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☆ Columbia University postpones major fundraiser amid tensions over Israel-Hamas war
▼ + stars: | 2023-10-25 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —Columbia University has postponed its massive Giving Day fundraising event scheduled for Wednesday amid simmering tensions on campus over the Israel-Hamas war. At Columbia, school officials took the rare step earlier this month of shutting the campus down to the public as two simultaneous rallies were held on school grounds. That decision came after the assault of a Columbia student who was hanging up posters on campus in support of Israel. In a statement on Tuesday, the alumni club of Israel said it is now “formally disengaged” from UPenn. We are reviewing this incident and will take any appropriate steps with respect to the individuals involved in accordance with university policies,” the university said.

Persons: “, Samantha Slater, ”, Minouche Shafik, Shai Davidai, Shafik, it’s, ” Davidai, “ Ben Franklin, Doc Hoch, Dalia Hope Levine, Liz Magill, Dick Wolf, Jon Huntsman, Cliff Asness, Marc Rowan, Rowan, Emil Woods, Magill, “ Penn, Penn, ” Woods, Rowan . Woods Organizations: New, New York CNN — Columbia University, Columbia, University, Columbia Business School, University of Pennsylvania, Penn Alumni Club of Israel, Ivy League, Palestine, CNN, “, George Washington University Locations: New York, Israel, Columbia, Gaza, America, UPenn, New Jerusalem, Jerusalem, Palestine, Washington , DC

☆ Americans ran up $105 billion in credit card interest last year alone
▼ + stars: | 2023-10-25 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Danielle Foskie is among a growing number of Americans who have stumbled into a credit card doom loop. She turrned to credit cards to get by, eventually racking up $60,000 in credit card debt. Americans were hit with $105 billion in credit card interest last year alone, according to the CFPB’s biennial consumer credit card report. As signs of consumer stress emerge, the credit card industry continues to perform well financially. The report also warned of an “apparent lack of competition” on credit card rates.

Persons: Danielle Foskie, I’ve, ” Foskie, She’s, Renee Barrett, ” Barrett, Barrett, “, ”, Rohit Chopra Organizations: New, New York CNN, CNN, Financial, “, New York Fed Locations: New York, Cleveland , Ohio, United States, Bronx, Covid

☆ Premarket stocks: Big Tech earnings can make or break this market
▼ + stars: | 2023-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —In an unstable economic climate marked by geopolitical unrest, concerns about the Federal Reserve and soaring Treasury yields, investors are closely watching this week’s Big Tech earnings for clues about where the volatile stock market may head next. That means investors are watching their earnings particularly closely for prognostications about where the market is headed next. Big tech controls the market: Excluding Big Tech, the average earnings for S&P 500 companies would drop by 5% this quarter, according to Bloomberg Intelligence data. “Big Tech valuations pose risks for the broader markets, as Big Tech has contributed to almost all of the stock market’s year-to-date gains,” said David Bahnsen, chief investment officer of the Bahnsen Group. “This lack of market breadth suggests that investors are still highly prone to chasing momentum and getting overly excited about different market themes and stories, such as artificial intelligence.”It also suggests that there’s not a lot of room for any Big Tech earnings missteps.

Persons: —, ”, David Bahnsen, there’s, Louis Navellier, Matt Egan, ” Brian Nelson, Samantha Murphy Kelly Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Big Tech, Microsoft, Google, Nvidia, Apple, Bloomberg Intelligence, Bahnsen, Navellier, Associates, Treasury Department, Gulf Cooperation, United, United Arab Emirates, Saudi, GCC, Treasury, Hamas, United Arab, Mac, IDC Locations: New York, States, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, United Arab, Israel, US, Riyadh, United States, Sudan, Algeria, Turkey, United Arab Emirates, Treasury’s

