Jerome Powell leads the Federal Reserve in maintaining interest rates due to persistent high inflation levels, emphasizing the necessity for moderation in price growth before considering rate adjustments.
Episode 314: Neal and Toby unpack the Fed’s meeting to keep interest rates steady where rich Americans could be a key reason. Then, fast food brands are feeling the hurt across the board with weakening demand… Except for… Wingstop? Next, Elon Musk makes a baffling decision to fire Tesla’s entire Supercharging team. Also, Neal’s favorite numbers include Binance, digital cameras, nearsightedness, and a bonus number on movie run times. Lastly, LinkedIn is taking a page out of the New York Times by introducing games on its platforms that can be shared with your network.