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For the Markets, It’s Not Just the Debt Ceiling

May 26, 2023 / no comments

A host of issues face the markets, beyond the prospect of a possible default on U.S. debt. Hedge your bets and ride it out, our columnist says.

AI Stocks Are Flying, but Don’t Call the Craze a Bubble

May 26, 2023 / no comments

Nvidia and other tech stocks have added billions of dollars in market value as the technology has boomed

Consumer Spending Rose More Than Expected in April

May 26, 2023 / no comments

New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.

Lazard Names Peter Orszag to Succeed Ken Jacobs as C.E.O.

May 26, 2023 / no comments

Mr. Orszag will oversee a financial institution with a long history of advising on corporate deals at a time when its mainstay business faces huge challenges.

Investors See Hope for a Debt Limit Deal

May 26, 2023 / no comments

Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting.

Spending, Inflation Figures Come as Fed Debates Pause

May 26, 2023 / no comments

Economists estimate that Americans increased consumer spending last month and that price increases remained elevated.

Lazard Names Peter Orszag as Next CEO

May 26, 2023 / no comments

The former Obama administration official is set to succeed Ken Jacobs, who will become executive chairman.

Luxury Brands Don’t Just Sell to the Superrich

May 26, 2023 / no comments

European luxury stocks slipped this week because spending by aspirational shoppers is weakening in the U.S.

Kansas City Fed Presidential Search, Facing Setbacks, Enters Second Year

May 26, 2023 / no comments

At least one candidate who had been viewed as a strong contender for the job withdrew from consideration, according to people familiar with matter.

Potential Debt-Ceiling Deal Starts to Take Shape as Deadline Looms

May 26, 2023 / no comments

Negotiators consider more money for military and cuts to IRS funding, though nothing has been finalized.

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