Top News

1. Musk’s net worth surpasses $347B.
2. US debt exceeds $36 trillion.
3. Lutnick may head Commerce, holds NVDA.
4. MSTR’s Bitcoin-driven profits soar.

I. Market Report

As of 08:39 AM, EST (or 04:39 PM in Riyadh ), the blue-chip Dow Jones Futures are heading up 305 points or 0.69% to 44,700, the broad-based S&P 500 Futures augmented by 29 points or 0.49% to 6,016, the tech-heavy Nasdaq Futures appreciate by 109 points or 0.52% to 20,959. (Data source: Wind Quant)

As of 08:36 AM, EST (or 04:36 PM in Riyadh), top pre-market movements are as follows:

II. Flash Headlines

Portfolio Manager: Bitcoin's Path to US$100K Possible with Thanksgiving, New SEC Policies, and Global Adoption

Eric Jackson, the founder and portfolio manager at EMJ Capital, has shared his thoughts on the potential catalysts that could drive Bitcoin's value to US$100,000. During the interview, Jackson stated, “I think a lot of people that I talk to say, well, it's just going to kiss US$100,000 and pull back.” Read in detail>>

US National Debt Exceeds US$36 Trillion

According to the latest report released by the Federal Budget Accountability Committee, an independent research organization in the United States, the total US national debt has exceeded 36 trillion US dollars this week, reaching a record high. It took only more than three months from the end of July this year, when the total US national debt reached 35 trillion US dollars, to the current 36 trillion US dollars. 

Musk's Net Worth Tops One-Third of a Trillion Dollars

Elon Musk's net worth has reached an unprecedented US$347.8 billion. This significant increase in wealth is attributed to a surge in Tesla Motors, Inc.(TSLA.US) stock and a successful funding round for his AI startup, xAI. Read in detail>>

III. Stocks To Watch

Trump's Commerce Secretary Pick Howard Lutnick's Fund Owns US$1.19B in Nvidia, US$804M in Tesla: A Look at His Portfolio

Howard Lutnick, chief executive officer of Cantor Fitzgerald – which has about US$3.53 billion in holdings – has been named as the co-chair of President-elect Donald Trump's transition team. Lutnick will lead the US Department of Commerce. Top Holdings Of Lutnick's Firm: According to Cantor Fitzgerald's third-quarter 13F filings, top holdings of the firm include ETF-S&P 500(SPY.US), NVIDIA Corporation(NVDA.US),  Tesla Motors, Inc.(TSLA.US),  GCM Grosvenor Inc Ordinary Shares - Class A(GCMG.US) ), and Rumble(RUM.US). Read in detail>>

MSTR Co-Founder: Company Making US$500M Daily with Bitcoin, Could Be Most Profitable and Fastest-Growing US Company

MicroStrategy Incorporated Class A(MSTR.US)  co-founder Michael Saylor has revealed that the company is minting US$500 million a day as Bitcoin inches closer to US$100,000 for the first time in its history. In an interview with CNBC, Saylor broke down MicroStrategy's gains, saying, "We're making US$500 million a day. I'm staring at my screen and we're selling dollar bills for US$3, sometimes a million times a minute." Read in detail>>

Musk Announces FSDV13 Release Coming Soon After Multiple Delays

Tesla Motors, Inc.(TSLA.US) CEO Elon Musk said over the weekend that the next major update to the FSD software will be "coming soon." Meanwhile, Tesla is offering new discounts on Model Y vehicles in China as part of its year-end promotion. 

Dan Ives Raises Palantir Price Target to US$75 Amid 288% YTD Surge, Calls 2025 a 'Primetime' Year for AI

Wedbush Securities has issued an endorsement of the artificial intelligence software sector, with Managing Director Dan Ives predicting that 2025 will be a pivotal year for AI implementation across the industry. This comes as Palantir Technologies(PLTR.US) continues its remarkable ascent, having surged 288% year-to-date. Read in detail>>

Rocket Lab Launches Five Kinéis Satellites, Advancing Global IoT Connectivity

Rocket Lab USA, Inc. - Common Stock(RKLB.US) today successfully launched its 56th Electron mission, deploying five satellites to Low Earth Orbit for French Internet-of-Things (IoT) constellation operator Kinéis. Read in detail>>

IV. Calendar

Events: