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<ul class="summary-list"><li>Credit card data giant Yipit has accused two former salespeople of stealing intellectual property.</li><li>The former employees took "secret information at the heart of Yipit's business" to use in their roles at MScience, Yipit says in its lawsuit.</li></ul>Carlyle-backed data giant Yipit's lawsuit against two former employees — and 10 unnamed "individuals or entities who have conspired" with them — is the talk of the alternative data industry.Alex Pinsky, who was elevated to head of sales at Yipit rival MScience this year after joining in 2022, and Zachary Emmett, who left Yipit for MScience this year to join his former colleague, stole "secret information at the heart of Yipit's business," according to the 55-page lawsuit.The suit, filed on October 16 in the federal court in Manhattan, outlines how Emmett allegedly "texted detailed information about Yipit's customers to Mr. Pinsky, uploaded some of Yipit's most sensitive files to his personal accounts, and repeatedly took disloyal actions or inactions during his last months at Yipit." In return, the suit says, Pinsky helped Emmett get a job at Jefferies-owned MScience.In total, Pinsky "solicited Yipit's information from Mr. Emmett, and Mr. Emmett provided it, no fewer than 18 times," the suit states.Pinsky and Emmett, who focused on sales to Yipit's existing hedge fund clientele while at the firm, did not respond to requests for comment. A person close to MScience told Business Insider that they are no longer at the company.Yipit and MScience declined to comment.The suit includes screenshots of what it says were text messages between Pinksy and Emmett discussing how Yipit clients approaching renewal dates could be targeted by MScience. One alleged conversation between the two starts with them discussing an unknown hedge fund client who is "maybe the biggest a hole in the entire industry.""Can be your first one," Pinsky wrote to Emmett, who had not yet joined MScience.Emmett tried to conceal the transfers of Yipit's client data when he left the company, according to the lawsuit. He renamed files with titles such as "ZEtaxes2024" to hide what they actually were and uploaded them to personal devices via the messaging platforms of Facebook and LinkedIn."These files were among Yipit's 'crown jewels,'" the lawsuit says, including an internal presentation on the company's new Apple-focused data product that outlines Yipit's "underlying proprietary methodology.""Notably, Competitor also offers an AAPL product and is Yipit's key competitor for this product," the suit reads, referring to MScience.Longtime data vendors and buyers told Business Insider that the suit had stirred up the adolescent industry because of the openness of the two former employees."Never put this kind of stuff in writing," one data sales executive told BI.Poaching old clients after joining a new firm is certainly not a new phenomenon in the data industry, these people said, but the fact Yipit has decided to publicly name the two former employees is proof that there is still a line in the sand, these industry players said."Yipit is making sure these guys don't work in alt data ever again," a data executive at a hedge fund said.

