This year the median age is even higher |
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Rare bees are apparently raging against the machines after refusing to buzz off land that Meta had earmarked for building nuclear-powered AI data centers. For Zuck it’s a buzzkill.
Stocks slipped yesterday as investors cautiously await Election Day results. Markets might be volatile for the next few weeks — or months — as everything shakes out. |
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The renter generation… The wooden salad bowl industry must be reeling: housewarming gifts could be in danger. The median age of first-time home buyers in the US rose to a record 38 this year, up from 35 last year. And the median age of all US homebuyers rose to 56 from 49. Fewer than a quarter of purchased homes were bought by first-timers, a four-decade low. Housing affordability has been a big issue in this election, and the fresh housing data is another sign that younger generations are being boxed out of home ownership.
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- Older + richer: The median income of first-time buyers climbed to $97K and their down payments rose to 9%, a more than 25-year high. Nearly a third of repeat buyers used cash.
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Racial disparity: 83% of US home buyers were white, up from 81% last year, though more than a third of first-time buyers were non-white.
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Four walls, a roof… and a White House. In September, existing-home sales fell to a 14-year low and home prices hit a monthly record (a median of $404K). That has many young Americans — a key voting demographic — feeling dejected that they can’t afford a white-picket fence. To win them over, both the Harris and the Trump campaigns have offered housing solutions. VP Harris has pitched a plan to build 3M new housing units, proposed a $40B fund to jump-start local building, and suggested up to $25K of down-payment assistance for some first-time buyers. Former President Trump has said he’ll open federal lands for housing development, eliminate some regulations to make it easier to build, and bring down mortgage rates (note: presidents can’t directly do this).
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Homeownership is a key to wealth… As house prices skyrocket, the gap between homeowner and renter wealth is growing: in 2022 it reached a median of $390K. While renting is typically more affordable monthly, renters aren’t building equity with the money they spend on housing and can’t benefit from the rise in home values. For Americans looking to build generational wealth, home ownership is becoming more important — and more expensive — than ever. |
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Meet the mini… The Bitcoin Mini from Grayscale is the lowest-cost1 way to gain exposure to Bitcoin through your existing brokerage or retirement account (though brokerage fees may still apply). With Grayscale Bitcoin Mini Trust ETF (ticker: BTC), you’re investing in a Bitcoin fund — so you don’t need a separate crypto wallet or account like you would to hold bitcoin. Just search for “BTC” wherever you trade.
Grayscale is a crypto-focused asset manager, meaning all of its investment funds offer different exposure to the crypto asset class through familiar investment vehicles. It’s a way to get the value of crypto without switching platforms.
Grayscale’s suite of 20+ different funds also cover Solana, Filecoin, Chainlink and others for investors to choose from. Think Crypto, invest Grayscale.2 |
Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. |
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Meet the mini… The Bitcoin Mini from Grayscale is the lowest-cost1 way to gain exposure to Bitcoin through your existing brokerage or retirement account (though brokerage fees may still apply). With Grayscale Bitcoin Mini Trust ETF (ticker: BTC), you’re investing in a Bitcoin fund — so you don’t need a separate crypto wallet or account like you would to hold bitcoin. Just search for “BTC” wherever you trade.
Grayscale is a crypto-focused asset manager, meaning all of its investment funds offer different exposure to the crypto asset class through familiar investment vehicles. It’s a way to get the value of crypto without switching platforms.
Grayscale’s suite of 20+ different funds also cover Solana, Filecoin, Chainlink and others for investors to choose from. Think Crypto, invest Grayscale.2 |
Grayscale Bitcoin Mini Trust ETF ("BTC"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. |
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Out with the old… Legacy chipmaker Intel will be removed from the Dow Jones this week after 25 years in the blue-chip index. The Dow tracks the stocks of 30 major public US companies (typically industry leaders with long, profitable track records). Coke, McDonald’s, Nike, 3M and Chevron are a few of the Dow’s power players. Intel will be replaced by chip rival Nvidia, whose shares are up 2,500% over the past five years (Intel's have fallen 60% in that same period).
