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    $UMS(558.SG)$ 52w high, hittting right into rejection area, work harder
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    $UP Fintech(TIGR.US)$ It is christmas week. This stock is offering discount with continue value decrease.  Great discount being offered.
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    Asian stocks set for mixed start after U.S. drop
    Asian stocks looked set for a mixed start Friday following a decline in U.S. shares led by the technology sector as tightening monetary policy to fight inflation buffets investor sentiment.
    Australian equities edged up, while futures pointed lower for Japan and were little changed for Hong Kong. The tech-heavy $NASDAQ 100 Index(.NDX.US)$ sank the most since September, skidding on reduced appetite for more richly valued investments amid the Fed's pivot toward scaling back outsized stimulus. U.S. equity contracts wavered in early Asian trading.
    Apple leads big tech lower as investors reconsider Fed moves
    Megacap tech names initially saw a positive reaction to the Fed's statement on Wednesday, with investors buying up shares of $Apple(AAPL.US)$, $Microsoft(MSFT.US)$ and $NVIDIA(NVDA.US)$, among others. But those stocks came under pressure Thursday, erasing most or all of their gains.
    Apple shares declined 3.9% on Thursday, with the iPhone maker retreating further from a $3 trillion market valuation as it posted its worst day since March. Among other names, Microsoft fell 2.9%, $Amazon(AMZN.US)$ slid 2.6%, and Nvidia shed 6.8%.
    Melania Trump is releasing an NFT that will cost 1 SOL each
    Melania Trump has become the latest celebrity to try to cash in on the craze for non-fungible tokens.
    The former first lady's first NFT, called Melania's Vision, will include watercolor art that "embodies Mrs. Trump's cobalt blue eyes, providing the collector with an amulet to inspire," according to an emailed statement. It will be available from Dec. 16 to Dec. 31 for one SOL, a cryptocurrency that runs on the Solana blockchain, currently priced at $187.
    A pair of teenagers helps launch ETF targeting youngest traders
    An exchange-traded fund tracking U.S. companies that adhere to the values of Generation Z starts trading on Thursday.
    The $THE GENERATION Z ETF(ZGEN.US)$ tracks a portfolio of "future-focused companies that align with Generation Z," according to a press release. It will trade under the ticker ZGEN and charge a fee of 0.6%, the fund's website says.
    Consumer Financial Protection Bureau probing 'buy now, pay later' companies, including Affirm, Klarna
    The bureau issued orders seeking information from the firms that would help it examine concerns such as the kind of role these ' buy now, pay later' plans play in increasing consumers' debt and how these companies use consumer data, the agency said.
    The CFPB said the ease of getting these plans can mean consumers end up spending more than anticipated. $Affirm Holdings(AFRM.US)$ dopped 10.6% on Thursday.
    Rivian shares slide after company cuts 2021 EV production expectations
    $Rivian Automotive(RIVN.US)$ said it expects to fall "a few hundred vehicles short" of its 2021 production target of 1,200 vehicles. The company said it faced supply chain issues as well as challenges ramping up production of the complex batteries that power the vehicles.
    The updates come alongside Rivian's first quarterly report as a public company and confirmation of plans for a new $5 billion plant in Georgia that's expected to come online in 2024.
    Millennial millionaires plan to add more crypto in 2022, CNBC Millionaire Survey finds
    Most millennial millionaires have the bulk of their wealth in crypto, and they're planning to add more in 2022 despite the recent price declines, according to the CNBC Millionaire Survey.
    Fully 83% of millennial millionaires own cryptocurrencies, according to the survey. The crypto holdings of millennial millionaires stand in stark contrast to older generations of millionaires, and could create a new dilemma for wealth management firms and how they work with clients.
    Netflix slashes India prices in battle with Amazon, Disney
    $Netflix(NFLX.US)$ this week said in a blog post from India executive Monika Shergill that it is cutting its basic plan in India by 60% to 199 rupees, equivalent to $2.61, a month. Netflix also lowered prices on its least expensive plan and most expensive plan.
    Despite the price cuts, Netflix is still more expensive than competitors. Netflix has some 5 million subscribers in India, according to data from consulting firm Media Partners Asia, far fewer than Amazon Prime Video's 19 million and $Disney(DIS.US)$ Disney+ Hotstar's 46 million.
    Source: Bloomberg, CNBC, WSJ
    Wall Street Today | Rivian slides after it cuts 2021 EV production expectations
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    The California State Teachers' Retirement System, the second-largest public pension by assets in the U.S., bought more shares of movie-theater chain $AMC Entertainment(AMC.US)$ and analytics-software firm $Snowflake(SNOW.US)$, acquired shares of the $Tilray Brands(TLRY.US)$, and reduced its holdings in $Berkshire Hathaway-B(BRK.B.US)$, Buffett's investment juggernaut. Calstrs, as the pension is known, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.
