🗞️ Biden’s New Laws And Holiday Spending Increases

December 26, 2024

December 26th, 2024

Good Evening 🇺🇸,

What happened today,

Holiday Sales Top Estimates With Boost From Online Shopping, Mastercard Says

Holiday retail sales rose 3.8% year-over-year, topping earlier estimates with a boost from online shopping, according to Mastercard.

finance.yahoo.com/news/holiday-sales-top-estimates-boost-175149359.html

  • Holiday shoppers increased spending by 3.8% in 2024 beating last years numbers and outpacing expectations despite inflation creating higher prices

  • President Biden signed 50 bills into law late on Christmas Eve, one was a bill officially making the bald eagle the national bird of the U.S.

  • President Trump has said the U.S. should retake control of the Panama Canal and then named his Ambassador to Panama to be Kevin Marino Cabrera

  • President Trump’s ‘border czar’, Tom Homan, has said that he will reinstate polices to create what he called “family facilities” or family detention centers for people who entered the country illegally

  • In the latest AP-NORC poll, nearly two-thirds of respondents, 65%, said they feel the urge to curb their consumption of media about politics and government

  • The National Association of Realtors found that the median age of first-time homebuyers is 38 in 2024, a record high, in 1981 the median age was 29 and in 2014 it was 31…

  • Jobless claim applications fell by 1,000 to 219k for the week of Dec. 21 that is less than the 223k expectations, however continuing jobless claims rise to the highest in 3 years meaning it is very difficult for people to find a job

  • DOW up .07%/ S&P down .04%

  • More than 30 passengers are dead after an Azerbaijan Airlines flight crashed near the city of Aktau in Kazakhstan on Wednesday, and aviation and Ukrainian officials are placing the blame for the deadly crash on Russia, Russia has warned against speculation that they are to blame

  • Russia says it's using bitcoin to evade sanctions per Axios

Bonus: A look at what types of apps people pay for

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Quote of the day: “Government can encourage innovation, but mainly by doing less, not doing more.” - Matt Ridley

Have a great night!

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