What I Am Reading

May 22 (Monday) Latest Morning Briefing Executive Summary: Leading The Wrong Way? So where’s this recession signaled by the LEI and widely expected to come anytime now? Why haven’t high inflation and monetary tightening ground economic activity to a halt yet? Because a recession isn’t coming anytime soon. We never bought that it was inevitable anyway. We’re raising our subjective odds of a soft landing, instead of a recessionary hard one, to 70% from 60%. The burden of proof is now on the pessimists. … So what’s been keeping the economy from a textbook recession? Unusual forces are in play, acting as economic shock absorbers. … Also: Our Roaring 2020s boom-times thesis remains intact. … And: Dr. Ed reviews “Air” (+ +). (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 15. Markets Stock Prices of Office Landlords Plummet as Short Sellers Pile In | W Using Options to Bet on a Bullish or Bearish Breakout for Stocks | BR Biden’s Billion-Dollar Oil Trade Faces a Big Test | W Central banks Fed Rate Increases Hit Small Businesses the Hardest | W Fed Official Is Open to Forgoing June Rate Hike | W Fed’s Kashkari says a June pause on rates wouldn’t indicate an end to hiking cycle | C   US Immigrants’ Share of the U.S. Labor Force Grows to a New High | W Biden and McCarthy to meet at White House on Monday to try and avoid looming debt default | C Joe Biden’s global vision is too timid and pessimistic | E Europe Meet the lefty Europeans who want to deliberately shrink the economy | E   China Is China’s recovery about to stall? | E Geopolitics & trade The fault lines in America’s China policy | E Isolating China will be ‘impossible and dangerous,’ analyst says, as the G-7 gets tough on Beijing | C Europe can’t decide how to unplug from China | E China Seeks to Counter Musk’s Starlink With Own Satellite Network | W Why China fears Starlink | E Industrial Policy Is Booming at the G-7. Where Does It Stop? | BR The fight over the future of global payments | E Industries & companies Autos: GM will introduce an all-electric Cadillac Escalade ‘IQ’ later this year | C Autos: Ford looks to charge up EV drive with flurry of battery deals | R Consumer: Tyson Insiders Bought Up the Beaten-Down Stock | BR Energy: Exxon Mobil, Shell, and 8 Other Stocks to Play a Resurgent Energy Sector | BR Financials: Goldman Sachs CEO Solomon Responds to Critics and Makes His Case for the Stock | BR Financials: Morgan Stanley’s James Gorman to Step Down as CEO. Who Could Be Next. | BR Fintech: Apple’s Next Version of the Wallet App Could Be Killer. Why PayPal and Other Fintechs Should Worry. | BR Media: TikTok’s Algorithm Can Be a Huge Boost for Authors. A Ban Could Hurt Book Sales. | BR Tech: Meta fined a record $1.3 billion over EU user data transfers to the U.S. | C Tech: China chip stocks rally after Beijing said U.S. chip giant Micron is ‘major security risk’ | C Corporate finance Chevron to Buy PDC Energy in $6.3 Billion Stock Swap | W JPMorgan Chase raises key revenue target to $84 billion after First Republic takeover | C

May 20 (Saturday) Latest Morning Briefing Executive Summary: Retail, Earnings & Fintech Three major retailers recently reported Q1 results that provide a glimpse into consumers’ shifting spending trends. Notably, consumers seem to be putting off discretionary purchases. … Also: Perusing YRI’s forward earnings growth charts for S&P 500 industries is an eye-opening exercise: For four unrelated industries, analysts have set extremely high sights. Jackie explores. … And our Disruptive Technologies focus: Walmart’s self-reinvention as a financial services provider to the masses. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 15. Markets Stocks Fall to End Week After Debt-Ceiling Talks Pause | W Central banks Fed Chair Powell says rates may not have to rise as much as expected to curb inflation | C Jerome Powell Keeps June Interest-Rate Pause in Play | W   G-7 G7 leaders agree to new initiative to fight economic coercion | R Zelenskiy joins Japan G7 as democracies take aim at Russia and China | R G7 reaffirms commitment to a highly decarbonised road sector by 2030 | R US Opinion | Will The U.S. Economy Pull Off a ‘Soft Landing’? | N White House, Republican team say no progress in debt ceiling talks | C Debt-Ceiling Standoff Could Start a Recession, But