Will the debt ceiling debate finish the Fed's inflation fight?

View in Browser May 24, 2023 Dow 32,799.92 0.77% S&P 500 4,115.24 0.73% NASDAQ 12,484.16 0.61% Last updated May 24 at 4:59 PM ET     Will the debt ceiling debate finish the Fed's inflation fight? Over the last 14 months, the Federal Reserve has taken a deliberate and economically painful approach to combating elevated inflation rates through interest rate hikes. The regional banking crisis and a possible debt-ceiling induced default on US debt could change all of that.    Read full article   Abercrombie & Fitch soars on stellar earnings report Shares of Abercrombie & Fitch soared nearly 27% Wednesday morning after the mall retailer released a stellar first-quarter earnings report.    Read full article   Deutsche Bank and Citi admit anti-competitive activity in UK bond market Deutsche Bank and Citigroup have admitted anti-competitive activity by exchanging sensitive information on UK government bonds between 2009 and 2013, Britain's anti-trust watchdog said Wednesday, as it provisionally found five banks in breach of competition rules.    Read full article   Cathay Pacific fires cabin crew over alleged discrimination against passenger from China Cathay Pacific Airways said Tuesday it had fired three cabin crew members after a passenger complained of discrimination on a flight from mainland China, an incident that angered Hong Kong officials and underscored the pressure on the city's flag carrier to please Beijing.    Read full article   Watch: This is how much Netflix is charging to share your password Netflix is officially beginning its crackdown on users who share passwords in the United States. The streaming video company is trying to limit password sharing and gain new subscribers. CNN's Senior Data Reporter Harry Enten breaks down the numbers.    Read full article   From Social Security to your investments, here's how to prepare for a US default Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday. How can Americans prepare for a US default if the debt limit doesn't get raised?    Read full article   Today's movers MEOA 26.54 140.18% Minority Equality Opportunities Acquisition, Inc. Class A QSG 19.00 130.30% Quantasing Group Ltd. ADR LAES 21.97 102.32% SEALSQ Corp JWAC 4.58 37.77% Jupiter Wellness Acquisition Corp. Class A OCEA 4.77 29.23% Ocean Biomedical, Inc. CWBR 3.62 27.74% CohBar Inc Last updated May 24 at 4:00 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303