artificial intelligence, technology, robot-7834467.jpg

Today in the Market (1/11/2024)

Good Morning! On Thursday, U.S. equities rebounded from previous declines and closed the day with little change after a recent report on December inflation exceeded analysts’ expectations, leading to uncertainties about the Federal Reserve’s approach to interest rates. 

The S&P 500 almost made a full comeback but finished lower by 0.07%, while the Dow Jones and NASDAQ finished barely in the green by 0.04% & 0.00% (up by $0.54), respectively. 


Hertz Global Holdings Inc. (HTZ) intends to sell one-third of its electric vehicle fleet in the U.S. and use the proceeds towards acquiring gas-powered automobiles. This decision is prompted by the lackluster demand and excessive maintenance expenses associated with its battery-powered alternatives.

So how many EVs are they selling? The rental company said in a regulatory filing that sales of 20,000 electric vehicles (EVs) had started last month and would persist till 2024. Hertz will report a non-cash charge of about $245 million in its fourth-quarter financial results, specifically for additional net depreciation expenditure.

Why does this matter? The sudden reversal, after Hertz’s 2021 announcement to purchase 100,000 Tesla Inc. vehicles, highlights the declining interest in EVs in the U.S. The growth of EV sales had a significant deceleration during 2023, with an increase of just 1.3% in the last quarter. The increased costs and loan rates may be to blame for this slowdown.


artificial intelligence, technology, robot-7834467.jpg

OpenAI has introduced the GPT shop, a platform that allows paying users of ChatGPT to exchange their own customized bots, referred to as GPTs, or get others’ bots at no cost. The store’s opening, originally scheduled for November, was postponed due to the controversy surrounding the Sam Altman-OpenAI board kerfuffle.

What will you find? OpenAI reports that there are already three million customized chatbots in existence. These include a chatbot developed by AllTrails that provides recommendations for hiking trails, as well as a chatbot specifically designed to generate blog entries that are optimized for search engine optimization (SEO). The GPTs in the shop are classified according to their specific functions, such as writing or productivity. Additionally, the business intends to provide a scoreboard in the future to showcase the highest-performing GPTs.

However, there are still questions to be answered… First is the method of payment for builders. OpenAI has said that it will unveil a payment structure within the first quarter, which will depend on user participation. However, they have not provided any more information about this.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?