Default Would Be Worse | W Why Biden should just abolish the unconstitutional debt ceiling  | The Hill China Xi Jinping’s Succession Problem—and China’s | W China’s exports to North Korea surge in April | R India Explainer: What India’s decision to scrap its 2000-rupee note means for its economy | R   Geopolitics & trade Musk, Buffett warn about China-Taiwan ahead of 2024 election | C Industries & companies Autos: Midsize pickup trucks become latest auto battleground | C Autos: Auto Dealers Finally Have Cars to Sell Again | W Autos: How Will We Know When Self-Driving Cars Are Safe? When They Can Handle the World’s Worst Drivers | W Banks: America’s Biggest Bank Is Everywhere—and It Isn’t Done Growing | W Media: Why Disney pulled out of a $1 billion investment in Florida amid DeSantis feud | Vox Media: Disney’s Star Wars Hotel Was Too Much—Even for Star Wars Fans | W Technology The New Everyday Reality of Service Robots | W   Beyond markets This is what wedding guests now spend on travel, gifts and party prep | C

May 19 (Friday) Latest Morning Briefing Executive Summary: Retail, Earnings & Fintech Three major retailers recently reported Q1 results that provide a glimpse into consumers’ shifting spending trends. Notably, consumers seem to be putting off discretionary purchases. … Also: Perusing YRI’s forward earnings growth charts for S&P 500 industries is an eye-opening exercise: For four unrelated industries, analysts have set extremely high sights. Jackie explores. … And our Disruptive Technologies focus: Walmart’s self-reinvention as a financial services provider to the masses. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 15. Markets Why You Keep Chasing the Wrong Stock Market | W Crude Oil Prices Set for Best Week Since Mid-April on US Debt-Deal Optimism | B Rebound in Treasury Yields Fueled by Resilient Growth, Inflation | W   Central banks Fed Chair Powell says rates may not have to rise as much as expected to curb inflation | C Fed’s Powell says tighter credit conditions ease rate hike pressure | R Powell Says Bank Stress Could Influence Rate Path | W Fed’s Williams Says Covid Pandemic Didn’t End Era of Very Low Interest Rates | B Fed’s Michelle Bowman Cautions Against ‘Radical Reform’ of Bank Oversight | B Fed’s Michelle Bowman Warns Against Broad Overhaul of Banking Rules | W Fed may be forced to defy market expectations and hike: Economist | C   US US Economy to Cool This Quarter, Hit Downturn in Second Half of Year | B How Many US Jobs Would Be Lost in a ‘Mild’ Recession? | B What Would Happen if the U.S. Defaulted on Its Debt | N When Could the U.S. Default Without a Debt Ceiling Deal? | W Debt ceiling: Republicans pause negotiations with White House | C Biden Pushes Momentum in Debt Talks as He Begins Summit in Japan | B   Europe Pent-up demand promises record tourist season for southern Europe | R   Industries & companies Airlines: American Airlines, pilots reach preliminary labor deal | C Retail: US economy: Consumer takeaways from WMT, TGT, HD retail earnings | C   Beyond markets A Millennial Puzzle: More Diverse but More Segregated | W Deep in the Amazon, scientists race to find unknown bat viruses | R NASA awards Blue Origin SLD crew lunar lander contract | C

May 18 (Thursday) Latest Morning Briefing Executive Summary: Retail, Earnings & Fintech Three major retailers recently reported Q1 results that provide a glimpse into consumers’ shifting spending trends. Notably, consumers seem to be putting off discretionary purchases. … Also: Perusing YRI’s forward earnings growth charts for S&P 500 industries is an eye-opening exercise: For four unrelated industries, analysts have set extremely high sights. Jackie explores. … And our Disruptive Technologies focus: Walmart’s self-reinvention as a financial services provider to the masses. