| Our PureVest Weekly Roundup looked at the Social Security COLA increase for 2025, which will be 2.5%. This is the smallest increase since 2021, as inflation has come down. Q3 earnings season is off to a good start, as big banks had favorable reports today. The Financials have been a market leader all year, and these reports justify precisely why. Tesla unveiled their Robovan and Robotaxi last night. AMD announced plans to launch a new AI chip directly targeted at taking market share from Nvidia; they are trying to be the formidable second player in AI chips. We also added a quick preview of what you can expect from third-quarter earnings. Company reports are forecasted to show a 4.5% rise in S&P 500 earnings, with tech earnings growing the most at over 15%. Enjoy the light reading, and have a great weekend! |
| Markets & Economy: Social Security sets its 2025 COLA increase at 2.5%. Here’s how it will change your benefits source:www.cbsnews.com September’s Inflation Surprise: What Drove CPI Higher Than Expected source:www.investopedia.com JPMorgan Chase tops estimates for profit and revenue on better-than-expected interest income source:www.cnbc.com Wells Fargo shares jump after earnings top Wall Street expectations source:www.cnbc.com Tesla Unveils Its Cybercab, Robovan, and More—What You Need To Know source:www.investopedia.com AMD launches AI chip to rival Nvidia’s Blackwell source:www.cnbc.com BlackRock Q3 earnings crush consensus as net inflows surge source:www.seekingaloha.com Q3 Earnings Season Preview: What to Watch and Stocks Poised for Growth source:www.investing.com |