Motley Fool Money Big Tech's Latest Plans, Emerging Trends To Watch
Jul 8, 2022
Maria Gallagher, a senior analyst at Motley Fool, discusses the evolving job market and consumer trends, including big tech's monetization strategies. Jason Moser shares insights on Upstart Holdings and Meta's $1,000 VR headset, while Jay Jacobs from BlackRock highlights megatrends in infrastructure and healthcare. The conversation touches on Amazon's Grubhub deal and Levi's impressive dividend increase, exploring how tech companies are navigating challenges and opportunities in a shifting economic landscape.
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Current Job Market Dynamics
- The current job market is fascinating due to record low unemployment coupled with inflation and wage increases.
- This situation empowers labor, leading to increased calls for unionization, a shift not seen since the late 1970s.
Consumer Spending and Job Market
- While labor currently holds more power, the declining personal savings rate and increasing credit card spending suggest a weakening consumer base.
- This weakening may soon impact the job market negatively.
Upstart and AI Lending
- Upstart Holdings' struggles highlight the challenge of AI-driven lending in a rising interest rate environment.
- Their recent guidance cut reflects funding constraints due to macroeconomic concerns.