Motley Fool Money Writers Strike & The Future of Streaming
May 10, 2023
Bill Barker, a senior analyst at Motley Fool, provides insights on inflation trends, highlighting decreasing gas and bacon prices while discussing the fortunes of Axon Enterprise. Jen Chaney, a television critic for Vulture, dives into the recent writers' strike, examining its implications for the entertainment industry and streaming giants like Netflix and Disney. They explore the strike's potential to reshape the landscape of writer compensation and the future of content creation in a rapidly evolving media environment.
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Smaller CPI Increase
- The Consumer Price Index (CPI) rose 4.9% in April, the smallest increase in two years.
- This positive trend suggests the Federal Reserve might pause interest rate hikes.
Gas and Bacon Prices Down
- Gas prices dropped 12% year over year, while bacon prices decreased by almost 10%.
- While positive, core CPI, excluding food and energy, remains high at 5.3%.
Axon's Stock Drop
- Axon Enterprises, formerly Taser, saw a stock drop despite exceeding expected Q1 results and raising guidance.
- This drop is likely due to the stock's substantial 158% gain over the past year.