First on the list, Bitcoin is up 5% as the President of El Salvador pledges to buy one a day in response to FTX’s collapse. Justin Sin, founder of Tron, responded saying he would also be doing the same. It seems they think a bitcoin a day will keep the market at bay!
Up next, Amazon is planning to cut 10,000 jobs. This comes as thousands of jobs are being shed across the tech industry. Amazon’s share price has fallen more than 40% this year as it grapples with a slowdown in online sales.
And our top story is Jeremy Hunt’s Autumn statement. Some key takeaways are that the top tax bracket is being lowered from £150k to just over £125k. Capital gains tax allowance is being cut from £12,300 to £6,000 and dividend income allowance will be cut by 50%.
For more details on the Autumn statement, check out our Instagram post where we give you the full rundown.
As with all investing, your capital is at risk.
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