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🤝 Discover How to Automate Your Sales and Marketing
James Miller
January 30, 2025
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Business News
US Economy Grows Slower Than Expected in Q4
The US economy grew at a slower-than-expected pace of 2.3% in the fourth quarter, below the 2.6% forecast by economists, and down from the 3.1% growth in Q3. Consumer and government spending were key drivers of growth, though a decline in business investment and a drawdown in inventories tempered the overall pace. For the full year, the economy grew by 2.8%, slightly below 2023’s 2.9%. Meanwhile, the core Personal Consumption Expenditures index rose by 2.5%, meeting expectations. As the Federal Reserve holds interest rates steady, markets now predict less than a 50% chance of rate cuts before June 2025.
Apple's Future Hinges on AI's Impact
Apple Inc.’s stock saw a 0.3% increase on Thursday, showing its biggest four-day gain since June, yet it remains down 4.3% in 2025, underperforming the tech sector. The release of DeepSeek's AI model, which offers strong results with fewer resources, has led to optimism that cheaper AI could revitalize Apple’s iPhone sales, driving an upgrade cycle. Despite this, Apple's valuation remains high, with shares trading at 32 times estimated earnings—50% above its 10-year average. Although the company’s growth has been sluggish, with negative revenue growth in five of the past eight quarters, some believe AI adoption could turn things around, even if the benefits won't be immediate.
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Tip of the Day
Use Social Proof to Build Trust
Showcase customer testimonials, reviews, or case studies to establish credibility and trust with potential customers. People are more likely to buy when they see others' positive experiences.
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