Dear Friend,
Elon Musk just pulled off another financial magic trick—selling $5.5 billion in X Corp. loans like they were the hottest ticket in town.
Meanwhile, China is whining to the WTO over Trump’s latest tariffs, Nissan just dodged a hostile takeover from Honda, and 401(k)s have officially taken over pensions (for better or worse).
Oh, and if you own a home, Uncle Sam is practically paying you to keep it—at least for now.
Let’s dive into this edition of the Everlasting Wealth Insider Report.
Jeremy Blossom
Editor in Chief, Everlasting Wealth
MARKET HEADLINES
📉 Skyworks stock plunged 27% as Apple reduced its reliance on the chipmaker, signaling intensified competition in the iPhone supply chain.
👜 Tapestry stock soared 16% after strong earnings from Coach boosted revenue, prompting the company to raise its full-year guidance.
🚫 DeepSeek may face a ban on U.S. government devices, as lawmakers introduce a bill over concerns about potential data sharing with China.
✈️ Honeywell announced plans to split into three companies, aiming to unlock shareholder value, though weak guidance weighed on the stock.
🚴 Peloton stock jumped 14% after beating revenue expectations and raising guidance, despite ongoing profitability challenges.
Wall Street Bets Big on Musk’s X—Because of Course They Do
Elon Musk just pulled off another financial magic trick—selling $5.5 billion in X Corp. loans at better-than-expected prices, all thanks to investors salivating over his Trump connections and AI ambitions.
Banks were originally planning to sell just $3 billion, but demand was so high they upped the ante—because who doesn’t love a little Musk-flavored risk?
X is still losing money and barely breaking even, but hey, when you have a stake in a $50 billion AI company and friends in high places, the details don’t seem to matter.
The best part? Banks that backed Musk’s controversial Twitter buyout in 2022 are now looking pretty smart, collecting fat interest payments while rivals who sat it out are left watching from the sidelines.
Bottom line: Betting against Musk is still a losing game on Wall Street.
STOCKS TO WATCH
↘️ Ford: The automaker’s shares dropped in premarket trading after warning that significant losses in its electric vehicle division could hurt profitability in 2025.
↘️ Arm: Despite reporting record quarterly sales driven by AI chip demand, the chip-design company issued guidance that disappointed investors, leading to a premarket decline.
🔎 Amazon: Investors will be closely watching the tech giant’s cloud-services performance in its earnings report due after the market closes, especially after weak results from Alphabet and Microsoft.
🔎 Eli Lilly, Bristol-Myers Squibb: Both pharmaceutical companies are set to report earnings before the bell, alongside results from Hershey and video game platform Roblox.
↗️ Strategy (formerly MicroStrategy): The company, now rebranded as Strategy, recorded its largest-ever increase in quarterly Bitcoin holdings. Despite a revenue decline, shares moved higher in premarket trading.
🔎 Fannie Mae and Freddie Mac: Scott Turner, the new head of the Department of Housing and Urban Development, announced that privatizing the mortgage-finance giants will be a key priority.
STOCK PICK OF THE WEEK
Weiss Research
Missed Out on Bitcoin? This New Crypto Could Be Even Bigger
A new coin is emerging in the crypto world.
And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.
Juan Villaverde accurately called every crypto bull and bear market since 2012.
And he recently said Bitcoin would take off starting on Nov. 5.
He even said it would hit $100,000 before the new year.
He was exactly right …
Which is why he suggest you pay close attention to what he have to say now.
Because he don’t think the biggest winner in this bull market …
Will be Bitcoin.
Instead, there’s another coin that could soar in value …
Watch the full interview to find out more.
ECONOMY
China Runs Crying to the WTO Over Trump’s Tariffs—Again
Like clockwork, China is throwing a fit over Trump’s latest tariffs, running to the World Trade Organization to complain that America putting itself first is somehow “unfair.”
The U.S. just slapped a 10% tariff on Chinese goods and ended the loophole that let cheap imports slide in duty-free.
