Beyoncé has propelled herself into the highest Grammy echelon: The star singer claimed a leading nine nominations Tuesday, making her tied with her husband Jay-Z as the most nominated music act in the history of the awards show.

Beyoncés Break My Soul reeled in record and song of the year nominations, while Renaissance which ventured into the world of dancehall music netted an album of the year nod. With Jay-Z also earning five nods this year, each spouse now holds the record for the most-ever Grammy nominations at 88 apiece.

Kendrick Lamar came away with the second-most nominations, with eight. Adele and Brandi Carlile both received seven nods. Harry Styles, Mary J. Blige, Future, DJ Khaled, The-Dream and mastering engineer Randy Merrill each picked up six.

Nearly half of this years leading nominees announced by the likes of Olivia Rodrigo, John Legend, Machine Gun Kelly and Smokey Robinson are women and more than half are people of color, according to the recording academy. The ceremony will be held Feb. 5 in Los Angeles.

This makes me feel very proud, but it makes me conscious of the fact that we have to maintain the work we have done, said Harvey Mason jr., the Recording Academys CEO. He said there have been strides in the peer-driven voting system and increased membership, but he still believes more progress can be made.

This year, Im pleased with the result and work the voters did, he continued. We have almost 13,000 voters now. Its really important work. Im pleased to think they spent the time listening to the music and evaluating. I think you see by the type of nominations that they are not only going for just popular music or music that has a lot of streams. Its just music of high quality.

The academy added a special song for social change and five new categories including songwriter of the year, which Harvey says will further help diversify the 65th edition of the annual awards.

The non-classical songwriter category will recognize one individual who was the most prolific non-performing and non-producing songwriter for a body of new work during an eligibility year. It will take a different approach than song of the year, which awards the songwriters who wrote the lyrics or melodies to one song.

Harvey said implementing the songwriters category is a significant step forward for the music industry. Last year, a rule update allowed that any songwriter, producer, engineer or featured artist on a work nominated for album of the year could ultimately earn a nomination.

The academy and voters are placing a high importance on the craft of songwriting, Harvey said of the new category, in which nominees include The-Dream, Amy Allen, Nija Charles, Tobias Jesso Jr. and Laura Veltz. Personally, as a songwriter, Im happy to see it being a significant part of our process. We realize that songwriting is at the heart of our industry. Its one of the building blocks for every artists career.

Beyoncé, the most decorated woman in Grammy history with 28 wins, could break the late Hungarian-British conductor Georg Soltis record for most awards won if she wins four awards. Solti, who has 31 Grammys, has held on to the record since 1997.

For the first time in Beyoncés lauded career, she was nominated in the dance category. Her seventh studio project Renaissance is up for best dance-electronic music album and Break My Soul is nominated for best dance-electronic recording. Other nominations include best R&B song for Cuff It, R&B performance for Virgos Groove, traditional R&B performance for Plastic Off the Sofa and song written for visual media for Be Alive, the Oscar-nominated song from the King Richard soundtrack.

Merrill grabbed two nominations in the record of the year category for the second straight year for his work on Adeles Easy on Me and Styles As It Was. Its also his first time being nominated three times in the same year for album of the year.

Other album of the year nominees include: Adeles 30, ABBAs Voyage, Bad Bunnys Un Verano Sin Ti, Mary J. Bliges Good Morning Gorgeous (Deluxe), Carliles In These Silent Days, Coldplays Music of the Spheres, Lamars Mr. Morale & the Big Steppers, Lizzos Special and Styles Harrys House.

Tracks competing with Break My Soul for record of the year include Styles As It Was, Doja Cats Woman, Adeles Easy On Me, ABBAs Dont Shut Me Down, Bliges Good Morning Gorgeous, Steve Lacys Bad Habit, Lamars The Heart Part 5, Lizzos About Damn Time and Carliles You and Me On the Rock featuring Lucius.

Three of Jay-Zs nominations came through DJ Khaleds God Did, a song featuring Rick Ross, Lil Wayne, John Legend and Fridayy. The track is up for best rap performance and rap song along with song of the year, which also has Jay-Z nominated for his writing efforts on Beyoncés Break My Soul. The rapper also received a nod for album of the year for his work on his wifes Renaissance album.

Young Thug and Gunna both received nominations despite being currently locked up in a racketeering criminal case. The rappers are up for best rap song and rap performance through Gunnas pushin P, featuring Thug and Future.

Christina Aguileras comeback to Latin music with her self-titled album earned her two nominations for best Latin pop album and immersive audio album.

