Trump wants to turn the clock on daylight saving timeHughes Could Correct His Mistake and Have a Chance to Bring Back Jake Allen as Backup This SummerThe Associated Press NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing . But it wasn’t just Apple, Nvidia and the like. Bitcoin , gold and other investments also drove higher. Here’s a look at some of the numbers that defined the year. All are as of Dec. 20. Remember when President Bill Clinton got impeached or when baseball’s Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year’s spurt of 24.2%. The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world . The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. The level that bitcoin topped to set a record above $108,000 this past month. It’s been climbing as interest rates come down, and it got a particularly big boost following Trump’s election. He’s turned around and become a fan of crypto, and he’s named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. Gold’s rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It’s also benefited from the Fed’s cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. It’s a favorite number of Elon Musk, and it’s also a threshold that Tesla’s stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share . Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk’s close relationship with Trump could benefit the company. That’s how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia’s chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia’s worth to more than $3 trillion in total. GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October . That’s how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody’s. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. That’s the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024’s home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.
The Thai beer market is expected to grow at a rate surpassing the country's projected GDP growth in 2025, supported by government stimulus measures, a robust tourism sector and a wave of new product launches, says Chang International. The National Economic and Social Development Council projects Thailand's economy to grow by between 2.3% and 3.3% in 2025, with a midpoint estimate of 2.8%. Thai beer consumption is anticipated to exceed 2 billion litres next year, said Songwit Sritham, chief executive of Thailand beer business at Chang International Co Ltd. He said the mainstream beer segment, priced from 55-60 baht per 490-millilitre can, accounts for 60-70% of total market value. "For the mass market, we expect Thai mainstream beer sales to grow slightly faster than the country's GDP growth," said Mr Songwit. The company also anticipates its mass beer business will outpace industry growth. The "mainstream plus" segment, with an average price of more than 60 baht per bottle, accounts for about 20% of the market. It is projected to achieve double-digit growth next year, according to Chang. The company knows consumers have different preferences and are shifting towards more premium beer options, driving the robust growth of the mainstream plus segment, while the mainstream segment has not grown dramatically. He said mainstream plus represents a single-digit proportion of the company's portfolio, but Chang wants to expand this share. "We want to grow more than the market and increase the proportion of this segment in our portfolio," said Mr Songwit, without specifying a timeline. The economy beer segment, priced cheaper than the mainstream segment, continues to decline, accounting for less than 5% of the total market, compared with 10% 15 years ago. The remaining market share is held by foreign beer or speciality beer. To tap the premium trend, the company introduced "Chang Unpasteurized Screw-top Aluminum Bottle" two years ago in select markets such as Chiang Mai. Starting Dec 19, Chang plans to begin distributing this product at 10,000 branches of 7-Eleven convenience stores nationwide.Trump says he can't guarantee tariffs won't raise prices
How the stock market defied expectations again this year, by the numbersHorse and cattle owners see shortage of veterinarians willing to take the reins of large animal care
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I Never Ask-My Hierarchy To Stay But For A Chance To Turn City's Form Around: GuardiolaA BRITISH Airways stewardess could face the sack after revealing online she was on the flight taking Liam Payne’s body home. Summer-Leigh Morrison also gave the names of those on board. She breached strict guidelines by sharing a snap of the BA flight manifest detailing who was travelling with the tragic One Direction singer’s coffin. And she said to more than 10,000 Instagram followers: “Just been told we’re carrying a coffin with us today. “To then find out it’s Liam Payne’s body and his family are on our flight too, heart-breaking.” She has been stood down while bosses investigate. Liam fell to his death aged 31 from his hotel balcony in Argentina on October 16. His funeral was on Wednesday. A BA source told us: “This stewardess cares more for her online social media following than her job. “She has been brought to the attention of bosses due to previous posts. “It is a serious data breach, not to mention a callous and heartless move to tell the world of Liam’s final journey for the good of her online following. “She will be lucky to ever fly again with the airline.” BA said: “We are investigating this matter so it would be inappropriate to comment further.”