☆ US teams with Middle Eastern nations to target 'secret' Hamas investment portfolio as Israeli forces prepare for operation in Gaza
▼ + stars: | 2023-10-24 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —The United States along with some Middle Eastern nations are stepping up efforts to target a “secret” Hamas investment portfolio government officials believe to be worth up to $1 billion. To target the Hamas investment portfolio, a US official said Tuesday the Treasury Department is working with members of the Gulf Cooperation Council: Saudi Arabia, Qatar, Kuwait, Oman, Bahrain and the United Arab Emirates. The official added that the portfolio is generating significant amounts of revenue for Hamas. Hamas' armed wing, the Izz ad-Din al-Qassam Brigades destroy an Israeli forces' tank near Gaza City, Gaza on October 07. Hani Alshaer/Anadolu Agency/Getty ImagesNelson urged the Gulf nations to share more information on the parts of the Hamas financial ecosystem “vulnerable to disruption” and called on member countries to take action.

Persons: ” Brian Nelson, Hani Alshaer, Nelson, ” Nelson, ”, Wally Adeyemo, Adeyemo, FinCEN Organizations: New, New York CNN, Treasury Department, Gulf Cooperation, United, United Arab Emirates, Saudi, GCC, Treasury, Hamas, United Arab, Anadolu Agency, Getty, ”, Network Locations: New York, United States, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, United Arab, Israel, US, Riyadh, Sudan, Algeria, Turkey, United Arab Emirates, Treasury’s, Gaza City, Gaza, Europe

☆ Ed Rendell: UPenn president Liz Magill made a 'mistake' but shouldn't be forced out
▼ + stars: | 2023-10-23 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

“I don’t think she is going to step down.”Magill did condemn antisemitism broadly before the Palestine Writes festival and noted that some speakers had a history of making antisemitic remarks. Indeed, some members of the UPenn faculty and even the UPenn Jewish community criticized Magill prior to the Sept. 22 Palestine Writes festival for being too critical of the event. Still, Magill’s handling of the Palestine Writes festival triggered a backlash from powerful donors in a campaign led by private-equity billionaire Marc Rowan. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian. Given the controversy over the Palestine Writes festival, Rendell is calling for the creation of an independent commission that would approve whether outside groups can access the UPenn campus.

Persons: Ed Rendell doesn’t, Rendell, Liz Magill, ”, Magill, ” Rendell, “, ” Magill, Marc Rowan, Dick Wolf, Jon Huntsman, David Magerman, Cliff Asness, ” Wolf, Ronald Lauder, Lauder, UPenn, Huntsman Organizations: New York CNN Business — Former, University of Pennsylvania, Ivy League, UPenn, CNN, Israel, “, Wolf Humanities Center, Daily, University Locations: Palestine, UPenn, Israel, Utah, Pennsylvania

☆ Law & Order creator Dick Wolf implores UPenn president to quit
▼ + stars: | 2023-10-20 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN Business —Dick Wolf, the creator of “Law & Order,” wrote a letter to Liz Magill pleading with her to step down as president of the University of Pennsylvania. “President Magill, I implore you and [chair of the board of trustees] Scott Bok to step down from your UPenn positions before any more unnecessary damage to UPenn,” Wolf wrote in the letter, obtained by CNN on Friday. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian. In the days before the Palestine Writes festival, Magill was not just facing pressure from Lauder, Wolf and others who wanted the event scrapped. Three dozen members of the UPenn faculty also wrote to The Daily Pennsylvanian in support of the Palestine Writes festival.

