FDIC: Q1 deposit decline for US banks was largest in 39 years

https://finance.yahoo.com/news/fdic-us-bank-deposits-dropped-by-most-in-39-years-to-start-2023-144427156.html

Worker relocations are falling — and it's not just due to hybrid work

https://www.bizjournals.com/bizjournals/news/2023/05/30/remote-work-hybrid-housing-costs-mortgage-move.html

China's economic recovery loses steam as factory production contracts further

https://www.cnn.com/2023/05/30/economy/china-pmi-economy-intl-hnk/index.html

Why the nation's banks will lose even if Biden avoids default

https://www.politico.com/news/2023/05/31/biden-default-banks-debt-00099323

Fed's Loretta Mester Sees No Compelling Reason To Pause Rate Hike: 'We May Have To Go Further'

https://www.benzinga.com/news/23/05/32641072/feds-loretta-mester-sees-no-compelling-reason-to-pause-rate-hike-we-may-have-to-go-further

McCarthy clears debt ceiling deal hurdle with House committee vote

https://www.usatoday.com/story/news/politics/2023/05/30/house-rules-debt-ceiling-bill-mccarthy/70270693007/

T-Bill Deluge Ahead? Why This Portfolio Manager Thinks US Could Have Its Own Bank Of England Moment

https://www.benzinga.com/news/23/05/32618783/t-bill-deluge-ahead-why-this-portfolio-manager-thinks-us-could-have-its-own-bank-of-england-moment

No kidding: California overtime law threatens use of grazing goats to prevent wildfires

https://apnews.com/article/california-wildfires-goats-overtime-labor-farmworkers-3a547a83a0d94bd2db0a52cf2831daf5

High risk of severe infections found among individuals with nonalcoholic fatty liver disease

https://medicalxpress.com/news/2023-05-high-severe-infections-individuals-nonalcoholic.html

UN talks on a treaty to end global plastic pollution open in Paris

https://apnews.com/article/plastic-pollution-treaty-negotiations-paris-3ef40f049b84c713b52b052e53f19ede

Wuhan is so cash-strapped it's calling in debts

https://www.cnn.com/2023/05/29/economy/china-wuhan-local-debt-crisis-intl-hnk/index.html

China Not Implementing Lockdowns Despite Alarming Surge In COVID-19 Cases

https://www.medicaldaily.com/china-not-implementing-lockdowns-despite-alarming-surge-covid-19-cases-469921

Biden, McCarthy May Have Agreed On Debt Ceiling But Here's Why A Barrage Of T-Bills Is Bad News For Households

https://www.benzinga.com/news/23/05/32611576/biden-mccarthy-may-have-agreed-on-debt-ceiling-but-heres-why-a-barrage-of-t-bills-is-bad-news-for-ho

Major central banks were expected to pause rate hikes soon. Now it's not so clear cut

https://www.cnbc.com/2023/05/29/major-central-banks-were-expected-to-pause-rate-hikes-soon-now-its-not-so-clear-cut.html

Debt deal text released as leaders corral votes

https://thehill.com/homenews/house/4024688-debt-deal-text-released-as-leaders-corral-votes/

De-Dollarization: Even China Isn't for a Complete Break From the USD

https://www.businessinsider.com/dedollarization-china-yuan-complete-break-from-the-usd-2023-5

State Farm will no longer accept applications for homeowners insurance in California, citing wildfire risk

https://abcnews.go.com/US/state-farm-longer-accept-applications-homeowners-insurance-california/story?id=99660740

Nvidia CEO Says Those Without AI Expertise Will Be Left Behind

https://www.bloomberg.com/news/articles/2023-05-28/nvidia-ceo-says-those-without-ai-expertise-will-be-left-behind

US 'won't tolerate' China's ban on Micron chips, commerce secretary says

https://www.reuters.com/technology/us-wont-tolerate-chinas-ban-micron-chips-raimondo-2023-05-27/

