Stocks: $140B Of Shorts Have Been Covered

🇺🇸 🇺🇸 “In equities, we estimate nearly $140bn of global short length has been covered since the start of the month. We expect the buying to continue for at least one week in a baseline scenario” —Goldman Sachs
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Citi: Layoffs Start On Monday

🚨 🚨 BREAKING: Citi Plans To Announce First Big Round Of Lay-Offs On Monday
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The Vegan Hype Is Failing?

🧈 🧀 The Vegan Hype Is Failing? Vegan butter and cheese company Miyoko’s Creamery is raising $12 million and preparing for a potential sale of the business, according to documents viewed by Bloomberg News
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Meituan Looking At Delivery Hero

🇨🇳 🇨🇳 Meituan is exploring a potential acquisition of Delivery Hero SE’s business in Southeast Asia as the Chinese delivery giant looks to diversify beyond its domestic market
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Apple Abandons X

🚨 🚨 Apple, one of the biggest advertisers on X, said it will pause advertising on the platform
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ASML: Traders Bet On ECB Rate Cuts

💥💥 For the first time, Europe’s money markets have priced in 100 basis points of interest-rate cuts in 2024. Now Here’s The Scoop: It Is Time To Buy The World’s Largest Chip Monopoly
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Where Is JPY Headed?

🇯🇵 🇯🇵 USDJPY sellers gain momentum: Sellers are in control as USDJPY falls sharply to test the low from November
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Oil Bears Take Note

🛢️ 🛢️ Oil Bears Take Note: Saudi Arabia highly likely to extend 1m BPD ‘lollypop’ cut until spring – report
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Dollar Continues To Slide

🚨 🚨 Dollar Update: The US dollar continues to slide as the market firms up the belief that the Fed is done hiking and the economic data will begin to turn south
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OPEC Seen Cutting Output [Again]

🛢️ 🛢️ OPEC+ sources: To consider whether to deepen oil output cuts at next meeting on November 26. The existing curbs don’t seem to be enough
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