Global Markets

First-quarter corporate earnings are beating estimates by 7%: "As 2022 progresses, we will begin to experience an easing in supply-chain disruptions, general inventory rebuilding across many end-use markets, and still a healthy consumer willing to spend."

Fed risks shattering pro-jobs policy by taking a hammer to prices.

While economists in a recent Bloomberg survey expected consumer sentiment to dip slightly, from 59.4 in March to 59 in April, the University of Michigan found that sentiment actually increased, to 65.7.

Even before the invasion of Ukraine focused attention on Europe's dependence on fossil fuels from Russia, regulatory changes and climate litigation were converging to make 2022 a pivotal year for climate change law in Europe.

Expressing pessimism that the U.S. can change China's behavior, Trade Representative Tai wants to prioritize increasing U.S. competitiveness in strategic industries and working with American allies to boost supply-chain resiliency.

"We're trying to read the tea leaves of what the Russian government is most concerned about when they have threatened foreign companies that have halted operations or pulled out of Russia," said Thad McBride, a partner with Bass, Berry & Sims.

Russian alternative to SWIFT may begin processing bilateral payments to and from India, providing a path for Russia to bypass the strict Western sanctions regime.

"The SEC's climate disclosure proposal is the most extensive, comprehensive and complicated disclosure initiative in decades," said Wilmer Cutler Pickering Hale and Dorr partner Meredith Cross, a former SEC official.