COVID-19 Vaccine Fall Overhaul: What You Need To Know

https://www.medicaldaily.com/covid-19-vaccine-fall-overhaul-what-you-need-know-469912

Here’s what’s in the deal to raise the debt ceiling

https://thehill.com/homenews/house/4024014-whats-in-the-deal-to-raise-the-debt-ceiling/

No, raising the debt ceiling is not really about ‘paying our bills’

https://thehill.com/opinion/4021253-no-raising-the-debt-ceiling-is-not-really-about-paying-our-bills/

NCAA Study Says Two-Thirds Of College Students Bet On Sports

https://brobible.com/sports/article/ncaa-study-college-students-bet-sports/

US: Yellen extends debt default deadline to June 5

https://www.dw.com/en/us-yellen-extends-debt-default-deadline-to-june-5/a-65750225

France Just Got Another Warning Over Its Credit Rating

https://www.bloomberg.com/news/articles/2023-05-27/france-just-got-another-warning-over-its-credit-rating

US mortgage giants were placed on credit watch. Here's what that means for home buyers

https://www.cnn.com/2023/05/26/homes/fitch-credit-watch-warning-fannie-mae-freddie/index.html

Economists Respond To April's Surprising PCE Figures: 'Inflation Isn't Slowing Down Quickly Enough'

https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32598562/economists-respond-to-aprils-surprising-pce-figures-inflation-isnt-slowing-down-qui

Consumer advocates say letting Indiana Michigan Power own its solar plants would cost customers more money than purchasing solar power

https://indianapublicradio.org/news/2023/05/consumer-advocates-say-letting-indiana-michigan-power-own-its-solar-would-cost-customers-money/

Biden-McCarthy Debt Ceiling Deal To Finalize Today; PCE Inflation Rises To 4.7%

https://coingape.com/biden-mccarthy-debt-ceiling-deal-today-pce-inflation/

AI Just Discovered An Incredible New Medicine

https://www.giantfreakinrobot.com/ent/ai-discovered-new-medicine.html

'Lots More Price Declines Are Coming': Moody's Chief Economist Sounds Alarm On Commercial Real Estate, Warns That Loan Defaults Are 'Sure To Increase'

https://www.benzinga.com/real-estate/23/05/32576891/lots-more-price-declines-are-coming-moodys-chief-economist-sounds-alarm-on-commercial-real-estate-wa

ChatGPT is making people more money and better at their jobs. 4 of them break down how.

https://www.businessinsider.com/chatgpt-work-better-earn-more-money-2023-5

Solar power investment to outstrip oil for first time, says IEA

https://www.cnn.com/2023/05/25/energy/solar-investment-to-outpace-oil-first-time/index.html

China prepares for new wave of COVID cases from XBB variant

https://www.post-gazette.com/news/health/2023/05/24/china-covid-xbb-variant-beijing-xi-jinping-pandemic-coronavirus/stories/202305240115

Australia's fifth COVID-19 wave is approaching. What can we expect from Omicron this time?

https://www.abc.net.au/news/2023-05-23/covid-omicron-fifth-wave-winter-2023/102374504

De-Dollarization Dubious, but USD Armor Getting Chipped: BlackRock

https://www.businessinsider.com/dedollarization-us-dollar-impenetrable-armor-chipped-away-blackrock-2023-5

Deutsche Bank and Citi admit anti-competitive activity in UK bond market

https://www.cnn.com/2023/05/24/investing/deutsche-citi-antitrust-uk-bonds/index.html

ChatGPT Changed Everything and Was a Black Swan Event

https://www.businessinsider.com/chatgpt-changed-everything-and-was-a-black-swan-event-2023-5

Software CEO: ChatGPT Means Writing Code Takes Days Instead of 9 Weeks

https://www.businessinsider.com/chatgpt-coding-openai-ceo-save-time-ai-jobs-software-2023-5

