A teenage crypto trader’s attempt to profit from a meme coin rug pull backfired when the community’s response pushed the token’s market capitalization to $80 million.

The trader created the QUANT token (Gen Z Quant) on Pump.fun during a livestream on Wednesday and executed a rug pull. He sold 51 million tokens for 128 SOL (approximately $30,000) and made off around $29,600, according to blockchain analytics firm Lookonchain.

A kid created a coin $Quant while live-streaming and sold all of it for 128 $SOL($30K), making a profit of $29.6K!

The 51M $Quant he sold is now worth $4M!

He then created $lucy and $sorry, selling all of them for another profit of 103 $SOL($24K)!

Address:… pic.twitter.com/TYbS6psUYp

— Lookonchain (@lookonchain) November 20, 2024

Rather than collapse, QUANT’s price movement turned bullish. In the last six hours, the token’s value shot up over 900% as crypto community members deliberately invested in the project, data from DEX Screener shows.

At peak prices, the trader’s initial token sale would have been worth over $4 million.

After QUANT, the kid trader launched two additional tokens, LUCY and SORRY, and again pulled a rug, generating 103 SOL (about $24,000) in profits.

Following his rug pulls, crypto community members tracked down and exposed the teenager’s personal information, including his name, address, and school details across social media platforms.

Gen Z kid rugged a token live on video, on his pumpfun called $Quant. We ran into him months ago and tried to support him on his journey in crypto. Turns out he’s a little douchebag. The community is now mooning this to teach him a lesson.
Remember this kid @JackPottTrades… pic.twitter.com/tdwoSZ7ocv

— K1dCrypt0 (@K1d_Crypt0) November 20, 2024

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Jaguar has infuriated car fans on social media with a radical new redesign that has been described as ‘woke’ and ‘unhinged’.

The car firm, which is almost 100 years old, unveiled a bold rebrand yesterday worked on by a team of 800 that has ditched most of its classic iconography, including the ‘growler’ badge depicting a roaring big cat.

In an advertisement that featured precisely no cars and a techno music soundtrack, the firm said it would ‘create exuberant’, ‘live vivid’, ‘delete ordinary’ and ‘break moulds’ – but so far all it has done is stoke fury from its traditional audience.

The firm’s managing director has admitted that those likely angered by the rebrand are no longer the target market – as it seeks to attract a new, younger audience with an all-electric range of brand new models.

And with the unveiling of a concept car that is meant to sum up its new approach to car design just two weeks away, it is likely in line for further backlash.

As Jaguar revealed the new look yesterday, it knew it was set for a violent reaction. Car fans have reacted angrily to a rebrand that they say lacks claws – branding it ‘woke‘ and ‘unhinged’.

‘Congratulations,’ weighed in one commenter on Jaguar’s Instagram. ‘You’ve killed a British icon.’ 

In return, the firm has responded in kind with replies ranging from the cryptic to downright saccharine, suggesting it simply doesn’t care – as its boss admitted to This is Money the firm expects only 15 per cent of buyers to be existing customers.

With 20 million views of the announcement on X, formerly Twitter, alone, Jaguar PR bosses will be arguing there such no such thing as bad publicity. 

The classic Jaguar ‘growler’ logo has been ditched as the car firm reinvents itself to appeal to a younger audience of car buyers

This is the new Jaguar logo – a roundel made up of the letter ‘J’ that looks the same both ways up

Jaguar has unveiled its new ‘brand’ look with a technicolour advertisement that features precisely no cars

Jaguar has been accused of going ‘woke’ by car fans on social media – but responses from the firm suggest it is not bothered by the reaction

‘Hello, thanks for the feedback! We’ll be sure to pass it onto the team. Best wishes,’ the firm said to many of its detractors on social media.

‘Go woke, go broke,’ wrote several people in tweets to the firm. ‘Go hard,’ Jaguar fired back.

Responding to an almost accusatory tweet reading ‘I thought you guys made cars??’, the firm’s social media team simply said: ‘We do. All will be revealed.’

Even Tesla CEO Elon Musk got in on the act, asking the firm: ‘Do you sell cars?’

Jaguar replied warmly, inviting him to the launch event for its new concept car at Miami Art Week.

