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☆ European close markets higher on busy week for central bank action
▼ + stars: | 2024-04-08 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The regional Stoxx 600 closed up 0.5%, with mining stocks up 2% and media stocks down 0.2%. The benchmark index dropped 1.2% last week, its worst performance since January after a run of consistent gains. European stocks closed higher Monday at the start of a busy a week of key data releases and central bank decisions. U.S. stocks also had a shaky week, though a stronger-than-expected jobs report released Friday boosted sentiment around the economy and earnings. The European Central Bank meets Thursday for its latest monetary policy decision.

Persons: Neel Kashkari Organizations: Federal, Minneapolis, European Central Bank

☆ Biden’s manufacturing industry is expanding, but that could be bad for inflation
▼ + stars: | 2024-04-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

But a resurgence in the industry could complicate the Federal Reserve’s ongoing inflation fight, either delaying the first interest rate cut or resulting in fewer cuts this year, some economists say. Interest rates have been at a two-decade high since July, after the Fed raised rates aggressively over the prior year and a half. The economy picking up further strength would spook Wall Street because of what it means for interest rates — and some manufacturers say they’re optimistic about the future. The Bank of Canada announces its latest interest rate decision. China’s National Bureau of Statistics releases March inflation data.

Persons: Joe Biden, ”, Tom Barkin, “, Mary Daly, ” Daly, Jerome Powell, Neel Kashkari, ” Kashkari, ” Richard de Chazal, Blair, they’re “, Amazon’s, It’s, Ramishah Maruf, Amazon, haven’t, Read Organizations: Washington CNN, Institute for Supply Management, Congress, Fed, ” Richmond Fed, ” San Francisco Fed, Minneapolis, Dow, Blair Equity Research, Amazon, Fresh, Delta Air Lines, US Labor Department, Index, Bank of Canada, Federal Reserve, National Bureau of Statistics, Constellation Brands, European Central Bank, JPMorgan Chase, Citigroup, State, National Statistics, The University of Michigan Locations: Richmond , Virginia, ” San, Las Vegas, India, Wells Fargo, Progressive, BlackRock

☆ A growing chorus of experts don't think a rate cut is coming in 2024
▼ + stars: | 2024-04-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Investors are starting to take seriously the idea that the Fed might not cut interest rates in 2024. At this point, investors are viewing economic strength as ultimately good news for the stock market, if that means a recession is delayed. AdvertisementFrom seven, to three, to now potentially zero, projected interest rate cuts in 2024 are quickly going out of style on Wall Street. So a delay in interest rate cuts, on paper, would suggest lower stock prices. And better-than-expected first quarter profits have helped put a floor on a stock market that is trading near record highs, even as talks of interest rate cuts fade.

Persons: Neel Kashkari, Kashkari, Michelle Bowman, Bowman, Ed Yardeni, Yardeni, Mohamed El, Torsten Slok, Slok, Ken Fisher Organizations: Federal Reserve, Atlanta Fed, Minneapolis Fed, Fed, Bank of America

☆ Fed Governor Bowman says additional rate hike could be needed if inflation stays high
▼ + stars: | 2024-04-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Noting a number of potential upside risks to inflation, Bowman said policymakers need to be careful not to ease policy too quickly. "Reducing our policy rate too soon or too quickly could result in a rebound in inflation, requiring further future policy rate increases to return inflation to 2 percent over the longer run." The speech, to the Shadow Open Market Committee, comes with markets on edge about the near-term future of Fed policy. Weighing inflation risks, she said that supply-side improvements that helped bring numbers down this year may not have the same impact going forward. Fed officials will get their next look at inflation data Wednesday, when the Labor Department releases the March consumer price index report.

