To The Moon

Since the outbreak of the pandemic, there have been some changes in the dining-out landscape in North America. On one hand, food delivery has become widely popular and related businesses have changed consumer habits to some extent. On the other hand, inflation has affected all aspects of life, leading to an increase in dining-out costs. Food delivery services that emerged during the pandemic have changed consumer behavior and their companies' performance continues to improve. $Uber(UBER)$ Uber's food delivery business had a booking volume of $14.315 billion USD in Q4 2022, exceeding $13 billion USD for five consecutive quarters and achieving profitability (EBITDA profit margin returning positive). Although its year-on-year growth rate is not as h

US March 2023 CPI - released on 12 Apr 2023 The supposed “celebration” for a “drastic” fall of -0.1% to US CPI Mar 2023 from Feb (6.0%) to 5% proved to be short-lived. The straw that broke the camel’s back was the FOMC Mar 2023 minutes of meeting. FOMC Mar 2023 minutes of meeting reveal 2 Key Points : Fallout from the U.S. banking crisis is likely to tilt the economy into recession later 2023 Although Fed’s Vice Chair for Supervision said the banking sector “is sound and resilient,” staff economists said the economy will take a hit. On a separate note. More official data has been released today. These should help to turn the market around today - Thu (14 Apr 2023); re-capturing Wed (13 Apr) lost grounds. US Weekly Jobless claims for week ending 08 Apr Weekly jobless claims increased by