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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 02, 2023
Page
12
The Commerce Department revises Q1 growth to 2.0 percent from 1.3 percent as consumer spending rose 4.2 percent. While growth slowed from late 2021 highs, the economy showed resilience amid higher interest rates and Fed rate hikes.
Federal Reserve Chair Jerome Powell suggested the Fed may tighten oversight of the U.S. financial system following the spring collapse of three large banks. He noted post crisis rules heightened resilience but said new proposals will address vulnerabilities revealed by Silicon Valley Bank, Signature Bank, and First Republic Bank.
Microsoft chief executive Satya Nadella defended the 69 billion takeover in a San Francisco federal court arguing the merger will expand Activision game reach across platforms. He stressed embracing console PC and mobile games and said Sony PlayStation access would not be blocked. The FTC contends the deal could curb competition. Nadella testified amid regulators seeking to block the acquisition.
Industry rankings indicate a money market fund provided by iMoneyNet Inc. The report highlights product features and the provider’s role in offering cash management options to institutional investors. The piece references fund metrics and potential suitability for portfolios seeking liquidity.
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