Additionally, the article covers various market and business updates, including the Fed's decision to hold interest rates steady amid stagflation fears, Tesla's stock being seen as a buying opportunity despite its crash, and challenges facing the American whiskey industry due to potential tariffs. In tech, Google's acquisition of Wiz and Microsoft's executive changes are highlighted, along with a shift in Apple's product strategy. The article also touches on cultural and economic trends, such as recession memes and Gen Z's career preferences in medicine.
Key takeaways:
- Meta maintains secret "block" lists of employees who are ineligible for rehire, a practice that may be more widespread across industries than many realize.
- The Fed held interest rates steady, but new economic projections indicate a potential stagflation scenario with higher inflation and lower growth.
- Microsoft is shaking up its performance review process, with CEO Satya Nadella announcing a new role for longtime chief people officer Kathleen Hogan.
- Trump's trade war and looming tariffs could severely impact the American whiskey industry, threatening the survival of some craft brands.