April 28 (Friday)

Latest Morning Briefing Executive Summary: Tech, Staples & Robotaxis
Before long, every large corporation will be following in PricewaterhouseCoopers’ footsteps and trying to leverage AI to their advantage. Microsoft is well positioned to benefit via its OpenAI investment and Azure cloud computing service. … Consumer Staples companies have turned investors’ heads with stellar March-quarter results, buoyed by pricing power. But their unit sales growth might be vulnerable to price-sensitive consumers’ disloyalty. … And in our Disruptive Technology segment, Jackie explores the Achilles’ heel of autonomous vehicles: situations they haven’t been programmed for.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on April 24.

Markets
Here’s why the stock market had such a massive rally Thursday | C
 
Central banks
Sluggish growth and high inflation leave ECB in tight spot | R
Wage Growth, Inflation Data to Inform Fed Before Rate Decision | W

US
Where the trucking and rail recession is showing up in economic data | C
More Gen Z Adults Are Living Paycheck to Paycheck in the US | B
73% of millennials are living paycheck to paycheck, new report finds | C
US, UK Households Are ‘Cash-Stuffing’ to Cope With Cost-of-Living Jump | B

Europe
Europe’s Economy Barely Avoids Recession | W

China
China Celebrates Economic Recovery, Pledges More Help on Jobs | W
China investment consensus cracks as politics fuel fears | R
China migrants use social media on long trek to the U.S. | R

Geopolitics & trade
China’s Xi Seeks to Regain Initiative in Europe Through Ukraine | W
China Ratchets Up Pressure on Foreign Companies | W

Industries & companies
Autos: EV Chargers Become a Hot Commodity at Hotels | W
Energy: Exxon, Chevron Profits Are Robust Even as Oil Prices Drop | W
Financials: The Fed’s Postmortem on Silicon Valley Bank Releases Today. Here’s What to Expect. | W
Financials: Lazard (LAZ) to Cut Workforce 10% as CEO Predicts Slump Through 2023 | B
Financials: U.S. officials lead urgent rescue talks for First Republic | R

Climate
Europe’s Green-Energy Push Struggles to Match U.S. Momentum | W
 
Corporate finance           
On capital gains taxes, Biden should look back at history | The Hill

Technology
Europe to ChatGPT: Disclose Your Sources | W
I Cloned Myself With AI. She Fooled My Bank and My Family. | W

Beyond markets
‘That’s Just Crazy’: The Metropolis Where Rents Rise 60%, 75%, Even 100% | W