Secondhand gifts are losing their stigma: ThredUp says the number of items it sold in the holiday season grew 37% from 2023 to 2025, versus 22% for the full year. A GlobalData survey it commissioned found 62% of Americans plan to buy at least one secondhand item this holiday season.
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Anthropic, maker of the Claude AI models, filed its public S-1 registration with the SEC on Monday for an IPO under the ticker ANT. Reports say the listing could value the company at $1.5 trillion to $2 trillion, putting it alongside SpaceX, which listed in June at about $1.8 trillion. The prospectus did not give a share count or price range.
President Trump told Fox News he is nearing "decision time" on whether to make a deal with Iran or "finish it off," as Qatari mediators visited Tehran and Houthi attacks on Saudi Arabia continued. The last confirmed U.S. strikes on Iran were Sept. 1, and Trump has said they won't resume until after the Nov. 3 midterms; Tehran says it is preparing a military response.
Elon Musk said SpaceX has closed $40 billion in debt financing to buy GPUs for its AI operations. He credited its investment-grade rating and Starlink and launch revenue, and warned that debt markets have largely shut off money to companies whose only revenue is AI data centers.
A group of JetBlue's senior creditors has reportedly hired investment bank PJT Partners and law firm Akin as the airline's financial pressures mount. JetBlue's roughly $2 billion in secured notes due 2031 fell to about 42 cents on the dollar Thursday, down from near 80 cents last month, as rising fuel costs complicate its turnaround.