Fed Needs to Cool Off Hot Job Market, Ex-Chair Bernanke Says

https://www.bloomberg.com/news/articles/2023-05-23/fed-needs-to-cool-off-hot-job-market-ex-chair-bernanke-says

China’s New Covid Wave Set to See 65 Million Cases a Week

https://www.bloomberg.com/news/articles/2023-05-22/china-s-new-covid-wave-set-to-see-65-million-cases-a-week

Here’s how Biden can avoid default and a constitutional crisis

https://thehill.com/opinion/white-house/4013218-heres-how-biden-can-avoid-default-and-a-constitutional-crisis/

Could Porsche's Synthetic Fuel Be The First Legitimate Alternative And Threat To EVs

https://www.topspeed.com/heres-how-porsche-plans-to-keep-internal-combustion-alive/

Janet Yellen: Early June is a 'hard deadline' on debt ceiling

https://www.nbcnews.com/politics/white-house/janet-yellen-early-june-hard-deadline-debt-ceiling-rcna85463

A US debt default could crush small businesses. So what can we do?

https://www.theguardian.com/business/2023/may/21/us-debt-default-crisis-small-business

Federal Reserve officials are growing skeptical over suspending rate hikes

https://www.cnn.com/2023/05/19/business/fed-officials-rate-pause/index.html

Debt ceiling farce holds the world hostage | South China Morning Post

https://www.scmp.com/comment/opinion/article/3221270/debt-ceiling-farce-holds-world-hostage

TikTok creators sue Montana over app ban

https://www.cnn.com/2023/05/18/tech/tiktok-montana-lawsuit/index.html

The Next COVID-19 Vaccine Should Only Target XBB WHO Advises

https://time.com/6280933/who-updated-covid-19-vaccine/

Wall Street's Trillion-Dollar Headache Will Arrive When Debt Ceiling Crisis Gets Resolved: Here's How

https://www.benzinga.com/amp/content/32480292

IRS to Test Offering Free Online Tax Filing

https://www.propublica.org/article/irs-income-taxes-free-file-turbotax-intuit

Regional bank stocks soar after Western Alliance says deposits are growing

https://www.cnn.com/2023/05/17/business/bank-stocks-western/index.html

Initial jobless claims increase for fourth consecutive week

https://www.cnn.com/2023/05/18/economy/initial-jobless-claims-massachusetts-fraud/index.html

US banks rethink social media as a threat, not a marketing tool

https://www.reuters.com/business/finance/us-banks-rethink-social-media-threat-not-marketing-tool-2023-05-18/

Dirty-bomb antidote: Drug trial begins in US

https://www.bbc.com/news/health-65595250

Bird flu could become the next human pandemic – and politicians aren’t paying attention

https://www.theguardian.com/commentisfree/2023/may/16/research-bird-flu-humans-prepare-now

Home Depot, after years of explosive growth, cuts its outlook as Americans cool spending on homes

https://apnews.com/article/home-depot-outlook-sales-weather-611422a9301e13bb797c4fc15ba1e02c

Pizzeria owner: Restaurants are 'getting pummeled.' Skyrocketing swipe fees add injury

https://www.dispatch.com/story/opinion/columns/guest/2023/05/16/skyrocketing-swipe-fees-hurting-ohio-restaurants-credit-card-competition-act/70195724007/

Being 'woke' is a precondition for being a successful capitalist, companies must adapt

https://www.jsonline.com/story/opinion/2023/05/16/companies-must-adapt-to-greener-more-diverse-marketplace-workforce/70159804007/

Surge in Corporate Bankruptcies Just the Start for Debt-Loaded Firms

https://www.businessinsider.com/credit-crunch-corporate-bankruptcy-trends-risk-increase-debt-interest-rates-2023-5

