REUTERS/Rick Wilking
Good morning, readers. Markets reporter George Glover here, writing to you from London while my colleague Phil Rosen is off on a well-deserved vacation.
You've probably already clocked that the biggest story in markets right now is happening on this side of the Atlantic, with investors still mulling over UBS's $3 billion rescue of its old foe Credit Suisse.
Today, I'm unpacking the biggest winners and losers from the takeover.
Good morning. I'm Phil Rosen, writing to you just blocks away from the Federal Reserve building in Manhattan.
Yesterday on Capitol Hill, Jerome Powell reiterated his warning that the Fed's more than ready to keep jacking up rates if necessary.
Inflation hasn't gone away as easily as policymakers want, and Powell thinks that may just warrant a steeper policy path.
He did make clear, however, that nothing yet is set in stone (traders have doubled the expected odds of a half-point hike at this month's meeting).
Good morning, readers. I'm senior reporter Phil Rosen.
One of my favorite parts of this job is having conversations with folks in and around Wall Street.
People have varying views on the economy, politics, and pop culture, but as far as reading recommendations are concerned, a consistent pattern emerges.
Just about everyone advises going through Warren Buffett's annual letters to shareholders.
They date back more than 50 years, and taken together, the writing leaves you with a good grasp of Buffett's business philosophy.