The Federal Reserve raised interest rates in 2022-23 to the highest levels in over a dozen years, but both consumers and businesses managed to withstand the increased borrowing costs without significant negative effects. Despite the hikes, there was no significant collapse in spending or investment, indicating a surprising resilience in the face of higher interest rates. This unexpected outcome suggests a strong underlying economy that can weather changes in monetary policy.
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Is CrowdStrike a Buy a Year After the Big IT Outage?
CrowdStrike (NASDAQ: CRWD) faced significant challenges a year ago due to a faulty software update that caused a major IT outage, costing U.S. Fortune 500 companies over $5 billion. Despite this setback, the company has achieved double-digit revenue growth and maintained strong customer relationships, leading to a stock increase of over 50% since the incident. Want More Context? 🔎
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