Stocks Soar Amid Economic Optimism, But Housing Issues and AI Frenzy Signal Volatility
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Retail investor activity on Robinhood has surged amid the stock market and crypto boom, sending the company's shares to their highest since 2021. However, outlook remains volatile.
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GE and IBM, former Dow blue-chips, are staging comebacks - GE's value has tripled since 2018 and IBM's has surged 82%, outpacing the Dow's 67% increase.
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Investor frenzy over AI has boosted South Korean semiconductor company Leeno Industrial's shares over 70% since November, making its founder and CEO a billionaire.
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Bitcoin has soared to an all-time high, and some enthusiasts feel an upcoming "halving" event could send it to new heights by limiting supply.
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Home prices remain high and inventory low, confusing economists on public pessimism about the economy despite low unemployment and a record stock market. Housing issues could impact November elections.