Adobe Analytics says Cyber Monday online sales have dropped by 1.4% from last year

• According to information from Adobe Analytics, this year’s Cyber Monday sales marked a 1.4% decrease from 2020 to $10.7 billion 
• So far, from Nov. 1 through Cyber Monday, consumers in the United States have spent $109.8 billion online, which is up 11.9% year over year
• Adobe anticipates digital sales from Nov. 1 to Dec. 31 will hit $207 billion, which would represent record gains of 10%

SpaceX staff told that Starship crisis creates bankruptcy risk by Elon Musk

• In a company-wide email, Elon Musk wrote, “The Raptor production crisis is much worse than it seemed a few weeks ago,”
• These raptor engines that are in development will power the company’s Starship rocket but if they are not developed in time, Musk says that the company faces a “genuine risk of bankruptcy…”

BMW unveils its XM hybrid-electric concept vehicle aimed towards high-performance 

• On November 29, BMW unveiled its high-performance concept vehicle that showcases an electrified crossover 
• The vehicle is expected to begin US production as soon as late 2022 in South Carolina
• This new vehicle is called the BMW XM and will be available exclusively as a plug-in hybrid electric vehicle 

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• Shares of Disney have continued to be negative for this year in 2021 and remain behind the S&P 500 Index Return
• As Disney’s3rd quarter earning swerve announced, it shows that streaming subscriber additions slowed down and costs for its content and Parks business rise

GM aims to produce vehicle-based on Hummer EV for the US military in 2022

• According to company officials from General Motors, the eLRV from GM Defense is expected to be based on the company’s Hummer EV
• The new vehicle will use and change components of the Hummer EV like the motors, frame, and the automaker’s “Ultium” batteries starting in 2022

Major fast-food restaurants affected by labor shortages 

• For the entire fast-food industry, the unemployment rate fell by 7% in September 2021, while food services and drinking establishments added almost 120,00 new jobs during the same month 
• Fast-food chains like Burger King and Taco Bell have reported that the lack of workers is causing restaurants to cut back open hours and some menu items

Past GM factory of Lordstown Motors bought out by Foxconn for $230 million

• By the end of April 2022, Foxconn plans to sign a contract to assemble Lordstown Motors’ first vehicle, an all-electric pickup truck named the “Endurance”
• Both companies benefit as EV start-up Lordstown Motors get desperately needed capital, and Foxconn gets to go into the EV space by producing fully electric trucks
• After the news, shares of Lordstown rose more than 13%

Elon Musk has sold more than 3.5 million shares of Tesla stock valued at over $3 billion

• In a series of trades that happened on November 8 and 9, Elon Musk sold more than 3.5 million shares that are worth over $3.88 billion
• Filings show that Musk had planned to sell a block of Tesla shares set in motion on September 14, 2021
• Musk still currently holds over 166 million shares in Tesla 

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• For the first time in the history of the company and the world, Elon Musk’s SpaceX prepares to launch 4 civilians into space
• The mission is named Inspiration4 and scheduled to lift off on Wednesday nit opening at 8:02 p.m ET

Ford and Argo AI have scheduled testing with Walmart for self-driving cars in major cities

• Walmart is expanding its partnerships with self-driving vehicle companies which included Argo AI and Ford Motor
• On September 15, the companies said that the collaboration will utilize Ford’s Ford Escape hybrids along with Argo AI technology for Walmart deliveries in DC, Austin. Texas, and Miami, Florida

Pfizer claims that side effects from COVID vaccine boosters are similar to second dose

• According to new data submitted to the FDA from Pfizer, side effects from their Covid-19 vaccine booster shots are very similar to those of the second dose
• The research also found that the side effects are more likely to affect “younger people” 
• In the “phase 4 study”,  Pfizer found that out of 300 participants from ages 18 to 55, 63.7% experienced fatigue after getting their boosters, 48.4% had headaches and 39.1% felt muscle pain

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• The prices of power and natural gas in Asia and Europe have reached the highest recorded, with U.S. prices having doubled in 2021
• According to the head of global commodities research at Bank of America, Merrill Lynch says, “The U.S. is much more insulated from this global energy trend than the rest of the world”

