For The Archives -- Headlines For A Most Exciting Day For Investors -- June 13, 2024

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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.

• dividends explained;

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;