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Today's Summary

The share of USD-denominated assets held by other central banks held by the US dropped to 56.9% of total foreign exchange reserves in Q3, the lowest since 1994. Condo prices have already dropped by 12% to 30% in 28 bigger markets. Dr Pepper buys Peets Coffee for $18 billion; will split into separate coffee and cold drink sellers. Big chain stores tend to drive mom-and-pop shops out of business when they come to town. Bitcoin faces record institutional demand and macroeconomic uncertainty. Ongoing global instability drives investors to seek traditional safe-haven assets like gold and silver. Platinum production has dropped to multi-year lows, leading to tight market conditions. High electricity prices are driven mainly by volatile natural gas costs, not by utility ownership.