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☆ Film crews became 'collateral damage' of Hollywood strikes
▼ + stars: | 2023-11-12 | by ( Andrew Hay | ) www.reuters.com time to read: +5 min

A New Mexico assistant director fell into deep depression and took his life. Crew members rallied to help one another and charities pitched in during the writers strike that began May 2 and ended in late September, and the actors strike that started in July. "The actors and writers are getting a lot of publicity but the crews are the collateral damage of the strikes," said Lori Rubinstein, executive director of mental health charity Behind the Scenes. Crew members lost health insurance and broke into retirement funds. In Albuquerque, assistant director Anthony Pelot, 37, who worked on sets with Bufalino for 14 years, grieved the loss of his best friend.

Persons: Mike Blake, Lori Rubinstein, Rubinstein, Pam Rosen, Joe Bufalino, Rosen, Jennifer Jorge, Jorge, MPTF, I'd, Sean, we've, Chris, Van Dunk, Gwen Roach, Roach, Anthony Pelot, Joe, Pelot, Andrew Hay, Donna Bryson, Sandra Maler Organizations: Writers Guild of America, Disney Studios, REUTERS, Rights, New, Reuters, Television Fund, Canada's AFC, Entertainment, Thomson Locations: Burbank , California, U.S, Rights ALBUQUERQUE, New Mexico, Toronto, York, California, California , New York, Atlanta, New York, Albuquerque

☆ 'The hard part is over': Here's what Goldman Sachs sees in the year ahead as markets and the economy return to pre-2008 conditions
▼ + stars: | 2023-11-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Goldman Sachs said the economy and investing landscape is returning to a pre-2008 environment. Conditions are normalizing as the end of ultra low rates ends andNEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In a note to clients this week titled, "The Hard Part Is Over," Goldman strategists led by Jan Hatzius highlighted that economies around the world have outperformed even optimistic expectations through 2023. Despite their relative optimism, Goldman strategists said they see "higher-than-normal risks" for 2024. Goldman Sachs says its probability-weighted fed funds forecast is below its modal baseline forecast Goldman SachsThere are also downside risks around growth, the bank said.

Persons: Goldman Sachs, —, Goldman, Jan Hatzius, Hatzius, Charles Schwab, Goldman Sachs Goldman Sachs, disinflation Organizations: Service, Goldman, Federal Reserve Locations: Europe

☆ The founders of The Gist and Just Women's Sports describe what it's like to run a women-focused media company in a male-dominated industry
▼ + stars: | 2023-11-10 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +7 min

Ellen Hyslop cofounded in 2017 The Gist, a sports media company geared toward female fans. Three years later, Haley Rosen founded Just Women's Sports, making Instagram content about, well, just women's sports. In the male-dominated sports media industry, these female founders have built sustainable and successful businesses around women in sports. In 2022, women's sports received 15% of all sports media coverage, a study by Wasserman's The Collective found. "Every single person at Just Women's Sports adds so much value and is so influential and impactful in the company," Rosen said.

Persons: Ellen Hyslop, Gist, Haley Rosen, They're, Rosen, Billie Jean King, Hyslop, The Gist, That's, King, Kevin Durant, Allyson Felix, Abby Wambach, Sam Kerr, Kelley O'Hara, Elena Delle Donne, Haley, Michele Kang, Wasserman's, We're Organizations: Sports, Nike, Media, Comcast, Labs, King's Enterprises, Elysian Park Ventures, State, Brooklyn Nets, New York Liberty, Philadelphia 76ers, Washington

☆ Bitcoin is back (sort of)
▼ + stars: | 2023-11-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