Persons: New York CNN Business — Dick Wolf, ”, Liz Magill, Wolf, UPenn’s, Magill, Scott Bok, ” Wolf, UPenn, Bok, Israel, Marc Rowan, Jon Huntsman, David Magerman, Cliff Asness, Ronald Lauder, Lauder, ” “, ” Magill, ” Bok Organizations: New York CNN Business, “, University of Pennsylvania, UPenn’s Wolf Humanities, Ivy League, CNN, Wolf Humanities Center, Daily, University, Penn, Greenhill & Co Locations: Palestine, UPenn, Israel, Irish

☆ Who is Liz Magill, the University of Pennsylvania’s embattled president?
▼ + stars: | 2023-10-20 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —When University of Pennsylvania President Liz Magill was tapped for the post just 18 months ago, she was heralded as the “clear consensus” to lead the Ivy League university. Magill did not respond to CNN’s request to the University for an interview. But on Wednesday Magill issued a statement saying, “Hateful speech has no place at Penn. I don’t think she’s antisemitic.”So far Magill has the support of the school’s board of trustees. “The unanimous sense of those gathered was that President Magill and her existing University leadership team are the right group to take the University forward,” said board Chairman Bok.

Persons: Liz Magill, Benjamin Franklin, Ruth Bader Ginsburg, Dean, She’s, she’s, Magill, Ronald Reagan, Kent Conrad, Conrad, Vahan, Mark Rowan, Scott Bok, ”, “, ” Magill, Jon Gray, Blackstone, ” Gray, Bok, – CNN’s Matt Egan Organizations: New, New York CNN —, University of Pennsylvania, Ivy League, University of Virginia, Stanford Law, University, Penn, Federal, Daily, Yale University, Democratic, CNN, Apollo Global Management, Bloomberg, Bloomberg Television Locations: New York, UPenn, UVa, Palestine, Israel, Fargo , North Dakota, Minnesota, North Dakota, Gaza, Penn

☆ Moody’s warns it could downgrade Israel’s credit rating because of war with Hamas
▼ + stars: | 2023-10-19 | by ( Matt Egan | ) edition.cnn.com time to read: 1 min

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☆ For N.K. Jemisin, Reality Inspired Horror Fiction
▼ + stars: | 2023-10-19 | by ( Elisabeth Egan | ) www.nytimes.com time to read: +1 min

“I view horror as catharsis through entertainment,” Jordan Peele writes in “Out There Screaming,” the best-selling anthology of new Black horror he edited with John Joseph Adams. Jemisin, Lesley Nneka Arimah, Tochi Onyebuchi and Tananarive Due. Initially Jemisin declined to participate, although she was pleased to be approached. “I like writing stories, but I’m very slow to write them and I don’t do well with commissions,” Jemisin said in a phone interview. But we were on this trip with some teenagers and we told them, ‘Do not go out by yourselves because this doesn’t feel like a safe place to be a bunch of young Black folks.’”

Persons: ” Jordan Peele, John Joseph Adams, “, Jemisin, Lesley Nneka Arimah, Tochi, ” Jemisin, ’ Locations: Banks

Mr. Goodell will be 68 when his current contract runs out. Mr. Goodell is the most powerful executive in American sports, and the N.F.L. Mr. Goodell will be older when his new deals ends than two predecessors were when they retired. “We’ll see what the future holds,” Mr. Goodell said about his plans after this current extension. “It’s a healthy discussion to have,” Mr. Goodell said in July.

Persons: Roger Goodell, Goodell, Art Rooney II, Goodell’s, “, ”, Daniel Snyder, Josh Harris, Jerry Jones, Jones, Brian Rolapp, Kevin Warren, Pete Rozelle, Paul Tagliabue, ” Mr, I’m, Jim Irsay, Mr, It’s, I’ve Organizations: Pittsburgh Steelers, Denver Broncos, Carolina Panthers, Washington, Dallas Cowboys, Chicago Bears ’, Minnesota Vikings, Indianapolis Colts Locations: New York, Egan, Minn, Minneapolis

☆ UPenn President called to resign following protest of the school's response to Palestinian festival
▼ + stars: | 2023-10-18 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Vahan Gureghian, former University of Pennsylvania trustee, is calling for Liz Magill, the Ivy League school's president, to step down amid deepening donor backlash. But apparently Liz is not ready for this job.”Debate over free speech, antisemitismMagill was not only facing pressure from Lauder and other opponents of the Palestine Writes festival. Three dozen members of the UPenn faculty also wrote a letter in student newspaper The Daily Pennsylvanian to support the Palestine Writes festival. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to The Daily Pennsylvanian. “The unanimous sense of those gathered was that President Magill and her existing University leadership team are the right group to take the University forward,” Bok said.

