πŸ“Š Consumer Confidence Plummets to Record Low

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸ”„ Ramaco initiates $100 million share buyback
πŸ“‰ Consumer confidence hits lowest since tariffs
πŸš€ U.S. GDP growth surpasses expectations in Q3
πŸ“Š U.S. economy grows 4.3% despite inflation worries
πŸ›‘ FCC bans new foreign-made drones, citing security
🎁 +8 more stories you might like
πŸ”„ Ramaco Resources Launches $100 Million Share Buyback Program Link
  • Ramaco Resources has initiated a share repurchase program worth $100 million over the next 24 months.
  • The program aims to return capital to shareholders and reflects confidence in the company's financial strength.
  • Repurchases will be made opportunistically, with no obligation to buy back shares.
πŸ“‰ Consumer Confidence Falls to Lowest Since Tariff Introduction Link
  • Consumer confidence has dropped to its lowest level since the introduction of tariffs in April.
  • High prices and tariffs are the main concerns among consumers, affecting their economic outlook.
  • The labor market shows mixed signals, with job creation slowing and unemployment rising.
πŸš€ U.S. Economy Surpasses Growth Expectations in Third Quarter Link
  • The U.S. economy grew at a 4.3% annualized rate in Q3, exceeding forecasts.
  • Consumer spending played a significant role in driving the economic growth.
  • The growth comes amid a backdrop of tariffs and delayed data due to a government shutdown.
πŸ“Š U.S. Economy Grows at 4.3% Rate Amid Inflation Concerns Link
  • The U.S. economy expanded at a 4.3% annual rate in Q3, driven by consumer and government spending.
  • Inflation remains a concern, with the PCE index rising to a 2.8% annual pace.
  • Despite strong growth, inflation pressures continue to challenge the Federal Reserve's targets.
πŸ›‘ FCC Bans New Foreign-Made Drones Over Security Concerns Link
  • The FCC has banned new foreign-made drones, citing national security risks.
  • The decision affects Chinese drone makers like DJI and aims to bolster U.S. domestic production.
  • The move is part of broader efforts to secure supply chains and reduce reliance on foreign technology.

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  • πŸ“ˆ US economy grows 4.3% in Q3, beats forecasts (Link)

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