Is Big Tech's R&D Spending Actually Hurting Innovation in the U.S.?
Innovation may not be what big companies are best at, but no other kind of organization can operate at their scale. Apple, for example, is great at hardware and logistics, which is why it continues to gain smartphone and PC market share with its iPhone, Mac, and the accessories that make them more useful. Google is still great at search and ads, and was able to use its enormous cash flow to subsidize YouTube and build its mapping products -- both of which started as acquisitions -- says Mr. Bardin. Microsoft, in returning to its roots as an enterprise software company, has thrived under CEO Satya Nadella. But what's worrisome about OpenAI is that many of the same forces that allow big companies to be so dominant may be contributing to its need to partner early in its life with a company li
Wall Street Today | US Profits Set for Pandemic-Sized Drop, Goldman Strategists Say
The Stock Market Will Be Closed Tomorrow for Good Friday The U.S. stock market will be closed on Friday, April 7, reopening Monday. Bond trading will be open for a shortened session, closing at 12 p.m. ET. Bullard Plays Down Credit Crunch, Says Fed Must Fight Inflation Federal Reserve Bank of St. Louis President James Bullard said steps taken to ease financial strains were working and the central bank should keep raising interest rates to fight high inflation. IMF Warns Five-Year Global Growth Outlook Weakest Since 1990 The emergency lender sees the world economy expanding about 3% over the next half decade as higher interest rates bite, Managing Director Kristalina Georgieva said in a speech in Washington Thursday. That’s the lowest medium-term growth forecast since 1990 and less tha
Fed's Mester Sees 'Somewhat' Higher Interest Rates Ahead
Dow Jones · Markets 3mins By Greg Robb Cleveland Fed President Loretta Mester said she expects the central bank will have to raise interest rates further in order to bring down inflation. In my modal projection, to put inflation on a sustained downward trajectory to 2% and to keep inflation expectations anchored, monetary policy moves somewhat further into restrictive territory this year, with the fed funds rate moving above 5% and the real fed funds rate staying in positive territory for some time," Mester told a group of professional economic forecasters in a speech in New York on Tuesday evening The Cleveland Fed president said that there is "heightened uncertainty" surrounding the outlook in light of the recent stress on banks in the wake of the rapid collapse of Silicon Valley Bank. T
@Falafulu:$Meta Platforms, Inc.(META)$ Meta Platforms (META), formerly Facebook, has been on an elevator ride up since November as the firm finally committed to cutting costs as its top-line growth slows. Meta, like Amazon and others over-hired during the pandemic boom. Meta said in mid-March that would cut another roughly 10K jobs in the coming months in what Mark Zuckerberg is calling the “year of efficiency.” The social media titan’s disappointing 2022 is now in the rearview and it is ready to return to top and bottom line growth as it focuses once again on its core businesses Facebook, Instagram, and WhatsApp, all of which will bounce back from a bad year for digital advertising because its reach is out of this world. Meta’s ‘monthly active people
@Falafulu:$Meta Platforms, Inc.(META)$ Meta Platforms (META), formerly Facebook, has been on an elevator ride up since November as the firm finally committed to cutting costs as its top-line growth slows. Meta, like Amazon and others over-hired during the pandemic boom. Meta said in mid-March that would cut another roughly 10K jobs in the coming months in what Mark Zuckerberg is calling the “year of efficiency.” The social media titan’s disappointing 2022 is now in the rearview and it is ready to return to top and bottom line growth as it focuses once again on its core businesses Facebook, Instagram, and WhatsApp, all of which will bounce back from a bad year for digital advertising because its reach is out of this world. Meta’s ‘monthly active people
@Mrzorro:3 High-Growth Stocks to Buy to Bet on a Rip-Roaring 2023 With so much uncertainty in this current market, most investors have clearly taken a defensive stance. Growth is out, and value is in. Accordingly, the search for high-growth stocks simply isn't what it once was. The question many investors have is whether this defensive positioning will continue into next year. Indeed, it just might. Macro conditions remain tight, with more Federal Reserve rate hikes on the horizon. That said, at some point, interest rates are likely to be held steady, as the Fed reviews the impact of its recent aggressive hiking cycle. At that point in time, it's almost assured that investors will start looking forward to the potential for rate cuts in late-2023 or 2024. Much like we saw with the pandemic, this cou