Persons: Vahan Gureghian, Liz Magill, Magill, Gureghian, “, ” Gureghian, Scott Bok, Marc Rowan, Jon Huntsman, David Magerman, Cliff Asness, “ You’re, Elizabeth Magill, Ronald Lauder’s, Lauder, ” Lauder, ”, “ Liz, Liz, UPenn, ” Magill, ” Bok Organizations: New York CNN Business — Former University of Pennsylvania, Ivy League school’s, CNN, Israel, University of Pennsylvania, Ivy League school's, CSMI Consulting, “, University, Pennsylvania, Penn, Daily, Greenhill & Co Locations: Penn, Palestine, Israel, Philadelphia, Lauder

☆ ‘Deeply ashamed.’ Another major UPenn backer halts donations and calls on other Jews to do the same
▼ + stars: | 2023-10-18 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The donor backlash has been driven by a Palestinian literary festival that was held on campus last month, before the Hamas terror attacks on Israel. UPenn leaders acknowledged well before the start of the Palestine Writes Literature Festival that the event would feature speakers with a history of making antisemitic remarks. “Jews have played an extraordinary role in the history and legacy of the University of Pennsylvania. Billionaire Ronald Lauder, another powerful financial backer of school, is threatening to do the same if more isn’t done to fight antisemitism. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian.

Persons: David Magerman, UPenn, Magerman, Liz Magill’s, ” Magmeran, Magill, Scott Bok, ” Magerman, Penn, Wharton, Marc Rowan, Jon Huntsman, Ronald Lauder, Susan Abulhawa, ”, ” Magill, “, ” UPenn, Magill’s Organizations: CNN — Venture, University of Pennsylvania, Ivy League, Renaissance Technologies, Penn, Venture, Daily, CNN Locations: Palestinian, Israel, Palestine, Penn, UPenn

☆ Posco-backed group invests in lithium technology startup EnergyX
▼ + stars: | 2023-10-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

Posco, which invests through those funds, will work with EnergyX to help its technology reach commercial production, the companies said. The companies declined to say how much of the EnergyX Series B that the consortium is funding. Reuters reported in April that the EnergyX Series B is being led by General Motors (GM.N). Allkem (AKE.AX), Livent (LTHM.N) and others produce lithium nearby. In addition to working with Posco, EnergyX is looking for Argentine brine deposits to purchase, Egan said, though he declined to be more specific.

Persons: Kim Hong, EnergyX, Jaeho Rhee, Posco's Sal, Teague Egan, Posco, Egan, China's CATL, Ernest Scheyder, Stephen Coates Organizations: REUTERS, South, Posco Holdings, EnergyX, Elohim Partners, IMM Investment, Reuters, General Motors, EnergyX's, GM, Thomson Locations: Seoul, South Korea, KS, Argentina, Oro, Argentina's Salta Province, Posco's, Posco, Chile, Bolivia, South

NASHVILLE, Tenn. (AP) — Gio Reyna scored his first two internationals goals since a family feud with coach Gregg Berhalter erupted at last year's World Cup, leading the United States to a 4-0 rout of Ghana in an exhibition on Tuesday night. The 20-year-old midfielder's first game under Berhalter since the controversy was in Saturday's 3-1 loss to Germany. A son of former U.S. captain Claudio Reyna and American midfielder Danielle Egan, Gio Reyna was limited to a pair of substitute appearances in Qatar. Reyna got his second goal from an indirect free kick 10 yards out, awarded when Opoku sat on the ball. Reyna poked the ball to Pulisic, who tapped it back, and Reyna kicked the ball into the roof of the net.

