Morning News: June 6, 2023

Saudi Arabia Needs More than Higher Oil Prices to Fund Its Grand Plans

Giorgia Meloni Seeks to Cement Power by Remaking Corporate Italy

Australia’s Central Bank Hikes Rates by 25 Basis Points, Defies Expectations

China’s State Banks Told to Lower Cap on Dollar Deposit Rates

SEC’s Lawsuit Against Binance Strikes at Heart of Ailing Crypto Sector

SEC’s Regulatory Net Now Covers $115 Billion of Crypto After Lawsuit Against Binance

UBS Expects Agreement on Credit Suisse Loss Guarantee by June 7

Big Banks Could Face 20% Boost to Capital Requirements

Is the Bear Market Over? It Depends

Bond Bulls Bet Fed Is Right in Anticipating Low Rates to Return

Citi Quants Say the AI-Driven Tech Rally Has Legs

Startup Instabase Notches $2 Billion Valuation, Incorporates New AI

West Coast Port Labor Issues Persist from Los Angeles to Seattle, with Supply Chain Frustration Mounting

Interest-Only Loans Helped Commercial Property Boom. Now They’re Coming Due

What Happens When Cities Run Out of Money

Apple’s $3,499 Vision Pro Headset Will Test Marketing Might

Sequoia Splits Into Three Entities, Makes China Standalone Firm

Microsoft to Pay $20 Million to Settle US Charges for Violating Child Privacy

Bud Light Sales Keep Slipping. But It Remains America’s Top-Selling Beer

Companies’ New Cause: Dodging the Culture Wars

Screen Actors Guild Authorizes Union to Call a Strike if Needed as Tension Rises in Hollywood

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Posted by on June 6th, 2023 at 7:03 am


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