google s parent company, alphabet, and microsoft have both unveiled quarterly report cards that beat expectations. alphabet shares jumped a little more than 1.5% in after hours trade, as the company announced that its quarterly revenue rose to more than $69 billion. that s 3% higher than the previous year. microsoft stock also got a boost in extended trading, up a smidge over 8.5%, with a quarterly revenue beat that was mainly driven by growth in its cloud computing businesses. of briefings at insider intelligence. some signs of resilience here? yes. although clyde either one or two caveats that. expectations have drops considerably in the last year so this is the type of growth that both of these companies would have been mortified by just a year ago and now expectations have dropped to the point that this is meeting the point that this is meeting the mega expectations of the market is a win. the mega expectations of the market is a win. there is a lot of chat right marke
Increased. under his watch over 12.5 millionjobs have been created, the unemployment rate at a 50 year low. you have to remember the context in which thesejobs remember the context in which these jobs were created, in the middle of the pandemic. policies his administration put in place softened the economic growth from covid i9 at the bounceback has been far from smooth. the worst economic metric on his watch has been inflation. this chart shows inflation pretty steady until 2022 inflation at the highest rate in a generation over the summer. that s because as the us economy emerged from the pandemic it s riddled with supply chain issues that pushed up supply chain issues that pushed up prices, and the strong jobs growth that we just talked about contributed to the further price pressure. inflation is now ticking down but it is still above the federal reserve s 2% target, opposing outstanding rest of the biden economy. one which the biden economy. one which the white house has little in