News

FTX was one of the largest cryptocurrency exchanges in the world when it went bust in 2022. Founder Sam Bankman-Fried is serving a 25-year prison term.

Shares of pizza chain Papa John’s sank 15% on Tuesday following a report that Apollo Global has withdrawn its offer to take the chain private.

Prior presidential administrations have continued paying SNAP benefits during past shutdowns of the U.S. government.

Shares of the power management solutions provide saw a strong bounce off their lows as the earnings conference call progressed.

Amazon wants Perplexity to prevent its users from using its AI browser called Comet to make purchases on their behalf.

Crude oil is settling at $60.56. That is down $0.45 or -0.69%. The low price reached $59.94. The high price was at $61.03.

Technically,

• The price remains below the swing area between $61.45 and $61.94. That is topside resistance.
• On the downside, there is a swing area support between $59.64 and $60.17 going back to October 10.

In between those 2 levels 6100 and 200 hour moving averages at $60.60 and $60.88 respectively.

Buyers and sellers have been battling it out between those extremes since October 27.

This article was written by Greg Michalowski at investinglive.com.

Beta’s IPO marks a big step for the electric vertical takeoff and landing industry that’s been vying for approval from the Federal Aviation Administration.

The NY Times is reporting

• The administration has developed multiple military options for action in Venezuela, including direct strikes on units protecting President Maduro and potential moves to seize control of the nation’s oil fields.

• President Trump has not yet decided whether or how to proceed, reportedly showing reluctance to risk U.S. troops or political fallout.

• Senior advisers are pushing for stronger measures, including ousting Maduro from power.

• The Department of Justice has been asked for legal guidance to justify expanded military operations beyond anti-narcotics actions.

• Such guidance could aim to provide legal cover for targeting Maduro without requiring Congressional authorization or a formal declaration of war.

How many times will the Trump Administration go to the well citing National Security. Tomorrow the arguments on tariffs will be presented to the Supreme Court with a decision likely after the New Year.

This article was written by Greg Michalowski at investinglive.com.

The US Dollar (USD) kept pushing higher on Tuesday, flirting with six-month highs as traders continued to weigh the Federal Reserve’s (Fed) next move after last week’s meeting. Growing expectations that the Committee might stay on hold in December are keeping the US Dollar well bid.

Evergreen funds are specifically structured to allow for more liquidity, but Marc Nachmann says there’s risk of fund managers deploying too much capital at once.