Jessica Rindels

Apr 18, 2024 | edwardconard.com | Spencer Hill |Jessica Rindels |Ryan Decker |John Haltiwanger

Aaron Tilley, Liza Lin and Jeff Horwitz Wall Street JournalDate Posted:April 19, 2024Citing national security concerns, China ordered Apple to remove Meta’s WhatsApp and Threads, as well as Signal and Telegram, from the Apple store. Apple has 17% of the Chinese smartphone market. Meta Platforms’ WhatsApp and Threads as well as messaging platforms Signal and Telegram were taken off the Chinese App Store Friday.

Apr 18, 2024 | edwardconard.com | Jan Hatzius |Taylor Bowley |Spencer Hill |Jessica Rindels

Jan Hatzius @GoldmanSachs forecasts wage growth decelerating to 3.5%, consistent with the Fed’s 2% inflation target and expects quarterly cuts starting in July. Despite the recent upside inflation surprises, we think the broader disinflationary narrative remains intact. One key reason is that the labor market continues to rebalance nicely. Our jobs-workers gap is down to 2.0 million, the quits rate is below pre-pandemic levels, and the wage news remains favorable.