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Queen Alice Male ID: 102657481
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    Asia stocks set for mixed open amid jump in dollar
    Asian stocks looked set for a mixed open Thursday after the latest Federal Reserve minutes flagged the risk of a faster reduction in stimulus. The dollar jumped and the Treasury yield curve flattened.
    Australian shares were steady, while equity futures for Japan rose and Hong Kong's fell. U.S. contracts fluctuated after the $S&P 500 Index (.SPX.US)$ and tech-heavy $NASDAQ 100 Index (.NDX.US)$ edged up on below average trading volumes ahead of the U.S. Thanksgiving holiday. Data showed U.S. consumers kept spending despite skyrocketing inflation, pointing to a year-end growth spurt.
    Oil edges lower after biggest U.S. supply build in three weeks
    Oil edged slightly lower a day after U.S. stockpiles rose and the day after the announcement of a coordinated release crude from strategic reserves.
    Futures in New York closed down 0.1%. A government report showed U.S. stockpiles increased 1.02 million barrels last week. The White House announced on Tuesday a release of 50 million barrels from its reserves in coordination with the U.S., China, Japan, India, the U.K., and South Korea.
    Adidas Originals says it has partnered with Coinbase
    $ADIDAS AG (ADDDF.US)$ Originals, the clothing line primarily focused on sneakers, tweeted out a cryptic announcement, saying it had partnered with $Coinbase (COIN.US)$, calling it "probably nothing."
    Coinbase replied with a handshake emoji.
    From Best Buy to Gap, retail carnage erases $10 billion of market value
    Disappointing earnings reports have cost prominent U.S. retailers about $10.7 billion in market value this week, with stalwarts such as $Nordstrom (JWN.US)$ and $Gap Inc (GPS.US)$ posting their worst one-day plunges on record.
    Investors shaved about $1.5 billion off Nordstrom on Wednesday, with the stock closing down 29%. The cut for Gap was even deeper at about $2.1 billion, while two days of carnage overtook $Dick's Sporting Goods (DKS.US)$ (down about $1.4 billion) and $Abercrombie & Fitch (ANF.US)$ ($460 million).
    Elon Musk sold another $1 billion in Tesla shares on Tuesday
    $Tesla (TSLA.US)$ CEO Elon Musk's trust sold about $1.05 billion in stock on Tuesday evening according to financial filings posted this week. It marks a total of $9.85 billion in stock offloaded in the past two weeks.
    Tesla shares fell 15.4% the week ended Nov. 12, marking the worst week for Tesla stock in 20 months after Musk began selling shares. Shares of Tesla were up about 1% on Wednesday afternoon.
    Trump hotels, other businesses reportedly subpoenaed, but executive Matthew Calamari expected to avoid charges
    New York prosecutors issued new subpoenas for records on former President Donald Trump's properties as part of an ongoing criminal investigation of his business, a new report said. Manhattan District Attorney Cyrus Vance Jr.'s prosecutors also recently told top Trump Organization executive Matthew Calamari that they did not plan to indict him.
    The developments come as Trump, the de facto leader of the Republican Party despite losing the 2020 election to President Joe Biden, signals he could run for president again in three years.
    Tesla bull Cathie Wood says Apple should've bought the EV pioneer, but 'we're happy they didn't'
    $ARK Innovation ETF (ARKK.US)$'s Cathie Wood told CNBC on Wednesday that $Apple (AAPL.US)$ could have owned the driverless vehicle market by purchasing Tesla. "We're happy they didn't," said Wood, a longtime Tesla uber-bull and believer in CEO Elon Musk. Wood also said on CNBC she sees "nothing wrong" with Musk selling stock and paying billions of dollars in tax bills related to option grants.
    Love affair with riskiest assets turns turbulent on Fed fears
    A selloff in hyper-expensive tech stocks. Travails in crypto land. Snowballing weakness in small caps. And now a runup in the cost of equity insurance.
    Despite a solid markets close on Wednesday, there were other signs this week that showed this year's ardor for risky assets has hit a rough patch. The latest exhibit is the Cboe Volatility Index, which has gained 2 points since Monday of last week, a period in which the S&P 500 is little changed. Demand for protective options is suddenly growing as previously torrid corners of the equity market cool off.
    Source: Bloomberg, CNBC
    Wall Street Today | Elon Musk sold another $1 billion in Tesla shares on Tuesday
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