5 things to know before the stock market opens on Friday, November 25

Michael Nagle | Bloomberg | beautiful pictures

Here are the most important news items investors need to start their trading day:

1. Short-term for stocks

2. Black Friday bets

Consumers are making more choices with how they spend

3. Zelenskyy calls for unity

Ukrainian President Volodymyr Zelenskiy sings the national anthem during his visit in Kherson, Ukraine November 14, 2022.

Press Service of the President of Ukraine | Reuters

4. Musk’s Latest Twitter Tweak

SpaceX owner and Tesla CEO Elon Musk speaks during a chat with legendary game designer Todd Howard (not pictured) at the E3 gaming conference in Los Angeles, California, June 13 2019.

Mike Blake | Reuters

Elon Musk will throw some more spaghetti on the wall at Twitter headquarters. The electric car and rocket ship billionaire said on Friday his social network will roll out a series of different colored verified checkmarks next week. “Yellow checks are for companies, gray checks are for governments, green checks are for individuals (celebrity or not) and all verified accounts will be manually validated before the check is activated. “, he wrote on Twitter, adding: “It’s painful, but necessary.” Musk said more details will come next week. The latest change comes after he was forced to suspend his $8/month Twitter Blue service, after many users impersonated brands and celebrities.

5. Binance is flexible

Changpeng Zhao, Co-Founder & CEO, Binance, at Media Village during the first day of Web Summit 2022 at Altice Arena in Lisbon, Portugal.

Ben Mcshane | sports file | beautiful pictures

Crypto Exchange Binance Said It opened a $1 billion recovery fund for the industry as it reels from the bankruptcy of FTX and the growing scandal surrounding founder Sam Bankman-Fried. Binance, which is run by CEO Changpeng Zhao, said the fund is intended to help companies “through no fault of their own, which are facing significant, short-term financial difficulties.” About 150 companies have applied for help from the fund, Binance said, adding that they can increase the amount available to $2 billion, “if there is a need.”

– Carmen Reinicke, Sarah Min, Melissa Repko, Karen Gilchrist, Arjun Kharpal and Ryan Browne of CNBC contributed to this report.

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