6-18-22: Call it a Recession Not a Crash, Amazon Burns through Staff

Jun 18, 2022

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This week in the China Shop, the guys look at the latest from the FOMC and PMI report before digging into stories about Europe's natural gas supply and China's latest draconian measures to stop citizens from visiting rural banks. In Stock News, ADBE revises guidance lower, AMZN is running out of potential new hires and Revlon files for bankruptcy. Over in the Crypto Corner, Ethereum is no longer profitable to mine and COIN lays off 18% of its workforce. With such a rough month in the markets, will a small gain be enough to win this month's bet?

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Links:

June FOMC Summary

US Manufacturing Output Weak in May

Russia Threatens Europe's Winter Gas Supply

China Using Health Tracker to Prevent Bank Run?

ADBE Stock Falls on Revised Forecast

AMZN Concerned About Hiring Shortage

Revlon Files for Bankruptcy

Crypto Decline Makes Ethereum Unprofitable to Mine

COIN Lays off 1100 Employees