5 things to know before the stock market opens Wednesday, Nov. 10

Here are the most important news, trends and analysis that investors need to start their trading day:

One day after the October producer price index showed a surge at a record clip year over year, the government releases at 8:30 a.m. ET its look at the consumer price index for last month. Economists expect the CPI to rise 5.9% from last year, which would be the most in three decades. Due the Veterans Day holiday Thursday, the government issues its weekly look at initial jobless claims one day early. A new Covid-era low of 265,000 first-time filings for unemployment benefits is expected.

Rivian Automotive, the electric vehicle company backed by Amazon and Ford, is set to begin trading Wednesday on the Nasdaq, under the ticker symbol RIVN. The EV maker Tuesday evening priced its initial public offering at $78 per share, above the increased expected range, for a value $66.5 billion. Rivian is worth almost as much as Ford’s market value of $79 billion and General Motors’ $85 billion. That’s before the EV company has even started generating real revenue.

Coinbase shares dropped roughly 10% in Wednesday’s premarket, the morning after the nation’s largest crypto exchange reported lower-than-expected revenue of $1.31 billion in the third quarter. Coinbase earned $1.62 per share. Coinbase said monthly transacting users and trading volume fell from the prior period. Much of the company’s success hinges on the performance of digital assets like bitcoin, which had a rough summer. On Monday, it reached a new all-time high above $68,000.

The EU’s second-highest court ruled Wednesday that the European Commission was right to fine Google $2.8 billion for an antirust breach — in what represents a landmark moment for European Union policy that could impact the business models of major tech players. The European Commission, the executive arm of the European Union, said in…