The stock market today opened lower after the Fed’s 75 basis point rate hike. How are other countries around the world responding to inflationary pressures? Next, Shawn Cruz weighs in on the Housing Starts & Permits report. Also, Revlon (REV) filed for Chapter 11 Bankruptcy. The company is expected to continue to operate in all markets. Revlon (REV) expects to receive $575M in debtor-in-possession financing. Tesla (TSLA) raised prices across its entire vehicle lineup. The Tesla Model 3 Long Range price increased by $2,500. Elon Musk is set to meet with the Twitter (TWTR) staff today. Finally, the Meta Platforms (META) stock price was cut to $215 from $315 at UBS. How does Meta Platforms compare to other social media stocks like Snap Inc. (SNAP), Twitter (TWTR), and Pinterest (PINS)?