Morgan Stanley chief says ‘existential’ need for M&A will revive investment banking
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Micron’s stock rises as Morgan Stanley admits its bearish stance ‘was a mistake’
An analyst said he failed to properly appreciate how high-bandwidth memory would drive stock momentum.MarketWatch - Business -
One of Wall Street’s last remaining bears, Morgan Stanley, has finally capitulated. Here’s its new S&P 500 target.
Morgan Stanley’s Mike Wilson sees S&P 500 at 5,400 by second quarter of next yearMarketWatch - Business -
Pension funds need ‘compelling’ returns from UK nuclear projects to invest
Potential investors tell Jeremy Hunt regulatory clarity also essential before backing new power plantsFinancial Times - World - United Kingdom -
Bet on the middle class and M&A with these stocks as Dow nears 40,000, says value manager
Ariel Investments’ vice chairman Charlie Bobrinskoy tells CNBC that as the Dow nears 40,000, there are bargains to be found in the value space.MarketWatch - Business -
Senate Banking chief calls on Biden to replace FDIC chair after sexual harassment probe
Senate Banking Committee Chair Sherrod Brown (D-Ohio) called on President Biden on Monday to replace the chair of the Federal Deposit Insurance Corporation (FDIC) in the wake of reports of a toxic workplace environment at the agency. Brown is the ...The Hill - Politics - Joe Biden -
Besiktas chief says club in talks with Mourinho
Besiktas are in talks to sign coach José Mourinho and Ángel Di María according to the Turkish club's vice-president Huseyin Yucel.ESPN - Sports -
Americans still say real estate is the best long-term investment
For the twelfth consecutive year, Americans ranked real estate as the top long-term investment, according to Gallup.The Hill - Politics -
House GOP says revived border bill "dead on arrival" as Senate plans vote
House Republican leadership said a Senate effort to revive a once-failed border security measure is "dead on arrival" in the lower chamber. But the legislation may not make it out of the Senate.CBS News - Top stories -
Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
Efforts by JPMorgan's Jamie Dimon and other big-bank chief executives to resist Fed proposals that the lenders hold more capital appear to be paying off.
Efforts by JPMorgan’s Jamie Dimon and other big-bank chief executives to resist Fed proposals that the lenders hold more capital appear to be paying off.The Wall Street Journal - World -
Ryanair chief says recessionary feeling in Europe is limiting fares
Ryanair’s chief executive blamed what he called a “recessionary feel around Europe” for the airline’s inability to increase prices very much.MarketWatch - Business -
Musk launches SpaceX’s Starlink internet services in Indonesia, says more investments could come
Musk said that he was "very excited" to bring internet services to areas with limited or no connectivity.CNBC - Business -
Do dogs need sunscreen? Here’s what vets say
Dog sunscreen protects pets from sunburn, skin cancer and sun damage. What kind of sunscreen is best for dogs, according to vets? Can I put human sunscreen on my dog?NBC News - Top stories -
Junior doctors talks need time and space, says health secretary
The health secretary says renewed negotiations should take place away from deadlines and social media.BBC News - Top stories -
Harris says more Indian American representation is needed in government
Addressing a crowd of Indian Americans this week, Vice President Kamala Harris asserted the importance of voting and running. But Biden and Harris approval among the group has fallen.NBC News - Top stories -
House Democrat says cutting federal funds for Harvard 'needs to be on the table'
Rep. Jake Auchincloss (D-Mass.) on Sunday said cutting federal funds for Harvard University and other schools should be an option "on the table" over their handling of campus antisemitism. Auchincloss, who is an alum of Harvard, visited the Ivy ...The Hill - Politics -
'We need it to be faster,' says Ukraine's ambassador about arms shipments
The Ukrainian ambassador to the U.S. urged American leaders on Sunday to speed up shipments of arms and aid to the country as it struggles to defend against the Russian military. “There is no such thing as fast enough when we are up against such a ...The Hill - Politics - Ukraine -
Islamic Jihad leader killed in West Bank and 70 targets hit in Gaza, says Israel
IDF says ‘senior terrorist operative’ Islam Khamayseh was killed in strike on the city of Jenin. Israel says its jets have struck 70 targets across Gaza in the past 24 hours, while an airstrike in Jenin killed a “significant” Islamic Jihad figure ...The Guardian - World - Israel -
M&S website and app hit by technical issue
Customers were unable to shop online for around five hours but services are now working again.BBC News - Top stories -
