The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. https://yhoo.it/3BzPD1V
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Updates
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The US economy is on solid footing right now — and economists at Bank of America expect it to stay that way through next year. https://yhoo.it/3P1wRTX
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President of The American Welding Society and owner of Rochester Arc + Flame Center Michael Krupnicki says welders are in high demand — and Gen Z is answering the call. More: https://lnkd.in/eYKTJPrP
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This year was brutal for a number of well-known companies and their bottom lines. ✍️ via CNN Business: https://yhoo.it/3DwHDiM
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It's the start of the so-called Santa Claus rally. Historically, the stock market has seen gains from the last five trading sessions of December through the first two trading days of January. So far, markets are embracing the Christmas spirit, with all three major indexes trading firmly in the green. Regardless of any rally that could carry us into the new year, it's been a banner year for the stock market. The S&P 500 index has notched an impressive 57 all-time closing highs in 2024. https://yhoo.it/3VVFnHY
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You could be flying above traffic to the airport in an electric air taxi for the same cost as an Uber by 2025, at least according to Joby Aviation. Electric Vertical Takeoff and Landing vehicles (eVTOLs) promise efficient, battery-powered transport akin to urban Ubers or Lyfts in the sky. With backing from major players like Delta Air Lines and Toyota Motor Corporation, Joby thinks they can be first to market in the crowded space. More: https://lnkd.in/e3b5ubtg
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A strike at Starbucks will expand to over 300 US stores on Tuesday, with more than 5,000 workers expected to walk off the job before the five-day work stoppage ends later on Christmas Eve, the workers' union said. https://yhoo.it/406nnxg
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US household wealth rose to a fresh record in the third quarter, fueled by a stock-market rally ahead of the presidential election. https://yhoo.it/41FEuXH
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As tech companies like Google rush to bolster their AI capabilities, they’ve embarked on a building spree so vast that experts expect new AI data centers might be underpowered by 2027. https://yhoo.it/4iKtKh5
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What's the biggest risk for the stock market heading into 2025? Steve Sosnick outlines his concerns for next year. 👇 More: https://lnkd.in/gNAsZASs
