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Germany and Austria earlier on Monday said they were suspending bilateral development aid to Palestinians, while others such as Italy had said suspending aid was not up for discussion. It is unclear whether the suspensions in development aid will also apply to such assistance. Varhelyi said all new budget proposals for Palestinian aid were also postponed until further notice. The Israeli flag has been hoisted above the chancellor's office and the Foreign Ministry after the shock Hamas assault. Asked if Italy would follow Germany and Austria in suspending development aid, the foreign ministry spokesperson said this was not under discussion.

Persons: Amir Cohen, Oliver Varhelyi, Varhelyi, Mahmoud Abbas, Fatah, Alexander Schallenberg, Svenja Schulze, Rishi Sunak, Andrew Gray, Francois Murphy, Sarah Marsh, Markus Wacket, Angela Amante, Kate Holton, Mark Heinrich, Alison Williams, Nick Macfie Organizations: REUTERS, BRUSSELS, European, United Nations, Union, EU, EU Commission, West Bank, Palestinian Authority, Austrian, European Union, Foreign Ministry, Social Democrats, Greens, Thomson Locations: Gaza, Ashkelon, Israel, Germany, Austria, Italy, BERLIN, Europe, West, Berlin, Palestinian, Berlin's, Brandenburg, United Nations, Britain, Brussels, Vienna, Rome, London

Queries about what the move entailed and how extensive its impact on Palestinian aid would be weren't immediately answered. According to the bloc, it has provided humanitarian aid to help meet Palestinians’ basic needs since 2000 through the European Commission’s humanitarian aid department (ECHO) and the U.N. Office for the Coordination of Humanitarian Affairs (OCHA). Since 2000, ECHO has provided 700 million euros of humanitarian aid to Palestinians in the Gaza Strip and the West Bank. The EU’s most populous member, Germany, and its neighbor Austria, also said they were suspending development aid for the Palestinian areas. Germany isn't suspending the humanitarian aid it provides separately via international nongovernmental organizations and the U.N., the Foreign Ministry said.

Persons: “, ”, Oliver Varhelyi, Israel, Varhelyi, weren't, ” Varhelyi, Svenja Schulze, Schulze, Israel “, Germany isn't, Christian Wagner, Alexander Schallenberg, ___ Samuel Petrequin, Geir Moulson Organizations: European Union, EU, European Commission, Palestine Liberation Organization, Humanitarian Affairs, West Bank, Ministry, Palestinian Authority, UNRWA, Development, Foreign Ministry Locations: BRUSSELS, Israel, Germany, Austria, Oslo, Muscat , Oman, Gaza, Berlin, Austrian, Brussels

☆ ChatGPT boss Sam Altman says he's had an 'internet troll streak'
▼ + stars: | 2023-10-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

OpenAI boss Sam Altman discussed his social media habits on a recent episode of Joe Rogan's podcast. Altman confessed to sometimes having an "internet troll streak," but says he tries to limit it. Altman said he has "more of an internet troll streak than I would like to admit" on a recent episode of Joe Rogan's podcast. They just may talk about it less, he surmised, noting that he's also deleted "a bunch" of social media apps on his phone. And some studies have suggested social media can exacerbate political divides.

Persons: Sam Altman, Joe Rogan's, Altman, —, Rogan, he's, — Altman, OpenAI Organizations: Service

CNN —The UK, France, and Germany have all pledged to step up security measures amid fears of attacks against members of the Jewish community after videos emerged of people apparently celebrating deadly attacks launched by Hamas militants. The surprise attacks saw gunmen cross the border from Gaza into Israel under the cover of rocket fire, seizing hostages and leaving more than 600 people dead. Israel is still fighting the militants and has been pounding targets in Gaza in response. Social media footage shows people waving Palestinian flags in the streets of Berlin and London following the violence. “We remain on duty tonight with increased forces to protect Jewish and Israeli institutions and prevent anti-Israel crimes in the city area.

