are celebrated for their impressive size and intelligence. These mammals exhibit a rich diversity in species as well as complex social structures and behaviors that vary by habitat. The price of an elephant depends greatly on its age, size, or gender.

Species Diversity

Moreover, training sessions may be required to teach the elephant certain behaviors or skills. This involves hiring experienced trainers who specialize in elephant behavior, much like hiring a personal trainer for yourself but on a grander scale. Understanding these factors will help give you a clearer picture of what might be involved in bringing home (or even just caring for) a baby elephant.

Habitat/Housing

These operations involve a team of experienced handlers who use gentle yet firm methods to lead the elephant towards safety. However, once captured, the real challenge begins—training these majestic creatures for life in captivity. Humans play a crucial role in both the decline and protection of elephant species. Increased awareness and education are critical for changing attitudes towards elephants and reducing the demand for ivory. The involvement of local communities in conservation efforts has proven essential, as sustainable practices can be promoted to reduce habitat destruction and crop losses due to elephant raids. The global community continues to support conservation through funding and international cooperation, recognizing that the survival of elephants is a shared responsibility.

Conservation Challenges

We named her Ellie because this is the nearest living relative to the African elephant! It’s extremely rare to find a captive bred one…almost all of the ones in the United States are w… It’s extremely rare to find a captive bred one…almost all of the ones in the United States are… Extremely low/high outliers may be trimmed automatically to provide more accurate averages. The calves are the beloved baby members of the herd, who can make themselves at home in both outdoor and indoor spaces. Elephant tusks are used to produce ivory, a hard white substance found only in the teeth and tusks of certain mammals.

An elephant needs an enormous amount of food to keep up its massive energy requirements. On average, a single adult elephant consumes between 90 and 250 kilograms of vegetation daily. Considering the cost of high-quality, nutritious feed that meets their dietary needs, feeding alone can add thousands of dollars per month to the bill.

Documentation Requirements

In conclusion, having an elephant entails a huge financial commitment and a great deal of responsibility. Before thinking about getting an elephant, it’s a good idea to familiarize yourself with the local rules and legislation and make sure you have the means and know-how to take good care of the animal. The African elephant, split into the African bush elephant (Loxodonta africana) and the African forest elephant (Loxodonta cyclotis), and the Asian elephant (Elephas maximus) make up the main species. The African bush elephant is the largest, standing at the forefront of the family Elephantidae. Elephants, key to ecosystems, show varied species, social structures, and face threats like poaching and habitat loss. Although international trade in Asian elephant ivory has been banned since 1975, elephant tusks are used worldwide.

  • The journey from wild to captive isn’t without its costs, both financial and emotional.
  • The laws governing the ownership of these animals are far less stringent than those governing category 2 animals, and they do not require specific permissions.
  • These expenses are just the tip of the iceberg when you consider that ongoing medical care and medication for long-term health issues can add thousands more annually.
  • The involvement of local communities in conservation efforts has proven essential, as sustainable practices can be promoted to reduce habitat destruction and crop losses due to elephant raids.
  • Think of them as a comprehensive package designed to support both the animal and its caretakers.
  • Before thinking about getting an elephant, it’s a good idea to familiarize yourself with the local rules and legislation and make sure you have the means and know-how to take good care of the animal.

Elephants are known for their empathy and intelligence, displaying behaviors such as mourning their dead and recognizing themselves in mirrors, exhibiting self-awareness. Because elephants eat so much, they get more and more in contact with humans. A series of conservation programs work with farmers to help protect their crops and provide compensation when an elephant attacks them. While hunting will not significantly reduce the number of elephants, communities in the areas where elephants live could benefit from the proceeds of hunting. In neighboring countries, where elephant hunting is legal, hunting a single elephant costs an average of $45,000.

