Will the Economy Continue to Improve in 2014?

Weekly Wrap Up

This week we saw an end to 2013 and the beginning of 2014. On Thursday, the first day of trading, the stocks ended down and experienced its worst opening day since 2008. While 2014 didn't start off great, 2013 was announced as the best year for the stock market since 1997. Many economists are speculating what we should expect out of 2014 and right now many are split on whether the economy will continue to improve or not. Those who think it will continue site that the housing market seems to be really recovering, state and local governments are now hiring again, inflation rates remain low, and the federal government seems to be keeping quiet for now.

Despite Snapchat believing they took all the necessary precautions, 4.6 million users were victims of a security breach.
The individuals who were victims are at risk of having their names and phone numbers released. To combat this in the future the CEO announced that they will be launching a new version very soon. Target (TGT) announced this week that in addition to their massive security hack, 40,000 gift cards were not activated properly.

Economic News

Economic Outlook '14: Hopes for Big Step Forward
The economy abounds with hopeful signs as the new year arrives, enough that the Federal Reserve will begin to put its easy-money punch bowl on a higher shelf by trimming its bond purchases this month. (Source: USA Today) Click here to read the full article

Car Sales Make a Strong Comeback in 2013
Ford posts a modest sales increase, while Chrysler reports its best December in six years. Industry-wide sales also forecast to be strong. (Source: CNN) Click here to read the full article

Business News

Five Stocks to Watch in 2014
2013 saw the market make over 50 new all-time highs. Can the bull keep running in 2014? This year’s “Five Stocks to Watch” include Twitter (TWTR), which had their initial public offering in November and proceeded to climb +180 percent before selling off sharply last week. (Source: InvestorGuide) Click here to read the full article

Shares of the Boeing Company (BA) closed down -0.98 or -0.72 percent on Monday to $135.92 per share, after news that the company may not build its new 777X in Washington State. Boeing has been embroiled in talks with Washington’s largest machinist union, which rejected Boeing’s latest contract in November. (Source: InvestorGuide) Click here to read the full article

Shares of the FireEye Inc. (FEYE) were trading at $51 per share, up +9.87 or + 24 percent in pre-market trading on Friday, after the company announced late Thursday it would be taking over rival Mandiant Corp. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Two Facebook users this week filed a class action complaint against the social network, Ars Technica reports, alleging that the messaging system inside Facebook is not as private as it’s advertised to be, and that the company actively mines for data from personal messages and generates likes based on the content exchanged between users. (Source: Yahoo News) Click here to read the full article

T-Mobile CEO's 2014 Resolution: Transform the Wireless Industry 
T-Mobile’s chief executive John Legere is known to be bold and boisterous, and it looks like he has no plans to quiet down in 2014 — provided Sprint’s potential upcoming bid to acquire T-Mobile doesn't sideline the CEO’s big plans for the new year. (Source: Yahoo News) Click here to read the full article

Your Money

4 Money Resolutions to Make Now 
With 2014 around the corner, you might be thinking of changes to make - whether it's to hit the gym more often or to finally take that cross-country road trip. But when you're making those resolutions, don't forget about your wallet. (Source: CNN Money) Click here to read the full article

Avoid These 10 Common Tax Mistakes
Just because the calendar has officially turned the page doesn't mean you can forget about last year just yet: Now’s the time to start thinking about and preparing your 2013 tax returns, which the IRS will begin accepting at the end of this month. (Source: Yahoo Finance) Click here to read the full article

Published on Jan 3, 2014
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

Posted in ...