$Netflix(NFLX.US)$Generally enjoy most of the Netflix shows with multiple episodes. It seems to allow development of the story.
The movies aren’t quite as good generally. Red Notice was overhyped grade B movie. The Rock wasn’t very good in this role. I remember him doing better in that movie with the kids from another planet and getting them back to their way home. I thought he would be better. Now he wants to do James Bond. Yeah, well, me too.
Ryan Reynolds has had better movies as well. Hopefully this is not a pattern for Netflix of making consistently mediocre movies.
I’m enjoying the series titled ‘You’. Good if you like suspenseful tongue in cheek psychopaths.
cr. kaafi_sanskarii

Elon Musk sold a large chunk of $Tesla(TSLA.US)$ stock for the seventh straight day Tuesday, bringing him nearly halfway to his Twitter promise of selling 10% of his stake in the company.
A well known Tesla investor made a calculation on Elon Musk's stocks sales. And he found out the biggest winner is —— the U.S. government.
Musk is racking up the tax bill to the U.S. government. In fact, the U.S. government will be the primary benefactor of Elon Musk's stock sales, receiving many billions in dollars for these 3 weeks of stock sales.
Musk reply the author on Twitter and he said the electric car maker would contribute a massive sum in federal tax revenue in the coming years amid an ongoing dispute over a Democrat-led push to increase taxes on the wealthiest Americans.
Tax the stock gains.
Tax the stock options.
Tax the employee income.
Tax the product.
Tax the property.
Tax the profits.
Good luck, @elonmusk

Three of the world's four largest sector-based exchange traded funds face a shake-up due to proposed changes in their composition that would reclassify major companies in information technology indices as financial or industrial.
S&P Dow Jones Indices and MSCI have launched a consultation on a potential revamp of the widely followed Global Industry Classification Standards (GICS) that determine which sector each company is placed in.
This debate could have meaningful consequences, with the weighting of banks in the $45.7bn $Financial Select Sector SPDR Fund(XLF.US)$, as well as other ETFs such as $11.6bn $Vanguard Financials ETF(VFH.US)$, falling below one-third, from a peak of 45.4 per cent in 2013 according to S&P data, if the proposed changes come into force.
However, the $49bn $The Technology Select Sector SPDR® Fund(XLK.US)$ , the world's largest sector ETF, according to data from TrackInsight, and the $48.2bn $Vanguard Information Technology ETF(VGT.US)$ would become both more cyclical — prone to rise and fall in line with the economy — and more concentrated as the sector is stripped of several stocks, including three of its eight largest.
“Some of the largest information technology companies in the S&P 500 index could be changing sectors.”
- said Todd Rosenbluth, head of ETF and mutual fund research at CFRA Research.
“At least seven of its large-cap company sector constituents are potentially moving to a new sector,” Rosenbluth added, with the knock-on effect that "banks would no longer dominate broad financial ETFs."
MSCI and S&P are proposing that "transaction and payment processing companies" are switched from the information technology sector of the GICS framework to the financial sector. This would impact companies such as $Visa(V.US)$, $MasterCard(MA.US)$ and $PayPal(PYPL.US)$, which have a combined market capitalisation of more than $1tn and are, respectively, the fourth, sixth and eighth largest stocks in the IT sector.
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The technology category would be further denuded by being stripped of its data processing and outsourced services, and payroll processing sub-industry groupings, which would be switched to the industrial sector under the proposals.
This would impact companies such as $Fidelity National Information Services(FIS.US)$, $Broadridge Financial Solutions(BR.US)$ and $Automatic Data Processing(ADP.US)$. The proposed changes would result in heightened concentration in the technology sector, coming as they do on top of a 2018 reshuffle that saw $Meta Platforms(FB.US)$, $Twitter (Delisted)(TWTR.US)$, $Snap Inc(SNAP.US)$and $Alphabet-A(GOOGL.US)$, the parent of Google, transferred to communication services. $Microsoft(MSFT.US)$ and $Apple(AAPL.US)$ already account for a combined 44.7 per cent of the S&P 500 Information Technology index, even before the latest proposals.
MSCI and S&P are currently consulting on the proposals, with a decision due in February.
Source: Financial Times