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Eric Frohnhoefer, a senior engineer at Twitter, didnt just get fired the normal way at a company that has cut 50% of its staff over the past few weeks. He got fired via a tweet by Elon Musk himself. 

Frohnhoefer tangled with Musk in a thread about the Twitter application on Android, which Frohnhoefer worked on while at the company, according to Bloomberg. Musk tweeted on Nov. 13 that the reason Twitter was slow in so many countries was because the application was 1,000 poorly batched RPCs, or remote procedure calls. 

I have spent ~6yrs working on Twitter for Android and can say this is wrong, Frohnhoefer responded.

https://twitter.com/EricFrohnhoefer/status/1591902285403418624

Their exchange continued on a thread when another user chimed in, asking Frohnhoefer why he didnt take his feedback to Musk privately. To that, Frohnhoefer responded in a tweet saying, maybe he should ask questions privately. Maybe use Slack or email. 

After more back and forth, Musk wrote Hes fired in a now-deleted Tweet.  Within hours, Frohnhoefer couldnt access his company laptop anymore, and just like that, his eight-year career at the social media giant was over.

Theyre all a bunch of cowards, he told Forbes about Twitters communication after explaining he had received no formal word from the company beyond the tweet.

No one trusts anyone within the company anymore, he told the outlet. How can you function? Employees dont trust the new management. Management doesnt trust the employees. How do you think youre supposed to get anything done?

Frohnhoefer isnt the first or only employee to be fired for being critical of Musk on the very platform that he has taken over. Ben Leib, another engineer at the company, replied to the same Musk tweet on Sunday that Frohnhoefer did. 

As the former tech lead for timelines infrastructure at Twitter, I can confidently say that this man has no idea wtf hes talking about, Leib wrote. He was fired the same day, he confirmed to Bloomberg.

If the public forum was off bounds to criticize their boss, Twitters internal communication platforms might not be entirely safe either. Several employees who discussed their opinions of Twitter using an internal Slack channel were reportedly fired overnight Tuesday for their recent behavior, according to Platformer reporter Casey Newton.  

Frohnhoefer and Leib did not respond to Fortunes request for comment.

Twitter did not immediately respond to Fortunes request for comment.

Musk closed on his deal to buy Twitter for $44 billion on Oct. 27. In the handful of weeks that have followed, the company has become unrecognizable in some ways, laying off nearly half of its employees, including the senior leadership. Some people who were fired in the first round of layoffs have since been asked to return to work.

In a seemingly sarcastic tone, last week Musk tweeted: I love when people complain about Twitter on Twitter.

On Tuesday, Musk responded to a Tweet about reports that he had fired employees critical of him on Twitter and the company Slack. 

I would like to apologize for firing these geniuses. Their immense talent will no doubt be of great use elsewhere.

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Even the crypto industrys leaders are cautioning investors against buying the dip.

With cryptocurrency prices so low, it might seem like a good time for first-time buyers to invest, after industry figureheads like Microstrategys Michael Saylor and Teslas Elon Musk popularized the buy the dip crypto trend this year.

But the market is going through unprecedented turbulence right now after last weeks sudden implosion of FTXone of the largest crypto exchangesand the fall from grace of its founder and ex-CEO Sam Bankman-Fried, a former hero to crypto insiders. Combined with a crypto winter that has dragged down cryptocurrency prices since last spring, the market is rife with uncertainty and low consumer confidence. 

Because of this, first-time investors without abundant disposable income and who are unprepared to lose money should steer well clear of crypto at the moment. At least, thats the advice of one of the sectors most powerful remaining players.

You should not invest in crypto if youre using money that you need for next week or next month, you should only be using discretionary cash that you dont need for a long time, Changpeng Zhao, CEO of Binance, the largest cryptocurrency exchange, said in an Ask Me Anything session broadcasted live on Twitter Monday.

Zhao warned that, after the FTX collapse and plummeting confidence in crypto, the market is in a period of high volatility and unpredictableness that makes it particularly unfavorable for inexperienced investors or those without ample funds.

Unless youre very experienced, very mature, very confident, and can handle the risk, I would recommend most people just hold for this period of time, he said.

Crypto chaos

The spectacular FTX collapse has sparked a reckoning in the crypto world. Last week, investors withdrew over $6 billion in Bitcoin and Etherthe two most popular cryptocurrenciesfrom exchanges following the meltdown, according to blockchain analytics firm CryptoQuant. And to top it off, between $1 billion and $2 billion in funds stored with FTX went missing over the weekend, Reuters reported, an intrusion that may have been the result of a hack.

