Robust consumer spending helped China’s economy grow by the fastest rate in a year last quarter — a development we’ve long been preparing for. Story Published at: April 18, 2023 at 06:33PM
China’s economy is on the rebound — and that’s good news for 3 of the Club’s consumer stocks
Fed Governor Bowman casts doubt on the need for a U.S. digital dollar
A CBDC could intrude on the privacy of users and harm banks while providing few benefits otherwise, Bowman said in a speech.Story Published at: April 18, 2023 at 06:01PM
Boeing CEO stands by plans to increase 737 Max production despite recent flaw
Boeing disclosed a flaw with some of its 737 Max planes last week and said it was likely to delay deliveries. Story Published at: April 18, 2023 at 05:49PM
Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time’
Atlanta Fed chief thinks the FOMC can watch and wait as the lags that come with monetary policy work their way through the economy.Story Published at: April 18, 2023 at 05:05PM
Netflix reports earnings after the bell — here’s what to expect
Netflix reports first-quarter earnings after the bell on Tuesday, as investors await updates about its new ad-supported tier and password-sharing crackdown. Story Published at: April 18, 2023 at 05:00PM
Norway’s giant sovereign wealth fund says there’s money to be saved by identifying ‘rotten apples’
Norway’s gigantic sovereign wealth fund believes it is becoming increasingly important to identify as many “rotten apples” as it can.Story Published at: April 18, 2023 at 02:20PM
Elon Musk calls for regulation of A.I., plans ‘TruthGPT’ to rival OpenAI, DeepMind
Tesla, SpaceX and Twitter CEO Elon Musk called for regulation of AI during a taped interview that aired Monday on Fox News Channel’s Tucker Carlson Tonight.Story Published at: April 18, 2023 at 01:16PM
Power firm SSE says backing renewables can help get Britain closer to energy self-reliance
The CEO of British power firm SSE says a rapid build-out of renewable projects can help the U.K. to secure its energy security. Story Published at: April 18, 2023 at 12:09PM
The EU’s divided approach on China might be coming to an end — and the U.S. is unlikely to be happy about it
European Union officials on Tuesday called for a new and joint approach toward China, in a move that is unlikely to please the United States.Story Published at: April 18, 2023 at 12:00PM
Treasury yields little changed as focus remains on economic outlook, earnings
U.S. Treasury yields were little changed on Tuesday, as investors continued to assess the outlook for the U.S. economy and digested the latest round of corporate earnings.Story Published at: April 18, 2023 at 07:29AM