01.10.2024 - By Horowitz and Dvorak
Announcing the Winner of the CTP Cup 2024!
SECURE Act Benefits for 529 Plans
China - turn around in gaming rule discussion
Boeing Under Pressure - Loose Nuts?
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Warm Up
- And we are back - Happy New year - Welcome to 2024
- Announcing the Winner of the CTP Cup 2024!
- SECURE Act Benefits for 529 Plans
- China - turn around in gaming rule discussion
- Boeing Under Pressure - Loose Nuts?
Market Update
- Worst start to the year since ... 2015 (Whatever that means)
- Market continues to have little muscle memory (Still down for the YTD)
- CES getting those AI juices flowing again
- BITCOIN ETF - News OUT! WELL- HACKED - Changed - WOW!!!
** Start of year 2024 - Looking for you to write dome reviews on Spotify , Apple Podcasts, Amazon Podcasts - Wherever - spread the word people!
Start with this!!!!!!!
-Bitcoin on the move
- 13 companies filed for a spot Bitcoin ETF
- Rumors that some decision will be made early this week
- Bitcoin tops $47,000 on the news
- May be sell the news moment..
---- 4:15PM TODAY - UPDATE: Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection. (SEC Titter)
--- 4:27PM Bitcoin down - explained as sell the news BUT- Gary Gensler private account: @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
---- SO, was this a not approved or a not approved YET????
Podcasts Rule - Killing the Competition (or??)
- Radio giant Audacy has filed for bankruptcy protection amid a slump in advertising revenue.
- The Philadelphia-based company, which oversees major podcast and radio operations and has acquired CBS Radio, said it has filed a Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Texas after a restructuring agreement with a majority of its debtholders.
- The agreement will see the company cut roughly 80% of its nearly $2 billion in debt.
No Ceiling
- The U.S. federal government's total public debt has reached $34 trillion for the first time, the U.S. Treasury Department reported last week.
- Each party is blaming the other
- Biden plans to reduce U.S. deficits by $2.5 trillion over 10 years by increasing taxes on large corporations and wealthy Americans and cutting spending on pharmaceuticals and tax breaks for oil companies.
- Trump wants the tax cuts to be permanent.
Bad Start
- Traders hoping that a pan-markets year-end rally would pick up where it left off got the opposite on 2024’s first trading day, a session that featured one of the worst-ever concerted drops in stocks and bonds to start a year.|
- The SPDR S&P 500 ETF Trust (ticker SPY) and iShares 20+ Year Treasury Bond ETF (TLT) each fell 0.6% Tuesday, the first time they’ve both slumped so much to start the year since the bond gauge began trading in 2002.
--- First week was not plesant for most areas of the market - Looks like people were holding on to avoid paying taxes in 2023 (April 2024)
----- Then dumped
Starbucks
- Starbucks app: Coffee giant accused of rigging payments to the tune of nearly $900 million over 5 years
- This is the probelm with gift cards and these plans - so much is forgotten about
- “Starbucks rigs its payment platform so consumers are encouraged to leave unspent money on their cards and apps,” said Chris Carter, campaign manager for the group in a statement.