Netflix shows impressive resiliency.

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. BlackRock, the investment juggernaut, appears poised to make history with its iShares spot Bitcoin ETF, now registered with the Depository Trust & Clearing Corporation (DTCC). Many interpret this move as an impending nod from the U.S. Securities and Exchange Commission. The ETF, bearing the ticker symbol "IBTC", aligns with BlackRock's established branding conventions for its ETFs. Notably, this marks the inaugural Bitcoin spot ETF listed on the DTCC, signifying a pioneering stride towards its potential market listing.

2. Amidst the tumult of UAW-led strikes, General Motors (GM) unveiled a revised annual forecast during its third-quarter earnings and revenue announcement, offering investors a clearer picture of the company's financial landscape. Even though GM has fewer UAW members on strike compared to industry counterparts Ford and Stellantis, the financial fallout remains palpable. Strikes that kicked off in mid-September carved out over $800 million from GM's pretax earnings. Yet, as UAW lobbies for better wages and benefits, the spotlight may shift to GM's remarkable quarterly profit, which stands close to a hefty $3.1 billion.

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4. Headlines

   1. Panera Bread founder Ron Shaich’s new book has revealed that McDonald’s tried to acquire the company.

   2. Coca-Cola beat earnings expectations for Q3.

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