Morning Brew Daily Stock Market Surges After 'Aggressive' Fed Rate Cut & Costco Launches New Product…Housing?
Sep 19, 2024
The Fed's aggressive 50-basis point rate cut sends shockwaves through the stock market, igniting discussions on economic stability. A chilling attack linked to pagers raises eyebrows about outdated technology's role in danger. Innovations continue as Snap releases new AR glasses for developers. Norway shines with its electric vehicle milestones while critics scrutinize a groundbreaking housing project by Costco. Meanwhile, Tupperware faces bankruptcy, highlighting the urgent need for brand modernization.
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Reallocate Investments
- Check your high-yield savings accounts as yields may decrease due to the Fed rate cut.
- Consider reallocating your portfolio to find other places for your cash.
New Economic Era
- The Fed's rate cut signals a new era for the US economy.
- Lower interest rates can stimulate spending and boost economic activity.
Pager Supply Chain Attack
- Exploding pagers in Lebanon, linked to Taiwan, highlight supply chain vulnerabilities.
- A Taiwanese company unknowingly licensed its brand to a shell company involved in the attack.