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☆ Israel's war with Hamas will cost $53 billion, Israeli central bank says
▼ + stars: | 2023-11-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Israel's central bank forecasts war with Hamas to cost $53 billion between 2023 and 2025, per the WSJ. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNew estimates from the Israeli central bank forecast the war with Hamas to cost Israel roughly $53 billion between now and 2025, according to a Wall Street Journal report. By the end of 2024, the war will cut into Israel's GDP by 3%, in the Israeli central bank's view, even as policymakers work to stabilize financial markets and its currency. Thanks to central bank interventions, it's jumped about 9% over the last four weeks against the greenback, after the conflict had previously dragged the currency to an 11-year low.

Persons: Israel's shekel, —, Amir Yaron, it's, Yaron Organizations: Service, Wall, Bank of Israel, greenback Locations: Israel

☆ US stocks trade mixed as investors hit pause on November rally ahead of Fed comments
▼ + stars: | 2023-11-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +1 min

Stocks traded mixed on Tuesday as investors slowed down on the November rally. 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 . AdvertisementUS stocks traded mixed on Tuesday as investors pulled back on the November rally ahead of remarks from a cadre of Federal Reserve officials. Policymakers on the docket today include Fed Governors Christopher Waller, Michelle Bowman, and Michael Barr, as well as Chicago Fed President Austan Goolsbee.

Persons: Stocks, —, Christopher Waller, Michelle Bowman, Michael Barr, Austan Goolsbee, Goldman Sachs Organizations: Traders, Federal Reserve, Service, Fed, Chicago Fed, Bank of America, RBC Capital Markets, Here's, Dow Jones

☆ US gas prices have tumbled for 2 months to notch their longest streak of declines in over a year
▼ + stars: | 2023-11-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US gas prices have dropped for 60 consecutive days, per Bloomberg. It's the longest streak of declines in more than a year, according to the report. A gallon of gas on average in the US costs $3.25, about 30 cents cheaper than this time last year. AdvertisementUS gas prices have dropped for 60 consecutive days, notching their longest streak of declines in more than a year. Meanwhile, the Federal Reserve's aggressive interest-rate hiking since March 2022 has weighed on economic growth and consumer spending, which analysts point to as one reason contributing to softer oil and gas prices.

Persons: —, Brent Organizations: Bloomberg, Service, Biden Administration, Saudi, West Texas

☆ Japan's aging population offers a roadmap for the US economy's inflation battle
▼ + stars: | 2023-11-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Eurizon strategists forecast US inflation to steadily fall to the Fed's target of 2%. Since the 1990s, Japan's aging population has caused inflation and interest rates to fall. By Eurizon's calculations, Japan's labor force peaked in 2019, at 1.7 times its size from 1950, which suggests an average annual labor force growth rate of 0.77 percent a year through the expansion. Similarly, China's labor force peak from 2018 will likely be pushed back by new policies. Eurizon SLJ Capital LimitedAs more countries follow Japan's demographic path, inflation should follow a similar trajectory.

Persons: —, Stephen Jen, Joana Freire, Jen, Freire Organizations: Service, Japan, JPMorgan, Bank of, SLJ, Bank of America Locations: Japan, South Korea, Italy, China, EU, India

Twelve of those newly released were among the roughly 75 people who had been kidnapped from Kibbutz Nir Oz on Oct. 7. Ruth is a retired hairdresser and seamstress, according to Kibbutz Nir Oz. Danielle Aloni; Amelia Aloni, 5Danielle Aloni and her daughter Amelia were taken hostage while visiting Ms. Aloni’s sister, Sharon Cunio, a resident of Kibbutz Nir Oz. She was kidnapped from her safe room in Kibbutz Nir Oz after her husband, Sa’id Moshe, was killed during the Hamas assault. Hanna Katzir, 76Ms. Katzir helped oversee child care in Kibbutz Nir Oz for many years, according to a niece, Dalit Katzenellenbogen, who lives in Tel Aviv.

