Your Evening Briefing
When the unicorn masters of Silicon Valley start putting most of their own money into cash, that may be a sign something bad is happening in the markets.
Here are today’s top stories
Carlos Ghosn, the legendary boss of Renault and Nissan, was arrested in Tokyo for alleged financial wrongdoing.
The man who helped launch Instagram, Etsy and Foursquare says he’s pulling most of his money out of the markets. “There’s nothing safer than cash,” Steve Hoffman says. Wall Street seemed to agree.
It’s been almost two months since the S&P 500 closed at a record high. Since then, there have been lots and lots of losers.
OPEC is so 20th century. Three men control the oil market, Julian Lee writes in Bloomberg Opinion. Can you guess who they are?
Dubai is no stranger to the boom-and-bust. What’s happening now is different, though: a slow bleed.
What’s Joe Weisenthal thinking about? Thanksgiving. Like 2017, he thinks everyone will still be talking about crypto come dinnertime. But this year, the news over the gravy boat won't be as happy.
What you’ll need to know tomorrow
- Sixteen Democrats don’t want Nancy Pelosi as Speaker.
- U.K. Prime Minister Theresa May is fighting to stay alive.
- Maybe President Donald Trump’s trade war is hurting China after all.
- A Goldman Sachs veteran was fired while on maternity leave.
- What if Hyundai made a really good car and nobody bought it?
- These are the best premium economy seats in the sky.
- They’re still breathing: The Rolling Stones announce U.S. tour dates.
What you’ll want to read tonight
Forget emojis and bitmojis. Your avatar is here. Genies is a tech startup that offers superstar NBA and NFL athletes a chance to get in on the ground floor of something that might make them even richer. Selling what, you ask? Avatars. When was the last time you used an emoji in a text message? A bitmoji? This could replace those.
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