headlines...by halloapp

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12-25-2023

TECH

• Nvidia’s stock has surged by 235% this year, driven by its dominance in the AI chip market and projections for further growth potential. Analysts predict over 30% potential growth in the next 12 months.

• Mint Mobile, owned by Ryan Reynolds, experienced a data breach, exposing customer data. T-Mobile is acquiring Mint Mobile for $1.35 billion.

• NORAD tracks Santa’s flight using radar and sensors, providing updates on its website and app for children. A glitch temporarily affected the Santa Tracker.

MEDIA

• Israeli soldiers killed in combat in Gaza, death toll rises in Gaza as Israeli airstrikes continue, dozens killed in Gaza on Christmas Day.

• ”Aquaman and the Lost Kingdom” earns $28.1 million in its first three days, leading the box office but underperforming expectations.

CONSUMER

• In-person Christmas Eve shopping in the UK was significantly lower than in 2019 due to Sunday trading hours and the cost of living crisis. Footfall on Christmas Eve was 6.8% lower than the previous week and 20.6% lower than 2022. Retail parks saw a 6.7% rise in footfall, while high streets and shopping centers saw drops of 14.8% and 3.0% respectively. However, footfall at UK retail parks and shopping centers increased on Christmas Eve compared to the previous week, driven by last-minute grocery shopping. Overall, footfall on Christmas Eve was still down 30% compared to last year due to the day falling on a Saturday in 2021.

• Prio S.A. and Kering SA both released their Q3 2023 earnings reports, discussed in earnings call presentations.

REAL ESTATE

• A Dartmouth, Massachusetts home, owned by the same family for 60+ years, sold for $585,000. The historic Reed-Briggs house in Dighton, Massachusetts sold for $460,000.

ECONOMIC

• Gulf markets rise on cooler US inflation data, Japanese stocks climb on prospects of US rate cuts, Asian shares mixed. US stock market nears record highs.

• In 2024, economists predict a potential return of ”secular stagnation” with stall-speed growth, low inflation, low interest rates, and reduced business activity. China’s economy is expected to struggle with softer demand, a weak job market, low inflation, and a weak property sector. The US economy is also predicted to have a soft landing with modest gains in the stock market, while a slight downturn is expected but mild due to household financial position and labor-hoarding effects among businesses.

CRYPTO

• China and Saudi Arabia have agreed to a currency swap line worth $7.7 billion, granting Saudi Arabia access to Chinese currency, challenging the US dollar’s dominance.