Saturday☕️
Trending:
- Trump Cases Paused
- Crypto CEO Kidnapped & Released
Markets:
- Yesterday’s U.S. stock market:
- Yesterday’s commodity market:
- Yesterday’s crypto market:
Trump Cases Paused:
- Yesterday, U.S. District Judge Tanya Chutkan paused proceedings in the federal criminal case against President-elect Donald Trump, who faces charges related to alleged efforts to challenge the results of the 2020 election. This decision followed a request from Special Counsel Jack Smith, who asked for a suspension of pretrial deadlines to reassess the case given Trump’s recent electoral win over Vice President Kamala Harris. Smith noted that this pause would allow his team to evaluate the appropriate steps forward in accordance with Department of Justice (DOJ) policy.
- The DOJ has a longstanding guideline that generally discourages prosecuting a sitting president, which may impact how the case proceeds once Trump assumes office. Trump has previously stated that he intends to remove Smith from his position, raising questions about the potential continuation of the case under a new administration. This pause reflects the DOJ’s need to carefully consider the implications of its internal policies concerning prosecuting a president-elect.
- Special Counsel Smith is expected to provide a status update by December 2, 2024, outlining his team’s proposed course of action in light of these considerations. The pause in proceedings highlights the unusual legal challenges associated with prosecuting a newly elected president and the DOJ’s responsibility to weigh these challenges alongside its procedural standards. The DOJ’s eventual decision may have broader implications for how cases of this nature are approached in the future, particularly when they involve an incoming or sitting president.
Crypto CEO Kidnapped & Released:
- On Wednesday, November 6, Dean Skurka, CEO of Canadian cryptocurrency company WonderFi, was kidnapped in downtown Toronto during rush hour. Reports indicate that Skurka was forced into a vehicle by his captors and later released unharmed after he transferred $1 million CAD electronically as ransom. Toronto Police are currently investigating the incident, working to identify the individuals involved and the methods used to facilitate the ransom exchange.
- This incident highlights the unique security challenges faced by executives in the cryptocurrency sector, where the ease of digital transactions can make high-profile figures particularly vulnerable to such threats. The case emphasizes the need for heightened security awareness and measures within the industry to safeguard against potential criminal targeting.
- WonderFi has expressed relief that Skurka was safely returned and is cooperating fully with law enforcement as the investigation proceeds. The company is also conducting a review of its security protocols to protect its personnel and assets, while Toronto Police have encouraged anyone with relevant information to assist in their efforts to resolve the case.
Statistic:
- Largest automakers by market capitalization:
- 🇺🇸Tesla: $1.031T
- 🇯🇵Toyota: $226.49B
- 🇨🇳BYD: $115.74B
- 🇨🇳Xiaomi: $86.89B
- 🇮🇹Ferrari: $81.45B
- 🇺🇸General Motors: $61.11B
- 🇩🇪Porsche: $60.53B
- 🇩🇪Mercedes-Benz: $60.00B
- 🇩🇪Volkswagen: $46.59B
- 🇩🇪BMW: $44.82B
- 🇺🇸Ford: $43.59B
- 🇮🇳Mahindra & Mahindra: $42.29B
- 🇮🇳Maruti Suzuki India: $42.14B
- 🇯🇵Honda: $41.83B
- 🇮🇳Tata Motors: $39.71B
- 🇳🇱Stellantis: $38.68B
- 🇰🇷Hyundai: $36.97B
- 🇨🇳Seres Group: $28.23B
- 🇨🇳Great Wall Motors: $27.67B
- 🇰🇷Kia: $26.07B
- 🇨🇳Li Auto: $24.64B
- 🇨🇳SAIC Motor: $21.65B
- 🇯🇵Suzuki Motor: $19.87B
- 🇨🇳Geely: $19.08B
- 🇨🇳Chongqing Changan: $17.06B
Thanks for reading!
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