Strategy Meets Finance Financial and Economic News: November 29, 2023
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Major stories developing on the global economic front, including:
- Cyber Monday Surge
- Holding the Line on Inflation
- Consumer Confidence Bounces Back
- The Dividend Dilemma
- Tesla’s Bumpy Road
- Fueling Savings
FinWeekly has all the details on trending market and financial news this week: First up, Cyber Monday sales surged to an impressive $12.4 billion, surpassing expectations, fueled by robust Black Friday results and the growing popularity of buy-now-pay-later options. Shifting gears, economists brace for an extended period of high interest rates, driven by the Federal Reserve's focus on the core PCE index, while a surprising rebound in US consumer confidence brings a glimmer of positivity. However, cautionary tales emerge in the stock market as dividend-focused ETFs face unexpected challenges, showcasing the risks of market timing. In the auto market, green stocks struggle amid concerns about Tesla's position, influenced by higher interest rates and evolving regulations. And ending on a positive note, American drivers enjoy a 60-day decline in gasoline prices, providing relief at the pump and freeing up cash for holiday spending. Check out what this means for you in our latest episode!
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