Nasdaq is poised to beat the New York Stock Exchange in initial public offerings this year, far outpacing its crosstown rival during a record year for capital raised in U.S. public markets. IPOs at Nasdaq have raised $191 billion this year through Friday, compared with $109 billion for new listings at the NYSE.

The number of angel-investment rounds totaled 1,783 in the first nine months of 2021, translating to 2,377 for the full year, which would be up from 1,942 last year and 2,147 in 2019. This pace would produce a 2021 total of $3.6 billion, up from $2.5 billion last year and $2.7 billion in the pre-pandemic year of 2019.

Gasoline prices have climbed about 50% in a year, and this year’s rise is on pace to be the largest percentage increase in at least a decade.

President Biden’s decision to reappoint Jerome Powell as Federal Reserve chairman and elevate governor Lael Brainard signals continuity on monetary policy.

U.S. inflation hit a three-decade high of 6.2% in October.

General Electric plans to split into three public companies focused on aviation, healthcare and energy.

Alphabet Inc.’s Google has invested $1 billion in futures-exchange giant CME Group Inc. and struck a deal to move the company’s core trading systems to the cloud. Under the deal, the technology giant’s Google Cloud unit would eventually power markets that handle trillions of dollars in trades each day.

The Federal Reserve approved plans to begin scaling back its bond-buying stimulus program this month and end it by June, a major step toward withdrawing its aggressive, pandemic-driven economic support amid a recent inflation surge.

GDP grew at a historically fast annual rate of 6.7% in the second quarter as an infusion of government stimulus, widespread business reopenings and rising vaccination rates fueled spending. Those spending drivers faded in the third quarter as the U.S. economy grew by 2.0%.

Federal Reserve officials are set to wind down their $120 billion-a-month bond-purchase program in November.