Coming up on the markets
Australia’s employment data, RBA meeting minutes, Chinese and US retail sales, UK CPI, Nvidia earnings in focus.
Investing
Tesla stock ‘tarnished’ by Musk’s Twitter antics, analyst warns
The Musk-Twitter saga started when the billionaire acquired a 9% stake in the firm back in April and within weeks announced a bid to acquire it at a massive premium.
‘Beware’ of Crypto investing or risk bankruptcy court, SEC Chair warns
The head of the Securities and Exchange Commission cautioned Americans about the risks of investing in the lightly regulated cryptocurrency industry
US inflation in October climbed at slowest pace since January
The Fed has just one more policy meeting this year, concluding on December 5.
Banks bask in the fading light of economic sunlight
The sector has emerged from the pandemic with its best result since 2018.
Crypto stocks trade down but avoid major collapses on volatile day
Bitcoin proxies weathered downward pressure from the FTX collapse.
Binance bails on FTX acquisition — Here’s what led to the FTX crypto crash
The crypto industry shed US$176 billion in market capitalization since Sunday, a 19.5% decline.
Elon Musk has sold US$3.9 billion of Tesla stock since Friday
The world’s richest person has now sold US$19.3 billion of Tesla stock since announcing his Twitter takeover.
Space innovation is helping industries on Earth to decarbonise
How do companies effectively and efficiently ramp up decarbonisation efforts?
Binance walks away from offer, but is this the end for Sam Bankman-Fried?
The CEO of FTX famously got into crypto without knowing, or necessarily caring, what it was.