Dogecoin pullback, Trump crypto windfall allegations, Tether CEO criticizes S&P, Bitcoin scarcity defended by Willy Woo, and Peter Schiff warns against Bitcoin/Ethereum treasury strategies. Key developments in crypto.
Elon Musk granted $1 trillion pay package by Tesla shareholders, incentivizing performance with ambitious targets. Critics cite potential loopholes, while optimists highlight Musk's track record. Market cap boosts to $8.5T.
Opendoor undergoes a major reset led by CEO Kaz Nejatian, aiming for AI-driven efficiency and workforce reduction. JPMorgan projects $8B revenue by 2027. Analyst Dae K Lee gives an 'Overweight' rating.
Despite rivals, Nvidia's AI lead is secure until 2026. Analyst predicts continued growth for Nvidia and potential for Palantir to reach $1T market cap. Big Tech's spending is building a new industrial revolution.
Gerber analyzes Tesla's FSD progress (level 2) & Waymo's level 4 Robotaxi lead. Tesla's self-certification is a step forward, but liability remains key in the self-driving race.
Thanksgiving 2024 crypto investments in Dogecoin, Bitcoin, and Ethereum compared. Performance analysis and family discussion dynamics amid market volatility. Investment down 63.7% for Dogecoin.
Li Auto's quarterly earnings fell 36.2% to $3.80B, missing expectations. Lorry sales declined 37.4%. The company reported a net operating cash outflow of $1.0B. Adjusted bottom line also decreased.
Carville advises Democrats to embrace economic rage with policies like raising minimum wage and offering free tuition to win back voters amid economic concerns and Trump's declining approval.
The Department of Federal government Performance (DOGE), an Elon Musk-backed cost-cutting initiative, has disbanded. Despite exceeding departure goals, its duties shift to OPM. Impacting various agencies.
Warren Buffett's final letter emphasizes humility, stewardship, and compassion. Transitioning leadership to Greg Abel, he focuses on values and philanthropy, highlighting luck, ethics and the importance of helping others.
Charlie Munger emphasized initiative, discipline, and continuous learning for success, acknowledging the role of luck. His principles focus on outspending income and investing wisely.
Survey reveals holiday spending stress: social media influence, debt accumulation, and gift-giving pressure, particularly among Gen Z and millennials. Many feel obliged to overspend, leading to financial strain and hidden expenses.
Mixed labor market data complicates the Fed's rate decision. Hawks see strong payrolls, while doves point to rising unemployment. Powell may adopt a dovish tone despite inflation concerns.
Attention Assets, as proposed by Multicoin Resources, are new investable instruments tied to the intensity of public focus. NFTs & memecoins offer related exposure, highlighting challenges and opportunities in this emerging market.
Alzamend's AL001 aims for better lithium delivery to the brain, potentially revolutionizing Alzheimer's, bipolar disorder, MDD, and PTSD treatment with fewer side effects. Phase 1/2A trials are underway.
Paris Jackson contests the management of Michael Jackson's estate, alleging lavish spending on attorneys. The estate, managed by McClain and Branca, refutes the claims, citing financial success since Jackson's 2009 death.
Nancy Pelosi's investment in Databricks, made through Forge Investments, sees significant gains as Databricks' valuation jumps to $130B. Nvidia and Ark Invest also benefit from early investments.
Texas court rejects AG Paxton's demand to halt Kenvue's dividend payment amid Tylenol safety lawsuits. The court cited lack of jurisdiction over the matter, allowing Kenvue to proceed with the payment. Kenvue Tylenol pregnant women
US government shutdown delayed key economic data releases (CPI, jobs). Early data showed weak job growth and falling consumer confidence, raising concerns about the labor market. BLS report is awaited.
Clearwater Analytics (CWAN) shares jumped after hours amid reports that Warburg Pincus and Permira are in talks to acquire the software company. Strong growth contrasts with valuation concerns.
Michael Burry shorts tech giants like Meta & Nvidia, alleging depreciation underestimation. Experts question his tech analysis depth, citing GameStop experience. $1B bet faces scrutiny as stocks rally.
Trump proposes $2000 dividend from tariff income, but Treasury Secretary suggests other methods. Critics warn of inflation. High court doubts Trump's tariff authority. Tariffs & toll rates reached 18% rate.
Partisanship strongly influences opinions on Trump's plan. Supporters will pay more taxes, while opponents will forgo savings, highlighting the power of political allegiance over self-interest.
Lucid faces earnings miss, executive shakeup with Emad Diala & Erwin Raphael joining. Eric Bach departs. New Nvidia partnership announced. LCID shares decline despite $5.5B liquidity.
Sen. Rand Paul warns tariffs harm US farmers & violate the Constitution's separation of powers. He urges Supreme Court intervention, highlighting the 'Farmageddon' facing soybean farmers due to trade war with China.
US & Japan collaborate to mine rare earth minerals near Minamitori Island, aiming to reduce reliance on China. This follows easing of Chinese export restrictions and US tariff suspensions.
SPY and QQQ ETFs decline premarket. Qualcomm earnings anticipated. AMD falls despite results. BlackRock forecasts slowing activity & Fed rate cuts. Pinterest tumbles on earnings. Market awaits Supreme Court decision.
Buy Now, Pay Later (BNPL) plans are affecting mortgage approvals and credit scores. Lenders scrutinize BNPL debts, potentially impacting debt-to-income ratio (DTI). FICO updates incorporate BNPL data.
Hims expands globally, aiming for personalized healthcare in Canada, Brazil, Japan, UK. Focus shifts to full-spectrum health, from nutrition to longevity, transforming from niche telehealth to lifestyle brand.
Musk and Altman clash over Tesla Roadster cancellation and OpenAI's direction. Musk accuses Altman of creating divisions within OpenAI, reigniting tensions between the Silicon Valley leaders.
A mailman confessed to taking $10,000 from his child's account for vacations, sparking outrage. He also borrowed from retirement and incurred high-interest debt, highlighting financial irresponsibility and family strain.
Study: Americans seek tax professionals due to investments, complexity, and law changes. Many consider professional help within 2 years for complex situations or law changes to avoid errors.
Historically, November shows strong gains for stocks like Royal Caribbean, AMD, BlackRock, Boeing, and Home Depot. November shows as consistently positive month for US stocks.
