🎉 Stocks go higher

and construction spending rises

Good morning investors! Ripple is about to hit $3, and is already at its highest in 6 years after jumping over 434.69% in the last 25 days.

Today we cover:

  • US construction spending jumps

  • Stocks continue to hit new highs

  • Living a secure financial life

📊 Economy and News 

U.S. Construction Spending Rises in October, Driven by Single-Family Homes

U.S. construction spending increased by 0.4% in October, surpassing economists' expectations of a 0.2% rise, according to the Commerce Department. This marked a 5.0% year-on-year gain.

Private construction spending grew 0.7%, with residential investment up 1.5%. Single-family homebuilding rose 0.8%, despite mortgage rates rebounding from recent lows. Limited inventory of new homes, at levels last seen in early 2008, could constrain future gains in this segment. Multi-family housing and home renovations also saw modest increases.

However, residential spending, including homebuilding, has weighed on economic growth for two consecutive quarters.

Non-residential private construction fell 0.3%, with declines in commercial, healthcare, educational, and recreational facilities. Public construction spending also dropped 0.5%, driven by a 0.6% decrease in state and local government projects, which outweighed a slight rise in federal government spending.

Global hits:

  • India home prices to rise 6.5% in 2025, driven by demand from wealthy as the country takes steps to achieve 6.5%-7% GDP growth target.

  • UK economy to still feel tariff impact even if not directly targeted, says UBS.

  • Italy's tax system under scrutiny as study shows it favours rich.

Do you think taxes favor the rich?

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Good bye: Stellantis CEO Carlos Tavares steps down. On. theother hand, Intel CEO resigns after a disastrous tenure.

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RYSE makes it easy to automate window coverings, helping homeowners upgrade to smart living in minutes. And with partnerships with major retailers like Home Depot, Lowe’s, and BestBuy, RYSE is rapidly expanding its footprint in a market growing 23% annually.

At just $1.75 per share, you can invest in this game-changing company before their next wave of growth.

📈 Stocks

S&P 500 6,047.15 (+0.24%)
DJIA 44,782 (-0.29%)
NASDAQ 19,403.95 (+0.97%)
BRENT CRUDE 71.95 (+0.15%)
* Prices as of Mar 3rd, 12:20 AM UTC

December starts with a new record

The S&P 500 and Nasdaq Composite kicked off December with record highs, extending their strong momentum from November.

Tesla shares climbed by approximately +3.5%, bolstered by an upgrade to "buy" from Roth MKM. The firm pointed to CEO Elon Musk’s rapport with President-elect Donald Trump as a factor driving optimism. Meanwhile, artificial intelligence server manufacturer Super Micro Computer saw an impressive surge of nearly +29%. This rally followed a special committee’s findings that the company’s financial statements were “materially accurate,” with no evidence of misconduct uncovered.

Amazon also gained over +1% as the holiday shopping season gained traction, fueled by strong Cyber Monday sales.

Good to know: GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion.

Chinese manufacturers impress: Automakers like BYD, Leapmotor and Xiaomi have surpassed their annual delivery targets a month early as the year draws to a close.

Zeekr, Xpeng and BYD had record monthly deliveries in November.

And amid China’s price war, Tesla has slashed Model Y prices by 10,000 yuan to 239,900 yuan through Dec. 31.

💵 Personal Finance

Remember these tips for a secure financial life - Part II

Here are some more tips to improve your financial situation:

Budget and stick to it

Once you have gone through some personal finance guides or videos, sit down and create a budget. These days, it's easier than ever thanks to budgeting apps YNAB.

These apps come with both paid and free features and can make your life easier. They allow users to perform a variety of tasks such as setting financial goals, managing investments, categorizing spending, and more.

Those who do not want to use an app can stick to the traditional method or use tools like Excel and Microsoft Word.

Save and make money

The only way to grow wealth is to save what you make and earn more. Here’s what you need to do

  • Find a better job and don’t be afraid of asking for a raise. If you think you deserve it then you probably do.

  • Look for side gigs. Freelancing can be a great way to earn money with many freelancers making over $50 per hour.

  • Start an emergency fund and use it only for emergencies. Also, try to keep at least 6x of your monthly expenses in your emergency funds.

Don’t be afraid of trying new ways to earn and save money. For example, you can automative savings, invest in stocks, etc.

It’s never too early to save for retirement so start today with your retirement savings plan.

Understand taxes and insurance

Taxes and insurance are two very complicated areas. However, it’s important that you understand each to be able to save money and stay away from legal issues.

Pay taxes but be smart. Know how you can save tax money. There are tax incentives and rebates that can reduce your tax burden. Similarly, go for insurance as it can protect you in case of a mishap.

This is important even when insurance is not mandatory.

Now that you know what to do to manage money, we suggest you watch this video to know what not to do:

💰 Be a Better Investor

“As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.”

Benjamin Graham

Resources:

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