SBF released on $250M bail
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US Markets Stocks fell on Thursday despite some signals that the year-end sell-off may ease after prices rose a day earlier. - Tech shares performed the worst, with Lam Research falling 8.7% and AMD down 5.6%.
- Tesla shares lost ~9% after the company started offering $7,500 discounts on its cars amid falling demand following Elon Musk's acquisition of Twitter in late October.
- The current 10 Year U.S. Treasury yield is set at 3.68230%
| Dow Jones | 33,027.49 | -1.05% | | S&P 500 | 3,822.39 | -1.45% | | Nasdaq | 10,476.12 | -2.18% | | Russell 2000 | 1,754.09 | -1.29% | *Stock Market data as of the last closing bell. Data received directly from the reference indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.
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Canadian Markets The TSX was down on Thursday, with energy stocks leading losses. - The TSX energy sector dropped 2.58%, almost twice as much as any other subgroup.
- The federal government said it plans to block a coal mine project in British Columbia.
- The dollar, gold, and oil in Canada were all down on the day.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
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European Markets European stocks fell on Thursday amid negative investor sentiment. - The Stoxx 600 lost 1% on the day and all sectors ended in the red.
- The automotive industry fell by 2.7%, leading losses, while tech stocks were down 2.6%.
- The U.K.'s GDP contracted by 0.3% in Q3 2022, the Office for National Statistics said.
| Euro STOXX 50 | 3,823.29 | -1.26% | | UK (FTSE 100) | 7,469.28 | -0.37% | | Germany (DAX) | 13,914.07 | -1.30% | | France (CAC 40) | 6,517.97 | -0.95% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Asian Markets Stocks were up on Thursday following the publication of strong consumer confidence polling data in the U.S. - Stocks in both Australia and China saw gains after the countries' governments issued a joint statement saying that they will seek to improve bilateral relations.
- Hong Kong stocks were up after the Securities Commission promised to help support the real estate industry, which has been negatively impacted by the decline of the financial industry.
- The IMF believes that the yield curve adjustment by the Bank of Japan will benefit the country's economy.
| S&P Asia 50 | 4,498.89 | 2.63% | | Japan (Nikkei 225) | 26,507.87 | 0.46% | | South Korea (KOSPI) | 2,356.73 | 1.19% | | China (Hang Seng) | 19,679.22 | 2.71% | | India (SENSEX) | 60,826.22 | -0.39% | *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Commodities Oil prices were down during a volatile trading session on Thursday. - Investors were balancing the impact of a severe winter storm in the U.S., more interest rates by the Federal Reserve, and rising COVID-19 cases in China.
- Brent lost 1.5% on the day and U.S. West Texas Intermediate dropped 1%.
- Nearly 2,000 flights across the U.S. have been canceled due to the winter storm, which means demand for fuel around the holiday period will decrease.
| Oil (NYSEARCA:OIL) | 29.46 | -0.31% | | Gold (NYSEARCA:GLD) | 166.76 | -1.21% | | Silver (NYSEARCA:SLV) | 21.69 | -1.72% | | Corn (NYSEARCA:CORN) | 26.27 | -0.15% | | Lumber (NASDAQ:WOOD) | 72.53 | -1.08% | *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.
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Currency Exchange Rates The U.S. Dollar rose on Thursday, gaining against almost all major fiat currencies as the U.S. labor market strengthened. - The number of Americans that filed for unemployment last week was lower than expected.
- Although the USD saw strong gains against other major currencies, it fell by 2.9% against the Russian Ruble.
- The USD is currently at a one-week high against the Chinese Yuan.
| UK(GBP) | £0.83 | 1.23% | | Europe (EURO) | €0.94 | 0.23% | | Canada (Canadian Dollar) | $1.36 | 0.34% | | Japan (Yen) | ¥132.34 | 0.33% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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Cryptocurrency Bitcoin has settled at just under $17,000 after some recent instability. - Sam Bankman-Fried has been released on a $250M bond in the U.S.
- Craig Wright seems to have dropped his attempts to prove he is Satoshi, the inventor of Bitcoin, in court.
- Crypto firm Orthogonal Trading is in provisional liquidation.
| Bitcoin | $16,813.80 | -0.55% | | Ethereum | $1,216.71 | 0.35% | | Litecoin | $66.10 | 1.33% | | Bitcoin Cash | $101.37 | -0.26% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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 |  | Liam Gill is a founder, lawyer and investor.
He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada.
|   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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