Impossible QuestionGuests & TopicsJordan Goodman America's Money Answerman covered: Last week, the stock market surged towards new all-time highs, buoyed by strong corporate earnings and renewed optimism that the Federal Reserve might cut rates later this year following some moderating economic data. Companies like Disney, Crocs, Airbnb, and Kellogg exceeded profit expectations. However, this optimism was tempered when today's Producer Price Index (PPI) reported higher than anticipated figures, dampening hopes for a rate cut. In other news, meme stocks have reemerged in the spotlight, with GameStop's shares soaring over 1000% in just two days, driven by chatter in Reddit groups, alongside other stocks like AMC. Meanwhile, college campuses are witnessing protests demanding divestment from companies engaged with Israel, leading to disruptions and cancellations of graduation ceremonies, although these actions are unlikely to influence university investment policies. The Federal Deposit Insurance Corporation (FDIC) is grappling with a scandal involving allegations of widespread sexism, racism, and employee abuse. Internationally, Israel has escalated its military presence in Rafah despite objections from President Biden, causing oil prices to climb to around $80 amidst rising tensions in the Middle East. Additionally, TikTok has initiated a lawsuit against the U.S. government, challenging a law that mandates […]