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 15. Markets BofA Touts ‘Cheap Lottery Tickets’ for Debt-Ceiling Tail Hedge | B Column: Low US fuel stocks support prices and cracks | R Central banks Powell’s risks of pausing interest rate increases too soon | Washington Times Will the Fed keep interest rates ‘higher for longer’? | The Hill JPMorgan Asset Says Markets Are Right to Bet on US Rate Cuts | B US Biden, McCarthy push forward towards deal on US debt ceiling | R Student-Loan Borrowers May Be Spared the Worst if U.S. Fails to Raise Debt Ceiling | W Why California’s high-speed rail is taking so long to complete | C Geopolitics & trade Montana becomes first US state to ban TikTok | R Russia says hypersonic missile scientists face ‘very serious’ treason accusations | R   Industries & companies Autos: Tesla restarts India market talks with new factory proposal | R Banks: Analysis: Overexposed US regional banks could sell commercial property loans | R Restaurants: Kraft Heinz unveils Remix customizable sauce dispenser for restaurants | C Technology Microsoft Says New AI Shows Signs of Human Reasoning | N Amazon’s Alexa head defends company’s work on A.I. amid ChatGPT boom | C Google to use new AI models for ads and to help YouTube creators | C Will Biden or Congress do something about Microsoft and Google’s AI? | Vox Steve Cohen Is ‘Pretty Bullish’ on Markets Thanks to AI | B Corporate finance Fashion Giant Shein Raises $2 Billion but Lowers Valuation by a Third | W Beyond markets For Gen Z, Playing an Influencer on TikTok Comes Naturally | N For Gen Z, Unemployment Can Be a Blast | W Young Americans Are Dying at Alarming Rates, Reversing Years of Progress | W Teens Can Now Ride Ubers Solo With Supervised Accounts—and Parents’ Credit Cards | W

May 17 (Wednesday) Latest Morning Briefing Executive Summary: Earnings & The Economy While the stock market’s technical measures of breadth have been disappointing, two fundamental measures have been staging impressive V-shaped rebounds typical of early bull markets: the breadth of analysts’ consensus expectations for S&P 500 companies’ revenues and operating earnings. … Their message is confirmed by recent strength in S&P 500 forward revenues, earnings, and profit margins. … Joe provides a deeper look into what forward profit margins have been doing in recent weeks on S&P 500 sector and industry levels. … All these developments jibe with our soft-landing economic forecast. … So do the latest economic indicator releases. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 15. Markets Stocks Slip, Growth Shares Shrug Off Index Losses | W Debt-Ceiling Talks Are Already Doing Damage, Wall Street Bosses Warn | B Asia-Beating Japan Stocks Seen Rising 10% More on Earnings Boost | B OPEC Cut Failed To Lift Oil Prices, But The Year Isn’t Over Yet | OilPrice.com Column: Low US fuel stocks support prices and cracks | R Central banks Fed Officials Reveal Debate Over June Pause or Need to Hike More | B Podcast: Central Banks Are At Risk of Breaking Economies, Dario Perkins Warns | B Fed’s Jobs Mandate Under Fire as Mike Pence Wants Bank to Fight Inflation Only | B The Fed’s Long-Tail Housing Market | W US I Biden’s economic strategy is based on a failed model | Washington Examiner Debt ceiling: Biden hosts White House meeting to try to prevent default | C Yellen warns US default could trigger recession, ‘break’ financial markets | R For Biden, negotiating the debt ceiling may be the safest option | The Hill What Everyone—Except the U.S.—Has Learned About Immigration | W US II US Retail Sales Increase in Sign of Steady Consumer Spending | B Shoppers Boosted Retail Sales in April, Reversing Two Months of Declines | W Home Depot just forecast weak consumer demand — here’s what that could mean for the rest of the economy | C Homebuilder sentiment in May pulls out of negative territory | C America’s Biggest Source of Jobs Is Cooling Off | W Connecticut Baby Bond Deal to Give $3200 to Qualifying Kids Born After July 1 | B China Two Trading Apps That Allowed Chinese Citizens to Invest Overseas Get Pulled From China | W   Geopolitics & trade Can the World Make an Electric Car Battery Without China? | N Biden Team to Counter Tech Espionage Unveils Cases Involving China and Russia | N Corporate finance Pfizer Gets $85 Billion in Orders for Bond Sale to Buy Seagen | B Corporate Investors Cut Bigger Checks for AI Startups | W   Technology ChatGPT’s Sam Altman Warns Congress That AI ‘Can Go Quite Wrong’ | W Google’s PaLM 2 uses nearly five times more text data than predecessor | C Beyond markets Remote work is just one of many problems for office buildings | Vox Americans Have Never Been So Unwilling to Relocate for a New Job | B The Return to the Office Has Stalled | W