Persons: — Gio Reyna, Gregg Berhalter, Reyna, Christian Pulisic, Folarin Balogun, Claudio Reyna, Danielle Egan, Gio Reyna, Berhalter, Sergiño, Nicholas Opoku, Pulisic, Gideon Mensah, Tim Weah, Weah, Jerome Opoku, Opoku, Matt Turner, parry Mohammed Kudus, Lennard Maloney, Chris Hughton, ___ Organizations: U.S, CONCACAF Nations League, Black Stars, South, Berhalter, Mexico Locations: Tenn, United States, Ghana, U.S, Saturday's, Germany, Qatar, Africa, South Africa

☆ Billionaire Ronald Lauder threatens to pull funding if UPenn doesn’t do more to fight antisemitism
▼ + stars: | 2023-10-17 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Even before the Palestine Writes Literature Festival started, UPenn leaders acknowledged it would include speakers with a history of making antisemitic remarks. “You are forcing me to reexamine my financial support absent satisfactory measures to address antisemitism at the university,” Lauder wrote. The Palestine Writes festival has created a backlash that prominent donors, including billionaire Marc Rowan and former US Ambassador Jon Huntsman, who have vowed to cut off funding. “We know who they are and what they did.”Magill, UPenn’s president, conceded over the weekend that the response to the Palestine Writes Literature Festival was inadequate. Talk about resistance, talk about politics and power and culture and song and books and food and all of these things,” Susan Abulhawa, executive director of the Palestine Writes Literature Festival, told CNN.

Persons: Ronald Lauder, Lauder, UPenn, “, ” Lauder, Liz Magill, Marc Rowan, Jon Huntsman, Rowan, Magill, Vahan Gureghian, ”, ” Magill, Susan Abulhawa Organizations: New, New York CNN, University of Pennsylvania, CNN, Daily, Forbes, World Jewish Congress, UPenn, Lauder Institute, Wharton, Department of Arts and Sciences, The Lauder Institute, UPenn’s, Penn, “, University Locations: New York, Palestinian, Israel, Palestine, Austria, Philadelphia, American

☆ ‘Stunned and sickened.’ Wexner Foundation cuts ties with Harvard over ‘tiptoeing’ on Hamas
▼ + stars: | 2023-10-16 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —A nonprofit founded by former Victoria’s Secret billionaire Leslie Wexner and his wife Abigail is breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ terror attacks against Israel. Citing the “absence of this clear moral standard,” the Wexner Foundation said it has determined the Harvard Kennedy School is no longer a “compatible” partner for its organization. In a statement to CNN, Harvard reiterated comments by university leadership condemning both the attacks against Israel and terrorism. “We are grateful to the Wexner Foundation for its very longstanding support of student scholarships,” a Harvard spokesperson said in the statement. They feel abandoned,” the Wexner Foundation said.

Persons: Leslie Wexner, Abigail, ”, “, Larry Summers, ’, ” Summers, Obama, Clinton, Idan Ofer, Batia, Claudine Gay, ” Gay, Gay, Harvard “, Les Wexner, Wexner, Jeffrey Epstein Organizations: New, New York CNN, Harvard University, Harvard, Forbes, Wexner, Harvard Kennedy School, CNN, Wexner Foundation, University, “, North American Jewish, Kennedy School of Government, Israel Fellows, Body, Limited Brands Locations: New York, Israel, Bath

☆ UPenn in crisis over antisemitism allegations: Jon Huntsman is the latest donor to stop giving, and a board member resigns
▼ + stars: | 2023-10-16 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Former US Ambassador Jon Huntsman blasted the University of Pennsylvania’s response to antisemitism and is promising to halt his family’s donations to the prestigious university. The strong criticism from Huntsman, a 1987 graduate and former UPenn trustee, comes amid a growing backlash from donors and trustees. The Huntsman family has been such prominent supporters of UPenn that the Huntsman name is on the main Wharton School building. The controversy began last month when a multiday event took place on campus at UPenn called the Palestine Writes Literature Festival. Magill, UPenn’s president, is trying to quell the backlash and conceded the response to the Palestine Writes Literature Festival was inadequate.

