28Nov2022 Market Close & Major Financial Headlines: Markets Decline As Investors Mull Coming Federal Funds Rate Hikes And Unrest In China

How Russia Is Trying To Steal Europes Largest Nuclear Power Plant

Russia began installing managers and technical staff at Ukraine’s Zaporizhzhia Nuclear Power Plant (ZNPP) soon after seizing the plant by military force on March 4 and well before officially annexing Ukraine’s Zaporizhzhia region to Russia (see Part One). Moscow completed the formal annexation procedures on October 5, and that same day, President Vladimir Putin issued a decree to place the ZNPP under Russian government ownership (Ukrainska Pravda, October 5). Based on Putins decree, the Rosenergoatom State Concern (operator of

Read more at: https://oilprice.com/Energy/Energy-General/How-Russia-Is-Trying-To-Steal-Europes-Largest-Nuclear-Power-Plant.html

Germany Is Preparing A Windfall Tax For Solar And Wind Generators

Ah, yes. The sweet smell of saving the planet with “green” energy while getting to rake in even more taxes…nothing like having your cake and eating it too. Such is the case in Germany, where the country is getting ready to “table a 130 per megawatt hour cap on the earnings of wind, solar and nuclear generators”, according to ReNews, citing Bloomberg. Draft law indicates that the German government is planning on “reclaiming” some of the profits belonging to electricity companies in order “to fund a 54bn consumer aid package”

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Germany-Is-Preparing-A-Windfall-Tax-For-Solar-And-Wind-Generators.html

Research Team Reports Breakthrough In Metal Gas Batteries

A City University of Hong Kong research team has discovered an innovative way to boost metal carbon dioxide battery capacity by introducing an unconventional phase nanomaterial as a catalyst, boosting battery energy efficiency up to 83.8%. The metal-carbon dioxide battery is a promising and environmentally friendly technology and the study reveals a novel design of catalysts for the new generation of meta-gas batteries. The study paper has been published in the Proceedings of the National Academy of Sciences. The metal-carbon dioxide battery can

Read more at: https://oilprice.com/Energy/Energy-General/Research-Team-Reports-Breakthrough-In-Metal-Gas-Batteries.html

Russia’s Largest Tech Company Is Fleeing Moscow

Russian tech giant Yandex has said it is reorganizing its operations, moving to cut its ties with Russia in a restructuring that solidifies government control over a company once seen as a bellwether for the country’s digital economy. The announcement comes after months of internal turmoil, with executives departing, the sale of two of the company’s best-known products, and company shares hitting basement prices prior to being frozen on international stock exchanges. “These are exceptionally challenging times,” John Boynton, chairman of Yandex’s

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Russias-Largest-Tech-Company-Is-Fleeing-Moscow.html

Base Metals Continue To Face Bearish Headwinds

By AG Metal Miner Like most base metals, the zinc price index rose during the first week of November. However, the 15th marked the last day of zincs sharp rally, as prices soon began to cool down and return back to prior support and resistance zones. As with other metal production facilities, Zinc smelters use a lot of energy. And with the growing number of global zinc smelter shutdowns this year, the zinc price index remains volatile. However, the sharp rally at the beginning of the month didnt mark a true reversal. In fact, the

Read more at: https://oilprice.com/Metals/Commodities/Base-Metals-Continue-To-Face-Bearish-Headwinds.html

U.S. Drivers Could Get Under $3 Gasoline For Christmas

Drivers in the United States could be getting the gift of even lower gasoline prices this Christmas, according to GasBuddy’s head of petroleum analysis, Patrick De Haan, who has noted the third straight week of gasoline price declines in the United States. U.S. national gasoline prices fell 12.4 cents from a week ago to $3.52 on Monday, according to GasBuddy data. This is down 22.7 cents from a month ago, although still 14.1 cents per gallon higher than a year ago. As millions of Americans hit the road for Thanksgiving, we saw gasoline

Read more at: https://oilprice.com/Energy/Energy-General/US-Drivers-Could-Get-Under-3-Gasoline-For-Christmas.html

Disney hiring freeze will stay in place, CEO Bob Iger tells employees

Disney CEO Bob Iger said he won’t remove the company’s hiring freeze and that he will reassess its cost structure.

Read more at: https://www.cnbc.com/2022/11/28/disney-hiring-freeze-will-stay-in-place-ceo-iger-tells-employees.html

Tech companies begin rerouting critical chip supplies to trucks with rail strike looming

Semiconductor chip suppliers are among companies starting to send more cargo to trucks ahead of a potential freight railroad strike.

Read more at: https://www.cnbc.com/2022/11/28/with-rail-strike-looming-tech-companies-reroute-chips-to-trucking-.html

Disney is the biggest winner — and loser — at the Thanksgiving box office

This year’s Thanksgiving box office was both feast and famine for Walt Disney.

