Negotiations reportedly focus on key GOP demands; OpenAI CEO urges more regulation; CEOs of failed banks grilled at Senate hearing

- May 17, 2023

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Stocks fall; sales of vehicles, personal care products rise; The Home Depot says revenue fell; homebuilder confidence rises

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Retail spending rose 0.4%; Cleveland Fed Chair Mester says a pause in rate hikes is not warranted; Yellen warns of worldwide panic in financial markets if U.S. debt ceiling not raised; Home Depot sales slow in Q1

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There are early signs of what a deal might look like; Berkshire Hathaway reveals investments in quarterly regulatory filing; Fed officials say another rate hike not off the table

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The meeting was postponed to give negotiators more time; The EU has approved Microsoft’s purchase of Activision Blizzard; Vice Media has filed for bankruptcy

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Justices’ decision makes it more difficult to bring generics to market; U.S. pipeline operators to merge into fossil fuel transport giant; Cyberattack shuts down offices of Philadelphia Inquirer

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Regulators say the inflators could explode; White House meeting on debt ceiling likely Tuesday, Biden says; Ukraine’s Zelenskyy visits UK, seeking more military aid

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Stocks fall; Treasury Secretary says US will have to default on something; consumer confidence falls; tax refunds lower this year

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Stocks in regional banks were up; prices of U.S. imports rose a bit more than expected last month; Treasury Secretary Janet Yellen meets with financial leaders of the Group of Seven nations; Peloton issues a bike recall.

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Shares of PacWest bank fall almost 23 percent; Elon Musk steps down as Twitter CEO. - May 12, 2023

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