☑️ That’ll do. Fed officials think they’re done with rate cuts, according to October meeting minutes. Barring any catastrophic occurrences, like, oh, I don’t know, trade talks falling through entirely and resulting in an all-out trade war between the US and China, rates would remain in the 1.5% to 1.75% range.
☑️ Speaking of trade wars …The markets took a tumble on Wednesday, on word that the US and China likely wouldn’t be reaching a trade deal by the end of the year. The S&P had its worst day in more than a month, falling 0.38%. The Dow and Nasdaq also fell. Concerns about the trade deal began to bubble up as China threatened to retaliate against the US over a Senate-passed bill supporting autonomy for Hong Kong.
☑️ To search! Google is taking Twitter’s lead, restricting political ads from its platform. The ban will take effect within the week, starting in the UK as they have a general election coming up on December 12th. Under the new rule, ads can only be targeted based on users’ age, gender, and location. The rest of the world will have the rules in place by January 6th, just in time for the 2020 sh*t show.
☑️ Pass that sh*t. The House Judiciary Committee approved a bill that would effectively decriminalize weed on a federal level. The legislation, approved 24-10, will also authorize a 5% sales tax on the devil’s lettuce, and expunge prior convictions for weed-related crimes. The bill now faces the full House for a vote. Unfortunately for the 420 friendly among us, the bill has to still get through the Senate before it becomes law, and there the bill stands a joints chance at a Dave Matthews concert of being approved.
☑️ Same day savings. Target’s CEO wants you getting your goods the same day. It’s not because he hates making people wait, though. It’s because around 90% of the transaction cost is cut when same-day pick-up is selected, due to the lack of resources being used at distribution centers. Target Chief Brian Cornell might be onto something, as Target released its earnings on Wednesday, showing a 31% growth in digital sales, with 80% of that number being driven by same-day pickups.