Asia stocks fall on inflation angst; oil edges up
Asian equities fell Friday, following declines on Wall Street as the fastest inflation in 40 years drove U.S. bond yields higher and raised expectations for steeper interest-rate hikes.
Stocks in Japan and Australia slid and futures pointed to a weaker open for Hong Kong. U.S. contracts were little changed after a selloff Thursday. The $Nasdaq Composite Index (.IXIC.US)$ took the ...

Happy holidays to all mooers!
$S&P 500 Index (.SPX.US)$
Source: Carter Braxton Worth@twitter

Dow futures fall slightly after the blue-chip average notches third winning week in a row
Stock futures edged lower in overnight trading Sunday after the $Dow Jones Industrial Average (.DJI.US)$ notched its third positive week in a row at a record high. Dow futures dipped 50 points. S&P 500 futures and Nasdaq 100 futures both fell about 0.1%.
Of the 117 companies in the $S&P 500 Index (.SPX.US)$ that have reported earnings to date, 84% posted numbers that beat expectations, according to Refinitiv. S&P 500 companies are expected to grow profit by about 35% in the third quarter.
Hedge funds slash Faang exposure to two-year low before earnings
Hedge funds that make both bullish and bearish wagers on stocks are turning skeptical on tech megacaps just days before earnings from the likes of $Apple (AAPL.US)$ and $Meta Platforms (FB.US)$.
Their exposure to the five biggest American companies slipped over the past month, hitting the lowest level in more than two years, according to Goldman Sachs's prime broker. Meanwhile, options traders -- who rushed in to bet on quick gains in 2020 -- are retreating. Total call open interest on that small group of U.S. giants sank to a 14-month low, data compiled by Bloomberg show.
Smash-hit bitcoin ETF ups the ante for issuers racing to launch
Ater the stunning success of the $ProShares Bitcoin ETF (BITO.US)$ -- which accumulated more than $1 billion in assets in just days -- the stakes are higher than ever for the queue of issuers hoping to gain a foothold in the sector. Indeed, when the $Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)$ debuted Friday, 3.1 million shares changed hands. That compares with the 24 million BITO shares traded at Tuesday's launch, which unleashed enthusiasm that helped send Bitcoin to record a day later.
Shiba Inu up 50% to record, becomes 11th-biggest crypto coin
Shiba Inu soared to record highs over the weekend to become the 11th-biggest cryptocurrency by market value.
SHIB, as it's known, was up 50% in the 24 hours through 10:10 a.m. New York time on Sunday, according to pricing from CoinGecko.com, and reached a record earlier in the day.
Home prices rise, and single people are running out of houses to buy
With mortgage rates remaining low, plenty of singles are seeking homes. Often, they are scraping together down payments on their own, so they are looking for more affordable properties.
Single people hoping to buy homes in the current housing market are short on options. The supply of entry-level housing, which Freddie Mac defines as homes up to 1,400 square feet, is near a five-decade low.
Trump's social-media platform joins crowded conservative media field
Former President Donald Trump's planned digital-media venture could quickly become a serious competitor in a crowded field of right-leaning sites and social networks, thanks to Mr. Trump's prominence and online following.
U.S. companies bet shoppers will keep paying higher prices
Corporate giants including $Procter & Gamble (PG.US)$, $NESTLE SA (NSRGF.US)$ and $Verizon (VZ.US)$ say they plan to continue raising prices or pushing customers to buy more expensive products into 2022 to offset fast-growing costs amid a global supply-chain crisis. Gillette razors, Nestlé coffee and Chipotle burritos are among the products that could get more expensive in coming months.
"We have not seen any material reaction from consumers," P&G finance chief Andre Schulten said last week, referring to a string of price increases that went into effect in September.
Facebook confronts growth problems as number of young users in US declines
For almost a decade, $Meta Platforms (FB.US)$ has fretted over an existential problem: it is failing to attract young users in the US.
Internal documents show that the number of US Facebook users under 30 is in decline and that Instagram, which has been phenomenally popular since being bought by Facebook in 2012 for $1bn, appears to be reaching the limits of its growth among younger users in key markets, raising serious questions about the company's future.
Source: Bloomberg, WSJ, CNBC, Financial Times

