USA Markets in Interest Rate Hike fear mode

USA Markets in Interest Rate Hike fear mode

Dear PGM Capital Blog readers, On Thursday, February 10, the USA, Labor Department reported that consumer prices jumped 7.5%, in January, compared with a year earlier, the steepest year-over-year increase since February 1982. INTRODUCTION: Thursday, February 7th showed that Inflation soared over the past year at its highest rate in four decades, hammering American consumers[…]

Shares of Meta Platforms (Facebook) fell 26.4% on February 3, 2022

Shares of Meta Platforms (Facebook) fell 26.4% on February 3, 2022

Dear PGM Blog reader, On Thursday, February 3rd 2022, shares of Meta Platforms, – the parent company of Facebook -,  plummeted 26.4% as can be seen from the below chart. INTRODUCTION: On Wednesday, February 2nd, 2022, after market close, Facebook, which was recently renamed Meta Platforms (FB), issued its Q4-2021 financial results with the following[…]