Month: January 2024

Warning: Inflation Is Set To Rise

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🚨 🚨 EconomicExpertsSurvey Q4 2023: Inflation rate will reach 5.0% worldwide in 2024, then 4.4% in 2025 and 3.6% in 2027
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Move Over Tesla

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🇨🇳 🇨🇳 BYD Co. (which stands for Build Your Dreams) has now surpassed Tesla to be the world’s biggest maker of electric vehicles
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Rate Cut Not So Soon: US Wages Rise

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🇺🇸 🇺🇸 US wages increased to 4.1% year over year from 4% in November
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Abercrombie: 2023 Was A Big Moment

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👖 👚 Abercrombie increased sales by 20% year over year in 3Q 2023 to $1.06 billion, grew operating margins by 11 percentage points to 13.1%, and was one of the few retailers that raised fiscal-year guidance
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Apple: We Love News Like This

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🚨 🚨 Apple shares slid after The New York Times reported that the Justice Department is preparing an antitrust lawsuit against the iPhone maker, which could be filed as soon as this year
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A Trade That Will Make You 46%

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🧠 🧠 We are waiting to enter a generative artificial intelligence trade that will make our clients 46% this year and if markets drop further we can lock in more profits
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ChatGPT Store Opens Next Week

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🚨 🚨 OpenAI is set to launch its GPT Store next week, a platform that will allow developers to share custom applications based on OpenAI’s text-generating AI models, such as GPT-4
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Yellen Declares Soft-Landing Achieved

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🇺🇸 🇺🇸 Treasury Secretary Janet Yellen declared Friday the US economy had achieved a long-sought soft landing, a historically unusual event in which high inflation is tamed without significantly damaging the labor market
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Dec NFP Beats

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🚨 🚨 BREAKING: US economy adds 216,000 jobs in December, above expectations of 170,000. The unemployment rate fell to 3.7%, below expectations of 3.8%. This means that the US economy has now added jobs for 36 consecutive months
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Investors Turn To Cash Funds

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🚨 🚨 Investors poured $123 billion into cash funds in the week through Jan. 3, according to Bank of America Corp. While inflows to money markets are typical at the start of each year, the sum was the largest ever for the first week, strategists led by Michael Hartnett wrote in a note, citing EPFR Global data
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