how are you? (May 29th-June 4th)
Sheryl Sandberg leans forward
Sheryl Sandberg she said on Wednesday Resigned Chief Operating Officer Meta of 14 years after the company. At the time, Facebook, previously known, has grown into a giant company, acquiring dozens of companies and spreading its influence across the Internet. Sandberg published her best-selling 2013 book, Lean In, on how to build a personal brand with the company and succeed as a woman in the workplace. However, Sandberg’s reputation has declined as Facebook faced a backlash about its role due to false information dissemination during the 2016 elections and data breaches related to Cambridge Analytica and other scandals.And once I subscribed to Sandberg’s philosophy They were disillusioned because they found that “leaning” did not result in the salary increases or promotions she spoke of. Sandberg will remain on Meta’s board of directors.
Increased oil supply
OPEC Plus agreed to increase production on Thursday after announcing only a slight increase in oil supply at a recent meeting. 648,000 barrels a day In July and August, it was about 50% higher than the monthly rise set in last year’s program.Biden administration officials said Thursday by President Biden Visit Saudi Arabia, The world’s largest oil producer, the de facto leader of OPEC Plus, and seemed like a move towards a thaw relationship (although he said on Friday that he “has no direct plans at this time”). Gas prices are unlikely to fall due to a significant increase in production, but some analysts have decided that OPEC Plus will end the planned increase in production, such as Saudi Arabia and the United Arab Emirates. It states that it may be a sign of further cooperation from other countries. Western sanctions on Russia continue to weigh on world supply.
Another powerful job report
Employers reported on Friday that the Ministry of Labor has helped jobs grow to profits for the 17th straight month. Added 390,000 jobs in May.. According to the report, the unemployment rate has remained at 3.6%, but the average hourly wage of employees has risen 0.3% on a monthly basis, up 5.2% from the previous year. These are numbers that are a little difficult to analyze.The Federal Reserve Looking to slow down growth — This shows that efforts to cool the economy and curb inflation have begun to work — another month of hard work is not so reassuring. The number of jobs in May Lower than april, And wages have been slightly relaxed. Both are promising signs. But new data suggests that Fed officials have much more to do.
What’s next? (June 5-11)
SPAC loses favor
The most well-known acronym is a special purpose acquisition company Not as hot as it used to be, And the recent failure of the SPAC merger raises serious questions about their future.Last week, Forbes Media Overturn plans to merge with SPAC, A move to effectively create a shell company for investors to buy stock, as part of a shortcut to opening up the company. SPACs were attractive when prices were held down and interest rates were low. But now that market conditions have changed, SPACs can seem more risky and many investors are withdrawing money. SPACs have also been attractive because they help companies avoid the oversight they receive when going public. But recently, Securities and Exchange Commission regulators have begun dozens of SPAC investigations, proposing stricter rules, which could further diminish enthusiasm.
New Apple product?
Apple’s annual Worldwide Developers Conference this week Introducing the latest products of the company.. The keynote-always the most hyped part of the conference-will take place on Monday, and Apple will announce its next mobile operating system, iOS 16, which includes notifications, messaging, and lock screen changes. Details of the new iPhone 14 have begun to leak in recent weeks, but Apple is unlikely to discuss them at meetings. The company usually releases the latest iPhones. in autumn.. As product upgrades became more modest and the company combated antitrust proceedings and user privacy concerns, the fatigue and skepticism surrounding Apple’s events began.
Fresh inflation data
After last week’s employment report, federal officials will look at the consumer price index on Friday to get a more complete picture of where the economy is heading. April inflation Showed signs of slowdownHowever, the takeaway was complicated. Annual inflation eased for the first time in months, but carefully watched measures accelerated. In this week’s report, consumer prices are expected to continue to rise, with economists in the Bloomberg survey forecasting a pace of 8.3% over the year to June. However, the Fed is looking at monthly core inflation figures rather than this year’s figures. This reduces costs due to food and fuel variability. Economists expect a slight slowdown in their measurements.
The Biden administration said that Allow $ 5.8 Billion Student Loans For borrowers who attended Corinthian University.Elon Musk said Tesla and SpaceX employees I have to go back to the office At least 40 hours a week. Facebook will change its stock quote to META this week.