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☆ Stocks are oversold, but need rates to stabilize before luring back buyers
▼ + stars: | 2023-09-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Stocks are up modestly in early trading Wednesday, but the usual signals of volume spikes and higher volatility are still not present. Yet here we are, with the 10-year at 4.55% yesterday and looking like it wants to get to 5.0% fast. Total equity volume yesterday was 10.4 billion shares, well below the September 2022 average of 11.4 billion, and 3% below the average level even for August, a vacation month. Modest volumes, relatively low volatility with prices down notably means there is no selling panic, but there is a buyer's strike in stocks. They need to see rates come down before they have confidence to buy stocks again."

Persons: Chris Verrone, Morgan, Jamie Dimon didn't, Verrone, You'd, Mike O'Rourke, Neel Kashkari, Here's, I've, Alec Young Organizations: UAW, Jones Trading Locations: China, Minneapolis

☆ Mark Cuban shares the 'most important' advice he's given his own daughter: 'You don’t have to know what you’re going to be'
▼ + stars: | 2023-09-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Mark Cuban says the "most important" advice he gives his children is simple: It's OK not to know exactly what you want to do with your lives. "Everybody goes through that process of trying to figure out who they are," Cuban, 65, said, adding that he told his daughter: "You don't have to know what you're going to be. And you're changing, and you're evolving." "What you've got to be able to do is be agile and excited about learning — to be curious," Cuban said. If you're curious, and you're agile, you'll get there eventually.

Persons: Mark Cuban, Alexis, she's, Cuban, everything's, you'll, I'd, Tiffany Organizations: Dallas Mavericks, Vanderbilt University, CNBC Locations: Cuban

☆ Stocks stall, yields climb on "higher for longer" rate worries
▼ + stars: | 2023-09-22 | by ( Huw Jones | ) www.reuters.com time to read: +5 min

U.S. stock futures , , were slightly firmer ahead of the opening bell on Wall Street, signalling a pause after sharp losses on Thursday amid uncertainty over interest rates going into 2024. Benchmark 10-year U.S. Treasury yields hit a 16-year high of 4.508%, later trading at 4.48%, while 30-year yields hit their highest in a dozen years. The Fed revised downwards its unemployment rate forecast for next year, and if the U.S. economic data continued to improve, it would put "upside risk" on interest rates, making the need for a soft landing all the greater, Osman added. Ten-year Japanese government bond futures rallied though cash yields were little changed and near decade highs at 0.745%. Gold firmed 0.3% to $1,925 an ounce despite pressure from the stronger dollar and bond yields.

Persons: what's, Eren Osman, Arbuthnot Latham, Osman, Mary Daly, Neel Kashkari, Susan Collins, Lisa Cook, Craig Ebert, Huw Jones, Tom Westbrook, Edmund Klamann, Kim Coghill, Rashmi Organizations: Bank of Japan, Global, Nasdaq, Treasury, ING, Bank of, Japan's Nikkei, Investors, Bank of England, Swiss, Swiss National Bank, JPMorgan, Thomson Locations: Europe, U.S, Asia, Japan, China, Sweden, Norway, BNZ, Wellington

☆ A giant eruption from the sun could bring the Northern Lights as far south as New York, Chicago, and Portland overnight Monday and early Tuesday
▼ + stars: | 2023-09-18 | by ( Morgan Mcfall-Johnsen | Sonam Sheth | ) www.businessinsider.com time to read: +4 min

The reason for this brilliant display is the sun, which shot a giant eruption of charged particles toward Earth on Sunday. The colorful Northern Lights, or aurora borealis, appear when electrically charged particles from the sun interact with molecules in Earth's atmosphere. Northern Lights may appear unusually far southTypically these dazzling green, red, pink, and purple lights only appear around the Arctic Circle, or around the South Pole (there it's called the aurora australis). That's because our planet's magnetic field lines channel the steady stream of particles, called the "solar wind," to the poles. AdvertisementAdvertisementWhere the aurora might appear tonightThe below map of the Space Weather Prediction Center's aurora forecast shows where late-night or early-morning sky watchers might be lucky enough to see the Northern Lights.

