HomeBusiness5 things to know before the stock market opens Friday, November 25

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

Michael Nagle | Bloomberg | Getty Images

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

1. Short day for stocks

2. Black Friday stakes

3. Zelenskyy urges unity

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

Ukrainian Presidential Press Service | Reuters

4. Musk’s latest Twitter tweak

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

Mike Blake | Reuters

Elon Musk is going to throw some more spaghetti at the wall at Twitter HQ. The billionaire electric car and rocket ship mogul said Friday his social network will roll out a series of different-colored verified check marks next week. “Gold check for companies, grey check for government, blue for individuals (celebrity or not) and all verified accounts will be manually authenticated before check activates,” he wrote on Twitter, adding: “Painful, but necessary.” Musk said more details will be coming next week. The latest change comes after he was forced to pause the $8 per month Twitter Blue service, after many users impersonated brands and celebrities.

5. Binance flexes

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

Ben Mcshane | Sportsfile | Getty Images

Crypto exchange Binance said it opened a $1 billion recovery fund for the industry as it reels from the bankruptcy of FTX and the widening scandal surrounding founder Sam Bankman-Fried. Binance, run by CEO Changpeng Zhao, said the fund is intended to help firms which “through no fault of their own, are facing significant, short term, financial difficulties.” About 150 companies have already applied for help from the fund, said Binance, which added that it may boost the money available to $2 billion, “if the need arises.”

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

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