May 16 (Tuesday) Latest Morning Briefing Executive Summary: Economic & Financial Stress & Stability Two different recent surveys taking the pulse of businesses—one measuring sentiment among small business owners nationwide and the other manufacturing activity in New York State—showed depressed readings. The problem isn’t demand but the ability to supply given the tight labor market. … Two recent Federal Reserve reports—measuring the household debt and credit of US consumers and the financial stability of the economy generally—showed that neither the consumer nor the banking sector nor the financial system generally is especially stressed. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 15. Markets S&P 500 closes higher as debt ceiling negotiations in Washington are set to resume | C How El Niño Could Scramble Commodity Markets | W   US World Leaders Warily Watch U.S. Debt-Limit Standoff | W US Households Show Signs of Stress as New Loan Delinquencies Rise | B The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners | N Biden’s new emissions rules will slam the economy and hurt Americans | P Florida Gov. Ron DeSantis prepares 2024 presidential campaign | C Will Social Security Still Exist When I Retire? Gen X Worries About Benefits | B Geopolitics & trade Ukraine hails gains in Bakhmut as Zelenskiy wins more weapons in Europe | R U.S.-Made Technology Is Flowing to Russian Airlines, Despite Sanctions | N China Sentences American to Life in Prison for Espionage | W   Industries & companies Banks: SVB’s Ex-CEO Says Fed, Social Media Contributed to Collapse | B Media: Telly offering a free TV but it will constantly display ads | C Media: Guardians of the Galaxy: Vol. 3 box office strong in second week | C Media: Opinion | Elon Musk’s Twitter Show Makes Sense. Yes, Really. | N Transportation: Amazon Overhauls Delivery Network to Dispatch Packages Faster, More Cheaply | W Climate Southeast Asia hit with record-breaking heat, heavy air pollution | C   Technology Generative AI is poised to change everything. Is your company ready? | C

May 15 (Monday) Latest Morning Briefing Executive Summary: Disintermediation, Disinflation & Dystopia The Fed sought to allay fears of bank runs when it provided backstop funds to banks. Consider the fears allayed—so far, at least. The disintermediation threat hasn’t descended; it hasn’t wrought a credit crunch, a recession, or widespread economic destruction. Now if fears aren’t stoked by further talk of bank runs, maybe, just maybe, the threat will go away. … Also: The high-inflation saga‘s loose ends all seem to be resolving now in a Hollywood-style happy ending. … And: The latest episode of the debt ceiling drama playing out in Washington is ably narrated by Capital Alpha’s Jim Lucier. … Lastly: Dr. Ed reviews “Beef” (+ + ). (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 15. Markets How Wall Street is preparing for possible US debt default | R Central banks Fed’s Raphael Bostic, Austan Goolsbee Favor Policy Pause to Watch Credit Impact | B Fed’s Bostic casts doubt on rate cuts this year even if there’s a recession | C Paul Tudor Jones says the Fed is done raising rates, stocks to finish the year higher from here | C US US Households Show Signs of Stress as New Loan Delinquencies Rise | B Consumer debt passes $17 trillion for the first time despite slide in mortgage demand | C To understand today’s economy, just look to the banks | The Hill Joe Biden is more responsible for high inflation than for abundant jobs | E Debt-Ceiling Talks’ Late Start Amps Up Pressure on Congress | W The Rent Portion of CPI Is a Reminder of Its Impressive Pointlessness | FO   China Is Chinese power about to peak? | E Industries & companies Autos: Hertz is going electric, with big implications for EV and auto market | C Banks: Bank Collapses Are Shaking Up the Industry. What’s Ahead as the Dust Settles. | BR Consumer: America Is Binging on Snacks, and Food Companies Are Eating It Up | W Media: Elon Musk still needs ‘Twitter sitter,’ judge rules | C Travel: Summer Travel Forecast: Hot and Pricey | BR   Corporate finance Microsoft-Activision deal: EU approves takeover of Call of Duty maker | C J&J’s Kenvue Spinoff: A Rare IPO Winner in a Moribund Market | BR Elon Musk’s Financial Pickle: SpaceX IPO Could Solve Tesla-Twitter Dance | BR CEO Pay Packages Fell Sharply in 2022 as the Stock Market Sank | W Technology What does a leaked Google memo reveal about the future of AI? | E Climate At Chipotle, Papa John’s, the links between bonus pay and ESG grow | C

