Wall Street Breakfast Faraday Future surges with CES reveal ahead
Dec 31, 2024
Faraday Future is making headlines with a significant stock surge as it prepares to unveil its FX prototype at CES. There's a twist in the mattress industry; Tempur Sealy and Mattress Firm are proposing concessions to counter FTC concerns. Interestingly, Tel Aviv is considering a shift to a Monday-to-Friday trading week. Additionally, the podcast touches on strategic stock investment approaches and the relocation of HIVE Digital's headquarters to the U.S. for better opportunities.
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Faraday Future Stock Surge
- Faraday Future's stock surged 78% after news of their prototype car reveal at CES 2025.
- They also announced entrepreneur Luke Hans will receive the first FF91 2.0 Futurist Alliance EV.
Tempur Sealy and FTC
- Tempur Sealy gained over 3.5% after proposing concessions to the FTC regarding their Mattress Firm acquisition.
- They offered to make more retail space available for competitors, addressing FTC concerns about market power.
Tel Aviv Stock Exchange
- The Tel Aviv Stock Exchange will switch to a Monday-Friday trading week in 2026.
- This change aligns them with global markets and facilitates international investment, boosting the Israeli economy.