Definition 📖 — The oil business is booming. US regulators are blocking Meta’s acquisitions. And we’re arguing over the definition of a recession.

Tech companies may be struggling, but it’s a great time to be in a more old-school business: oil and gas companies are raking in record profits and earning windfalls for shareholders.US antitrust regulators are suing to block Meta’s purchase of virtual reality startup Within, a move that could seriously hamper the company’s metaverse ambitions and have ripple effects across Big Tech.The debate over we’re in a recession is heating up!The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.