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JUST IN: $SOS stock rises 100% after announcing plans to purchase up to $50 million worth of Bitcoin.

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JUST IN: Bitwise's 10-crypto index ETF filed with the SEC:

• XRP
• Bitcoin
• Solana
• Cardano
• Uniswap
• Polkadot
• Chainlink
• Ethereum
• Avalanche
• Bitcoin Cash

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JUST IN: 🇯🇵 Publicly traded Metaplanet to raise up to $62 million to purchase more Bitcoin.

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Disney is all in on cruise ships

Disney is growing its cruise business with the new Disney Treasure ship launching on December 21 and seven more ships by 2031.

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📈 Chip Stocks Surge as US Plans Targeted Tech Restrictions on China 

🎤Global chip stocks soared, with ASML rising 5.5% and Japan’s Tokyo Electron jumping 7%, after news that the US will impose less severe semiconductor restrictions on China than initially feared.

🎤The Biden administration’s plan includes targeting specific Chinese firms, like some Huawei suppliers, while sparing others, such as ChangXin Memory Technologies.

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Happy Thanksgiving from the @trade team! We're grateful for each of you. Thank you for being with us! 🎉

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In 2021, Nancy Pelosi was asked if Congress should be banned from trading stocks.

Her Response: "No… This is a free market."

While serving 37 years in Congress with an annual salary of $223,500, she increased her net worth to an estimated $263,000,000.

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JUST IN: $870 billion asset manager Macquarie says Bitcoin mining supports local grids.

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"I'm the largest individual taxpayer in history, so I paid $10 billion in tax. I sort of thought maybe the IRS would send me a little trophy or something but I didn't get anything. Not even a cookie." - Elon musk

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Copyright Clash: Canadian Publishers vs. AI Giant OpenAI

Top Canadian media outlets, including Torstar and Postmedia, have sued OpenAI for allegedly scraping their copyrighted content to train ChatGPT, claiming it profits off their journalism without consent. With damages to be decided at trial, this case echoes similar legal battles, like the New York Times’ lawsuit against OpenAI and Microsoft.

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📈 Stocks Up as Black Friday Shopping Heats Up

U.S. stocks rose on Friday, with the Dow, S&P 500, and Nasdaq all seeing gains.

Investors are focused on Black Friday sales and the impact of President Trump’s tariff plans, while optimism grows over softer restrictions on China.

Major retailers like Walmart and Target are in the spotlight as holiday shopping kicks off, though consumer caution may limit growth. Microsoft lagged due to FTC scrutiny, but overall, the market remains on track for a strong monthly finish .

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JPMorgan Drops $162M Lawsuit Against Tesla

JPMorgan Chase has dropped its $162.2 million lawsuit against Tesla over a 2014 stock warrants contract. The lawsuit, sparked by a 2018 tweet from Elon Musk, alleged breach of contract due to stock price volatility. Both companies settled without disclosing terms.

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Bullish Frenzy: Is a Bubble Brewing?

Markets are soaring despite risks like trade wars and inflation under Trump’s administration. The S&P 500 and Russell 2000 are hitting record highs, but some experts warn this optimism may be setting the stage for a bubble.

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JUST IN: $3,700 $ETH

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Trump threatens 100% tariffs on BRICS

US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff.

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2024/12/05 02:38:33
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