We analyzed about a thousand corporate earnings transcripts to get a sense of how corporate American views the economy, and how that changed over the course of a year like no other. Our findings in full: https://t.co/sO3V6PFirc
Where would the stock market be without AI? What about the economy?
@federicacocco and I ran the numbers. Here’s what the “S&P 493” says about the economy.
https://t.co/KsyJ1495to
Don't just look at the S&P 500 to know how the U.S. is doing, reports @Post_AG and @federicacocco Check out the S&P 493 instead https://t.co/zTBV5jgRPJ
It's often said that the stock market is not the economy. But the two seem particularly far apart lately.
- S&P 500 up ~12% year to date
- Nasdaq up 15%
- AI stocks surging: Nvidia (+28%), Meta (+27%) , Microsoft (+22%), Palantir (+126%), Oracle (+80%)
BUT:
- Consumer sentiment is down
- jobless claims (layoffs) at highest level since 2021
- inflation at 2.9 percent
- Employers added just 22,000 jobs in August
It boils down to a mix of AI-fueled speculation and expectations for future rate cuts, according to investment analysts and economists I spoke with (@Claudia_Sahm@DianeSwonk@rwbaird@usbank@DivesTech@Michael_K_Farr):
https://t.co/gwaIIrFyWM
SpaceX Starship breaks its recent losing streak in 10th test launch, as both the spacecraft and rocket booster splash down intact. https://t.co/ZLq0vr4zhW
NEW: SpaceX's plan to do 100 Starship launches a year from Florida's Space Coast has alarmed Elon Musk's rivals. Several rocket companies told the Space Force that bringing the massive rocket to Cape Canaveral will make it all-but-impossible for others to work there, according to "public comments" obtained by the Washington Post. https://t.co/30DqRCL0QV
@okaymikaela Hi there, I’m a Washington Post reporter writing about the Save This Life closure. Can I send you a direct message about this? Did you confirm that your pet’s chip came from save this life?
@connacraig Hi Conna, I’m a Washington Post reporter writing about the SaveThisLife closure. Was your pet’s chip from SaveThisLife? Would love to chat if so; my DM’s are open
@felandostephen1 Hey Stephen, I hope everyone’s ok. Where did you take this video from? Did you evacuate, and are there any other details you can share?
@jennykleeman You know what would have been the right and collegial thing to a fellow journalist? To not copy a story she worked on for THREE years almost line for line and still not even give her credit or link to her story. This includes family tree and PORTRAITS that we commissioned.
@dogwhizz @tiff4mahogany@thehill@MerylKornfield It’s a real story. It was published as part of our elections live updates, so it would appear at this link rather than on our author pages https://t.co/DpxnB4CHyl
@AyoSekai Hi Ayo, I'm so sorry about this. I'm a Washington Post reporter writing about the issues in Atlanta and I saw your post. Can I send you a DM?