Locator: 47846ARCHIVES.
There were so many incredible investing stories today, I'm simply going to post links to headlines. Maybe more later.
Deflation:
- the pockets of signs of deflation in the US economy;
- furniture; cars; and electronics;
- travel and some groceries are also coming down;
Pentagon rocket club:
- Bezos' Blue Origin joins SpaceX, ULA in winning bids for $5.6 billion Pentagon rocket club;
- ULA = United Launch Alliance
- Pentagon program: National Security Space Launch (NSSL) program
- under this program, the Space Force is expected to order as many as 90 rocket launches in the NSSL Phase 3 program;
Market:
- the S&P 500 and NASAQ 100 both set new record high-closing prices, for the fourth straight day ina. row;
- AAPL + NVDA+MSFT = TSX;
- the most valuable stock on the TSX: Royal Bank of Canada;
- NVDA: another day, another all-time high for Nvidia;
- these stocks all hit new 52-week highs at some point today;
- Beth Kindig on NVDA, 2018;
Apple:
- partnership with Affirm;
- closed today as the largest stock in the world, retaking the crown from Microsoft;
- apparently not paying OpenAI to use ChatGPT in iOS 18;
- looks like Apple has added new features of its own to Maps to challenge AllTrails, the iPhone App of the Year, 2023;
- iOS actively recommends charging limit based on iPhone 15 usage;
- Gene Munster on Apple / AAPL;
Oracle:
- Larry Elison, at $14 billion now the 7th-richest person on earth;
Investment accounts for children: link here.
Economy:
- US wholesale prices dropped in May; adding evidence that inflation pressures are cooling;
- Goldilocks economy: Barron's;
- inflation eased in May more than expected; the headline temporarily "shocked" the equity market;
- Bidennomics: lowest unemployment rate on average of any president from 1964 to the present; along with the highest real (infl-adj) hourly wages; bragging rights secured;
GM:
- returning billions more to shareholders as EV growth struggles;
Fisker:
- voluntary recalls; Ocean EVs; safety and compliance issues;
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