From Dow Jones & Company:

1. AI Stocks Fall: Giants like C3.ai and Soundhound.ai utilize artificial intelligence for business purposes while smaller AI stocks struggle, many losing over 90% of their value in 2024.
2. U.S. Economy: Growth slows to 2% in the first half of 2024 and contracts by 2% in the fourth quarter.
3. Tech Company Exodus: Several tech giants, each valued at over $50 billion, announce plans to relocate from California to Texas.
4. ChatGPT Drama: Microsoft struggles to monetize ChatGPT partnership, leading to stock decline and Sam Altman’s firing.
5. Predictions for 2024: Inflation around 3-4% causes market concerns, with Nasdaq and large-cap tech stocks seeing mixed performance.
6. Crypto and Market Predictions: Bitcoin and Ethereum face volatility while other high-flying cryptos fall sharply, leading to heightened SEC enforcement.
7. Oil and Gold: Oil sector sees volatile trading, finishing at $77 per barrel, while gold remains stable, ending at $2047.
8. EV Industry: Legacy automakers struggle with EV strategies as buyers avoid poor software and charging networks, leading to billion-dollar write-downs and stock declines.



Read more: Opinion: 10 predictions for stocks, crypto, AI, gold and bonds in 2024