JPow Delivers Anotha One, but What About Future Hikes? | The Daily Peel | 11/3/22

• Big gains in hospitality gigs led to higher-than-expected jobs added in October
• Remember when Elon broke his Cybertruck window on stage? Those things still haven’t reached buyers, and production is 2 years behind schedule
• CVS, Walmart, and Walgreens will have to cough up a collective $14 billion for their involvement in the opioid crisis
• Amazon’s market cap now starts with a measly “b” rather than the coveted “t”

Going from monkey to master of the universe ain’t easy. You need to network your a$$ off, schmooze your bosses, and get a bit lucky.

But you also need to know your way around M&A, and there’s no better way to get up to speed than with the WSO M&A Modeling Course. Learn about everything from transaction types to due diligence through this self-paced collection of video lessons and case studies.

Hone your deal-making skills today

Price Increases Aren’t Hurting Enough

The likes of Mickey D’s and Chipotle have been giddy about persistent inflation this year.

They’ve continued jacking up prices with no effect on demand and plan to continue doing so for the foreseeable future.

That’s a big problem for our boy JPow.

• The Fed would rather see a gradual decrease in demand on the back of higher prices rather than continue to hike and wait
• Putting the economy into a deep freeze just to drain consumer savings and stamp out inflation isn’t a great option
• Companies with pricing power are getting further ahead, leaving the real payers of inflation on life support

Source

New York Times Company ($NYT) ↑ 7.38% ↑

• Even the NYT got caught up in the C-19 bubble, and it’s been trying to claw its way out of heavy losses in the past year
• Nice subscriber gains and bottom-line growth proved to investors that its digital plays are working

Litecoin USD (LTC) ↑ 1.34% ↑

• Been a minute since anything DeFi-related has been ripe, but Litecoin broke that trend with a huge leap Wednesday
• MoneyGram announced it’ll allow users to trade/store the coin, giving it an actual use case