Financial World Updates
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Over the last 72 hours:

โ€ข Apple's AI Chief steps down
โ€ข Apple's Head of UI Design leaves to Meta
โ€ข Apple's Policy Chief steps down
โ€ข Apple's Head of General Counsel steps down


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๐Ÿ‡ช๐Ÿ‡บ EU fines Elon Musk's X $140,000,000 for allegedly misleading users with verified badges and not giving them access to its data.


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๐Ÿ‡ท๐Ÿ‡บ๐Ÿ‡ฎ๐Ÿ‡ณ President Putin says Russia is ready to supply "uninterrupted" amounts of fuel to India.


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๐Ÿˆ Germany is experiencing its worst industrial crisis since 1945, marking the collapse of its long-standing export-driven model โ€” the so-called โ€œmiracle mercantile.โ€

French economic commentator Nicolas Doze argues that โ€œeverything that made the German machine run has jammed,โ€ concluding that โ€œGermany is paying the price of an obsolete model.โ€

According to LCI and Germanyโ€™s industry federation (BDI):

Industrial production has fallen for 4 straight years, worse than the 2008 crash or the 2020 Covid shock.

Auto sector meltdown: 49,000 jobs lost in one year, a โ€œsocial bloodlettingโ€ for a sector employing over a million people.

Growth is stuck at 0%, below the EU average.

Public debt rising (65% of GDP).

The BDI describes an โ€œeconomy in free fall.โ€
๏ปฟ
Why the crisis?

Doze highlights deep structural problems:

Energy shock after losing Russian gas, with soaring industrial power costs.

Green transition pressure: Germany lags China in EVs and batteries as the 2035 ban on combustion engines approaches.

Global competition: China in exports, the U.S. with IRA subsidies.

Demographics & bureaucracy: aging workers, higher wages, slow administrative processes.

This marks the end of Germanyโ€™s export-driven boom (40% of GDP).


Consequences

Rising unemployment (projected 6% in 2026).

Political pressure on the Scholz coalition to launch an โ€œindustrial Marshall Plan.โ€

EU impact: Germany drags down European growth while France gains ground in aerospace and services.



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Netflix (NFLX) has announced an agreement to acquire Warner Bros.
Discovery for $72 billion, in what is described as one of the largest media acquisitions in history.


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๐Ÿ‡บ๐Ÿ‡ธ White House Advisor Hassett says it's time for the Federal Reserve to cautiously start cutting rates.


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๐Ÿšจ 2025 layoff announcements surpass 1.1 million, most since the 2020 pandemic - CNBC


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๐Ÿ‡บ๐Ÿ‡ธ President Trump to unveil new AI platform "Truth AI."


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US prosecutors say Terraform Labs co-founder Do Kwon should receive 12 years in prison for the โ€œcolossalโ€ fraud behind the $40 billion TerraUSD collapse.

His sentencing is scheduled for December 11 in New York.


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Good Morning!

Stages of profitable trading:

๐Ÿˆ Waiting patiently for your setup.

๐Ÿˆ Calmly entering your trade set up.

๐Ÿˆ Exiting with discipline at your stop loss, trailing stop, or profit target.

๐Ÿˆ Repeat the process.



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