Inside the trade secrets lawsuit that has the alternative data industry buzzing

<ul class="summary-list"><li>VCs are lobbing cash at the presidential election and key congressional races, FEC data shows.</li><li>While most VCs favored Democrats, a16z's crypto giving dwarfed all other donations.</li></ul>America is bitterly divided over politics, and the tech industry — once portrayed as a liberal bastion — is <a target="_blank" href="https://www.businessinsider.com/election-a-distraction-silicon-valley-wants-to-be-over-2024-8">no different.</a> Among the sector's investor class, these disputes typically play out behind closed doors, with checkbooks rather than <a target="_blank" href="https://www.businessinsider.com/silicon-valley-political-divide-twitter-elon-musk-kamala-harris-2024-8">angry social media posts</a>.This election cycle, investors at the top venture capital firms have plowed tens of millions of dollars into the election, both backing their favored political candidates and just cannily promoting commercial interests.Business Insider trawled political donation data released by the Federal Elections Commission to see how employees at VC firms have donated by candidates and political entities as the hotly contested race enters its final phase.The data is limited, focusing only on a subjective grouping of 10 high-profile firms, and cutting off at varying points over the summer. More recent FEC donor data will be released in the days and weeks ahead of the November 5 general election, often the most turbulent time in any cycle.The sheer volume of donations captured in the FEC filings underscores the significance of the tech constituency in the political arena, how the Silicon Valley elite has embraced politics of late, and just how flooded by money modern American politics has become.<h3 id="dd94bff4-8a0b-4fe4-8f40-59db1deb3131">The big spenders</h3>For venture capitalists, talking politics can invite scrutiny — or worse, turn off founders seeking funds for what might be the next big thing. It's part of the reason why many firms won't take positions on political issues or push a candidate on their employees.While that hasn't stopped individual investors from voting with their dollars, many VC firms are quick to point out that donations do not represent the organization's political stance.Except when they do.Andreessen Horowitz, or a16z, is the sole firm in our dataset to make political contributions directly. In this election cycle, it contributed $47 million to groups working to elect blockchain-friendly candidates, including Fairshake, a titanic crypto-industry backed super PAC. The firm is all-in on crypto, investing in Solana and Yuga Labs, and launched a $4.5 billion investment fund focused on this area in 2022.While the names of the firm's founders, Marc Andreessen and Ben Horowitz, also appear on filings for donations to these groups, a16z says on its <a target="_blank" href="https://a16zcrypto.com/posts/article/contributing-to-fairshake-pac/">website</a> that these contributions come from the firm, not the founders personally. Though the distinction a16z draws between itself and its founders might be slightly artificial, given Andreessen and Horowitz created, own, and named the firm after themselves.For all the brouhaha about Andreessen and Horowitz putting <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-vcs-in-silicon-valley-2024-7">millions of dollars</a> behind Trump's latest bid for the White House and Horowitz hedging his bets with <a target="_blank" href="https://www.businessinsider.com/read-ben-horowitzs-email-a16z-saying-plans-donate-kamala-harris-2024-10">a planned donation to Harris</a>, the data shows the two are a rare breed among venture investors: relatively bipartisan donors.Horowitz sent roughly 59% of his personal political contributions to Republicans and a little under 40% to Democrats, while Andreessen more strongly favored Republicans this election cycle, with 64% of his donations.In the time period covered by the data, a16z even eclipsed Greylock, where outgoing partner and <a target="_blank" href="https://www.businessinsider.com/silicon-valley-billionaires-investors-kamala-harris-mark-cuban-reid-hoffman-2024-8">Democrat megadonor</a> Reid Hoffman has personally pumped nearly $30 million in recorded donations into the presidential election and key congressional races.Investors at Founders Fund, which has backed SpaceX and Palantir, are nearly 100% Republican in donations, though the bulk of contributions came from Keith Rabois, who left the firm in January to rejoin Khosla Ventures. Employees of venerable firm Kleiner Perkins are the opposite, giving almost entirely to Democratic causes, as is the case for Y Combinator, the colossal startup accelerator.Like Andreessen Horowitz, Sequoia Capital is largely bipartisan. Unlike a16z, its biggest donors are largely split on party lines. Michael Moritz, who left the firm midway through last year and continues to serve as an advisor to Sequoia Heritage, its wealth management group, gives to Democrats, while Sequoia partner Shaun Maguire donates to Republicans.<h3 id="3ae3c5f1-4f98-4417-8e68-d3e367656034">Number-crunching</h3>When a candidate's campaign or other political entity receives political donations, they must report it either quarterly or monthly to the FEC, along with information about the donors, including the donor's employer. The federal agency processes these filings, before releasing them in a searchable format on its website.The data analyzed for this story cuts off on August 31 for entities that report donations on a monthly basis (including presidential campaigns, national party committees, and some PACs), while the cut-off for entities that report quarterly (including Congressional committees and some PACs) is June 30. (The filing deadline for Q3 data for quarterly filing entities was October 15, but this data isn't yet readily available in full online.)Business Insider selected 10 venture capital firms to focus on, taking into account fund size and cultural and industry significance. The list encompasses employees ranging from general partners and firm founders to marketers and executive assistants.The findings should not be interpreted as an exhaustive accounting of all venture capital investors' donations to date, but as a comparative analysis of how some of the industry's most significant players have approached political giving over the summer as the election heated up.Business Insider divided the recipients into three categories: Democrat-aligned, Republican-aligned, and unaffiliated — a grouping that includes both bipartisan groups like Fairshake and independents like West Virginia senator Joe Manchin, as well as organizations like The Lincoln Project, run by self-described Republicans but in practice supporting Democratic causes.<h3 id="383b71f4-35bb-4d3d-9fd8-a1daae48b9df">Hoffman vs. Horowitz</h3>Hoffman, the top individual donor, has developed a reputation as tech's Democratic Party standard-bearer. In this election cycle, records show his efforts include $2 million to help fund an <a target="_blank" href="https://www.forbes.com/sites/saradorn/2024/01/31/billionaire-reid-hoffman-spent-2-million-on-bidens-new-hampshire-write-in-campaign-fec-records-show/">unusual write-in effort</a> for President Joe Biden in New Hampshire, and millions to joint fundraising committees for Harris after Biden dropped out. Hoffman also <a target="_blank" href="https://www.nytimes.com/2023/12/05/us/politics/nikki-haley-reid-hoffman-donation.html">gave $250,000</a> to a super PAC supporting Nikki Haley, the last major candidate to challenge Trump for the Republican nomination.Most donors more closely resemble Hoffman than Horowitz: clearly partisan, with an overwhelming majority of their donations going to support one party.Vinod Khosla of Khosla Ventures is another of the biggest donors on the Democratic side of the aisle, with more than $3 million in recorded donations during the time period to recipients including the Democratic Congressional Campaign Committee and Harris' presidential campaign. Khosla's giving puts him just above John Doerr, chairman of Kleiner Perkins and architect of cleantech investing, though he hasn't managed funds for the firm in a decade.Sequoia Capital's Doug Leone is one of VC's most prolific GOP-aligned political donors, giving his almost $3.8 million to the National Republican Committee and other causes.The vehicle of choice for many of these donations is via super PACs, a controversial political fundraising tool that can raise unlimited funds — <a target="_blank" href="https://www.fec.gov/help-candidates-and-committees/candidate-taking-receipts/contribution-limits/">bypassing FEC limits on donations</a> to candidates and other committees — but cannot directly coordinate with candidates. Asides from Fairshake, some of the biggest super PACs out there favored by VC investors include Future Forward PAC, a tech billionaire-linked Democrat-supporting group, and <a target="_blank" href="https://www.businessinsider.com/elon-musk-trump-america-super-pac-2024-10">America PAC, a right-wing entity founded by Elon Musk</a>.Investors also gave to several joint fundraising committees, which take money for multiple candidates or organizations. They, too, became favored over the years because a joint fundraising committee allows candidates to rake in cash while sharing the costs of fundraising — think website hosting fees, high-end hotels, and catering for splashy Hamptons fundraisers. The most well-loved committees in our dataset were the Harris Victory Fund and Harris Action Fund, the joint fundraising efforts between the Harris campaign, the Democratic National Committee, and state Democratic committees.Reached for comment by Business Insider, none of the named investment firms agreed to make employees available for interviews about their political giving. Perhaps, from the donors' perspectives, they don't need to: They're already putting their money where their mouth is.Have a tip or a story? Connect with Melia Russell via email at <a target="_blank" href="mailto:mrussell@insider.com">mrussell@businessinsider.com</a> or by phone at (603) 913-3085. Reach Rob Price at <a target="_blank" class="" href="mailto:rprice@insider.com">rprice@businessinsider.com</a>. For sensitive matters, use the Signal app on a non-work device for encrypted messaging.

Venture capital is going to war over the election. Here's the data to prove it. 