The big storyCrypto comebackSOPA Images / GettyThe ink is barely dry on Sam Bankman-Fried's conviction, and bitcoin is already rising like a fresh divorcee. It marked the highest price for the cryptocurrency since early May 2022, adding to what has quietly been a strong year for bitcoin, writes Insider's Phil Rosen. After a dreadful 2022 culminating in the downfall of FTX and the aforementioned SBF, bitcoin has been on the up. While there was plenty of fallout from FTX's bankruptcy, the price of bitcoin has steadily climbed this year. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, NYU Langone, Sam Bankman, Bitcoin, bitcoin, Phil Rosen, FTX, hasn't, It's, Roubini, Doom, Noah Sheildlower, Gary Gensler, it's, Ken Griffin, Goldman Sachs, Paul Sakuma Andreessen Horowitz, Maryna, Peter Thiel, Trump, couldn't, Thiel, he's, Diplo —, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NYU, BlackRock, Atlas, SEC, JPMorgan, Hudson Global, Today Locations: Delaware, India, Japan, Soho, New York City, San Diego, London, New York

☆ Dow rises 391 points as US stocks close out another winning week
▼ + stars: | 2023-11-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US stocks climbed Friday, with the Dow jumping by almost 400 points. Stocks rebounded after falling on Thursday to snap an eight-day winning streak. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementUS stocks jumped on Friday, with the Dow Jones Industrial Average gaining almost 400 points and the Nasdaq adding more than 2%. Meanwhile, US consumers' long-term inflation expectations rose to the highest since 2011, according to a preliminary November report from the University of Michigan.

Persons: Stocks, —, Jerome Powell, Joanne Hsu Organizations: Dow, Service, Dow Jones Industrial, Nasdaq, Treasury, Federal, University of Michigan, University of Locations: Gaza, Ukraine

☆ MicroStrategy stock is up 250% this year. Michael Saylor says bitcoin allows his firm to compete with giants like the Magnificent 7 for investors' attention.
▼ + stars: | 2023-11-09 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Founder Michael Saylor explained how bitcoin has helped the company's stock compete with Big Tech giants. He said spot bitcoin ETFs and the 2024 halving event will push the token's price higher. If you're going to keep up with the Magnificent Seven you're going to have to grow your revenues and cash flows at 20% a year or faster ad infinitum," Saylor said in a Fox Business interview earlier this week. "There's seven companies that generate all the shareholder returns. Bitcoin has rallied sharply in 2023 but can push even higher once regulators approve financial firms' bitcoin spot ETF products, in Saylor's view.

Persons: Michael Saylor, bitcoin, —, MicroStrategy, Saylor, It's, Bitcoin Organizations: Big Tech, Service, Apple, Microsoft, Fox, Google, Apple Computer, Bloomberg Intelligence

☆ Recent stock gains may have been too 'explosive,' but falling bond yields should continue to boost equities, technical strategist says
▼ + stars: | 2023-11-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Technical strategist Katie Stockton said that recent stock gains have been "explosive." But falling bond yields should continue to provide a boost to stocks if the pullback persists. The surge in equities, Wilson explained, is mostly a consequence of falling bond yields. Key government bond yields have pulled back sharply from 16-year highs in recent weeks. She said signs flashing in the TLT Treasury ETF point to an extended period of bond yields correcting from recent highs.

Persons: Katie Stockton, Stockton, —, November's, Morgan Stanley's Mike Wilson, Wilson, JPMorgan's Marko Kolanovic Organizations: Service, CNBC Wednesday, TLT Treasury Locations: Stockton, TLT

☆ Warner Bros. Discovery plunges 16% as CEO warns of 'generational disruption' to media
▼ + stars: | 2023-11-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Warner Bros. The media company reported a decline in ad revenue during the third quarter. AdvertisementAdvertisementShares of Warner Bros. Warner Bros. This was reflected in Warner Bros. results, with the company reporting that it saw a decline of 12% in ad spending among its TV networks.

Persons: David Zaslav, —, Zaslav, Gunnar Wiedenfels, Wiedenfels Organizations: Warner Bros, Service, Discovery, Wall, Bloomberg, WGA, SAG, HBO Max, Investors, Disney

☆ Americans notched the biggest annual increase in credit card debt on record last quarter
▼ + stars: | 2023-11-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

New York Fed economists said Tuesday US credit card balances grew $48 billion in the third quarter. AdvertisementAdvertisementEconomists at the New York Federal Reserve said Tuesday Americans' credit card balances grew by $48 billion in the third quarter, or about 4.7%, with the total amount reaching $1.08 trillion. Credit card debt hit $1 trillion for the first time ever this past summer. "But credit card delinquencies continue to rise from their historical lows seen during the pandemic and have now surpassed pre-pandemic levels." Close to 9.5% of credit card balances were more than 90 days delinquent last quarter, up from 8% in the second quarter and 7.6% during the third quarter of last year.