U.S. COVID-19 cases now below 100,000 per day as winter approaches

• Since the United States’ recent peak of around 172,500 average daily infections on September 13, cases have steadily declined
• Currently, around 69,000 Americans are receiving Covid-related care in hospitals which is a large decrease from almost 104,000 hospitalized on September 1

Elon Musk’s SpaceX has a new valuation of more than $100 billion

• Following a secondary share sale, the valuation of SpaceX has gone past $100 Billion 
• Recently, SpaceX made an agreement with new and existing investors to sell up to $755 million in company stock from insiders at $560 a share
• Back in February 2021, SpaceX’s valuation was at$74 billion and is now at $100.3 billion 

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• Elon Musk’s SpaceX has disclosed new details about their plan for the next generation Starlink satellites on August 18 in federal filings
• SpaceX also want to use their Starship rocket as the primary vehicle to deliver the spacecraft into Earth’s orbit
• This new design will add a significant amount of weight to the satellites and be able to generate more power than it had been able to initially

Covid antibody treatment centers open in Texas and Florida

• Regeneron’s treatment was granted an FDA emergency use authorization in November
• Regeneron claims it was able to reduce Covid hospitalizations “in patients at high risk for disease progression within 28 days after treatment.”
• GlaxoSmithKline has won emergency approval for its treatment with Vir Biotechnology in May, reporting that they reduced hospitalizations and death in high-risk patients by 85%

AT&T’s 5G connectivity to come to GM vehicles in 2023

• General Motors has plans to sell vehicles equipped with AT&T’s 5G cellular connectivity starting in 2023
• The higher speed network is expected to enable greater connectivity for in-vehicle systems such as infotainment, navigation, and most importantly, over-the-air software updates.
• The automaker expects 5G to be in millions of its vehicles in the next decade

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• For SpaceX’s 20th mission, they were only seconds away from launching when they were stopped due to an aircraft entering launch range
• On Twitter, Elon Musk voiced his feeling about the situation and criticized the regulations around business launched rockets

• Owned by Berkshire Hathaway, Brooks Running Company has committed to achieving net zero carbon emission by 2040
• The CEO of Brooks Running, Jim Weber has reported that their best selling shoe will soon be made by recycled materials to help the environment

Shares of Moderna have risen due to Covid vaccine being promisingly effective against variants

• Today (Tuesday) Moderna has said that their Covid-19 vaccine in a lab setting was quite promising against coronavirus variants along with the delta variant
• Moderna’s new two-dose mRNA vaccine has been able to neutralize antibodies against the delta variant, beta, and eta as well

Over The July 4rth weekend, Southwest Airlines urges their employees to work extra shifts for more pay

• Southwest is currently offering their flight attendants double pay if they take extra shifts during July 4
• The Airline along with many others are suffering from the worker shortage in the airline industry and are coming up with incentives for their current employees to work extra shifts to somewhat compensate for the shortage

Travel insurance for Royal Caribbean is now required for unvaccinated travelers

• vaccinated except those in Florida 
• Starting August 1, the rule will also apply to those over 12 years of age
• Those passengers who are leaving from Florida on the Cruise line form August 1 to December 31 who are unvaccinated must have travel insurance
• Today (Tuesday) 6 simulation cruises have been approved by the CDC (Center for Disease Control)

• Those who are fully vaccinated against Covid-19 now have the option of not wearing face masks
• Employees for the companies which include those who are non-salaried workers, will not have to show proof of vaccination 

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• President Joe Biden warned Monday that coronavirus case numbers could rise once again in U.S. states with low Covid-19 vaccination rates
• For the first time since the pandemic began over a year ago, Covid-19 cases are down in all 50 states, Biden said
• He said it would be a needless “tragedy” to see Covid cases rise among those who do not get vaccinated

• Walmart+ launched in the fall, but the retailer has not shared how many subscribers it has
• The subscription service is part of a broader effort to diversify how Walmart makes money, from advertising to healthcare
• The company will report its first-quarter earnings on Tuesday and share how sales have fared as Covid-19 cases fall in the U.S.

