The Reserve Bank of Australia remains vigilant to the risk of a resurgence in inflation, warning in the minutes of its May 2 policy meeting that further increases to interest rates can’t be ruled out and the path to a soft landing for the economy was very narrow.
: Ex-CEO of Silicon Valley Bank says no bank could have survived a run ‘of that velocity and magnitude’
The former chief executive of Silicon Valley Bank plans to tell lawmakers Tuesday he did the best he could under the circumstances, and will apologize for the bank’s collapse.
: David Sacks to join Rumble’s board — after fellow ‘PayPal Mafia’ alum Peter Thiel throws support behind video platform
David Sacks, a tech entrepreneur and member of the so-called “PayPal Mafia,” is set to join the board of the video-sharing and social-media site Rumble Inc.
: Peacock to exclusively stream one NFL wild-card playoff game next season
Peacock will exclusively stream an NFL playoff game for the first time next season, in a sign of streaming services’ growing interest in live sports.
The Tell: A U.S. default would destabilize the financial ecosystem that investors swim in, strategist warns
Investors around the world are fish that ‘swim in the ocean’ of Treasurys and the dollar ‘is the water,’ leaving few places to hide if the U.S. government willingly defaults, says Amar Reganti, fixed income strategist at Hartford Funds.
Market Extra: Turkey ETF ends 8% lower as presidential election heads for runoff
Turkey ETF tumbles on Monday as neither incumbent President Recep Tayyip Erdogan nor his rival Kemal Kilicdaroglu won more than 50% of votes by Monday.
The Tell: A potential U.S. debt-ceiling suspension may present an upside risk for dollar, says BNP Paribas
The looming U.S. debt-ceiling crisis has taken center stage in the U.S. financial markets as investors are holding out for an update on plans to resolve a three-month standoff and avoid a default on U.S. Treasury debt.
: Loeb’s Third Point buys up new stakes in Alibaba, AMD and Alphabet while dumping Disney’s stock
Daniel Loeb’s Third Point LLC took out new positions in Alphabet Inc., Alibaba Group Holding Ltd. and Advanced Micro Devices Inc. during the latest quarter.
: Bill Ackman’s Pershing Square reveals new Alphabet stake of 10.3 million shares
Pershing Square Capital Management LP acquired a new position in Alphabet Inc. during the first quarter, new disclosures showed Monday.
: Warren Buffett’s Berkshire Hathaway switched stakes in two banks, and the stocks head in opposite directions
Warren Buffett’s Berkshire Hathaway Inc. made a change in banking targets for investment, sending two banks’ shares in opposite directions Monday afternoon.
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