Asian stocks set for steady start; Dollar declines
Asian stocks looked set for a steady start Thursday after a mixed Wall Street session, as investors weighed corporate earnings, elevated inflation and risks from China's property sector.
Futures were little changed in Japan and Hong Kong while edging slightly higher in Australia. U.S. contracts wavered as they started trading. The $S&P 500 Index (.SPX.US)$ rose for a sixth day to the cusp of a record but the tech-heavy $NASDAQ 100 Index (.NDX.US)$ dipped.
China tech ETF balloons to record size as U.S. cash floods in
Since slumping to a low in mid-August, $KraneShares CSI China Internet ETF (KWEB.US)$ -- which holds shares of 53 U.S.-listed Chinese tech companies -- has jumped 21%. Cash flooding into the exchange-traded fund has helped buoy total assets to a record $8.1 billion on Tuesday.
Tesla posts record revenue and profits in third quarter
$Tesla (TSLA.US)$ reported third-quarter earnings after the bell Wednesday, and it's a beat on both the top and bottom lines. The record results were driven by improved gross margins of 30.5% on its automotive business and 26.6% overall, both of which are records for at least the last five quarters. The company's stock dropped less than a point after hours on the results.
SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds
Most "institutional investors and industry experts" surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla and see it as a more attractive investment. Elon Musk's two largest companies already command enormous valuations, with Tesla currently at $858 billion and SpaceX at $100.3 billion.
"From our investor conversations, the sentiment on SpaceX has increased substantially along with the company's valuation in the private market," Morgan Stanley analyst Adam Jonas wrote in a note.
PayPal is in talks to buy Pinterest
$PayPal (PYPL.US)$ is in talks to buy social-media platform $Pinterest (PINS.US)$ according to people familiar with the matter, a move that could enable the payments giant to play a bigger role in a customer's shopping experience.
The talks are at an early stage and may not lead to a deal, some of the people cautioned. If there is one, it would be big, as Pinterest has a market value of some $40 billion.
IBM's sales hit by slower client spending, lower-than-expected cloud revenue
$IBM Corp (IBM.US)$ reported weaker-than-expected revenue in the latest quarter, weighed down by its cloud business and some clients' pause in spending.
IBM shares fell 4% in after-hours trading following the results.
Micron to expand chip production with $150 billion in capital spending over coming decade
$Micron Technology (MU.US)$ Chief Executive Officer Sanjay Mehrotra said some of the planned spending would go toward expansion of existing chip-production facilities and potential construction of new ones.
Blackstone weighs up to record $30 billion for flagship fund
$Blackstone (BX.US)$ is preparing to raise what could be the industry's largest buyout fund on record. The firm may seek as much as $30 billion for its next flagship private equity fund, according to people familiar with the matter.
It's a frenzied time for private equity. Blackstone and peers are ramping up fund sizes and coming back to market with successor pools at a rapid clip. Almost 6,000 funds are currently seeking to rake in a record $1 trillion, according to data from Preqin.
Source: Bloomberg, WSJ, CNBC

Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes last week! (Nanlo caps are excluded.)
Upcoming Live
This week, @moo_Livewill live stream the $Alibaba (BABA.US)$ June Quarter 2021 and $Virgin Galactic (SPCE.US)$ Second Quarter 2021 Financial Results in moo community for informational purposes. Follow ...

Hang Seng Tech Index is up 6%.
Meituan jumps 10%, Tencent rises 7%, and Alibaba gains 5%.
Hang Seng Tech Index is up 6%, with technology stocks collectively rising; Meituan surges over 10%, Tencent rises over 7%, and Alibaba gains nearly 5%. $Hang Seng TECH Index (800700.HK)$ 
  $MEITUAN-W (03690.HK)$ 
  $TENCENT (00700.HK)$ 
  $Alibaba Group Holding (05843.HK)$

$Sheng Siong (OV8.SG)$ no movement so far