Economy
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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look Google’s Chip Changes the Game Google’s new Willow chip, a 105-qubit processor, hit a big milestone: * Fixed Errors: It solved a 30-year problem by cutting down error
Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
Consumers are increasingly optimistic about inflation, with expectations reaching a post-pandemic low of 3% in October 2024, according to recent data sourced from Bloomberg. This marks a significant drop from the peak of 6.6% in mid-2022, signaling a positive shift in inflation expectations as price pressures continue to ease.
However, while inflation concerns have subsided, many Americans still express frustration over high prices, indicating a cautious outlook on personal finances and business conditions. The University of Michigan’s consumer sentiment index, highlighted in the second graph, shows that although sentiment has generally improved in line with inflation, there has been increased volatility in recent months.
In mid-2023, consumer sentiment peaked at 79%, fueled by hopes that inflationary pressures were easing. But as the campaign trail has heated up, and with the 2024 election looming, this optimism has faltered. The latest reading stands at 70.1%, reflecting growing uncertainty around the broader economic landscape. Many consumers remain skeptical about current conditions, despite lower inflation expectations, as concerns about personal finances and long-term stability persist.