Morning News: May 8, 2023

In New World of Trade Diplomacy, Free Trade and Tariffs Take a Back Seat

Standard Chartered CEO Says Big U.S. Recession Unlikely

Powell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC Standoff

Why On Earth Would You Fight ‘Inflation’ With Higher Interest Rates?

Yellen Says No Good Alternative to Congress Lifting Debt Cap

Investors Flock to Safety Plays, but Stock ‘FOMO’ Lingers

Chinese Bank Stocks Soar, Adding $166 Billion in Trading Frenzy

PacWest Leads Rally in Regional Banks After Slashing Dividend

Bank Turmoil Is Paving the Way for Even Bigger ‘Shadow Banks’

Bain Capital Seeks to Raise $4 Billion for New Global Special Situations Fund

Binance Restarts Withdrawals of Bitcoin After Second Halt

U.S. Sanctions Drive Chinese Firms to Advance AI Without Latest Chips

Occidental Drops After Buffett Said Not Seeking Full Control

Buffett and Munger on Success, Toxicity and Elon Musk

Tech Workers Aren’t as Rich as They Used to Be

Why Airfares, Hotels and Cars are Getting So Expensive for Americans

Biden to Propose Airline Rule to Compensate Passengers for Delays, Cancellations

Corporate Giants Buy Up Primary Care Practices at Rapid Pace

US Hedge Fund Manager Wagner to Acquire Birmingham City Stake

Liz Holmes Wants You to Forget About Elizabeth

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Posted by on May 8th, 2023 at 7:05 am


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