The British pound has put the volatility in U.K. financial markets during the former premiership of Liz Truss very far in the rearview window as the Bank of England readies another interest-rate hike.
Dow Jones Newswires: Li Auto shares rise sharply in Hong Kong after swing to Q1 net profit
Li Auto’s shares rose sharply in Hong Kong on Thursday morning after the Chinese electric-vehicle maker reported a swing to a net profit in the first quarter from a net loss a year earlier.
Dow Jones Newswires: China’s consumer inflation eases in April to lowest level since early 2021
China’s consumer inflation eased to its lowest level in more than two years, as food and nonfood prices moderated, official data showed Thursday.
: Trump on debt ceiling: GOP should force government default if Democrats won’t make ‘massive’ spending cuts
Former President Donald Trump said at a CNN town hall Wednesday night that Republicans should force the government to default if Democrats won’t make spending-cut concessions in the debt-ceiling fight.
Crypto: Shaq hasn’t been served in FTX lawsuit after all, his lawyers say
In a new twist to the months-long saga of trying to serve Shaquille O’Neal in a shareholders’ lawsuit against failed crypto platform FTX, lawyers for the basketball Hall of Famer say that despite plaintiffs’ attorneys’ claims, he has still not yet been served.
Chuck Jaffe: Rate hikes haven’t brought inflation down to the Fed’s 2% target. Here’s what the central bank could do next.
Rate hikes might be done, but raising the target inflation rate from 2% could be in the offing.
Michael Brush: These 5 stocks stand out in a banking sector filled with great bargains
Elon Musk has it all wrong – here’s why the bank sector won’t blow up.
Outside the Box: ‘The average person who buys life insurance loses money.’ Buy stocks instead and your family will thank you.
Instead of doling out monthly premiums, invest in the market with the expectation of earning more than a 2.5% yearly return.
Jonathan Burton’s Life Savings: ‘The Fed is way late and they’ve already screwed it up.’ This stock strategist is banking on gold, silver and Treasurys to weather a recession.
Hedgeye’s Keith McCullough says the market is in denial: ‘Investors just want their bubble back.’
The Tell: Office REITs with this falling profitability metric are a worrying sign, Barclays says
A more than 10% drop in net operating income reported by several office REITs in the past year is a ’cause for concern,’ according to Barclays Research.
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