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Portfolio watch | Pacific Coast Business Times

Mechanics Bank Wealth Management took a deeper dive into earnings at Meta and Amazon and noted that the combination of revenue gains and cost cuts produced spectacular results. For Meta, net income jumped to $14 billion up from $4.65 billion in 2022. “This is quite the turnaround from the struggles Meta was dealing with in 2022,” ....

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Portfolio watch | Pacific Coast Business Times

Mechanics Bank Wealth Management sees a June skip by the Fed as being more likely after the May jobs numbers. “They will look to the higher unemployment figures and lower than expected average hourly earnings to support this pause,” it tells investors. However, any sign that inflation is not headed toward the 2% target means ....

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