Persons: Fabian Sommer, Suella Braverman, ” Braverman, Chancellor Olaf Scholz, “, Élisabeth Borne, Borne Organizations: CNN, Hamas, London’s Metropolitan Police, Twitter, ” Police, Getty, Community Security Trust, BFMTV Locations: France, Germany, Gaza, Israel, Berlin, London, Ryckestrasse, Britain, ”, French

☆ A 35-year-old real estate investor who bought more than 200 properties using none of his own money shares 5 adjustments investors can make to keep thriving amid the highest mortgage rates in decades
▼ + stars: | 2023-10-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

In the past, he recommended investors aim for a positive cash flow of $300 to $500 a month. The new normal could be a monthly cash flow of $100 to $200. Depending on a local bank's risk tolerance, growth strategy, and strength of their books, they can offer competitive rates, Primm said. A few units reserved for mid-terms that are furnished are renting for $2,250 a month: that's a 125% increase in cash flow, he noted. "But if there's enough people and there's enough concentration, there's going to be a fire, there's going to be a tornado, there's going to be something happening all the time."

Persons: it's, Sam Primm, who's, there's, Primm, Lucas Walls, Lucas, arbitrageurs Organizations: Primm, Faster Locations: refinance, St, Louis , Missouri, Primm

Deal negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement, Reuters reported on Thursday. These transactions were eventually allowed to be completed, and the regulator has not sued to thwart an oil and gas production deal since 2000. The lawyers and experts interviewed said the FTC would face an uphill struggle in challenging Exxon's attempted acquisition of Pioneer. "The modern U.S. experience is that oil and gas deals of any notable size get a close look. It sued to block the merger and only agreed to drop its objections after BP offered to divest oil production acreage in Alaska.

Persons: Joe Biden, Janet Yellen, Leah Millis, producer's, Lina Khan, Andre Barlow, Doyle, Barlow, Mazard PLLC, Sheldon Whitehouse, William Kovacic, George Washington, consultancies Wood MacKenzie, David Kass, Diane Bartz, David French, Mike Stone, Greg Roumeliotis, Marguerita Choy Organizations: Treasury, White, REUTERS, Exxon Mobil, Natural Resources, Exxon, Pioneer, Reuters, Federal Trade Commission, Democratic, George, Companies, Activision, FTC, Atlantic, BP, RBC Capital Markets, Chevron, PDC Energy, University of Maryland, Thomson Locations: Washington , U.S, U.S, Atlantic Richfield, Alaska, West Texas, New Mexico, Rystad, Denver, Julesburg, Washington ,, Atlanta

☆ Insuring your home in Colorado can cost $40,000 as the climate crisis wreaks havoc on the market, one insurance CEO said
▼ + stars: | 2023-10-05 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Oscar Seikaly, CEO at NSI Insurance Group, which is based in Florida but underwrites policies nationally, about skyrocketing insurance premiums and how unpredictable disasters around the country raise prices for everyone. Over the past 10 years, insurance premiums have changed dramatically. AdvertisementAdvertisementTake the average house in Aspen: You have $5 million for the house, $3 million for the contents, another $2 million for loss of rents. All these insurance companies have to buy from reinsurance companies and there's only three or four main ones in the world. When you buy a $5 million house or a $10 million house, paying $30,000 or $20,000 a year is not going to make a difference.

Persons: Oscar Seikaly, Seikaly, —, that's Organizations: Service, NSI Insurance Locations: Aspen, Florida, California, Colorado, Northern California

☆ 2030 men’s FIFA World Cup to be hosted in six countries across three continents to mark 100-year anniversary of first edition
▼ + stars: | 2023-10-04 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —The 2030 men’s World Cup will be hosted by six countries in three different continents to celebrate the 100-year anniversary of the first edition of the tournament, soccer’s world governing body FIFA announced on Wednesday. Spain, Portugal and Morocco will co-host the tournament, while Uruguay, Paraguay and Argentina will all stage an opening match each to mark 100 years since the first World Cup was staged. “In a divided world, FIFA and football are uniting,” said FIFA President Gianni Infantino. “The FIFA Council, representing the entire world of football, unanimously agreed to celebrate the centenary of the FIFA World Cup, whose first edition was played in Uruguay in 1930, in the most appropriate way.”“The FIFA Council also agreed unanimously that the only bid to host the FIFA World Cup 2030 will be the joint bid of Morocco, Portugal and Spain,” added Infantino. The 2030 edition of the World Cup will see Morocco host the global tournament for the first time, also becoming the first North African side to host official games.