Persons: Michelle Bowman, Bowman, Jerome Powell, Raphael Bostic, Neel Kashkari Organizations: Federal, of Governors, Market, Committee, Atlanta Fed, CNBC, Minneapolis Fed, Fed, Labor Department Locations: New York

☆ U.S. Treasury yields tick higher ahead of key jobs report
▼ + stars: | 2024-04-05 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was also marginally higher at 4.648%. The 10-year Treasury yield was trading up less than one basis point at 4.318% at 4:02 a.m. The jobs figures will play into market expectations of when the Federal Reserve could start to cut interest rates. At its last meeting, the central bank indicated that it still expects three rate cuts by the end of this year. However, Minneapolis Fed President Neel Kashkari on Thursday became the latest high-profile figure to question whether there will be any rate cuts if inflation remains high.

Persons: Dow Jones, Neel Kashkari Organizations: Federal Reserve, Minneapolis, Investments, Traders

☆ Dollar steady ahead of jobs data; yen hits two-week high
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +3 min

The yen, while still close to the 152 range, hit a two-week high against the greenback as safe-haven bids and fresh warnings from Japanese authorities buoyed the currency. The dollar has had a turbulent week, falling from a five-month high to a two-week low after an unexpected slowdown in U.S. services growth supported expectations of bringing interest rates down. The dollar index , which measures the greenback against a basket of major currencies, was last largely unchanged at 104.18. Japanese Finance Minister Shunichi Suzuki on Friday reiterated the government's resolve to take appropriate action against sharp yen falls. The yen strengthened 0.29% versus the greenback to a two-week high of 150.92.

Persons: payrolls, Neel Kashkari, Jerome Powell, Charu Chanana, Joe Biden, Matt Simpson, Shunichi Suzuki, Kazuo Ueda, bitcoin Organizations: U.S, The U.S, greenback, Minneapolis Federal, Saxo, Biden, Finance, Bank of Japan, Asahi Locations: The, Minneapolis, Gaza, Iran

☆ Behind this week's selloff and what could cause it to turn into a full-blown correction
▼ + stars: | 2024-04-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Despite Thursday's declines, the S & P 500 is only 2% from last week's record highs. The surprise isn't that the S & P 500 dropped Thursday. .SPX 6M mountain S & P 500, 6 months First-quarter earnings estimates for the S & P 500 have slipped to an expected gain of 5.1%, down from an anticipated increase of 7.2% on Jan. 1, according to LSEG. Since earnings are what ultimately moves stocks, the question is not "What would cause a modest 2% to 5% decline?" To do that, market participants would need to believe that earnings estimates were off significantly.

Persons: Daniel Kahneman, Joe Biden, Benjamin Netanyahu, Israel, Neel Kashkari, it's, John Butters, Charles Schwab Organizations: Economic Sciences, Israel's, Federal Reserve Bank of, FactSet Locations: Gaza, Iran, Federal Reserve Bank of Minneapolis

☆ Asia markets largely set to fall on fears the Fed could hold off interest rate cuts; oil soars
▼ + stars: | 2024-04-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were largely set to fall on Friday, mirroring moves on Wall Street after comments from U.S. Federal Reserve officials fueled worries that the central bank could hold off on rate cuts. Minneapolis Fed President Neel Kashkari cast doubts on Thursday over the central bank cutting rates at all if inflation remained sticky. Oil prices continued to rise, with WTI crude surpassing $86 a barrel to test six-month highs. Brent crude prices also set a new six-month high of $90.65. S&P will also release its business activity numbers for Hong Kong, while the Reserve Bank of India will announce its rate decision later in the day.

Persons: Neel Kashkari Organizations: U.S . Federal Reserve, Minneapolis, Brent, Reuters, Reserve Bank of India Locations: Tokyo, Japan, Asia, Pacific, U.S, Hong Kong

☆ Fed's Kashkari raises prospect of zero rate cuts — but Goldman says that would be 'very surprising'
▼ + stars: | 2024-04-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Goldman Sachs Chief Economist Jan Hatzius on Friday said he still expects the Federal Reserve to implement three interest rate cuts, adding that he would be "very surprised" if the U.S. central bank ultimately decided no trims at all were necessary. His comments come shortly after Minneapolis Fed President Neel Kashkari became the latest high-profile official to float the possibility of zero rate cuts before the year's end, if inflation remained sticky. "If we continue to see inflation moving sideways, then that would make me question whether we need to do those rate cuts at all," Kashkari said on Thursday during an interview with Pensions & Investments. Separately, Fed Chair Jerome Powell said earlier in the week that it would take a while for policymakers to evaluate the current state of inflation, leaving the timing of potential interest rate cuts uncertain. Speaking to CNBC's Steve Sedgwick on the sidelines of the Ambrosetti Forum on Friday, Goldman Sachs' Hatzius said he was bullish on the outlook for the U.S. economy.

