Robotics Meets Public Safety Innovation

Advanced security robots, real-world impact, and a valuation gap too big to ignore. This robotics stock is one to watch.

US economy is believed to have grown at a solid pace again last quarter

PAUL WISEMAN
October 30, 2024

WASHINGTON (AP) -- Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.

The Commerce Department is expected to report Wednesday that the gross domestic product -- the economy's total output of goods and services -- grew at a 2.6% annual pace last quarter, according to a survey of forecasters by the data firm FactSet. That would be down from a 3% annual rate in the April-June period. But it would still amount to a solid pace as Americans ponder the state of the economy in the final stretch of the presidential race.

Wednesday's report is the first of three estimates the government will make of GDP growth for the third quarter of the year. The U.S. economy, the world's biggest, has shown surprising resilience in the face of the much higher borrowing rates the Federal Reserve imposed in 2022 and 2023 in its drive to curb inflation. Despite widespread predictions that the economy would succumb to a recession, it has kept growing, with employers still hiring and consumers still spending.

In a sign that the nation's households, whose purchases drive most of the economy, will continue spending, the Conference Board said Tuesday that its consumer confidence index posted its biggest monthly gain since March 2021. The proportion of consumers who expect a recession in the next 12 months dropped to its lowest point since the board first posed that question in July 2022.

At the same time, the nation's once-sizzling job market has lost some momentum. On Tuesday, the government reported that the number of job openings in the United States fell in September to its lowest level since January 2021. And employers have added an average of 200,000 jobs a month so far this year -- a healthy number but down from a record 604,000 in 2021 as the economy rebounded from the pandemic recession, 377,000 in 2022 and 251,000 in 2023.

On Friday, the Labor Department is expected to report that the economy added 120,000 jobs in October. That gain, though, will probably have been significantly held down by the effects of Hurricanes Helene and Milton and by a strike at Boeing, the aviation giant, all of which temporarily knocked thousands of people off payrolls.

At its most recent meeting last month, the Fed was satisfied enough with its progress against inflation -- and concerned enough by the slowing job market -- to slash its benchmark rate by a hefty half percentage point, its first and largest rate cut in more than four years. When it meets next week, the Fed is expected to announce another rate cut, this one by a more typical quarter-point.

The policymakers have also signaled that they expect to cut their key rate again at their final two meetings this year, in November and December. And they envision four more rate cuts in 2025 and two in 2026. The cumulative result of the Fed's rate cuts, over time, will likely be lower borrowing rates for consumers and businesses.

Inflation, which reached a four-decade high of 9.1% in June 2022, has tumbled to 2.4%, barely above the Fed's 2% target. But average prices still far exceed their pre-pandemic levels, which has exasperated many Americans and posed a challenge to Vice President Kamala Harris' presidential prospects in her race against former President Donald Trump. Most mainstream economists have suggested, though, that Trump's policy proposals, unlike Harris', would worsen inflation.

Continue Reading...

Popular

Elizabeth Warren Has The Receipts: 'Bribery In Plain Sight' Funding Trump's Library

Several companies have donated to President Donald Trump's future presidential library. Senator Elizabeth Warren calls this potential "bribery in plain sight."

Tim Cook's New Job Is Keeping Trump 'Happy,' Says Economist Justin Wolfers: 'Innovation Takes A Back Seat To Political Favoritism'

According to University of Michigan economist Justin Wolfers, in recent months, Apple Inc. (NASDAQ: AAPL) CEO Tim Cook has been spending far more time managing politics than pursuing new innovations.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Trump's 'Big, Beautiful Bill' Offers Seniors A $6,000 'Bonus' Tax Deduction: Here's How You Qualify For The Benefit

Trump's Big, Beautiful Bill offers a $6,000 senior bonus deduction from 2025-28. Couples can save $12,000. Retirees with incomes up to $75,000 benefit most.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Nvidia-Supplier Taiwan Semiconductor On A Roll, Profit Explodes With Strong Margin Growth

Taiwan Semiconductor (TSM) reports strong Q2 results and expects continued growth in demand for advanced processor technologies, with revenue guidance of $31.8 billion to $33.0 billion for Q3.

After years of tough rules on liquids and footwear, US air travel may be on the cusp of a new era

NEW YORK (AP) — When limits on liquids were introduced at TSA checkpoints across the country in 2006, bins overflowed with bottled water, toothpaste, shaving cream and so much more. Nearly two decades later, travelers are much more accustomed to the “3-1-1” regulations" governing the size of the liquids they're flying with, but scenes of passengers guzzling a beverage before putting their bags through the screening machines are still common.

A Robotics Leader in Disguise - Ad

Forget the hype. Real revenue, growing contracts, and a low float make this stock a hidden gem in the robotics space.

Asian shares are mostly higher after Trump says he discussed firing Fed Chair Powell

BANGKOK (AP) — Asian shares were mostly higher Thursday while U.S. futures slipped after President Donald Trump rocked Wall Street by saying he had the head of the Federal Reserve, but was unlikely to do so.

