💸TikTok Founder Is Now China's Richest Man

Zhang Yiming, co-founder of TikTok's parent company ByteDance, is worth $49.3 billion. Zhang's rise comes as ByteDance's global revenue rose 30% last year to $110 billion

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💥The Price Of Gold Reached A New Record - $2800

The drivers of the rally have not changed: uncertainty around the US presidential elections and events in the Middle East

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⚠️EU Will Continue To Impose Restrictions On Chinese Electric Cars After Negotiations Fail

The tariff rate will be 35.3% in addition to the base duty of 10%.

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©The Era Of Zero Interest Rates And Zero Inflation Is Over - CEO Morgan Stanley

September Fed rate cut by 50 bp. – a turning point in the management of the US economy and the Fed's inflation forecasts.

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☄️The World Bank Predicts That Oil Prices Will Fall To A 5-year Low In 2025

The glut is so large that it will likely limit the price impacts of even a broader conflict in the Middle East. In 2025, oil supply is expected to exceed demand by an average of 1.2 million barrels per day.

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🗓 170 companies from S&P 500 report this week (47% of market cap), including Big Tech.

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🔔Trump Wants To Appoint Elon Musk "Responsible For Government Efficiency"

If Musk gets this position, he could cut the US federal budget by $2 trillion. And if this happens, the event will be the most severe budget austerity since the end of World War II.

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⚡️Robinhood Begins Accepting Bets On US Election Predictions

Starting Monday, October 28, investors can start buying trade contracts related to voting for Kamala Harris or Donald Trump

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⚠️Last week, the strongest outflow from Chinese stocks in 9 years was recorded - data from BofA/EPFR

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