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- 📈 Stock Markets Rattled
📈 Stock Markets Rattled
Plus: Top Industries Where Pay Beats Inflation
Good morning!
Stock futures dropped this morning, ahead of a data-heavy week, and U.S. banks will be facing an optimism test as earnings roll in on Wednesday and Thursday.
Grab your Flat White and let's get into it! ☕️👇️
This Tech Company Grew 32,481%…
No, it’s not Nvidia… It's Mode Mobile, last year's fastest-growing software company according to Deloitte.
Mode’s disruptive $martphone, has already helped consumers earn and save $325M+ through simple, everyday use. That led to 32,481% revenue growth between 2019 and 2022, and presence in 170+ countries. Turning smartphones from an expense into an income stream, Mode is disrupting the $1 trillion smartphone industry, like Uber did with taxis and Airbnb with hotels.
They've just been granted the stock ticker $MODE by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.
From our Sponsor
Markets
📉 Stock futures drop as investors look toward a data-heavy week
Stock futures slipped early Monday as investors prepared for a busy week of economic updates, including the December U.S. inflation report and major bank earnings. Futures tied to the Dow Jones Industrial Average dropped 81 points, or 0.19%, while the S&P 500 and Nasdaq 100 futures fell 0.44% and 0.58%, respectively.
Last week’s stronger-than-expected jobs report raised concerns about the Federal Reserve’s cautious approach, casting uncertainty over the possibility of future interest rate cuts.
🏦 The optimism over US banks is about to be put to the test
Investors entered 2025 with high hopes for U.S. banks, but this week’s earnings season will test that optimism. Shares of major lenders initially surged after Donald Trump’s election, fueled by expectations of looser regulations and leniency on lucrative corporate mergers. However, those gains have shrank as markets await Q4 and full-year 2024 results from top Wall Street players on Wednesday and Thursday.
👷 Top Industries Where Pay Is Outpacing Inflation
In December, the average American worker's pay kept pace with inflation, but a closer look reveals uneven gains. While some workers saw their earnings rise meaningfully, others experienced slower growth, highlighting disparities across industries and job types.
🧑🚒 Insurance Stocks Drop Amid Soaring California Wildfire Costs
Insurance stocks tumbled on Friday as California's devastating wildfires are now estimated to have caused $135 billion to $150 billion in damages and economic losses. AccuWeather warned the costs could climb even higher, potentially nearing 4% of California’s annual GDP.
⚡️ Here’s Why Constellation Energy Group Stock Jumped
The Dow saw its biggest weekly drop on Friday, falling 1.07%, with the S&P 500 and Nasdaq down 0.71% and 0.62%, respectively. Meanwhile, Constellation Energy Group soared 22.02% this week, closing at $305.19 after announcing a $16.4 billion acquisition of geothermal firm Calpine Corp. The deal, one of the largest in U.S. power industry history, comes as AI-driven electricity demand surges to power data centers.
Quick News
What’s In A Home Insurance Policy? Know The Details Before A Fire Occurs.
ETFs could face obstacles in 2025 after bumper year.
Bitcoin started the new week on a negative note as major investment banks reassessed their expectations for Federal Reserve rate cuts following Friday's strong jobs report.
Can Walgreens Boots Alliance Stock Keep Soaring?
Pullback is buying opportunity for tech stocks, Wedbush says.
Los Angeles races to contain wildfires before severe winds return.
Judge halts attempt to retrieve Bitcoin hard drive worth nearly $750 million from landfill.
EARNINGS SEASON IS BACK!!! x.com/i/web/status/1…
— Earnings Hub - Savvy Trader (@EarningsHubHQ)
2:14 PM • Jan 12, 2025
That’s a wrap!
The world’s biggest tech event, CES 2025, is over and it was incredible.
10 wild reveals you NEED to see:
1. EyeBliss by UltraReality tracks your gaze and blinking
— Min Choi (@minchoi)
4:20 PM • Jan 11, 2025
👀