It said: ‘Yes. We’d love to show you. Join us for a cuppa in Miami on 2nd December?’

But Joseph Alessio, a designer and art director based in California, blasted the new look, writing: ‘This will be taught in schools as how not to do a rebrand.’

Another designer said: ‘The Jaguar rebrand is going to go down in history as one of the most destructive marketing moves ever attempted.’

The radical look is part of Jaguar’s complete reimagination as it races ahead of the 2030 deadline for car firms to stop selling petrol and diesel cars in the UK. 

It has been testing what looks to be a radically different four-door saloon in the UK recently, draped in zebra-style camouflage paint that covers up its mysterious curves and details, down to the shapes of the windows and headlamps. 

But this is not the concept that will be unveiled in Miami. Instead, that will be a ‘design vision concept’ that will probably cause as much upset as the rebrand. 

Not that Jaguar appears to be fussed by the reaction as it wiped its social media profiles clean. Gone are the images of slick coupes and classics: instead, all that remains are the technicolour fashion models and slogans.

The video shows models walking through an alien-esque rocky landscape rendered in pink. What it has to do with cars is not immediately clear.

The advert features boldly dressed fashion models in bright primary colours alongside slogans such as ‘break moulds’ and ‘create exuberant’

Jaguar says each slogan represents a ‘key symbol of change’ as it moves forward as an all-electric car company

Jaguar says its new philosophy will ‘command attention through fearless creativity’ – a phrase that suggests it knew it would spark a backlash with its new look

It has wiped its social media presence clean – with no suggestion at all on its Instagram that it is a car company

Jaguar has given short shrift to the outrage on social media – and even invited Elon Musk, boss of direct rival Tesla, to the launch event for its new concept car in Miami

Asked by one social media user if the rebrand was ‘supposed to rescue your tarnished brand’, the firm replied on X: ‘Quite the opposite. This is a renaissance.’

‘For shame,’ one fan wrote, sharing an image of his two convertible Jaguars, as he accused the firm of ‘pandering’.

The company has been unapologetic as it pushes forward with its reinvention and even concedes that 85 per cent of its customers in future will be new fans of the brand – younger affluent drivers looking for electric motors. 

It described its new philosophy as embracing ‘s bold designs, unexpected and original thinking’ that will ‘command attention through fearless creativity’. It has certainly done that.

Gerry McGovern, the car firm’s design boss, said yesterday he wanted to create a ‘jaw-dropping’ redesign that will ‘shock, surprise and polarise’.

‘It will make you feel uncomfortable. That’s fine. The world is not standing still,’ he said at a launch event yesterday.

The firm’s managing director, Rawdon Glover, admitted 85 per cent of its customers in future would be first-time buyers.

He has also confessed is also ‘no Plan B’ for the firm, which was sold by Ford to Tata in 2008. 

The new Jaguar logo features largely lower case letters – save for a single capitalised ‘G’ – in what the company is calling a ‘complete reset’

The ‘leaper’ cat logo still exists – but has been reversed to jump to the right as a sign the company is ‘always leaping forward’

Gerry McGovern, Jaguar’s chief creative officer, is unapologetic over the redesign. He said yesterday: ‘It will make you feel uncomfortable. That’s fine’

‘Hello, thanks for the feedback! We’ll be sure to pass it onto the team. Best wishes,’ the firm said to many of its detractors on social media

‘To bring back such a globally renowned brand we had to be fearless. Jaguar was always at its best when challenging convention,’ he said yesterday. 

The marque appears to have pivoted away from the qualities that made it distinctly British – ditching its associations with the stoicness of Inspector Morse in his red Mk2, or Ben Kingsley, Mark Strong and Tom Hiddleston purring that villains ‘all drive Jaguars’ in a (now banned) TV advert.

Gone is the classic all-caps ‘JAGUAR’ font that recalled stateliness and even a hint of menace. In its place, a jumble of letters that appears to read ‘JaGuar’ and a roundel badge that reads ‘J’ both ways.

Even the classic ‘leaper’ big cat isn’t spared from the overhaul – changing from leaping right-to-left to left-to-right as a sign the firm is ‘always leaping forward’. It will appear on a new lined background reminiscent of the IBM logo.

