Tag: Inflation

In light of a red-hot US job market, workers are calling for higher salaries. An SCE Labor Market Survey reveals an average reservation wage of $76k/year, which is 4.5% higher than Nov 2020. With median US household income of $70k, US Fed keeps a close eye on rising wages for fear of inflation. How will Fed Chair Jerome H. Powell's expertise keep the US economy balanced?

Global Venture Capital (VC) investment saw a sharp decline in Q1'23 as predicted, falling to $57.3 billion - less than a third of Q1'22 investments. Major uncertainties, including a protracted war, inflated interest rates & high inflation, caused the market to suffer. Despite the difficult times, cleantech & alternative energy companies still managed large rounds, such as Generate Capital ($800M), Abound ($601M) & Zeekr ($750M). Global organization KPMG Private Enterprise predicts Q2'23 will see improvements, with focus on generative AI.

With rising cost of living and inflation, Gen Z and millennial audiences have been forced to choose between streaming video subscriptions and basic resources such as fuel and groceries. Deloitte survey found that 32% of millennials and 30% of Gen Z have canceled subscriptions. 44% of respondents have canceled one or more subscriptions in last 6 months; ad-supported options being chosen instead of pricier tiers by younger consumers. J.D. Power survey revealed increasing consumer fatigue with streaming content.

This Global Wealth Management Trends Report 2023 assesses the latest developments, opportunities and threats which will shape the wealth management industry. ESG (Environmental, Social and Governance) assets, inflation, Russia/Ukraine conflict, Artificial Intelligence and ChatGPT are among the relevant themes. Get your own insights into the global wealth industry trends and stay ahead of the competition.

Amazon launches Bedrock - a suite of AI-powered applications designed to help businesses build chatbots, generate text, and create images. Accessible from AWS, Bedrock provides models from top AI providers such as AI21, Anthropic, and Stability AI. Structured around CEO Andy Jassy’s commitment to invest heavily in generative AI and large language models, Bedrock represents Amazon’s entrance into the tech world’s AI race.