The Baby Boomer Retirement Surge Will Spark a Forever Labor Shortage

https://www.businessinsider.com/baby-boomer-retirement-surge-spark-forever-labor-shortage-jobs-workers-2023-5

Fed's Bostic casts doubt on rate cuts this year even if there's a recession

https://www.cnbc.com/2023/05/15/feds-bostic-casts-doubt-on-rate-cuts-this-year-even-if-theres-a-recession.html

How Wall Street is preparing for possible US debt default

https://www.reuters.com/markets/us/how-wall-street-is-preparing-possible-us-debt-default-2023-05-15/

This side hustle pays up to $200 an hour and doesn't require a degree

https://www.cnbc.com/2023/05/14/this-side-hustle-pays-up-to-200-an-hour-and-doesnt-require-a-degree.html

More Than 700 Banks Face Significant Safety and Soundness Risk Due To Unrealized Losses, Says Federal Reserve Report

https://www.benzinga.com/amp/content/32380845

Leaving Tech Jobs for Blue Collar Stability Is Helping the Economy

https://www.businessinsider.com/recession-oulook-blue-collar-jobs-powering-economy-pay-stability-2023-5

Exclusive: G7 summit statement to target China's 'economic coercion'

https://www.reuters.com/business/g7-summit-statement-target-chinas-economic-coercion-source-2023-05-12/

Neil Gorsuch is preparing his revenge - by taking down regulatory agencies

https://www.rawstory.com/neil-gorsuch/

Vornado REIT Risks Debt Breach, Goldman Sachs Warns

https://therealdeal.com/new-york/2023/05/11/vornado-warning-reit-slipping-toward-debt-breach-analysts-say/

Breaking: Florida Becomes The First US State To Ban Central Bank Digital Currencies

https://coingape.com/florida-becomes-the-first-us-state-to-officially-ban-cbdcs/

COVID-19 Won't Have Influenza's Seasonal Pattern Of Spread: Report

https://www.medicaldaily.com/covid-19-wont-have-seasonal-pattern-spread-like-influenza-report-469736

Congressional Budget Office warns of US debt default 'in first two weeks of June'

https://abcnews.go.com/Politics/congressional-budget-office-warns-us-debt-default-weeks/story?id=99282851

Millions hit by home printing block - you must use official and expensive ink or your printer gets disabled

https://www.mirror.co.uk/tech/hp-printer-block-unofficial-cartridge-29959820

As PacWest shares dive, are we seeing the 2008 financial crisis all over again?

https://www.cnn.com/2023/05/11/business/2008-banking-crisis-comparison/index.html

By Calling for a Ban on Short-Selling in Bank Stocks, JP Morgan’s Jamie Dimon Just Aggravated PacWest’s Deposit Run

https://wccftech.com/by-calling-for-a-ban-on-short-selling-in-bank-stocks-jp-morgan-jamie-dimon-just-aggravated-pacwest-deposit-run/

PacWest Bank shares fall 20% as crisis prompts customers to yank deposits

https://www.cnn.com/2023/05/11/business/pacwest-banking-crisis/index.html

De-Dollarization: China Using CNY for Almost All Russian Oil Imports

https://www.businessinsider.com/dedollariztion-china-yuan-russia-oil-imports-sanctions-2023-5

Recession Coming This Summer and Will Last Through Mid-2024: Evercore Chairman

https://www.businessinsider.com/recession-outlook-us-economy-downturn-fed-interest-rates-inflation-banks-2023-5

First Citizens to Halt Originating New General Office Loans

https://www.bloomberg.com/news/articles/2023-05-10/first-citizens-to-halt-originating-new-general-office-loans

Is College A Waste Of Money? Majority Of Americans Seem To Think So

https://www.benzinga.com/news/23/05/32318824/is-college-a-waste-of-money-majority-of-americans-seem-to-think-so

$88B in Securitized Mortgages at Risk

https://therealdeal.com/national/2023/05/09/88b-in-securitized-mortgages-at-risk/

