New York Factory Activity Expands for First Time in Five Months
New York state manufacturing activity unexpectedly expanded in April for the first time in five months as new orders and shipments snapped back.
Bloomberg Business
Brazil Analysts Cut Interest Rate Forecasts for First Time Since 2021 as Lula Prepares Fiscal Plan
(Bloomberg) — Brazil analysts lowered their 2023 interest rate forecasts for the first time in a year and a half as President Luiz Inacio Lula da Silva puts the finishing touches on a proposal aimed to control the growth of public debt.
JPMorgan, BlackRock Say Bonds Underprice Europe Inflation
An inflation problem that’s starting to look intractable is making euro-zone bonds a risky bet as policymakers turn up the volume on hawkish warnings.
ChatGPT Can Decode Fed Speak, Predict Stock Moves From Headlines
The first wave of academic research applying ChatGPT to the world of finance is arriving — and judging by early results, the hype of the past few months is justified.
Sunak Probed By UK Parliament Standards Watchdog Over Outside Interest
UK Parliamentary Commissioner for Standards Daniel Greenberg opened an inquiry into whether Prime Minister Rishi Sunak failed to declare a relevant interest.
Lazard Adds Two Restructuring Heads As Corporate Distress Grows
Lazard Ltd. is adding two new co-heads to its restructuring and capital solutions group as the investment bank grows its team during a time of increased financial turmoil.
Mercedes-Maybach Trumpets Electric Era With EQS SUV
Mercedes-Benz AG is unveiling the Maybach EQS SUV, the ultra-luxury brand’s first battery model, picking Shanghai to impress deep-pocketed buyers in China that have pushed sales to a record.
To Get to Mars, SpaceX First Needs Starship to Launch
Elon Musk’s giant new rocket faces its biggest test yet.
Sunak’s Math Drive Demands Voters Look Beyond Current UK Crisis
Rishi Sunak pledged to boost math education in UK secondary schools to boost the economy, an attempt to position himself as a long-term prime minister even as his Conservative government struggles to persuade voters it can fix public services at risk of collapsing on its watch.
Drug and Game Makers Lead M&A’s Latest $20 Billion Bounce
Global mergers and acquisitions activity is gearing up for a spring renaissance, with more than $20 billion of potential transactions emerging since the weekend.