Persons: — Organizations: Service, New York Federal Reserve, New York Federal, New York Fed

☆ November's stock gains look like a bear market rally as yields fall, and further upside is unlikely, Morgan Stanley's top strategist says
▼ + stars: | 2023-11-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Morgan Stanley's top strategist says stock gains at the start of November are just a bear market rally. "We think last week's rally in stocks was mainly a function of the fall in back-end Treasury yields." AdvertisementAdvertisementMajor stock indexes are coming off their strongest weekly performances of the year, but to Mike Wilson, Morgan Stanley's top stock strategist, further upside is likely limited and the fresh gains to start November are merely a bear market rally. Instead, the market was simply reacting to the plunge in bond yields after the benchmark 10-year government bond hit the highest level since 2007. DataTrek Research noted Monday that the S&P 500 could return to its July high of 4,589 if bond yields drop below 4%.

Persons: Morgan Stanley's, —, Mike Wilson, Morgan, Wilson, Morgan Stanley, Morgan Stanley Morgan Stanley chalked Organizations: Service, Federal Reserve, Bank of America

☆ US stocks climb as investors look to continue momentum after best trading week of the year
▼ + stars: | 2023-11-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US stocks climbed as traders tried to keep the rally going following the best week of 2023. 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 . AdvertisementAdvertisementUS stocks traded higher Monday after each of the major indexes recorded their strongest weekly performances of the year last week. "We think last week's rally in stocks was mainly a function of the fall in back-end Treasury yields," Wilson wrote in a Monday note.

Persons: Morgan Stanley, —, Mike Wilson, Wilson, JPMorgan's Marko Kolanovic, Kolanovic Organizations: JPMorgan, Service, Federal Reserve, Dow Jones, Nasdaq

☆ US House Easily Passes Bill to Harden Sanctions on Iranian Oil
▼ + stars: | 2023-11-03 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

WASHINGTON (Reuters) - The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote. The Stop Harboring Iranian Petroleum (SHIP) bill, which passed 342-69, would impose measures on foreign ports and refineries that process petroleum exported from Iran in violation of U.S. sanctions. The bill must be passed by the Senate and signed by President Joe Biden before becoming law. While Congress can pass sanctions legislation, such measures often come with national security waivers that allow presidents discretion in applying the law. Despite U.S. sanctions on Iranian oil over its nuclear program, its exports of crude are soaring.

Persons: Mike Lawler, Jared Moskowitz, Joe Biden, Marco Rubio, John Kennedy, Maggie Hassan, Jacky Rosen, Vortexa, Timothy Gardner, Richard Cowan, David Gregorio Organizations: WASHINGTON, U.S . House, Iranian Petroleum, Republican, Senate, Democratic Locations: Iran, Israel, Tehran, China, Russia

☆ US House easily passes bill to harden sanctions on Iranian oil
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote. The Stop Harboring Iranian Petroleum (SHIP) bill, which passed 342-69, would impose measures on foreign ports and refineries that process petroleum exported from Iran in violation of U.S. sanctions. While Congress can pass sanctions legislation, such measures often come with national security waivers that allow presidents discretion in applying the law. Despite U.S. sanctions on Iranian oil over its nuclear program, its exports of crude are soaring.