Supplies arrive in Gaza via new pier but land routes essential, says US aid chief
Samantha Power says barely 100 trucks of aid a day enter Gaza, far less than 600 needed to address threat of famine. Humanitarian assistance has begun to arrive in Gaza along a US-made pier, but the US aid chief said the new sea corridor could ...The Guardian - World -
Reducing sewage pollution must be UK ‘public health priority’, says senior official
England chief medical officer Chris Whitty backs report calling for improvements by water companies and WhitehallFinancial Times - Business - United Kingdom -
Baby Reindeer 'a big problem' for Netflix and Gadd - Morgan
Journalist Piers Morgan says there are issues to be addressed by the programme makers.BBC News - Top stories - Netflix -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
US says cyberattacks against water supplies are rising, and utilities need to do more to stop them
The Environmental Protection Agency warns that cyberattacks against water utilities around the U.S. are becoming more frequent and more severeABC News - Tech -
S. Carolina to open title defense vs. U-M in Vegas
Defending national champion South Carolina will take on Michigan at the Hall of Fame Series Las Vegas on Nov. 4 to tip off the season.ESPN - Sports - US Open -
Nato’s failure to save Ukraine raises an existential question: what on earth is it for? | Simon Tisdall
The military alliance is turning 75. But there’s little to celebrate in Kyiv, as Putin’s forces continue their bloody advance. Nato’s grand 75th birthday celebration in Washington in July will ring hollow in Kyiv. The alliance has miserably failed ...The Guardian - World - Ukraine -
China moves to revive stricken property sector
Also in this newsletter: main UK political parties ramp up campaigning, US-built pier in Gaza opens for aid, science round-upFinancial Times - World - China -
Tracy Morgan hilariously confronts Draymond for Knicks playoff take
Comedian Tracy Morgan called out Draymond Green live on air before the Knicks' win over the Pacers on Tuesday night.Yahoo Sports - Sports -
Olga Morgan Goodwin, Cuban Revolutionary Who Then Rejected Castro, Dies at 87
Along with her American husband, she fought Batista and then turned on Castro when he embraced authoritarianism.The Wall Street Journal - World -
After Surviving Infamy, the Rangers Look Like Stanley Cup Contenders
New York could have been the fifth team in N.H.L. playoff history to blow a 3-0 series lead. Instead, it passed its biggest test.The New York Times - Sports - NHL -
Stanley Cup Playoffs Central: Bracket, schedule, game previews for the NHL's postseason
From the first round all the way through the Stanley Cup Final, ESPN has you covered. Explore the full results, and coverage on each team.ESPN - Sports - NHL -
China Consumption and Investment Slow Unexpectedly
China’s consumption and investment slowed in April, while industrial output beat expectations as Beijing doubled down on its manufacturing drive to spur growth.The Wall Street Journal - World - China -
RedBird Banks $4.7 Billion for Dealmaking
The sports, media and financial services investor collects fresh capital amid a flurry of high-profile deals.The Wall Street Journal - World -
‘Modern death is clinical, antiseptic’: the festival that wants to revive the Irish wake
Artists, singers, writers and scholars gather in County Mayo as a ‘clarion call’ to protect the rite of passage they believe is under threat. It was a scene once common in homes across Ireland: a body in an open coffin surrounded by family, ...The Guardian - World -
FDIC chief to resign
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story FDIC chief to step aside Martin Gruenberg, the embattled chair of the Federal Deposit Insurance Corporation (FDIC), agree to step ...The Hill - Politics -
Investing in Space: Boeing inches closer to Starliner launch
Boeing's Starliner spacecraft is finally at the pad and on the eve of carrying astronauts. It's a debut that is imminent, yet feels bizarrely inconsequential.CNBC - Business -
Thames Water’s biggest shareholder writes off investment
Move by Canadian pension fund is sign of escalating financial crisis at UK’s largest water supplierFinancial Times - Business -
Advisers worry as social media investment scams surge
Trusted figures often used to persuade people to put money into fraudulent schemesFinancial Times - World -
‘Real Housewives’ star Sonja Morgan is auctioning off her N.Y. townhome—no reserve
“Real Housewives of New York” star Sonja Morgan is preparing to auction off her Upper East Side townhome after trying to sell it for over 10 years.MarketWatch - Business -
2024 NHL Playoffs bracket: Stanley Cup Playoffs schedule, scores, start times for Saturday's Round 2 games
The conference finals matchups are nearly setCBS Sports - Sports - NHL