According to the Wall Street Journal: Meta (META.O) will start encrypting messages on Facebook and Instagram.

According to BNO News: A Guyanese military helicopter with seven people on board has disappeared in a disputed area with Venezuela, and search and rescue operations are ongoing.

USD/JPY fell to 147, down 0.21% on the day.

According to the Financial Times: KPMG plans to merge its UK and Swiss operations.

Japan bought -560.2 billion yen in foreign stocks in the week to December 1, compared with -209.8 billion yen in the previous period.

Japan purchased 64.5 billion yen of foreign bonds in the week to December 1, compared with the previous value of -84.5 billion yen.

[Valuation rises to $175 billion, SpaceX reportedly considering new round of internal stock transactions] Musk’s SpaceX has begun discussions about another round of internal stock sales, which would bring the company’s valuation to $175 billion, according to people familiar with the matter. The dollar is even higher, surpassing the $150 billion valuation it achieved in a round of insider stock sales this summer. The company is discussing selling $500 million to $750 million worth of insider stock at about $95 a share, said some people familiar with the matter who asked not to be named.

Market news: SpaceX share purchase offer values the company at more than $175 billion.

Apple (AAPL.O) Vice President Steve Hotelling, who invented the iPhone screen and Touch ID, is retiring from the company.

Chevron (CVX.N) announced a $16 billion capital spending budget for 2024.

Google A (GOOGL.O): In January 2024, Google will update its cryptocurrency and related product policies.

Macquarie Group: Global economic growth is expected to face greater challenges in 2024.

The statement showed: Israel’s security cabinet approved a minimum increase in fuel entering Gaza to prevent a humanitarian collapse.

U.S. Treasury Secretary Yellen: The bond market’s expectations of the Fed’s actions can be a useful supplement to monetary policy if participants are “thoughtful” when reading the data.

U.S. Treasury Secretary Yellen: It is difficult to separate expectations for fiscal and monetary paths from other factors affecting the term premium of Treasury bonds.

U.S. Treasury Secretary Yellen: It’s unclear what role increased fiscal (treasury bond issuance) supply has played in the recent rise in long-term interest rates.

U.S. Treasury Secretary Yellen: The Federal Reserve hopes to create financial conditions consistent with lowering inflation, and market conditions are driving this.