<ul class="summary-list"><li>Some young people are considering a "lavender marriage" over a traditional relationship.</li><li>Lavender marriages historically helped conceal sexual orientation, but Gen Zers are redefining it.</li></ul>For many young people right now, the <a target="_blank" href="https://www.businessinsider.com/dating-apps-find-love-romance-online-tinder-match-total-scam-2024-10">dating scene is rough</a>, their families are far away, and <a target="_blank" href="https://www.businessinsider.com/high-rent-costs-renters-rental-housing-market-affordability-income-prices-2024-5">housing is expensive</a>.To share the load, some are opening up applications for "lavender marriages" — something that was once the preserve of the LGBTQ+ community.The term was originally coined in the early 20th to describe a union between a man and a woman in which one or both partners are homosexual or bisexual.It was meant to provide a facade for those who wanted to hide their sexuality from wider society.But lavender marriages have made a resurgence on social media in recent months among Gen Zers who are tired of being broke, single, <a target="_blank" class="" href="https://www.businessinsider.com/tiktokers-are-documenting-the-epidemic-of-loneliness-2023-4">and lonely</a>. Some videos with the hashtag #lavendermarriage on TikTok have amassed <a target="_blank" class="" href="https://vm.tiktok.com/ZGdeFu9BW/">millions of views</a> on the platform.Robbie Scott, a TikToker and musician with 300,000 followers, recently posted a video asking for "applications for a lavender marriage" because he wanted to live with someone so he could afford mortgage payments, utilities, and taxes."You can mess around with whoever you want, whenever you want, I don't care," he said in the video, which has received <a target="_blank" class="" href="https://vm.tiktok.com/ZGdeYrKj4/">more than five million views</a>. "In fact, I encourage it. Have fun. Live your best life."<h2 id="1c4be94f-a91b-485c-9850-ac0905f2ba7c">A modern-day lavender marriage</h2>Traditionally, a lavender marriage was just that — a legally binding marriage.Edward Reese, a gender and sexuality expert at the LGBTQ+ dating app Taimi, told Business Insider that this can still be true. It can bring benefits such as inheritance rights, childcare, tax breaks, better mortgage rates, and primary care if one of you gets ill."People can do it in case one or both partners don't have family or have gone no contact, and their lavender spouse becomes not only their best friend but a legal family member," he said.But the modern version of a lavender marriage could also simply be a spoken agreement between two people to live their lives like a married couple, without the sex.This is different from having a roommate, Reese added, who can move out of a shared household any minute, whenever they choose."The couple in the lavender marriage is expected to get through all the conflicts, discuss and compromise," he said. "It's a union with commitment, love, and loyalty, and all of these can be not romantic."Christine DeVore, a licensed clinical psychologist who is the director of adult and couples services at Birch Psychology, told BI that a lavender marriage offers a practical solution to some of life's burdens."It's a way to ease financial stress while still being independent," she said.While somewhat tongue-in-cheek, Scott's video on TikTok prompted other Gen Zers to share their thoughts. They said lavender marriages were "<a target="_blank" href="https://www.tiktok.com/@a_literal_crab_rangoon/video/7421015761826663722">looking more appealing by the day</a>" and that the agreement might be what they "<a target="_blank" href="https://www.tiktok.com/@afreakingmaya/video/7375348974997523758">really need</a>."Several older viewers commented, saying they had given lavender marriages a try and were happier than ever.<div type="image" title="Couple holding hands, wearing wedding rings, on their wedding day." height="2574" width="3861" msid="114123013" hostid="261" sizebytes="164894"></div>Sofie Roos, a licensed sexologist, relationship therapist, and sexual health expert who writes for the sex-positive magazine <a target="_blank" href="https://passionerad.se/">Passionerad</a>, added that there are many other benefits to a lavender marriage, including physical touch and comfort.She said benefits can include "cuddling in front of a TV show or when reading a book, sleeping together, and providing physical support and safety when needed.""Just as in every marriage, you feel safe with the person," Roos added. "Even though no attraction is involved, you can gain much more from being physically close to your lavender married partner than being close to a friend or to a one-night stand."<h2 id="0b761dc2-b1a7-47c3-8360-c29646ae62d2">A deeper issue</h2>It's unclear exactly how many lavender marriages are taking place, and to what extent the conversations on TikTok reflect a wider trend. But they do hint at more serious societal issues.Dating is still big business. Dating companies generated more than <a target="_blank" href="https://www.businessinsider.com/dating-apps-find-love-romance-online-tinder-match-total-scam-2024-10">$5 billion</a> in 2023 alone. Match Group generated annual revenues of more than $3.4 billion, while Bumble had revenues of $1.1 billion last year.But growth appears to be slowing. Match Group's paying users fell by around 6% in the first quarter of the year. It is now valued at $9.51 billion, down from $50 billion in 2021. Meanwhile, Bumble's value has fallen by around 90% since it went public in 2021. It is now worth around $822 million.That may be because Gen Zers are <a target="_blank" href="https://www.businessinsider.com/gen-z-dating-trend-online-apps-friends-romantic-partners-relationships-2023-3">turning away from </a>dating apps, with some thinking the apps now miss the point of what made them fun in the first place — <a target="_blank" href="https://www.businessinsider.com/tinder-hinge-okcupid-operator-match-sued-making-dating-apps-addictive-2024-2">going after profits</a> rather than real connections.Others are tired of modern dating culture, with <a target="_blank" href="https://www.businessinsider.com/fancy-first-date-no-connection-ghosted-2023-8">ghosting</a>, catfishing, and some prospective partners not showing up to dates at all.One creator, Cleopatra, who is 23, told BI that what really appealed to her is the community aspect, where women can live without fear of being hurt or abused."I think the majority want change," Cleopatra said. "This patriarchal lifestyle, these gender roles, are becoming exhausting, to say the least.""The dating pool is certainly full of shit," she added.She said the financial stability the arrangement could offer was also definitely a draw, particularly given <a target="_blank" href="https://www.businessinsider.com/gen-z-millennials-housing-costs-insurance-debt-election-trump-biden-2024-6">Zoomers have more debt</a> and are paying more for housing than millennials did a decade ago.According to a recent <a target="_blank" href="https://www.businessinsider.com/dating-apps-find-love-romance-online-tinder-match-total-scam-2024-10">Washington Post</a> analysis of Bureau of Labor Statistics data, Gen Z is spending 31% more on housing costs compared to what millennials paid 10 years ago, a figure which also factors in inflation.The Post analysis said that car insurance costs increased more than twofold for Americans aged 16 to 24 between 2012 and 2022, and health insurance costs spiked 46% for this group during the same time span.That has led some to consider "<a target="_blank" href="https://nypost.com/2023/12/13/lifestyle/i-want-an-inflationship-lets-live-sexless-and-financially-free-in-the-same-bed/">inflationships</a>" — living in the same room, in the same bed, without having sex. Lavender marriages could just be furthering this trend.<h2 id="d50f74e2-7f51-4604-8646-2d542838f5a1">Boundaries are important</h2>For young people who are reconsidering how to approach relationships, a lavender marriage "can be a great replacement," Reese said. People are more commonly discovering they are aromantic or asexual, he added, which questions the pop culture norm of focusing on straight sex and love for so long.There are challenges, however. DeVore and Roos warned that emotional complexities can arise from such entanglements, and open communication about boundaries and feelings is vital for it to work.For example, the rules of a lavender marriage may be vague, meaning there could be the potential for upset down the line. Partners may disagree on what is allowed outside the relationship and what isn't and have different ideas of what defines cheating.Roos said this is when lavender marriages can show their weak side, triggering feelings of jealousy and sadness if one partner starts feeling left out.The arrangement may also not suit both people forever, such as if one decides to pursue a romantic relationship."What felt OK when talking things through before, or at the beginning, of the marriage, might therefore, later on not feel OK at all," Roos said.Ultimately, she said challenges and conflicts can arise even in the most committed partnerships, DeVore said."While a lavender marriage may offer certain advantages, it does not guarantee a lifetime of happiness and fulfillment," she said."It's important to remember that no relationship, including a lavender marriage, is immune to heartache."

