Stock Market Winners & Losers: Markets Rise as Rally Tries to Regain Steam | Amazon Touts record Breaking Sales | Long-Term Care Insurance Costs

Winner: Markets rise as rally tries to regain steam
• Stocks rose Tuesday, as Wall Street looked to add to its strong November performance.
• The moves follow a losing day on Wall Street.
• Stocks have rallied this month. The S&P 500 is 8.4% higher.
• The technology-heavy Nasdaq has climbed 10.8% in November.
Other Stories
• Obesity Drugs are Big Winners. Eli Lilly’s diabetes drug Mounjaro performed better for weight loss than Novo Nordisk’s Ozempic in a real-world study of overweight or obese adults
• Are heat-pump water heaters worth it? Heat-pump water heaters models can use 80 to 85 percent less energy than the least efficient gas and electric-resistance varieties
• United Airlines weighs a takeoff in targeted ads as retail media reaches cruising altitude for its 148M annual passengers.

Winner: Amazon touts ‘record-breaking’ sales
• Amazon said the period of Nov. 17 to Cyber Monday marked its “biggest ever” holiday shopping event compared to the same 11-day stretch last year.
• Amazon, which did not disclose actual sales figures, added that shoppers worldwide bought more than 1 billion items during the period.
• Last year, Amazon delivered more packages to US homes than UPS, which it surpassed for the first time, and FedEx, which it has beat since 2020.
• Amazon expects to deliver even more boxes this year—it’s estimating 5.9 billion, up from last year’s 5.2 billion.
• But the US Postal Service still carries the most packages, in part because the OG handles hundreds of millions of parcels for UPS, FedEx, and Amazon.
Loser: Long-Term Care Insurance Costs
• Old folks home aka nursing homes.
• 70% of Americans turning 65 will need some long-term care and support.
• The costs of long-term care can be shockingly high.
• The median cost of a home health aide was $5,148 per month or $60,000 per year.
• A private room in a nursing home was $9,034 per month or $120,000 per yer
• Medicaid can pay for long-term care, buy only kicks in after you’ve spent down virtually all of your assets.
• A 55-year-old male would pay $2,100 a year for a policy offering $165,000 of total lifetime coverage over 30 years till age 85 that would be $63,000
• A 55-year-old female would pay $3,600 per year. Or $108,000
• Women pay more than men as they live longer

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