    Calstrs said it doesn't comment on its holdings or on individual investment managers. The pension managed $321.9 billion in assets as of Oct. 31.
    AMC stock caught fire during the meme-stock frenzy early in the year, when small investors communicating via social media bought shares of beaten-down companies in hopes of triggering gains that would force people who had bet against those stocks to buy in order to close their bets. The trend led to a surge in volatility that prompted the Federal Reserve to warn this month that meme-stock related market swings could be a risk to the financial system. AMC's third-quarter results were better than expected, and the chain is now accepting cryptocurrencies for online payments.
    Yesterday, AMC shares fell 15% to their lowest close since May. The Omicron variant of coronavirus has revived fears that new lockdowns could keep movie-goers away from theaters.
    Mooers, what do you think of the giant pension's investment in these most-volatile stocks?
    Giant U.S. pension bought AMC, Snowflake, and Tilray stock
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    $Futu Holdings Ltd(FUTU.US)$ $UP Fintech(TIGR.US)$ I own both. theyre fine. Usa markets are nervous because chinese government official spoke about Hong kong companies seperating from mainland. $Robinhood(HOOD.US)$ Is dragging down trading companies also. lost more money than futu bought back, and lost more than tiger is worth. So in reality americans are dumb for buying a 40 billion dollar stock losing 1.4 billion, but selling the chinese ones buying back 60 million shares and earning profits. They just dont teach math in the usa like in ancient times. 🇨🇳❤️🤣🤣🤣 I was called a traitor, and a communist for buying chinese stocks. I will ❤️ U when nobody else does. Can be a little poor and have good math skills. or have really bad math skills and lose everything. robinhood is garbage, and futu tigr are good.
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    By Danilo
    Hey, mooers! Here are things you need to know before the opening bell:
    - U.S. stock futures rose in early trading on Wednesday, after stocks continued their upward climb overnight from the omicron sell-off.
    - Last year, Apple became the first American company to record a market value of $2 trillion. Another 6.8% gain will send its market cap to $3 trillion.
    Market Snapshot
    U.S. stock futures rose in early trading on Wednesday, after stocks continued their upward climb overnight from the omicron sell-off.
    $Dow Jones Industrial Average(.DJI.US)$ futures lost 24 points, while $S&P 500 Index(.SPX.US)$ futures gained 2 points and $NASDAQ 100 Index(.NDX.US)$ futures were up by 0.2%.
    Market Temperature
    Read more: Market Temperature (12/8)
    Top News
    Futures point to more gains for u.s. stocks
    U.S. stocks were poised for further gains, potentially pushing the S&P 500 toward record territory, amid optimism that the economic impact of Omicron will be less drastic than first feared. European and Asian indexes also broadly gained, while oil prices edged lower.
    House votes to approve bill setting up process for lifting debt limit
    House leaders introduced legislation that would pave the way for Democrats to raise the debt ceiling in the Senate without Republican support, as lawmakers closed in on a procedural agreement to resolve the partisan clash over lifting the borrowing limit.
    Companies plan big raises for workers in 2022
    Companies are planning for steeper wage increases next year than at any point since the 2007-2009 recession, according to a new report, amid a tight labor market and the highest inflation in three decades.
    U.S. boosted oil and food exports in october, as the trade deficit narrowed
    An increase in exports of energy and agricultural commodities outpaced growth in imports, which were restrained by a backlog at U.S. ports.
    Supply-chain snags likely to persist, three ceos say
    The chiefs of $Intel(INTC.US)$, $Wayfair(W.US)$ and $Accenture(ACN.US)$ each said that the disruptions rippling across the U.S. economy are improving for some companies but that long-term fixes might take much longer.
    Facebook's head of messenger to leave company next year
    Stan Chudnovsky's resignation is the latest in a series of high-profile departures from the social-media company. $Meta Platforms(FB.US)$
    BlackRock to pull $2 trillion in assets from State Street
    State Street was sole custodian for the investing firm's U.S. exchange-traded fund business for more than a decade. $Blackrock(BLK.US)$ $State Street(STT.US)$
    Read More
    Could Apple hit $3 trillion market valuation?
    Elon Musk slams billionaire tax again
    Are you a fan of meme stocks? The MEME ETF will be launched today!
    Sector Valuation | Financial Services & Real Estate
    Is VW still considering Porsche IPO?
    Key Events This Week
    Source: CNBC, Dow Jones Newswires, Bloomberg
    Before the Bell | AAPL record-high streak continues as stock approaches $171
    Before the Bell | AAPL record-high streak continues as stock approaches $171
    Before the Bell | AAPL record-high streak continues as stock approaches $171
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