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- 💰A Macy's employee hid $154 million
💰A Macy's employee hid $154 million
🔥 This year's Thanksgiving Day parade is going to be lit
Fractional investing + live auctions 🤝
Fractional investment platforms have a big problem: arbitrary asset valuations.
It’s a novel concept. Auctions offer market-determined asset valuations with the potential to revolutionize how investors access high-value alternative assets.
aShareX has developed a unique system which allows fractional bidding up to desired investment amount. This emphasis on market-driven price discovery is a solution to the problem of arbitrary asset valuations. You can practice bidding with Test Drive an Auction™
How It works:
Browse upcoming auctions of unique treasures, like fine art, collectible cars, rare diamonds, and sports memorabilia.
Bid for fractional shares (or full ownership). You control your entry price. Minimum bids start at $1,000.
Vote. Shareholders decide whether to sell each asset annually. Unbiased 3rd -party appraisals help you decide.
Get started with the world’s first fractional auction platform for alternative investments.
Disclaimer
📰 Market Headlines
Markets rallied broadly yesterday as President-elect Trump's Treasury pick Scott Bessent sparked a bond market surge.
The Dow jumped 440 points, while the S&P 500 gained 0.3%.
The 10-year Treasury yield plunged 14 basis points, the biggest fall since August.
Nvidia unveiled Fugatto, an AI model for music and speech, with no release planned.
Macy's delayed its Q3 earnings after discovering an employee hid $154 million in delivery expenses.
Kenneth Leech was charged with fraud for a cherry-picking scheme at Western Asset.
🧠 Make yourself heard
Taking the pulse of America….
What's worse? |
🕶️ Market Vibes
🎰 Alts this week
Every Tuesday, we explore what’s happening with alternative investments—some of our best content you may have missed while laser-focused on more traditional markets.
Is fractional investing dead? Or is it about to make a big comeback?
Have you tried pinhooking? All the kids are doing it (and getting rich).
Europe’s wine industry could be in real trouble. Like real trouble.
And not to be outdone, the Armenian mob is pulling in nearly $1 billion a year counterfeiting cognac.
📊 Ideas, trends, and analysis
"Wicked" and "Gladiator II" totaled $168 million on opening weekend.
Holiday spending hit a record $989 billion, driven by millennials.
December rate cut odds dropped from 80% to 50%.
Airport bonds rose 25% to $18.2 billion as travel demand climbed.
😱 Fear and Greed Index
📊 Winners and losers
Get $20 free shares at public.com using code ALTSCO.
Earnings, upgrades, and acquisitions
Bath & Body Works beat Q3 estimates; shares retreated after the company projected Q4 revenue to decline 6.5-4.5%.
Zoom beat Q3 estimates with $1.18 billion in revenue; stock advanced on the news. [Ed: how is this hellscape still in business]
Market movers
Indonesia rejected Apple's $100 million proposal, deeming it too low compared to Vietnam and Thailand.
Meta faces an April trial over the FTC's 2020 lawsuit seeking to unwind its Instagram and WhatsApp acquisitions.
Intel announced plans to offer campus sales as part of ongoing cost cuts and layoffs.
The DNC cut two-thirds of staff without severance, spurring a union GoFundMe.
🌍 Global Perspectives
🇨🇳 🇪🇺 The EU proposed sanctions on Chinese firms aiding Russian drone development.
🇳🇮 Nicaragua forced banks to defy sanctions on President Ortega's officials.
🇫🇷 Marine Le Pen vowed to bring down the government over the budget bill.
🇵🇰 Clashes over Imran Khan's jailing left one officer dead and 119 injured.
🇺🇦 🇷🇺 Russia launched 145 drones; Ukraine downed 71, and others were lost to jamming.
📊 Crypto
MicroStrategy bought 55,500 BTC for $5.4 billion, raising total holdings to 386,700 BTC worth $38 billion.
US Customs blocked imports of Bitmain's mining machines, with daily holding fees hitting $200,000 for firms.
Singapore Gulf Bank aims to raise $50 million for a stablecoin payments acquisition by 2025.
Your BILL demo + 🎁
Control spending with customizable budget controls.
Get real-time visibility into your finances.
Take a demo and get a gift.1
1 Terms and Conditions apply. See offer page for more details.
BILL Divvy Card is issued by Cross River Bank, Member FDIC, and is not a deposit product.
🎤 What you said last time
What you had to say:
“I feel like tariffs are going to hit some of the wanted purchases hard, and I want to get ahead of that on electronic items.”
🧠 Errata
NASA’s Curiosity rover uncovered yellow sulfur crystals inside a Martian rock.
A weasel in Japan was caught stealing 22 white shoes from a kindergarten.
New Zealanders saved 30 stranded pilot whales using sheets.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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