The bold colours trailed in the controversial new ad will be rolled out to Jaguar showrooms to shake off the idea that Jags are stuffy and for the older generation.

Comparisons could be made to the legendary Silk Cut cigarette adverts, which featured no cigarettes. The tobacco brand famously sponsored Jaguar’s most iconic race car, the XJR-9, which won the 24 Hours of Le Mans in 1988.

Jaguar has long been associated with the likes of Inspector Morse (as played by John Thaw, above) – rarely seen without his iconic Mk2 

The Jaguar E-Type – a stone-cold design classic (left) – and its spiritual successor the F-Type (right) are now consigned to the past

Instead, Jaguars will look something like this in the near future. This is a prototype of its first all-electric car – a four-door saloon currently hidden behind a camouflage paint job

The firm says the new look is inspired by the words of its founder, Sir William Lyons, who once said: ‘A Jaguar should be a copy of nothing.’ 

‘This dramatic, unmistakable and unexpected expression of what it means to Copy Nothing will be a preview of the fearless approach to come from Jaguar,’ it said in a statement. 

Jaguar is withdrawing from the UK car market for 12 months as it ‘sunsets’ its legacy cars, which most recently included the E-Pace and F-Pace SUVs, the F-Type coupe and convertible and the I-Pace electric car.

Moving forward, the firm has a four-door saloon to come and is expected to follow this up with a two-door ‘fastback’ coupe boasting a roofline reminiscent of the classic E-Type and a large SUV.

The saloon is expected to hit the market in 2026 for just under £100,000 – placing it in a premium market alongside other electric grand tourers such as the Porsche Taycan, Audi e-tron GT and Mercedes-Benz EQS.

It has also been working on its electric car technology in the background as it withdrew petrol and diesel models from the market, competing in the Formula E electric motorsports championship. 

For sleek and flattering styles, The North Face Lenado snow pants offers a streamlined design with waterproof tech that doesn’t feel bulky. Patagonia’s Powder Town pants are all about durability and sustainability, built to handle the harshest conditions without compromising comfort. Whether you prefer a snug, form-fitting silhouette or a more relaxed cut, the right ski pants let you focus on shredding the mountain (and not adjusting your gear).

Arc’teryx Sentinel snow pants

The North Face Lenado snow pants

Patagonia Powder Town snow pants

Spyder Boundary snow pants

The down jacket

A padded down jacket is crucial for post-slopes. The Quince Responsible Down Jacket offers eco-friendly warmth with a sleek, minimal design perfect for everyday wear. Meanwhile, the Burton Expedition Jacket provides rugged insulation with a performance-driven style. Whether you’re after a refined, versatile look or a more durable, outdoor-ready option—these jackets offer the ideal balance of comfort and fashion.

Burton [ak] Expedition jacket

Quince Responsible Down jacket

The ski goggles

Ski goggles are an essential investment for any winter adventure, serving both protection and clear vision. The Oakley Flight Tracker provides a wide field of view with advanced lens technology, ensuring clarity in varying conditions. The Dope Snow Sight Goggles combine sleek design with high-performance lenses, delivering a pop of color along with functionality. Protect your goggles from scratches—always pack them in a soft case or cloth. Whether you prioritize visibility or a bold look, investing in quality goggles ensures you’re prepared for whatever the mountain throws at you. Pro tip: take your helmet with you to try on goggles so you can make sure they fit within the frame.

Oakley Flight Tracker goggles

The ski helmet

A non-negotiable for both safety and performance, ski helmets like those from Moncler and Goldbergh offer top-tier protection with carefully engineered features—ventilation systems, adjustable fits, and lightweight materials—all for comfort and security. Beyond safety, these helmets prove that you don’t have to sacrifice style (and perhaps–ensuring confidence of protection and appearance. Investing in a high-quality helmet means you’re getting the best of both worlds: optimal protection with a sleek, fashionable edge.

Salomon Driver Pro helmet

The cozy hat

The old wives’ tales are true—you really do lose most heat through your head, so wrap up warm whether you’re on the town or stopping for a hot chocolate. The Alo Yoga Winterfun Zhivago hat offers comfort with a playful design, while the Alp n Rock Après II beanie brings a more timeless, chic look. When searching for a hat, combine warmth with flair. Whether you’re headed to post-slope DJ cocktail hour or just enjoying a snowy day, they add a fun touch to your winter wardrobe.

