Welcome back, team. Phil Rosen here, reporting from New York.
While I was enjoying NBA games and "Succession" this weekend, my colleague Theron Mohamed was rubbing shoulders and shaking hands with some of the world's top investors in Omaha for Berkshire Hathaway's annual shareholder meeting.
Before we get to the news, we've got a dispatch from Theron — our in-house Warren Buffett expert — on the legendary conference.
Welcome to the weekend. Phil Rosen here, writing to you from Manhattan.
I'm somewhat of a skeptic when it comes to digital assets, but so far this year bitcoin's been the top performing asset by a landslide — it's up more than 73%.
I caught up with a blockchain executive to get the scoop on why that rally could see more upside as the economy slows down.
Happy Cinco de Mayo! Dan DeFrancesco in NYC, and my ego has been shattered after getting a hotness rating of 4.9 from this AI. If you're feeling bold, or vain, get yourself rated here.
We made it to Friday, friends. I'm Diamond Naga Siu, and I don't drink alcohol. I know sobriety is a pretty personal conversation for a lot of people. And it used to be something I hid by pretending to take shots or by making up an excuse about medicine.
Good morning to yet another day of the bank crisis. Phil Rosen here — can you believe it's been almost two months since Silicon Valley Bank collapsed?
But here we are still talking about which banks could be next to fall.
Hiya! Dan DeFrancesco in NYC. The Fed bumped rates again — surprise, surprise — but could this finally be the end?
May the Fourth be with you, friends. I'm Diamond Naga Siu, and I'm a proud dollar coin owner. But you know what I'd love even more than a $1 coin? A $1 trillion dollar platinum coin.
Happy Friday eve, readers. Phil Rosen here. Surprising no one, the Fed raised interest rates by 25 basis points yesterday.
That puts the Fed Funds Rate above 5% for the first time since 2007. Remember, the higher that goes, the more expensive it becomes for consumers and businesses to borrow.
What do you prioritize in a job? I'm Diamond Naga Siu, and in this turbulent economy, I definitely want stability over most other things.
All eyes are on the Fed today as officials ready their decision on what could be the final rate hike of the cycle.
As of last night, traders assigned a 82% probability to a 25 basis-point increase, while they see an 18% chance of no change at all.
We'll hear from central bank chief Jerome Powell today at 2 p.m. ET, shortly after the policy announcement.
Below, we're covering everything to know for the big day.
