Michael Nagle | Bloomberg | Bloomberg | Getty Images
Here are the most important news items investors need to start their trading day:
Have a great Thanksgiving. If you have work scheduled today, don’t try too hard. In any case, the US stock market fell early at 1pm ET. (Bond markets close at 2pm) After a short week with slightly lower trading volumes, equities are on pace to close the frame in positive territory. Fed minutes released on Wednesday gave traders a little extra impetus in their footsteps. Central bank policymakers have signaled they are ready to slow down the pace of rate hikes as some progress has been made in fighting inflation.Read live market updates here.
Retailers are under pressure to make sure the holiday season kicks off in earnest with Black Friday sales. But with a steady stream of promotions and clearance sales dating back months now, retailers are also looking to clear excess inventory that has accumulated due to supply chain issues or simply shifting customer desires. According to the National Retail Federation, 166.3 million people are expected to shop over the weekend. It would be a record. But will it cost you enough to have stores where you need them? explains CNBC’s Melissa Repko. What’s at stake for the retail industry at the most important time of the year.
Ukrainian President Volodymyr Zelensky sings the national anthem during his visit to Kherson, Ukraine, November 14, 2022.
Press Office of the President of Ukraine | Reuters
Ukrainian President Volodymyr Zelensky held a pep talk with European governments on Friday, urging them to come together as Russia’s war drags on in the country. “There are no divisions and divisions among Europeans and this must be preserved. This is the first part of our mission this year,” Zelensky said in a video speech at a conference in Lithuania. . Zelensky’s remarks come at a time when Ukraine is suffering from widespread blackouts and infrastructure failures following a barrage of Russian missile attacks.Read War Updates here.
SpaceX owner and Tesla CEO during a conversation with legendary game designer Todd Howard (not pictured) at the E3 Gaming Convention in Los Angeles, Calif., June 13, 2019. Elon Musk speaks.
Mike Blake | Reuters
Elon Musk is going to throw some more spaghetti on the wall At Twitter Headquarters. The billionaire electric car and rocket ship tycoon said Friday that his social networks will roll out a series of different colored verified checkmarks next week. , blue checks for individuals (celebrity or not), and all verified accounts will be manually authenticated before the check becomes active,” Musk said, adding that details will be announced next week. rice field. The latest change comes after many users impersonated brands and celebrities, forcing him to suspend his $8-per-month Twitter Blue service.
Binance Co-Founder and CEO Changpeng Zhao at the Media Village on the first day of Web Summit 2022 at Altis Arena in Lisbon, Portugal.
Ben McShane | Sportsfile | Getty Images
Cryptocurrency exchange Binance said opened a $1 billion recovery fund For an industry reeling from FTX’s bankruptcy and the growing scandal surrounding founder Sam Bankman-Fried. Binance, which is run by CEO Changpeng Zhao, said the fund aims to help companies that “are facing significant short-term financial difficulties through no fault of their own.” About 150 companies have already applied for support from the fund, according to Binance, adding that it could increase the available funding to $2 billion “if needed.”
– CNBC’s Carmen Reinicke, Sarah Min, Melissa Repko, Karen Gilchrist, Arjun Kharpal, and Ryan Browne contributed to this report.