💵 Inflation data is here

Together with Snowball

Good morning investors! It’s turning out to be another exciting week with some great surprises.

Today we cover:

• The new inflation report.

• A look at stocks.

• Why to enroll in a personal finance course.

Only a few hours to go for our LIVE webinar on MAKING MONEY WITH AI. Join and set your timer for 9 PM EST today.

Follow us on Twitter for more.

📊 Economy and News 

Inflation data is here

New data shows that prices continued to increase in February with gasoline and shelter being major contributors.

The all items index rose 3.2% for the 12 months ending February, a larger increase than the 3.1% increase for the 12 months ending January. Inflation is down from its hottest point in 2022, but is still not close to the Fed’s target of 2%.

On the plus side, Americans are more optimistic, but most say that prices are causing issues. They, however, don’t blame the government for this.

What’s rising? Certain items have seen double-digit increases in prices YOY, including drinks, up 27.2%, and motor vehicle insurance, up 20.6%.

It’s also getting costlier to repair vehicles, up 8.5% YOY. Also, gas prices rose 4.1% for the month, but are down 4.2% YOY.

Certain consumer services, such as admissions to sporting events and tax return preparation, were up 11% and 9.8%, respectively.

Global hits:

• European markets close higher following U.S. inflation data; FTSE 100 hits 10-month high.

• US dollar advances after firmer-than-expected inflation data.

• Apple retreats in fight to defend App Store in Europe.

📈 Stocks

S&P 500 5,175.27 (+1.12%)
DJIA 39,005.49 (+0.61%)
NASDAQ 18,219.12 (+1.49%)
BRENT CRUDE 81.99 (-0.29%)
* Prices as of Mar 13th, 12:20 AM UTC

Stocks go up but Boeing is still in trouble

The S&P 500 closed at a record high Tuesday as US stocks took a hotter-than-expected inflation report in stride, underpinned by fresh bullish bets in tech.

Shares of chipmaker Nvidia jumped over 7%, Microsoft climbed 2.6%, and Meta rose 3.3%. Oracle hit new highs jumping over 11% after a positive earnings report.

But, Boeing is having a very poor year and things don't seem to be getting any better.

On Monday, a 787 Dreamliner plunged suddenly mid-flight, injuring dozens of passengers, after a pilot said he temporarily lost control of the aircraft.

The pilot was able to recover and land the plane safely, but it’s not yet clear what caused the LATAM flight from Australia to New Zealand to fall so dramatically. LATAM called it a “technical event.” Boeing said it’s working to gather more information.

Between lawsuits, potential fines and lost business, Boeing could lose billions more dollars from the blowout.

It started in the first weekend of the year, when part of an Alaska Airlines 737 Max blew off the side of the plane just after takeoff. This was followed by an investigation and a temporary nationwide grounding of certain 737 Max jets.

Two weeks ago, the Federal Aviation Administration flagged safety issues with the de-icing equipment on 737 Max and 787 Dreamliner models that could cause engines to lose thrust.

Then, last week, Boeing got more bad news: The NTSB said Boeing has not yet provided the company’s records documenting the steps taken on the assembly line for the door plug replacement on the Alaska Airlines jet. Boeing’s reason: Those records don’t actually exist.

FAA says Boeing is dealing with a lot of issues and this is putting pressure on the company. It doesn’t only have to win back flyers but also airlines that are losing trust in the company and worry about competitors taking the lead.

Sponsored by Snowball

Looking to connect with entrepreneurs who truly get it?

Welcome to Snowball.

A community where successful entrepreneur-investors give, and get, advice, private deal flow, share wins and hard lessons, strategies, and more.

It’s a non-hype group. In Snowball, you'll find straight-up knowledge bombs, dealflow, discussions, and unfiltered advice. Threads packed with insights like a daily masterclass.

This is where your wealth goals meet real life. Every conversation is about growing your wealth and improving your life, in all aspects.

Ready?

💵 Personal Finance

A personal finance course is worth $100,000

Do you wonder why certain individuals struggle to achieve success in areas where others excel? It has a lot to do with literacy. Finance is no different.

There is a strong connection between financial literacy and financial well-being.

This newsletter is a way to educate you about finance and money, but this isn’t (and shouldn’t) be your only tool. There are courses as well and a new report shows that they’re worth the money.

Reports show that there is a lifetime benefit of roughly $100,000 per student from completing a one-semester course in personal finance.

Courses help financially by teaching people how to evade high-interest credit card debt and using improved credit scores to obtain more favorable borrowing rates for crucial expenses like insurance, auto loans, and home mortgages.

But, what makes it interesting is the ripple effect.

Students share this knowledge with their friends and family members resulting in even more economic gains.

The government seems to have realized the importance as well. As of 2024, half of the states either mandate or are in the process of mandating that high school students complete a personal finance course before graduation.

Furthermore, Next Gen's bill tracker shows that an additional 35 personal finance education bills are pending in 15 states.

Real perks: It has been found that students who take personal finance courses early on are more inclined to utilize lower-cost loans and grants for college expenses, rather than resorting to private loans or high-interest credit cards.

Moreover, students are more likely to pursue college education when they are informed about the financial resources accessible to support their expenses.

Further, students with a financial literacy course under their belt tend to have better average credit scores and lower debt delinquency rates as young adults.

Not just this, it’s also linked to your wealth. It is believed that there is a positive correlation between teenage financial literacy and the accumulation of assets and net worth by the age of 25.

Adults with higher levels of financial literacy experience less difficulty in meeting their expenses each month, are more inclined to make full and timely loan payments, and are less likely to be burdened by debt or classified as financially vulnerable.

Moreover, they are more inclined to save money and prepare for retirement.

The most important thing is to choose the right course. We present to you the Morning Download Financial Freedom Course designed for people that wish to achieve financial freedom and retire easily.

Be a PRO member today and get access to this course and many more perks, including top stock picks. (First month free for new members)

Also, you can still be a part of our live “Make money with AI” webinar, set for today at 9 PM EST.

💰 Be a Better Investor

👩🏽‍⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.

Advertise with Us