Inside the high-stakes battle to win a New York City casino license

NEW YORK (AP) — A Caesars Palace casino in the heart of Times Square. A sprawling gambling hall along Coney Island’s iconic boardwalk. A Hard Rock casino complex next to the home stadium of baseball’s New York Mets.

The Robotics Underdog Ready to Run - Ad

An AI robotics company cutting crime by 46% and scaling fast-yet its valuation lags behind peers.

Netflix delivers another strong performance in second quarter while following a familiar script

SAN FRANCISCO (AP) — Netflix on Thursday announced another quarter of steady growth as the video streaming service's more than 300 million subscribers have become increasingly attractive to advertisers.

Li Auto's Strong Q2 Deliveries Mask June's Steep Decline

Li Auto (LI) reported 36,279 vehicles delivered in June 2025, down 24.1% YoY. Q2 saw a 2.4% YoY increase with 111,074 vehicles delivered. Li's cumulative deliveries since inception reached 1,337,810.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Natural Gas Update: Market in Balance, Risks at the Edges

Natural gas prices remain broadly stable, with summer 2025 contracts slightly above median pre-expiry levels,within normal volatility ranges.

Cathie Wood's Ethereum Double-Down: Ark Bets $7.9 Million On ETH-Staking ETF Buy While Selling Coinbase At Highs

On Wednesday, Cathie Wood-led Ark Invest executed significant trades, including substantial purchases in Tempus AI Inc. (NASDAQ:TEM), NVIDIA Corp. (NASDAQ:NVDA), 3iQ Ether Stakin

Undervalued Robotics Stock Alert - Ad

Why is an AI robotics company with $3.2M in revenue valued at just $50M while competitors with less revenue sit at $448M?

Union Pacific, Norfolk Southern discuss merger to create transcontinental railroad, AP source says

OMAHA, Neb. (AP) — Union Pacific and Norfolk Southern are in merger talks to create the largest railroad in North America that would connect the East and West Coasts.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

WeRide's Driverless Robobus Approved In Singapore

WeRide Inc. (NASDAQ: WRD) received Singapore's clearance for fully driverless robobus operations at Resorts World Sentosa, a groundbreaking milestone.

Illumina Stock: What Went Wrong And Why It's Best To Stay Away

According to the Adhishthana Principles, Illumina stock may remain under pressure for over 18 years — here's why.

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

In South Memphis, I uncovered what could be Elon Musk's biggest invention yet. It's so secretive, rivals are flying drones to spy on it. If you're serious about investing in AI, now's the time to see what's really going on inside those walls.

US House Passes Crucial Crypto Bills — From SEC Chair Paul Atkins To Coinbase CEO Brian Armstrong, Here's How Everyone Reacted

The bid to set clear working rules for the cryptocurrency industry in the U.S. got a booster pill Thursday as the House of Representatives passed key pieces of legislation.

Elon Musk's America Party: Polymarket Users Bet On Andrew Yang, Mark Cuban Joining New Political Front

Cryptocurrency bettors are strongly believing that entrepreneur and former presidential candidate Andrew Yang will join tech mogul Elon Musk's new political party.

Robotics Meets Public Safety Innovation - Ad

Advanced security robots, real-world impact, and a valuation gap too big to ignore. This robotics stock is one to watch.

The S&P 500 Sank 10% The Last Time This Warning Flashed

The S&P 500 tops 6,300 before July 4, but overbought RSI levels raise red flags for a potential pullback.

Whitmer says 'massive economic uncertainty' is to blame on semiconductor project failure in Michigan

LANSING, Mich. (AP) — Plans to build a semiconductor manufacturing plant in Michigan have fallen through and Democratic Gov. Gretchen Whitmer said Wednesday that “massive economic uncertainty” is to blame.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

JPMorgan's Plan To Impose Fees On Data Aggregators Could 'Cripple' The Crypto Industry, Say Execs: 'This Would Put Everyone Out Of Business'

JPMorgan Chase & Co's  (NYSE: JPM) plan to introduce fees for transactions involving cryptocurrencies and third-party services could significantly cripple the fintech industry, say experts.

What's Going On With SharpLink Gaming (SBET) Stock?

Shares of SharpLink Gaming Inc (NASDAQ:SBET) are trading lower Thursday afternoon, pulling back from a two-day surge. The decline appears to be a consolidation after the stock has rallied heavily in recent weeks on news of its aggressive pivot into the cryptocurrency market.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Warren Buffett Skips Big Banks Like JPMorgan and Wells Fargo, Bets $459 Million On This One Asset

Warren Buffett has shifted his investment strategy, investing $459 million in Sirius XM after selling his stakes in Bank of America, JPMorgan Chase, and Wells Fargo.

A Robotics Leader in Disguise - Ad

Forget the hype. Real revenue, growing contracts, and a low float make this stock a hidden gem in the robotics space.

Nvidia Says 'Washington Gets It' After Trump's AI Czar David Sacks Says US Has To 'Outcompete' Global Rivals

Nvidia backed Washington's AI push on Tuesday, echoing Trump advisor David Sacks' call to make American technology the global standard, as AI chip stocks rallied on signs of renewed U.S. investment and eased export restrictions.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service