Persons: Jon Huntsman, Huntsman, UPenn, Marc Rowan, Liz Magill, ” Huntsman, Magill, ”, leadership’s, “, Vahan Gureghian, ” Gureghian, ” Magill, ” Scott Bok, ” Bok Organizations: New, New York CNN, Former, University of, Wharton School, CNN, Daily, . Huntsman, Huntsman Foundation, Penn, UPenn’s, “, University Locations: New York, UPenn, Israel, Utah, China, Singapore, Russia, Penn

☆ Israeli billionaire blasts Harvard leadership and quits board in protest
▼ + stars: | 2023-10-13 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Israeli billionaire Idan Ofer and his wife Batia are quitting a Harvard executive board in protest of how university leaders have responded to Hamas’ terror attacks on Israel. Idan Ofer has amassed a fortune valued at nearly $20 billion, according to Bloomberg’s billionaire index, where the Israeli ranks No. Instead, the resignation was driven by how Harvard leaders responded to the attacks on Israel, the source said. Idan Ofer is a son of shipping billionaire Sammy Ofer, who was once Israel’s richest man and died in 2011, according to Forbes. President of Harvard University Claudine Gay Brian Snyder/ReutersHarvard did not comment on the resignation and criticism from the Ofers.

Persons: Idan Ofer, Batia, “, Israel, ”, David Rubenstein, Sammy Ofer, Harvard University Claudine Gay Brian Snyder, Claudine Gay, ” Gay, Gay, Harvard “, Bill Ackman, That’s Organizations: New, New York CNN, Harvard, CNN, Harvard’s Kennedy School of Government, Kennedy, Forbes, Israel Corp, Kenon Holdings, Harvard University, Reuters Harvard, University, “ Locations: New York, Israel, Harvard’s

☆ Names and faces of Harvard students linked to an anti-Israel statement were plastered on mobile billboards and online sites
▼ + stars: | 2023-10-12 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +5 min

New York CNN —A billboard truck drove near Harvard’s campus Wednesday displaying the names and photos of Harvard students whose organizations signed a statement blaming solely Israel for the deadly attacks by Hamas. Some students and their groups have since distanced themselves or withdrawn their endorsements from the statement amid an intense backlash inside and outside of Harvard. A conservative nonprofit said it organized the truck featuring the virtual billboards with students’ names and images under a banner that reads: “Harvard’s Leading Antisemites.” It also published names online. “We will continue to reject the PSC’s statement in the strongest terms — and demand accountability for those who signed it,” the statement added. In the wake of the mounting backlash, at least eight of the original 34 co-signing Harvard student groups had withdrawn their signature from the statement as of Wednesday afternoon, according to the Harvard Crimson student newspaper.

Persons: ”, Israel, “, Hillel, “ Harvard Hillel, Laurence Tribe, McCarthy, Bill Ackman, Larry Summers, Meredith Weenick, ” Weenick, – CNN’s Matt Egan Organizations: New, New York CNN, Harvard, Harvard Palestine Solidarity Groups, CNN, Palestine Solidarity, ” Harvard, Harvard Crimson, Harvard University, Harvard University Police Department Locations: New York, Harvard’s, Israel, Gaza

☆ Billionaire CEO demands UPenn leaders quit and donations halt over alleged failure to address antisemitism on campus
▼ + stars: | 2023-10-12 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —Wall Street CEO Marc Rowan is calling for the leaders of the University of Pennsylvania to resign and donors to close their checkbooks over an alleged failure to condemn antisemitism and hate. Words of hate and violence must be met with clear, reasoned condemnation, rooted in morality from those in positions of authority,” Rowan wrote. Rowan, whose fortune is estimated by Forbes to be nearly $6 billion, is one of the university’s wealthiest donors and supporters. But the billionaire CEO argues UPenn leaders failed to condemn the “hate-filled” Palestine Writes Literature Festival, a multi-day event that took place at the university’s campus last month. “We unequivocally – and emphatically – condemn antisemitism as antithetical to our institutional values,” the UPenn leaders wrote.

