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Overall, a strong October jobs report that shows no sign of a recession.
1) 261,000 jobs added. That’s lower than last year, but still very healthy (see chart)
2) Strong hiring in many industries
3) Slight slowdown in wage growth (which the Fed wants)https://t.co/F9PqKGPWIu pic.twitter.com/i3cmHmuxIu— Heather Long (@byHeatherLong) November 4, 2022
Goldman Sachs Sees “Very Plausible” Path to Avoid US Recession
(h/t @JohnSpall247) pic.twitter.com/BTvsREtE5N
— Carl Quintanilla (@carlquintanilla) November 7, 2022
People are buying more Luxury vehicles than ever before.
Market share of Luxury vehicles increased from 12.2% to 17.3% in 10 years. pic.twitter.com/5efTYVB9Ch
— CarDealershipGuy (@GuyDealership) November 6, 2022
Fascinating chart showing % of residents paying over $1,000/month for their cars.
Fun fact: More than 1 in 5 shoppers in Texas and Wyoming committed to a monthly payment over $1,000/mth in Q3 (driven by purchases of large trucks) pic.twitter.com/TAMKOiSxtx
— CarDealershipGuy (@GuyDealership) November 3, 2022
Wow! The market cap of $AAPL now equals $GOOG, $AMZN, and $META *combined* 👀 pic.twitter.com/OdX9QEeE2u
— Quartr (@Quartr_App) November 3, 2022
Average US price paid for a new vehicle:
* in July: $46,173 (record high)
* in October: $45,600(via @WSJ) $F $GM $TSLA https://t.co/sUiS8JgdOI
— Carl Quintanilla (@carlquintanilla) November 1, 2022
Manheim Used car index biggest drop since Lehman and 5th biggest drop on record pic.twitter.com/b516kbqmYr
— zerohedge (@zerohedge) November 7, 2022
Market prices for used car prices are down -15% since Feb.
Due to lags in sampling, the CPI used cars and trucks category was down just -3% through Sept.
The CPI will “catch up” with falling market prices in the months ahead pic.twitter.com/ksZb0GFWsu
— Eric Finnigan (@EricFinnigan) November 7, 2022
GS: “We forecast year-over-year core CPI inflation of 6.2% in December 2022, 3.3% in December 2023, and 2.7% in December 2024”
— Gunjan Banerji (@GunjanJS) November 7, 2022
The share of first-time buyers just hit 26%—the lowest level in 40 years.
This is a story decades in the making.
I wrote about why new buyers have every right to feel like the entire 21st century housing market has been cursed.https://t.co/mr97T2KHdp
— Derek Thompson (@DKThomp) November 4, 2022
Median sales price of new houses sold in September was $470,600, up 8.0% from the prior month. From a year earlier, the median sales price was up 13.9% https://t.co/Xe1jHTywD6 pic.twitter.com/JL4EcLKMWm
— St. Louis Fed (@stlouisfed) October 29, 2022
The average time between a Series A and Series B fundraise is now 2.4 years (and that’s just for the companies who actually get to raise a Series B).
Source: @cartainc pic.twitter.com/BtiupneGkt
— Taylor Schaude (@TaylorSchaude) November 7, 2022
https://t.co/mGgOOKMplY pic.twitter.com/4WSBWSuHmE
— Frederik Gieschen (@NeckarValue) November 6, 2022
$ABNB with most profitable quarter ever:
—Nights and Experiences Booked: + 25% YoY to 99.7M
—Gross Booking Value: + 31% YoY to $15.6B
—Revenue: + 29% YoY to $2.9B
—Net Income: +46 YoY to $1.2B
—FCF: $966M-3% AH pic.twitter.com/9ZW3sMUWCh
— The Transcript (@TheTranscript_) November 1, 2022
$CZR CEO: “October was the strongest month in the history of Las Vegas for Caesars.”
— Conor Sen (@conorsen) November 1, 2022
Wow, 46.4% of Americans rely on non-bank online payments providers such as PayPal, Cash App, and Venmo, according to FDIC’s new survey of the unbanked. Usage of non-bank payments providers is concentrated among the wealthier and more educated.https://t.co/jCpvtk0WVV pic.twitter.com/UudgMKQqsp
— John Paul Koning (@jp_koning) November 4, 2022
ProShares Bitcoin Strategy lost ~$1.1B in its first full 12 mos. of existence (11/21-10/22), making it one of only two funds in history to lose $1B+ in their first year. The other? Merrill Lynch Focus Twenty, which raised a ton of assets right out of the chute in ’00, then sank. pic.twitter.com/c8fpVAmyWU
— Jeffrey Ptak (@syouth1) November 2, 2022
You will also get:
– Priority in replies, mentions & search, which is essential to defeat spam/scam
– Ability to post long video & audio
– Half as many ads— Elon Musk (@elonmusk) November 1, 2022
Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists.
Extremely messed up! They’re trying to destroy free speech in America.
— Elon Musk (@elonmusk) November 4, 2022
Tesla stock down over 9% in the week since Elon bought Twitter — representing a paper loss for him of nearly $10 billion.
— Dan Primack (@danprimack) November 4, 2022
CONFIRMED: Twitter is now asking some fired workers to please come back
– Some were laid off by mistake
– Some were let go before management realized their experience is needed to build new features Elon Musk is planning
FFS 😆 https://t.co/WKdtokWHoH
— Matt Navarra (@MattNavarra) November 6, 2022
Reality Labs has 15K+ employees. Alexa had 10K employees 3 years ago. Apple has 3K currently working on AR. Google Assistant has 2K.
h/t @theinformation pic.twitter.com/IiwwDszT9A
— modest proposal (@modestproposal1) November 1, 2022
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