Anthropic’s IPO Price Talk Is Rising: 8 Key Items Shaping the Stock Market Wednesday

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Costco’s big special dividend, OpenAI’s latest revenue and subscriber figures and other headlines moving the market this morning.

1. Despite market bets on a de-escalation in the Iran war, new evidence has emerged in recent days of strikes on tankers in the Strait of Hormuz and on energy infrastructure in the Middle East. (Reuters) Iran will not allow even a single particle of enriched nuclear material to leave the country ​and there will be consequences in the event of any new U.S. ‌strikes on the Islamic Republic, Iranian security chief Mohsen Rezaei said in televised remarks. (Reuters)

Oil prices rose on Wednesday after falling to two-month lows in the previous session, as the market swung between hopes for a de-escalation in the Iran war and concerns about ongoing attacks on shipping in the Strait of Hormuz. This is challenging the market thought that a peaceful settlement between the U.S. and Iran is more likely, but we’ve seen those expectations vacillate before. We will also want to monitor flows from other countries following data that suggests a normalization is underway in the energy markets that could lead to lower crude prices in the coming months.

2. Goldman Sachs forecast a 25-basis-point Federal Reserve rate increase in March on Tuesday after hotter-than-expected October inflation data prompted it to change its call for an end to the hiking cycle in December. The U.S. lender joins Deutsche Bank, which expects an additional quarter-point rate hike ​in January on top of increases in December and March. (Reuters)

Following Tuesday’s hotter-than-expected October CPI report, we discussed the increased probability that the Fed would need to do more to tamp down inflation pressures, but we also shared why what happens between now and early December with oil prices could swing the size of the expected policy hike. Friday’s October PPI report will bring another piece of the inflation puzzle and more insight on companies announced plans to boost output prices to preserve margins and their bottom line.

3. CoreWeave said on Tuesday it would become profitable on an adjusted basis in the first…

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