Stocks are continuing downhill this week as positive economic data made investors worried that the Fed will continue higher interest rate hikes. Remember that the stock
market is only a portion of the economy, and the economy at large can in theory do well even if the stock market does poorly. The Fed has the tough job of reigning in inflation while also keeping the unemployment rate low. Two things that are actually in opposition to eachother. All of this is why positive economic data can make stocks go lower. More people working means more money in circulation which means more inflation...typically.
Should a website designer be able to refuse making a wedding website for a gay couple? This question is what the Supreme Court will be ruling on come June. A Colorado based web designer is potentially refusing to make a website for a gay couple based on the business owners' Christian
beliefs. A business owner should get to choose who they work for and who they hire, this seems to be common sense, but not to all. The fear from the LGBTQ+ community is that if a cake maker or a web designer can refuse to provide services to gay couples then eventually, business owners can refuse to hire LGBTQ+ members as well. The thought of why you would want to work for or with someone who doesn't like you is a thought provoking one.
Nike and NBA star Kyrie Irving are parting ways because Kyrie tweeted about a move that features antisemitic tropes. The Kyrie
Irving shoes were a bigger seller for Nike.
More NBA...Middle East money is
pouring into the NBA and NBA owners have opened the door for investments from sovereign wealth funds. The NBA relies heavily on China to consistently make its $10B in yearly revenue. All this outside money from questionable governments pouring into an American sports league should give make us pause and think about growing for growths sake. When is enough money enough money and when should moral standards be upheld in major companies?
Atlanta's ABC Affiliate WSB-TV, brought in $86 million in political ad revenue during this year's midterm and the Georgia Senate runoff election happening today between democrat incumbent Raphael Warnock and Republican challenger
Herschel Walker. The race is close, with Warnock holding a slight edge in the polls.
Delta has agreed to raise its pilots pay by at least 31% in a multi-year deal. This contract is going to put a lot of pressure on other
airlines, and you can expect to see some increases in flight costs. If the contract is finalized and a recession comes in 2023 or 2024 then Delta is going to be riding the struggle bus! but this move was needed to keep pilots happy, because the entire industry has experienced a detrimental pilot shortage.
A profitable and well backed US-based Crypto company, Circle, has bailed on its plan to go public via a SPAC. This backing out is because of the FTX debacle and the SEC being very hestiant on all
things crypto. Circle has the second largest market cap of any stable coin (Something that tracts the dollar in a 1:1 ratio) out there, but that is not good enough to escape the FTX fallout. The argument that Crypto is decentralized is I guess still true in theory, but something just doesn't feel right now that we see one exchanges failure destroying the entire market.
Americans think they need $1.2 million on average to retire comfortably. This begs the question of what is comfortable? and it begs the question as why so many people are so eager to retire? Read this great article if you want a unique Christian perspective on retirement!
