Our PureVest Weekly Roundup reviewed a recap of this week’s Fed meeting. Jerome Powell reiterated that we are at peak rates for this cycle, that he plans to cut rates three times in 2024, and that the economy and jobs market remain strong. This week, Apple was hit with an antitrust lawsuit as the DOJ targets iPhone prices and their general business model. At their annual developer conference, Nvidia announced a new AI chip that will be out later this year. Auto prices continue to cool after prices soared following the pandemic. The housing market remains unaffordable for many, which may be the case for a while; our article below outlines what continues to trouble the market. Our education section covers some basic terms you should know when analyzing your investments. Enjoy the light reading, and have a great weekend.
Markets & Economy:
Fed meeting recap: Everything Powell said during Wednesday’s market-moving news conference
source:www.cnbc.com
Apple faces years of distractions after DOJ antitrust suit
source:www.cnbc.com
Key takeaways from Nvidia’s annual developer conference
source:www.yahoofinance.com
FedEx soars, Nike, Lululemon and Tesla fall
source:www.streetinsider.com
Auto prices are cooling, but ‘we’re never going back to the old normal,’ expert says. Here’s what car shoppers can expect
source:www.cnbc.com
Trump social media firm merger approved by DWAC shareholders, deal could net ex-president $3 billion
source:www.cnbc.com
What Would it Take for Houses to Be Affordable in the U.S. Again?
source:www.investopedia.com
Education:
source:www.investopedia.com
source:www.investopedia.com