The company’s revenue and gross merchandise volume more than doubled in the first quarter, but it is also warning of slower growth ahead and cautioning that adjusted operating profit will drop this year amid a plan to “reinvest back into our business as aggressively as we can.” With shares in a bear market , we’ll get plenty of actionable insight from analysts today.
Conversely, the reaction to Microsoft’s performance in a bit of a head-scratcher as shares slump despite double-digit growth in the company’s three major divisions and a smashing profit beat.
Problem for Powell is there’s skepticism in the market, as was made clear on The Open yesterday when the US$136-billion bond king, Jeff Gundlach, blasted the Fed for pretending to think it knows where inflation is heading.
president is attempting to re-balance his nation’s economy with what he’s calling The American Families Plan: $1.8 trillion in investments and tax credits to build up the middle class with measures including free preschool, free community college and a national paid leave program.