Truss Quits, Twitter Cuts Job? | Catch My Job


Traders at NISE, October 20, 2022.

Source: NISE

Here are the top news investors need to start the trading day:

1. Weak end?

The good news: Stocks are on pace to have their best week since the start of last month. Bad news: US markets are on a two-day losing streak, and things weren’t looking so great before Friday. After a promising start to the week, when stocks were boosted by relatively strong earnings reports from major banks and others, bond yields jumped, sending stocks lower. On Thursday, the 10-year Treasury yield hit 4.239% for the first time in 14 years. Yields on the 2-year and 30-year also hit levels not seen in more than a decade. Read live market updates here.

More details: An often overlooked economic measure signals serious trouble

2. Cracked again

Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technologie conference dedicated to innovation and startups, at the Porte de Versailles Exhibition Center in Paris, France on June 17, 2022.

Benoit Tessier | Reuters

3. More twists in the Twitter saga

In this photo illustration, an image of Elon Musk is displayed on a computer screen and the Twitter logo on a mobile phone in Ankara, Turkey, on October 6, 2022.

Muhammed Selim Korkutata | Anadolu Agency | Getty Images

4. Ukraine is pressing

Ukrainian President Volodymyr Zelensky visits the Wall of Remembrance of Fallen Defenders of Ukraine, amid Russia’s attack on Ukraine, during the commemoration of Defenders of Ukraine Day in Kyiv, Ukraine, on October 14, 2022.

Press service of the Ukrainian president Reuters

Ukrainian forces have continued to occupy territory in the Kherson National Region, while Russian forces are withdrawing and evacuating the area. The Ukrainian government has accused the Russians of forcibly removing Ukrainians, but the Kremlin has denied this. Volodymyr Zelenskyi, Ukraine’s president, also warned that Russia could attack the Kherson hydroelectric dam. His comments come as Ukraine tries to repair its electricity infrastructure after a wave of Russian missile and drone attacks on city centers and other important hubs. Read live war news here.

5. Who’s next?

British Prime Minister Liz Truss announces her resignation outside 10 Downing Street, London, Britain on October 20, 2022.

Henry Nicholls | Reuters


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