Persons: ”, Gianni Infantino, “, ” “, Europe – Organizations: CNN, FIFA, Uruguay, FIFA Council, South America Locations: Spain, Portugal, Morocco, Uruguay, Paraguay, Argentina, “, Africa, Europe, South, Montevideo

☆ Abercrombie & Fitch says it is 'appalled' by allegations against former CEO Mike Jeffries
▼ + stars: | 2023-10-04 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

New York CNN —Abercrombie & Fitch says it has launched its own investigation into allegations originally published by the BBC that the company’s former CEO, Mike Jeffries, exploited men for sex. “We are appalled and disgusted by the behavior described in the allegations against Mr. Jeffries, whose employment with Abercrombie & Fitch Co. ended in 2014, nearly ten years ago. At least some of the parties are alleged to have occurred while Jeffries was the CEO of Abercrombie & Fitch. Jeffries’ attorney, Brian Bieber, provided a response to CNN to the BBC report, saying that “Michael is 79 years old and retired. In years past, he has chosen not to comment on media reports, documentaries, and stories of any kind as they relate to his personal life - and does not plan on doing so now.”Mike Jeffries, former Abercrombie & Fitch CEO, photographed in November 2005.

Persons: Fitch, Mike Jeffries, Jeffries, “, Matthew Smith ., Jeffries ’, Brian Bieber, Michael, ” Mike Jeffries, Michael Loccisano, ”, – Organizations: New, New York CNN, Abercrombie, BBC, Abercrombie & Fitch Co, CNN, Abercrombie & Fitch, Fitch, Brothers Laundry Service, The New York Times, & $ Locations: New York, Black

☆ At Rosemead High, generations of students were harassed or groomed for sex as they tried to get an education
▼ + stars: | 2023-10-03 | by ( Matt Drange | ) www.businessinsider.com time to read: +87 min

Students were regularly subjected to sexual harassment by Hall, two former students told me. “I feel like so many of us were victims to the culture,” one former Rosemead student told Insider. Manipulation by a trusted adult has been passed like a virus to generations of Rosemead students. AdvertisementThe Shops at Santa Anita in Arcadia have long been a local haunt for Rosemead High students. We wondered aloud whether Masiello had harassed our mother the same way he'd done to generations of Rosemead students.

Persons: Clara didn't, She'd, Alex Rai, Eric Burgess, Burgess, Rai, Clara, they'd, Rai texted, she'd, who'd, Mark Abramson, Rai didn't, Leonard Levine, — I'm, Alex Rai wasn't, wouldn't, Rosemead, RubyAnna Sare, Sare, Harlan Mayne, Mayne, Dwain Crum, he'd, colluded, Crum, Robin Torres, Torres, Edward Zuniga, Zuniga, Paul Arevalo, Kristy, Jim Hall, Hall, groped, Angela, Diane Bladen, Bladen, Michael Sullivan, Sullivan, Denton Todd, Todd, Barbara, Arevalo, Barbara said, Matt Drange, Andrew Dalton, Dalton, ” Mark Abramson, I've, Will, Suzy, Carly Sanchez, Sanchez, aren't, —, David Pitts —, Pitts, Cindy, Scriabin, David Pitts, couldn't, That's, G, You'd, It's, Wing Chan, Chan, Louis Vuitton, Justin Rosien, Rosien, Rosien texted, cringed, Jim Hall's, Don Masiello, Paul Arevalo's, Sergio Caveyo, Caveyo, Brian Day, Alex, messaged, Brian Aliff, Aliff, Nichole, I'd, scoot, Michelle, Michelle's, Michelle didn't, Sarah, Brian Bristol, didn't, Nichole's, Weeks, Herbert Ortiz, Jaime, Ortiz, Richard Daniels, Daniels, Fidel Dominguez, Rosemead High's, Larry Callaham, Masiello, Jan Herzog, Herzog, Justin Fregoso, James Eder, Fregoso, me Eder, Eder, they've, Anne Bazile, Bazile, Unbeknownst, Arevalo —, Jonathan Howard, Credentialing, Howard, Elaine Rose, Rose, El Monte Union High School District Arevalo, he's, José Gallegos, Gallegos, Billie, Jo Grant, Grant, Michael Cohen, Cohen, Santa Claus, Oz, California's, haven't, Lupe Nieves, Nieves, reenacted, faxed, Harold Greenberg, Dan Morris, Morris, Alex Valdez, J, Valdez, alums, Heidi, Guillermo, she's, Clara wasn't, Mark Matthews, Matthews, Rai groped, Janine Salanitro, Zuniga hasn't, Felipe Salazar, Salazar, Andrew Dalton's, Matt Drange’s Organizations: Business, Rosemead High School, Rosemead High, Rosemead, El Monte Union High School District, Sheriff's Department, TA, El Monte Union High School, X's, Ford, Business Insider, Casa del Rey, Nissan, Nike, Bristol, Arroyo High School, High School, Los, Los Angeles County Sheriff's Department, Perris High School, of Education, Angeles County Sheriff's Department, California, California Department of Education, Monte Union High School, Valdez, Gabrielino, Rai, Los Angeles County Sheriff's, Temple City Locations: Southern California, Rosemead, San Gabriel Valley, San Gabriel, Los Angeles, Huntington Beach, Pasadena, Bladen, California, Arevalo, Utah, Santa, Arcadia, Beverly Hills, Burgess, Bristol, Arroyo, Perris, California's, Angeles, Cindy's, Los Angeles County, Temple

