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Markets

Stocks waver after Fedspeak, BofA, Goldman Sachs earnings (5 minute read)
Tuesday's stock market was a bit of a mixed bag with the S&P 500 making a slight move up, while the Dow Jones and Nasdaq took a dip. Bank of America's first-quarter earnings were better than expected thanks to higher borrowing costs and rates, resulting in a small bump in their stock. On the other hand, Goldman Sachs missed their quarterly revenue estimates due to a slowdown in deal-making and getting rid of a portion of their Marcus personal loan portfolio, causing their stock to drop over 3%. 

Investing

Netflix misses subscriber estimates, reveals password crackdown to hit U.S. in Q2 (3 minute read)
Netflix just released their first-quarter results and things were a bit mixed. While they beat analyst expectations on earnings per share, they missed the subscriber estimates that Wall Street was hoping for. The stock initially took a hit, dropping as much as 12%, but it seems to have bounced back a bit as investors process the report. The results weren't all bad, with revenue coming in at $8.16 billion compared to the expected $8.18 billion.

China’s economy grew 4.5% in the first quarter, the fastest pace in a year (3 minute read)
Let's talk China and its growth - the country's been in the spotlight as it reopens after almost three years of strict Covid restrictions. Well, it seems like things are looking up for them as China's National Bureau of Statistics just announced that their GDP grew by 4.5% in the first quarter. That's even better than the 4% forecast that economists were predicting and marks the highest growth since the first quarter of 2020. To break it down even more, quarter-on-quarter, the economy grew 2.2%.

The Fed Is Predicting a Recession: Here's What 95 Years of History Says Stocks Will Do Next (5 minute read)
Earnings season is officially here, but it's the Federal Reserve that's got everyone's attention! The Federal Open Market Committee (FOMC), a group of 12 folks in charge of our nation's monetary policy, released their March meeting minutes last week and it contained a little surprise. Drum roll please...they're now forecasting a mild recession starting later this year with a recovery over the subsequent two years. Yikes! Wall Street wasn't too thrilled to see that, but let's see what happens!

Money

Notes from “Rich Dad Poor Dad” (4 minute read)
If you're looking to get some financial wisdom and maybe even become a millionaire, then you'll want to check out the notes from the book "Rich Dad Poor Dad". These notes are like CliffNotes for the book, so you can get all the good stuff without having to read the whole thing. I mean, who has time to read a whole book when you're trying to make money moves? So, grab your coffee and start taking notes!

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