Cancel the recessionThe Federal Reserve pushed interest rates to a 22-year high on Wednesday, with another 25 bps move that'll bring its key rate to 5.25%-5.50%. The latest U.S. GDP number for the second quarter will also be published this morning at 8:30 AM ET. (8 comments)Meta reboundMeta Platforms (META) jumped 8% AH on Wednesday after posting Q2 earnings that easily beat expectations. The report echoed an online advertising recovery signaled by rival Alphabet (GOOG, GOOGL) and Meta guided for Q3 revenue above estimates. The exodus could drive up pricing in the trucking sector, which is already facing low freight rates and weak demand.

Source: Wall Street Journal July 27, 2023 15:18 UTC