Persons: Goldman, Jan Hatzius, Neel Kashkari, Kashkari, Jerome Powell, Steve Sedgwick, Goldman Sachs, Hatzius, I'm, we've Organizations: Reserve, Minneapolis, Pensions, Investments Locations: U.S

☆ 10-year Treasury yield slightly higher as investors await Fed speeches, economic data
▼ + stars: | 2024-04-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

The 2-year Treasury note yield traded marginally higher at 4.685%. The 10-year Treasury yield was slightly higher on Thursday as investors closely monitored speeches from a host of Federal Reserve officials and awaited the release of key economic data. It comes as market participants continue to keep track of comments from Fed officials and await the release of the U.S. jobs report on Friday. A flurry of Fed speeches are also scheduled to take place. Philadelphia Fed President Patrick Harker, Richmond Fed President Tom Barkin and Minneapolis Fed President Neel Kashkari are just some of the officials poised to deliver comments on the outlook for the U.S. economy.

Persons: Jerome Powell, Powell, Patrick Harker, Tom Barkin, Neel Kashkari, —, Jeff Cox Organizations: Federal Reserve, Stanford University, Traders, Philadelphia Fed, Richmond Fed, Minneapolis Fed Locations: U.S, Richmond

Traders work on the trading floor at the New York Stock Exchange on April 5, 2024. Stocks rebounded Friday following the Dow Jones Industrial Average 's worst session in more than a year as traders cheered a stronger-than-expected jobs report and looked past a jump in rates. The 30-stock Dow climbed 307.06 points, or 0.8%, to settle at 38,904.04. The Dow slid 2.27%, posting its worst weekly performance in 2024. The Dow tumbled about 530 points, or 1.35%, on Thursday, marking its biggest daily drop since March 2023 and its fourth consecutive losing session.

Persons: Stocks, Dow, Nonfarm payrolls, Dow Jones, Jamie Cox, Neel Kashkari Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Treasury, Labor, Federal Reserve, Harris Financial, Minneapolis Federal Locations: Minneapolis

☆ Researchers discovered a 137-year-old shipwreck in the depths of Lake Michigan using sonar imagining
▼ + stars: | 2024-04-02 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Researchers used sonar to locate a long-lost shipwreck in Lake Michigan. The 135-foot ship sank in 1886 after colliding with another boat. Last year, the group announced the discoveries of a 190-foot cargo vessel that sank in Lake Huron amid blustery winds in 1894 and a 140-foot schooner that sank in Lake Michigan in 1881. The Hickox "plowed into the side of the Milwaukee," according to the shipwreck association, nearly capsizing the ship. Nearly two hours after the crash, the Milwaukee sank beneath the waters.

Persons: —, Neel Zoss, Waters Organizations: Service, Maritime, Michigan Shipwreck Research Association, Milwaukee, Northern Transportation Company, Ohio Locations: Lake Michigan, Milwaukee, Michigan, Lake Huron, Great, Chicago, Muskegon

☆ Markets are eyeing a June rate cut. Here's what Fed officials have said on policy, jobs, and inflation that point to the next steps.
▼ + stars: | 2024-03-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Fed officials have said rate cuts are coming soon, but inflation must still cool further. Markets are placing the greatest odds on a rate cut in June, fed fund futures show. AdvertisementFederal Reserve officials have said interest rate cuts are coming this year, but there's not an exact date in their outlook just yet. Those expectations were little changed after Tuesday's inflation report, which showed CPI came in hotter than expected in February. Reducing our policy rate too soon could result in requiring further future policy rate increases to return inflation to 2 percent in the longer run."

