Morning News: May 2, 2023

Eurozone Inflation Rises as Policymakers Weigh a Rate Increase

Australia, Spooked by Inflation, Resumes Raising Interest Rates

Milken: Saudis Look to Diversify Economy Beyond Just Oil

Israeli Startups Struggle to Raise Money Amid Political Turmoil, Global Downturn

In China, It’s Time to Splurge Again, and the Luxury Industry Is Relieved

Why First Republic Bank Collapsed

‘Other Problems Might Be Lurking’: Strategist is Unconvinced by Jamie Dimon’s Bank Crisis Comments

FDIC Signals Support for Narrow Changes to Deposit Insurance

Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase

White House Close to Tapping Philip Jefferson for Fed Vice Chair, Adriana Kugler for Board

Biden Secured Trillions in Domestic Spending. Now Comes the Hard Part.

Why Is Inflation So Sticky? It Could Be Corporate Profits

Morgan Stanley Plans 3,000 More Job Cuts as Dealmaking Slumps

Elon Musk Tries to Direct AI—Again

BP Beats First-Quarter Profit Expectations but Shares Slide 5% on Slowing Buyback Program

Pfizer Stock Jumps After Sales Beat. There’s More Good News From Earnings.

Uber’s Revenue Up 29% as U.S. Ride-Hailing Business Improves

Hollywood Writers Go on Strike, Halting Production

Vice Is Said to Be Headed for Bankruptcy

How a Blackpool Gang That Couldn’t Shoot Straight Pulled Off a $24.5 Million Crypto Heist

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Posted by on May 2nd, 2023 at 7:06 am


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