📈 Stocks / Finance

Cathie Wood Bets on Amazon for ETF Turnaround

Yahoo Finance

Cathie Wood's Ark Invest recently bought 76,505 shares of Amazon to revitalize its ETF performance. Amazon's leading positions in e-commerce and cloud computing, along with AI innovations, make it attractive for long-term growth. Trading at a forward P/E of 32, it's considered undervalued.

Deflation Eases in Key Sectors as Supply Chains Normalize

CNBC

In September 2024, deflation was observed in several U.S. economic segments, including household goods, vehicles, and some food items. According to the Consumer Price Index (CPI), core goods prices dropped by 1% as pandemic-era disruptions stabilized, while gasoline prices fell by 16%.

Oppenheimer Sees Strong Upside Potential for Two Stocks

Yahoo Finance

Oppenheimer projects significant growth for Rani Therapeutics (RANI) and Ultra Clean Holdings (UCTT), with potential upsides of up to 740% and 76%, respectively. Rani’s innovative RaniPill could revolutionize biologics delivery, while UCTT is poised to benefit from growing semiconductor demand.

🪙 Crypto

Kiyosaki Predicts ‘Everything Crash,’ Sees Bitcoin Dropping to $5,000

Bitcoin News

Robert Kiyosaki warns of an impending ‘Everything Crash,’ predicting the collapse of gold, silver, stocks, and bitcoin, which he says could drop to $5,000. He advises investors to prepare, noting bitcoin could later surge to $100,000-$250,000 amid post-crash opportunities.

🌎 Global Economy

China’s Economic Struggles Amid Limited Stimulus

NBC

China’s recent stimulus announcement fell short of expectations, leading to a sharp market decline, with Hong Kong’s Hang Seng suffering its worst drop in 16 years. Despite Beijing’s confidence in meeting a 5% growth target, analysts predict slower growth, citing structural economic issues.

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