For Gen Zers tired of dating, applications for lavender marriages are open

Ben Keenan estimates that over the past year, he's spent somewhere between $1,500 and $2,000 on dating. Despite spending a hefty sum on everything from drinks and food to tickets and Ubers, the 31-year-old Seattle communications consultant and content creator said the payout had yielded no real results: His relationship status is "nonexistent.""A lot of times I'm spending money just to get to know somebody out from behind a screen," he saidLike many younger Americans, Keenan is encountering a harsh reality: Not only is the modern <a target="_blank" href="https://www.businessinsider.com/gen-z-dating-declines-all-time-low-inflation-loneliness-friendship-2023-10">dating scene really tough</a>, but putting yourself out there adds up. To be smarter about his romantic spending, Keenan has become more selective with whom he meets — and instead of immediately suggesting pricey drinks, he's proposing lower-cost options like grabbing a coffee or going for a walk.As someone who's also been dating through whatever it is we've been doing romantically since 2020, I've noticed that my dating costs are going through the roof. There are, of course, the basic increases in just about everything, as anyone who's bought groceries or gas knows. In addition, new costs are getting layered on every day as the dating pool becomes tougher to navigate — relationship apps are barren unless you pay for access, and the new crop of exciting <a target="_blank" href="https://www.businessinsider.com/speed-dating-better-than-online-dating-apps-2024-3">speed-dating events</a> will cost you (if they don't sell out first).In an age of <a target="_blank" href="https://www.businessinsider.com/loneliness-epidemic-decline-in-third-places-friends-parks-community-2023-9">increasing isolation</a>, an intimate relationship can be especially valuable. And, pragmatically, finding a partner can have some economic advantages — after all, things are cheaper when they're divided by two. But the price tag to find the right person is getting higher. Love, in this economy, is increasingly reserved only for those who can afford it.<h2>Bring in the dating coaches!</h2>There's no magical financial formula for a relationship (sadly), but to sketch out the new cost of love, I decided to ask several dating coaches a few questions that could help me develop a relationship road map: How long does it usually take to find out whether you're compatible? How much should a date cost? Who is expected to pick up the tab?The coaches said it usually takes about three months of seeing someone once or twice a week for most people to consider it a relationship. So that's at least 12 dates before getting into a relationship. Not every date is the same — costs and activities will vary by person, location, and what you're drawn to. Amy Nobile Messing, a New York City <a target="_blank" href="https://www.businessinsider.com/love-amy-nyc-matchmaker-perfect-dating-profile-2020-2">dating coach</a> with a holistic and technology-based approach and clients aged 25 to 81, recommended a "mini screener date" for a first meetup before escalating to anything more."First dates should not be the traditional go out to dinner for four hours and spend a ton of money," she said. "They really shouldn't."Damona Hoffman, a Los Angeles dating coach, similarly recommended doing drinks because clients could otherwise end up overstaying their welcome and shelling out a whole lot of money."First dates should be something short and sweet," she said.After the first date is when the tabs get more substantial — a longer meal where you can sit across from one another and delve deeper. Daphney Poyser, whose <a target="_blank" href="https://www.fernconnections.com/press">Fern Connections</a> specializes in queer dating, recommended dinner and an activity like mini golf, ax throwing, or cooking classes.As things progress, another big question is who's picking up the bill — a decision that comes with a host of gendered assumptions and changing norms. Messing said that among her heterosexual clients, there's still an expectation that the man is paying for all the dates."If you're in a heterosexual relationship and you believe in chivalry, which, again, 95% of my clients do, then the man is paying, period, end of story," Messing said.But the answer is not as clear-cut for same-sex couples, couples who don't skew toward traditional heterosexual norms, or younger generations."My younger daters, they're like, 'Of course, we're going to split the cost of the date,'" Hoffman said. "That's a huge shift."Poyser tells her clients that everybody should expect to split the cost."If you like someone and they like you, then you should be willing to split the cost," Poyser said. Among Messing's queer clients, the rule of thumb has been that whoever asked the other person out or planned the date should pay — and they naturally trade-off as things progress.So for simplicity's sake, in our road map, let's assume that you're always splitting costs, with the expectation that straight men will pick up the bill more often.<h2>The nitty-gritty</h2>Now that we have a sense of the time, shape of the activities, and share of the bill, we can get a sense of what dating costs look like for a 12-date plan. Of course, these numbers are all approximations — your favorite restaurant or activity might cost more or less. But to get to rough estimates, I tried to stick close to real menu prices and approximate how much costs have risen.Since the coaches' first-date suggestions generally boiled down to drinks, I started the tabulation by looking at the average cost of a cocktail, which was <a target="_blank" href="https://conormclaughlin.net/2019/06/a-semi-scientific-study-of-american-cocktail-prices/">about $12 in 2019 across major US markets</a>. Adjust that for inflation, and it's about $14.50 in 2024 dollars. For alcohol-free drinkers, the average price of a coffee <a target="_blank" href="https://ny.eater.com/2024/5/9/24151420/price-of-coffee-nyc-latte-cold-brew">is about $6</a> in New York City, which is <a target="_blank" href="https://www.cnbc.com/2023/02/03/people-in-this-city-spend-the-most-on-coffeeits-not-new-york-or-la.html">comparable</a> with other markets."The cost of everything is more expensive," Hoffman said.For movies, prices vary across the country. The average ticket cost $11.75 in 2022, the research firm EntTelligence estimated; round up for recent inflation, and the average movie ticket costs about $12, plus $27 for a large popcorn, a drink, and candy. The same logic can be applied to museums: <a target="_blank" href="https://www.nytimes.com/2023/08/01/arts/design/museums-raise-admission-fees-guggenheim.html">Ticket prices across the country</a> have ticked up to the $30 range. I chose the American Museum of Natural History as our museum date spot because it is, inarguably, a great place to go on a date. The cost of an adult ticket: $28 for non-NYC residents. I also chose a premium concert experience for our daters since those <a target="_blank" href="https://www.businessinsider.com/jennifer-lopez-cancels-tour-slow-ticket-sales-concerts-prices-ticketmaster-2024-6">are less likely to get canceled than smaller shows right now</a>. Pollstar, a live-music industry publication, found that the average ticket price for a tour of the top 100 performing artists was $123.25 in the first quarter of 2024, up from $95.63 in 2020.Numbers got a little fuzzier when I looked at how much it cost to go out to dinner or order in. I chose my favorite date spot — Thai72 — as a menu example, and it tracked fairly closely with MoneyGeek's <a target="_blank" href="https://www.moneygeek.com/living/analysis/cost-of-a-date-in-major-cities/">estimate</a> that a romantic dinner out costs $96. Similarly, I used my favorite pizza spot — Mama's Too — to gauge the cost of a nicer takeout pizza and then added a Trader Joe's Caesar salad and a bottle of Josh rosé.After they have a few dates under their belt, I figured that many daters clustered in too-small urban apartments would want to get some breathing room. After all, there's nothing like a day trip to figure out what longer-term travel with your partner might look like. I looked at the cost of driving from New York City to Hudson, New York, a popular mini-road-trip destination (and, conveniently, a great way to visit Business Insider's economic-data editor, Andy Kiersz, who helped oversee these calculations). For our later dates, I also included a few spicier ideas, like a visit to the board-game café Hex&amp;Co., a pasta-making class, and a cheese tasting at Murray's Cheese, as fancier date activities.With these estimates, it's easy to see how dating adds up: Our hypothetical dater