Persons: —, Kibbutz Nir Oz, Keren Munder, Munder, Ruth Munder, Ohad Munder, Ruth, Abraham Munder, Nir Oz, Abraham’s, Roee, Ohad, Abraham, Keren, Danielle Aloni, Amelia Aloni, Amelia, Aloni’s, Sharon Cunio, Sharon, David Cunio, Emma, Yuli, ”, Aloni, Adina Moshe, Moshe, Sa’id Moshe, Naama Ben, Moshe’s, ” Yaffa, Adar, Tamir Adar, Hanna Katzir, Katzir, Katzenellenbogen, Elad Katzir, Rami, Hanna Peri, Peri, Ms, Margalit Moses, Moses, Doron Katz Asher, Raz Asher, Aviv Asher, Katz Asher, Raz, Efrat Katz, Katz, Yoni Asher, Asher, Khan Younis Organizations: Nirim Locations: Tel Aviv, Gaza, Israel, Kfar Saba, Palestinian, Nirim, South Africa, Norway, Mozambique

☆ The tug-of-war is on between deal-hungry shoppers and retailers wary of giving them throw-away prices on Black Friday
▼ + stars: | 2023-11-24 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

So are the start-of-the-season deals enticing enough for shoppers or are they holding out in a cat-and-mouse game with retailers? Michael Brown, retail industry leader and partner with management consulting firm Kearney, said the much earlier-than-usual jumpstart to holiday sales this year could be to blame. Shoppers will be holding out for better deals,” he said. Kena Betancur/Getty ImagesTotal holiday sales this year are expected to come in softer compared to last year. He said there were plenty of 25% off Black Friday deals mall-wide and some deeper 40% off promotions for early-bird shoppers.

Persons: New York CNN —, Michael Brown, Kearney, ”, Brown, Emily Elconin, Marshal Cohen, ” Cohen, Barbie, Willing, they’ve, Kena Betancur, Brian Schroeder, Kendra Scott, “, Aeropostale, Aritzia, Shannon Stapleton, Marc Rosen, Rosen, ” Rosen, Nathaniel Meyersohn Organizations: New, New York CNN, “, Shoppers, Black, National Retail Federation, Adobe Analytics, Disney Little, Marvel, Macy's, Brookfield Properties, Brookfield Asset Management, Nike, Apple, Simon Property Group, JCPenney Locations: New York, Oaks, Michigan, New York , New York, La Cantera, San Antonio , Texas, Brookfield, Roosevelt, Garden City , New York, Penney

☆ The CEO of a hedge fund that averaged 70% returns over 2 decades doesn't regret sleeping 2,000 nights in his office: 'I really don't see how I could do it otherwise'
▼ + stars: | 2023-11-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Peter Brown, the CEO of top hedge fund Renaissance Technologies, slept 2,000 nights in his office. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe chief executive officer of Renaissance Technologies, the secretive and massively successful hedge fund, said he has spent 2,000 nights sleeping in the office—and he has no regrets about putting in such long hours. Brown answered "yes" in response to Mahajan's question as to whether it was true he spent nearly 2,000 nights sleeping in his office. "And my experience has been that when a husband and a wife work in two different towns, the husband commutes.

Persons: Peter Brown, Goldman Sachs, —, Raj Mahajan, Renaissance's Peter Brown, Brown, Jim, we're Organizations: Technologies, Service, Renaissance Technologies, Washington DC, I'm, flagship Medallion Fund Locations: Washington, Long

☆ Hedge funds have lost $43 billion trying to short the market as the S&P 500 eyes its best month in over a year
▼ + stars: | 2023-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Hedge fund short sellers have lost $43 billion in recent days as stocks rally, the Financial Times reported. The S&P 500 is on track for its best month since July 2022. With a more than 7% gain in November, the S&P 500 is on pace for its best month since July 2022. AdvertisementThe FT notes that analysts say some hedge funds have had to repurchase stocks to cover their short bets as a "short squeeze" pushed share prices even higher. According to S3 data, bets against technology, healthcare, and consumer discretionary were the most painful for hedge funds.

