From the BBC World Service: A Vietnamese court sentenced property developer Truong My Lan to death after she was convicted of taking $44 billion from one of Vietnam’s largest banks. Also, South Korea’s liberal opposition party won in a landslide majority in the country’s general election. And paralympian Stef Reid is asking sportswear companies who use amputee athletes in their marketing why it’s not possible to buy single shoes.

A death sentence for one of the biggest bank frauds in history

In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you’ll get a global markets update from the BBC World Service in London. 

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On Wednesday, we get glimpses of two very different ends of the economy: Both retailer Target and AI chipmaker Nvidia report earnings. One lives in the world of consumers facing high interest rates, while the other occupies the sphere of cutting edge technology. What can we anticipate? Then, caregiving is a major factor behind the rise of multigenerational households in the U.S. We’ll hear from one family who came to live together.
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What two companies can tell us about two corners of the economy

Houston residents are once again rebuilding after a severe windstorm delivered damage to cars, businesses and homes last week. Insurers are just beginning to assess the extent of the damage — at a time when insurance is getting pricier and harder to find. Then, the FDIC’s chair says he will step down once a successor is confirmed following investigations into toxic culture at the agency. Plus, can legislation save local news?
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In Houston, storm damage recovery and insurance hurdles

From the BBC World Service: Artificial intelligence has been argued to be the tech of our time, and lawmakers have been grappling with how to regulate it. Today, the European Union approved what it says is the first AI law of its kind in the world. Plus, we hear how Japanese authorities are clamping down on tiresome tourists. And why has the U.S. takeover of a Premier League soccer club run into overtime?
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Lawmakers play catch-up with artificial intelligence

The popular Red Lobster restaurant seafood chain has officially filed for bankruptcy protection. The eatery has struggled with high labor costs, expensive leases and a popular promotion that ate into profits. Today, we’ll trace back Red Lobster’s struggles. Then, the final results of major New York auction house sales show the art world is struggling to overcome a recession. And later: What’s it like living in a multigenerational residential community?
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Red Lobster’s woes go beyond just bottomless shrimp

The Chinese government is putting sanctions on three U.S. defense companies. The move came as Taiwan swore in its new president, who called on China to stop trying to intimidate the country, and includes the latest economic restrictions between the U.S. and China as both countries move to protect domestic industries. Plus, health care providers continue to reel from a February cyberattack, and analysts worry about the adverse effects of Google’s AI-powered search results.
It’s your last chance to double your impact during our May fundraiser — the Investors Challenge Fund is matching donations up to $25,000 today! Give right now!

A death sentence for one of the biggest bank frauds in history

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