Inflation for June continued the trend of slowing inflation from earlier months as CPI inflation fell 0.1% from May and rose just 3% annually. Both figures beat expectations of an increase of 0.1% and a rise of 3.1%. Additionally, the monthly decline is the first in 4 years and annual inflation is at its slowest […]
Junes CPI Inflation(Or Rather Deflation) Read More »
Many of the burgeoning AI firms are heavily associated with other, often larger, tech companies, such as OpenAI and Microsoft as well as Anthropic and Amazon. While these new AI firms don’t exclusively work with their primary benefactors, the billions invested into these firms and the contracts signed create an obvious obligation to the larger
Regulatory Scrutiny Towards AI Read More »
With many companies’ quarterly earnings coming out this week and in the following ones, they’ll certainly be featured prominently in Phi Fiscal. One sector of note that reported its earnings this week is the financial sector, with companies like JP Morgan Chase, Bank of America, Goldman Sachs, Blackrock, etc reporting their earnings. Here’s a highlight
A Slew of Earnings Read More »
The automotive industry, a major contributor to US GDP, seems to have struggled in Q2 based on company earnings, some of which are featured below. Tesla, the highest valued car company, has been experiencing a prolonged struggle due to increased competition and slowing EV demand. Things only seem to have gotten worse this quarter
Automaker Earnings Read More »
Since earnings season is upon us, many major companies have reported their earnings. Of particular prominence has been the earnings of the tech industry and how AI has seemingly inflated the value of some of these tech firms, some of which are featured below. Alphabet’s earnings narrowly beat expectations for revenue and net income,
Major AI Disappointment Read More »
Live Nation, the company behind Ticketmaster that controls 70% of all ticket sales at large venues, has been under public ire for several years now for its anti competitive behavior and role in increasing ticket prices for consumers. In response, the Justice Department and 29 state attorney generals have filed a lawsuit against Live
Live Nations Monopoly Read More »
Private tax filing companies have dominated the tax system in America for many years now, but a recent challenge to this has come from the government: Direct File. Earlier this year, the IRS introduced a limited 12 state pilot version of Direct File, a software that helps taxpayers file their taxes for free, for select
A Federal Tax Software Read More »
Amid the recent AI boom, there have been many winners. Nvidia, as if it weren’t clear from the first story, has been the most obvious benefactor, but many other companies in the AI supply chain have benefited too. One example, among many, has been South Korean SK Hynix, which produces high-bandwidth memory(HBM) chips used in
Since the start of the AI boom, Nvidia has seen tremendous growth since its products are at the epicenter of AI. This fact was reaffirmed earlier this week during Nvidia’s quarterly earnings, which had some stunning statistics like… Quarterly revenue of $26 billion, 262% higher than its Q1 revenue in 2023 and also significantly
Nvidias Stunning Earnings Read More »
Following its victory against the Big 3 US automakers, the United Auto Workers(UAW) labor union announced it would be launching initiatives to expand to other car automakers, which have fewer unionized workers. Recently, a landslide victory in a Volkswagen factory in Chattanooga, Tennessee last month suggested that the UAW’s push towards greater unionization was succeeding.