The FTX collapse is the latest in a series of high-profile crypto failures this year that also included lending platforms Celsius and Voyager Digital. Overall, the crypto industry has shed over $2 trillion in value since the cryptocurrency market cap hit an all-time high in November 2021.

Cryptos dire straits have emboldened long-time skeptics to vent their frustration with the technology, including top U.S. financial regulation advocate Dennis Kelleher and Berkshire Hathaway vice chairman Charlie MungerWarren Buffetts right-hand man who has previously compared cryptocurrency to a venereal disease. Critics like Kelleher and Munger have advised against investing in crypto for years, citing its volatility, speculative nature, and opaque tendencies of crypto companies.

During his AMA, Zhao also attempted to distance Binance from the accusations of mishandled customer funds that have reportedly made FTX the subject of federal investigations by the Department of Justice and the Securities and Exchange Commission. He said that users should continue trusting Binance as the company would never take user assets and give it to a third party, as FTX and Mr. Bankman-Fried have been accused of doing.

We dont have loans. We dont have debt. We dont owe anybody any money. We also did not give loans out of the platform, Zhao said. 

Lets rebuild

Despite the downturn, Zhao insisted last week that the crypto market can still heal itself, especially with the help of more regulation, a view shared by several other industry leaders. 

On Monday, Zhao announced on Twitter a new industry recovery fund at Binance that would help finance and support promising crypto-related projects that are facing liquidity issues or have been otherwise affected by the ripple effects of the FTX collapse. Crypto is not going away. We are still here. Lets rebuild, he wrote.

Last week, Zhao and Binance nearly bailed out FTX as it teetered by offering to buy the company. But after examining the companys books and finding financial problems, Binance retracted its proposal. Bankman-Fried later said he assumed Zhao and Binance had never really planned on buying FTX, according to a New York Times report published on Monday.

I shouldnt throw stones in a glass house, so Ill hold back a bit, Bankman-Fried reportedly wrote in a message to employees reported by the Times. Except to say: probably they never really planned to go through with the deal.

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Its easy to shrug off a bit of numbness in your hand or losing your footing here and there. Unfortunately, as actor Christina Applegate learned in 2021, those usually not-so-worrisome symptoms can sometimes be a sign of something more serious. Applegate was diagnosed with multiple sclerosis (MS) during filming of the thirdand what was already to be the final seasonof the Netflix show Dead to Me.

Though MS was first defined by a neurologist in 1868, the medical community still doesnt know what causes it. The disease impacts the central nervous systemthe brain, spinal cord and optic nerves. Think of it as the wiring that runs through bodies and drives movement, thought, mood and, basically, everything a person thinks or does throughout their day. Those hits on the nervous system can lead to symptoms both short-term and long-lasting. Each attack on the nervous system leaves behind lesions that, together, tell the story of MS in a persons body. One isolated symptom doesnt tell the story of MS. It takes multiple lesions to lead to a diagnosis.

Michelle Tolson understands how overwhelming the words you have multiple sclerosis can be. A dance educator and former Radio City Rockette, Tolson was diagnosed in 2014 when she was 40. She had a blurry left eye so decided to see her doctor. I thought I had to up my prescription for my reading glasses. It was kind of weird. I equate it to like a disco ball glare, says Tolson.

Tolsons doctor said her eyes were fine but when the condition persisted, sent her to a specialist. He sent her for an MRI to see if, perhaps, her optic nerve was inflamed. At 5pm on the following Friday, Tolson was about to go into a bridal shower when she got the call. It was possible I had MS because they found lesions, she was old.

And those lesions made it clear that Tolson may have had MS for a decade. But, she says, many of her symptoms were masked as things that dancers go through or that happen as a person ages.

MS symptoms arent just specific to that condition. If you have some numbness and tingling sensation, maybe in your hands, maybe in your arms or legs or in your face, its more of just a nuisance. Maybe its those new yoga poses Ive been trying. Maybe its that new office chair Ive been sitting in thats causing that tingling sensation going down my leg, says Julie Fiol, registered nurse and associate vice president of clinical innovation and strategy for the National MS Society.

Other common symptoms include depression, cognitive changes, fatigue, difficulty walking, muscle spasms, vision problems, dizziness, weakness, pain and itching, mood changes, and bowel issues.

The timeline between a symptom and diagnosis can vary widely. The fastest route to diagnosis is by MRI but it requires a doctor believing that a persons symptoms may add up to something more than everyday complaints. With research coming out in recent years of how women and people of color are often ignored by doctors, thats a big problem when it comes to diagnosing MS. For every one man diagnosed with the disease, three women have to learn to live with it. And, though Fiol says the medical community wrongly thought it primarily impacted white people, its now clear that it presents equally in white and Black populations.

