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📈 All the latest updates on the Stock Market: signals, news, and everything that might move the narrative — all in one place. 😉 We keep an eye on the price; you can just watch us do it. Buy Ads: @JamesCookTg
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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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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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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JUST IN: $870 billion asset manager Macquarie says Bitcoin mining supports local grids.
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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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JUST IN: 🇯🇵 Publicly traded Metaplanet to raise up to $62 million to purchase more Bitcoin.
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📱 Publicly traded Chinese company SOS plans to purchase up to $50 million worth of Bitcoin.
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📱 Bitcoin is down 8.2% from it's all-time high since Jim Cramer said "all I can tell you is, own Bitcoin. That's a winner."
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🇬🇧 UK to officially regulate cryptocurrency by 2026.
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📈JUST IN: Tron founder Justin Sun invests $30 million in President-elect Donald Trump's crypto project, making him the largest investor.
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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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📈 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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"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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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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📈 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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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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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: $SOS stock rises 100% after announcing plans to purchase up to $50 million worth of Bitcoin.
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JUST IN: Jim Cramer says "I think Bitcoin, Ethereum and maybe even some other cryptocurrencies deserve a spot in your portfolio."
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US Stocks Rise Despite Trump's Tariff Threats
US stocks opened higher on Tuesday as investors considered President-elect Donald Trump's threats to impose new tariffs on China, Canada, and Mexico, aimed at addressing illegal immigration and drug issues.
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The Dow surged to a record high after President-elect Trump announced Michael Bessent as his pick for Treasury Secretary.
Bessent, known for his market expertise, has reassured Wall Street about his focus on fostering a pro-business environment
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Tesla’s stock experienced a significant decline following California’s proposal to exclude Tesla models from its EV rebate program.
This decision, announced on November 25, 2024, is part of an effort to encourage market competition among electric vehicle makers.
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