US key job report blows past expectations (2 min read)

The US added 336,000 jobs in September, exceeding the expected 170,000. This much stronger-than-anticipated surge in jobs fueled concerns about prolonged higher interest rates, sending bond yields to a new 16-year high. This strong job report defying labor market slowdown is crucial data for the Fed as it evaluates inflation controls and potential rate adjustments. 

Canadian jobs tripled in September (2 min read)

Similar to the jump in US jobs, Canada also tripled in September, adding 63,800 jobs, exceeding the expectation of 20,000, while the unemployment rate remained steady at 5.5%. The unexpected increase was mostly led by the surge in jobs in the education sector. Despite the impressive figures, economists still suggested that the Canadian labor market hasn't significantly tightened, emphasizing the impact of rapid population growth.

Tesla cuts Model 3 and Model Y prices in the U.S. after car deliveries fall (1 min read)

Tesla reduced the prices of Model 3 and Model Y versions in the US following lower-than-expected Q3 deliveries. The starting price for the Model 3 is now $38,990, down from $40,240, with similar cuts for Model Y. This move is part of Tesla's strategy to stimulate demand and increase volume. Despite the multiple price cuts and fewer deliveries than expected, Tesla's shares still saw a significant increase of over 100% this year.

Google Rejects Trudeau’s Olive Branch, Threatens News Link Block Over New Law (2 min read)

Google has rejected the Canadian government’s news regulation proposal, moving closer to blocking Canadians from viewing Canadian news links on its search engine. The regulations proposed a minimum payment of 4% of annual revenue to news outlets to carry links to news articles, with Google estimated to pay about $126 million annually under this model. Meta, which is under this new regulation as well, had also dismissed the proposal last month.

Turkey ETF (TUR) Hits New 52-Week High (1 min read)

The iShares MSCI Turkey ETF (TUR) has reached a 52-week high, up 66.64% from its low. TUR, which tracks Turkey’s broader equity market performance, saw a huge upward momentum following a 30% rate hike by the Turkish central bank in Q3. S&P Global Ratings also upgraded Turkey's outlook from "negative" to "stable" in response to its efforts to stabilize the economy, exchange rate, and financial situation.

Citigroup Says as Many as 50% of All ETFs Lose Money for Their Issuers (2 min read)

Approximately one-third to half of the more than 3,300 US-listed ETFs are likely unable to cover their annual operating costs, according to Citigroup. The ongoing fee war in the ETF industry has led to expense ratios dropping, benefiting investors but causing difficulties for issuers. To counter potential losses from low-fee products, some issuers turn to launching higher-fee offerings, such as thematic or actively managed ETFs.

What are zero-day options? (2 min read)

Zero-day expiration options are contracts that expire on the same day they are traded. It's a high-reward, high-risk strategy because they have very little time value and are highly sensitive to price movements. Some traders use them to speculate on short-term events or volatility, but they can also lose a lot of money if the market goes against them.

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Thomas

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