Morning Brew Daily Inflation Cooling, Buffett weighs in on Banking Crisis, Twitter & X Corp.
Apr 12, 2023
Recent inflation data reveals surprising trends, causing a stir in the stock market. Elon Musk's vision for Twitter morphs into X Corp, raising eyebrows about its future. Warren Buffett reassures bank depositors, emphasizing their safety despite the chaos. Meanwhile, Americans are flocking to Europe, inspired by cultural media and a strong dollar. The rising demand for passports and the world of luxurious vanity plates adds a lighthearted twist, along with tales of billionaire donations to Harvard. Join for a mix of humor and insight!
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Inflation Report Summary
- The March inflation report (CPI) shows inflation is cooling down, but remains high.
- Economists focus on core CPI, excluding volatile food and energy prices.
Interpreting Year-Over-Year Data
- Year-over-year comparisons of economic data can be misleading without proper context.
- Consider the previous year's baseline, as unusual events (like war) can skew results.
Twitter Merges with X Corp
- Twitter merged with X Corp, a shell company, aiming to become an "everything app."
- This app, inspired by China's WeChat, would integrate various services.