☆ India proposes barring perfume on pilots and flight attendants
▼ + stars: | 2023-10-02 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

CNN —It would be difficult to find an airline that didn’t consider a pilot flying while drunk a fireable offense. But a newly proposed regulation in India could also take action against pilots who use perfume. India’s Office of the Director General of Civil Aviation (DGCA), which oversees the country’s aviation industry, recently proposed an update to its bylaws regarding alcohol consumption. There is already reference to things other than alcoholic drinks that could cause a positive breath test, namely mouthwash, in the guidelines. It reads: “No crew member shall consume any drug/formulation or use any substance such as mouthwash/tooth gel/perfume or any such product which has alcoholic content.

Persons: “, Katsutoshi, Gabriel Lyle Schroeder Organizations: CNN, Civil Aviation, Japan Airlines, Delta Locations: India, mouthwash

☆ A Chipotle manager repeatedly asked a teenage worker to remove her hijab and partially pulled it off when she refused to show him her hair, federal prosecutors say
▼ + stars: | 2023-10-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A Kansas Chipotle manager repeatedly asked a Muslim teenage worker to remove her hijab, the EEOC saidThis culminated in the manager "forcibly" pulling it off her head to see her hair, the EEOC said. AdvertisementAdvertisementA Chipotle manager in Kansas repeatedly asked a Muslim worker to remove her hijab and "forcibly" pulled it off her head when she refused to show him her hair, the Equal Employment Opportunity Commission says. The assistant manager "continually" asked the worker, then 19, to remove her hijab and show him her hair despite her asking him to leave her alone, the EEOC wrote. The harassment reached a peak when the assistant manager tried to forcibly remove the worker's hijab, according to the EEOC. In August 2021, when staff were closing down the restaurant, the assistant manager "reached out, grabbed her hijab, and yanked," the EEOC said.

Persons: —, Chipotle didn't, Chipotle Organizations: Chipotle, Service, Commission, Kansas City Star Locations: Kansas, Lenexa

WASHINGTON (AP) — Americans view college campuses as far friendlier to liberals than to conservatives when it comes to free speech, with adults across the political spectrum seeing less tolerance for those on the right, according to a new poll. More recently, a conservative Princeton University professor was drowned out while discussing free speech at Washington College, a small school in Maryland. Overall, Republicans see a clear double standard on college campuses. “The reality is that there’s free speech for everyone on college campuses,” said Fleisher, a linguistics professor at the University of Wisconsin, Milwaukee. But as the nation has become more politically divided, so have college campuses, said Kristen Shahverdian, senior manager for education at PEN.

