Americans are shopping less. But the US economic engine is still humming – CNN
To hear executives at some of America’s biggest retailers tell it, consumers are strained for cash and buying less stuff, in a troubling sign of
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Supply chain shortages delay tech sector’s AI bonanza – The Financial Times
Investors are set to assess whether enormous demand for artificial intelligence products can help offset a slump in global sales for computer hardware when Nvidia
How High a Rate Can Housing Take? – WSJ
Home builders are thriving despite high mortgage rates, but homeowners might have less to celebrate if they persist. The highest mortgage rates in a generation
Goldman, JPMorgan, Morgan Stanley, UBS in $499 million stock lending settlement – CNN
Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have agreed to pay $499 million to settle an antitrust lawsuit by investors who accused them of
‘The office is for socializing’: how work from home has revolutionized work – The Guardian
The work from home backlash is in full swing. In what seemed like an oxymoron brought to life, the video conferencing company Zoom has asked
Tackling the diversity problem in fintechs
Diversity is a complex topic that requires targeted and sustained action. Incumbent banks across the globe have dedicated time and resources to improving their gender
How Hard Should the Fed Squeeze to Reach 2% Inflation? – WSJ
Much of the work lowering inflation is done: Amid the most aggressive series of interest rate increases in four decades, it has fallen to 3.2%
Private equity firms hand over distressed companies to rivals – The Financial Times
Private equity’s biggest names including KKR and Bain Capital are handing over distressed companies to the lending arms of rivals, as they struggle with tough
Half a Million US Jobs at Risk of Vanishing in Payroll Revision – Bloomberg
US payrolls growth in the year through March is forecast to be weaker than current data illustrate — by one estimate about 500,000 jobs weaker.
Global stocks head for worst month in nearly a year – The Financial Times
Global stock markets have lost about $3tn in value this month, as a “witches’ brew” of gloomy Chinese economic data and surging US borrowing costs