May 02 (Thursday)
Markets
Dow drops more than 150 points after Fed’s Powell dashes rate-cut hopes (C)
Stocks Waver as Fed Leaves Rates Unchanged (W)
Investors Braced For An Earnings Recession. It Doesn’t Look Like It’s Happening (Fortune)
Central banks
Fed Leaves Rates Unchanged, Notes Subdued Inflation (W)
Powell Says Policy Appropriate With No Bias to Hike or Cut (B)
Here’s the one word from Jerome Powell that has people raising their eyebrows (C)
Powell’s press conference draws rave reviews for simplicity of the Fed’s message (MW)
US
U.S. factory activity at two-and-half-year low, points to slowing economy (R)
U.S. Private Sector Surpasses Expectations in April (W)
China
Top Investors See an Opening as China Lowers Finance Barriers (B)
US politics
Barr Explains Finding of No Obstruction on Mueller Probe (W)
Why the ‘Medicare for All’ Hearing Is Important in the Health Care Debate (W)
As Retiree Health-Care Bills Mount, States Have a Solution: Stop Paying (W)
Geopolitics & trade
Mnuchin Calls Latest Round of China Trade Talks ‘Productive’ (B)
A US-China trade deal is ‘possible’ by next Friday, sources say (C)
Industries & companies
Consumer: Clorox Predicts Slower Sales Growth For Fiscal Year (W)
FAANGs: Apple’s Profit, Revenue Fall (W)
Media: Disney Promotes Studio Executive Amid Box-Office Boom (W)
Media: Online Ad Fraud Is Down, Study Finds—or at Least It’s Harder to Detect (W)
Tech: Qualcomm Profit Will Likely Sag, but All Eyes Are on Apple Windfall (W)
Technology
For Lower-Paid Workers, the Robot Overlords Have Arrived (W)
CEOs in Health Care Discuss Challenges of Artificial Intelligence (W)
Microsoft’s security chief explains why the company is eliminating passwords (C)
Corporate finance
CVS Eases Concerns About Aetna Deal (W)
Offbeat
Family Paid $6.5 Million to Get Their Daughter Into Stanford