Persons: —, there's, CME's, Jerome Powell, " Neel Kashkari, Michelle Bowman, Patrick Harker, Raphael Bostic, John Williams, Christopher Waller Organizations: Service, Federal, Bank of America, Capital, Capital Economics, Labor

☆ Earnings will be the big focus for equities this year, says TIAA's Neel Mukherjee
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings will be the big focus for equities this year, says TIAA's Neel MukherjeeNeel Mukherjee, TIAA Wealth Management CIO, joins 'Money Movers' to discuss if the current equity performance disregarding rates can continue, which basket of stocks Muhkerjee will look to first outside of megacap tech, and much more.

Persons: TIAA's Neel Mukherjee Neel Mukherjee Organizations: TIAA Wealth Management Locations: megacap

☆ Higher-for-longer interest rates favor large companies over their smaller rivals in many ways
▼ + stars: | 2024-02-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

High interest rates squeeze companies of all sizes, but that’s especially the case for smaller firms, unlike large companies better equipped to weather the storm. Before the Bell: How do the effects of higher-for-longer interest rates on companies vary by size? I think it might be a stretch to say that M&A activity picks up because of higher interest rates, so instead, it’s that if good businesses are beginning to suffer because of higher interest rates, then they might be more likely to be a target. Gas prices always rise as winter winds down because demand increases and gas stations must switch over to more expensive summer fuel. No matter the cause, rising gas prices are bad news for consumers already frustrated by the cost of living.

Persons: It’s, Bell, Lauren Goodwin, Matt Egan, ”, Patrick De Haan, doesn’t, ” Read, Raphael Bostic, Michelle Bowman, Philip Jefferson, Patrick Harker, Lisa Cook, Neel Kashkari, Christopher Waller Organizations: CNN Business, Bell, DC CNN, Federal Reserve, New York Life Investments, AAA, ’, HSBC, Walmart, Home Depot, Barclays, Caesars Entertainment, Nvidia, Rivian, Fidelity, Marriott, Intuit, Pacific Gas & Electric, Global, Chicago Fed, US Labor Department, National Association of Realtors, Warner Bros ., Icahn Enterprises Locations: Washington, Wingstop, United States

☆ K2 Space, a startup with SpaceX veterans building monster satellites, raises $50 million
▼ + stars: | 2024-02-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Los Angeles-based startup K2 Space raised $50 million in new funding as the company works to build monster satellites to match the massive rockets that are coming to market. The company's latest fundraiser was led by tech investor Brad Gerstner's Altimeter Capital and joined by Alpine Space Ventures, adding to the $8.5 million in seed funding it raised from investors including First Round Capital and Republic Capital. K2 declined to specify its valuation after the most recent round. "This round is effectively built for the demand that we're seeing for launching constellations of the Mega class satellites," Karan Kunjur told CNBC. K2's Mega class satellite bus — the physical structure of a spacecraft that provides power, movement and more — is sized to fit in "heavy" and "super heavy" rockets.

Persons: Karan Kunjur, Neel Kunjur, Brad, Glenn Organizations: K2, Alpine Space Ventures, First, Capital, Republic Capital, CNBC Locations: Los Angeles

☆ The dollar is back. It’s not all good news
▼ + stars: | 2024-02-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The greenback is strengthening again after a bumpy 2023, as Wall Street accepts that interest rate cuts are coming later than previously expected. The US Dollar Index, which tracks the dollar against the British pound, euro, Swiss franc, Japanese yen, Canadian dollar and Swedish krona, is up 2.8% for the year as of Friday morning. “All of a sudden the interest rate differential kicks in — if that is slower than the Fed or faster,” said Krosby. Higher interest rates tend to garner more international capital to flow into a country, raising demand for the currency and thus its value. Still, Todd Jones, chief investment officer at Gratus Capital, says he expects the dollar to trend lower eventually as the Fed gets closer to cutting rates.