is spending $650 to make it to the 12-date mark.The estimates also don't take into account the subtler costs of dating. That could be as simple as the price of the commute to and from your meetup — which would cost you $5.80 if you took New York City's subway — or having to fill up your gas tank. The dating experts I spoke with also listed services their clients may want to invest in for dating, from hair and makeup to Botox and dating-app subscriptions.Hoffman, for instance, said that beauty norms had shifted: Skincare and different types of fillerl, along with Botox, are increasingly seen as necessary parts of a beauty regimen."All of these beauty enhancements, people aren't really thinking about the cost of them, but many times the reason that they're doing it is for attraction," she said. "I consider that a cost."Given these costs, I decided to incorporate a few of the major categories into the road map. An <a target="_blank" href="https://youprobablyneedahaircut.com/how-much-does-a-haircut-cost/">informal survey</a> of salons across the country pegged the average haircut at $56, so add one of those to the tab for the three-month getting-you-know-you period. In a 2023 survey by the data-analytics firm Inmar Intelligence, one-third of surveyed consumers said they <a target="_blank" href="https://www.businessinsider.com/beauty-shoppers-still-spending-big-as-us-consumers-cut-elsewhere-2023-3">spent over $500 on beauty products in the past year</a> — that works out to $125 in beauty-product spending, if we're accounting for around a three-month period. Meanwhile, an informal 2022 report <a target="_blank" href="https://www.styleseat.com/blog/waxing-cost/">found</a> that the average cost of a full body wax was $152, and <a target="_blank" href="https://www.cosmopolitan.com/style-beauty/beauty/a36462846/botox-cost-guide/">Cosmopolitan reported</a> in January that low-end forehead Botox would cost you $300. Taken together, that could mean up to $500 more in beauty spending alone.Modern dating also comes with a new cost: forking over money for dating apps. In a 2022 Pew <a target="_blank" href="https://www.pewresearch.org/internet/2023/02/02/the-who-where-and-why-of-online-dating-in-the-u-s/?utm_source=npr_newsletter&amp;utm_medium=email&amp;utm_content=20240202&amp;utm_term=9250242&amp;utm_campaign=money&amp;utm_id=8562679&amp;orgid=128&amp;utm_att1=#paid-to-use-a-dating-site-or-app">poll</a> of adults who were online dating, 35% said that they'd paid to use one. Messing recommended paying for HingeX — <a target="_blank" href="https://www.fastcompany.com/90849674/hinge-is-rolling-out-its-50-per-month-subscription-on-thursday">$50 a month</a> — and <a target="_blank" href="https://bumble.com/en-us/the-buzz/bumble-premium">Bumble Premium</a>, which runs about <a target="_blank" href="https://mashable.com/review/bumble-premium-review">$40 a month</a>. Hoffman doesn't have a uniform recommendation for dating apps but said people should pay for what's important to them. Similarly, Poyser recommended paying for Hinge preferences."The average dater that only started using dating apps in the last five or 10 years has what I feel like is an unrealistic expectation of what they should get from a free dating-app experience," Hoffman said. She added: "A lot of the apps are breaking out the different levels of service, different features that you can pay for, and it's kind of like streaming television. You just pay for the ones that you are going to use."You could also choose to employ a dating coach. Messing's services run $25,000 for a four-month program. Hoffman's costs range from $9 into the five figures; she said her most popular program was group coaching, which costs $2,500. Poyser said that she charged $200 for her initial one-hour session and then $150 for bundled sessions afterward.After adding up all the direct and implicit costs of dating, the price of finding that special someone rang in at about $1,000 for around 12 dates. Adjusting for inflation, that would've come out to about $800 in 2019 — without accounting for the loneliness and geographical shifts the pandemic caused, where people are willing to spend more to find friends. Notably, the $50 paid version of Hinge that our coaches recommended rolled <a target="_blank" href="https://www.fastcompany.com/90849674/hinge-is-rolling-out-its-50-per-month-subscription-on-thursday">out in 2023</a>, and <a target="_blank" href="https://fortune.com/2023/09/22/tinder-500-a-month-subscription/">pricier app</a> <a target="_blank" href="https://www.platformer.news/grindr-ai-boyfriend-wingman-monetization-paid-taps/">offerings</a> are a more recent invention all around.And that's just the cost to get into a relationship. Even deeper down the romantic path, couples face <a target="_blank" class="" href="https://www.businessinsider.com/average-wedding-cost-in-biggest-metro-areas-of-us-2023-2">the soaring cost of weddings</a> — not to mention the <a target="_blank" href="https://www.businessinsider.com/millennial-gen-z-parents-struggle-lonely-childcare-costs-money-friends-2023-11">rising price of being a parent</a>.<h2>What does that mean for all of us?</h2>The daters out there might not be too surprised to learn that getting into a relationship is expensive — though even I was taken aback by just how much I'd been sinking into finding a partner.But the rising costs of dating aren't just an issue for the lonely hearts of America, they also point to a growing problem for everyone in the US: The things that bring us joy, happiness, or meaning are all getting more expensive. Dinner out with friends is <a target="_blank" href="https://www.businessinsider.com/food-prices-cheapest-option-groceries-restaurants-fast-food-2023-12">more expensive</a>. Going on vacation is <a target="_blank" href="https://www.businessinsider.com/young-people-booking-vacations-despite-finances-debt-summer-economy-travel-2024-6">getting pricier</a>. Owning a pet <a target="_blank" href="https://www.businessinsider.com/protect-finances-pets-likely-recession-2022-11">will cost you more</a>.Even those who have moved beyond the cycle of dating and into building a family are facing these price pressures. <a target="_blank" href="https://www.brookings.edu/articles/middle-class-marriage-is-declining-and-likely-deepening-inequality/">Research</a> <a target="_blank" href="https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.30.2.79">has found</a> that <a target="_blank" href="https://www.businessinsider.com/american-marriage-family-structure-kids-over-2023-9">marriage is becoming increasingly reserved</a> for the wealthy and more educated. Some people are happily opting not to have children, while others are finding themselves pushed into a child-free existence because they can't afford to have kids. But even with the high up-front cost of dating, getting into a long-term relationship might pay off in the long run. Solo Americans often come up against what's known as the "singles tax": They're <a target="_blank" href="https://www.businessinsider.com/rent-higher-singles-tax-living-alone-new-york-san-francisco-2024-2">paying thousands more than couples to live alone</a> and need to make nearly (if not more than) six figures to <a target="_blank" href="https://www.businessinsider.com/single-family-city-living-costs-income-nyc-la-inflation-rates-2024-3">live comfortably</a>.Keenan, the Seattle dater still looking for love, is keenly aware of the singles tax."Bills are made for a household," he told me. "I'm paying the same amount on my sewer and my garbage and my gas as I would if I had four people living in my apartment as I do with one person living in my apartment. There's nothing that is intended to be comfortable for one person."As things get more expensive, the singles tax gets worse — creating an ever-increasing price for singledom."Just because I haven't found my person, suddenly society's expecting me to pay more because I'm living alone," Keenan said.But Keenan's still out there. For about six to eight months, he tried to just meet people in person — which, as he noted, is often cheaper. Bumping into somebody at a bar means they probably already have a drink, and it's less formal than a sit-down dinner.Keenan's status, though, might be familiar to fellow beleaguered daters out there: He's back on the apps. It's a fate we all may have to resign ourselves to in the era of modern dating. It looks like those $12 first-date cocktails aren't going anywhere anytime soon (and they soon may be $20 cocktails). The only question is what new paywall might emerge in pursuit of a partner.<a target="_blank" rel="" href="https://www.businessinsider.com/author/juliana-kaplan">Juliana Kaplan</a> is a senior labor and inequality reporter on Insider's economy team.