Alo Yoga Winterfun Zhivago hat

Alp N Rock Apres II beanie

The knit sweater

Embrace your surroundings and lean into the alpine lifestyle with a knit sweater. These fun, retro logos and designs are both warm and stylish. For warmth off the slopes, layer up with knit essentials like the Alp N Rock Rory cardigan or the Flint and Tinder wool sweater—it will complete your ensemble.

Alp N Rock Fallon mockneck

Finisterre merino wool sweater

Flint and Tinder wool sweater

The warm layers

Be sure to pack a wardrobe of layering tops (vests, T-shirts, long-sleeve tops, fleece jackets)—but don’t forget to layer up your bottom half as well. Opt for base layers, like winter leggings, that can be worn under your ski suit—especially useful if you want to strip off your outer layers and jacket come lunchtime—as well as for lounging around aprés ski. From Alo to Arc’teryx, these brands offer matching base layers for the chicest alpine look.

Alo Yoga Airlift Winter Warm quarter-zip

Arc’teryx Kyanite baselayer bottoms

Alo Yoga Conquer Reform long-sleeve

Under Armour Heatgear leggings

The ski gloves

A solid pair of gloves is key to keeping your hands warm and dry on the slopes. Options like the Swany X-Change mitten, Burton Gore-Tex gloves, and Hestra Heli glove offer durability, waterproofing, and flexibility—ensuring comfort in any condition. These gloves blend performance and style, so you can focus on the mountain without worrying about your hands.

The ski socks

The right socks make a world of difference for comfort and warmth on a ski trip. Merino wool blends, like those from Bombas and Arc’teryx, provide excellent insulation while managing moisture, keeping your feet warm and dry. These socks are designed for durability and comfort, offering the perfect fit for long days on the slopes. Pro tip: For really icy conditions, put hand warmers in the tip of your boot to keep your toes warm.

Arc’teryx merino wool socks

The snow boots

For snowy days, insulated and waterproof boots like the Hunter Maribel insulated snow boot and Sorel Caribou boots offer reliability and warmth. With sturdy construction and stylish designs, these winter boots ensure comfort from the first step to après-ski.

Hunter Meribel snow booties

The backpack

A great ski backpack helps keep your gear organized and accessible. The Burton Gig Boot pack, Deuter Ski Tour backpack, and Osprey Farpoint travel pack are designed to carry everything you need, with specialized compartments and durable materials.

Deuter Freerider Pro backpack

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Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox.

The Eurozone risks another debt crisis if the bloc cannot boost growth, lower public debt and fix “policy uncertainty”, the European Central Bank has warned.

In its annual Financial Stability Review, published on Wednesday, the ECB sounded the alarm over a potential return of “market concerns over sovereign debt sustainability”.

It pointed to “elevated debt levels and high budget deficits” as well as tepid growth and uncertainties caused by recent “election outcomes at the European and national levels, notably in France”. Luis de Guindos, ECB vice-president, also pointed to “poor historical compliance with EU fiscal rules” by some EU governments.

The borrowing costs of countries such as Italy and Spain, which were at the centre of the Eurozone crisis, remain far below the peaks they reached in the market turmoil more than a decade ago. But investor worries have recently risen over debt in countries such as France.

De Guindos told reporters during a call that markets have started to pay “more attention to fiscal [risks]”. He pointed out that “the funding costs of countries with debt-to-GDP ratios of more than 100 per cent widened notably during the recent episodes of financial markets volatility”.

The spread between its 10-year bonds and Germany’s — a measure of investor concern over its debt — hit 0.78 percentage points this month, close to the 12-year high reached in the run-up to this summer’s parliamentary election.

“Headwinds to economic growth from factors such as weak productivity make elevated debt levels and budget deficits more likely to reignite debt sustainability concerns,” the ECB warned.

During the Eurozone crisis which began more than a decade ago, Greece narrowly avoided a default as concerns about its financial stability fuelled market unrest over the common currency. This only subsided after then-ECB president Mario Draghi pledged to do “whatever it takes” to prevent a collapse of the currency area.