Persons: Dean Pesnell, Keith Strong, Lockheed Martin, Mike Hapgood, there's Organizations: Service, NASA, Dynamics, Lockheed, NOAA, Prediction Center, Rutherford Appleton Laboratory, Administration Locations: Wall, Silicon, New York , Illinois, Oregon

☆ Trump criticizes UAW leadership amid strike, warns autoworkers' jobs are moving to China
▼ + stars: | 2023-09-15 | by ( Amanda Macias | ) www.cnbc.com time to read: +4 min

"The autoworkers will not have any jobs, Kristen, because all of these cars are going to be made in China. The electric cars, automatically, are going to be made in China," Trump told NBC News' Kristen Welker in an exclusive, wide-ranging interview set to air Sunday on "Meet the Press." "The autoworkers are being sold down the river by their leadership, and their leadership should endorse Trump," added the frontrunner for the Republican presidential nomination. The strike marked the first time the United Auto Workers union targeted the three automaker titans simultaneously. Read more: Why the United Auto Workers want big raises Trump specifically criticized UAW President Shawn Fain.

Persons: Donald Trump, Kristen Welker, Kristen, Trump, autoworkers, Read, Shawn Fain, he's, Fain, Joe Biden, Matthew Hatcher, Biden, Xi Jinping Organizations: GM, NBC News, Press, WASHINGTON —, United Auto Workers, General Motors, Ford, NBC, Republican, SAIC General Motors Co, automaker titans, Workers, Trump, UAW, Ford Assembly Plant, AFP, Getty, White, U.S, China Locations: China, Wuhan, Wentzville , Missouri, Wayne , Michigan, Toledo , Ohio, Washington, Beijing

☆ Cramer's Lightning Round: Enbridge is a buy
▼ + stars: | 2023-09-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Magellan's year-to-date stock performance. Stock Chart Icon Stock chart icon Edwards Lifesciences' year-to-date stock performance. Stock Chart Icon Stock chart icon International Flavors & Fragrances' year-to-date stock performance. I have no idea what's happening, why it's just completely falling apart..."Stock Chart Icon Stock chart icon CVS's year-to-date stock performance. Stock Chart Icon Stock chart icon Honeywell's year-to-date stock performance.

Persons: It's, Edwards Lifesciences, Edwards, it's, Karen Lynch, IT's, that's what's, Morgan Stanley, I'm Organizations: Honeywell, Laguna, Charitable

☆ How much are retailers losing to shrink and theft? In many cases, it's not the main drag on profits
▼ + stars: | 2023-09-08 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

During second-quarter earnings reports in August and September, nearly two dozen retailers said shrink has continued to weigh on profits. During its second quarter earnings call with analysts, the company said shrink was in line with the year-ago period. Over the last few quarters, more and more retailers have called out shrink as a drain on profits and blamed theft for those losses. Others that loosely blame shrink and theft for plummeting profits without providing much more explanation may be trying to obfuscate internal issues, said Lapinsky. Contrary to other retailers, shrink was the largest drag on Ulta's earnings during fiscal 2022, according to a securities filing.

Persons: Lindsey Nicholson, Dick's, Ulta, Sonia Lapinsky, AlixPartners, that's what's, Macy's, CNBC's Courtney Reagan, Jeff Gennette, Gennette, TJX, John Klinger Organizations: Walgreens, Universal, Getty, CNBC, Target, Dick's Sporting Goods, Walmart, Lowe's Locations: Queens , New York

MANILA, Philippines (AP) — Losing a game at the Basketball World Cup, the U.S. national team said, was quite the wake-up call. The Americans turned words into actions and handed the Italians their worst loss in a global tournament — the World Cup or the Olympics — in nearly 45 years. “They created very good shots and they made them.”It was the quarterfinal round where it all went wrong for the U.S. at the World Cup four years ago in China. Italy had beaten the U.S. only twice in 14 previous tries at the senior men’s national level, both times at the world championships — which FIBA now calls the World Cup. … Guaranteed no worse than eighth place, this will be Italy's best World Cup showing since finishing sixth in 1998.