The heartbreaking cost of modern dating

Think Initial Public Offers (IPOs) are a sure-shot, quickfire method to make a quick buck? If so, then investing in some of India's biggest IPOs to date would have created multiple millionaires. However, if the data is to be believed, 18 out of India's top 30 IPOs by way of size have failed to deliver on the returns front. Recent data from Capitalmind PMS suggests that of all the mega IPOs India has seen in the past 2 decades, only 12 IPOs i.e. stocks of 12 companies have delivered more returns that what you would have received, had you bought and held your investments in Nifty500(which invests in biggest 500 companies by market size). Infact, Paytm (54%), <keyword id="20024191" type="General" weightage="20" keywordseo="Reliance-Power" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Power" meta.hostid="261" meta.entityid="Reliance Power">Reliance Power</keyword> (81%), General Insurance Corporation (2%) actually generated negative total returns to date. The only outliers in the list of top 10 IPOs were Zomato (listed in July 2021) and Coal India (listed in April, 2010), which managed to generate excess returns i.e. more than what was generated by Nifty500. While Zomato's total return to date, which is considered a comprehensive gauge of a stock's profitability, stands at 265%, Coal India total returns are a massive 443%. In these cases, had you simply bought and held the Nifty500 index for a similar duration, your returns would've been 73%, and 435% respectively. Also, 5 of the biggest IPOs India has ever seen (Bajaj Housing Finance, Bharti Hexacom, Brainbees, Ola Electric) have come in the last 2 years. In some cases, having stayed put in your index investments would have yielded you far better returns. Consider this, FSN E-Commerce, Nykaa's parent company, listed on the exchanges on November 2021. Its total returns till date have been 2%, while had you invested in Nifty500 index, your returns would've been 53%. Similarly, the total returns to date on Bandhan Bank's stock, which listed in March 2018, was a negative 43%. But, the index has delivered a whopping 163% returns during the same time. Hits and Misses <table class="redcator-table-advance"><tbody><tr><td>Company Name</td><td>Total Returns to Date (In %)</td><td>CNX (Nifty500) Returns (In %)</td></tr><tr><td>Reliance Power (Feb 2008)</td><td>-81</td><td>961</td></tr><tr><td>Zomato (July 2021)</td><td>265</td><td>73</td></tr><tr><td>Gland Pharma (November 2020)</td><td>14</td><td>124</td></tr><tr><td>NHPC (September 2009)</td><td class="se-table-selected-cell">389</td><td>961</td></tr><tr><td>Indian Railways Finance Corporation (January 2021)</td><td>582</td><td>109</td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: CapitalMind PMS <h2>Surge in IPOs? Not really </h2>It is impossible to overlook the sheer number of public offerings seen in the Indian markets over the past 2 years. Around 600 share sale offers have already hit the market since 2023. Out of these, 335 have come in this year, as of October 2024. While over Rs 50,000 crores have been raised by these share sales so far since 2023, only 22% of these funds raises have come from companies who are hitting the market for the first time i.e. bringing out their IPOs. The rest have come from already listed companies seeking to raise more funds. The biggest IPO that India has seen to date, that of <keyword id="19906087" type="General" weightage="20" keywordseo="Hyundai" source="keywords" meta.keywordsubtype="org" meta.entityname="Hyundai" meta.hostid="261" meta.entityid="Hyundai">Hyundai</keyword> Motor India, closes for subscription today. With an offer size of Rs 27,870.16 crore, it is 35% bigger than the previous biggest IPO in the country(LIC in May 2022). As of 12:30 pm today, Hyundai's offer had been 87% subscribed, with significant interest from QIBs and employees. At 0.43x, participation of retail investors remained largely subdued. Notably, an IPO is considered cancelled and withdrawn, if it fails to meet the 90% subscription threshold.

