Summary
A recent analysis of over 950,000 used cars reveals significant disparities in vehicle depreciation over the first five years. The study identifies the Nissan Leaf as the worst performer, losing 63.1% of its value, followed closely by the Infiniti QX80 and Tesla Model S, which also see steep declines. Conversely, vehicles like the Porsche 718 Cayman and Toyota Corolla Hatchback demonstrate remarkable resilience, retaining more than 70% of their original value.
In other news, Anthropic, an AI company, prepares for a potentially historic IPO that could value it at up to $2 trillion, surpassing SpaceX's previous record. The company reported substantial revenue growth but also significant losses attributed to accounting charges. Meanwhile, Halloween spending is projected to reach a record $13.5 billion this year, driven by rising candy prices. Additionally, federal courts are busy with election-related disputes, including a ruling on the unlawful firing of Maureen Comey by the Justice Department and ongoing challenges to mail-in ballot certifications in California.
Show Notes
Today’s Headlines: Anthropic IPO Could Be Largest in History, Halloween Costs Hit a Scary Record, Map Shows Where States Get Their Taxes
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Story Links: Where Each U.S. State Gets Its Tax Revenue From: https://www.visualcapitalist.com/where-each-states-tax-revenue-comes-from/
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