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5 things to know for Nov. 12: US-China relations, Geopolitical conflicts, Wildfires, Gunfire hits planes, Honda recall

By Alexandra Banner, CNN (CNN) — Elon Musk wants to radically reshape who controls America’s money supply. The billionaire is among several people in Donald Trump’s inner circle calling for sweeping changes to the Federal Reserve. Here’s what else you need to know to Get Up to Speed and On with Your Day. 1. US-China

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Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

AP Business Writer TOKYO (AP) — Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments. The Tokyo-based company reported fiscal second-quarter profit of nearly 1.18 trillion yen, or $7.7 billion. SoftBank credited income as coming from royalties and licensing related to its holdings in Arm,

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Yemen’s Houthi rebels launch drones and missiles at US warships near the Red Sea but do no damage

Associated Press WASHINGTON (AP) — The U.S. Defense Department says Yemen’s Houthi rebels targeted two U.S. Navy warships with multiple drones and missiles as they were traveling through the Bab el-Mandeb Strait on Tuesday. Maj. Gen. Pat Ryder, the Pentagon press secretary, says the Iranian-backed Houthis launched at least eight drones, five anti-ship ballistic missiles

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