May 13 (Saturday) Latest Morning Briefing Executive Summary: Travel, Homes & Hydrogen Maskless and Covid-free, Americans have been venturing further abroad this year, a trend that has saddled companies with domestic-travel-related businesses with tough y/y comparisons. Airbnb and Wynn are prime examples. … Also: Jackie examines the curious divergence between the share price performances this year of two housing-related S&P 500 industries, Homebuilding and Home Improvement Retail, which usually perform in lockstep. … And: Our Disruptive Technologies focus this week is on utilities’ use of hydrogen to produce electricity. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 8. Markets Stocks Fall as Banking, Inflation Concerns Linger | W US equity funds see massive outflows on debt ceiling worries | R The Fed’s Iron-Grip Over Wall Street Trading Is Finally Easing | B The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. Bonds | N Popular China Stock Trade Runs Into Geopolitical, Growth Risks | B Central banks Fed Official Signals Support for Further Rate Increases | W Fed Governor Philip Jefferson named as new vice chair to succeed Lael Brainard | C Fed’s Jefferson Says Core Inflation Progress ‘Discouraging’ | B US US consumer sentiment plummets to six-month low on debt ceiling debacle | R U.S. can avoid default in July if it gets cash in June: CBO | C Debt-Ceiling Talks Continue as Report Warns of Possible June Default | W DeSantis allies could shift millions for presidential bid | C U.S. to make tech hubs in middle America with $500 million investment | C China Why It’s Hard for China to Shake the ‘Uninvestable’ Tag | B Chinese Brokerage Head Resigns After Reported Missing for Weeks | B   Geopolitics & trade ‘De-Americanize’: How China Is Remaking Its Chip Business | N Exclusive: G7 summit statement to target China’s ‘economic coercion’ | R The U.S. and China Are Finally Talking Again, but Mistrust Clouds Next Steps | W Europe Presses White House to Address Iran’s Growing Nuclear Program | W   Industries & companies Autos: Tesla to Fix Brake Software in More Than 1.1 Million Cars in China   | W Autos: Soros Slashed Rivian Stake After 90% Drop From Peak, Exits Tesla | B Banks: US Bank Lending Retreated During Week of First Republic (FRC) Failure | B Energy: Natural Gas Drilling Collapses in US at Fastest Rate in Seven Years | B Media: Elon Musk confirms Twitter CEO hire: Linda Yaccarino | C Media: The TV Ad Market Was Already Looking Bleak. Then the Writers’ Strike Happened. | W Pharma: Alzheimer’s disease: Leqembi could cost Medicare $5 billion per year | C Retail: Nordstrom JWN looks to Nordstrom Rack for growth | C Corporate finance What Apple’s Cash ‘Problem’ Means for its Stock Investors | Morningstar

May 12 (Friday) Latest Morning Briefing Executive Summary: Travel, Homes & Hydrogen Maskless and Covid-free, Americans have been venturing further abroad this year, a trend that has saddled companies with domestic-travel-related businesses with tough y/y comparisons. Airbnb and Wynn are prime examples. … Also: Jackie examines the curious divergence between the share price performances this year of two housing-related S&P 500 industries, Homebuilding and Home Improvement Retail, which usually perform in lockstep. … And: Our Disruptive Technologies focus this week is on utilities’ use of hydrogen to produce electricity. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 8. Markets Stock Market Today: Dow Drops More Than 200 Points; S&P 500 Slips After Inflation Data | W How to adjust your portfolio for a possible recession | C Russian Oil Finds New Markets Via Mystery Traders and Old Tankers | B Central banks Biden to Nominate Latina Adriana Kugler to Fed Governor Post in Historic First | B   US Yellen Says ‘We Have to Default’ on Something If Congress Fails | B Retirement Savings Shortfall: Governments Face $1.3 Trillion Billion Bill | B US weekly jobless claims hit 1-1/2-year high; inflation subsiding | R US import prices rebound in April, but trend remains weak | R How the New Immigration System Works After Title 42 | W Travel costs fell in April. The dip may be short-lived | C China