Morning News: May 22, 2023

China’s $23 Trillion Local Debt Mess Is About to Get Worse

In Contrast to China, Japan at G-7 Basks in Newfound Appeal to Companies

Goldman Sachs Says the US Has an Extra 8 Days Before it Runs Out of Money to Pay Its Bills. That Could Buy It More Time to Negotiate the Debt Ceiling

Morgan Stanley Says US Rally Isn’t Start of Bull Market

America’s Biggest Bank Is Everywhere—and It Isn’t Done Growing

JPMorgan Boosts Net Interest Outlook on First Republic Deal

Immigrants’ Share of the U.S. Labor Force Grows to a New High

Minnesota Passes Bill Seeking to Ensure Minimum Wage for Gig Workers

An Oil Refiner Leans on Manure to Provide a Greener Future

An American Oil Hub Is Pivoting to Offshore Wind

The U.S. Needs Minerals for Electric Cars. Everyone Else Wants Them Too

How Did Hyundai Get So Cool?

Silicon Valley, Cradle of Computer Chips, Gains Big New Research Center

Micron Stock Tumbles as China Says Chips Are Security Risk

Apple’s Relentless Rally Puts $3 Trillion in View

Meta Fined $1.3 Billion Over Data Transfers to U.S.

As Preteens Ignore Social-Media Age Limits, Governments Push for Better Checks

Disney’s ABC, ESPN Weakness Adds Pressure to Make Streaming Profitable

The E-Sports World Is Starting to Teeter

Ultra-Low Fare Pioneer Bids Farewell to Ultra-Low Fares

Messi, Ronaldo Lead Saudi Arabia’s Multibillion-Dollar Makeover

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Posted by on May 22nd, 2023 at 7:07 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.