😥 Elon loses $56 billion

03 Dec | Read Online

Wyatt from Alts
03 Dec

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📰 Market Headlines

The S&P 500 and Nasdaq hit record highs to kick off December

The Nasdaq jumped nearly 1% while the S&P 500 edged up 0.2%. The Dow slipped 0.3%.

Fed Governor Waller signaled support for a December rate cut but left room for inflation surprises.

Tesla CEO Elon Musk lost his bid to reinstate a $56 billion pay package.

President-elect Donald Trump warned of 100% tariffs on BRICS if they launch a dollar rival.

Russian President Vladimir Putin approved a record defense budget.

🎰 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.

Women raise less capital than male founders, but their companies generate more revenue.

Christmas gifts for the investor in your life.

Should you be investing in Mexico right now?

🧠 Make yourself heard

Elon's not getting his $56 billion. This is

A good thing — that's obscene

A bad thing — he deserves it

📊 Ideas, trends, and analysis

US manufacturing PMI climbed to 48.4 in November as new orders grew for the first time in eight months.
Construction spending advanced 0.4% in October, driven by single-family home building.

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Earnings, upgrades, and acquisitions

Zscaler beat quarterly expectations, but shares tumbled 6%.

Market movers

The US imposed new chip restrictions on 140 Chinese firms.
Intel CEO Pat Gelsinger was ousted after the board lost faith in his turnaround efforts.
Cargill cut 5% of its 164,000 workers as profits hit their lowest since 2016.
GM sold its $1 billion stake in a Michigan battery plant back to LG Energy Solution amid weak EV demand.
Chicago pursued $806 million bond refinancing while facing a $982.4 million budget deficit.

🌍 Global Perspectives

🇮🇱 🇱🇧 Israel struck Lebanon after Hezbollah missiles killed two.
🇩🇪 🇺🇦 German Chancellor Scholz pledged €650 million in military aid to Ukraine.
🇨🇳 Chinese lidar sensors were flagged as hacking risks to US military gear in a new think tank report.
🇫🇷 France's government neared collapse as PM Barnier faced a no-confidence vote over the budget.
🇺🇳 The UN’s top court began landmark climate hearings with 99 countries, its largest case ever.

📊 Crypto

MicroStrategy bought $1.5 billion in Bitcoin, now holding nearly 2% of the total supply.
Bitcoin’s illiquid supply reached 14.8 million tokens as exchange balances fell to a four-year low.
The US Government transferred $2 billion in seized Silk Road bitcoin to Coinbase.
Coinbase added Apple Pay to its Onramp platform, enabling instant crypto purchases in third-party apps.

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🎤 What you said last time

🧠 Errata

A Bitcoin millionaire hid $2 million in puzzle boxes filled with artifacts and precious metals across the US.
Mars offered £2 to a customer who found a flat Mars bar.
Over 3,000 fake Gibson guitars were seized at the Los Angeles seaport.