K-pop phenomenon
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5 Things to Know Before the Stock Market Opens Wednesday
Stocks sold off on AI valuation concerns, led by Palantir. Democrats saw election success in NY, NJ, and VA. McDonald’s earnings missed expectations, while Cava cut its forecast. Layoffs are sweeping across companies, with some questioning if it’s truly AI-driven or “AI-washing.” Netflix’s “KPop Demon Hunters” boosted the K-pop industry significantly. Despite Meta’s investment, Scale AI’s CFO confirms the company’s business is still growing.