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- Short circuit: Intel beat Q3 estimates last week but reported a massive quarterly loss of $16.6B, driven mostly by restructuring and write-off charges.
- Long game: In August, Intel laid off 15K employees and said it would stop “non-essential work” in hope of cutting $10B in costs next year.
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Bad intel… For decades, Intel was Silicon Valley’s biggest chipmaker as its PC processors dominated computing. But its relevance has waned as AI computing booms, led by Nvidia’s processors. Intel’s revenue has been falling since the pandemic PC-buying frenzy ended. To compete with Nvidia, Intel launched its own AI processors but has struggled to catch up: last week the company scrapped a $500M sales goal for its Gaudi 3 AI chip. Meanwhile, Nvidia’s revenue has more than doubled in each of the past five quarters, and its profit has ballooned thanks to insatiable demand for its AI chips.
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It’s a changing of the guard… Nvidia replacing Intel shows how AI chips are outpacing traditional processors as a driving force in tech. As the only pure-play chipmaker in the Dow, Nvidia could represent the new face of the semiconductor industry. In 2015, Apple replaced AT&T in the Dow as consumer electronics — namely iPhones — began to overshadow traditional telecom. And this year ecomm titan Amazon replaced brick-and-mortar Walgreens.
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Despite account transfers being against the rules of most social-media platforms, the practice is widespread — and lucrative. Read more. |
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Lift off… Atombeam’s data compaction technology is reducing the size of IoT data messages by an average of about 75% — and the U.S. Space Force, Air Force and Saab have all been on the company’s customer books.
Gaining momentum… 6500+ shareholders have already invested $16M+ in Atombeam’s prior and current offerings. One offering even included a sell-out round. The live opportunity is only open thru December 18 — invest in Atombeam’s vision until then.3
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Lift off… Atombeam’s data compaction technology is reducing the size of IoT data messages by an average of about 75% — and the U.S. Space Force, Air Force and Saab have all been on the company’s customer books.
Gaining momentum… 6500+ shareholders have already invested $16M+ in Atombeam’s prior and current offerings. One offering even included a sell-out round. The live opportunity is only open thru December 18 — invest in Atombeam’s vision until then.3
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- New York Times tech staffers went on strike yesterday, which could throw one of America’s largest newsrooms into Election Day upheaval.
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Marriott's still waiting for its “White Lotus” moment: the hotel chain cut its profit forecast as sluggish travel in China weighed on its bottom line.
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AstraZeneca said its experimental GLP-1 obesity pill was well tolerated in an early study. Pfizer’s also trying to cash in on the weight-loss-drug boom with a pill.
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$4 cocktails can’t keep TGI Fridays afloat: the chain filed for bankruptcy, following Red Lobster and Buca di Beppo.
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Meta said Threads has 275M monthly users, up 83% from April; X had 330M users when it last publicly reported as Twitter, in 2019.
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Election Day in US
- Earnings expected from Ferrari, DuPont, Yum Brands, Marathon Petroleum, Nintendo, and Thomson Reuters
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Authors of this Snacks own shares of: Amazon, Apple, and Nvidia |
Advertiser's disclosures:
1 Lowest cost is based on gross expense ratio at .15%. 2 Please read the prospectus carefully before investing in the Trust. Foreside Fund Services, LLC is the Marketing Agent for the Trust.
Investing involves significant risk, including possible loss of principal. The Trust holds Bitcoin; however, an investment in the Trust is not a direct investment in Bitcoin. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a
broader range of industries. Extreme volatility, regulatory changes, and exposure to digital asset
exchanges may impact the value of Bitcoin and, consequently, the value of the Trust. Digital
assets are not suitable for an investor that cannot afford the loss of the entire investment.
3 This is a paid advertisement for Atombeam’s Regulation A+ Offering. This Reg. A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. Please read the Offering Circular and related risks at Atombeam’s webpage on StartEngine before investing.
In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion. This was a paid for ad. Sherwood Media has been compensated for this ad by the Atombeam Reg A+ Campaign hosted on StartEngine.
Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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