Mechanics Bank Wealth Management took a deeper dive into earnings at Meta and Amazon and noted that the combination of revenue gains and cost cuts produced spectacular results. For Meta, net income jumped to $14 billion up from $4.65 billion in 2022. “This is quite the turnaround from the struggles Meta was dealing with in 2022,”
Mechanics Bank Wealth Management sees a June skip by the Fed as being more likely after the May jobs numbers. “They will look to the higher unemployment figures and lower than expected average hourly earnings to support this pause,” it tells investors. However, any sign that inflation is not headed toward the 2% target means
11 Popular Financial Tips That May Cause More Harm Than Good forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Eight Finance Pros Share Their Go-To Resources On Impact Investing forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.