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In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT Alex Karp, CEO of Palantir arrives ahead of a "Tech For Good" meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Getty Images Palantir CEO and co-founder Alex Karp believes this period of "deadly" macroeconomic uncertainties will crush many companies with shaky fundamentals. "Bad times are incredibly good for Palantir ... bad times really uncover the durable companies , and tech is going through bad times.... I \interest rates are the reason," said Karp on CNBC's "Squawk Box" Thursday. "Will this deadly tidal wave wipe out some companies? Yes it will." The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point to a range of 3%-3.25%, the highest since early 2008. The Bank of England, Swiss National Bank and the central banks of Norway, th...

On paper, the average hourly wage Americans have earned has steadily climbed over the past year, from $30.76 to $32.36. But when inflation is taken into account, that increase seems to evaporate. According to the U.S. Bureau of Labor Statistics, Americans have effectively experienced a 12-month pay cut of $0.31 per hour. Combined with a decrease in hours worked, Americans' inflation adjusted average weekly pay has decreased by only $13.20 from one year ago. The BLS released data Tuesday showing that monthly inflation had picked up 0.1%, while annualized inflation had climbed 8.3%. The data led markets to tank as investors forecast that the Federal Reserve would maintain its aggressive monetary policy as it works to bring down inflation. "Clearly the high inflation is undermining Americans’ purchasing power ," Mark Zandi, chief economist at Moody's, told NBC News. While inflation moderated to 8.3% on an annual basis in August, it is still higher than the 5.2% hourly ea...