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.
AI is reshaping investigations. Longeye CEO Guillaume Delepine shares how their AI workspace empowers law enforcement to uncover insights faster and smarter.
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
