Morning News: May 2, 2024

Australia’s Trade Surplus Narrows as Households Defy High Rates

China’s Climate Envoy Has an Economic Case to Make in Washington

Biden Calls Ally Japan ‘Xenophobic’ Along With China, Russia

Japan Likely Spent About $23 Billion in Latest Yen Intervention

Powell Keeps Rate Cuts on Table But Leaves Timing Less Certain

You Can’t Call Jerome Powell a Big Teaser

What Will It Take for the Fed to Lower Rates?

In Jamie Dimon’s America, the Stock Market Has Already Voted

Wall Street Seizes Opportunity to Gut SEC Trading Surveillance

The State of Crypto Is Anything But Strong

Why Banks These Days Are So Excited About Being Boring

Blackstone Taps Vast Source of Cash in $1 Trillion Credit Push

NYSE-Parent ICE’s Profit Rises on Record Surge in Energy Market Volatility

Strongest U.S. Challenge to Big Tech’s Power Nears Climax in Google Trial

The Judge Deciding Google’s Fate

Why Megacorporations Shouldn’t Overestimate Their Monopoly Power

Musk’s Starlink Persists in Unauthorized Areas Despite Shutdown Warnings

Huawei Secretly Backs US Research, Awarding Millions in Prizes

Intel Bets $28 Billion Comeback on High=Tech US Chip Designs

BYD’s First-Quarter Story Is in The Margins

Apple’s Earnings Come With a Low Bar and Big Buyback Hopes

Shell Beats Forecasts on Gas-Trading Resilience; Launches $3.5 Billion Buyback

Moderna Posts Quarterly Sales Beat, Smaller Loss than Expected

Novo Nordisk Hikes Guidance as Weight-Loss Drug Sales Surge. Why the Stock’s Falling

Peloton CEO McCarthy to Step Down; Firm to Cut 15% of Workforce

Be sure to follow me on Twitter.

Posted by on May 2nd, 2024 at 7:07 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.