Stock Market Winners & Losers: Stocks Tumble Amid Federal Shutdown Worries | The Cost of Children Rising Higher | Inside the Sphere in Las Vegas
Children Are Not Cheap
Public College Tuition $10,940
Childcare Costs $11,971
Teen New Car Driver $11,378
Loser: Stocks tumble amid Fed and shutdown worries
- Stocks fell as Wall Street increasingly faced up to the likelihood that the Federal Reserve won't cut interest rates any time soon.
-Moody's warned that a government shutdown on Saturday would harm the US credit rating.
-The financial toll of the Writers Strike has been steep. Hollywood workers pulled $45 million from their retirement plans and studios could lose $1.6B in global ticket sales because of delayed movies.
- 87 percent of teens own an iPhone . . . ,Samsung’s new ploy to get kids off iPhones is a MrBeast sponsorship. 87 percent of teens own an iPhone, leaving precious little market for Android device makers to carve up. The blue bubble peer pressure theory about teens’ iPhone preference would imply Samsung’s efforts are doomed.
Loser: Which costs more? College, Driving or Childcare.
- Everyone already knows raising a child is expensive, but it’s getting even pricier.
- College tuition is always the biggest dear as the average annual in-state tuition at a four-year public university, estimated at $10,940.
- In more than half the states, childcare costs more than in-state public college tuition.
- On average, childcare costs $11,971 or $1,031 a year more than public college tuition.
-Teen car ownership now also costs more than in-state tuition at a public university. It costs $11,378 a year for a teen to own and drive a new car.
- Soaring prices for auto insurance, maintenance, car repairs, vehicle prices and gasoline.
Winner: Inside the Sphere in Las Vegas
-The largest spherical design on earth – aptly named the Sphere.
- Opens Friday in Las Vegas with a live U2 concert.
- 366 foot high venue. The Statue of Liberty is 151 feet high.
- 17,600 seats holds up to 20,000
- The outside known as the Exosphere is covered with 1.2 million LEDs that can be seen from a mile away.
- Inside there a 160,000 square foot curved LED. That is a really huge TV 3 times as big as a whole football field that wraps all the way around the entire stage and seats.
- Costs is $2.3 billion.
- Owned by MSG Group who owns Radio City Music Hall, Madison Square Garden, and Beacon Theatre.
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