Money
Why are car prices so high?
Why are new cars getting expensive in the U.S.? And what is this leading to? The higher prices of cars means more Americans are getting themselves into more debt
A new report by Experian says new vehicle loans have reached a new high, standing at $40,290 dollars.
That means on average- payment to that loan would be more than $650 dollars a month.
That is 15% higher from the same period last year.
Another indication of these high loans is that- it now takes an average of almost 70 months to pay off the entirety of these loans.
But it’s not only new car buyers who are in debt.
Used car buyers are also taking out loans, and the average loan for them increased by nearly 19% to $28,534 dollars.
That means paying around $515 dollars a month.
The federal Reserve has been raising interest rates to lower inflation- but according to Reuters “prices of new vehicles in the United States have been rising faster than the overall inflation rate.
Further adding, that Automakers say they still cannot keep pace with demand because of shortages of semiconductors and other supply chain problems.
A separate report from J.D. Power observes that the average price of a new car hit a record high of $46,259.
And more data from Experian demonstrates an increased number of Americans are looking to buy second hand vehicles due to the high prices, with more than 60 percent of buyers getting a loan for a used car.
With supply chain problems and a post-pandemic recovery period, there are others too around the world complaining of high car prices.
But only time will show whether getting a new car will become harder or easier.
Money
Australia inflation report and Nvidia earnings impact explained
Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.
Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.
Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.
David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.
On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.
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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights
Money
U.S. stocks rally as AMD, Home Depot, and AI software lead gains
U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.
U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.
U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.
DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.
The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.
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Money
Stocks tumble amid AI concerns and Trump tariff update
Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.
Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.
Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.
Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.
Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.
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