So now Beijing is retaliating with its own tariffs on coal, oil, and farm equipment.
Oh, and just for fun, they’re launching an antitrust probe into Google—because nothing says “fair trade” like government-backed corporate sabotage!
The WTO might host some “consultations”, but let’s be real: Trump’s not backing down, and China knows it.
Time to grab the popcorn—this trade fight is just getting started.
ECONOMY HEADLINES
📉 Ford CEO warned that Trump’s proposed tariffs could devastate the U.S. auto industry, wiping out billions in profits and raising vehicle prices.
🏦 The Bank of England cut interest rates, diverging from the Fed and pushing the British pound lower against the U.S. dollar.
📉 Google scrapped diversity hiring targets as corporate America reevaluates DEI policies in response to Trump’s executive order.
📚 Trump aims to dismantle the Education Department, raising concerns over student loans and federal funding for schools.
💰 Bond investors are shifting away from cash as longer-term yields rise, making mid-duration Treasuries an attractive alternative.
BUSINESS
Nissan to Honda: We’re Not Your Sidekick!
Well, Nissan just told Honda “thanks, but no thanks” after Honda tried to turn their equal merger into a hostile takeover.
The two Japanese automakers originally planned to join forces and create the world’s third-largest car company, but Honda’s new proposal would’ve made Nissan a mere subsidiary—and Nissan wasn’t having it.
Investors seem to agree: Honda’s stock shot up, while Nissan’s tanked on the news.
Now Nissan is left scrambling to prove it can survive on its own as it struggles in the U.S. and China.
With the high costs of EVs and AI-powered cars, don’t be surprised if Nissan starts looking for a new dance partner—maybe even outside Japan.
And with Trump eyeing new Mexico tariffs, Nissan’s got even bigger problems on the horizon. Buckle up!
RETIREMENT
The 401(k) Takeover: Like It or Not, It’s Now America’s Retirement Plan
After nearly 50 years, the 401(k) has officially replaced pensions as the way Americans save for retirement.
Thanks to new federal and state laws, automatic enrollment, and tax incentives for small businesses, more workers than ever are being swept into these plans—whether they like it or not.
Sure, it’s great that half of private-sector workers are now saving, but let’s not forget: 401(k)s were never meant to replace pensions.
Unlike pensions, they put all the risk on workers, and nearly 40% of Americans still won’t have enough to retire comfortably.
So while Wall Street and big businesses celebrate this milestone, everyday Americans might want to double-check their retirement savings—and pray the stock market holds up.
Trivia
Which U.S. stock exchange handles the highest daily trading volume?
A. New York Stock Exchange (NYSE)
B. Nasdaq
C. Chicago Board Options Exchange (CBOE)
D. Boston Stock Exchange (BSE)
E. Philadelphia Stock Exchange (PHLX)
Scroll for the answer
TAXES
How Your Home Can Be Your Best Tax Shelter
Owning a home isn’t just about having a roof over your head—it’s also one of the best tax breaks Congress has ever handed out.
Between mortgage interest deductions, property tax write-offs, and home office credits, Uncle Sam is practically paying you to own a house.
And if you play your cards right, you can sell your home tax-free on up to $500,000 in profit (for married couples).
Want to go green? There are big credits for solar panels and heat pumps, though don’t be shocked if Trump and Congress start rolling those back.
Best of all? If you hold onto your house until you kick the bucket, your kids could inherit it tax-free—which might be the best loophole of them all.
Answer
Which U.S. stock exchange handles the highest daily trading volume?
B. Nasdaq
While the New York Stock Exchange (NYSE) is the largest stock exchange by market capitalization, Nasdaq consistently handles the highest daily trading volume in the U.S. market.
This is because Nasdaq is home to many of the world’s most actively traded tech stocks, such as Apple, Microsoft, Amazon, and Tesla.
Unlike the NYSE, which operates as an auction-based exchange with designated market makers, Nasdaq is an electronic exchange that enables rapid, high-frequency trading, leading to significantly higher trading volumes.
