Our PureVest Weekly Roundup looked at how more and more chip manufacturing is moving from Asia to the U.S. Taiwan semi-conductor announced they are tripling their investment in Arizona to manufacture chips. After home improvement company Lowe’s beat earnings two weeks ago, they announced a new $15 billion stock buyback program this week. Gas prices at the pump continue to fall as the National Average is approaching $3 per gallon. In a Bloomberg survey that included some of the largest money managers in the Industry, 71% believed stocks will be higher in 2023 with an average gain of 10%. Walmart is getting into the buy now pay later game, and the pulse of the consumer remained strong as the Michigan Consumer Sentiment number beat expectations today. Enjoy the light reading, and have a great weekend!
Markets & Economy:
The US chip boom is just beginning
source:www.biz-crast.net.
Lowe’s announces new $15 billion buyback plan
source:www,reuters.com
FTC sues to block Microsoft’s acquisition of Activision Blizzard
source:www.cnbc.com
Gasoline is cheaper now than a year ago — and could fall below $3
source:www.cnbc.com
Top Money Managers See Global Stocks Gaining In 2023
source: www.fa-mag.com
Walmart-backed fintech startup plans to launch its own buy now, pay later loans
source: www.cnbc.com
Michigan Consumer Sentiment Gains 4% in December, Beats Forecast
source: www.advisorperspectives.com
Education:
Active vs. Passive Investing: What’s the Difference?
source: www.investopedia.com