A look at the events that are sure to make the market move next week — the final week of 2019!
Illinois is ringing in the new year by legalizing pot. On January 1st, residents that are at least 21 years old will legally be allowed to possess up to 30 grams of marijuana flower, 5 grams of cannabis concentrate and products infused with half a gram of THC. Non-residents will be allowed to purchase half of those amounts. Stores are planning to open their doors as early as 6am Wednesday to manage the anticipated rush.
Next week is a big travel week as the holiday season comes to a close. AAA says a record 115.6 million Americans will have traveled between December 21st and Wednesday, January 1st. More than 90 percent will travel by car, the most on record. But AAA doesn't expect many delays from the influx in travelers — unless you're in big cities like New York or Washington DC. Traffic in those cities will triple next week.
There's also been a 5% jump in air travel, the biggest year-over-year increase since AAA began tracking this data in 2000.
Not everyone was happy with their holiday presents this year. On January 2nd, National Returns Day, people are expected to deposit 1.9 million packages according to UPS. That's an increase of 26% from last year. Thursday is set to mark the seventh consecutive record National Rreturns Day, following growing e-commerce gift purchases. A rise in returns spells out bad news for retailers, costing up to millions of dollars in lost sales.
Watch Duty CEO, John Mills, talks to Cheddar about how the app works, how it helps people in real time and how people can donate to help those affected.
JP Richardson, CEO at Exodus, discusses bringing Exodus public, his thoughts on the future of crypto markets, and tips to take the first steps into the space.
Jonathan Alter, journalist and author, discusses Trump's threats to take back the Panama Canal, unraveling foreign policy work done by Jimmy Carter in 1978.
Curious as to what your latest streaming bundle will look like? Find out what the future of media looks like from Ken Leon, Research Director, at CFRA. Watch!
Nathan Bomey, Reporter at Axios, discusses where Tesla stands, Musk's relationship with the incoming president and expectations for Tesla throughout 2025.
Senior Writer at Fast Company, Elizabeth Segran, discusses how Sephora has become the dominant beauty retailer and why brands want to sell there. Watch!
Matt Calkins, CEO of Appian, breaks down the recent bipartisan report on AI safety and shares thoughts on future privacy enhancements needed in the space.