Persons: —, Stocks, Goldman Sachs, Nicholas Colas, Jessica Rabe Organizations: Financial Times, Service, Wednesday Financial, S3 Partners, Federal Reserve, Carnival Corp

RENO, Nev. (AP) — A judge has struck down an effort to enshrine reproductive rights, including abortion, in Nevada’s constitution, as abortion rights advocates in the western swing state attempt to follow other states in putting the question before voters in 2024. If allowed to proceed, Nevadans for Reproductive Rights would need just over 100,000 signatures to get the issue on the ballot. Abortion rights up to 24 weeks are already codified into Nevada law through a 1990 referendum vote, where two-thirds of voters were in favor. In Nevada, reproductive rights were central to Democratic campaigns in the 2022 midterms. Lawmakers in Nevada’s Democratic-controlled legislature are attempting to get reproductive rights including abortion access in front of voters on the 2026 ballot.

Persons: —, James T, Russell, ” Russell, “ I’ve, Charles Russell, Kenny Guinn, Donald Trump’s, Joe Biden’s, Bradley Schrager, Lindsay Harmon, ” Jason Guinasso, Roe, Wade, Democratic U.S . Sen, Jacky Rosen, ____ Stern, Stern Organizations: Reno, Republican Gov, Reproductive Rights, Nevada, Coalition, Parents, Reproductive, Nevada Supreme, PAC, Supreme, Democratic, Democratic U.S ., Lawmakers, Nevada’s Democratic, Assembly, Associated Press, America Statehouse News Initiative, America Locations: RENO, Nev, Nevada’s, Carson City, Nevada, U.S, Ohio, New York, Maryland, Missouri, Arizona

☆ Oil prices tumble as OPEC+ pushes back key meeting and Saudi Arabia grows frustrated
▼ + stars: | 2023-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Oil prices tumbled on Wednesday as OPEC+ delayed its weekend meeting to November 30. Saudi Arabia expressed dissatisfaction with other OPEC+ members' production, Bloomberg reported. AdvertisementOil prices tumbled on Wednesday as OPEC+ pushed back this weekend's meeting to November 30 amid reports of discord among member countries. Oil prices have tumbled more than 18% since their peak in September. Saudi Arabia has expressed dissatisfaction with other OPEC+ members' oil production levels, sources told Bloomberg.

Persons: —, Brent, OPEC's Organizations: West Texas Intermediate, Brent, Bloomberg, Service, United, United Arab Emirates, Financial Times Locations: Saudi Arabia, Angola, Congo, Nigeria, OPEC, United Arab, UAE

☆ ETFs that track meme stocks have been surging, as 'animal spirits' return to markets
▼ + stars: | 2023-11-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Meme stocks have been on the rise recently as November's market rally brings a wave of bullishness. "The upshot: the reemergence of meme stocks shows investors' animal spirits are starting to run hot again," DataTrek said. AdvertisementMEME, BOTZ, and IWO have seen gains of 10.8%, 6.6%, and 5.9%, respectively, while the S&P 500 has gained 3.1% in that stretch. AdvertisementStill, the recent outperformance for funds with exposure to meme stocks reflect "generally bullish market conditions," Colas and Rabe maintained. DataTrek also noted on Tuesday that S&P 500 sector correlations suggests the November stock rally should continue through the end of the year.

Persons: —, Nicholas Colas, Jessica Rabe, iShares Russell, DataTrek, Colas, Rabe Organizations: Service, Robotics, Treasury, IWO, GameStop, AMC

☆ A key historical indicator says the latest stock market rally is poised to push on through the end of the year
▼ + stars: | 2023-11-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The S&P 500's sector correlations suggest the current rally can go to year-end, DataTrek Research said. The indicator is a sign of investor confidence, and it's hovering near levels seen around bull markets of the past. AdvertisementThe stock market is in the midst of a strong November rally, and according to DataTrek Research, the gains could last through year-end thanks to a key historical trend. "When [investors] see clear skies ahead, correlations tend to be low as they pick and choose between individual sectors and stocks," Colas and Rabe said. When correlations hover above that level, stocks tend to be under pressure; when they are below, stocks tend to rally like they did in 2020-2021, and between January and July of this year.

Persons: —, Nicholas Colas, Jessica Rabe, Colas, Rabe Organizations: Research, Service

☆ Argentina oil company YPF spikes 40% as investors cheer president-elect Milei's promises to revamp the economy
▼ + stars: | 2023-11-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Shares of state-oil firm YPF soared 40% on Monday after Javier Milei's presidential victory. Milei has promised to revamp the Argentine economy, and also said he would seek to privatize YPF. Milei won the Argentine presidential election Sunday against Economy Minister Sergio Massa. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementArgentine state energy company YPF saw its New York-listed shares spike more than 40% on Monday, following Javier Milei's presidential election victory on Sunday.