Persons: Dado Ruvic, Mike Lawler, Jared Moskowitz, Joe Biden, Marco Rubio, John Kennedy, Maggie Hassan, Jacky Rosen, Vortexa, Timothy Gardner, Richard Cowan, David Gregorio Our Organizations: REUTERS, Rights, U.S . House, Iranian Petroleum, Republican, Senate, Democratic, Thomson Locations: Iran, Israel, Tehran, China, Russia

☆ Top Law Firms Call for Universities to Tamp Down on Antisemitism
▼ + stars: | 2023-11-02 | by ( Erin Mulvaney | ) www.wsj.com time to read: 1 min

Columbia students participating in a rally in support of Palestinians. Photo: Spencer Platt/Getty ImagesMore than two dozen large law firms urged university deans to address antisemitic harassment, vandalism and assaults reported on college campuses in recent weeks. In a letter sent Wednesday, the law firms, a group that includes Kirkland & Ellis; Paul, Weiss, Rifkind, Wharton & Garrison; and Wachtell Lipton Rosen & Katz, say they have been alarmed at reports of violence and bigotry on college campuses in recent weeks, including rallies calling for the death of the Jews and the elimination of the state of Israel. The letter was sent to more than 20 top law school deans.

Persons: Spencer Platt, Ellis, Paul, Weiss, Wachtell Lipton Rosen, Katz Organizations: Columbia, Getty, Kirkland, Garrison Locations: Rifkind, Wharton, Israel

Elite law firms send a messageWith universities across the United States grappling with a rise in antisemitism since the start of the Israel-Hamas war, elite law firms are putting schools on notice. In a letter to some of the nation’s top law schools obtained by DealBook, about two dozen major Wall Street firms warned that what happens on campus could have corporate consequences. The letter follows a series of recent antisemitic episodes at universities. Kathy Hochul of New York sought this week to reassure Jewish students at Cornell after online posts threatening violence against them. Students at other schools have said they feel increasingly unsafe amid rallies and other acts that, in some instances, have become violent.

Persons: Moore Debevoise, Plimpton Kirkland, Ellis Paul, Weiss, Garrison Simpson Thacher, Bartlett Skadden Wachtell, Lipton, Davis Polk, Israel, Kathy Hochul Organizations: DealBook, Rosen, Katz, Wardwell, Gov, New York, Cornell Locations: United States, Israel, Rifkind, Wharton, New

☆ Top law firms call out antisemitism on college campuses
▼ + stars: | 2023-11-02 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Some of the nation’s most powerful law firms are warning America’s elite universities to crack down on antisemitism on campus – or the schools and their students will face real consequences. “Over the last several weeks, we have been alarmed at reports of anti-Semitic harassment, vandalism and assaults on college campuses, including rallies calling for the death of Jews and the elimination of the State of Israel,” more than two dozen law firms wrote in a letter obtained by CNN. The letter campaign was spearheaded by Joe Shenker, senior chair of Sullivan & Cromwell, according to the New York-based law firm. “One would hope that by the twenty-first century, antisemitism would have been relegated to the dustbin of history,” Columbia University leaders said in a statement. Last month, a Columbia student hanging up posters on campus in support of Israel was assaulted.

Persons: Moore, Ellis, Paul, Weiss, Wachtell, Lipton, Katz, Joe Shenker, Sullivan, Cromwell, Ryna Workman, Israel “, ”, Strawn, Workman, “, ” Workman, they’ve, Liz Magill, ” Magill, ” Gillian Lester Organizations: New, New York CNN, CNN, Debevoise, Plimpton, Kirkland, Garrison, Rosen, Yale, Harvard, University of Virginia, University of Pennsylvania, Cornell, University of Michigan, University of Michigan , New York University, Stanford, NYU Student Bar Association, Winston, NYU, Columbia University, ” Columbia University, Columbia Law School, Cornell University Locations: New York, Israel, ”, Rifkind, Wharton, Slate, Columbia, Georgetown, University of Michigan , New, Penn, New York City

☆ Nevada man charged with threatening Jewish US senator
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

Greg Nash/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 31 (Reuters) - A Las Vegas man faces federal criminal charges after threatening to kill Democratic U.S. Senator Jacky Rosen, who is Jewish, in a series of messages to her office vowing to "finish what Hitler started," according to court documents and the Justice Department. Rosen's office on Tuesday confirmed she was the target of the threats, adding, "Threats against public officials should be taken seriously." Miller was charged with one count of threatening a federal official and faces a Nov. 13 court hearing following his arrest last week, the Justice Department said. In his messages, the Nevada man cited Israel's actions in its war with the militant group and threatened to "exterminate" the lawmaker, calling her "subhuman," the criminal complaint said.