Theres a lot of writing off of symptoms. The hysterical woman. Is this hormonal? You just cant handle the stress of being a new mom or the stress of your career, says Fiol. People feeling like they just werent being seen.

Tolson was lucky on that front. Her doctors acted quickly. But the initial diagnosis hit her with great sadness because MS used to almost always be I was going to be in a wheelchair before I knew it. Thats the way MS used to look. And as a professional dancer and educator, I thought that I was going to lose everything I had worked for my whole life.

As she learned, MS has more than one face, and research and treatments have progressed far beyond what she knew of the disease.

How does MS progress?

Because there are four different kinds of MSeach with its own level of flare-ups and progressiontheres no single path for people diagnosed with the disease. And the faster people are diagnosed, the better the chance that medical intervention can help stave off the progression.

Each has different levels of disability, says Nicole Lemelle, a writer and MS patient advocate who was diagnosed with the disease in 2000 when she was 25 years old. But the majority of people with MS have a disability or symptoms that are not obvious and never reach the advanced level.

No matter how the disease presents, Lemelle says its essential that all people with MS take control of their own care. Dont allow the neurologist to make the decisions for you. Do your homework and go to each appointment with questions. And expect answers. If you are not satisfied with the treatment you are receiving, find another doctor. You may have to go through a few before you locate a suitable match.

Like Tolson, Lemelle was diagnosed after having vision problems. Her symptoms remained relatively minor for years, mainly fatigue and a slight limp. But at the nine-year-mark, she went through an intense flare-up that put her in the hospital. I had to learn how to eat, talk, and walk. When I finally made it back home, I was still wheelchair bound. I have still never recovered my ability to walk.

Now an advocate for other people living with MS, Lemelle also writes a blog to help the loved ones of MS patients understand what theyre going through. MS can be a lonely and isolating disease, she says. But with the attention that Christina Applegate and advocates like Lemelle and Tolson are bringing to the disease, hopefully people can get diagnosed and build their support system much faster.

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Elon Musks on-again, off-again quest to acquire Twitter has already cost Tesla shareholders a fortune this year, but the pain wont stop there.

His chaotic reign over the social media platform has soured investor demand for Tesla stock so thoroughly that Morgan Stanley fears it could wipe another quarter off its value in the coming weeks.

In a research note published by the investment bank on Monday, veteran auto industry analyst Adam Jonas warned Musks management style could deter consumers from buying his cars and predicted price cuts for its key domestic market.

Tesla shares are currently in the throes of bearish sentiment momentum, wrote the longtime Tesla bull, predicting Tesla could test his $150 bear case price target before the year is out.

Musk has dumped billions of dollars worth of Tesla stock on an unsuspecting market in an attempt to finance the deal, most recently at the start of this month. 

In a sign that investors may be losing patience, the stock sold off last Wednesday, closing down 7.2%.

Bulls had been hoping the company would confirm this week the dramatic underperformance was mainly due to Musk selling more shares, but they were disappointed.

Having spoken to a number of investors, Jonas believes confidence in Musks leadership at Tesla has been tested due to the non-stop drama at Twitter, with both consumers and business partners potentially turning their backs on the EV industry leader amid the controversy.

We would prepare for price cuts [in China] to follow in Europe as Giga Berlin begins to surpass production of 5,000 units per week, he continued. And we would expect U.S. price cuts to be initiated sometime in the first half of 2023.

Tesla has been rapidly expanding its production footprint in the course of this year, opening two new plants in Texas and Germany in addition to installing fresh new capacity at its largest factory, GigaShanghai.

These expansions have helped reduce long lead times for delivery, but now they may be so low, there is the risk that Tesla suffers from excess capacity.

Weakness an opportunity

U.S. customers ordering a custom-built Tesla Model 3 sedan or Model Y Performance crossover today will get theirs delivered before December is out, according to the carmakers Design Studio. 

With the time it takes to incorporate an order into its production plans and the subsequent delivery time, this suggests Teslas order book cushion in the U.S. may nearly be exhausted. 

If Tesla was starting to see demand slide enough that new billings fell short of outgoing deliveries, it could choose to cut prices just as it has done in China last month. This would mean it may have to sacrifice its industry-leading automotive gross margins of near 30%. 

Thats because a major reason for its high profitability is its efficiency.

Roughly 90% of Teslas auto sales come from one architecture shared by both the Model 3 and its closely related Y sibling that boasts many of the same parts.

This makes Tesla uniqueno major carmaker apart from Tesla is so thoroughly dependent of two nearly identical models. Most seek to plaster the market with offerings in all core segments and body styles. This results in higher complexity and lower returns.

