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Tesla & Ford Strike Major Deal, Crypto Meme Coin Is The New Trend, Checking or Saving

- ready for the long weekend?

Author

Zenen Chamizo
May 25, 2023

Newsletter Partner

Check this out:

  • Trend Tracker - Up To Date News and Trends On The Stock Market 📈

  • Hot or Not? - All Your Real Estate Needs 🏠

  • Crypto Chronicles - Basically the Avengers of Crypto! How Cool Is That? 🦸‍♂️

  • Money Moves - Who doesn’t wanting to be making money moves? Latest on your Personal Finance.

📈 Trend Tracker

🤝 Ford Motor Co has reached an agreement with Tesla Inc to allow Ford electric vehicle owners access to Tesla's Superchargers in North America starting in 2024. This partnership makes Ford the first major automaker to adopt Tesla's charging standard, addressing a key obstacle to electric vehicle adoption. Tesla plans to open its charging design to other automakers, and Ford will equip future EVs with Tesla's standard from 2025. The collaboration was announced by Ford CEO Jim Farley and Tesla CEO Elon Musk during an online conversation on Twitter Spaces.

📈 Wall Street closed higher as Nvidia's strong forecast boosted its stock and AI-related companies. Nvidia's shares surged 24%, and investors traded nearly $60 billion worth of its shares. Intel dropped 5.5%, while Microsoft and Alphabet rose. Wall Street remained cautious amid U.S. debt ceiling talks.

⬆️ Revised first-quarter economic data shows faster growth than expected despite higher inflation. Jobless claims are not piling up as anticipated, challenging recession predictions. Strong consumer spending, improved technology demand, and positive earnings forecasts indicate potential for another quarter of growth. The Atlanta Fed projects 2.9% GDP growth for Q2.

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🏠 Hot or Not?

⭐️ Page Turner, the star of HGTV's "Fix My Flip," shares insights on house flipping and real estate. She emphasizes the importance of understanding the local market and avoiding budgeting mistakes. Turner also recommends homeowners incorporate budget-friendly design updates and shares her thoughts on trendy designs, high-end appliances, and working in expensive markets. She also shares a surprising experience from the show and the importance of recognizing when to walk away.

🏠 A Joshua Tree home in California underwent a two-year restoration, resulting in an impressive design transformation. Originally listed for $875,000 in September 2022, the remarkable property is now priced at $779,000. The current owner, who purchased it as a fixer-upper, has invested significant effort into its renovation, according to listing agent Faisal Alserri from Sharon Rose Realty.

Crypto Chronicles 💥

🪙 The crypto meme coin market continues to experience a frenzy, as new coins emerge daily and investors eagerly search for the next big success. DEX Tools highlights the top five trending ERC-20 coins based on Ethereum on their decentralized exchange analysis website.

✔️ Nike's .SWOOSH Web3 platform launched its first NFT sneaker collection, generating over $1 million in sales despite delays and technical issues. The "First Access" sales were limited to select users with airdropped "posters," while the "General Access" sale aimed to sell the remaining NFT inventory.

📉 Turbo Coin (TURBO) and Il Capo of Crypto (CAPO) token, listed on OKX and ByBit, experienced significant declines in value. TURBO fell over 40% to $0.00036, while CAPO dropped nearly 60% to $0.007. These declines occurred amidst increased activity in the crypto meme coin sector.

💸 Money Moves 💰

🏦 Checking and savings accounts provide distinct advantages and restrictions, necessitating the use of both for effective money management. Multiple accounts of each type can be maintained if necessary, provided diligent oversight is maintained to effectively monitor all transactions and balances.

💰 The NCUA is a federal agency that supervises credit unions and provides insurance for deposits, similar to the FDIC's role for banks. It safeguards up to $250,000 per person, per credit union, and per ownership category, which defines the account's ownership.

You got it! Alright, financial mavericks, it's time to wrap up today's discussion. But fear not, we can keep the conversation going like the true money mavericks we are.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.