Prime Success

🥤 🥤 Prime, the hydration and energy drink brand backed by social media stars Logan Paul and KSI, is set to surpass $1.2 billion in annual sales this year as management pumps money into marketing to entice more shoppers

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Home Affordability Worsens

🏡 🏡 Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward, per Fortune

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Japan’s Life Insurers Buy JGBs

🇯🇵 🇯🇵 Two of Japan’s biggest life insurers, Nippon Life Insurance and Dai-ichi Life Insurance, are increasing their purchases of superlong-term Japanese government bonds in the second half of fiscal 2023

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ARM Misses

🚨 🚨 Arm Reports Strong Sales, Gives Muted Outlook In First Post-IPO Results . Sales in its last fiscal quarter were $806 million, up 28% from a year earlier. Company reported a net loss of $109 million in the quarter, wider than analysts’ expectations of a $38 million loss. Stock Drops >8% post-mkt

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Watch CPI — Should Turn Lower

🇺🇸 🇺🇸 Event Alert: November 14 is the release of the latest US CPI report. The consensus so far is +0.1% m/m on the headline. That’s coming on the heels of +0.6% and +0.4% m/m readings but with oil prices reversing, so should CPI. In addition, the latest fall in oil prices should weigh heavily on November CPI and it’s now not out of the question that we get 0.1% readings for both months

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Disney Beats

🐭 🐭 Disney expands cost-cutting plan by $2 billion, posts better-than-expected profit

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JPY Falls To ¥151

🇯🇵 🇯🇵 JPY Falls To ¥151.00

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China’s Car Sales Climb

🇨🇳 🇨🇳 BREAKING: China passenger car sales rose 10.2% year-over-year in October. Exports were up 50% during the month. So far this year, auto sales in China have climbed 3.2% to just under 17.3M units
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Singapore Home Rentals To Drop 10%

🇸🇬 🇸🇬 Singapore’s residential rents may decline as much as 10% in 2024 after rising up to 15% this year, Bloomberg Intelligence analyst Ken Foong says. He said the drop may be even greater if the macro-economy worsens or a crisis emerges
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