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Topics include Tesla's largest recall, SpaceX insiders selling equity, BlackRock's decline in the ETF market, the use of weight loss drugs in treating various disorders, analyzing the Christmas Price Index, sports betting industry growth, and the opening of a luxury resort in Las Vegas.
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Quick takeaways
- The cost of purchasing all 12 gifts from the song 'The Twelve Days of Christmas' has only risen 2.7% year-over-year, indicating a stable economy and consumer health.
- Vanguard is poised to overtake BlackRock in the US ETF market due to its loyal investor base and low fees, but BlackRock may gain an advantage if they successfully launch a Bitcoin ETF.
Deep dives
The Christmas Price Index shows a modest increase in holiday costs
The PNC Asset Management Group's annual Christmas Price Index reveals that the cost of purchasing all 12 gifts from the song "The Twelve Days of Christmas" has only risen 2.7% year-over-year. This is a significant decline from last year's increase of 10.5%. The index measures the true cost of the gifts and provides a gauge of consumer health and the state of the economy. The total cost of the 12 gifts stands at a little over $46,000 this year.
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