Persons: you’re, ”, Rhonda Baker, Donald Trump, ’, Chris Gauvin, “, Gauvin, Nicholas Fleisher, Fleisher, Kristen Shahverdian, Morgan Ashford, Linda Woodward, Mike Darlington, Ilya Shapiro, Shapiro, Gene VanZandt, ___, ___ Gecker Organizations: WASHINGTON, University of Chicago, The Associated Press, NORC, for Public Affairs Research, Republicans, Republican, Stanford University, Princeton University, Washington College, Overall, Yale University, Congress, GOP, American Association of University, University of Wisconsin, PEN America, PEN, Democrat, Troy University, Stanford, Foundation, Rights, University of, Manhattan Institute, Darlington, Associated Press, Carnegie Corporation of New, AP Locations: Goldsboro , North Carolina, Maryland, Manchester, Conn, Milwaukee, Alabama, Ashford, “, Hot Springs, , Arkansas, Darlington, Chesterfield County , Virginia, Hampton , Virginia, San Francisco, Carnegie Corporation of New York

The case concerns a former senior IT manager who raised concerns about how a data loss had been handled. A hearing for Barclays' appeal to the Bombay High Court is listed for Oct. 20, court records show. They declined to comment on the specifics of the Indian case. Gupta has also appealed to the Bombay High Court, court records show, arguing the pay-out awarded was too low, the source familiar with the appeals said. Last year, Gupta also filed a secondary civil case against Barclays, another court filing shows.

Persons: Atul Gupta, Jes Staley, Francesca West, Gupta, Arpan Chaturvedi, Sinead Cruise, Alexander Smith Organizations: Barclays, Reuters, Financial, Authority, FCA, Global Service Centre Private Limited, Bombay High Court, Thomson Locations: Indian, Pune, Bombay

A federal agency has sued the restaurant chain Chipotle, accusing it of religious harassment and retaliation after a manager at a Kansas location forcibly removed an employee's hijab, a headscarf worn by some Muslim women. After several weeks, the harassment culminated in him grabbing and partially removing her hijab, according to the complaint. Chipotle's chief corporate affairs officer, Laurie Schalow, said the company encourages employees to report concerns, including through an anonymous hotline. One night during closing in August 2021, the manager allegedly reached out and pulled her hijab partially off her head. The lawsuit claims that Chipotle violated federal civil rights law protecting employees and job applicants from discrimination based on religion, race, ethnicity, sex and national origin.

Persons: Laurie Schalow, ”, Chipotle Organizations: Commission Locations: Kansas, Lenexa , Kansas

☆ Stocks enter October in a 2-month correction as traders question the economy's resilience
▼ + stars: | 2023-09-30 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX YTD mountain S & P 500 in 2023 The median stock in the index, though, is nearly 16% off its 52-week high and is flat year to date. The S & P also went nine straight sessions through Wednesday recording a lower low than the day before, something that had only happened a dozen times over the prior century, says SentimenTrader.com. But the raw numbers say the S & P 500 has dropped from 19.7-times the next 12 months' projection to 17.9-times in two months. The equal-weight S & P 500 is at 14.3-times forward earnings; it bottomed last October just under 13. The S & P 500's annualized total returns for the last three, five and ten years are all between 10-12%, slightly above the long-term average.

Persons: Bonds, Friday's, Johnson, handicapping, shutdowns Organizations: Federal Reserve, Treasury, Deutsche Bank, Target, American Express, Investment, CNN Locations: lockstep

☆ Department of Labor opens investigation into Perdue, Tyson
▼ + stars: | 2023-09-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

Earlier this year, the federal government committed to ratcheting up efforts to root out child labor law violations. “There are currently [Wage and Hour Division] investigations open at Perdue and Tyson Foods,” a Department of Labor spokesperson told CNN. “We are conducting a comprehensive third-party audit of child labor prevention and protection procedures including a compliance audit of contractors,” she said. Government agencies have joined together this year to fight child labor law violations, which often impact migrant children. In February, the Departments of Labor and Health and Human Services jointly announced the creation of a task force designed to fight child labor exploitation.

Persons: Perdue, Tyson, “, Perdue “, Andrea Staub, ” Staub, Josh Hawley, Donnie King, ” Marty Walsh, Walsh, ”, Maruf, Nicole Goodkind Organizations: New, New York CNN, Department of Labor, Tyson Foods, New York Times, Perdue, ”, CNN, Times Magazine, Times, of Labor, Health, Human Services, Packers Sanitation Services, Cargill, Packers Sanitation Locations: New York, Perdue, Virginia, Tyson, Missouri

☆ SenseTime's former IP rights employee under investigation
▼ + stars: | 2023-09-28 | by ( Josh Ye | ) www.reuters.com time to read: +1 min

