The Dow is on track for its eighth consecutive week in the red – something not seen for 90 years – while the S&P 500 is close to bear market territory. The PBOC is to cut borrowing costs to help the Chinese housing market as Beijing wrestles with the fallout of its zero-Covid policy. The U.S. Senate approves $40bn in aid for Ukraine while G7 finance ministers meeting in Bonn, Germany, commit to almost $20bn in budgetary support for the nation. Credit Suisse CEO Thomas Gottstein receives the backing of the bank after major shareholder Artisan Partners calls for his replacement.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.