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  Connect with Group Chat! Watch The Pod #1 Newsletter In The World For The Gram Tweet With Us Exclusive Facebook Content We’re @groupchatpod on Snapchat