πŸ“ˆ China's Evergrande Liquidated

Plus: How to get a raise this year...

Good Morning!

First up, Bitcoin is doing its version of a comeback kid, dusting off those post-ETF blues and climbing back up the ladder.

Then, we've got some drama from the East with China’s Evergrande. The court's gavel has spoken, and it's time for a $300 billion liquidation – a real landmark moment for the already drama-filled property sector.

And for the grand finale, hold onto your hats because we've spotted a Monster AI Growth Stock that's skyrocketed an eye-popping 31,400% since the dawn of the millennium. Yes, you read that right. It's the kind of stock that makes you wish you had a time machine. But don't worry, it's not too late to jump on this bandwagon.

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Markets

US inflation trending lower; consumer spending strong in December (5 minute read)
Well, it looks like U.S. prices decided to only nudge up a bit in December, playing it cool and keeping the yearly inflation hike under 3% for the third month in a row. This has everyone buzzing that the Federal Reserve might just roll back those interest rates this year.

But, hold your horses! The plot thickens with a bit of holiday splurge, as the latest report reveals that American shoppers went all out at the end of 2023, throwing a bit of mystery into exactly when those rate cuts will happen.

Image Credit: REUTERS/Rick Wilking

Investing

Bitcoin Claws Back Post-ETF Losses as Weekend Buying Spurs 8% Rally (2 minute read)
Looks like Bitcoin decided to bounce back into the spotlight, ending the week on a high note. After a bit of a post-ETF sell-off drama, the original crypto star found its groove again. It seems like buyers couldn't resist the digital discounts, with Bitcoin scooping up an 8% gain in just three days. Talk about a turnaround! It dipped its toes down to $38,400, but crypto enthusiasts were quick to jump in and grab a piece of the action, giving the orange coin a much-needed boost.

China Evergrande ordered to liquidate in landmark moment for crisis-hit sector (5 minute read)
Monday wasn't the best day for China Evergrande, the property giant from Hong Kong. The court, with Justice Linda Chan at the helm, has decided it's time to call it quits and liquidate the company. This is a big deal because Evergrande isn't just any company; it's the world's most indebted developer, sitting on a mountain of over $300 billion in liabilities. The decision comes after more than two years of Evergrande playing 'hot potato' with its offshore debt and not quite managing to come up with a solid plan to get back on track.

1 Monster AI Growth Stock Up 31,400% Since 2000 to Buy Now (6 minute read)
Nvidia (NVDA), the tech superstar, really turned heads in 2023 as it clinched the title of the best-performing stock in the S&P 500. But don't think it's just resting on its laurels! This company is still in the game to reward its patient shareholders. With its roots firmly planted in the world of graphics processors and AI chips, Nvidia's branching out into new territories like data center networking, subscription software, and cloud services. And guess what? Wall Street's crystal ball is showing some pretty impressive numbers – analysts are betting on Nvidia to amp up its revenue by 40% annually over the next five years.

Image credit: Fool.com

Money

How to Ask for a Raise β€” and Get It β€” This Year (5 minute read)
Wouldn't it be sweet to see a few extra bucks in your bank account this year? You've been out there, giving it your all – being the team superhero, knocking off tasks like a pro, and embracing new challenges with what can only be described as sheer elegance.

You've earned a raise, and deep down, you know it. We definitely see it, and somewhere in the back of their mind, your boss is probably nodding in agreement. But then there's that little voice inside, reminding you of the scary 'R' word – recession. It's got you thinking maybe you should just be content with the fact that your paycheck is still rolling in. Tough call, right?

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