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.
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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