Persons: Javier Milei's, Milei, Sergio Massa, —, Spain's Repsol, YPF Organizations: Argentine, Economy, Service, Reuters, Grupo Financiero Galicia, Banco Locations: Argentine, YPF, York, Spain's, Argentina, New York

☆ CHART OF THE DAY: Recession fears appear to be cooling among US companies
▼ + stars: | 2023-11-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Mentions of inflation were down to 55% of companies in the third quarter, down from a peak of 83% in 2022. Taken together, the "recession" and "inflation" mentions points to moderating, but still persistent unease among companies. "Stocks have shrugged off recession fears, but they remain elevated at many companies. But they also note that the still-elevated mentions of inflation and recession don't necessarily bode poorly for stock performance. Big Wall Street firms are mixed in their outlook for the economy next year.

Persons: —, disinflation, DataTrek, DataTrek cofounders Nicholas Colas, Jessica Rabe, Colas, Rabe, bode, Goldman Sachs Organizations: Service, Research, Wall Street, Wall, Bloomberg, JPMorgan Locations: America

☆ Investing veterans break down their outlook for the year ahead as markets return to pre-2008 conditions
▼ + stars: | 2023-11-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Goldman Sachs said the S&P 500 can climb 8% in 2024 as pre-2008 conditions return. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The major indexes are up in 2023, with the S&P 500 notching a healthy gain of more than 17% year-to-date. Gene Goldman, chief investment officer at Cetera Investment Management, said he expects about a 10% gain for the S&P 500 in 2024. Meanwhile, Jeff Buchbinder, chief equity strategist for LPL Financial, expects "high single-digit returns" in 2024.

Persons: Goldman Sachs, —, David Russell, Russell, boomers, Millennials, Steve Wyett, Wyett, Mark Hackett, Hackett, Gene Goldman, Brian Price, Jeff Buchbinder, Goldman Organizations: Service, Federal, Fed, BOK Financial, Nationwide, Business, Cetera Investment Management, LPL Financial

☆ Oil prices surge after falling below key threshold as report says Saudi Arabia plans to extend production cuts into 2024
▼ + stars: | 2023-11-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US and international oil prices jumped on Friday by more than 4% after a week-long slump. Saudi Arabia is considering prolonging production cuts into 2024, the Financial Times reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS and global oil prices surged on Friday following a week-long slump, as the Financial Times reported top producer Saudi Arabia is considering prolonging its production cuts into 2024. Falling oil prices would be the main driver of the cuts, but some members, the report said, are concerned about the Israel-Palestine conflict and the crisis unfolding in Gaza.

Persons: —, Brent, Prince Abdulaziz bin Salam Organizations: Financial Times, Service, West Texas Intermediate, FT, Saudi Locations: Saudi Arabia, OPEC, Vienna, Israel, Palestine, Gaza, Kuwait, Algeria, Iran

☆ Alibaba extends losses to $26 billion in market value after the company announces big reversal of spin-off plans
▼ + stars: | 2023-11-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Alibaba has lost $26 billion in market cap since Thursday, after it shelved plans to spin off its cloud business. Executives said they needed to "reset" strategy, and pointed to US restrictions on chip sales to China. AdvertisementAlibaba walked back plans to spin off its $11 billion cloud business this week, sending shares of the Chinese tech giant lower for a second day on Friday. AdvertisementThe spin-off for its Cloud Intelligence Group had been planned as part of a widespread overhaul of the Alibaba empire. "We believe that a full spin-off of Cloud Intelligence Group may not achieve the intended effect of shareholder value enhancement," the company said.