Rivian is going public on Wednesday, Nov.10th
join the discussion and post your thoughts!
$Rivian Automotive(RIVN.US)$ , the electric vehicle maker backed by $Amazon(AMZN.US)$ and $Ford Motor(F.US)$ , priced its IPO on Tuesday at $78 a share. The deal values Rivian at $66.5 billion.
Rivian is already worth almost as much as Ford ($79 billion) and General Motors ($85 billion). That’s all before the company has even started generating real revenue. $Lucid Group(LCID.US)$ is worth $72.5 billion even though the company just began production of its first cars. $Nikola(NKLA.US)$ ’s market cap was higher than Ford’s at one point last year before it's been accused to be a lie.
While Rivian is still effectively pre-revenue, the company said in its prospectus that it has a backlog of 55,400 pre-orders for its R1T and R1S electric vehicles. The company said it expects to fill those orders by the end of 2023. Additionally, $Amazon(AMZN.US)$ has ordered 100,000 vehicles to be delivered by Rivian by 2030, and the companies plan to have 10,000 new Rivian-Amazon delivery vehicles on the road as early as next year.
Even though Rivian and Lucid have delivered 0 vehicles to their customers. Investors are continuously trying to hop on "the next Tesla" at the early stage.
Join the Rivian IPO discussion now>>
Source:
Rivian prices IPO at $78 a share, valuing electric vehicle company at $66.5 billion

$Suntec Reit(T82U.SG)$ any reason why is it up?

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock index futures were little changed during early morning trading on Wednesday, after the S&P 500 on Tuesday posted its fifth straight winning session as strong earnings numbers lift sentiment.
- Special purpose acquisition company BowX Acquisition said its shareholders approved the previously announced business combination with the shared-workspace company WeWork.
Market Snapshot
U.S. stock index futures were little changed during early morning trading on Wednesday, after the S&P 500 on Tuesday posted its fifth straight winning session as strong earnings numbers lift sentiment.
Futures contracts tied to the $Dow Jones Industrial Average(.DJI.US)$added just 4 points. $S&P 500 Index(.SPX.US)$futures and $NASDAQ 100 Index(.NDX.US)$futures both traded marginally lower.
Market Temperature
Read More：Market Temperature (10/20)
Top News
Waller: If inflation doesn't cool by year-end, Fed could bring rate increases forward
Federal Reserve Gov. Christopher Waller said the central bank could move forward the timeline for raising short-term interest rates to restore price stability if high levels of inflation don't start cooling soon, adding that he supports the Fed slowing its asset buying stimulus effort starting next month.
Biden identifies cuts to social policy and climate bill
Democrats accelerated efforts to strike a deal on the legislation. Two years of tuition-free community college and a clean electricity program could be dropped, while other programs may be slimmed down.
U.S. lawmakers turn spotlight on private equity
A group of legislators led by Sen. Elizabeth Warren plans to reintroduce the Stop Wall Street Looting Act this week amid hearings on buyout-firm practices
Stocks close higher as companies report earnings
Major indexes climbed as investors parsed earnings reports for insight into how companies are coping with inflation and supply-chain disruptions.
Netflix finds even 'Squid Game' only has so much reach
While the new blockbuster series is helping to lift subscriber growth, a projection only in line with forecasts tempers the reaction following a stock-price surge. $Netflix(NFLX.US)$
Credit Suisse to pay fine, admits defrauding investors to settle Mozambique charges
The company $Credit Suisse Group AG(CS.US)$agreed to pay $475 million and forgive $200 million Mozambique owes to investors in coordinated settlements with U.S. and European authorities over loans the bank made in the country.
SPAC shareholders approve deal that will take WeWork public
Special purpose acquisition company BowX Acquisition said its shareholders approved the previously announced business combination with the shared-workspace company.
Read More
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg