Weekly Market Report (01 May 23)

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News Last Week - Mixed Earnings

Stocks rally concerns amid Federal Reserve's rate hikes, faltering earnings growth, and historical valuation
Elevated inflation potentially impacting earnings in upcoming quarters
GDP has missed forecasts and is at 1.1%.
PCE inflation has decreased from 5.1 to 4.2, while core PCE inflation is higher than forecasted.
Microsoft's Bing challenging Google in search market, increasing traffic acquisition costs
Global online advertising slump
China's surprising 4.5% Q1 growth despite housing market crash and conservative monetary policy
Goldman Sachs' Q1 profit down 18%, Morgan Stanley's Q1 profit down 19% due to deal-making slowdown
Disney to lay off thousands in cost-cutting efforts
Predicted recession due to Fed's interest rate hikes, first in 15 years
Tesla's operating margin decline attributed to price cuts and material inflation