Robinhood Markets is jumping into election betting.
Why it matters: With over 23 million funded customers, the retail brokerage is offering up wagers on the U.S. presidential election to its massive U.S. network.
Boeing launched a roughly $19 billionshare sale today.
The intrigue: The aerospace giant's stock lost around 2.8%, a fairly modest drop given the relative size of the offering (around $14 billion is expected to come from the sale of common shares).
The company has shed over $63 billion in market value since mid-December — a 40% plunge — giving it a market cap today of $93 billion.
The big picture: The company is looking to shore up its balance sheet as it grapples with an ongoing worker strike that has grounded production of its best-selling planes.
JPMorgan fixed the glitch — and now it wants its money back.
Zoom in: The bank has begun suing customers it says stole thousands of dollars as part of a scheme popularized in a series of viral social media videos over the summer, CNBC reports.
Catch up quick: The alleged scheme involved people writing large bogus checks, depositing them into Chase accounts, and then people quickly withdrawing enormous amounts of cash before the checks would bounce.
Driving the news: JPMorgan today filed three separate federal lawsuits aimed at getting back their money, per CNBC.
Though the initial suits target cases involving the biggest dollar amounts, people familiar with the situation tell CNBC that it's likely just the start of a "wave of litigation" from the bank.
By the numbers: In one case filed in Houston, JPMorgan alleges that a masked man deposited a bad $335,000 check at an ATM and then a customer immediately withdrew over $290,000.
Donald Trump has said he wants to "terminate" spending on what he calls the Green New Deal, presumably referencing the Biden administration's signature Inflation Reduction Act, a major climate law.
Why it matters: Pulling back that money would require congressional action — not a given, as the IRA's popularity has grown — and it could result in lost jobs, unfinished factories, and a costly mess for many businesses and states that are counting on those funds.
Top Democrats are confident that a trio of economic reports this week will give them one final shot to convince voters that the economy is much better than they think it is.
Why it matters: Hope has replaced dread inside the Biden-Harris administration when it comes to official data drops.
With the countdown to Election Day in the single digits, GOP vice presidential candidate JD Vance returned to the familiar Sunday show stage.
In his sometimes hostile sit-downs with three networks, Vance zoomed in on foreign policy while touting an image of former President Trump as a "candidate of peace," as the GOP nominee continues to deliver controversial closing arguments.
Here's what you may have missed when newsmakers hit the airwaves this Sunday, Oct. 27.