FDA Submission Expected This Summer - Invest Before It Happens

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.

American consumers feeling much more confident as Election Day nears

MATT OTT
October 29, 2024

WASHINGTON (AP) -- American consumers are feeling quite a bit more confident this month as Election Day approaches, a business research group says.

The Conference Board said Tuesday that its consumer confidence index jumped to 108.7 in October from 99.2 in September. It was the biggest monthly gain since March of 2021. Analysts forecast a more modest reading of 99.3.

The consumer confidence index measures both Americans' assessment of current economic conditions and their outlook for the next six months.

The measure of Americans' short-term expectations for income, business and the job market jumped to 89.1. The Conference Board says a reading under 80 can signal a potential recession in the near future.

The proportion of consumers anticipating a recession in the next 12 months fell to its lowest level since the board first posed the question as part of its survey in July of 2022.

The board reported Tuesday that consumers' view of current conditions climbed 14.2 points to a reading of 138.

The number of respondents saying they planned to buy a home or car continued to rise.

"Consumers' assessments of current business conditions turned positive," said Dana Peterson, the Conference Board's chief economist. "Views on the current availability of jobs rebounded after several months of weakness, potentially reflecting better labor market data."

While there has been some recent data showing a weakening labor market, it broadly remains healthy by historical standards.

The government reported earlier this month that the U.S. economy added 254,000 jobs in September, much more than was forecast. The unemployment rate dipped to 4.1%. The October jobs report comes out Friday.

Also Tuesday, the Labor Department reported that U.S. job openings tumbled last month to their lowest level since January 2021, possibly signaling that the labor market is losing some momentum. Still, openings remain well above pre-pandemic levels.

Tepid jobs numbers from July and August had been dragging on Americans' confidence and along with receding inflation, played a significant role in the Federal Reserve's decision to cut its benchmark borrowing rate by 50 basis points, double the usual amount.

The rate cut, the Fed's first in more than four years, reflected its new focus on bolstering a softening job market.

Fed policymakers also signaled that they expect to cut their key rate by an additional half-point in their final two meetings this year, and they envision four more rate cuts in 2025 and two in 2026.

Consumer spending accounts for nearly 70% of U.S. economic activity and is closely watched by economists for signs how the American consumer is feeling.

Continue Reading...

Popular

Bitcoin's 4-Year Cycle Is Dead, Researcher Says: Here's Why It Matters For XRP

The crypto market has changed, and experts say relying on the traditional 4-year halving cycle could leave investors poorly positioned in

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.

One Tech Tip: How to clean your computer, earbuds and smartphone

LONDON (AP) — Smartphones, laptops, headphones and other electronic devices are essential for work and play in our daily lives. But all that time spent typing, scrolling or listening also means our devices gradually accumulate grime that needs to be cleaned off.

Trump keeps saying the GOP mega bill will eliminate taxes on Social Security. It does not

WASHINGTON (AP) — President keeps saying that Republicans' mega legislation will eliminate taxes on federal benefits.

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.

Elon Musk Changed His Number, Became Unreachable After Trump Feud, Reveals Speaker Mike Johnson: 'I Sent Him A Long Text Message, And Then...'

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has reportedly changed his phone number following a fued with President Donald Trump and disagreement with Speaker Mike Johnson over the Republican's tax-and-spending bill.

The Public Safety Revolution - Ad

Robotics is transforming public safety. One company is leading the charge with cutting-edge tech and a low-cost service model. With growing momentum and a tight stock float, this is one to watch.

Indigenous Wampis are ambushed in Peru after government backs out of anti-mining joint patrol

BOGOTA, Colombia (AP) — An attack by armed assailants on a patrol of a mission by the guards last week in the Peruvian Amazon has again brought into focus the issue of .

Semiconductor Stocks React To Key Policies And Earnings

Semiconductor chip companies, including Nvidia, AMD, Broadcom, Marvell Tech, and Super Micro had a volatile week due to trade policies and earnings.

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.

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.

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

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.

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.

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

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.

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?

Trump Hit With Backlash Over Use of Antisemitic Slur at Iowa Rally

President Trump faced criticism from Jewish leaders and lawmakers on Friday after using a term historically associated with antisemitic stereotypes.

ASML Stock Plunges Nearly 8% In Wednesday Pre-Market: What's Going On?

Shares of Dutch semiconductor firm, ASML Holding NV (NASDAQ: ASML), has declined 7.46% during Wednesday pre-market trading, after the company expressed concerns over its 2026 growth prospects.

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.

Elon Musk Renews Demand for Jeffrey Epstein Files Release, Weeks After Alleging Trump Is Named in Them

Elon Musk has once again demanded the release of the unredacted Jeffrey Epstein files. This comes in the wake of his allegations against President Trump.

Social Security Administration Sends 'Unbelievable' Email On Trump's 'Big, Beautiful Bill': Report

Email from SSA claims Trump's tax law will eliminate taxes on Social Security benefit. Critics call it politically motivated and incorrect.

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.

U.S. employers likely added 115,000 jobs last month as labor market continues to cool

The steady slowdown in U.S. hiring likely continued in June as President Donald Trump’s trade wars, federal hiring freeze and immigration crackdown weighed on the American job market.

Tesla debuts in India with upscale showroom launch in Mumbai

NEW DELHI (AP) — opened its first showroom in on Tuesday, marking the electric vehicle maker’s long-anticipated debut in the world’s third-biggest automotive market.

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.

Why Is Donald Trump Ignoring Elon Musk's Call For 'Phase 2' Of The Epstein Files?

Musk's post questioning Trump's unfulfilled promise of Epstein-related disclosures reignites tensions over transparency in politics and tech.

Once Powerless, Now Priceless: V.J. Edgecombe's Journey From No Electricity to $50.4M NBA Future

Valdez "V.J." Edgecombe Jr., a young basketball player who once lived without electricity for seven years, is now on the verge of signing a contract worth $50.4 million.

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.

Connie Francis' 'Pretty Little Baby' became an unexpected TikTok hit — 63 years after its release

Connie Francis was a giant of 1950s and '60s sugary-sweet pop, notching more than a dozen hits. In the months she experienced one more in “Pretty Little Baby,” which has become a viral hit on TikTok six decades after its release.

The Public Safety Revolution - Ad

Robotics is transforming public safety. One company is leading the charge with cutting-edge tech and a low-cost service model. With growing momentum and a tight stock float, this is one to watch.

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.

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