Stock Market Winners & Losers: Fed’s Favorite Inflation Gauge Cools | Spotify’s Viral Wrapped Dropped

Winner: Fed's favorite inflation gauge cools
• Stocks are mixed this morning but are on track for their best month this year.
• Investors continued to bet on interest-rate cuts after the PCE index, the Fed's preferred inflation measure, which came in line with fallinf inlfation expectations. The print could add more fuel to the notion that the Fed is done with hiking this cycle and may cut rates sooner than thought.
• Thursday also brought a surprise November drop in euro zone inflation to 2.4%.
• Pending home sales drop to a record low, even worse than during the financial crisis
• Percent of Americans Who Are Mortgage-Free Is at 40% an All-Time High

Other Stories
• Crypto Red Card: Soccer superstar Cristiano Ronaldo faces a $1B+ investor-led lawsuit over his promos of Binance NFTs, which have plunged in value.
• 10 Tesla Cybertruck Arrives Today. Tesla Cybertruck buyers still don’t know how much it’ll cost, horsepower, specs, and charge range.
• Bubba says: Shrimp is the fruit of the sea. Red Lobster said its $20 “Ultimate Endless Shrimp” deal is partly to blame for its $11 million loss. On the low end, a pound of shrimp runs about $5 or $6. Red Lobster plans to raise the price of shrimp endlessness to $25
Winner: Spotify’s Viral Wrapped Dropped Yesterday
• Spotify’s most wonderful time of the year is here: its data-fueled Wrapped activation launched yesterday.
• It’s the streaming platform’s chance to tell listeners their top genre was and sum up their top artists and songs.
• Jimmy Kimmel celebrated the unofficial national holiday of Spotify Wrapped
• My son learned he’s a “Coastal cowboy” and listens like a “Vampire” because he listens at night.
• I learned that .05% of listeners… of “fan noises for sleep.”
• Taylor is the year’s most-streamed artist (hope runner-up Bad Bunny’s OK).
• Spotify rolled out Wrapped in 2016 and created shareable Instagram graphics a few years later.
• The recap highlights the power of personalized data marketing
• The #SpotifyWrapped hashtag had nearly 70B views on TikTok and #SpotifyWrapped2023 had nearly 130M.

#RobBlackShow #RobBlack #Stocks #Viral #Trending #stockmarket #Market #Finance #Investing #Investment #MarketsUpdate #News
Learn More https://linktr.ee/RobBlack