For: November 11, 2026
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed lower on Wall Street yesterday following a hotter-than-expected inflation report. The Consumer Price Index for October rose four-tenths percent for the month reigniting inflation concerns. Stripping out volatile food and energy prices, the core CPI increased three-tenths percent. Treasury yields jumped and stocks fell on renewed fears of aggressive Federal Reserve rate hikes. Nvidia shares slid five percent in the fallout over CEO Jensen Huang's admitted affair with an alleged Chinese spy. The Dow Jones Industrial Average fell 157 points to 52-231. The S&P 500 lost 29 points to 75-20. The Nasdaq dropped 187 points to 25-065.
>>Anthropic Sets Modest Valuation Target
(San Francisco, CA) -- Anthropic is targeting a one-trillion-dollar IPO valuation, well short of the previously discussed amount. It's the latest sign of investor appetites cooling over AI as concerns mount over the infrastructure commitments to maintain it as well as ongoing volatility in AI-related stocks. Anthropic's growth has defied most concerns, so far thanks in large part to surging demand for its viral Claude models. The company says it wants to "bring forth an age of miracles" despite the profound uncertainties at the heart of the AI boom.
>>Americans Have Record Credit Card Debt
(New York, NY) -- Americans have more credit card debt than ever. The Federal Reserve Bank of New York's household debt report out Tuesday shows balances rose more than four percent over the last year to a record one-point-29 trillion dollars. Overall debt, including things like mortgages and auto loans, was also up to 19-point-one trillion dollars.
>>Ring Launches In-Home Security Drone
(Hawthorne, CA) -- Ring is offering a new tool in home security -- an indoor drone. The Amazon company launched the Ring Drone Camera on Tuesday for 250-bucks. Ring founder and chief inventor Jamie Siminoff said the new product is a response to customers asking for a product that gives them eyes in places a fixed camera can't reach. The drone features 148-degree peripheral vision and can rotate 360 degrees to catch potential threats. It requires as five-dollar-per month subscription fee.
>>Uber Launching New Parking Service Paving Way For Robotaxi Waiting Areas
(Undated) -- Uber is launching a new parking reservation program about nine months after they acquired the parking app SpotHero. Uber says the service will allow drivers to park across a network of 13-thousand garages and lots spanning over 400 cities. There are also plans to use some of those parking spaces as waiting areas for autonomous vehicles or robotaxis. This new service is going to start at first in 15 cities across the country including New York and San Francisco. It is part of Uber's effort to expand the range of products offered outside of ride-sharing.
>>Skydance Looking To Cut $6B in Expenses After Merging Ops With WBD
(Los Angeles, CA) -- Skydance is looking to cut six-billion dollars in expenses after merging Paramount operations with Warner Brothers-Discovery. Paramount bought WBD for 111-billion dollars in early October, and renamed the merged company Skydance. It's now in charge of two legacy entertainment giants facing more than 80-billion dollars in debt. The company is planning cuts across corporate operations, marketing, technology and procurement. That includes at least two-point-two-billion dollars in overhead savings. Workforce reductions are expected to be part of that, but how many jobs will be cut and when is unclear. Skydance is also aiming to bundle HBO Max and Paramount Plus early next year, in what it calls "the first step" in its plan to prioritize streaming.
>>Skims Offering Refunds On $148 Advent Calendar
(West Hollywood, CA) -- Kim Kardashian's apparel company Skims is offering refunds on its 148-dollar advent calendar after it was mocked by some as a "scam." The calendar, which features items like hair ties, keychains and Skims-branded bobby pins, caused an uproar online with many calling it the "worst advent calendar ever." Since the product's release, videos of shoppers, disappointingly unboxing the calendars have spread online and drawn millions of views. A rep for Skims confirmed the refund offer to Entertainment Weekly saying "We understand that the calendar didn't meet expectations."
