Top 3 latest financial news

 Hi guys welcome to yyblogs, hope you have enjoyed the diwali, so after enjoying diwali let's get ready for Yyblogs new blog. As you know by title we are tell you some financial news as many of you are investers of assets like stocks, gold, cryptocurrency, etc. So without wasting any time let's get started.















1. Is musk going to sell stock of Tesla ?

Present CEO of Tesla and world's richest man Elon Musk has make a announcement on Twitter Saturday. If he should sell 10% of stock of Tesla. Jeff Bezos had previously said that he could face a ' massive ' tax bill this year as he has to exercise a large number of stock options coming due next year. Elon Musk replied
, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock," 

















2. What will be next generation of Cryptocurrency ?

A Shiba Inu token holder who invested thousands of dollars in the memecoin in February has partially cashed out to become a stay-at-home dad.

According to a Thursday report from Fortune, a 35-year-old supermarket warehouse manager identified only as Rob invested $8,000 into Shiba Inu (SHIB) when the price was roughly $0.0000001 — giving him an allocation of 800 billion tokens. In May, when the token price surged significantly to reach a then all-time high of more than $0.00035, Rob cashed out part of his holdings to deposit $500,000 into his bank account.

















3. China forex reserves rise in Oct

China's foreign exchange reserves in October rose on a monthly basis for the first time since July, official data showed on Sunday, as the dollar slipped against a basket of other major currencies.

China's reserves, the world's largest, reached $3.218 trillion at the end of October, up 0.53% from a month earlier, according to data from the State Administration of Foreign Exchange (SAFE).

That was higher than the $3.197 trillion forecast in a Reuters poll of analysts and up from $3.128 trillion in October 2020.
















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