Know The Difference Minute

Meta, Twitter, and Snap are all in the process of releasing a paid version of their platforms. Do people need social media so much that they'll pay for it?

Because of ChatGPT and similar tools, being a prompt engineer might be the hot new job. 

Walmart reported quarterly earnings today and while it easily topped expectations, it also gave a weaker-than-expected outlook for the year ahead. 

The retail spending report yesterday was strong. Today, PPI came in higher. So were initial jobless claims.  This isn’t data the Fed wanted to see. 

Traditional TV’s daily average is just under 3 hours . Streaming is expected to jump to 3 hours and 11 minutes . Not a huge margin—but a symbolic passing of the torch. 

The Fed has a dual mandate. Maximum employment and price stability. It is 1 for 2 there. But the labor market continues to be incredibly tight and isn’t helping by producing broader inflationary pressure. 

Putting the password genie back in the bottle isn’t easy.  But it’s coming. 

The newest shiny objects in the tech world are any kind of artificial intelligence or AI chatbots. ChatGPT is the current darling with over 100 million users during January . Partnered with Microsoft which is pouring in $10 billion —it caused a Red Alert over at Google . 

Last year—one category stood out. Cryptocurrency. We saw spots from Coinbase, eToro, Crypto.com , and the star of the show, FTX .  Fast forward to Sunday . Not one crypto ad. Zero. Zilch. 

Companies are resorting to layoffs, buyouts, furloughs and other cost-cutting strategies ahead of a possible recession. More than 30% of workers reported less confidence in their job search.

Where are we in the inflation battle?  Fed Chairman Jerome Powell says there is more work to do.

EV prices shot up during the pandemic. Now, with supply chains easing, it’s all about sales.

4th quarter 2022 GDP is in. Up 2.9%. Consumer spending was good and businesses were restocking supplies. But its down from the 3rd quarter.

No doubt you’ve seen the slow creep of prices. Much of it is location dependent. Colorado saw a 32-cent-a-gallon increase last week.

Hiring and wage growth are slowing. Layoffs are increasing. HR isn’t feeling the need to dangle fully remote to fill jobs.

Layoffs are making the news—and not just in tech.

Shoppers are being pinched. High inflation is forcing changes in buying behavior—either cutting back or trading down.

Microsoft’s CEO shared it is moving quickly to commercialize tools from the lab behind ChatGPT and put the tools on its Azure, its cloud-computing platform.

The Fed’s inflation target is 2%. There is a big gap between reality and the target.

Today was another reminder of how quickly things can go wrong when airline systems fail.

OpenAI is the startup behind ChatGPT. Microsoft is about to invest $10 billion and they’re not alone. The latest funding round could value the company at at $29 billion.

In the battle against inflation, employment is a key metric.

The last couple years were tough for car buyers. It’s been tougher for automakers and dealers.

Layoffs. FYI is a website that tracks tech layoffs. Last year, 150,000 job cuts.

UP both month-to-month and year-to-year.