Middlefield Weekly Reads

Fed's Powell opens door to higher and possibly faster rate increases – Reuters

The Fed may raise rates more than previously anticipated following stronger-than-expected economic data

U.S., China Plunge Further Into a Spiral of Hostility – WSJ

Tensions are rising with each side accusing the other of misdoings

Real Estate

Bully offers and bidding wars are back in the Toronto real estate market – The Globe and Mail

Prospective buyers are coming back into the market as lower prices garner interest

Housing Market Momentum Stalls as Critical Spring Season Approaches – WSJ

Just as home buyers were beginning to get comfortable with higher borrowing costs, rising rates are once again cooling the U.S. housing market

Health Care

This Affordable Senior Housing Project Is Aimed at the Middle Class – WSJ

Non-profit developer 2Life Communities is planning to charge senior residents rents as low as $1,800

Joe Biden: My Plan to Extend Medicare for Another Generation – NYT

Biden’s new proposal is aimed at lowering drug prices and raising taxes on America’s wealthiest

Energy & Infrastructure

US electric vehicle (EV) batteries poised for new lithium iron age – FT

The US EV market is starting to embrace a battery technology that is already prevalent in China

BP insists it is not slowing green transition to cash in on high oil prices – FT

BP says it remains committed to its energy transition plan despite scaling back on climate goals

Innovation

TikTok ban: Senators to introduce legislation to shut down social app – TikTok

Senators are set to introduce a bipartisan bill to ban TikTok, which is under ever-increasing scrutiny

Intel Wants $5 Billion More From Germany for a Chip Plant – BBG

Intel is asking the German government for more subsidies to offset rising costs

Global Dividends

Nordstrom followed a familiar path to failure: too big, too fast — and not Canadian enough – CBC

Nordstrom is leaving Canada after expanding (too) quickly and failing to make a profit

Italy State Lender Counters KKR’s Telecom Italia Grid Offer – BBG

Italy’s state lender is teaming up with Macquarie to counter KKR in a bid for Telecom Italia’s landline network

View more Middlefield insights on our website: Insights | Middlefield Group

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