US Finance Newsletter for March 30, 2023

Tech industry group cites inflation in ad slamming antitrustbill
A group representing the nation’s largest tech companies is rolling out a seven-figure TV ad campaign slamming a key antitrust proposal that seeks to curb tech giants’ power, warning it could raise already soaring prices on consumers. The Computer and Communications Industry Association (CCIA) which represents companies such as Amazon,

Why Tesla Stock Got Dented Today
What happened It’s Monday, and with the Dow, S&P 500, and Nasdaq[1] all down fractions of a percent, it seems stock markets are going into the red again today — and so is Tesla (TSLA[2] -4.21%). As of 11:10 a.m. ET, Tesla shares have fallen 4.2% on reports that COVID-19-related

Goldman Sachs cuts its US GDP forecast for 2022 again,saying the Fed’s rate hikes are ‘in the ballpark’ for coolinginflation
Slower economic growth will worsen unemployment rates, Goldman said.Photo by Thomas Koehler/Photothek via Getty Image Goldman Sachs cut its US GDP growth outlook for 2022 and 2023, saying financial conditions are tighter. The bank’s economists forecast US GDP will expand by 2.4% this year, down from an estimate of 2.6%.

McDonald’s exiting Russia after more than three decades –104.5 WOKV
NEW YORK After more than 30 years in the country, McDonalds announced on Monday it is pulling its golden arches from Russia. The fast food chain said it is exiting the Russian market and has begun the process of selling its business there. The move comes after McDonalds temporarily shut

Square Enix made $394 million profit last year, andcontinues to bang on about the blockchain
Audio player loading… Square Enix has announced its results for the fiscal year that ended on March 31, 2022, and the take-home message is that it made a lot of money, and a lot of that money is going into the blockchain. The results document[1] shows that the company had