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MetaMask officially integrates crypto prediction platform Polymarket into its mobile app.
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๐จ 10% of properties to be sold in China received no bids because there were no buyers, according to Zhongtai International Securities.
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๐บ๐ธ US Senators are proposing a bill that will block NVIDIA chip sales to China for 30 months, according to Financial Times report.
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"Trump Accounts" will feature TAX-FREE contributions with "hundreds of major companies" set to contribute.
25+ million US kids will now receive $1,000 from the Trump Administration, $250 from Michael Dell, and all tax-free contributions made to these accounts.
This will provide TRILLIONS of dollars to kids if invested until age 20+.
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๐ฏ๐ต Big Japanese news organisation Jiji Press says the Bank of Japan is currently assessing the level of the neutral interest rate.
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๐ฎ๐ณ Karnataka state signs MoU with Coinbase to supercharge on-chain innovation, support new startups and boost cybersecurity.
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๐จBREAKING: Japan's 2-Year Yield jumps above 1.032% for the first time since 2008.
Things are not looking good in Japan.
๐ฅซ t.me/FinancialWorldUpdates
Things are not looking good in Japan.
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BNY Mellon and Nasdaq have invested $50 million in Digital Asset Holdings to enhance blockchain infrastructure.
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Over the last 72 hours:
โข Apple's AI Chief steps down
โข Apple's Head of UI Design leaves to Meta
โข Apple's Policy Chief steps down
โข Apple's Head of General Counsel steps down
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๐ช๐บ 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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๐ท๐บ๐ฎ๐ณ President Putin says Russia is ready to supply "uninterrupted" amounts of fuel to India.
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French economic commentator Nicolas Doze argues that โeverything that made the German machine run has jammed,โ concluding that โGermany is paying the price of an obsolete model.โ
According to LCI and Germanyโs industry federation (BDI):
Industrial production has fallen for 4 straight years, worse than the 2008 crash or the 2020 Covid shock.๏ปฟ
Auto sector meltdown: 49,000 jobs lost in one year, a โsocial 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 โeconomy in free fall.โ
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 Germanyโs export-driven boom (40% of GDP).
Consequences
Rising unemployment (projected 6% in 2026).
Political pressure on the Scholz coalition to launch an โindustrial 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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๐บ๐ธ White House Advisor Hassett says it's time for the Federal Reserve to cautiously start cutting rates.
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๐จ 2025 layoff announcements surpass 1.1 million, most since the 2020 pandemic - CNBC
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๐บ๐ธ 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 โcolossalโ 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:
๐ Waiting patiently for your setup.
๐ Calmly entering your trade set up.
๐ Exiting with discipline at your stop loss, trailing stop, or profit target.
๐ Repeat the process.
๐ฅซ t.me/FinancialWorldUpdates
Stages of profitable trading:
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Recent Layoff Announcements:
๏ปฟ
๐ฅซ t.me/FinancialWorldUpdates
โข US Government:
307,000 employees
โข UPS:
48,000 employees
โข Amazon:
Up to 30,000 employees
โข Intel:
24,000 employees
โข Nestle:
16,000 employees
โข Verizon:
15,000 employees
โข Accenture:
11,000 employees
โข Ford:
11,000 employees
โข Novo Nordisk:
9,000 employees
โข Microsoft:
7,000 employees
โข PwC:
5,600 employees
โข Salesforce:
4,000 employees
โข IBM:
2,700 employees
โข American Airlines:
2,700 employees
โข Paramount:
2,000 employees
โข Target:
1,800 employees
โข General Motors:
1,500 employees
โข Applied Materials:
1,444 employees
โข Kroger:
1,000 employees
โข Meta:
600 employees
๏ปฟ
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๐จ 40% of $300K earners are living paycheck to paycheck โ Goldman Sachs.
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