Our PureVest Weekly Roundup looked at the impact China’s economic reopening can have as they officially dropped their zero COVID policy. Netflix reported better than expected earnings as subscriber numbers came in strong; long-time CEO Reed Hastings steps down. The jobs market showed continued strength as jobless claims fell to the lowest since September. Oil posted gains this week on the heels of China’s demand outlook. Existing home sales fell for the 11th consecutive month, and the Fed will most likely slow the pace of rate hikes again. The week’s talk has been about the U.S. hitting its debt ceiling; we added three articles on this topic. PureVest is offering FREE portfolio reviews through January 31st to help you get on the right path in 2023. Enjoy the light reading, and have a great weekend.
Markets & Economy:
China’s reopening ‘good news’ for growth — but could be inflationary
source:www.cnbc.com
America Hit Its Debt Limit, Setting Up Bitter Fiscal Fight
source:www,nytimes.com
Netflix blows away expectations on subscriber numbers
source:www.cnbc.com
Jobless Claims Fall to Lowest Level Since September
source:www.barrons.com
Fed Set To Slow Rate Hikes Again And Debate How Much Further To Go
source:www.fa-mag.com
Oil heads for second week of gains on China demand outlook
source:www.reuters.com
Existing home sales fell for the 11th consecutive month in December
source:www.cnbc.com
Schedule Your Portfolio Review: Offer Expires January 31st
source:www.purevest.net
Education:
How many times has the US raised the debt ceiling?
source:www.as.com
History of the United States debt ceiling
source:www.investopedia.com