Persons: Mikal Bridges, Tyrese Haliburton, “ It's, Steve Kerr, “, Italy didn't, ” Bridges, Austin Reaves, Anthony Edwards, weren't, Lithuania —, Jalen Brunson, ” Reaves, Simone Fontecchio, Luigi Datome, didn’t, FanDuel, Jaren Jackson Jr, Jimmy Goldstein, Nicolo Melli, ___ Organizations: Basketball, U.S ., Wednesday, Mexico City Olympics, Italians, Sunday, U.S, FIBA, INS, NBA, ___ AP NBA, AP Locations: MANILA, Philippines, Italy, U.S, Germany, Latvia, Mexico, Lithuania, Italian, China, France, Manila, Fontecchio, Utah

☆ I've worked at Amazon for years, but now I'm looking for a new job because our RTO mandate would force me to uproot my life
▼ + stars: | 2023-09-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +7 min

The first time I worked at Amazon I was on the same team the entire time, so I was already looking for a change. That was sort of the final thing that pushed me to look outside of Amazon and take a new job. I'm angry, I'm frustrated. I've never seen Amazon make any sort of large-scale, top-down mandate like this without some sort of reason behind it. The jobs I'm looking at are significant pay cuts.

Persons: Andy Jassy, It's, I've, I'm, Slack, Brad Glasser, we've Organizations: Amazon Locations: Amazon, Seattle

A general view shows parts of the structure of flight terminal at an abandoned construction site of a Mexico City airport that was scrapped at Texcoco on the outskirts of Mexico City, Mexico September 3, 2020. "The finance ministry asked for everything to stay the same, so that's what's going to happen," Deputy Transportation Minister Rogelio Jimenez Pons told reporters. Jimenez had previously said that the finance ministry was considering an earlier payback schedule, as the funds used to pay off the bonds for the canceled airport currently come from a usage tax generated by the existing Mexico City International Airport (AICM). Once the Navy runs the AICM, which Jimenez said he expects to happen later this year, it may decide to renegotiate a buyback with the finance ministry, he added. Lopez Obrador opened the farther-away Felipe Angeles International Airport (AIFA) last year as an alternative to the Texcoco airport on an active military base.

Persons: Henry Romero, Andres Manuel Lopez, Rogelio Jimenez Pons, Jimenez, Lopez Obrador, Felipe, Kylie Madry, David Alire Garcia, Diane Craft Organizations: REUTERS, Mexico City International, Navy, Felipe Angeles International Airport, Thomson Locations: Mexico City, Texcoco, Mexico, MEXICO

☆ Cryptocurrencies fall to begin August, bitcoin dips under $29,000
▼ + stars: | 2023-08-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Ether , which has joined bitcoin in recent months as a sort of large cap, blue-chip trade in crypto, was down by 1.4%, after finishing July down by 3.35%. It was under extra pressure due to a recent exploit in DeFi giant Curve, however. Whenever investors hear the word hack ... it puts the whole crypto market on the backfoot and that's what's happening here," Gilbert said. Bitcoin volumes have also dropped significantly from their recent highs and have failed to reclaim them despite the price of bitcoin showing so much resilience this year. "When bitcoin heads south so do most altcoins ... and they're selling off a little bit further given what we're seeing with Curve."

Persons: bitcoin, Josh Gilbert, Altcoins, Ripple's, XRP, Aave, We've, Gilbert Organizations: Metrics, SEC, Binance, Solana, Polygon's, Finance, ERC, Blackrock ETF Locations: DeFi, Blackrock

☆ Cramer's Lightning Round: KeyCorp is a buy
▼ + stars: | 2023-07-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Illumina's year-to-date stock portfolio. Stock Chart Icon Stock chart icon Compass Pathways' year-to-date stock performance. Stock Chart Icon Stock chart icon KeyCorp's year-to-date stock performance. Stock Chart Icon Stock chart icon Eaton's year-to-date stock performance. Stock Chart Icon Stock chart icon ASML Holding's year-to-date stock performance.

Persons: Eaton, you've, ASML Organizations: Verve Therapeutics, ASML, Taiwan Semi Locations: Informatica, Taiwan

☆ Jim Cramer explains Ford's electric vehicle price cuts
▼ + stars: | 2023-07-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday analyzed Ford Motor 's move to slash prices for its electric F-150 Lightning pickup truck. Cramer said he thinks the price cuts are due at least in part to the novelty of EVs wearing off for many Americans. It doesn't help, Cramer said, that these cuts come just a few days after Tesla unveiled its first Cybertruck, the optics of which he called "suboptimal." "Ultimately, unless your costs come down — and that's what's happening with Ford — there will be no profit anyway," Cramer said. "But if an auto company doesn't make electric vehicles, that auto company will eventually be doomed, we all know that."

