Strategy Meets Finance Financial and Economic News: May 5, 2023
Important Financial and Economic News
Check out what's happening in the economy and world of finance by watching this week's edition of FinWeekly. These insights are exclusive to the free Boosting Your Financial IQ app and can be found under the "Learn" section.
Here are a few highlights (Watch the full report on the app):
- The U.S. government will run out of cash in June
- Nearly half of America’s 4,800 banks are insolvent
- The Fed raised interest rates by 25bp on Wednesday
- Investors have lost $54B from the banking crisis
- Payroll costs increased by 6.7% in April
- Meta raises $8.5B from bonds
- Apple earnings
- Next steps
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