Failure to reach a deal could potentially disrupt Social Security payments to roughly 70 million recipients, though some doubt any problems.
: The labor market is strong. So why the decline in job openings? Blame the Fed’s rate hikes, says one analyst.
The Federal Reserve on Wednesday raised its key interest rate, making it the 10th-straight meeting with a rate increase.
: With writers on strike, would Hollywood call on AI to fill in? That day may not be far away.
The strike by screenwriters is partially motivated by fears of being replaced by AI. But the strike itself might increase studio interest in “chatbot” scripts.
: U.S. car sales could surprise on the upside, Cox says
April U.S. auto sales may be higher than a recent forecast, thanks to better inventories and a “healthy dose” of fleet sales.
: ImmunoGen stock rockets after ovarian cancer treatment shows ‘meaningful’ survival benefit
ImmunoGen’s stock soared toward a record a record gain Wednesday, after a trial of the biotech’s ovarian cancer treatment produced positive survival data.
: ‘Big Tech is knowingly fueling a mental-health crisis in this country’ — Senator’s long battle to protect kids online reaches new stage
COPPA 2.0 raises the age limit for privacy protections to 16 from 13 and bans targeted ads aimed at children.
: This real-estate agent listed 2 houses. He showed them 88 times, and got 12 offers. ‘I didn’t even have my sign in the ground’
Homebuyers are back to battling it out with homes receiving multiple offers, amid tight inventory.
: Nasdaq kicks off Bed Bath & Beyond delisting process
Bed Bath & Beyond’s stock was suspended on the Nasdaq Wednesday, and was trading over the counter under the ticker “BBBYQ.”
Earnings Outlook: AB-InBev earnings due: A Bud Light backlash is not its biggest problem.
Anheuser-Busch InBev, the parent company of Budweiser and Bud Light, reports first-quarter results on Thursday.
Banking: Selloff in regional-bank stocks halted as Western Alliance and PacWest shares move higher
Hovde analyst says steep drop in Western Alliance’s stock was “irrational” and reiterated his outperform rating.
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