Fed is Out to Lunch | Group Chat News Ep. 767

Today, Drama, Dee, and Anand discuss the latest moves by the Federal Reserve, as they raise rates and signal a potential pause. They also delve into Apple's new high-yield savings account, which reportedly attracted $1 billion in deposits in just four days, and the troubling news that Bud Light sales are down 26 percent compared to a year ago. Additionally, they cover lawmakers urging the SEC to crack down on Chinese retail giant Shein over alleged forced labor and an app promising to let you "shop like a billionaire." But is there a catch? Tune in for this week's Winners, Losers, and Content!

 - written by ChatGPT

Timeline of What Was Discussed:

Is J Powell determined to f*** the economy? (2:41) 

“If you're not the brand, keep it in the fairway.” (33:42) 

Let American companies play on an even playing field. (46:16) 

Did social media break democracy? (52:42) 

Winners, Losers, and Content. (58:33) 

Related Links/Products Mentioned 

Group Chat Merch 

Federal Reserve Raises Rates, Signals Potential Pause 

Bud Light sales down 26 PERCENT compared to a year ago 

The modern health epidemic — how dangerous is it to feel lonely? 

This app promises you can 'shop like a billionaire.' But is there a catch? — Los Angeles Times 

Lawmakers urge SEC to crack down on Chinese retail giant Shein over alleged forced labor 

Teens and social media: Key findings from Pew Research Center surveys 

Super Bowl LVII sets viewership record: Examining updated numbers 

Nordstrom joins the exit from San Francisco, due to “rampant criminal activity,” following the closure of Whole Foods, Walgreens and other stores similar reasons. - Wall Street Silver on Twitter 

Vice Media reportedly headed for bankruptcy - The Guardian 

BeReal May Be On the Out: Users Have Nearly Halved Since Peak 

PacWest stock plummets after report of potential sale; other bank stocks fall too 

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