Do large IPOs guarantee large returns? Data suggests that 18 of India's biggest 30 IPOs did not generate solid returns

<ul><li><keyword id="802403" type="General" weightage="20" keywordseo="data-patterns" source="Orion">Data Patterns</keyword>, an electronic solutions provider for the defence and aerospace segment, is planning to raise ₹588 crore through the IPO.</li><li>The IPO is open for subscription from today and will conclude on December 16.</li><li>Shares of the company are commanding a premium of ₹550 in the grey market.</li></ul>Chennai-based Data Patterns, an electronic solutions provider for the defence and aerospace segment, will open its initial public offering (IPO) today, December 14. The company is looking to raise ₹588 crore through the IPO with a price band of ₹555 to ₹585 per share. The issue comprises a fresh issue of ₹240 crore and an offer for sale of 59.52 lakh equity shares by selling shareholders. The company will use the proceeds from the fresh issue towards repayment of debt, funding its working capital and upgradation and expansion of its existing facilities besides general corporate purposes The IPO might gain good traction given the shares of Data Patterns are commanding a premium of ₹550 per share in the grey market. Incorporated in 1985, Data Patterns is an integrated defence and aerospace electronics solutions provider that caters to requirements across space, air, land and the sea. Here are some of the important dates related to the IPO: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹265 to ₹274 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 16 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 20 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 23 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 24 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 27 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 28 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">54 </td></tr></tbody></table> The company has worked with several marquee customers in the Indian defence ecosystem, including the Indian government defence ministry, BrahMos, Defence Research and Development Organisation, the Indian government space organisation, Hindustan Aeronautics, Bharat Electronics and other public sector undertakings involved in the missile space. Adding to it, the company believes that it is well positioned to benefit from the ‘Make in India’ opportunity. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/checkout-important-details-and-dates-related-to-supriya-lifescience-ipo/articleshow/88257604.cms">Supriya Lifescience IPO to open on December 16: Check out important details related to the IPO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/metro-brands-ipo-gmp-and-why-analysts-say-subscribe-for-long-term/articleshow/88252982.cms">The grey market is losing interest in Metro Brands’ IPO, but the analysts are still gung ho ⁠— here’s what the data have to say</a>

Data Patterns’ IPO opens today; GMP at ₹550 — Check out other important details

Dating apps helped me find love. Now they've turned into a total scam.

<ul class="summary-list"><li>Stock exchanges in China stopped reporting daily data on foreign fund flows.</li><li>Year-to-date flows entered the negative territory on Friday as foreign investors continue to pull back. </li></ul>Exchanges in China stopped reporting a key indicator investors use to gauge sentiment in the stock market of the world's second-largest economy. On Monday, exchanges halted the release of daily data on flows from foreign investors. Foreign fund flows are often used as a key sentiment indicator, showing daily inflows to stocks in mainland China. As of last week, the data was turning increasingly sour, with the year-to-date net flows entering negative territory on Friday as investors continued to pull back from China stocks. If the trend continues, it will be the first year of net outflows since 2016. China's CSI 300 index is down almost 2.5% year-to-date, and has plummeted over 9% since May.Officials first hinted at cutting real-time data on foreign flows back in April and made the decision official at the end of July. Now, the metric will only be published quarterly.The move is part of a large pivot away from real-time data as China's economy remains stuck in a rut. In May, China stopped reporting intraday foreign flows data. Officials said the move more closely aligned Chinese stock exchanges with those in the US and Europe, where markets don't release intraday data on certain investors or differentiate between domestic and international investors.Now, China's Shenzhen and Shanghai stock exchanges only publish two daily data metrics — trades of its 10 most active stocks and the total turnover and trade volume of stocks traded through Hong Kong.China's economy is facing headwinds from several directions, including its <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-housing-market-real-estate-crash-investors-outlook-construction-2024-3">struggling property sector</a> and <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-weak-domestic-demand-factory-activity-amid-strong-export-2024-7">weak consumer sentiment</a>. Its latest bout of tough economic data showed fixed-asset investment saw an unexpected decline in the first half of the year.

Stock investors in China lose access to key data as exchanges stop reporting sentiment indicator

<ul class="summary-list"><li>US stocks closed mixed as investors awaited a wave of data this week, from earnings to the July jobs report.</li><li>171 S&amp;P 500 companies, including Apple, Microsoft, and Amazon, will report Q2 earnings this week.</li></ul>US stock indexes closed mixed on Monday as investors awaited a massive wave of data this week.171 companies within the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> are set to report their second-quarter earnings results this week, and expectations are high given the 15% year-to-date rally.Some of the biggest companies including <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/aapl-stock?miRedirects=1">Apple</a>, <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/msft-stock?miRedirects=1">Microsoft</a>, and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/amzn-stock?miRedirects=1">Amazon</a> will report results this week.Of the 41% of <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> companies that have already reported second-quarter earnings, 81% beat profit estimates by a median of 5%, while 59% beat revenue estimates by a median of 3%, according to data from Fundstrat.Amid the steady stream of earnings data, investors will also turn their attention to the Federal Reserve's FOMC meeting on Wednesday.The Fed is expected to keep interest rates unchanged, but Fed Chairman Jerome Powell will likely strike a dovish tone and set the market up for an interest rate cut in September."The Fed might adopt a more dovish tone at this week's meeting, reflecting recent comments and weakness in US data. While the disinflation process has been painfully slow, the fact that the unemployment rate has been climbing should start to worry some Fed officials that the current policy is far too restrictive than needed," market analyst Fawad Razaqzada at Forex.com said in an e-mail to Business Insider.Finally, the July jobs report is set to be released on Friday, with economists expecting 190,000 jobs being added to the economy and the unemployment rate remaining unchanged at 4.1%.The jobs report will help inform the Federal Reserve's interest rate policy going forward, as the Fed balances a steady economy with a falling inflation rate.Here's where US indexes stood at the 4:00 p.m. closing bell on Monday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,463.54, up 0.1%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,539.93, down 0.1% (49 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,370.20, up 0.1%</li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-prediction-top-pick-zev-credit-market-tsla-2024-7">Morgan Stanley called Tesla a "top pick" in the US auto sector and said it could rise 40% to $310 per share.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/bitcoin-price-reaction-trump-us-crypto-capital-planet-comments-impact-2024-7">Bitcoin tested the $70,000 level after former President Donald Trump said if re-elected in November, he would turn the US into the "crypto capital of the planet."</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/the-10-best-performing-stocks-of-all-time-hendrik-bessembinder-2024-7">These are the 10 best performing stocks of all time, according to a recent research paper.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/big-short-gold-price-outlook-investment-us-dollar-debt-levels-2024-7">The famed 'Big Short' investors said they were bullish on gold because of the steady devaluation of the US dollar.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/ai-job-market-replacing-workers-competition-job-losses-artificial-intelligence-2024-7">The rise of AI could force 12 million people to change their jobs in the coming years.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/de-dollarization-dollar-war-usd-yuan-china-russia-brics-currency-2024-7">The recent rise of de-dollarization is a fad that will backfire on countries, according to currency experts.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil was down 1.65% to $75.89 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, declined 1.65% to $79.79 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was about flat at $2,381.80 per ounce.</li><li>The 10-year Treasury yield dropped two basis points to 4.17%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> fell 1.27% to $67,382.</li></ul>

Stock market today: Indexes struggle for direction as investors await wave of data