• Spokespersons for the U.K.’s Foreign Office and Transport Ministry were not immediately available for comment when contacted by CNBC
• The U.K. Foreign Office currently “advises against all but essential travel to the whole of the United Arab Emirates based on the current assessment of COVID-19 risks”
• The Michael Burry is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission.
• Burry previously mentioned in a tweet, that Tesla’s reliance on regulatory credits to generate profits is also an impediment to the company’s long-term prospectscountry of roughly 10 million has been on the U.K.’s “red list” for travel since mid-January, requiring a mandatory hotel quarantine for anyone arriving from the UAE

• Impersonators of Tesla CEO Elon Musk have stolen at least $2 million from cryptocurrency investors in so-called giveaway scams, according to the Federal Trade Commission
• Musk, the self-proclaimed “dogefather,” has been a big supporter of digital currencies like bitcoin and dogecoin
• Crypto fraud surged to record levels since October, according to the FTC. Nearly 7,000 people reported bogus investments since then and lost more than $80 million total

• Michael Burry is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission
• Burry was one of the first investors to call and profit from the subprime mortgage crisis
• Burry previously mentioned in a tweet, that Tesla’s reliance on regulatory credits to generate profits is also an impediment to the company’s long-term prospects

• The airline reported a full-year net loss of 815 million euros ($989 million) on Monday as Covid-19 restrictions pushed its traffic levels down 81%
• Regardless of the recent surge in bookings, Ryanair only expects to come close to breakeven in the 12 months to March 2022

• CEO Jeff Bezos wrote extensively on workplace injuries, in particular the common warehouse manual labor injuries called MSDs, in the most-recent annual letter to shareholders
• The company’s goal is to cut workplace recordable incident rates, an OSHA measurement covering injury and illness, by 50% by 2025

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• Despite a policy banning anti-vaccine messaging on its platform, Facebook continued to host frames with claims that users can overlay onto their profile pictures 
• After CNBC reached out for comment about one such frame claiming, “my immune system works better than the” followed by a graphic of a syringe, a Facebook spokesperson confirmed the image had violated its policies and was removed
• CNBC was quickly able to find well over a dozen other examples of profile picture frames that touted similar messages or at least toed the line of Facebook’s policy

• The amount of available sublease office space in San Francisco more than tripled during the pandemic, and tech companies are paying the price
• Dropbox and Salesforce have taken among the biggest impairments in the industry for their vacated space
• Airbnb said in its earnings report on Thursday that it took a $113 million charge in the first quarter “related to office space in San Francisco that we deemed no longer necessary”

• The semiconductor chip shortage is expected to cost the global automotive industry $110 billion in revenue in 2021, according to consulting firm AlixPartners
• The forecast is up by 81.5% from an initial forecast of $60.6 billion in late January
• A number of factors have contributed to the increase, including a fire at a chip supplier plant near Tokyo and weather-related kinks in the automotive supply chain

• Dogecoin’s price soared as high as 56 cents early Friday, according to Coin Metrics data
• Elon Musk tweeted that he was working with dogecoin developers to improve the efficiency of transactions
• Crypto exchange Coinbase said it would offer dogecoin support in the next six to eight weeks

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• Wendy’s reported better-than-expected earnings Wednesday
• The company said it expects sales of its breakfast items to grow, prompting it to raise its forecast for the rest of the year
• The fast-food chain’s new chicken sandwich also boosted sales and helped it to grab a bigger piece of the competitive category
• Shares in the fast-food chain were recently down about 2%, as stocks in the broader market slumped but after its earnings were released, the stock had risen more than 5%

• The country is reporting 2.2 million shots per day over the past week, federal data shows, up slightly from the most recent low reported Saturday, when it dipped below 2 million for the first time since early March
• Average daily new case counts are below 40,000 per day this week for the first time since September
• Tuesday’s reported totals also included 150,000 Johnson & Johnson shots, the highest one-day total since April 1
• The latest seven-day average of J&J shots is 106,000 per day, down from a high point of 425,000 in mid-April