China’s biggest chipmaker SMIC posts first revenue fall in 3 years | C Geopolitics & trade G7 finance chiefs debate reducing supply chain reliance on China | R Donald Trump’s Stance on Ukraine Sows Worry in Europe | W Industries & companies Autos: Tesla raises U.S. prices for all its vehicles except Model 3 | C Autos: Tesla Recalls 1.1 Million Cars in China Over Braking Defect | B Autos: China regulator says Tesla to update software of more than 1 million cars | R Autos: Will EVs Dent the Auto Repair Business? | W Banks: Big U.S. lenders to pay billions to replenish bank failure fund | R Banks: Midsize Bank Panic to Test Regulators’ Skepticism of Mergers | W Media: Netflix Plans to Cut Spending by $300 Million in 2023 | W Pharma: Wegovy, other weight loss drugs ‘no silver bullet’, says WHO amid obesity review | C Pharma: GOP law cut Big Pharma tax rates by 40%, Senate report says | C Tech: Microsoft Won’t Raise Salaries for Full-Time Employees This Year | W Transportation: Companies betting on demand rebound in second half of year, DHL says | C Corporate finance SoftBank Is Said to Pitch $10 Billion IPO of Chip Designer Arm | B The antitrust assault on the startup economy | The Hill Technology Ex-Googler Geoffrey Hinton and other A.I. doomers say it could kill us all. They’re focused on the wrong threat. | Slate Goldman Sachs created Louisa, AI-powered social media startup | C Climate Carbon Capture Is Hard. This Plant Shows Why. | W   Beyond markets Space startup partners with SpaceX to launch commercial space station | R

May 11 (Thursday) Latest Morning Briefing Executive Summary: Travel, Homes & Hydrogen Maskless and Covid-free, Americans have been venturing further abroad this year, a trend that has saddled companies with domestic-travel-related businesses with tough y/y comparisons. Airbnb and Wynn are prime examples. … Also: Jackie examines the curious divergence between the share price performances this year of two housing-related S&P 500 industries, Homebuilding and Home Improvement Retail, which usually perform in lockstep. … And: Our Disruptive Technologies focus this week is on utilities’ use of hydrogen to produce electricity. (subscribers’ link) YRI Daily Markets Overview Replay of Dr. Ed’s webinar on May 8. Markets Jamie Dimon warns panic will overtake markets as U.S. approaches debt default | C Commodities Column: Europe’s gas prices slide on swollen inventories | R Column: World needs battery metals, but miners foiled by prices, activists | R Banks Jamie Dimon Warns Regulators to Not ‘Overreact’ to Bank Crisis | B To Cover SVB Collapse, Big Banks Face Billions in Extra FDIC Fees | B Bond Selloff Adds to the Pressure on Regional Banks | W US I Economy Showed Signs of Cooling Last Month | W Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease | C US Producer Prices for April 2023 Increase at Slowest Pace Since Early 2021 | B Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead | C Workers Are Happier Than They’ve Been in Decades | W Opinion | New York Is Full of Empty Offices After Covid. Make Way for the Playground City. | N US II JPMorgan CEO Dimon says bank is convening a ‘war room’ on debt ceiling | R Yellen Doubts Biden Administration Can Avoid Default Without Congress | W Biden needs to demonstrate good faith on the debt ceiling | Washington Examiner How Biden could solve the debt ceiling crisis | MSNBC McCarthy must heed Reagan’s warning on the debt ceiling — China is watching | The Hill China Chinese Consumer Inflation Slows to Lowest Level in Two Years | W   Geopolitics & trade U.S. holds ‘candid’ talks with China amid Russia’s war in Ukraine | C As Title 42 Winds Down, Migrant Influx Overwhelms Southern Border | W Why the US delayed China sanctions after shooting down a spy balloon | R   Industries & companies Aerospace: Why Airbus and others are betting on hydrogen-powered planes instead of electric planes | C Media: Disney shares sink after the company reports streaming subscriber losses | C Technology Will AI Help Us or Leave Us Behind? | W SoftBank Says Goodbye to Alibaba, Hello to More AI Investments | W   Climate Biden Administration Targets Power-Plant Emissions in New Climate Initiative | W   Beyond markets Where the most powerful economists went to school: How six universities came to dominate the field. | Slate.com