Persons: CNBC's Jim Cramer, Cramer, Ford, Tesla Organizations: CNBC, General, Ford

☆ Former Essence Magazine employees say they witnessed a 'hellish' and 'dehumanizing' culture at the leading publication for Black women in America
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

On June 28, 2020, a group of women using the name Black Females Anonymous published a damning public letter that shook Essence magazine, the leading publication for Black women in America, to the core. Essence magazine was launched in 1970 at a time when Black business and civil-rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Dennis, and Essence chief content and creative officer, Moana Luu, at the 2020 13th Annual Essence Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, haven't, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, didn't, Sandra Okerulu, Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Essence, Inc, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Essence Magazine was meant to be a place for 'Black girl magic.' Internally, some employees say it was more like 'Black girl tragic.'
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

"Essence is the most deceptive Black media company in America. Essence Magazine was first published in 1970 at a time when Black business and civil rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Richelieu Dennis, and Essence chief content & creative officer Moana Luu at the 2020 13th Annual ESSENCE Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Essence Communications Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, Black, didn't, Sandra Okerulu, Michelle Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Ebanks, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Essence Magazine, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Inc, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Hamptons, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell, Essence Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Elon Musk Hasn't Killed Twitter, He's Just Made It Irrelevant
▼ + stars: | 2023-07-12 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

It's been less than a year since he bought it, and Elon Musk's Twitter is already well on its way to suffering a fate worse than death — irrelevance. How you do a turnaroundIn the early days of Musk's Twitter takeover, I told you he was overpaying for the company. Unfortunately for Twitter, Musk is not a traditional turnaround guy. Maybe, to Musk, that's a crusade worth sacrificing the very thing that makes Twitter special. Maybe this is the site Musk wanted in the first place.

Persons: It's, Elon, irrelevance, Musk, Ron DeSantis, Rihanna, Mark Zuckerberg's Meta, Alexandria Ocasio, Cortez, Jennifer Lopez, Steph Curry, Donald Trump's, he's, tweeting, Vicki Bryan, Bond Angle, Goldman Sachs, Twitter hadn't, Linda Yaccarino, That's, Bryan, Morgan Stanley, what's, Jack Dorsey, —, Instagram, Lina Khan, hasn't, Meta, Zuckerberg, he'll, Linette Lopez Organizations: Elon Musk's Twitter, Gov, Twitter, Super, Metropolitan Transportation Authority, MTA, Oracle, Google, Fidelity, Wall Street, Pew Research, Pew, Federal Trade Commission, Meta Locations: Florida, Alexandria, New York

☆ I'm an author who used TikTok to sell enough books that I could quit my day job as a nurse. Here's how.
▼ + stars: | 2023-06-12 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

In the summer of 2022, he got access to TikTok Shop and began selling his books through the app. Last summer, I started using TikTok Shop as a platform to sell my books directly to people in the UK. Since I began using TikTok Shop, I've made over £11,000, about $14,000. With TikTok Shop, I end up with £2 or £3 per book more than when I sell through Amazon, on average. But because there are better margins on TikTok, I'm in control of discounts and offers.

Persons: Adam Beswick, He's, A.P Beswick, haven't, TikTok, It's, I've, — I'm, I'm, that's, it's, you'll, you've Organizations: KDP, Amazon Locations: TikTok

☆ The moon's pull is so strong it may trigger earthquakes on Earth. Scientists are still baffled by its power.
▼ + stars: | 2023-06-10 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

A small handful of experts claim to have evidence that our satellite produces forces that can trigger earthquakes. The moon's effect on earthquakes was hiddenScientists have long pondered whether the moon's tides could be linked to earthquakes. And it seems that in some cases, the moon did help trigger earthquakes around the world. By digging into these datasets, a few studies have suggested a link between Earth tides and earthquakes. Rather, it is when the rock is on the very brink of collapse that the moon's small tug could push it past that final tipping point.

Persons: —, Vi Nguyen, Chris Scholtz, Scholtz, Juan, Scholz, C.H, Tan, Nat Commun, Davide Zaccagnino, Zaccagnino Organizations: Service, NASA, Columbia Climate School, Pictures, NOAA, US, Nature Communications, Sapienza University of Rome Locations: Fuca, Earthquakes

☆ I made over $14,000 selling my fantasy books on TikTok Shop. It's a great way for indie authors to make money.
▼ + stars: | 2023-06-06 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

In the summer of 2022, he got access to TikTok Shop and began selling his books through the app. Last summer, I started using TikTok Shop as a platform to sell my books directly to people in the UK. Since I began using TikTok Shop, I've made over £11,000, about $14,000. With TikTok Shop, I end up with £2 or £3 per book more than when I sell through Amazon, on average. With TikTok Shop, I can only ship in the UK, so it's been a good way to tap into my UK audience.