Morgan Stanleys Jonas, who maintained his outperform rating on the stock, has had a difficult past few weeks. Already twice he was forced to cut his base case price target last month: first from $383 down to $350 and then once more to its present $330.

Nevertheless he recommended Tesla bulls use any weakness to add to their position.

Any resulting weakness in Tesla shares could create an opportunity for investors, he wrote.

Shares in Tesla were trading up 4.7% to $200 on Tuesday as the market rallied on lower-than-expected factory gate inflation figures.

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When crypto exchange FTX filed for bankruptcy last week it said it owed money to about 100,000 creditors. A Tuesday filing puts that number at more than 1 million.

Lawyers for the company said in the filing that the case is complex and involves more than one hundred debtor entities on the FTX side and a million-plus creditorsmostly FTX customers.

While bankruptcy code usually would require FTX and its associated companies to file a list of the top 20 creditors for each debtor entity, such as FTX, FTX US, and Alameda Research, its lawyers have requested permission to file a consolidated list of the top 50 people and organizations owed because the companies have so much overlap. If the request is approved, the company plans to file a top 50 list by Friday.

Compiling separate creditor lists for each individual Debtor would consume an excessive amount of the Debtors limited time and resources at this critical time, the filing read.

In the wake of FTXs bankruptcy announcement, lawyers for the company also said theyve been in contact with dozens of regulators, including the Securities and Exchange Commission, the Commodity Futures Trading Commission, and other federal, state, and international agencies.

There is substantial interest in these events among regulatory authorities around the world, the filing read.

Last week, FTX founder and CEO Sam Bankman-Fried stepped down and the company appointed as CEO John J. Ray III, whos helped creditors recover funds from troubled firms including Enron. Its a role he hopes to reprise as chief executive of the 100-plus FTX-associated entities.

FTXs bankruptcy comes after two other crypto companies, Celsius and Voyager Digital, filed for bankruptcy earlier this year, likely dragging their customers into lengthy processes as they seek repayment. In the Celsius case customers were designated as unsecured creditors while in the Voyager case they were impaired claimants. Neither designation guarantees customers will get their money back soon, if at all.

After a week-long saga in which FTX faced a liquidity crunch, the company thought it had found salvation in being acquired by rival crypto exchange Binance. But after CEO Changpeng CZ Zhao initially agreed to buy FTX, CZ stepped away from the deal, saying FTXs issues are beyond our control or ability to help.

The SEC and the Justice Department are now circling as some have accused SBF of mishandling FTX customer funds. Bankman-Fried has denied the allegations.

As noted by FTXs lawyers in the Tuesday filing: The events that have befallen FTX over the past week are unprecedented.

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The collapse of FTX is likely to impact hundreds of thousands of investors, many of whom are Gen Z. And Ken Griffin, founder and CEO of the Citadel hedge fund, says hes worried the ripple effects could put generations off of investing for some time.

FTX is one of these absolute travesties in the history of financial markets, Griffin said at the Bloomberg New Economy Forum in Singapore on Tuesday. People are going to lose billions of dollars and that undermines trust in all financial markets.

That lost confidence in the financial system could put a generation at risk of not having enough put aside for retirementand could, presumably, impact the recovery from the recent market drops.

Because they were burned by heavy investments in crypto, Griffin theorized, younger people could be wary of traditional investments like stocks, bond and debt. And that hesitation is where the trouble could lie.

The bottom line is, American investors have really gotten hurt here to the tune of hundreds of billions of dollars in decline in market cap and crypto over the last two years, he said. I mean, that really strikes at the entire core essence of whats investor protection all about.

Griffin also lashed out at government regulators for their turf war over the crypto markets, saying unnamed agencies dance around who owns what and who.

Whether its continued investment in Bitcoin and other large cryptos or in more traditional vehicles, Griffin said the key thing at this point is regaining investor trust.

The confidence of a generation in financial markets has been shaken, he said Thats really awful because the 20-something-year-olds to 40-year-olds who are so engaged in crypto, theyve got to save for their retirement and if they dont believe or trust in financial markets, this is a huge problem. They need to own stock. They need to partake in our global capital market.

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  1. Yuga Labs wants to see more NFTs in museums. Its donating a CryptoPunk to a Miami museum to kick it off
  2. Berkshire Hathaway's Charlie Munger dunks on crypto once again, saying its good for kidnappers and not a real asset
  3. Meet the teacher and real estate investor who has a net worth of more than $500,000
  4. Update: The home price correction in Americas 400 largest housing markets, as told by one interactive map
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