As we near the end of 2024, it’s a good time to reflect on the performance of my top 10 stock picks for the year. Se selections not only delivered robust returns but also outpaced the broader market by a significant margin, reinforcing the value of focused stock selection for long-term wealth building. If you […]
China’s dominance in the electric vehicle (EV) market continues to grow, with the country accounting for 76% of global EV sales in October, according to the China Passenger Car Association (CPCA). This milestone highlights China’s burgeoning role in the green transportation revolution, even as escalating tariffs from Western countries pose challenges to its export ambitions.
The U.S. stock market ended November on a high note, with major indices closing at record levels following a shortened post-Thanksgiving trading session on Friday. Dow Jones Industrial Average climbed 188.59 points, or 0.42%, to close at 44,910.65, while the S&P 500 rose 0.56% to a new milestone of 6,032.38. Nasdaq Composite outperformed with a
Trump’s Tariff Threat Roils Global Markets The New York Times Trump says Mexico will stop flow of migrants after speaking with Mexican president following tariff threats Fox News Donald Trump says he and Mexico President Claudia Sheinbaum have reached closed border pact The Dallas Morning News Canada examining tariffs on certain US items following Trump’s tariff threat The Associated
Zillow economists have revised the housing market outlook, forecasting a 2.9% increase in U.S. home prices over the next year, as measured by the Zillow Home Value Index. The updated projection, which covers the period from October 2024 to October 2025, reflects the interplay of factors influencing the real estate market, including tight inventory, shifting
U.S. stock markets ended Tuesday’s trading session with mixed performances as investors balanced concerns about geopolitical risks against a strong showing by tech stocks. Nasdaq Composite outperformed the indices, buoyed by optimism surrounding Nvidia (NVDA) ahead of its earnings report. Index Performance Key Drivers 1. Nvidia Boosts Nasdaq Nvidia, a major player in artificial intelligence
Donald Trump has announced a sweeping list of nominees for his administration, signaling his intent to form a leadership team that reflects his policy priorities and loyalty to his agenda. Appointments, made after Trump’s re-election victory, include high-profile names from politics, business, and media, some of whom bring significant controversy to ir roles. Energy Secretary:
Dow Jones Industrial Average and S&P 500 closed above critical milestones on Monday, buoyed by investor enthusiasm following the U.S. presidential election. “Trump trade,” reflecting optimism around President-elect Donald Trump’s expected tax cuts and deregulation policies, drove both stock and cryptocurrency markets higher. Dow surged nearly 0.7%, closing above 44,000 for the first time in
Fiscal Sustainability Concerns Federal Reserve Chair Jerome Powell highlighted concerns about the U.S. fiscal path, deeming it “unsustainable” due to high federal debt levels relative to the economy, alongside a large federal deficit. Powell pointed to a strong job market and urged the government to address fiscal challenges, warning that unchecked debt levels could ultimately
On the final day before the U.S. presidential election, stock markets slipped as investors turned cautious, shifting focus to safer assets in response to the unpredictable political climate. Dow Jones Industrial Average shed 175 points, or 0.4%, while S&P 500 and Nasdaq Composite both posted similar declines of 0.25% and 0.6%, respectively. This drop followed
