In other news, Gen Zers are increasingly living with their parents to save money, a trend that could have long-term emotional costs. Meanwhile, the decreasing birth rate among millennials could negatively impact the economy. On the tech front, AI is experiencing a significant moment, similar to the internet in 1995, with Nvidia leading the charge. Finally, employers are reportedly using discreet tactics to cut headcount and avoid public backlash following the pandemic-induced job market shakeup.
Key takeaways:
- Former President Donald Trump secured a victory in the South Carolina GOP presidential primary, indicating a potential rematch with President Joe Biden in the 2024 presidential election.
- While stocks generally perform better under Republican presidents, the tax breaks and fiscal expansion that pushed stocks higher under Trump might not be replicable, and escalating a trade war with China could negatively impact markets.
- Opinions are divided on the impact of Trump's potential return, with non-American executives expressing concerns, while US executives seem less worried.
- Gen Zers are increasingly living with their parents to cut costs and save money, but this could end up costing them more in the long run, while millennials having fewer kids could negatively impact the economy.