Minnesota lawmakers reach deal for free college tuition

https://www.cbsnews.com/minnesota/news/minnesota-lawmakers-reach-deal-for-free-college-tuition/

Americans have abandoned common sense on debt ceiling, shootings and Trump

https://www.upi.com/Voices/2023/05/10/Harlan-Ullman-us-politics-debt-ceiling/2921683651698/

Federal Reserve’s strategy ‘appears to be working’ as US inflation dips to 4.9%

https://www.standard.co.uk/business/us-inflation-dips-slightly-to-4-9-federal-reserve-price-rises-cpi-food-fuel-core-b1080108.html

Don’t Be Afraid of CHATGPT, It’s Just Another Innovation We’ll Learn to Love

https://goodmenproject.com/featured-content/dont-be-afraid-of-chatgpt-its-just-another-innovation-well-learn-to-love/

China's shrinking imports, slower exports growth darken economic outlook

https://www.cnn.com/2023/05/09/economy/china-trade-april-hnk-intl/index.html

ChatGPT: Chinese police detain man for allegedly using it to spread rumors online

https://www.cnn.com/2023/05/09/tech/china-arrest-chatgpt-hnk-intl/index.html

PacWest Resumes Selloff as Battered Regional Bank Stocks Slide

https://www.bloomberg.com/news/articles/2023-05-09/pacwest-resumes-selloff-as-battered-regional-bank-stocks-slide

AI Doing the Work of 250 People at an Energy Company, CEO Says

https://www.businessinsider.com/ai-work-automation-octopus-energy-greg-jackson-2023-5

Fractional Reserve Banking Is a Fraud (but It's Genius)

https://www.coindesk.com/consensus-magazine/2023/05/08/fractional-reserve-banking-is-a-fraud-but-its-genius/

Golden Coral, Cicis Buffets Rebound After COVID Thanks to Inflation

https://www.businessinsider.com/golden-coral-cicis-buffets-rebound-after-covid-thanks-to-inflation-2023-5

Government employees union sues Yellen, Biden over ‘unconstitutional’ debt limit law

https://thehill.com/regulation/court-battles/3993782-government-employees-union-sues-yellen-biden-over-unconstitutional-debt-limit-law/

Italy Plans Crisis Meeting to Address Soaring Pasta Prices

https://www.businessinsider.com/italy-plans-crisis-meeting-to-address-soaring-pasta-prices-reports-2023-5

Premarket stocks: The Fed could be on the verge of repeating its 1970s mistake

https://www.cnn.com/2023/05/08/investing/premarket-stocks-trading/index.html

PacWest Stock Soars After Slashing Dividend, Says Business 'Sound'

https://www.thestreet.com/investing/stocks/pacwest-stock-soars-after-slashing-dividend-says-business-sound

New data shows US renters pay a ‘singles tax’ of up to $19,500

https://moneywise.com/real-estate/US-singles-tax-renters

‘China threat’ needed to feed the insatiable US military-industrial complex

https://www.scmp.com/comment/opinion/article/3219686/china-threat-needed-feed-insatiable-us-military-industrial-complex

ChatGPT can pick stocks better than your fund manager

https://www.cnn.com/2023/05/05/investing/chatgpt-outperforms-investment-funds/index.html

'We Shouldn't Regulate AI Until We See Meaningful Harm': Microsoft Economist to WEF

https://sociable.co/government-and-policy/shouldnt-regulate-ai-meaningful-harm-microsoft-wef/

'Holy moly': Economists praise Biden’s jobs results as 'a force for equality'

https://www.alternet.org/biden-jobs-2659970400/

U.S. adds over a quarter million jobs despite Fed’s rate hikes

https://www.pbs.org/newshour/economy/u-s-adds-over-a-quarter-million-jobs-despite-feds-rate-hikes

