Stock splits don't actually do anything to augment the values of the companies that perform them, but they can make a stock that has reached a particularly bloated price more accessible to the average investor again. 2022 saw its fair share of stock splits from large companies across a range of sectors. Amazon (NASDAQ: AMZN) underwent a 20-for-1 stock split on June 3, 2022. Read More...
Reuters
U.S. consumer spending surges in January; inflation heats up
WASHINGTON (Reuters) -U.S. consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated, adding to financial market fears that the Federal Reserve could continue raising interest rates through summer. The report from the Commerce Department on Friday was the latest indication that the economy was nowhere near a much- dreaded recession. “Clearly, tighter monetary policy has yet to fully impact consumers and shows that the Fed has more work to do in slowing down aggregate demand,” said Jeffrey Roach, chief economist at LPL Financial in Charlotte, North Carolina.
