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Bad News Encourages Markets
Hourly wages fell as housing, manufacturing and the service industries showed signs of weakness - all considered positives for markets, which look far ahead. Now experts wonder if 2023 has a pause or a pivot in Fed policies. Annex Wealth Management's Dave Spano and Derek Felske discuss.
GM’s one day celebration
The last couple years were tough for car buyers. It’s been tougher for automakers and dealers.
Layoffs hit the tech industry
Layoffs.FYI is a website that tracks tech layoffs. Last year, 150,000 job cuts.
“They’re going to break something”…
Buckle up. 2023 is going to be an interesting year. The odds of a soft landing are dropping, what might the Fed do if an actual recession is declared?
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Southwest Airline’s rough weekend
Tens of thousands of flights were cancelled including Delta, American, JetBlue and Alaska, but Southwest had it the worst and is still cancelling flights.
The best/worst time for last-minute shopping
We are in the middle of 4 of the top 10 busiest shopping days of the year.
NFL via YouTube?
DirectTV spends $1.5 billion yearly for Sunday Ticket rights. But with a subscriber drop to 1.5 million, it’s not making financial sense for co-owner AT&T.
EV enthusiasm eases
The Biden administration’s goal is 50% adoption by 2030. Now, the median expectation from the industry is only 35%, down from 65% last year.