Largest U.S. Pension Sells Apple, Intel, NIO, and Li Auto Stock
The California Public Employees' Retirement System, known as Calpers, cut positions in Apple and Intel stock, and sold shares of Chinese electric-vehicle makers NIO and Li Auto.
Australia to Crack Down on Buy Now, Pay Later Providers
Buy now, pay later providers in Australia will face new regulations, including needing to hold a credit license, as part of the government's moves to clamp down on the sector.
America's Biggest Bank Is Everywhere-and It Isn't Done Growing
The deposit crisis that toppled First Republic and two other banks has only made JPMorgan stronger.
Gorman's Tenure at Morgan Stanley a Tough Act to Follow
Morgan Stanley has outperformed under James Gorman, and its shares are now priced at a premium.
Jerome Powell Keeps June Interest-Rate Pause in Play
Fed chair says banking strains could mean rates don't have to rise as much to tame inflation
Morgan Stanley's James Gorman to Step Down as CEO
He transformed the Wall Street bank into a leading wealth-management institution after the firm barely survived the 2008 financial crisis due to its risk taking.
Fed's Michelle Bowman Warns Against Broad Overhaul of Banking Rules
The Fed governor says policy makers should avoid using recent bank failures "as a pretext to push for other, unrelated changes to banking regulation."
Bank of Canada's Fight Against Inflation Isn't Over
Some economists now expect Canada's central bank to further tighten the screws on monetary policy to ensure it has a handle on inflation.
How Your Personality Can Affect Your Portfolio
Neuroticism and openness, in particular, are closely linked to investors' willingness to buy stocks.
Japanese Stocks Have Hit a 33-Year High. Warren Buffett Helped.
The hot new stock play is a country with a shrinking population, a tumbling currency and an economy still smaller than it was four years ago.
(END) Dow Jones Newswires
05-22-23 0015ET