Persons: Jacky Rosen, Greg Nash, Hitler, John Miller, Miller, Rosen, Susan Heavey, Jonathan Oatis Organizations: Senate Homeland Security, Governmental Affairs, Washington , D.C, Rights, Democratic U.S, Justice Department, Thomson Locations: Washington ,, Nevada, Israel, United States, Las Vegas

☆ The death of downtowns
▼ + stars: | 2023-10-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

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 . But the number of empty storefronts overwhelming downtowns isn't just a product of the post-pandemic world. When it comes to local downtowns, not all small businesses are created equally. A homebuilder executive breaks down the do's and don'ts that've helped her clients lower rates from 8% to 4.875%.

Persons: —, that's, Tyler, Insider's Adam Rogers, it's, Adam, Justin Sullivan, It's, Lucas Jackson, Elon Musk, Joel Saget, Sheldon Cooper, Getty Images Elon, X, Daniel Rizea, Haley Rosen, Marie Donoghue, Rosalyn Durant, don'ts that've, Heidi Klum's, Jayne Withers, Zers, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, New York Stock Exchange, Getty, Getty Images, Apple, Google, ESPN, NFL, NBA, Walmart, Workers, Fed, Pfizer, Samsung Locations: National, New York, AFP, New York City, San Diego, London

☆ Hedge fund billionaire Steve Cohen expects a recession to come and go quickly before a stock market rally in 2024
▼ + stars: | 2023-10-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Billionaire hedge fund boss Steve Cohen doesn't expect a deep recession or a prolonged market downturn. Cohen said his hedge fund, Point72, maintains a "pretty positive" outlook on the economy. AdvertisementAdvertisementSteve Cohen, the billionaire chief of hedge fund Point72 and the owner of the New York Mets, has an upbeat outlook for the US economy and financial markets. AdvertisementAdvertisementEarlier this week, investing pioneer Rob Arnott shared a contrasting outlook for the economy this week. Recessions always start with an economy that's been booming.

Persons: Steve Cohen doesn't, Cohen, —, Steve Cohen, Rob Arnott, Arnott, Jerome Powell, CME's, Powell Organizations: Service, New York Mets, CNBC

☆ US companies aren't feeling great about the economy - but one group is extra pessimistic
▼ + stars: | 2023-10-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Small business owners and CFOs both reported feeling downbeat about the US economy in recent surveys. CFOs are far more optimistic about the prospects for their own companies relative to the wider economy. A historically low number of small business owners said it's a good time to expand operations. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementSmall business owners are pessimistic about the state of the US economy.

Persons: it's, —, Ned Davis, CFOs Organizations: Service, Conference Board, Ned Davis Research Small, NDR, Bloomberg, Fed

☆ US stocks drop as investors weigh disappointing tech earnings against hot GDP report
▼ + stars: | 2023-10-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Meta stock fell after management warned on ad sales. 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 . AdvertisementAdvertisementUS stocks declined on Thursday as traders took in hotter-than-expected US economic growth as well as more tech earnings. Like Alphabet, Meta beat on revenue and earnings, but management at the social-media leader warned on ad sales.

Persons: —, Jeffrey Roach, Wall Organizations: Nasdaq, Meta, Service, Gross, Consumer, LPL, Dow Jones

☆ 'Recessions always start with an economy that's been booming': An investing pioneer explains why he sees 50% chance of a downturn in 2024
▼ + stars: | 2023-10-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Investing pioneer Rob Arnott said there's a 50-50 chance of a recession in the coming year. "People will say that recessions don't start with a booming economy," Arnott told CNBC Thursday. "There's a couple of headwinds that play against growth and in favor of value," Arnott said. AdvertisementAdvertisementHe said persistent inflation supports the case for value stocks rather than growth stocks, since they provide a greater margin of safety. Elevated inflation, too, sustains higher bond yields, which suggests a higher discount rate for long-term future growth, and ultimately "reduces the value of growth stocks relative to value stocks."

