Thumzup diversifies by investing $1M in BTC.

From Investing.com

January 7, 2025 2:01:13 pm:

1. The stock market experienced a record-breaking day with the S&P 500 hitting an all-time high of 4,352.34, up 0.4%. The Dow Jones also rose by 0.2% to 34,575.31, while the Nasdaq climbed 0.1% to 14,665.06.

2. In economic news, the US added 850,000 jobs in June, surpassing expectations of 706,000. The unemployment rate also improved to 5.9% from 6.1%. These positive numbers signal a strong recovery for the US economy.

3. The housing market continues to boom, with home prices rising by 13.2% in the past year. Low mortgage rates and high demand have fueled this growth, making it a seller’s market across the country.

4. On the international front, tensions between the US and China are escalating, with the US imposing sanctions on Chinese officials over Hong Kong. China retaliated by imposing sanctions on US individuals and entities, further straining relations between the two countries.

5. Lastly, in tech news, Apple announced plans to release a new iPhone model in the fall, featuring 5G capabilities and improved camera technology. The new model is expected to drive strong sales and further solidify Apple’s position in the smartphone market.

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1. The S&P 500 closed at a record high on Friday, driven by strong earnings reports from major tech companies like Amazon and Alphabet. The index rose 1.2% to end the week at 4,411.79.

2. Tesla reported better-than-expected earnings for the second quarter, with revenue reaching $11.96 billion. The electric car maker also announced plans to open new factories in Texas and Germany.

3. The Federal Reserve announced no changes to its monetary policy but hinted at potential tapering of asset purchases later this year. Chair Jerome Powell emphasized the importance of reaching full employment before considering interest rate hikes.: Thumzup Buys $1M BTC to Diversify Liquid Assets By Investing.com