The Brutalist Report

MarketWatch

• Market Extra: Pfizer borrows $31 billion in mega bond deal as debt issuance picks up ahead of debt-ceiling deadline [1211d]
• Econofact: U.S. taxpayers are paying for yet another manufactured debt-ceiling crisis — and not for the last time [1211d]
• : Manchester United stock jumps on improved Sheikh Jassim offer [1211d]
• MarketWatch First Take: Congress and tech seem open to regulating AI efforts, but that doesn’t mean it will happen [1211d]
• Your Digital Self: This is how AI conquers humans: trapping us in its robotic ‘echo chamber’ with no escape [1211d]
• : United Launch Alliance eyes first Vulcan rocket launch later this year [1211d]
• The Conversation: War rooms and bailouts: How banks and the Fed are preparing for a U.S. default and the chaos expected to follow [1211d]
• Market Extra: Nasdaq is leading the Dow by the widest margin since 1991 as blue-chip gauge erases 2023 gain. Is that a good sign? [1211d]
• Crypto: Crypto industry insiders react to DOJ’s crackdown on potential fraud [1211d]
• : Container Store doesn’t foresee sales growth after Bed Bath & Beyond closures, stock plunges [1211d]
• : SEC charges 10 microcaps with securities-related violations [1211d]
• Personal Finance Daily: Spare a thought for flight attendants this summer and the IRS will launch free tax-filing pilot in 2024, but TurboTax, H&R Block and Republicans are opposed [1211d]
• : Tesla’s Elon Musk expects ‘a year of difficulty’ for the global economy [1211d]
• The Moneyist: I received $225,000 from the 9/11 Compensation Fund after being diagnosed with lung cancer. How should I save and invest it? [1211d]
• : Lyft chair Logan Green ‘bears particular responsibility’ for driver-safety concerns, say shareholders opposing his re-election [1211d]
• Banking: Wells Fargo resolves shareholder suit with $1 billion payment [1211d]
• Project Syndicate: There’s still time to ‘sell in May and go away’ if higher inflation sticks around [1211d]
• Key Words: Comcast is ‘more likely than not’ to sell Hulu stake to Disney next year, CEO says [1211d]
• The Tell: Why stock-market bears are inadvertently supporting a rally despite some bad news [1211d]
• TaxWatch: IRS will launch free tax-filing pilot program during the 2024 tax filing season [1211d]
• Commodities Corner: Here’s what might lead to a spike in gasoline prices this summer [1211d]
• : Blue Apron’s stock soars on news of deal that eases funding pressures [1211d]
• The Ratings Game: ‘Less ugly’ PC market could turn around by end of year as AMD and Intel shed inventory: analyst [1211d]
• Market Extra: ‘Survival of the strongest’: How pandemic-era shifts may upend market’s recession narrative [1211d]
• : Why Microsoft is giving away a Zune MP3 player that’s 15 years old — and may not work [1211d]
• : Sharpie parent Newell Brands’ stock falls toward 14-year low after dividend slashed by 70% [1211d]
• The Ratings Game: Home Depot’s bad news might not just be bad news for Lowe’s [1211d]
• : FTC sues to block Amgen’s acquisition of Horizon Therapeutics [1211d]
• : SVB bank run could have been a ‘coordinated’ effort by short sellers, says Republican congressman [1211d]
• : Senators grill SVB, Signature Bank CEOs for putting profits ahead of shareholders and depositors in collapse [1211d]
• : ServiceNow is latest technology company to make AI splash; ‘We need to build a billion apps,’ says CEO [1211d]
• The Ratings Game: Netflix’s password-sharing crackdown is imminent, but the writers’ strike may be causing a delay [1211d]
• : Sen. Cassidy says his ‘big idea’ could fix most — but not all — of the Social Security crisis [1211d]
• Key Words: ChatGPT’s Sam Altman: If AI goes wrong, it ‘can go quite wrong’ [1211d]
• The Fed: Fed’s Barkin says he’s tracking data and will decide later on June interest rate pause or hike [1211d]
• : Tesla stock rises ahead of shareholder meeting with board independence, demand in focus [1211d]
• Brett Arends's ROI: How the 2011 debt-ceiling crisis played out on the stock market — week by week [1211d]
• : Abortion pill case heads back to federal appeals court: What’s at stake [1211d]
• The Human Cost: Spare a thought for flight attendants this summer: ‘I’m expecting oversold flights, more unruly passengers’ [1211d]
• : Alphabet heads for milestone not seen in a year as stock proves popular with big funds [1211d]
• : Debt-ceiling deal not expected yet as Biden meets again with McCarthy and other lawmakers [1211d]
• Futures Movers: Oil prices head higher as traders weigh energy demand prospects [1211d]
• Economic Report: U.S. industrial output up 0.5% in April after two flat months [1211d]
• : Nearly 8 in 10 Americans think this is a bad time to buy a home, Gallup says [1211d]
• Economic Report: Retail sales rebound in April and point to steady economy [1211d]
• : SoFi CEO Noto remains an aggressive buyer of stock with new $500,000 purchase [1211d]
• Banking: Private debt lender swoops in on Hudson Hotel redevelopment loan as commercial banks stall [1211d]
• Metals Stocks: Gold retreats as rally’s momentum wanes [1211d]
• : Ex-German chancellor’s wife losing role after attending Russian embassy event [1212d]