• United and Delta said they cancelled their U.S.-Tel Aviv flights scheduled for Wednesday while American’s were cancelled for Thursday as well
• The cancellations come amid a violent conflict between Israel and Hamas
• Israeli carrier El Al said it would continue to fly between the two countries
• Airlines have an average of seven flights a day scheduled to Tel Aviv from the U.S. this month, according to aviation data firm Cirium
• Israeli airline El Al said Wednesday that it planned to continue operating flights as scheduled but said that passengers can change their flights without paying a fee or cancel in exchange for a voucher

• Shares of secondhand retailers Poshmark and ThredUp tumbled in extended trading Wednesday, as widening losses overshadowed strong sales growth in a hot category — especially among Gen Z
• The increasing interest in secondhand retail has whet investors’ appetite to buy into a space that has seen momentum. But the latest losses sparked a sell-off
• Both retailers’ CEOs expressed optimism for future sales to rise, as people look to freshen up their closets

• The Centers for Disease Control and Prevention said Wednesday it recommends expanded usage of Pfizer and BioNTech’s Covid-19 vaccine for 12- to 15-year-old kids
• The recommendation from CDC Director Dr. Rochelle Walensky comes hours after the Advisory Committee on Immunization Practices issued an endorsement, which was adopted 14-0 with one person recusing themselves

Hertz shares surge by more than 50% after selecting $6 billion turnaround bid

• Shares of Hertz skyrocketed by as much as 68% after it selected a $6 billion turnaround bid that provides a rare payout to shareholders
• Knighthead Capital Management, Certares Management, among others, won the bid to take over Hertz in its bankruptcy reorganization, which the company hopes to exit by the end of June
• The rental car firm was among the largest companies to file for Chapter 11 during the Covid pandemic

• Volkswagen is planning to bring to market by 2025 a version of its upcoming microbus, a retro-styled electric van, with the ability to drive itself in certain circumstances
• VW is developing the vehicle with Argo AI, a Pittsburgh-based autonomous vehicle start-up backed by the German automaker and Ford
• The ID.Buzz models are expected to feature Level 4 autonomy, which means drivers will not be required to take over the wheel but the vehicles can only operate in specific conditions

• Ellen DeGeneres’ long-running daytime talk show will come to an end after 19 seasons
• In an interview with The Hollywood Reporter, DeGeneres said she had planned to end the show after season 16, but agreed to extend her contract by three years
• DeGeneres said the allegations of workplace harassment did not factor into her reasoning for ending the show

• Tesla has “suspended vehicle purchases using Bitcoin,” out of concern over “rapidly increasing use of fossil fuels for Bitcoin mining,” according to a tweet from CEO Elon Musk on Wednesday
• Support for cryptocurrency from Tesla contributed to the prices of cryptocurrencies, including bitcoin and dogecoin, skyrocketing in recent months

• Colonial Pipeline restarted operations around 5 p.m. ET on Wednesday
• The majority of the 5,500 mile pipeline, which supplies around half of the East Coast’s fuel, had been offline since Friday after the company fell victim to a ransomware attack
• The shutdown sparked fears of a gasoline shortage, and pushed the national average for a gallon of gas above $3 for the first time since 2014

• The premium for New York jet fuel is the highest it’s been since February 2020 and almost 40% more than a week ago, according to S&P Global Platts
• U.S. jet fuel prices have climbed to the highest in nearly 16 months as demand rebounds from pandemic lows
• American Airlines added refueling stops to two flights from Charlotte, North Carolina, and Southwest is flying in extra fuel to some airports affected by the pipeline outage
• Otherwise, carriers say their operations haven’t been disrupted

• The world could be facing a shortage of an underappreciated yet crucial commodity in the years ahead: sand
• “We don’t think about it like a strategic resource, and yet it is everywhere in our societies and our economies,” Louise Gallagher of the United Nations Environment Programme told CNBC
• However, sand use around the world has tripled in the last twenty years as global industrialization has increased

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