Persons: Adam Beswick, He's, A.P Beswick, haven't, TikTok, It's, I've, — I'm, I'm, that's, it's, you'll, you've Organizations: KDP, Amazon Locations: TikTok

And an increase in underlying core inflation to 4.7%, up from a 4.6% pace in March, underscored the less-than-steady progress on the Fed's inflation fight. In March Mester had already expected the Fed to raise the policy rate beyond its current 5.00%-5.25% range. Fed policymakers also say they are watching credit conditions closely, though Mester on Friday said that so far she's not seeing worrisome "extra" tightening from the recent regional bank failures. Odds in futures markets are running three to one in favor of a rate hike by then. Other Fed policymakers have echoed that hawkish call.

☆ NJ Gov. Murphy would consider defying Supreme Court if justices back abortion pill ban
▼ + stars: | 2023-05-17 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Phil Murphy on Wednesday said he would consider defying the Supreme Court and continue to provide mifepristone if the court rules in favor of a ban on the abortion pill. When asked if the state would prescribe mifepristone after such a ruling, Murphy told MSNBC: "To be determined." It's going to cost them health, it's also going to cost peoples' lives, women in particular sadly. That's what's at stake, we'll do whatever it takes to save lives," said Murphy, a Democrat. The case hinges on whether the Food and Drug Administration's approval of the abortion pill should be rolled back.

☆ How doctors create a penis from a vagina and why one trans man changed his mind about which surgery to get
▼ + stars: | 2023-05-16 | by ( Kelly Burch | ) www.businessinsider.com time to read: +8 min

Creating a penis from a vagina is more complicated than turning a penis into a vagina. Then, they must define their priorities for their penis, Horwitz said. Then, during a meta, doctors cut ligaments around the newly enlarged clitoris, allowing it to extend away from the body. Phalloplasty creates a penis from a skin graftScar left over from a skin graft taken for a phalloplasty surgery. Once they've formed the neo-phallus (new penis), doctors surgically connect it to the genitals' nerve and vascular system.

☆ 'iCarly' writers join the WGA strike as showrunner Ali Schouten calls out Hollywood studios' 'corporate greed'
▼ + stars: | 2023-05-11 | by ( Reed Alexander | ) www.businessinsider.com time to read: +13 min

Insider spoke to Ali Schouten, the showrunner behind Paramount+ series "iCarly," about what's at stake. The "iCarly" writers will link up with the picket line outside the lot where the show is filmed, according to Ali Schouten, the series' showrunner and executive producer. Ahead of the "iCarly" writers' picketing on Thursday, I spoke with Schouten to understand what she and her colleagues are fighting for. Lisa Rose/Paramount+The last writers' strike resulted in $2 billion worth of losses for the California economy, and some experts predict the impact of this work stoppage could be even greater. How is the writers' strike impacting you, your business, or your family?

☆ Credit Suisse's chief US economist says home prices will likely fall another 5-10% — and that gridlock between buyers and sellers will prevent both appreciation and a larger crash
▼ + stars: | 2023-05-11 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Credit Suisse's Chief US Economist Ray Farris says home prices will see a 'long recession.' Rather, the market is likely to go through a sort of holding period, where activity stays low and prices neither boom nor bust. You can spread the housing market over many more locales in the US and that's what's happening." And the way I think of that, as a base case, it means that even as mortgage rates come down, the housing market doesn't recover rapidly. Morgan Stanley's Ellen Zentner is one economist that — like Farris — doesn't expect a recession, and only sees prices falling another 4% this year.

☆ Warner Bros. Discovery CEO says writers' strike will be ended by 'love for the business and the love for working'
▼ + stars: | 2023-05-07 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Discovery's CEO said he thinks a "love for working" will end the writers' strike. David Zaslav also said the 10,000 striking writers deserved to be paid fairly. Discovery says he thinks the widespread writers' strike will be ended by writers' "love of storytelling and lover for working." While Zaslav lent into emotive arguments to end the strike, he did also suggest writers deserved a better pay package. "In order to create great storytelling, we need great writers," Zaslav said in the interview.

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