China calls US chip controls ‘bullying,’ violation of international law

** A former Goldman Sachs executive is optimistic about the U.S. stock market’s ability to keep rewarding investors, despite economic uncertainties. She also shares insights into the qualities she valued when hiring at the firm—hinting at what might make candidates stand out in high-finance roles.

What This Mean: ** With so much noise around inflation, interest rates, and recession fears, a seasoned Wall Street voice cutting through the chaos with confidence is reassuring. Her hiring tips are a bonus for anyone eyeing a career in finance—straight from someone who’s been in the trenches.

** Inflation in the UK took an unwelcome leap in April, hitting 3.5% as energy, water bills, road taxes, and airfares all climbed sharply. The spike—dubbed "Awful April"—has economists questioning whether the Bank of England will cut interest rates this summer. Food prices also rose, with staples like meat, bread, and sugar getting pricier, though some items like veggies and dairy saw slight dips. The chancellor called the cost-of-living pressures "disappointing" ahead of a G7 summit where economic struggles will likely be a hot topic.

What This Mean: ** This isn’t just another dry stats update—it’s a gut punch for households already stretched thin. Higher inflation means tighter budgets, delayed rate cuts (so mortgages stay costly), and more political headaches. With water bills soaring the most since the '80s and food prices creeping up, it’s a reminder that the economy’s recovery isn’t smooth sailing. The timing’s awkward too, as the chancellor heads to the G7 to explain why the UK’s still grappling with sticker shock.

** Germany’s top economic advisors just dropped a gloomy prediction: the country’s economy isn’t expected to grow at all in 2025. Instead of bouncing back, it’s likely to flatline, stuck in the same sluggish state it’s been in for a while. High energy costs, weak global demand, and structural issues are all weighing things down.

What This Mean: ** Germany is Europe’s biggest economy, so when it stalls, it’s bad news for everyone—businesses, workers, and even neighboring countries that rely on German trade. This isn’t just a blip; it’s a sign of deeper problems that policymakers haven’t fixed yet. If you’re wondering why your grocery bill or energy prices aren’t dropping, this is part of the story.

Julius Baer, the Swiss private bank, is taking a financial hit with a new loan loss charge as its fresh leadership team tries to clean house. They’re combing through credit portfolios to distance themselves from a past scandal that forced a massive writedown and ousted the former CEO. It’s part of a broader effort to reset the bank’s direction—but not without some short-term pain.

What This Mean: Scandals and leadership shakeups leave scars, especially in finance. Julius Baer’s new bosses are making tough calls now to avoid bigger headaches later, but investors and clients will be watching closely to see if the turnaround sticks. For a bank built on trust, this kind of cleanup isn’t just about numbers—it’s about reputation.

** Ithaca Energy had a solid first quarter, with both production and operational efficiency on the rise. The company is hitting its stride, managing to pump out more while keeping things running smoothly—a good sign for investors and the energy sector.

What This Mean: ** For a market that’s been volatile lately, Ithaca’s strong performance is a reassuring signal. It suggests that some energy firms are navigating challenges well, which could mean steadier returns for shareholders and more confidence in the industry’s near-term outlook. If they keep this up, it might even hint at broader resilience in the sector.