Weekly Review, May 29, 2023

Read up on your latest economic and financial news right here.

• An interesting look into how banks can increase the FDIC insurance through reciprocal deposits for their depositors.

• The US and China are likely to remain at odds but the severity of that is what really matters both for markets and the world.

• If you want to make people angry, collude on baby formula. If this turns out to be true expect real repurcussions.

• Expect to see more of this as consumption habits change to reflect higher prices. We have seen a lot of this within our own families and with clients

• The tipping backlash has begun. Expect to see more articles like this and more general frustration. Tipping remains an important source of income for many, but that is assuming the businesses are sharing it all and not splitting it. I am sure we have all seen the new "surcharges" being applied to bills at restaurants before the tip is even applied.