5 things to know before stock markets open on Tuesday, November 29

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on November 10, 2022.

Brendan McDermidt | Reuters

Here are the most important news for investors to start their trading day:

1. Repetitive?

2. Musk vs Apple

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with renowned game designer Todd Howard (not pictured) at the E3 gaming conference in Los Angeles, California, June 13, 2019.

Mike Blake | Reuters

Now Elon Musk wants to take over Apple. Owner of Twitter he tweeted on Monday The iPhone maker has threatened to pull its social media app from its App Store, which, if it happens, will kill one of Twitter’s main distribution channels. Apple declined to comment on Musk’s claims. For all his talk of free speech and censorship, Musk’s main gripe with Apple may be more about money than expression. The billionaire also took aim at Apple’s policy that requires app makers to give the company a 15% to 30% cut of digital goods sold through their apps. Keen to find a source of revenue for Twitter as advertising dollars dry up, Musk wants to charge Twitter subscription fees for certain services.

3. Disable Disney Sticks Hiring

Disney World’s Magic Kingdom in Orlando, Florida.

Joe Radle | Getty Images News | Good pictures

Monday Bob Iger returns to Monday Disney A lot in Burbank, California His first town hall since his reinstatement CEO just a week ago. He spent much time focusing on the company’s culture, which many at Disney felt suffered under previous CEO Bob Chabeck, and touted its creative powers. But Iger also talked about risky moves that could affect the company’s day-to-day operations. Iger said Disney would maintain the hiring freeze enforced by Chabeck, and he would take a good look at the company’s cost structure. In a cost-cutting memo he sent days before his ouster, Sabek had indicated layoffs would be part of the process. Now Iger holds that call, creating great goodwill among employees.

read more: Iger, ‘Don’t Say Gay’ Fallout, Addresses Importance of LGBTQ Inclusion

4. BlockFi files for bankruptcy

Ether tanks after blockchain files for bankruptcy, and companies prepare bids for Voyager: CNBC Crypto World

Another bites the dust. BlockFi on Monday The latest crypto company has been busted, the fallout of FTX’s failure spreads. The company has already halted withdrawals and warned FTX and sister trading firm Alameda Research about its exposure. BlockFi’s bankruptcy filing on Monday indicated that it owes FTX US $275 million in debt. Previously valued at $4.8 billion, BlockFi avoided bankruptcy in July with the help of a $400 million revolving credit facility from FTX, whose founder, Sam Bankman-Fried, styled himself a crypto white knight. That Everything collapsed However, earlier this month, FTX filed for bankruptcy.

5. The cold truth of Ukraine

Russian vehicles and tanks are destroyed on Mykhailivska Square in Kyiv, Ukraine on November 19, 2022. A recent wave of Russian missile and drone attacks has reportedly disabled nearly half of Ukraine’s energy infrastructure, requiring repairs as temperatures plummet.

Jeff J Mitchell | Getty Images News | Good pictures


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