Category: 10 things opening bell
The good news is markets look resilient — but the bad news is just about everything else
TGIF. Phil Rosen right here, reporting from New York City. I’m completely satisfied to see that, lastly, the remainder of the world appears to be catching on to the magic that is Magic: The Gathering. Haven’t heard of it? Well the once-niche card game just became a $1 billion brand. That means gross sales of those fantastical playing cards that includes creatures, spells, and planeswalkers…
Wall Street activism is proving its influence on companies. Just look at Disney’s Bob Iger.
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Markets, Newsletter 0 Good morning, Opening Bell crew. I’m Phil Rosen, reporting from Manhattan. We’re 48 hours from turkey day, however markets are buzzing alongside simply nice. Investors are nonetheless digesting the information that Bob Iger will reprise his position because the chief government of Disney. The man retired for lower than a yr and he is already again, and beneath his watch, onlookers count on among the…
A crypto exec shares details of his phone calls with Sam Bankman-Fried days before FTX imploded
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Binance, crypto, cryptocurrency, ECB, Economy, ftx, Markets, Newsletter, OKX, Sam Bankman-Fried 0 Good morning to my favourite nook of the web. Senior reporter Phil Rosen right here. It’s good to see you. Today, we’re zooming in on the revealing calls that occurred simply before the autumn of FTX, between Sam Bankman-Fried and a rival exec. I caught up with that exec to listen to about Bankman-Fried’s eleventh-hour scramble for a billion-dollar deal. But before we get to…
A top economist breaks down why he’s forecasting a 50% chance of recession next year
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Economy, Finance, housing correction, Housing Market, Investing, Mark Zandi, Markets, Moody's Analytics, Newsletter, Stock Market 0 Good morning, crew. I’m Phil Rosen, reporting from New York. I’m further glad to see you right here immediately, as I’m sharing what I realized from speaking to 1 of the nation’s top economists. In a wide-ranging dialog, Moody’s Analytics’ Mark Zandi broke down his US recession forecast and the way a looming housing correction differs from 2008. Meanwhile, Twitter has locked its staff out…
A conversation with Shark Tank’s Kevin O’Leary on FTX, Sam Bankman-Fried, and crypto regulation.
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Bitcoin, crypto, Economy, Federal Reserve, ftx, Kevin O'Leary, Markets, Newsletter, Sam Bankman-Fried, Shark Tank 0 Happy hump day, readers. Phil Rosen right here. I’m nonetheless mulling over a conversation I had yesterday with Shark Tank’s “Mr. Wonderful,” Kevin O’Leary. Top of thoughts, inevitably, was final week’s implosion of FTX, as O’Leary was a spokesperson and investor with the alternate. It was our third conversation collectively, and O’Leary shared candid ideas on his FTX investments going to zero, in addition to…
Inflation is getting less hot – and the greatest-case scenario for stocks just played out.
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, crypto, Economy, Fed, ftx, Markets, Newsletter, Sam Bankman-Fried, Stock Market Outlook 0 Happy Friday to my favourite nook of the web. Senior reporter Phil Rosen right here one final time earlier than the weekend. If you did not examine your portfolios yesterday, take a peek now if you wish to really feel like Christmas got here early. The inventory market just had its greatest day of the yr. We can chalk that as much as the Thursday…
Binance just bought FTX. Here’s how rumors of insolvency and fears of contagion led Sam Bankman-Fried into a deal.
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Binance, cryptocurrency, Dealmaking, Economy, Fed, Federal Reserve, ftx, Markets, Newsletter, Sam Bankman-Fried, Wall Street 0 Good morning group, Phil Rosen right here. When I wakened yesterday, I might not have guessed that the day after a main US election (live updates here) I’d be main the e-newsletter with cryptocurrency — however the world of deal-making waits for nobody. Here’s the brief of it: The once-top-dog crypto agency, FTX, helmed by 30-year-old billionaire Sam Bankman-Fried, is being bought by Binance amid…
Midterms could be a ‘recreation changer’ for stocks – and experts see big upside for the S&P 500 this election...
Newsbreak 4 months ago in 10 things, 10 things opening bell, Around The World, Economy, FundStrat, Goldman Sachs, Markets, Midterms, Morgan Stanley, Newsletter, Stock Market Outlook 0 Good morning, readers. Senior reporter Phil Rosen right here, writing to you from Manhattan. It’s election day in the US, and numerous polls sign that cash is high of thoughts for voters. Americans for months now appear to only care about the economy. Inflation’s at a multi-decade excessive, housing prices are painful to have a look at, and costs at the pump stay stubbornly elevated. …
America is facing a dramatic diesel shortage that could get even worse
Newsbreak 5 months ago in 10 things, 10 things opening bell, Around The World, Bank of America, China, Diesel, Economy, Energy, Europe, Finance, Fuel, Halloween, Markets, Newsletter, Russia 0 Good morning markets individuals, I’m senior reporter Phil Rosen. If you are like me, breakfast this morning consists of the Halloween sweet you “forgot” to go away out for trick-or-treaters final evening. (Don’t fear, I will not inform anybody.) Or possibly, you loaded up forward of time so that you could meet the push and have leftovers. Econ 101, actually — when demand overruns provide,…
Wall Street is fed up with Meta – but Zuck’s full steam ahead with his massive metaverse wager.
Newsbreak 5 months ago in 10 things, 10 things opening bell, Around The World, big tech earnings, Earnings, Fed, Housing, Markets, Meta, Newsletter, Recession, Stock Market, Stock Market Outlook, Tech 0 Happy Friday, staff. I’m Phil Rosen. Yes, readers, it is true — after months of attempting to get out of the $44 billion deal, Elon Musk is officially Twitter’s new owner. But extra on that later. First, with Halloween across the nook, Big Tech’s seeing its personal model of spooky season. Its newest batch of company earnings have been sufficient to make Freddy Krueger quiver. …
Here’s why Goldman Sachs is warning about a stock market crash and recession.
Newsbreak 5 months ago in 10 things, 10 things opening bell, Around The World, Banking, David Solomon, Finance, GDP, Goldman Sachs, Inflation, Markets, Newsletter, Recession, Stock Market Outlook 0 Welcome back market watchers, Phil Rosen here. Dust off your dictionaries because today’s GDP release might reignite the recession debate that’s proved as semantic as it is economic. The year kicked off with back-to-back negative GDP readings, but the headline today should look more upbeat, with growth of 2.4% expected. But no matter what politicians may tell you (midterms are less than two weeks away),…
Housing is on the verge of a correction and Americans are feeling less and less upbeat about the economy
Newsbreak 5 months ago in 10 things, 10 things opening bell, Around The World, Economy, housing correction, Housing Market, Inflation, Investing, Markets, Newsletter, Recession 0 Happy hump day, readers. I’m Phil Rosen, writing to you from Manhattan. I haven’t seen any lions or tigers this week, but there’s no shortage of bears. And no wonder — the economy is giving Americans less and less reason for optimism. Let’s take it step-by-step. Inflation’s out of hand, so the Fed’s been forced to be extra aggressive with hiking interest rates. That makes…
Here’s how midterm elections could make or break the stock market
Newsbreak 5 months ago in 10 things, 10 things opening bell, Alibaba, Around The World, BlackRock, China, Goldman, Markets, Newsletter, Stock Market Outlook 0 It’s good to see you again, readers. Phil Rosen here. After three weeks in Europe, I’m happy to be back reporting from Manhattan, jetlag and all. Global markets haven’t exactly behaved themselves in my absence. So far this month, British bonds have stolen headlines by being as tame as toddlers on a trampoline (that is, not tame whatsoever), and the UK has just appointed its…