To The Moon

The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March, reinforcing concerns of persistent price pressures.The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.3% from the prior month, data out Friday showed. From a year ago, it advanced 2.8%.The overall PCE price measure also rose 0.3% from February and 2.7% from the prior year.Inflation-adjusted consumer spending climbed a

If TikTok actually gets banned in the U.S., expect the benefits to mostly accrue to those who need them the least.The House passed a measure over the weekend that would require either the divestiture or ban of the Chinese-owned social media app within a year. The Senate is widely expected to approve the measure, and President Biden has publicly committed to signing it. Hence, TikToks ultimate fate in the U.S. will likely be decided in court, where the company has vowed to press its case.That ultimate outcome is far from certain. But the significantly increased possibility that the mega-popular app could disappear from U.S.-based smartphones has Wall Street laying bets on who stands to benefit the most from such a scenarioand who gets hurt.The biggest consensus winners are Instagram and Facebook, owned by Meta Platforms, and YouTube, owned by Google-parent Alphabet. Both companies operate short-form video platformscalled Reels and Shorts respectivelythat are TikToks biggest competitors

Microsoft is set to report its fiscal third-quarter results, with investors hoping it will shift focus away from negative macroeconomic factors.Azure and Office performance, particularly revenue growt

Investors see starting a dividend as a way to boost the stockFree cash flow is expected to hit a record $83 billion in 2024The company’s free cash flow is projected to hit a record $83 billion in 2024

April 22 (Reuters) - Profit growth momentum of the so-called Big Six technology stocks could "collapse" over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rati