Posted 4/14/2024, 4:15:00 PM
Inflation Stays High as CEO Outlook Improves, Big Tech Stocks Hit Records and Remote Work Revolution Continues
- Inflation was higher than expected in March for the 5th straight month, dashing hopes of near-term interest rate cuts.
- Many CEOs are confident about economic and company growth prospects, according to a KPMG survey.
- Amazon and Alphabet stock hit all-time highs last week on AI and cloud optimism.
- A proposed California bill would guarantee workers the "right to disconnect" from work communications during off hours.
- Nearly half of CEOs now expect a hybrid work setup for employees, a big shift from last year.