Hong Kong, Sept 28 (Reuters) - Chinese tech company SenseTime (0020.HK) said on Thursday a former employee of its intellectual property division is now under police investigation. Without elaborating on details, a SenseTime spokesperson told Reuters via messaging app WeChat, "a former employee of [the] intellectual property division is currently under investigation by the Public Security Bureau due to suspected commercial related case." The state-backed Shanghai Securities News said the suspect is a former executive director of intellectual property rights. The report added that the suspect is now subject to "mandatory measures" due to economic problems but it did not specify which economic problems are under investigation. Reporting by Josh Ye in Hong Kong, Ella Cao in Beijing and Meg Shen in Hong Kong.

Persons: SenseTime, Josh Ye, Ella Cao, Meg Shen, Jane Merriman, Ros Russell Organizations: HK, Public Security, Shanghai Securities News, Thomson Locations: Hong Kong, Beijing

☆ Opinion | If Hurricane Rebuilding Is Only Affordable for the Wealthy, This Is the Florida You Get
▼ + stars: | 2023-09-27 | by ( Sarah Stodola | ) www.nytimes.com time to read: +3 min

Just down the island’s main road, the Red Coconut R.V. For most homes in Fort Myers Beach, this means that rebuilding what was there before Ian isn’t an option. For a hotel development like Margaritaville, the building codes helped it weather Ian with damage from which it could recover. That means existing property owners like those of the Silver Sands, Red Coconut and countless private homes end up cutting their losses and selling. They’re also banking on the infinite desirability of the beachfront, as are the state authorities responsible for the building codes that allow redevelopment after hurricanes and floods.

Persons: Hurricane Andrew, Ian isn’t Organizations: Seagate Development Group Locations: Southwest Florida, Fort Myers, Sands, Florida, Banks, North Carolina, New York City

☆ X owner Elon Musk largely runs the social media giant from his iPhone, employees say
▼ + stars: | 2023-09-27 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Elon Musk leads the social media giant X from his iPhone, employees told the Financial Times. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The old timers advised X staffers that Musk didn't have the tolerance for people who said things just to sound smart. In November 2022, just weeks after Musk's takeover, it was reported that Musk's external advisors were referred to be some Twitter staff as "Elon's goons."

Persons: Elon Musk, doesn't, Musk, —, — Tesla Organizations: Financial Times, Service, Twitter, SpaceX, The Boring Company, Tesla, Boring Company

☆ I moved states 5 days before we got the return-to-office order at Amazon, so I quit. I had no idea we'd be forced back into the office.
▼ + stars: | 2023-09-25 | by ( Ashley Couto | ) www.businessinsider.com time to read: +6 min

She relocated to Raleigh, NC, five days before Amazon announced its return-to-office order. Carter couldn't afford to move again, so she quit her job at Amazon. When I was hired, Amazon office employees were working remotely. In March, less than a week after I moved, Amazon issued its RTO order. Employees had to be working in the office for a minimum of three days a week from May 1.

Persons: Sophia Carter, Carter couldn't, Sophie Carter, Sophia Carter I've, I've, RTO, Raleigh Organizations: Amazon, Service, Raleigh, Employees Locations: Chicago, Raleigh , NC, Wall, Silicon, Raleigh , North Carolina, Amazon

Limp joins Blue Origin at a key phase of the company's multiple space projects. Earlier this year Blue Origin won a $3.4 billion NASA contract to build a lunar lander for the agency's astronauts. However, Blue Origin has since hired aggressively. Read Bezos' message to Blue Origin employees on Monday:I'm excited to share that Dave Limp will join Blue starting December 4th as CEO, replacing Bob, who has elected to step aside on January 2. JeffRead Smith's message to Blue Origin employees:Team Blue, It's been about six years since I joined Blue Origin.

