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.
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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
