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The stock market witnessed heightened volatility last year due to lingering macroeconomic and geopolitical headwinds. While inflation cooled for two consecutive months, minutes from the Federal Reserve’s December meeting show that policymakers expect to continue increasing rates in 2023 and keep them higher for ‘some time’ until the 2% inflation target is met. Bloomberg’s monthly […]

The semiconductor industry witnessed a decline in its performance last year in the face of aggressive interest rate hikes by the Fed and escalating tensions between the United States and China. The Semiconductor Industry Association (SIA) announced global semiconductor industry sales were $45.50 billion during November 2022, a decrease of 2.9% compared to October 2022

Media and technology company Comcast Corporation (CMCSA) beat analysts’ revenue and earnings estimates in the third quarter despite the uncertain macroeconomic environment. CMCSA’s EPS came 6.5% above the consensus estimate. Although its revenue declined slightly from the previous year, it beat analyst revenue estimates by 0.6%. After failing to add any new broadband customers in

With inflation hovering around its four-decade peak in June last year, the Federal Reserve is committed to returning inflation to its 2% target. During its December meeting, the Fed raised its federal fund’s rate target to 4.25%-4.5%. Moreover, policymakers predict that interest rates will remain high for longer, and the terminal rate to reach as

E-commerce and logistics company ContextLogic Inc. (WISH) witnessed immense growth during the COVID-19 pandemic due to a surge in online shopping as consumers stayed at home. However, the company could not sustain its growth with the reopening of the economy and a return to physical shopping. The e-commerce company had a challenging 2022 amid supply

As per the minutes released recently from the central bank’s December meeting, the Fed officials are committed to fighting inflation and expect higher interest rates until more progress is made. Moreover, the FOMC had already expressed the importance of keeping the restrictive policy in place while inflation holds unacceptably high. Additionally, the number of Americans

Inflation reached a four-decade high last year, pressuring the Federal Reserve to raise interest rates aggressively. The Fed’s hawkish stance to stamp out persistent inflation is finally yielding results, as inflation cooled for a straight second month in November 2022. The Consumer Price Index (CPI) rose 7.1% year-over-year, down from 7.7% in October and better

Aggressive interest rate hikes by the Fed to curb sky-high inflation resulted in massive volatility in the market last year, thereby affecting investors’ confidence. However, with the better-than-expected inflation numbers in October and November, investor sentiment improved alongside hopes of the Fed lowering the size of rate hikes. In addition, Dubravko Lakos-Bujas, Global Head of

Digital financial services company SoFi Technologies, Inc. (SOFI) reported third-quarter financial results with robust growth in members, products, and cross-buy. The company added 424,000 new members to end the quarter with 4.7 million total members, representing a 61% annual increase. Also, SOFI ended with approximately 7.2 million total products, up 69% year-over-year. Anthony Noto, SOFI’s

The healthcare industry seems set to experience tremendous waves of investment and innovation in the foreseeable future. The U.S. government is providing more than $266 million from the American Rescue Plan to expand the community and public health workforce.  Moreover, President Biden is set to sign the Consolidated Appropriations Act of 2023. The omnibus package