The Financial Stability Review focuses on risks to the region but its warnings about fiscal risks are more outspoken than in previous editions. While the ECB mentioned a potential resurgence of doubts over the sustainability of public debt, it noted in 2023 that “risks to sovereign debt sustainability appear to be manageable in the short run”.

De Guindos said the ECB should state “very clearly that there are potential threats ahead of us”, including potential “contagion from other jurisdictions,” pointing to US president-elect’s Donald Trump unclear fiscal plans and high US government deficit.

The ECB said government funding costs could be pushed higher by macroeconomic shocks, highlighting “weak” fundamentals and maturing sovereign debt being “rolled over” at higher interest rates. It cited EU estimates that interest payments by France would more than double to exceed 4 per cent of GDP by 2034, while Italy’s would rise a third to just under 6 per cent of GDP.

The combination of low growth and high government debt in the 20-country bloc could make it more difficult for governments to pay for higher defence needs and investments to tackle climate change, the central bank said.

The European Commission last week downgraded its 2025 growth forecast for the Eurozone to 1.3 per cent, warning the region was set to fall further behind the US.

The ECB also pointed to “high valuations and risk concentration” that threaten “sharp adjustments” in the equity and bond markets.

It added that “recent market corrections have not dissipated concerns over the overvaluation of equity markets or the potential for an artificial intelligence-related asset price bubble”.

In a potential economic slump, bank and investment fund balance sheets could also take a hit as Eurozone consumers and companies are already struggling with higher rates, the ECB said, noting the heightened risk of higher losses on commercial real estate.

Black Friday is no longer a single-day sale on the Friday after Thanksgiving. It’s one of the biggest sales of the year that starts as early as October for some retailers—and you need to come with a plan unless you want to be taken advantage of. Home Depot is one of the main retailers who started their early Black Friday sale both online and in-store, which runs until Dec. 4. You’ll find BOGO deals and discounts on tools, appliances, smart home gadgets, and everything else you can find in the store. Here are the best early Black Friday deals from Home Depot.

This leaf blower is 55% off

If you’ve never had the absolute pleasure of blowing away all those dead leaves covering your yard with a leaf blower, you’re missing out on one of the biggest joys of the fall. Your neighbors shouldn’t have all the fun: This cordless Milwaukee leaf blower is $199 (originally $438) and comes with two chargers, which is all you can ask for in a cordless leaf blower. The first battery lasts 30 minutes at 3/4 power and the second one lasts 20 minutes at the same setting.

The Yale Assure Lock 2 Smart Door Lock is 31% off

I’ve been using the Yale Assure Lock 2 for my home for months and it’s one of my favorite smart locks of 2024. This is the Bluetooth version with the touchscreen (as opposed to physical buttons) and with a physical key option. You can always buy the Yale Wi-Fi Smart Module separately later if you don’t want to get the wifi version right now (it lets you control it remotely through wifi). This is the cheapest I have seen the smart lock even on Amazon, according to price-tracking tools.

I bought this ladder not too long ago, and it’s everything I was looking for—and more. It’s highly adaptable to many different scenarios thanks to the many different positions it can take. I was able to knock out many projects I had pending, and this retractable Gorilla ladder made it easy to knock them out. It has a bucket to carry all your tools, and when you have it compact, it is easy to stow away. Make sure whatever you need to do is within 22 feet (it actually reaches 18 feet, 10 inches max, but it takes into account an average adult’s reach to get to the full 22 feet). You can get this 22-foot Gorilla Retractable Ladder for $149 (originally $2339).

I am an organization freak, so I love tool cabinets. This type of cabinet is perfect for a person who likes to DIY home projects and has their tools scattered everywhere in a sad closet that could also use a workbench to do some work. It has 9 drawers and comes with six outlets and two USB ports. You can get this Husky Tool Cabinet for $298 (originally $398), the lowest price it has been over the last few months, according to price-tracking tools.

BOGOs and other deals

If you need multiple tools, Home Depot is offering BOGO cordless tool deals that you can take advantage of right now. Here are some other deals to check out:

Good morning and welcome to your Morning Briefing for Wednesday 20 November 2024. To get this in your inbox every morning click here.

