Stocks may be entering an optimal period in the Thanksgiving holiday week
If history is a guide, the market should do well in the upcoming Thanksgiving holiday week.
Financial News
India’s fastest start-up to hit billion-dollar status is already profitable, says founder
Indian start-up Mensa Brands, which has catapulted to billion-dollar unicorn status in just six months, is already profitable and on course for further growth, founder Anath Narayanan has told CNBC.
Chinese Tesla rival Xpeng unveils new electric SUV aimed at international markets
The company also said the car is designed for international markets. Xpeng began shipping its flagship P7 sedan to Norway this year, its first overseas market.
Evergrande shares slip after deal to raise $273 million in a business sale
China Evergrande is set to raise about $273 million by selling its remaining shares in film production and streaming company HengTen Networks, a filing said.
U.S. sanctions will still have an impact despite the rise of crypto, Treasury’s Adeyemo says
Deputy Treasury Secretary Wally Adeyemo said on Tuesday the U.S. dollar will continue to be the world’s dominant currency despite interest in cryptocurrencies.
Bitcoin drops nearly 7% toward $60,000 as major cryptocurrencies plunge
Bitcoin and other cryptocurrencies including ethereum fell sharply on Tuesday retreating from near-record highs.
Oil and gas will be in the global energy system ‘for decades,’ BP chief says
“It may not be popular … but that is the reality,” Bernard Looney told CNBC on Monday.
Countries strike deal at COP26 climate summit after last-minute compromise on coal
The U.N. meeting in Glasgow, Scotland, was seen as humanity’s last and best chance to keep the all-important goal of 1.5 degrees Celsius alive.
Tesla just had its worst week in 20 months after Elon Musk sold $5.7 billion worth of shares
This marked Tesla’s worst one-week performance in 20 months, and the stock’s worst week ever excluding declines that occurred in February and March 2020.
UK Covid rates are now falling rapidly despite dire warnings for the winter
The U.K. has had the unenviable title of having one of the worst Covid rates in the world and cases have soared in recent months.