Persons: Alibaba, —, Joseph Tsai, Eddie Wu, Wu, Tsai, Biden, it's, Jack Ma Organizations: Service, Bloomberg, Biden Administration, Tencent Holdings, JD, Nvidia, Cloud Intelligence Group, Cloud Intelligence Locations: China

☆ The housing market is historically unaffordable - but a record number of Americans now own their home without a mortgage
▼ + stars: | 2023-11-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The share of US homes without a mortgage jumped five percentage points from 2012 to 2022 to a record near 40%, Bloomberg reported. Historically high mortgage rates and home prices have kept many Americans sidelined from the market. The share of homeowners that are mortgage-free surged 5% between 2012 and 2022, Bloomberg reported Friday, citing data from the Census Bureau, hitting a new record just below 40%. Construction is booming in these states, and the share of mortgage-free homes is high. West Virginia, meanwhile, has the largest share of mortgage-free homes, at about 53%, Bloomberg reported.

Persons: —, Holly Meyer Lucas Organizations: Bloomberg, Service, Census, Business Locations: Florida, Texas, South Florida . Texas, Arizona, West Virginia

Among the catalysts are Palestinian and Jewish-led groups that have been active for years in opposing Israeli policies toward the Palestinians and who now demand a cease-fire in Gaza. The groups have roots in a movement known as BDS, which calls for the boycott, divestment and sanction of Israel. That campaign generated heated rhetoric long before Hamas militants attacked Israel on Oct. 7 and Israel launched its counteroffensive. Advocates wrote op-eds for campus newspapers with appeals to protect Palestinian human rights, often accusing Israel of colonialism and racism. Protests have led to disruptions on Capitol Hill, at a major train station in Chicago and New York City’s Grand Central Station.

Persons: Brant Rosen, IFNOTNOW IfNotNow, “ Young, ”, IfNotNow, ” Eva Borgwardt, ” IfNotNow, Ron Liebowitz, Brandeis, Ron DeSantis’s, Israel, Tom Horne, Hollingsworth, Crary, Anita Snow Organizations: Israel, New York, Grand, Station, Democratic, Committee, Jewish Voice, Peace, Twitter, Columbia University, Rabbinical, Defamation League, JVP, Zionist, “, Palestinian, JUSTICE, PALESTINE, Justice, Brandeis University, American Jewish, Brandeis, Republican Florida Gov, Virginia Attorney, Brown University, UNICEF, Amnesty International, Local, Lilly Endowment Inc, AP Locations: Israel, Gaza, there’s, United States, Chicago, New, Washington, Palestine, U.S, Canada, ”, American, Toledo , Ohio, Virginia, Scottsdale , Arizona, Mission , Kansas, New York, Phoenix

☆ Journalism professor’s six-word mantra is a blueprint for how news outlets should cover the 2024 race
▼ + stars: | 2023-11-15 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

“The stakes, of course, mean the stakes for American democracy,” Rosen told me by phone Tuesday. Needless to say, sounding the alarm on Trump’s disturbing conduct is more difficult than engaging in horse race coverage. “And [horse race coverage] is an easy way to make a complicated subject come alive for audiences,” Rosen added. “Rather, that the horse race should not be the model for how you design your coverage. “We are getting more and more stakes journalism from our national media,” Rosen said.

Persons: CNN — “, Jay Rosen, Rosen, —, ” Rosen, “, Donald Trump, they’re, ” That’s, “ Rather, ” Organizations: CNN, York University, The New York Times, Washington Post, Associated Press, MSNBC Locations: U.S

☆ Hunter Biden lawyers seek subpoenas for Trump, former AG Barr in gun case
▼ + stars: | 2023-11-15 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, July 26, 2023. The criminal probe of Hunter that led to the pending case in Delaware federal court began in late 2018, during the Trump administration. Weiss soon afterward was appointed special counsel in the case by Attorney General Merrick Garland. The prosecutor has been criticized by Trump and his allies for the initial plea deal and for not charging Hunter with more serious crimes. Hunter's lawyers, in turn, argue that the current gun charges are barred by the diversion agreement.

