Earnings Update And GDP Is As Good As It Gets

4Q 2022 GDP Report Has Troubling Details For Future Growth Expectations getty Earnings season moved into the heart of the schedule last week, with 89 S&P 500 companies reporting. Despite the overall earnings picture deteriorating, the S&P 500 rose by almost 2.5% for the week. The better-than-expected fourth-quarter GDP growth did lift hopes that the…

Alphabet’s Massive Layoffs Fuel $50 Billion Market Rally—And Analysts Expect More Job Cuts Will Boost Tech Stocks

Topline Google parent Alphabet and online retailer Wayfair on Friday became the latest tech stocks to rally after issuing massive layoff announcements to help curb costs ahead of a potential recession—a phenomenon analysts believe will continue throughout the year, boosting market values but possibly pushing millions of people into unemployment—which will give a recession a…

Only Half Of Wall Street Disagrees With The Federal Reserve

Fed Chair Jerome Powell gives news conference as traders work at NYSE (Photo by Spencer Platt) Getty Images The Federal Reserve’s current interest-rate-raising policy focuses on conquering too-high inflation. Wall Street’s future analysis anticipates the Fed’s success, thereby producing lower, stable inflation and interest rates. Therefore, there is no apparent disagreement between the Fed and…

Fed Economist’s Study Shows Harm Of Government-Spread Misinformation On Small Loans

The “Twitter Files” have made some shocking revelations about government entities muscling social media companies to de-platform people in the name of preventing so-called misinformation. My colleague Jessica Melugin, Director of the Competitive Enterprise Institute’s Center for Technology and Innovation, decried “the use of government coercion to pressure these companies to make politically-motivated decisions they…