Hot Reads: Will the US Run Out of Cash Next Month?

Yellen: US Could Run Out of Cash by June 1 (The New York Times) 

President Biden said he would meet with lawmakers on May 9 to discuss ways to avoid a default. 

First Republic Bank Seized by Regulators (The New York Times) 

As part of the deal, 84 First Republic branches in eight states reopened Monday as JPMorgan branches. 

What the Gensler Hearing Means for US Crypto Regulation, Policy (CoinTelegraph) 

The SEC chair was under fire at the recent Financial Services Committee hearing for the agency’s perceived overreach and approach of regulation through enforcement. 

ESG Fund Downgrades in Europe Look Set to Reverse (Financial Times) 

New guidance that means fund managers can rely on their own methodology is expected to add to confusion. 

Trader ‘Exhaustion’ Drags April ETF Volume to Lowest Since 2020 (Bloomberg) 

U.S. ETF trading volume last month was half of March’s total. 

Why Active Fund Performance Deteriorates Over Time (Evidence Based Investor) 

New research suggests one reason behind this phenomenon is positive skew. 

With the Rise of ChatGBT, VC Latches on to AI (Institutional Investor) 

More than a third of venture capitalists believe AI will generate the most growth of all tech sectors, according to PitchBook. 

5 Places to Put Cash Rather Than the Bank (Kiplinger) 

Rarely do we consider our bank balance as cash that’s like an IOU our bank will do its best to honor when we want to redeem it.