A series of deadly attacks between Israel and Hamas forces rocked the Gaza Strip this past weekend. Tematica Research CIO Chris Versace joins Yahoo Finance Live to make sense of which industries are being hit the hardest after market-moving events. The Israel-Hamas conflict is “another layer of uncertainty that the market’s dealing with,” Versace says, listing off multiple labor strike movements, the economic narrative behind the Fed's next interest rate move, and upcoming CPI and PPI data prints as other market-moving events. “[There's] a lot of uncertainty coming into this week, but even more so as we start the week off,” Versace notes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A series of deadly attacks between Israel and Hamas forces rocked the Gaza Strip this past weekend. Tematica Research CIO Chris Versace joins Yahoo Finance Live to make sense of which industries are being hit the hardest after market-moving events.
The Israel-Hamas conflict is “another layer of uncertainty that the market’s dealing with,” Versace says, listing off multiple labor strike movements, the economic narrative behind the Fed's next interest rate move, and upcoming CPI and PPI data prints as other market-moving events. “[There's] a lot of uncertainty coming into this week, but even more so as we start the week off,” Versace notes.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Israel Minister of Strategic Affairs Ron Dermer discusses the surprise attack on Israel by Hamas on Saturday, the "working assumption" that Iran was involved in the attack, and says Israel will do "whatever we have to do" to send a message to all of Israel's enemies. He speaks on "Bloomberg Surveillance."
Last year was brutal for startups and the initial public offering (IPO) market, as the recessionary headwinds coupled with the rising interest rates dissuaded venture capitalists and investors alike. While investors cheered a surprising IPO market comeback with British chipmaker Arm Holdings' (NASDAQ:ARM) listing on the Nasdaq Stock Exchange and grocery delivery app Instacart's (NYSE:CART) debut on the New York Stock Exchange, both stocks wobbled soon after their listing. Arm stock plummeted by
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The safe-haven dollar rose on Monday against the euro and sterling as military clashes between Israel and the Palestinian Islamist group Hamas raised concerns the conflict could widen beyond Gaza. Israel's response to the unprecedented multi-pronged attack by Palestinian gunmen from the Gaza Strip will "change the Middle East," Prime Minister Benjamin Netanyahu said on Monday. Risk sentiment was fragile as Israel said it had called up an unprecedented 300,000 reservists and warned residents of parts of the Gaza Strip to leave, in the latest signs it could be planning a ground assault to defeat Hamas.
Hopes that oil supply might ease a bit next year, and inflationary pressures with it, are fading after Saturday’s shock attack on Israel. Neither Israel or Palestine are major oil producers, so there isn’t an immediate effect. At the start of this year, Iran was producing around 2.5 million barrels of oil a day, according to data from the International Energy Agency.
Even almost four decades later, it remains an event scarred into the memory of the financial markets. After a violent storm had ripped across the country, knocking down trees and shuttering roads, trading systems that still relied on brokers shouting at each other across open floors had closed early for the weekend as the damage was cleared up.
