It’s been a long time since I provided an update so this will track all the things that have happened over the last few months.
Small businesses have seen a 4.9% increase in sales and a 5.5% percent rise in total transactions from last year. However, restaurants saw a decrease in sales due to people wanting to stay in more during the holiday season.
Nvidia Has become the world’s most valuable company valued at approximately $3.3 trillion earlier in November. Consequently, Nvidia was added to the Dow Jones Industrial Average. Other AI companies like Seagate Technology have exploded after monster sales upwards of $2 billion. Yesterday newly elected President Donald Trump has announced a partnership that would see the US government investing $500 billion in AI technologies. This could be the beginning of a governmental role in the development of AI.
The US added 256,000 jobs in December which crushed the anticipated 150,000. This drastically cut down the unemployment rate. This also means that the Federal Reserve is expected to cut interest rates.
President Donald Trump was sworn into the presidency in January starting his second term as president and the second president to ever serve non consecutive terms. His inauguration was attended by powerful business heads such as Mark Zuckerberg and Jeff Bezos.