The Week in Review: Elon Musk, Boeing, and Big Tech Earnings

TLDRThis week, Elon Musk considers a move to Texas, Boeing faces ongoing challenges, and Big Tech earnings disappoint some investors. The Federal Reserve maintains its stance on interest rates, and the US jobs numbers show strong growth. The equity markets respond positively to the news.

Key insights

🚀Elon Musk considers moving to Texas

🛫Boeing's challenges with the 737 Max continue

💰Big Tech earnings not meeting expectations

🏦Federal Reserve maintains interest rates

📈US jobs numbers show strong growth

Q&A

Why is Elon Musk considering a move to Texas?

Elon Musk is considering a move to Texas due to a ruling by a Delaware court that he cannot take a $55 billion pay package. His board had promised him this package if shareholders approved the move to Nevada.

What challenges is Boeing facing?

Boeing is facing ongoing challenges with the 737 Max aircraft. The government has limited future production, and the company has admitted fault for the crisis.

What are the latest Big Tech earnings results?

Big Tech earnings were strong overall, but they did not meet some investors' high expectations. The question of when promised profits will hit the bottom line remains open.

What is the Federal Reserve's stance on interest rates?

The Federal Reserve has decided to maintain its current stance on interest rates. While there is some speculation about future rate cuts, the Fed is cautious due to the strong US job numbers and ongoing inflation.

What are the highlights of the US jobs numbers?

The US jobs numbers were better than expected, with 350,000 new jobs created. The unemployment rate remained at a low 3.7%. This positive news has contributed to strong performances in the equity markets.

Timestamped Summary

00:02Elon Musk considers a move to Texas after a Delaware court ruling on his $55 billion pay package.

01:25Boeing continues to face challenges with the 737 Max aircraft, and the government limits future production.

01:52Big Tech earnings were strong overall, but they did not meet high expectations.

02:12The Federal Reserve maintains its current stance on interest rates.

02:31US jobs numbers show strong growth, with 350,000 new jobs created and a low unemployment rate of 3.7%.