Good morning, Quartz readers!
HERE’S WHAT TO KNOW
Goldman Sachs likes the prospects of a Kamala Harris presidency. The bank says her election and a Democratic control of the House and Senate is the economy’s best-case scenario.
Nvidia’s stock plunge cost its founder $10 billion. Jensen Huang lost out big when the chipmaker’s shares dropped 9.5% on Tuesday.
Americans really want the Fed’s help buying a car. A survey suggests autos are the biggest-ticket item consumers are putting off while waiting for lower interest rates.
Nordstrom’s founders really, really want to take the department store private. They offered shareholders $2.3 billion for the privilege.
Dorm decorating is becoming a five-figure proposition. The intense competition for the cutest, comfiest room is showing no signs of slowing down.
WHO GETS THE BITCOIN IN A DIVORCE?
As adoption of cryptocurrency proliferates, the digital asset class has been agglomerated into one of America’s most mainstream institutions — divorce.
As couples continue to split up in the age of Doge and Ethereum, figuring out how to divvy up those computer coins is becoming a huge headache for the formerly wedlocked.
Quartz’s Vinamrata Chaturvedi put together a step-by-step guide on handling cryptocurrency in divorce proceedings without getting lost in the complexity of the process.
VOLKSWAGEN IS RUNNING OUT OF ROAD
The automaker’s CFO, Arno Arlitz, says “the market is just not there” for its products, and that it will have to begin dramatically cutting spending to survive.
Arlitz told thousands of assembled workers that the company has “one, maybe two” years to turn things around to get its output (and capacity) better in line with what customers want.
Quartz’s William Gavin explains what went wrong — and what might come next. Hint: It involves a lot of outraged union members.
MORE FROM QUARTZ
🏗️Joe Biden has moved to block Japan’s Nippon Steel from acquiring U.S. Steel
🌯Chipotle is selling burrito-themed unitards with Spirit Halloween for guess-which-holiday
💺Southwest Airlines is selling BOGO airfares as part of a loyalty promotion
🚲Lyft is laying off staff as it doubles down on bikes and scooters
👛Only a third of America’s millionaires actually feel ‘wealthy’
💲Dollar Tree is losing ground to Walmart and Target
SURPRISING DISCOVERIES
Spaniards have been really into pineapples lately. A TikTok craze is overwhelming the aisles of the Mercadona grocery chain with shoppers looking for a little loving.
Tennis players live longer. A Danish study says the sport can add a decade to practitioners’ lives.
Ticketmaster did another Eras tour-style fiasco. The United Kingdom’s culture minister is calling the purveyor to the carpet after “dynamic pricing” left Oasis fans queueing up for nothing.
The labor market is getting really dry. The number of job openings out there are at their fewest since January 2021.
Some disabled workers make less than $1 an hour. A program that was meant to be a stepping stone to regular-wage work became a dead-end instead.
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