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The Fed recently raised interest rates by 25 bps, its first hike for 2023. This marks a significant slowdown in the Fed’s aggressive monetary tightening policy amid declining inflation. Fed Chair Jerome Powell said, “We can now say I think for the first time that the disinflationary process has started.” Moreover, the U.S. job market […]

While an expected 25-bps hike in interest rates today would put further pressure on stressed margins of various tech businesses scrambling to survive profitably amid high borrowing costs, Oracle Corporation (ORCL) is making it look exceptionally easy. ORCL offers services and products tailored to the needs of enterprise IT environments worldwide. The company directly offers

While it is broadly expected that interest rate hikes may be dialed down to 25 basis points this week, concerns over declining consumer spending have kept markets on edge. Investors are wary that the central bank may interpret a healthier-than-expected GDP growth and labor market tightness as a license to tighten the screw further and

Headquartered in Hsinchu City, Taiwan, Taiwan Semiconductor Manufacturing Company Limited (TSM) manufactures and sells integrated circuits and other semiconductor devices internationally. Although the company’s business was dampened by end-market demand weakness and customer inventory adjustment, its fourth-quarter revenue increased by 42.8% year-over-year, while net income and EPS both grew by 78%. Wendell Huang, TSM’s VP

Inflation eased for the sixth consecutive month in December, as the Consumer Price Index (CPI) showed a 6.5% year-over-year rise in prices and declined 0.1% sequentially. Although inflation is showing signs of easing, minutes from the Fed’s December policy meeting indicate that interest rate hikes will continue until more progress is made on bringing inflation

Despite the challenging macroeconomic environment, AT&T Inc.’s (T) EPS surpassed the consensus EPS estimate by 6.6% in the fourth quarter. However, its revenue missed analyst estimates by 0.1%. Post its earnings release T’s CEO, John Stankey, said, “Our consistent go-to-market strategy and the simplicity of our offerings drove continued robust, high-quality wireless and fiber customer

Despite rising borrowing costs, slowing aggregate demand, and looming recession fears, the U.S. GDP rose 2.9% annually in the fourth quarter of 2022, beating consensus estimates. This has instilled significant optimism among investors. Moreover, the biotech industry is expected to thrive despite the uncertain macro backdrop, thanks to the inelastic demand for healthcare products and

Despite growing economic uncertainties, the International Air Transport Association (IATA) expects the global airline industry to finally return to profitability in 2023 and post a net profit of $4.70 billion, the first profit since 2019. This indicates that the industry remains upbeat about travel demand. A recent IATA poll of travelers in 11 global markets

Although cooling inflation for the sixth consecutive time in December 2022 has raised investor optimism, the Fed officials’ hawkish comments signaling interest rate hikes throughout 2023 could keep the stock market under pressure. Moreover, U.S. retail sales dropped 1.1% in December, and manufacturing output fell 1.3%, triggering recessionary fears. This indicates that consumers are losing

While many big companies, such as Microsoft Corporation (MSFT), have surpassed earnings estimates for the recently-concluded quarter, they have not been shy about the headwinds they are facing due to the troubled macroeconomic environment. Yet-to-be-tamed inflation and increasing borrowing costs due to relentless monetary tightening by a hawkish Federal Reserve have led to increasing signs