Russia Pushes India for Help to Avert Global Financial Isolation Australia Tries to Break Its Dependence on China for Lithium Mining Saudi Energy Minister Tells Oil Speculators to ‘Watch Out’ Why Inflation Erupted: Two Top Economists Have the Answer Fed Rate Path Hinges on Trade-Off Between Stable Banks or Prices New Report Underscores Increasing Chances of U.S. Default in Early June Why We May Need a Stock Market Plunge to Solve the Debt Ceiling Crisis $793 Billion PGIM Fund Is Betting on Rerun of US Debt Drama PacWest Shares Jump After $2.6 Billion Real Estate Loan Sale Citi Says Buyers Plow ..read more

China’s $23 Trillion Local Debt Mess Is About to Get Worse In Contrast to China, Japan at G-7 Basks in Newfound Appeal to Companies Goldman Sachs Says the US Has an Extra 8 Days Before it Runs Out of Money to Pay Its Bills. That Could Buy It More Time to Negotiate the Debt Ceiling Morgan Stanley Says US Rally Isn’t Start of Bull Market America’s Biggest Bank Is Everywhere—and It Isn’t Done Growing JPMorgan Boosts Net Interest Outlook on First Republic Deal Immigrants’ Share of the U.S. Labor Force Grows to a New High Minnesota Passes Bill Seeking to Ensure Minimum Wage for Gig Workers An Oil R ..read more

To Counter China, G7 Countries Borrow Its Economic Playbook Japanese Stocks Have Hit a 33-Year High. Warren Buffett Helped. What Would Happen if the U.S. Defaulted on Its Debt Fed Officials Consider Skipping a Hike in June — But Don’t Call It a Pause Even a ‘Mild’ US Recession Comes With Steep Price in Lost Jobs Rebound in Treasury Yields Fueled by Resilient Growth, Inflation BlackRock’s Wei Li Says the ‘Goldilocks’ Era is Over for Markets ESG Investing Goes Quiet After Blistering Republican Attacks SVB’s Collapse Resurrects the Idea of Banking Without Bank Runs Home Prices Posted Largest Annu ..read more

An Untested Oil Price Cap Has Helped Choke Revenue to Russia As Oil Giants Retreat Globally, Smaller Players Rush In A Pipeline Pushed to the Limit Preceded Keystone’s Worst Oil Spill How to Use the Debt Ceiling to Inflict Cruelty on the Poor Wall Street Fears $1 Trillion Aftershock From Debt Deal A $1 Trillion T-Bill Deluge Is Painful Risk of a Debt-Limit Deal Micron Outlines $3.6 Billion Investment in Chip Plant With Japan’s Backing Alibaba to Spin Off Cloud Unit. Stock Falling Despite Earnings Beat AT&T Is Spending Billions to Wire U.S. for Fast Internet as Rivals Take Different Path Ap ..read more

EU States Approve World’s First Comprehensive Crypto Rules China’s Recovery Loses Steam, Signaling Trouble for Global Economy U.S. Tech Espionage Team Unveils First Cases Involving China and Russia UBS Sees $35 Billion Gain on Credit Suisse, Warns of Legal Costs ‘Foreign Investors Are Back’: Japan Stocks Surge To Their Highest Since 1990 Wall Street’s Biggest Banks Face a Harsh Reality Check in China Default Fears Rattle Main Street Investors JPMorgan Asset Says Markets Are Right to Bet Fed Cuts Are Coming Shoppers Boosted Retail Sales in April, Reversing Two Months of Declines What Everyone—E ..read more

(This is the free version of CWS Market Review. If you like what you see, then please sign up for the premium newsletter for $20 per month or $200 for the whole year. If you sign up today, you can see our two reports, “Your Handy Guide to Stock Orders” and “How Not to Get Screwed on Your Mortgage.”) The Stock Market Is Eerily Quiet There’s an adage on Wall Street that investors should “sell in May and go away.” There’s some historical evidence to back that up. A few years ago, I ran through the entire history of the Dow Jones Industrial Average, going back to its start in 1896. What I found wa ..read more

The Green Energy Transition Has a Chilean Copper Problem Can the World Make an Electric Car Battery Without China? China’s Youth Unemployment Tops 20% Amid Signs of Stalling Recovery China’s Waning Economic Recovery Spurs Calls for Stimulus Yellen Warns ‘Time Is Running Out’ Ahead of Biden-McCarthy Meet Shrinking Debt-Ceiling Window Has Markets on Edge as Yellen Reiterates June Warning Investors Most Pessimistic So Far This Year, BofA Survey Shows Workers Are Still Needed, but Many Small Businesses Have Slowed Hiring The Return to the Office Has Stalled A Lot of Offices Are Still Empty — and I ..read more

Why Some Investors Are Betting on China’s Recovery but Avoiding Chinese Shares G-7 Leaders Expected to Take Aim at Chinese ‘Economic Coercion’ The Rent Portion of CPI Is a Reminder of Its Impressive Pointlessness Plunging Tax Revenue Accelerates Debt-Ceiling Deadline Debt-Limit Default Risk Is Higher Than Ever. How Can You Safeguard Your Wealth? The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners The CME’s Terry Duffy on the Big Risks He’s Seeing Now CEO Pay Packages Fell Sharply in 2022 as the Stock Market Sank The UBS Banker Ermotti Is Counting On to Clean Up Credit ..read more

How an Aging Armada and Mystery Traders Keep Russian Oil Afloat ‘Still a Long Way to Go’: UK Finance Minister Warns Inflation Remains Far Too High Fed Official Signals Support for Further Rate Increases Waller Says Fed Shouldn’t Let Climate Concerns Distract From Overall Stability Risks The Debt Ceiling Dispute Raises the Risks for ‘Risk-Free’ U.S. Bonds Yellen Says Only Good Outcome Is Congress Raising Debt Ceiling Wall Street Loads Up on Doom Hedges as Countdown to X-Day Begins Big US Banks to Pay Billions to Replenish Failure Fund Jamie Dimon Says Enough Is Enough Tales From the Crypto Wint ..read more

How the U.S. Is Trying to Block China’s Control of Ports Around the Globe Luxury Imports to Russia Take a Detour Around Sanctions — Through Dubai Bank of England Raises Interest Rates to Highest Level in 15 Years US Credit Crunch Didn’t Start with SVB Collapse, and May Not End There Why the April Inflation Report Reinforces the Fed’s Plans to Pause Yellen Says Debt Default Would Hurt US International Leadership How Past Debt Limit Crises Shaped Biden’s No-Negotiation Stance We May Be Getting Used to High Inflation, and That’s Bad News Food Prices Were Flat in April, Report Shows Almost Every P ..read more