Homebuilder Shares Hang In Balance As Credit-Stretched Consumers Await Rate Cuts
Hopes for strength in the housing market in 2024 are hinged on Fed rate cuts.
US Output Growth Hits 7-Month High In January: Services Lead, Manufacturing Rebounds
US economy shows robust start to 2024, driven by service & manufacturing sectors. PMI at highest levels since mid-2023. Demand & business confidence improve, inflation cools. Challenges include supply delays & declining purchasing activity in manufacturing.
“American Medical Association Says Safe Drug Consumption Sites ‘Save Lives’ By Reducing Risky Behaviors And Overdose Deaths” – Marijuana Moment
https://www.marijuanamoment.net/american-medical-association-says-safe-drug-consumption-sites-save-lives-by-reducing-risky-behaviors-and-overdose-deaths/In a little-noticed section of a report on the nation's worsening
‘SEC Wants To Make Sure SPAC Investors Know What They’re Getting Into; New Rules Aim To Make Special-Purpose Acquisition Company Deals More Like Traditional IPOs’ – WSJ
https://www.wsj.com/finance/regulation/sec-wants-to-make-sure-spac-investors-know-what-theyre-getting-into-510aca30 WASHINGTON—The speculative mania in special-purpose acquisition companies, better known as SPACs,
Nasdaq, S&P 500 Futures Jump As Wall Street Eagerly Awaits Tesla’s Q4 Earnings: Analyst Says Rally Broadening But Favors These Stocks
Earnings have served to mitigate early January's weakness, and sentiment appears to be upbeat going into Wednesday's session.
Alibaba Springs Back To Life As Co-Founders Scoop Up Shares: ‘It’s Jack Ma — Hot For His Stock’
Alibaba founders' purchase of millions of dollars worth of shares and China's market support plans boost confidence in company and country.
US Stocks Pause As Treasury Yields, Dollar Surge On Trimmed Fed Rate Cut Bets: What’s Driving Markets Tuesday?
Wall Street took a breather on Tuesday, with the major U.S. stock indices trading near the flatline or showing slight declines during midday trading in New York as investors closely await a series of relevant earnings reports and crucial economic data slated for the remainder of the week.
‘President Biden Aims To Stop Countries From Exploiting Americans’ Data For Blackmail, Espionage; White House Worried About AI Being Used To Mine Information’ – Bloomberg News
https://www.bloomberg.com/news/articles/2024-01-23/biden-seeks-to-stop-countries-from-exploiting-americans-data-for-espionage
Senator Tries To Slam Biden – Then Gets Blasted On X Over US Energy Production Claims
Sen. Blackburn faces backlash for politicizing energy data and criticizing Biden's policies, while ignoring factors like wars and industry investments. Gas prices remain relatively low and US is a net oil exporter. Critics call out for turning the market into a political battleground.
US Stocks Prepare For Nervy Start Ahead of Netflix, TI Earnings: Analyst Says Cash Waiting On Sidelines Could Flood Street If This Happens
The mood turned circumspect on Tuesday as traders digested a deluge of earnings reports and anticipated market-moving economic data for the week.