Read more at: https://www.cnbc.com/2022/11/27/disney-is-the-biggest-winner-and-loser-at-the-thanksgiving-box-office.html

Adidas employees raised concerns about Ye’s conduct for years, report says

The CEO and other senior leaders at Adidas discussed the potential fallout from its relationship with Kanye West as far back as four years ago, one report said.

Read more at: https://www.cnbc.com/2022/11/27/adidas-employees-raised-concerns-about-yes-conduct-for-years-report-says.html

Black Friday online sales top $9 billion in new record

Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe.

Read more at: https://www.cnbc.com/2022/11/26/black-friday-online-sales-top-9-billion-in-new-record.html

Bob Iger’s fast start back as Disney’s CEO is welcome news to shareholders like us

The faster Iger can show improvement in terms of streaming, the faster we will see a turn higher in Disney’s stock price.

Read more at: https://www.cnbc.com/2022/11/28/bob-igers-fast-start-back-as-disneys-ceo-is-welcome-news-to-shareholders-like-us.html

U.S. warns California cities to prepare for possible water cuts and fourth year of drought

The Shasta Reservoir, California’s largest reservoir located about 200 miles north of the Bay Area, is currently at 31% capacity.

Read more at: https://www.cnbc.com/2022/11/28/us-warns-california-cities-possible-water-cuts-in-fourth-dry-year.html

U.S. criticizes China’s zero Covid strategy, says Beijing needs to boost vaccination among elderly

The White House, in a statement, said the Chinese people have the right to protest peacefully.

Read more at: https://www.cnbc.com/2022/11/28/china-zero-covid-us-criticizes-beijing-supports-right-to-protest.html

Here’s how the BlockFi bankruptcy may affect your crypto taxes for 2022

Here’s how the BlockFi bankruptcy and recent FTX collapse may affect your crypto taxes for 2022, according to experts.

Read more at: https://www.cnbc.com/2022/11/28/how-the-blockfi-bankruptcy-ftx-collapse-may-affect-your-crypto-taxes.html

Stocks making the biggest moves midday: Apple, DraftKings, Biogen, Williams-Sonoma, and more

These are the stocks posting the largest moves midday Monday, Nov. 28.

Read more at: https://www.cnbc.com/2022/11/28/stocks-making-the-biggest-moves-midday-apple-draftkings-biogen-williams-sonoma-and-more.html

Disney CEO Bob Iger to hold town hall with employees on Monday

Disney CEO Bob Iger to speak with Disney employees at the town hall on Monday, a week after he was rehired.

Read more at: https://www.cnbc.com/2022/11/23/disney-ceo-bob-iger-to-hold-town-hall-with-employees-on-monday.html

Frontier Airlines gets rid of telephone customer service

Frontier said customers can text or use social media channels like WhatsApp.

Read more at: https://www.cnbc.com/2022/11/25/frontier-airlines-gets-rid-of-telephone-customer-service.html

Twitter Suffers From “Ridiculous” Number Of “Psy Ops”, Elon Musk Says

Authored by Tom Ozimek via The Epoch Times,

Twitter owner Elon Musk said Monday that the platform suffers from a “ridiculous” number of professional psychological operations (or, “psy ops”), a concept that typically refers to the dissemination of propaganda or, when used by state actors like the military, psychological warfare tactics meant to manipulate one’s enemies.

“The amount of pro psy ops on Twitter is ridiculous!” Musk wrote in a post on Twitter.

He added jokingly that “at least with new Verified, they will pay $8 for the privilege—haha.”

Musk later qualified his statement, responding to a Twitter user’s comment that the psychological operations are “mid”-level rather than professional. Musk conceded that “it’s most basic.”

Read more at: https://www.zerohedge.com/geopolitical/twitter-suffers-ridiculous-number-psy-ops-elon-musk-says

WHO Renames Monkeypox… Because Racism

Three months ago, the World Health Organization – in all its ‘expertise’ – decided to prioritize resources in seeking the public’s help in renaming Monkeypox, as “part of an ongoing effort to discourage harmful misconceptions associated with the current name.” The renaming effort followed “demands from international scientists” and “public health officials” who have claimed that the current name encourages a harmful stigma.

We’re calling on @WHO to act immediately to rename the “monkeypox” virus. We have a growing concern for the potentially stigmatizing effects that the messaging around the “monkeypox” virus can have on vulnerable communities. Read our letter: https://t.co/hC6L8o60TH pic.twitter.com/G8CQ9ueaMJ

— Commissioner Ashwin Vasan, MD, PhD (@NYCHealthCommr) July 26, 2022

And today, it’s official, WHO has renamed Monkeypox to (drum roll please)… mpox.