<ul><li><keyword id="802403" type="General" weightage="20" keywordseo="data-patterns" source="Orion">Data Patterns</keyword>, an electronic solutions provider for the defence and aerospace segment, is set to list its IPO on exchanges tomorrow, December 24 .</li><li>The IPO was open for subscription between December 14 and December 16.</li><li>Shares of the company are commanding a strong premium of ₹230 in the grey market.</li></ul>Chennai-based Data Patterns, an electronic solutions provider for the defence and aerospace segment, which has received great response from investors is all set to list its IPO on exchanges tomorrow, December 24. In the three days of the IPO bidding process, the company received an amazing response from investors as it has been subscribed 119.62 times. The grey market premium of the company at ₹230 indicates a strong listing for Data Patterns shares along with bullish views by <a href="https://www.businessinsider.in/stock-market/news/data-patterns-ipo-subscribed-4-times/articleshow/88292399.cms">analysts</a>. Also, analysts are very bullish on the service provider to defence sector, which is reflected in the grey market premium which stands at ₹280 per share as of December 20. The company intended to raise ₹588 crore and got an offer for ₹49,665 crore through the IPO with a price band of ₹555 to ₹585 per share. Incorporated in 1985, Data Patterns is an integrated defence and aerospace electronics solutions provider that caters to requirements across space, air, land and the sea. Data Patterns is among the top two players — in terms of profitability — providing solutions to the defence sector, first being Bharat Electronics. As on September 30, 2021, Data Patterns had an order book of 581.30 crore, with orders from several marquee customers including the Indian government defence ministry, BrahMos, Defence Research and Development Organisation, the Indian government space organisation, Hindustan Aeronautics, Bharat Electronics etc. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/not-received-data-patterns-ipo-refund-here-are-the-things-you-should-know-about/articleshow/88431930.cms">Not received Data Patterns’ IPO refund? Here are the things you should know about</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/the-zee-plus-sony-company-is-valued-at-300-a-share-but-thats-just-the-starting-point/articleshow/88432204.cms">The Zee plus Sony company is valued at ₹300 a share, but that’s just the starting point</a>

Data Patterns’ IPO will list on exchanges tomorrow; GMP indicates strong listing at ₹230

<ul class="summary-list"><li>Stocks rose on Wednesday as investors took in weaker jobs data.</li><li>The private payrolls rose by 152,000 last month, below expectations.</li></ul>US stocks ticked higher on Wednesday as traders took in soft jobs data and revved up their hopes for Fed rate cuts later this year. All three benchmark indexes ticked higher, while long-dated bond yields slumped.The 10-year Treasury continued its slide Wednesday, declining by two basis points to 4.308%. The private sector added fewer jobs than anticipated last month. ADP reported that payrolls rose 152,000 in May versus 1750,000 expected by economists. Meanwhile, annual wage growth remained level at 5% — both promising signs that the job market is coolingWeaker hiring trends are good news for the outlook for rate cuts. Central bankers have said they're <a target="_blank" href="https://www.businessinsider.com/fed-powell-pump-money-us-economy-delayed-cut-interest-rate-2024-4">looking for more signs</a> that economic activity is slowing before easing up on monetary policy.Investors will turn to the more closely watched nonfarm payroll report on Friday. Expectations are for employers to have added about 175,000 jobs last month, though Bank of America notes that it's looking for a reading of 200,000 and for the unemployment rate to fall to 3.8%. "Whether the Fed can ease policy this year will depend on its confidence on inflation. We continue to expect the first rate cut in December, followed by four 25bp cuts in 2025," BofA analysts wrote in a note on Wednesday. Investors are largely expecting the Fed to hold interest rates steady at its next policy meeting, but are still feeling bullish on rate cuts by the end of the year. Markets see a 60% chance the Fed could cut rates by 50 basis points or more by year-end, according to the <a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch tool.</a>Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Wednesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,310.17, up 0.37%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 38,758.72, up 0.12% (+31.25 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 16,965.94, up 0.65%</li></ul>Here's what else is going on today:<ul><li><a target="_blank" href="https://www.businessinsider.com/texas-stock-exchange-nyse-nasdaq-elon-musk-tesla-exxon-mobil-2024-6">Texas is poised to get its own stock exchange</a> with less red tape than the NYSE or the Nasdaq.</li><li>JPMorgan's bearish quant guru says the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-meme-stocks-bad-sign-valuations-peak-gamestop-2024-6">meme stock resurgence is a bad sign for markets</a>.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil rose 0.82% to $73.85 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, was higher by 0.77% to $78.12 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> edged higher 0.51% to $2,339.99 per ounce.</li><li>The 10-year Treasury yield fell one basis point to 4.32%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> climbed 2.89% to $71,012.</li></ul>

Stock market today: Indexes rise as weak private payroll data boosts optimism for rate cuts 

<ul><li> The IPO was open for subscription from December 14 to December 16.</li><li>The company announced the allotment of IPOs yesterday, December 21.</li><li>Initiation of refund procedure or unblock of amount in a bank account will begin from today, December 22.</li></ul>If you had applied for Chennai-based <keyword id="802403" type="General" weightage="20" keywordseo="data-patterns" source="Orion">Data Patterns</keyword>’ public issue, an electronic solutions provider for the defence and aerospace segment, the share allotment has already been done. The company announced the allotment of the initial public offering (IPO) yesterday, December 21. The company received huge demand from investors, who had oversubscribed the IPO by 119.62 times. If you have not checked whether you received the IPO allotment or not, click <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>. For those who checked and have not been allotted the shares of Data Patterns — the initiation of refund procedure will begin from today, December 22. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 22 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 23 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 24 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Once the IPO result is released, all the applicants who got allotment will receive the share in their demat account on the date of listing. And the rest, who unfortunately didn’t get the allotment will receive their IPO refund on/before the end date of mandate. Usually, with the registered phone number on the investment platform, every applicant gets a message when shares are blocked and unblocked in their bank account. This indicates if one has received the IPO allotment or not. Most of you would have received a request for UPI ID while completing IPO transaction. After the submission, investors will receive a validity period. The IPO amount which is blocked in an investor account usually gets unblocked one day later the IPO allotment or before the end of the validity period. Here is the screenshot of an IPO mandate after the transaction is made through the UPI ID that has the validity period of the IPO. <div type="image" title="zerodha refund" height="900" width="1200" msid="88431992" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/check-out-snapdeal-top-executives-like-kunal-bahl-rohit-bansal-salary-for-year-2021/slidelist/88426612.cms">Snapdeal cofounders Kunal Bahl and Rohit Bansal will take home up to ₹5 crore in salaries from this year</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/shares-of-metro-brands-disappoints-ipo-investors/articleshow/88424674.cms">Metro Brands debuts on a negative note with a 12.8% discount</a>

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