When considering purchasing an elephant, it’s crucial to understand the complex web of regulations that govern such transactions. Are you aware that owning or trading elephants is not just a matter of personal preference; it’s also subject to stringent laws designed for their welfare and conservation? In fact, many countries have banned or strictly regulated elephant ownership due to ethical concerns and the potential impact on wild populations. When it comes to medical care for an elephant, we’re talking about more than just a quick visit to the vet. Regular health screenings, vaccinations, and dental care are all part of keeping this majestic creature healthy. Some organizations might offer elephants at reduced prices to support their conservation efforts.

Researchers are also exploring lesser-known factors that may impact elephants, such as diseases spread by insects, leading to a growing interest in elephant mosquito facts. By understanding these diverse threats, conservationists can develop more effective strategies to ensure the long-term survival of these majestic creatures. Efforts to conserve elephants have been implemented on various fronts.

This amount is usually paid for caring for and housing the pet in an environment that meets federal regulations. Depending on the size and the pedigree line of a baby elephant its price can reach up to $1 million, and in some cases even more. Now, think about feeding this giant creature—what do you eat in a day?

These animals are often kept in sanctuaries where they receive top-notch care until they can be released into the wild or placed in reputable zoos. This model is akin to a charity sale, where you’re not just buying an animal but supporting important environmental causes. A appropriate habitat – Animals should have a home that is secure and fits their individual needs.

Elephants have a limited ability to adapt to temperature changes, the more drastic and quick the change the less likely they will adapt, as with most other animals. This is especially true of their legs which can suffer severe and irreparable damage if left in the cold for extended periods of time. The social life of elephants is intricate, with herds generally matriarchal. A How to buy an elephant herd is led by an older female, or matriarch, and typically consists of related females and their calves. Adult males, or bulls, tend to live solitary lives or form loose groups known as bachelor herds.

Habitat and Distribution

Think of it like buying a house—you might pay more upfront, but you get the assurance that it’s legally sound. Most Botswana elephants live in the northeast of the country and frequently cross into Zambia, Zimbabwe, and Namibia, which have their own elephant populations. It is estimated that there are about 415,000 elephants in Africa, a population that has been decimated by ivory poaching, especially in East Africa. Elephant babies should also get a small shower using a garden hose. Many elephant owners are not aware of how important the hygiene of the space in which an elephant lives really is. For this reason, the average price for housing an elephant can be around $3,000 to $4,000 per month, with an average of $40,000 per year without the feeding costs.

Ivory itself is used to make a variety of items that are usually used to show wealth, abundance, or importance. Another factor is whether you buy it from a reputable breeder or from someone that caught it in the wild, as the first one will cost more. The Tuskers are the biggest and most magnificent male members of the herd, getting their name from their mighty tusks. The next size up from the calves, they are loved for their curious and playful expressions.

  • Habitat fragmentation poses a significant threat as it can lead to human-elephant conflicts and a decline in elephant populations.
  • Ivory carving is used to make works of art, religious objects, and decorative boxes for expensive objects.
  • The consequences could range from hefty fines to seizure or even criminal charges.
  • Some Asian nations also value elephant tusks for their apparent medicinal properties.

Protection of habitats through the establishment of wildlife reserves and corridors allows elephants to travel safely between different areas to access food, water, and breeding grounds. The journey from wild to captive isn’t without its costs, both financial and emotional. The capture process is akin to a delicate dance between humans and elephants, requiring immense skill and understanding.

One of the most majestic animals on earth, elephants are the object of many people’s fantasy ownership. In this article, we’ll look at the elements that determine elephant ownership costs and offer some pertinent clarifications. Just like how your home has a cozy nook for you to sit and read or a kitchen where you enjoy your meals, an elephant needs its own spacious sanctuary. The cost of housing can vary greatly depending on the size of the enclosure, location, and even the climate conditions in which it’s situated. The legal status of elephants can significantly impact their cost. If an elephant is part of a breeding program or registered, it might be more expensive but comes with additional benefits such as legal protection and conservation support.