Read more at: https://www.zerohedge.com/medical/who-renames-monkeypox-because-racism

Ron Paul Urges Separation Of Tech & State

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

Senator Ed Markey (D-MA) recently got in touch with his inner mobster and threatened Elon Musk – the new owner of Twitter and the CEO of electric car company Tesla and space ventures company SpaceX. He told Musk, “Fix your companies” or “Congress will.”

As part of this threat, Markey referred to an ongoing National Highway Traffic Safety Administration (NHTSA) investigation into Tesla’s autopilot driving system and Twitter’s 2011 consent decree with the Federal Trade Commission (FTC).

Markey has done more than make threats: He is one of a group of Democratic senators who wrote to the FTC urging an investigation into whether Musk’s actions as the new owner of Twitter violated the consent decree or consumer protection laws. Since FTC Chair Lina Khan wants to investigate as many businesses as possible, it is likely she will respond favorably to the senators’ letter.

President Biden has also endorsed an investigation into the role foreign investors played in financing Musk’s Twitter purchase. Biden may be concerned that Musk is not likely to ban tweets regarding Hunter Biden’s business deals.
Read more at: https://www.zerohedge.com/political/ron-paul-urges-separation-tech-state

World’s Largest Active Volcano In Hawaii Erupts For First Time In Decades

After nearly four decades of silence, Hawaii’s Mauna Loa, the world’s largest active volcano, erupted Sunday night, prompting authorities to declare an ashfall advisory across the state’s Big Island.

“The eruption continues at the summit of Mauna Loa. All vents remain restricted to the summit area. However, lava flows in the summit region are visible from Kona. There is currently no indication of any migration of the eruption into a rift zone,” the US. Geological Survey wrote on its website, adding the current volcano alert level is “warning.”

USGS webcam showed the eruption is currently confined to the summit.

Mauna Loa began to erupt at 11:30 PM HST on Sunday. The eruption is currently confined to the summit, and there is no indication that magma is moving into either rift zone. HVO is closely monitoring. Follow @USGSVolcanoes for updates. F …

Read more at: https://www.zerohedge.com/weather/worlds-largest-active-volcano-hawaii-erupts-first-time-decades

BT and unions agree pay rise of up to 16% to stop more strikes

Most workers will get a wage rise of £1,500 in a deal that is set to halt walkouts at the telecoms giant.

Read more at: https://www.bbc.co.uk/news/business-63785421?at_medium=RSS&at_campaign=KARANGA

Musk feuds with Apple over Twitter advertising

Elon Musk says Apple has cut Twitter advertising and has threatened to remove it from the app store.

Read more at: https://www.bbc.co.uk/news/technology-63788437?at_medium=RSS&at_campaign=KARANGA

Emergency energy plan not going ahead on Tuesday

National Grid decides not to activate a scheme to help avoid power cuts after being poised to do so.

Read more at: https://www.bbc.co.uk/news/business-63782026?at_medium=RSS&at_campaign=KARANGA

Tech View: Nifty forms a long bull candle. What traders should do on Tuesday

Options data suggests a broader trading range between 18000 to 19000 zones, while an immediate trading range between 18300 to 18800 zones. The market breadth is skewed in favor of bulls. RSI is still holding the 70 level, confirming the momentum. India VIX ended the session at 13.56 levels, suggesting that the market seems to be enjoying stability.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty-forms-a-long-bull-candle-what-traders-should-do-on-tuesday/articleshow/95828982.cms

Realty firm Signature Global gets Sebi nod for its Rs 1,000-cr IPO

As per the DRHP, the IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore

Read more at: https://economictimes.indiatimes.com/markets/ipos/fpos/realty-firm-signature-global-gets-sebi-nod-for-its-rs-1000-cr-ipo/articleshow/95831747.cms

US stocks open lower on China Covid protests; Apple slips

The Dow Jones Industrial Average fell 71.1 points, or 0.21%, at the open to 34,275.91

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/us-stocks-open-lower-on-china-covid-protests-apple-slips/articleshow/95833869.cms

Market Snapshot: Dow down by more than 500 points as Fed officials point to more rate hikes, China protests rattle markets

U.S. stocks are lower as investors weigh risks to global growth and Federal Reserve officials say more interest-rate increases are needed to control inflation.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-715C-EEF91DBAAB29%7D&siteid=rss&rss=1

Futures Movers: U.S. oil prices recover from their lowest price of the year

U.S. oil futures finish higher Monday, with the West Texas Intermediate crude contract recovering from early losses attributed to demand worries tied to China.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-715C-FAA4A73D3F1D%7D&siteid=rss&rss=1

The Margin: Qatar World Cup: How much prize money is at stake?

From the teams that exit at the group stage to the one that wins it all, this is how FIFA allocates the World Cup prize money.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-715D-74382F3DF686%7D&siteid=rss&rss=1