Persons: Hunter Biden, Joe Biden, Donald Trump, Bill Barr, Hunter, Mr, Biden, Biden's, Trump, Barr, Jeffrey Rosen, Richard Donoghue, Rosen, Donoghue, General Donoghue, General Rosen, he's, David Weiss, Weiss, General Merrick Garland Organizations: Department of Justice, Trump, Justice Department, DOJ, Messrs, Republican, U.S, Attorney Locations: Wilmington , Delaware, Delaware

WASHINGTON (AP) — Hunter Biden asked a judge on Wednesday to approve subpoenas for documents from Donald Trump and former Justice Department officials, claiming the former president applied political pressure to a criminal investigation of him. The push for a subpoena comes as defense attorneys fight the federal firearms case filed against Hunter Biden, who is accused of breaking laws against drug users having guns. Hunter Biden had been expected to plead guilty to misdemeanor tax charges over the summer in an agreement with prosecutors that spared him prosecution on the gun count if he stayed out of trouble for two years. Political Cartoons View All 1247 ImagesThe special counsel overseeing the case has indicated that new tax charges are possible in Washington or in California, where Hunter Biden lives. A representative for Trump did not immediately return an email message seeking comment.

Persons: — Hunter Biden, Donald Trump, Trump, William Barr, Jeffrey Rosen, Richard Donoghue, Joe Biden's, Hunter Biden Organizations: WASHINGTON, Justice Department, Republican, Trump, U.S . Capitol, Democrat Locations: Washington, California

☆ October's inflation report 'broke the hiking cycle's back,' and signals the Fed is done raising rates, Bank of America says
▼ + stars: | 2023-11-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Bank of America changed its Fed outlook on Tuesday after a softer-than-expected CPI report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOctober's softer-than-expected inflation reading prompted Bank of America on Tuesday to change its outlook on further interest rate increases, with strategists declaring that the Federal Reserve's rate hiking cycle is over. Inflation in October came in at 3.2% year-over-year, down from 3.7% in September and the lowest reading since June. In its note on Tuesday, the bank called the report "the straw that broke the hiking cycle's back."

Persons: —, Katie Stockton, seasonality, Stockton Organizations: of America, Service, Bank of America, Markets, Fed, Dow Jones Industrial, Nasdaq Locations: New York

☆ Sweden's SBB posts bigger Q3 loss
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Marie Mannes/File Photo Acquire Licensing RightsSTOCKHOLM, Nov 13 (Reuters) - Debt-laden Swedish property group SBB (SBBb.ST) reported a widening of its pre-tax loss in the third quarter on Monday. The landlord, which owns properties across Sweden including hospitals and care homes, reported a pre-tax loss of 3.13 billion Swedish crowns ($287 million) for continuing operations, compared to a loss of a revised 2.56 billion a year ago. This was weaker than Carlsquare analyst Bertil Nilsson's expectation of a loss of 2 billion crowns. SBB slashed its property values by 3.52 billion crowns in the quarter, after analysts had warned property values in the sector could continue to see pressure from high interest rates. Its net operating income came in at 0.93 billion crowns, down from revised 1.02 billion a year earlier.

Persons: Marie Mannes, Bertil Nilsson's, Greta Rosen Fondahn, Terje Solsvik Organizations: SBB, REUTERS, Rights, Brookfield, Thomson Locations: Stockholm, Sweden, Rights STOCKHOLM, Swedish

☆ Opinion | Speech and Antisemitism on Campus
▼ + stars: | 2023-11-13 | by ( ) www.nytimes.com time to read: +5 min

And he rightly suggests necessary limits on a culture of free speech, including prohibitions on harassment and targeting based on ethnic or religious identity. We can build our bastions of free speech on the foundational layers of moral clarity and intellectual integrity. To the Editor:Re “What Is Happening on College Campuses Is Not Free Speech,” by Gabriel Diamond, Talia Dror and Jillian Lederman (Opinion guest essay, Nov. 11):Protecting free speech on campus requires bravery and intellectual honesty, not partisan definitions. As Jewish students, we share in the real fear surrounding the rise of violent threats against our communities. Upholding free speech requires empathy and consistency, and we must understand that intimidation and fear on campuses are real, and they are not felt only or even primarily by Jewish students.

Persons: Jesse Wegman, Wegman, Rabbi, Ari Berman, Gabriel Diamond, Talia Dror, Jillian Lederman, ”, Eliana Blumberg Rita Feder Michael Farrell, Rosen Providence, Lawrence D, Platt Los Angeles, Joshua Rosenbaum Brooklyn, Joe Manchin, … Organizations: Hamas, Yeshiva University, Holocaust, Israel, Jewish, Brown University, College, University, Touro University Locations: Israel, Chicago, R.I, American, Europe

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