Persons: Limp, Shepard, Smith, Panos Panay, Bezos, Alexa, Limp's, Andy Jassy, Jeff Bezos, Blue, Bob Smith, Origin's, Glenn, –, Read, Dave Limp, Bob, I'd, we've, We've, I've, Dave, Jeff Read, It's, Jeff, I'm, Ferociter, Dave Limp's Organizations: Amazon, Alexa, CNBC, NASA, Blue Origin, Bloomberg, Microsoft, Billionaire, Blue Origin's, Origin, Honeywell, Shepard, Pentagon, U.S . Space Force, Elon, SpaceX, Blue, Amazon Devices, Services, Apple Locations: Van Horn , Texas, U.S, Alabama, Florida, California , Arizona, Colorado, Kent

☆ 'We've reached a new level of narcissism': Long-time bear David Rosenberg explains why a recession is still coming — and names 7 investments that can save investors from the pain
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Rosenberg continued: "But it's a false debate because the choice isn't between a soft landing and a recession. Consumers are the lifeblood of the US economy, and if they're forced to cut back on spending, Rosenberg thinks growth would quickly turn negative. Investors nervous about the economy should target stocks in four defensive parts of the market, Rosenberg said: consumer staples, healthcare, telecommunications, and utilities. "As growth is scarce, you want to own what's scarce, so you want to own growth stocks," Rosenberg said. "I'm probably much more bullish on growth than I am on value because value is very cyclical, and growth stocks tend to be valued on a longer-term earnings profile."

Persons: David Rosenberg, Rosenberg, we've, Rosenberg isn't, hasn't, nonfarm payrolls, that's, Uncle Sam, " Rosenberg, they're, couldn't, he's, he'd Organizations: Federal Reserve, Rosenberg Research, Technology, Fed Locations: YOLO

☆ Stocks waver, short-end U.S. yields rise after hawkish Fed statement
▼ + stars: | 2023-09-20 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

"They're talking about higher rates for longer, but it's really the economy that matters. MSCI's U.S.-centric gauge of stocks across the globe (.MIWD00000PUS) fell 0.25% as stocks on Wall Street mostly slid. "Right now the message is we're going to leave rates higher for longer to make sure we slay the inflation dragon. Sterling came under pressure after data showed Britain's high inflation rate fell unexpectedly in August, prompting speculation that the Bank of England could pause its historic run of interest rate hikes as soon as Thursday. The dollar index rose 0.076%, with the euro down 0.02% to $1.0675.

Persons: Brendan McDermid, Jerome Powell, Powell, Gennadiy Goldberg, it's, Anthony Saglimbene, Sterling, Brent, Herbert Lash, Dhara Ranasinghe, Samuel Indyk, Tom Westbrook, Toby Chopra, Chizu Nomiyama, Sharon Singleton, Aurora Ellis Organizations: New York Stock Exchange, REUTERS, Global, Federal Reserve, Market, Fed, TD Securities, Dow Jones, Nasdaq, Japan's Nikkei, Bank of England, Bank of, U.S, West Texas, Thomson Locations: New York City, U.S, New York, MSCI's U.S, Troy , Michigan, Europe, Asia, Pacific, Japan, Sweden, Switzerland, Norway, Britain, London, Singapore

Yet in Europe, sterling came under pressure after data showed Britain's high inflation rate fell unexpectedly in August, prompting speculation that the Bank of England could pause its historic run of interest rate hikes as soon as Thursday. Two-year Treasury yields were down 3.5 basis points in London trade at 5.07%, having risen sharply on Tuesday, when five- and 10-year Treasury yields reached 16-year highs. World stock markets were edging higher ahead of the Fed rate decision. UK gilt yields fell sharply as investors slashed bets for a rate hike on Thursday, with two-year yields last down over 14 bps at 4.85% . "Combined with their recent dovish commentary, we now expect the MPC to keep Bank Rate unchanged tomorrow and lower our forecast for the terminal policy rate to 5.25%," Stehn and co. added.

Persons: DAX, Kai Pfaffenbach, Jerome Powell, Lee Hardman, Sterling underperformed, Goldman Sachs, Sven Jari Stehn, Stehn, Masato Kanda, Eugene Low, Dhara Ranasinghe, Samuel Indyk, Tom Westbrook, Toby Chopra, Chizu Organizations: REUTERS, Sterling, U.S, Treasury, Federal Reserve, Bank of England, Brent, Federal, Fed, Japan's Nikkei, MPC, Monetary, Bank of, New Zealand, Thomson Locations: Frankfurt, Germany, Europe, Saudi Arabia, Russia, U.S, London, Sweden, Switzerland, Norway, Britain, Japan, Asia, Pacific, Hong Kong, China, Singapore

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