The Houston Astros beat the Los Angeles Dodgers in the seventh game of the World Series. It is Houston’s first title.
Russian ads on Facebook where highly targeted. According to The Wall Street Journal:
Russian operatives targeted users on Facebook by race, political preference, religion and interests such as gun ownership, according to troves of data released by lawmakers as part of a probe into Russian manipulation on social media around the U.S. election
After posting weak earnings, Tesla Inc. (NASDAQ: TSLA) made the case that delays in its Model 3 production were not so bad. The company’s management wrote:
Model 3 represents a significant milestone in the coming of age of electric vehicles. We aspire to transform other segments of the automotive market in the future. At the unveiling of the Tesla Semi on November 16, 2017, we will demonstrate just how compelling electric drive will be for the global trucking industry. We look forward to showing you something truly incredible
As it posted outstanding numbers for the latest quarter, Facebook Inc. (NASDAQ: FB) management said future earnings may be hurt by its effort to cut abuse among advertisers. Facebook plans to hire thousands of workers to support the effort.
Jerome Power will become the next Federal Reserve chief. According to Bloomberg, his tenure may not be easy:
Jerome Powell, said to be President Donald Trump’s pick to be the next Federal Reserve chairman, is set to take the reins of the world’s most important central bank at a time when the U.S. economy is on a roll.
Growth is accelerating, inflation is tame and unemployment is the lowest in 16 years. Such a backdrop should initially enable a new Fed chairman to keep gradually raising interest rates from historic lows with the aim of stretching out what is already the third-longest U.S. upswing.
The value of bitcoin moved about $7,000, another record.