The first crewed mission to Mars should be female-only -- for practical reasons

https://www.zmescience.com/science/news-science/the-first-crewed-mission-to-mars-should-be-female-only-for-practical-reasons/

Jenny Craig is going out of business - weight loss drugs strong competitors

https://www.cnn.com/2023/05/05/business/jenny-craig-shutdown/index.html

Truckers Will Struggle to Stay Afloat If Things Don't Pick up

https://www.businessinsider.com/frieght-recession-trucking-companies-struggle-to-stay-afloat-2023-5

Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices

https://www.cnbc.com/2023/05/04/budweiser-owner-ab-inbev-reports-profit-hike-as-beer-drinkers-shoulder-higher-prices.html

What do DePaul's budget woes mean for Catholic higher ed?

https://www.insidehighered.com/news/business/financial-health/2023/05/05/what-do-depauls-budget-woes-mean-catholic-higher-ed

US banking crisis risks becoming ‘self-fulfilling prophecy’, analysts say

https://www.theguardian.com/business/2023/may/05/us-banking-crisis-risks-becoming-self-fulfilling-prophecy-analysts-say

Westinghouse Electric Unveils Plans for Its First Small Nuclear Power Plant

https://www.bloomberg.com/news/articles/2023-05-04/westinghouse-unveils-plans-for-its-first-small-nuclear-reactor

Rep. Angie Craig Drops College Degree Requirements for Office Jobs

https://www.businessinsider.com/college-degree-no-longer-required-work-congress-angie-craig-2023-5

Troubled Bank PacWest Crashes

https://www.thestreet.com/banking/troubled-bank-pacwest-crashes

White House launches an AI plan, including future policies for US agencies

https://www.cnn.com/2023/05/04/tech/white-house-ai-plan/index.html

Bill Ackman Warns No Regional Bank Can Survive Current Crisis

https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32205292/bill-ackman-warns-no-regional-bank-can-survive-current-crisis-running-out-of-time-t

White House details ‘severe damage’ if debt ceiling default

https://www.nbcnews.com/politics/white-house/white-house-details-severe-damage-economy-debt-ceiling-default-occurs-rcna82743

Fed delivers small rate hike, flags possible pause in tightening cycle

https://www.reuters.com/markets/us/fed-likely-hike-rates-hint-pause-tightening-cycle-2023-05-03/

Target CEO Earned 680 Times Median Employee's Pay in 2022

https://www.businessinsider.com/target-ceo-earned-680-times-median-employees-pay-in-2022-2023-5

BP posts second largest first-quarter profit since 2012

https://www.upi.com/Top_News/World-News/2023/05/02/BP-High-Energy-Prices-Boost-Profit/5411683015005/

First Republic collapse sparks regional bank shares sell-off

https://www.reuters.com/business/finance/first-republic-collapse-sparks-sector-wide-regional-bank-shares-sell-off-2023-05-01/

Yellen Warns US Could Hit Debt Ceiling By June 1, Investors Worry About Crypto Meltdown

https://www.ibtimes.com/yellen-warns-us-could-hit-debt-ceiling-june-1-crypto-meltdown-imminent-3690530

WordPress drops Twitter over API price hike

https://bangpremier.com/permalink/2800821

FDIC proposes changes to deposit insurance system in wake of bank failures

https://seekingalpha.com/news/3962845-fdic-proposes-changes-to-deposit-insurance-system

Apollo's Rowan Says Commercial Real Estate Faces Next Wave of Financial Stress

https://www.bloomberg.com/news/articles/2023-05-01/apollo-s-rowan-says-next-stress-wave-is-commercial-real-estate

Why First Republic Failed, and What It Means for the Rest of the Banking Industry

https://www.businessinsider.com/why-first-republic-failed-what-means-rest-banking-industry-2023-5

First Republic's pain had a lot to do with its reliance on wealthy clientele

https://www.cnn.com/2023/05/01/business/first-republic-bank-fail-analysis/index.html