🦃 Thanksgiving costs were down

🛍️ While Black Friday spending was up

Welcome to Cyber Monday, America’s least productive day.

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📰 Market Headlines

The Dow and S&P 500 closed at record highs Friday, capping their best month of 2024.

Trudeau convinced Trump that the Canadian border differs significantly from Mexico’s, easing tariff threats.

Thanksgiving was cheaper than last year

Disney's "Moana 2" led the biggest Thanksgiving box office ever, with a record $221 million five-day opening.

Elon Musk asked courts to block OpenAI's conversion to a for-profit company.

  • Another safety researcher quit OpenAI after the AGI Readiness team was dissolved.

📈 Investment Of the Week

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📊 Ideas, trends, and analysis

🕵️ Notable

  • Online retail sales surged to $10.8 billion on Black Friday, with mobile purchases accounting for 55% of transactions.

  • Over 14,000 satellites and 120 million debris pieces have clogged low Earth orbit, forcing urgent calls for international regulation.

😱 Fear and Greed Index

📊 Winners and losers

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Earnings, upgrades, and acquisitions

Market movers

  • Stellantis CEO Carlos Tavares resigned unexpectedly due to "different views" with the board.

  • Baidu received Hong Kong's first autonomous vehicle testing license, valid through 2029.

  • Intel faced criticism over 4% employee pay growth after a 15% workforce reduction and AI pivot.

  • Volkswagen workers launched warning strikes across Germany, their first major walkout since 2018.

  • CVS announced 796 new layoffs as part of its plan to cut 2,900 jobs.

Recommended Newsletter

🌍 Global Perspectives

  1. 🇮🇱 🇵🇸 Israeli strikes killed 200 Palestinians in Gaza as the UN halted aid deliveries after trucks were stolen.

  2. 🇸🇾 🇷🇺 Syrian and Russian forces launched airstrikes across northern Syria after insurgents seized Aleppo.

  3. 🇧🇪 Belgium became the first country to grant sex workers official employment rights.

  4. 🇨🇳 🇹🇼 China condemned the US over Taiwan President Lai's Hawaii transit.

📊 Crypto

  • Crypto losses dropped to $71 million in November 2024, down 79% from last year.

  • BounceBit launched CeDeFi V2 platform after raising $6 million from Binance and Blockchain Capital.

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🎤 What you said last time

You guys are sleeping on Mexico as an investment opportunity.

🧠 Errata

  • A pair of monster black holes 1 billion light-years away flared unexpectedly after devouring a massive gas cloud.

  • NASA's vintage Voyager 1 resumed science operations at 15.4 billion miles from Earth.

  • A man survived five weeks in the Canadian wilderness by building shelters in dried creek beds before being rescued.

📺 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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