This week in business: Netflix shakes up Wall Street, Amazon trims down, and shoppers gear up

This week saw significant shifts in multiple sectors, from tech to retail. A record number of American homes are mortgage-free, concentrated among older homeowners. Palantir stock split rumors circulated amidst investor enthusiasm, despite no confirmation from the company. Amazon plans to cut 14,000 corporate jobs to focus on AI, signaling an operational reset. Walmart and Best Buy launched early Black Friday deals, prompting competitors to follow suit. Netflix announced a 10-for-1 stock split to improve accessibility for employees and investors. Chipotle's stock slumped after cutting its full-year outlook due to decreased visits from lower-income households. A penny shortage has led some retailers to ask for exact change or round transactions. Starbucks confirmed over 500 U.S. store closures as part of a turnaround strategy. Hurricane Melissa highlighted the increasing impact of climate change on insurers and economies. Meta reported record revenue but increased spending on AI, hoping for long-term benefits.