Persons: Marc Rowan, Rowan, UPenn, ” Rowan, ”, Elizabeth Magill, John Jackson , Jr, “, ‘, Scott Bok, Magill, Bok, Julie Platt, Penn, ” Platt, ” Bok, “ Mr, ’, Jackson, Jr, Steven Fluharty, Rowan’s UPenn, Bill Ackman, Israel Organizations: New, New York CNN, Wall, University of Pennsylvania, Apollo Global Management, Forbes, Wharton School, Ivy League, Penn, Hamas, University, Penn’s, Trustees, Greenhill & Co, Penn’s Board, School of Arts & Sciences, Daily, CNBC, Harvard University Locations: New York, Israel, Palestine, UPenn

New York CNN —Sheila Bair, who had a front row seat to the subprime mortgage meltdown, is worried today’s housing market is unsustainably hot. A housing bubble can form when prices rise to unsustainable levels. “I see much less speculation in the housing market today, thank goodness,” said Bair. ‘Dizzying heights’Legendary investor Jeremy Grantham shares Bair’s concern about a housing bubble. In many ways, today’s housing market is the polar opposite of the one that preceded the Great Recession.

Persons: Sheila Bair, ” Bair, Bair, ”, she’s, there’s, Jeremy Grantham, ” Grantham, Goldman Sachs, Fannie Mae, Priscilla Almodovar, it’s, ” Almodovar, Lawrence Yun, homebuyers shouldn’t, ” Yun, Yun, America doesn’t Organizations: New, New York CNN, National Association of Realtors, CNN, Federal Deposit Insurance Corp, NAR, “, UBS Locations: New York, Los Angeles, San Diego, Richmond, Cincinnati, Zurich, Tokyo, Miami, Toronto, Vancouver, London, America, “

☆ ADL leader slams corporation's response to terror attacks on Israel
▼ + stars: | 2023-10-11 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Anti-Defamation League CEO Jonathan Greenblatt slammed Corporate America’s response to the terror attacks on Israel as “disappointing at best, disastrous at worst.”“We have arguably the most vibrant commercial sector on the planet. Where were you when your Jewish employees needed you?” Greenblatt said of the CEOs. Greenblatt credited JPMorgan Chase CEO Jamie Dimon, Hewlett Packard Enterprise CEO Antonio Neri and other executives who condemned the terror attacks and pledged solidarity with the people of Israel. “In America, your Jewish employees are dealing with something that is qualitatively and quantitatively different than any time in living memory. “This is not just some far-off conflict – though that would be enough for CEOs to speak out,” Greenblatt said.

Persons: Jonathan Greenblatt, ” Greenblatt, “, George Floyd, Izzat, Greenblatt, Chase, Jamie Dimon, Antonio Neri, ” Dimon, ” Kathryn Wylde, Martin Luther King, Jr, ” Organizations: New, New York CNN, Defamation, CNN, ADL, Israeli Defense Forces, Hamas, Wednesday, Hewlett Packard Enterprise, US Chamber of Commerce, Business, “, World Trade, Partnership, Companies, Accenture, Adidas, Eagle, NASCAR, NBA, New York Locations: New York, Israel, Kfar Aza, Israeli, York, New York City, United States, France, United Kingdom

☆ CEOs call on Harvard to name students linked to statement blaming Israel for Hamas attack
▼ + stars: | 2023-10-11 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

The CEO of Pershing Square Capital Management said he wanted to ensure his company and others don’t “inadvertently hire” any students belonging to Harvard groups that signed the letter. Following a backlash to the statement, some of the student groups have since withdrawn their endorsements. Others warn that naming the students whose groups backed the statement could put the students in harms way and did not account for differences of opinion within the student groups. But Harvard President Claudine Gay issued a statement Tuesday saying “no student group – not even 30 student groups – speaks for Harvard University or its leadership.”Harvard student groups’ statementThe controversy comes in response to a joint statement released by a coalition of Harvard student groups following the attacks by Hamas that have killed more than 1,000 Israelis and at least 14 American citizens. Another Harvard student, Danielle Mikaelian, said she resigned from the board of a group that signed the statement on Israel and didn’t have a chance to read it until it was too late.