Platforms Association expands

The Platforms Association has expanded to 46 founding members, less than two months after it was launched.

The founding members comprise of several high-profile firms, including Abrdn, Aviva, Aegon, Fidelity, Quilter, Scottish Widows and Hargreaves Lansdown, among others.

Inflation creeps back up

The Consumer Prices Index (CPI) rose by 2.3% in the 12 months to October 2024, up from 1.7% in September, the latest Office for National Statistics (ONS) data has revealed.

Meanwhile, the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.2% in the 12 months to October 2024, up from 2.6% in September.

FCA/FOS ‘modernisation’ attempt

Friday’s joint call for input from the Financial Ombudsman Service (FOS) and Financial Conduct Authority into how they can work together to modernise the redress system appears to be an attempt to put on a united front despite underlying tensions, says Punter Southall Law’s Stuart Brothers.

It claims that, “The current redress framework works well for individual customer complaints about specific issues” and any “challenges” are confined to “mass redress events” (a term upon which it later seeks input as to what it actually means).

If not provocative, then the underlying assumption that all is otherwise working well portrays a lack of awareness.

Quote Of The Day

The government’s decision to dramatically increase the range of assets and estates hit by IHT in the budget could spur a new wave of evasion and avoidance of this tax

– Neela Chauhan, Partner at UHY Hacker Young, on the implications of the chancellor’s recent Budget

In Other News

Liontrust has strengthened its data management, delivery and analysis across the business through the implementation of an enterprise portfolio management system that is integrated with a new data ecosystem.

The new technology solution improves investment and risk tools, enables productivity gains and enhances the information supplied to Liontrust’s investment teams and clients.

It will also strengthen reporting and digital services while providing scalability for Liontrust.

The enhancements have been achieved by implementing an integrated solution through collaboration with BlackRock’s Aladdin platform and The Bank of New York Mellon Corporation (BNY).

Liontrust will leverage BlackRock’s Aladdin technology in combination with BNY’s Data Vault and other strategic partner systems.

It will use this to deliver comprehensive portfolio and risk-management capabilities, built on the foundation of a unified and consistent source of investment data, and leveraged across fund management teams, asset classes and funds.

Neuberger Berman, a private, independent, employee-owned investment manager, has hired Paul Grainger as managing director and senior portfolio manager, fixed income.

Neuberger Berman, with $509bn total assets under management, has $232bn in fixed income assets under management.

With more than 195 investment professionals globally, Neuberger Berman’s fixed income platform is characterised by its depth, experience and a collaborative approach to managing client portfolios.

The platform is globally integrated and highly collaborative, which we believe allows for investment insights across regions to be reflected in portfolios.

With more than 25 years’ experience, Grainger joins from Schroders, where he most recently served as head of global fixed income and currency.

HSBC to open London ‘wealth centre’ in effort to draw in premier clients (The Guardian)

‘Trump bump’ makes Paul Taubman Wall Street’s newest billionaire (Financial Times)

Debut of Bitcoin ETF options is latest boost for crypto from US (Bloomberg)

Did You See?

The Financial Services Compensation Scheme (FSCS) is set to pay out £372m in 2024/25 – £9m more than it forecast – due to a rise in “highly complex” advice claims.

Its interim CEO, Martyn Beauchamp, said the increase was largely down to progress on claims decision volumes.

“Over two-thirds of our advice claims are now considered highly complex, doubling from one third a few years ago,” Beauchamp said in the FSCS November 2024 Outlook report.

“Claims increasingly require more specialist resource, deeper investigation and more time to complete, with data-gathering challenges a key driver of claim timescales.

“We’re continually working hard to identify areas where we can optimise the time taken to complete a claim without significantly increasing costs.”

Dan Cooper has the full story.

Benefits of recycling solar panels

Drawbacks of recycling solar panels

Planning to hold off on your job search during the holiday season, believing that no one hires at this time of year? You could be missing lucrative opportunities to snag a great new role.

Most professionals assume that the holidays are a time of parties, year-end vacations, and relaxation—and they’re right. The holiday season, however, is also a time in which candidates can easily locate new contacts and even find themselves approached by employers for a prime position.

Here are five key reasons to put aside the common myths surrounding a holiday job search.