Policy Changes Ahead For The Fed?
The Fed's benchmark federal-funds rate has increased by 0.75 points for the fourth straight time, with the hike approved on Wednesday, bringing it to a range between 3.75% and 4%.
Go Deeper (2 min read)Big Tech Is Crashing
Amazon anticipates fourth-quarter revenue to be between $140 billion and $148 billion, up 2% to 8% from the same period last year. Refinitiv reports that analysts were anticipating sales to total $155 billion.
Go Deeper (2 min read)The Procter & Gamble Company (P&G) is an American consumer goods giant specializing in a wide range of personal care and hygiene products. P&G is one of the world’s largest consumer goods company with net sales of $80.1 B in 2022.
Go Deeper (9 min read)Meesho Is Catching Up
The app, which is only available in India, has 127 million downloads within the same time period compared to 81 million for Amazon and 50 million for Flipkart.
Go Deeper (2 min read)Party Over Profits
Since taking office in 2012, Xi Jinping has prioritized ideological purity, national security, and Communist Party dominance. Additionally, he has insisted on tighter government regulation of the economy.
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Chinese Firms Audits
U.S. officials have begun scrutinizing audits conducted in China, starting a process that will take many months and determine whether companies like Yum China and Alibaba can continue to trade on American stock exchanges.
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The Rising Social Costs
Chris Kempczinski, the CEO of McDonald's, stated that the fast food chain is struggling with violent crime, homelessness, and drug overdoses in its Chicago outlets and urged business and elected leaders to find solutions.
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Home Sellers Are Getting Scarce
As the housing market cools, more homeowners are delaying their sales, causing the biggest drop in active property listings in more than two years. Due in part to a slowdown in homebuyer demand brought on by higher mortgage rates, homeowners are choosing to stay put.
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Tech's Cyber Threats
Uber's internal communications were momentarily hampered by a security breach, providing one of the most glaring examples of how digital businesses with access to the best expertise and resources can still be repeatedly compromised.
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Robinhood, Broken Promises?
The Menlo Park, California-based financial services firm Robinhood Markets, Inc. offers commission-free stock trading, exchange-traded funds, and cryptocurrencies using a mobile app that was launched in March 2015.
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JPMorgan Moves Further Into FinTech
To counter threats from fintech companies like Stripe and Block, JPMorgan Chase has agreed to buy a payments startup named Renovite.
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