From artist Blake Fall-Conroy:
The minimum wage machine allows anybody to work for minimum wage. Turning the crank will yield one penny every 5.04 seconds, for $7.15 an hour (NY state minimum wage). If the participant stops turning the crank, they stop receiving money.
Huffington Post’s tumblog asks: “Can we see the same machine but tuned to spit out the average Wall Street wage?”
Kimberly Clouse discusses the differences between mutual funds and separately managed accounts.
The Fed stuck to its higher-for-longer stance, with Chairman Jerome Powell reiterating that taming inflation remains a priority, while Chinese markets rallied after easing of their strict ‘zero Covid’ policy.
Investors are on edge, eager to protect their unexpected gains, and are anxiously awaiting the titular recession that may or may not arrive this year. Most economists expect a recession in the next 12-18 months.
Apple’s stretch of 31 closes below its 50-day was its longest since it ended a 69 trading day streak on December 5th, 2008 (during the depths of the financial crisis).
