Investors are believing the Fed is telling the truth when it says it is going to calm down on the interest rate hikes. This has led to investors getting back into
Big Tech which has boosted the market overall.
Big Tech stocks might be improving but the workforce is dwindling. The latest in the Big Tech layoff craze is Spotify. The podcasting giant is set to layoff about 600 workers which amounts to 6% of
its workforce. All that Pandemic hiring is coming back to haunt everyone except Apple, which was nt=ot as egregious as other tech giants in the hiring process.
The FDA is making a proposal to make Covid vaccines just like the Flu vaccine where you get it once a year. This is coming
down the pipe because the FDA realizes that only 15% of eligible americans have gotten the latest Covid booster. The thought is mainstreaming it like the Flu vaccine will encourage more to get the jab. Checking out the latest stats on Covid compared to months past may indicate why people are not concerned (WorldOMeter).
ChatGPT the OpenAI product that is helping kids across the country cheat on their homework just earned a B on a Wharton Business School research paper. This is one of the factors that has promted Microsoft to
invest over $10 billion in the AI product. Microsoft hopes that ChatGPT can make Bing a real rival to Google.
in 2018 Elon Musk tweeted that he would take Tesla private at $420/share.
This of course never happened and now Mr. Musk is in court because some people lost money over the
tweet. Elon is one of those people that has the power and influence to sway prices with just his words and this of course has people angry. however, this is exactly how the market works. Big players (People or institutions) manipulating public thought into buying or selling abstractions for illicit financial gain. What people are really mad at is that Elon Musk is just better than them at manipulating the market because once upon a time he actually did create something people wanted that was
not an abstraction.
Avatar 2 is the one of only 6 movies to gross more than $2 billion
at the box office. The other 5 are Star Wars: The Force Awakens, Avatar 1, Titanic, Avengers: Infinity War and Avengers: Endgame.