Persons: Jerome Powell, Christine Lagarde, Quincy Krosby, ”, Neel Kashkari, Todd Jones, Jones, Anna Cooban, Richard Meade, Janet Yellen, Alicia Wallace, Yellen, ” Yellen Organizations: CNN Business, Bell, New York CNN, Swiss, Canadian, Federal Reserve, European Central Bank, LPL, Treasury, Minneapolis, Gratus, Fed, Hamas, Lloyds, CNN, Banking Committee Locations: New York, Swedish, Iran, Suez, Asia, Europe

☆ Treasury yields hold steady as investors weigh economic data, Fed rate outlook
▼ + stars: | 2024-02-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was flat at 4.1715% and the yield on the 2-year Treasury was steady at 4.4651%. U.S. Treasury yields were little changed on Friday as investors weighed fresh economic data and considered the path ahead for interest rate cuts by the Federal Reserve. Investors looked to the latest economic releases for hints about the state of the economy and the potential path ahead for interest rates. It comes amid rife speculation over the timeline of interest rate cuts, with Fed officials appearing cautious and dashing investor hopes of a reduction as early as March. No key economic data is due Friday, however investors are looking ahead to major data releases slated for next week including January's consumer price index.

Persons: Neel Kashkari Organizations: Treasury, U.S, Federal Reserve, Dow, Fed, Minneapolis

☆ Treasury yields hold steady as investors weigh comments from Fed officials
▼ + stars: | 2024-02-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was up by just over one basis point to 4.1095%. The 2-year Treasury yield was last down by less than one basis point at 4.4185%. U.S. Treasury yields were little changed on Thursday as investors considered remarks from Federal Reserve officials about the path ahead for interest rate cuts. On Wednesday, Minneapolis Federal Reserve President Neel Kashkari told CNBC's "Squawk Box" that he believes two or three rate cuts would take place in 2024. The comments echoed those made by Fed Chairman Jerome Powell last week and stoked concerns among investors that fewer rate cuts than they have been expecting could be implemented.

Persons: Neel Kashkari, CNBC's, Jerome Powell, Adriana Kugler, Powell Organizations: U.S, Treasury, Federal Reserve, Minneapolis Federal, Fed

☆ New York Community Bank stock drops even after lender says deposits increased
▼ + stars: | 2024-02-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The bank announced earlier on Wednesday that it had appointed DiNello, formerly the president of Flagstar Bank, to the position effective immediately. The bank holds total deposits of approximately $83 billion, the lender said in a statement Tuesday evening. US banks hold about $2.7 trillion in commercial real estate loans. But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. The increase was driven partly by expected losses on commercial real estate loans, it said.

Persons: ” Alessandro DiNello, DiNello, NYCB, ”, weren’t, Fitch, Thomas Cangemi, ” DiNello, Goldman Sachs, Moody’s, Neel Kashkari, ” Kashkari, he’s, Janet Yellen, “, Yellen, “ I’m, ” Yellen Organizations: New, New York CNN —, New York Community Bancorp, Moody’s Investors Service, Flagstar Bank, Bank, Moody’s, JPMorgan, Signature Bank, Silicon Valley, Regulators, Federal, Community Bancorp, CNBC, Financial Locations: New York, Flagstar, New, Minneapolis

☆ Minneapolis Fed Pres. Neel Kashkari: 2 to 3 rate cuts seem appropriate right now based on the data
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMinneapolis Fed Pres. Neel Kashkari: 2 to 3 rate cuts seem appropriate right now based on the dataMinneapolis Fed President Neel Kashkari joins 'Squawk Box' to discuss the state of the economy, the strong labor market, impact on the Fed's inflation fight, rate path outlook, commercial real estate sector, and more.

Persons: Neel Kashkari Organizations: Minneapolis

☆ Fed's Neel Kashkari expects only two or three interest rate cuts this year
▼ + stars: | 2024-02-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, speaks during an interview with Reuters in New York City, New York, May 22, 2023. Minneapolis Federal Reserve President Neel Kashkari said Wednesday that he expects the central bank to cut rates only a few times this year, contrary to market expectations. "We just need to look at the actual inflation data to guide us," Kashkari said. He added that there are "compelling arguments to suggest we could be in a longer, higher rate environment going forward." Kashkari said the trend indicates that interest rates may not be exerting as much pressure on the economy as expected.

