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$GameStop(GME.US)$ this will be trading in the 30s after earnings

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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

Today, Musk tweets an ancient Chinese poem--<Seven Steps Verse>.
Do you know what it means?
At first, I want to show u the translation:
<The Brothers>
They were boiling beans on a beanstalk fire;
Came a plaintive voice from the pot,
"O why, since we sprang from the selfsame root,
Should you kill me with anger hot?"
And then, I'll tell u the story：
The highly allegorical poem describes the relationship between two brothers from a royal family during China's warring Three Kingdoms period. The brothers are Cao Pi and Cao Zhi.
Cao Pi was jealous of his brother Cao Zhi's literary talent and ordered him to write a poem within seven steps, containing the meaning of brotherhood but without the word "brother", or else he would be executed.
Cao Zhi made this poem on the subject of boiling beans to express the sorrow of brotherhood, and eventually Cao Pi released him because he was ashamed of himself.
How to interpret Musk's posts？
Number 1: Musk was alluding to two rivaling dog-themed cryptocurrencies, shiba inu and dogecoin.
Number 2：<Humankind> is a game. Maybe the poem is Musk's feelings after playing the game.
Just watch the video of<Humankind>
$Tesla(TSLA.US)$

Stop loss in time and withdraw to save your life; or go against the wind and wait for the turnaround? I believe most mooers have faced the same situation like me. With the same source of profit and loss, only by sticking to the original intention can you earn the money you know.
I mainly look at the logic of the original purchase. I bought it because of the characteristics of this company. If the logic has not changed, I will not cut the meat. For example, $Futu Holdings Ltd(FUTU.US)$ Futu's fall in this wave can be regarded as an experience of all sentient beings. In just three trading days, as in an era, many believers collapsed, and many dead bulls who believe in value investment cut their positions in tears. Secretly grateful for the early, but regretful for the late.
As for me, I didn't sell one stock recently. Instead, I added a bit before the market yesterday. The reason is simple: low cost and reasonable position, and there is still enough profit to resist falling. And I firmly believe in a truth, according to my investment philosophy, if I can’t make money in Futu, it means that I am not suitable for stock investment at all, so I should spend some cost to buy a clear mind. But if I persevere, once the situation reverses, it will be a successful case of value investment, which is powerful enough for my life. Even if the recent retracement is large and the market panics, I still hold it firmly and will not sell. It is my faith stock. The ultimate product experience and high-quality service are the core competitiveness of Futu.  $Nasdaq Composite Index(.IXIC.US)$   $S&P 500 Index(.SPX.US)$ 
For another example, Tesla is also my faith stock. I am very optimistic about the development of the new energy field. Recently, its stock price also proved that my original choice was correct.  $Tesla(TSLA.US)$ 
Experts will stop losses, and novices will generally resist. The "hard resistance" of the bear market environment will die miserably. Of course, after the market has "reached the bottom" for a few months or two years, it will not be a problem to pay back and make money.
Pay attention please!!!
1. Position determines mentality
2. Never envy how much others earn
3. The most important thing is to look at your account operation
4. Buying stocks is buying companies

Cathie Wood's tech-focused $ARK Innovation ETF(ARKK.US)$ gained more than 150% in 2020. How crazy! You could never find another fund generating similar returns in one year!
But to be honest, I really don't know if she's a good fund manager. ARKK lost about 4% in 2021 and Cathie Wood seems to have a hard time. However, Buffett's value investing fund $Berkshire Hathaway-A(BRK.A.US)$ gained 23% this year and has generated positive returns for 6 consecutive years.
I think Cathie Wood was just lucky enough to catch the tech ride, or $Tesla(TSLA.US)$'s ride, last year.
Warren Buffett vs. Cathie Wood, who's the true guru?
Are you a value investor like Buffett? Are you a tech lover like Cathie Wood?
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Asian stocks set to track U.S. gains; Dollar drops
Asian stocks are set to track a U.S. rally as a focus on corporate earnings helps to ease some of the concerns over inflationary pressures in the global economy. A gauge of the dollar held a retreat.
Futures advanced in Japan and Hong Kong. Australian shares edged up at the open, while U.S. contracts were steady. The $S&P 500 Index(.SPX.US)$is close to a record as traders digest company reports to assess the impact of supply-chain snarls and higher commodity prices.
Jet fuel price surge is clouding U.S. airlines' recovery plans
Jet fuel prices are surging above pre-pandemic levels, an ominous headwind for airlines plotting a recovery from more than a year of losses. Despite lackluster demand, the cost of jet fuel has climbed about 70% so far this year alongside rising crude oil prices.
$United Airlines(UAL.US)$on Tuesday forecast an average price of $2.39 a gallon in the fourth quarter, up from $2.14 in the most recent quarter. The airline paid $2.02 per gallon in the third quarter of 2019.
Googling 'job' is once again more popular than 'unemployment'
There may be a glimmer of hope for U.S. employers who are facing an acute labor shortage.
"Job" has finally overtaken "unemployment" as a search term for the first time since March 2020, according to data from Google Trends. The number of Americans googling "unemployment" peaked at the end of March 2020, when the pandemic shut down the U.S. economy, and had been hovering above "job" searches until mid-September 2021.
Interactive Brokers misses revenue estimates as trading slows
$Interactive Brokers(IBKR.US)$reported third-quarter revenue that fell short of Wall Street estimates as trading activity moderated from earlier in the year. Revenue fell 15% from a year earlier to $464 million, the Greenwich, Connecticut-based company said Tuesday. That missed the $640 million average estimate of analysts surveyed by Bloomberg.
Johnson & Johnson's sales climb across divisions
$Johnson & Johnson(JNJ.US)$'s sales climbed in the latest quarter compared with the same stretch of last year, reflecting a return of more doctor's visits and medical procedures after the pandemic disrupted the industry.
Its revenue rose 11% year over year in the third quarter to $23.34 billion. Earnings were $1.37 a share—up from $1.33 a year ago—or $2.60 a share after stripping out one-time items. Wall Street analysts had been forecasting sales of $23.64 billion and adjusted earnings of $2.35 a share, according to FactSet.
'Squid Game' boosts Netflix's third-quarter subscriber growth
$Netflix(NFLX.US)$ said 142 million subscribers, which account for two-thirds of all Netflix users, have watched at least two minutes of its new hit "Squid Game."Netflix gained 4.4 million new subscribers in the third quarter, but only 70,000 of them came from the U.S. and Canada. The streaming service has added fewer than 1 million new subscribers from the U.S. and Canada in the past 12 months.
Google unveils its newest smartphones, the first powered by the company's own chip
$Alphabet-A(GOOGL.US)$on Tuesday unveiled the full details of its new Pixel 6 and Pixel 6 Pro smartphones. The Pixel 6 starts at $599 while the Pixel 6 Pro starts at $899, and they hit store shelves Oct. 28. Google's new Tensor chip, which powers the phones, enables unique software features.
Comcast launches smart TV for U.S. market in bid to take on Roku, Amazon
$Comcast Corp(CCV.US)$unveiled a smart TV for the U.S. market, as the cable giant looks to become a dominant distributor of streaming apps and give a boost to its homegrown Peacock service.
With its push into smart TVs, Comcast is taking on players such as $Roku Inc(ROKU.US)$and $Amazon(AMZN.US)$as a hub for consumers to access streaming services. That transition is becoming more urgent as more consumers cut the traditional TV cord and turn to streaming for entertainment, sports and news.
Source: Bloomberg, WSJ, CNBC