Persons: Rob Arnott, there's, Arnott, — Organizations: CNBC, Service, Research Affiliates

☆ Volvo Cars' promise of EV boom falls on deaf ears as shares drop 12%
▼ + stars: | 2023-10-26 | by ( Marie Mannes | Thomson Reuters | Stockholm-Based Company News Correspondent Who Mainly Covers Anything To Do With Retail | ) www.reuters.com time to read: +2 min

As the company reported third-quarter earnings, Chief Executive Jim Rowan told Reuters that he saw healthy demand for its cars, and was optimistic the margins would increase further in the fourth quarter. Volvo's BEV margins were 9% in the quarter, a sharp increase from the previous quarter's figure of 3%. Rowan said he expected the trend of falling prices of raw materials to continue, helping the company increase margins further for the fourth quarter. Investors proved unconvinced, as Volvo shares, down 10% by 1014 GMT, after having fallen as much as 12%, looked set for their biggest ever one-day drop. EV makers have engaged in stiff competition this year, after Tesla ignited a price war intensified by new Chinese players.

Persons: Aly, Jim Rowan, EVs, BEV, Rowan, Jefferies, Philippe Houchois, Houchois, Tesla, China's Geely, Marie Mannes, Greta Rosen Fondahn, Terje Solsvik, Clarence Fernandez Organizations: Volvo, Auto Shanghai, REUTERS, Rights, Reuters, Benz, Motors, Ford, Volkswagen, China's, Thomson Locations: Shanghai, China, Rights STOCKHOLM, EVs

☆ Economists fear major disruption if the Israel-Hamas conflict is not contained
▼ + stars: | 2023-10-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

ReutersAny possible escalation of the Israel-Hamas war poses a major risk to the global economy, driving up energy prices and disrupting key trade routes, economists have warned. Israel's subsequent bombardment of Gaza in a bid to eliminate Hamas has increased the risk of a spillover to the wider Middle East region. The events in recent days have deepened the greatest fear among economists, that the conflict engulfs the region and begins to pose a long-term threat to global energy and trade infrastructure. Back then oil prices gained 30% in a matter of two weeks before settling at around 15% above pre-war levels," said J. Safra Sarasin Equity Strategist Wolf von Rotberg. "You choke off those points and you create major disruption not just to oil prices, but the whole supply chain of the world for energy and other goods as well."

Persons: Israel's, Isaac Herzog, Pat Thaker, Thaker, Brent, J . Safra Sarasin, J, Wolf von Rotberg, Elijah Oliveros, Rosen, Oliveros, Paul Gruenwald, Gruenwald Organizations: Hamas, Reuters, Palestinian, Lebanese, Hezbollah, Economist Intelligence Unit, CNBC, Fed, ECB, West Texas, J ., Safra Sarasin Equity Locations: Israel, Palestinian, Gaza, Lebanon, East, Africa, Saudi, Ukraine, Europe, Iran, Tehran, Saudi Arabia, Suez, Persian, Hormuz, U.S, Chile, Turkey, Thailand, Philippines, India, Egypt

☆ The Fed is about to make its next move. Here are 8 quotes from Jerome Powell and other central bankers that point to what comes next.
▼ + stars: | 2023-10-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

After 11 interest rate hikes, Federal Reserve officials appear divided on next steps. Jerome Powell and other central bankers have signaled another rate hike could be on the table. Since the Federal Open Market Committee's September meeting, several central bankers have signaled that interest rates could still go higher. Atlanta Fed President, Raphael Bostic, October 20: "I really do try to keep people focused on what inflation is, still at 3.7%. Federal Reserve chairman, Jerome Powell, October 19: "Financial conditions have tightened significantly in recent months, and longer-term bond yields have been an important driving factor in this tightening.

Persons: Jerome Powell, —, CME's, Patrick Harker, Raphael Bostic, Neel Kashkari, Lorie Logan, Christopher Waller, Susan Collins Organizations: Federal Reserve, Service, Federal, Market, Philadelphia Fed, Atlanta Fed, Minneapolis Fed, Dallas Fed, Governors, Boston Fed

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