Financial Newsletter for March 30, 2023

Meta: Core Ad Business Is Cash Cow, Metaverse Is Rising Star

mediamasmedia/E+ via Getty Images Investment Thesis While many investors focus on the Metaverse and how Meta Platforms, Inc. (NASDAQ:META[1]) can capitalize on it, I remain focused on its core advertising business. Undoubtedly, the advertising growth is expected to decelerate as we navigate through the storm due to the rising recession

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Weiss Asset Management settles with SEC for $6.9 million

Weiss Asset Management, a Boston-based hedge fund manager, has agreed to pay approximately $6.9 million to settle SEC charges that it violated the federal securities laws when it unlawfully purchased stock in seven public offerings after selling short those same stocks. The Securities and Exchange Commission[1] charged that between December

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US Economy, Labor Market Are Alive and Well

The May jobs report wasn’t too hot or too cold. It was just right for dispelling recession fears. The US added 390,000 jobs in May, reflecting the ongoing recovery at a slower rate. The report was “probably about the best” the Fed could hope for as it fights inflation, JPMorgan

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