Learn the art of investing in the layers of the Metaverse with these expert tips. 
Stock Market Winners & Losers: Market Rally Continues | Holiday Spending to be Up Big | VR Market Shrinks as Meta’s Metaverse Loses Bill
Winner: Market rally continues
• Stocks were higher as the market tried to extend its recent rally.
• Stocks have hit rally mode as of late, with last week’s indication of three likely interest rate cuts from the Federal Reserve in 2024 providing another catalyst for the market.
• Signs of cooling inflation and a pullback in Treasury yields have also helped risk assets during what’s already a typically strong season for equities.
• The S&P 500 has a higher likelihood of rallying than retreating if it reaches an all-time high,
• Social Security Is Giving Retirees a Raise of 3.2% or $50 in 2024. It Won’t Be Enough as older adults are paying for auto insurance, rent, and other essentials. The average will be $1,907 but the maximum benefit will go up to $3,822 per month if you wait until 70.
Other Stories
• Apple must halt certain Apple Watch sales on December 24 after losing a patent dispute with medical technology company Masimo.
Winner: Holiday spending to be up big
• It looks like it’s going to be both a green and a blue Christmas.
• Intended holiday spending per person jumped 31% to $1,300 this year.
• Yet, 66% percent of Americans are negative about the current state of the economy and the outlook.
• Among those spending more, 32% say it’s because they are being paid more or have higher incomes.
• Meanwhile, among those spending less this year, 37% say it’s because of inflation.
• 38% expect to spend between $501 to $1,000 on holiday gifts—no small amount.
• Another 24% are prepared to splurge, with more than $1,000 budgeted.
• Very few (3%) Americans are opting out of gift giving this year.
• 42% shared that they will add at least $501 to their credit card debt balances
• 62% of Americans are living paycheck to paycheck
Loser: VR market shrinks as Meta’s Metaverse Lsoes Billions
• Meta is spending billions of dollars a quarter to fulfill CEO Mark Zuckerberg’s dream of a futuristic virtual world that he calls the metaverse.
• The virtual reality market is contracting.
• Sales of VR headsets and augmented reality glasses plummeted nearly 40% to $664 million in 2023, as of Nov. 25.
• Meta’s VR and AR Reality Labs unit lost $3.7 billion in the third quarter on sales of $210 million.
• In total, the division has lost about $25 billion since 2022.
• Meta debuted a new Quest 3 VR in October, starting at $499. Sales have been strong enough
• Apple unveiled its Vision Pro mixed-reality headset, which is slated to hit the market early next year at a starting price of $3,499.
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