To The Moon

"We're in a position to proceed carefully" in assessing whether additional policy firming will be needed, Federal Reserve Chair Jerome Powell said at his post-monetary decision press conference. The central bank kept rates unchanged for the second time this year, but the Federal Open Market Committee members indicated rates will stay higher for longer in their summary of economic projections. The economy has expanded at a solid pace, he said. And while the labor market has eased somewhat, labor demand still exceeds worker supply, he said. Inflation has moderated since the middle of last year and inflation expectations remain "well-anchored." Still, getting inflation down to the Fed's goal of 2% "has a long way to go." Developing... check back for updates.

In March of 2022, there were talks that Tesla would ask at its annual shareholder meeting for an increase in the number of authorized shares in order to enable a stock split of the company. This would be the second time in 2 years, only this time so the EV maker could possibly pay a dividend. In August of the same year, Tesla completed a 3-for-1 stock split and after the dividend talks went silent. Little more than a year a half later, still no dividend. And it doesn't seem like paying a dividend is a priority for the company, either. To be fair, Tesla is still in its gr

The deal will bring Palantir’s Foundry product to manufacturers.Palantir stock has doubled in value during 2023 despite revenue growth in the low teens.Palantir stock is rising this morning after announcing its Foundry product is now available on the Amazon AWS cloud.Palantir has made its money in government contracts, especially for the military. Typical is a recent five-year, $463 million contract with the U.S. Special Operations command. The contract envisions Palantir software being used to reduce the mental load of commanders and soldiers in war. It’s the renewal of an existing contract, but at $20 million more per year, indicating the military is satisfied with the software’s performance.Palantir’s military work also gives it a strategic relationship with Microsoft . But the agreement with Amazon will help manufacturers, with Amazon pitching Palantir’s Foundry as part of its “industrial data fabric.”Palantir stock has been on fire since reporting earnings of $17 million, or 1 ce

Palantir Technologies said on Monday it expects to turn a profit every quarter in 2023, betting on i

Tesla (TSLA) stock is on the move today after the automaker reported strong China sales.Tesla’s whol

Palantir's stock experienced one of the most spectacular declines ever seen in a dominant, growing,

Hong Kong  stocksdropped as China reopening bets waned amid struggling corporate earnings and concer

Sticking with tried-and-true tech giants could be a formula for success in 2023.