Motley Fool Money 3 CEOs Walk Into A Bar
Jan 6, 2023
Malcolm Ethridge, a certified financial planner and host of "The Tech Money Podcast," shares his insights on the tech market and interest rates. He predicts two more rate hikes and emphasizes that 'Mega Cap Tech' will spark a stock market rally. The conversation also touches on significant layoffs in the tech industry and the evolving landscape for companies like Amazon and Constellation Brands. Ethridge highlights key earnings to watch, while Matt Argersinger and Jason Moser discuss the impact of recent job reports and the challenges faced by retail giants.
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Tech Industry Headwinds
- Big tech CEOs like Satya Nadella predict a challenging next two years.
- These influential companies and industries dominating the market may signal broader economic concerns.
Tech Layoffs
- Job cuts are likely just beginning, reflecting a correction after pandemic-fueled growth.
- Tech companies over-hired, anticipating permanent shifts in work and consumer behavior.
Amazon's Pandemic Hiring Spree
- Amazon hired 800,000 workers during the pandemic, more than doubling its workforce.
- E-commerce growth projections influenced hiring plans, which now require adjustments.