- Bitcoin hit a record above $73,000 but retreated when inflation came in hotter than expected. Insurance and energy prices are boosting inflation.
- With the S&P 500 at a record high, BofA, Larry Summers, and others saw signs of a bubble forming. Some predicted a correction but not a bear market.
- The United States topped global oil production for a sixth straight year.
- Toyota agreed to the largest wage hike in 25 years. Honda and Nissan partnered on EV development.
- The Boeing crisis has impacted airlines. GM lost two key executives. Altria said it plans to reduce its AB InBev stake. Under Armour’s founder returned as CEO. Dollar Tree plans to close 1,000 stores. McDonald’s suffered an IT failure. Speculation grew about a TikTok sale.
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Nvidia Corp. (NASDAQ: NVDA) is trading above prices that led the company to issue stock splits in the past. An impending stock split is extremely likely for three key reasons, including its hefty share price.
One AI Stock Plunged 83% but Wall Street Expects a 133% Recovery in 2024
Is it too late for investors to jump on the artificial intelligence bandwagon? There may still be opportunities, like the featured medical diagnostics company.
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