To The Moon

Shares of Manchester United surged up to 30% in premarket trading on the acquisition news. The stock closed up 13.76% at $22.9. Sale rumor from Twitter drove $Manchester United PLC(MANU)$ shares upAccording to Qatar's Al-Watan newspaper, Sheikh Jassim, the son of the country's former prime minister, is expected to be announced as the preferred bidder for the club. The reports seem to have originated from a Twitter account in Wales with a small number of followers.The Athletic, a sports media outlet owned by The New York Times, reported that Qatari media picked up on the rumor from the Welsh Twitter account.A spokesperson for Manchester United declined to comment on the matter. Manchester United's stock has risen approximately 74% in the past year.

All eyes will be on latest US consumer and producer inflation data slated to be released tonight and tomorrow respectively, as the market gauges the extent which the Fed's monetary tightening has managed to curb rising prices, while investors brace for its rate decision at the conclusion of its FOMC meeting on Wednesday. While the market has priced in a pause in the rate hike, as the Fed is increasingly wary of tipping the economy into a deep recession amidst tightening liquidity after the fallout of a number of regional banks, I remain cautious that the Fed may surprise the market with another interest rate increase as inflation remains unacceptably high, much higher than the 2% target. Nevertheless, I’m hopeful that there will be a pause in rate tightening cycle, giving the high-tech ind