Persons: Neel Kashkari, Jerome Powell, Kashkari Organizations: Federal Reserve Bank of Minneapolis, Reuters, Minneapolis Federal, CNBC, CBS, Market, Minneapolis Fed, Labor Locations: New York City , New York, Minneapolis

☆ Fed's Kashkari backs sentiment that policymakers can take their time cutting interest rates
▼ + stars: | 2024-02-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, during an interview in New York on Nov. 7, 2023. Interest rates running at their highest levels in about 23 years are not hurting the economy and could buy policymakers more time before deciding whether to cut, Minneapolis Federal Reserve President Neel Kashkari said Monday. In an essay released on the central bank's website, Kashkari said economic developments have shown that Fed policy is not as restrictive on growth as it appears on the surface. That means the longer-run "neutral" rate, or the level that is neither restrictive nor stimulative, is probably higher than before the Covid-19 pandemic. Markets have been betting on an aggressive move lower, but recent statements from central bank officials indicate little need to hurry.

Persons: Neel Kashkari, Kashkari Organizations: Federal Reserve Bank of Minneapolis, Minneapolis Federal Locations: New York

☆ NYU Langone Fired Him for His Anti-Hamas Posts. He’s Suing.
▼ + stars: | 2023-11-24 | by ( Joseph Goldstein | More About Joseph Goldstein | ) www.nytimes.com time to read: +8 min

A prominent doctor is suing NYU Langone Health after he was fired as director of its cancer center over his social media postings about the Israel-Hamas war. Dr. Neel is one of two doctors whom NYU Langone has removed for online postings since the war began last month. The lawsuit could put NYU Langone under the microscope in the widening debate. “They should take away their scholarships,” Dr. Grossman wrote in a message to Dr. Neel in October. In a statement, NYU Langone said Dr. Neel’s decision to share those emails was just him “lashing out for being held accountable.”“The emails referenced in the suit were among colleagues and Dr. Neel is now making them public in an effort to pressure NYU Langone,” the statement said.

Persons: NYU Langone —, Benjamin Neel, NYU Langone, Neel, Zaki Masoud, Masoud, Dr, “ Dr, Perlmutter, Milton Williams, ”, “, Ben Neel, ” Dr, Joseph Pace, Pace, Robert Grossman, Grossman —, —, Grossman, Neel’s, Williams, “ Grossman, Ben Organizations: NYU Langone Health, NYU Langone, NYU, Journalists, Palestine, Johns Hopkins Hospital, Lenox Hill Hospital, NYU Langone’s, Court, Perlmutter Cancer, Social Media Policy, Social Media, New, “, Harvard, Stanford, University of Pennsylvania Locations: Israel, New York, Gaza, Lenox, Mineola, Long, Manhattan, Connecticut

☆ An NYU cancer doc fired over Israel-Hamas war posts accuses the medical center of using him as a 'sacrificial lamb'
▼ + stars: | 2023-11-17 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

An NYU Langone Health cancer doctor has filed a lawsuit against the medical center. Benjamin Neel alleges that he was wrongly fired over posts he made related to the Israel-Hamas war. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA renowned Jewish cancer biologist who was recently fired from NYU Langone Health has filed a lawsuit against the medical center, alleging that it used him as a "sacrificial lamb" by axing him over posts he made on social media related to the Israel-Hamas war. "Nonetheless, Dr. Ben Neel, as a leader at our institution, disregarded these standards in a series of public social media posts and later locked his Twitter/X account," Ritea said.

Persons: Benjamin Neel, Neel, —, axing, Steve Ritea, NYU Langone, Ritea, Dr, Ben Neel, Greta Thunberg, Milton Williams, besmirched, Williams Organizations: NYU, Health, Service, NYU Langone Health, Perlmutter Cancer, New, Court, New York University, NYU Langone, Israel Locations: Israel, New York City, New York, Palestine, Brooklyn , New York City

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