Michael Goodman

• Banking

  UBS Has Left its Credit Suisse Burden Behind

  

  Integration costs related to Credit Suisse were just over $1 billion, well below the $3.75 billion in the two previous quarters combined.

  1 min read
• Inflation & Prices

  Renters Are Losing Hope They’ll Ever Own a House

  

  A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.

  2 min read
• Inflation & Prices

  Cocoa Prices Are On a Wild Ride

  

  Cocoa prices plunged almost 30% in the past week after a rally that pushed prices nearly 80% higher to start the year.

  1 min read
• Banking

  Chinese Regulators See Regional Banks Headed for SVB-Style Chaos

  

  Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.

  2 min read
• Consumer

  Gucci’s China Problem Is Testing Investors’ Patience

  

  The company says a turnaround will take time as the market for luxury goods cools and China muddles through economic doldrums.

  1 min read
• Autos

  GM Drives to a Big Q1 Profit

  

  GM said it grew market share across several pickup and SUV models, despite pricing incentives that were “well below” the industry average.

  1 min read
• Real Estate

  Paris Residents Still Waiting on Huge Demand for Olympics Rentals

  

  Residents have watched their dreams for a huge windfall dwindle as a glut of listings has come on the market, driving rental prices lower.

  1 min read
• Industrials

  Bay Area Airports Battle Over What Gets to Be Called ‘San Francisco’

  

  Oakland’s move to change its airport name to include the San Francisco Bay has irritated its bigger-city neighbors.

  2 min read