Prologue Journal – Page 32542 – Understanding current events through the lenses of the past and future.

Bank Stocks Are Now Meme Stocks

Wall Street Journal Shares of banks such as PacWest used to be too boring for active traders. That was before March. https://www.wsj.com/articles/bank-stocks-are-now-meme-stocks-8f32f831

Dates of Putin’s visit to China yet to be agreed — spokesman

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. Chinese President Xi Jinping earlier invited Russian President to visit China https://tass.com/politics/1622071

Dollar slides to 80.13 rubles, euro declines to 86.61 rubles on Moscow exchange

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. The yuan exchange rate fell by 0.4 kopecks to 11.331 rubles https://tass.com/economy/1622083

Chief Justice Says Supreme Court Is Working to Address Ethics Questions

New York Times In remarks at an awards ceremony, Chief Justice John G. Roberts Jr. also addressed heckling at law schools and security for members of the court. https://www.nytimes.com/2023/05/24/us/chief-justice-roberts-supreme-court-ethics.html

Estonia speaks in support of Taiwan’s inclusion at WHA for 1st time

Geneva, May 23 (CNA) Estonia for the first time on Tuesday called for Taiwan’s inclusion in the World Health Organization (WHO) during the third day of the World Health Assembly (WHA) in Geneva. https://focustaiwan.tw/politics/202305240006

Wagner Chief’s Feud With Russian Military Cracks Putin’s Image of Control

Wall Street Journal Prigozhin’s public criticism of Moscow’s generals and defense minister reveals strains in the mighty leadership structure the Russian president built. https://www.wsj.com/articles/wagner-chiefs-feud-with-russian-military-cracks-putins-image-of-control-488ac37

Bank Stocks Are Now Meme Stocks

Wall Street Journal Shares of banks such as PacWest used to be too boring for active traders. That was before March. https://www.wsj.com/articles/pacwest-bank-stocks-meme-stocks-6c042482

The Luxury Shopping Oasis Emerging in San Francisco’s Struggling Downtown

Wall Street Journal Foot traffic is down 27% in the historic shopping district amid concerns about crime and homelessness. But tourists are visiting high-end stores. https://www.wsj.com/articles/the-luxury-shopping-oasis-emerging-in-san-franciscos-struggling-downtown-35ad89e

Janet Yellen, Former Google Chief Eric Schmidt Speak at WSJ’s CEO Council Summit

Wall Street Journal AI, economic uncertainty, China’s reopening and the war in Ukraine are on the agenda for day two of the WSJ’s CEO Council Summit. https://www.wsj.com/articles/janet-yellen-former-google-chief-eric-schmidt-speak-at-wsjs-ceo-council-summit-9babe30b

Share Buybacks Continue at Torrid Pace While Investors Sit on Sidelines

Wall Street Journal U.S. companies have announced $600 billion of share repurchases so far this year. https://www.wsj.com/articles/share-buybacks-continue-at-torrid-pace-while-investors-sit-on-sidelines-4c1b4e59