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CE 100 Index’s Barely Budges in Holiday-Shortened Trading Week

  • The CE 100 Index barely moved in a holiday-shortened trading week, slipping only 0.02%.
  • Banking sector surged with LendingClub introducing LevelUp Checking, offering rewards for debit spending.
  • JPMorgan Chase to launch a digital deposit token 'JPMD' for institutional clients, boosting its stock by 3.8%.
  • Visa partners with Yellow Card to explore stablecoin use cases in African markets, while Visa's stock dropped by 4%.
  • Buy now, pay later names like Sezzle and Affirm saw gains, with Affirm securing a new loan sale facility with PGIM Fixed Income.
  • Be Well sector declined, led by Peloton's 11% dip after introducing a peer-to-peer resale marketplace called Repowered.
  • In the Enablers group, OpenAI's Sam Altman accuses Meta of poaching workers with large signing bonuses, as Amazon's stock fell by 1.1%.
  • Amazon CEO Jassy emphasizes embracing AI to ensure future success and hints at a shrinking workforce as a result.

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