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mike wilson morgan stanley bloomberg tv
Markets are hooked on the "heroin" of potential Federal Reserve interest rate cuts, according to Morgan Stanley's chief US equity strategist Mike Wilson.
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Happy hump day, readers. I'm senior reporter Phil Rosen. 

If the collapse of FTX has been the headline story over the last several months, it certainly feels like ChatGPT has taken the mantle for the near future. 

Tech Insider : Economy, Politics
A hand knocking over a line of dominos leading to a house of cards
The tough stock market will push some companies to paper over their weak performance by resorting to fraud.

Sam Bankman-Fried was just the start

Get ready for what will feel like an inescapable wave of corporate fraud.

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Fed Powell
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting, Wednesday, Nov. 2, 2022, in Washington. (AP Photo/Patrick Semansky)
Tech Insider : Economy, Politics
Jerome Powell and Janet Yellen
U.S. Federal Reserve Board Chairman Jerome Powell listens as U.S. Treasury Secretary Janet Yellen speaks during a meeting with the Treasury Department's Financial Stability Oversight Council at the U.S. Treasury Department on October 03, 2022 in Washington, DC.
Tech Insider : Economy, Politics
Jerome Powell in front of two landscapes
The US economy could still avoid a recession, unless Federal Reserve Chairman Jerome Powell's concerns about his legacy put it on the wrong path.