Persons: Bill Ackman, ” Ackman, don’t “, “, Jonathan Neman, Ackman, Stephen Sullivan, Claudine Gay, –, ”, ” Jake Wurzak, shouldn’t, ” Wurzak, Mohini Tangri, Tangri, Danielle Mikaelian, didn’t, ” Mikaelian, Israel “, Winston, Strawn, “ Winston, Larry Summers, Summers, Bill Clinton, ” Gay, Jonathan Greenblatt, CNN’s Kristina Sgueglia, Sabrina Shulman Organizations: New, New York CNN, Billionaire, Harvard University, Pershing, Capital Management, Harvard, Dovehill Capital Management, Forbes . Harvard University, ” Harvard, Harvard Palestine Solidarity Groups, Harvard Crimson, Harvard Undergraduate Nepali Student Association, Crimson, Harvard Law School, NYU Student Bar Association, NYU, Winston, Defamation League, ADL, Accenture, Adidas, NBA, CNBC Locations: New York, Israel, Gaza

The Tamar field, located 15 miles off Israel’s southern coast, meets 70% of Israel’s energy needs for power generation, according to the US energy company. A prolonged shutdown could lead to a drop in Israeli gas exports to its neighbors, Egypt and Jordan, as well as squeeze an already tight global gas market. For now, Chevron (CVX) continues to supply its customers in Israel and the region with gas from the larger Leviathan platform. Goldman Sachs analysts think the Tamar shutdown has “contributed” to the rally in European gas prices. However, all in all, the consequences for the global gas market would be “very limited,” he added, because Israel isn’t a major supplier.

Persons: Sally Jones, ” Jones, Chevron, “, Tamar, —, Wood Mackenzie, Goldman Sachs, Simone Tagliapietra, Marc Israel Sellem, Chevron’s Wheatstone, Tagliapietra, Israel, ”, Israel isn’t, Jordan, Israel’s, Martijn Murphy, Luo, ” Murphy Organizations: New York CNN, Chevron, Israel’s Ministry of Energy, Hamas, CNN, Rystad Energy, International Energy Agency Locations: London, New York, Israel, Egypt, Jordan, Europe, Ukraine, Baltic, Australia, Finland, Estonia, Tamar

☆ Why America’s strike wave is barely registering on Wall Street
▼ + stars: | 2023-10-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Give in, and companies will be less profitable and at a competitive disadvantage, big business has said. Streaming and entertainment companies (Disney, Amazon, Apple, Netflix, Comcast, Paramount and CNN parent company, Warner Bros. Discovery) saw 2.5% growth in new investors on Public during the writers strike, which began in May and ended in early October. Nothing to sweat for buy-and-hold investors: Even investors who buy index funds and are concerned about the effects of the strike probably can take a deep breath.

Persons: It’s, haven’t, Ford, Ginger Graham, Walgreens, ”, Matt Egan, JPMorgan Chase, Jamie Dimon, Dimon, ” Dimon, Goldman Sachs, ” Goldman Sachs, David Solomon, “ Organizations: CNN Business, Bell, New York CNN — Corporate, Cornell University’s Labor, Public, Ford, GM, Apple, Netflix, Comcast, Paramount, CNN, Warner Bros, Hollywood, Entertainment, Morningstar, General Motors, Walgreens, Pharmacy, JPMorgan, of Commerce, Israel - America Chamber of Commerce Locations: New York, Arizona , Washington , Massachusetts, Oregon, West Coast, Israel, United States

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