Monthly Archives: September 2022

Weekly travel insurance rates: September 13 | Premiums continue to drop

As we inch toward fall, travel insurance rates continue to trend downward. The average premium is currently $263.83, according to travel agency Squaremouth. That’s down from $288.53 last week.  Travel insurance weekly rates at a glance:  Average premium: $263.83 Average trip cost: $5,729.56 Average trip length: 16 days Average cost of travel insurance by trip…

Putin ally falls into the sea, adding to list of mysterious deaths suffered by Russian energy bosses

Russian President Vladimir Putin. Contributor/Getty Images A top Russian executive has died falling from his boat near Vladivostok, local media reports. Ivan Pechorin has been described as an ally of Putin, who reportedly picked him for the role. Pechorin is the latest in a string of unexplained deaths among Russian bosses.  Another Russian energy boss…

Goldman Sachs investment bankers brace for heavy cuts as the firm gets set to wield the axe through its competitive assessment initiative.

Hi. I’m Aaron Weinman. Some — perhaps uncaffeinated? — Goldman Sachs bankers were taken aback by the New York Times’ report that said the Wall Street bank is preparing to conduct a sizable round of job cuts. “Not a great thing to hear from the Times,” one banker told me, adding that it was surprising…

Inflation fears are cooling, paving the way for a huge rally in stocks, Credit Suisse’s chief US strategist says

A group of traders. Getty/Scott Olson The market’s inflation expectations are dropping, Credit Suisse’s Jonathan Golub said. The Fed might conclude its rate hikes in the spring, sparking a huge rally in stocks, he said. Golub made a bullish call on stocks, citing attractive valuations and reasonable borrowing costs. Inflation fears are receding, paving the…

Melinda French Gates says she’s committed to working with ex-husband Bill Gates after they recently met to discuss their foundation’s new board

Melinda French Gates told Bloomberg she’s committed to working with her ex-husband Bill Gates. REUTERS/Kamil Zihnioglu/Pool Melinda French Gates told Bloomberg she was committed to working effectively with ex-husband Bill Gates. The pair met the Gates Foundations’ new board of trustees for the first time last week. The Gates Foundation said last year that Melinda…

The US is bracing for railroad strikes – but markets shouldn’t see that as a ‘black swan’ event, Goldman Sachs’ chief economist says

Striking freight railroad workers could cost the US economy $2 billion a day, according to government officials. Getty Images/Tim Boyle More than 90,000 freight railroad workers are preparing to strike for better pay and more time off. Officials have warned that the strikes could cost the US economy $2 billion a day. But the strikes…

Anthony Scaramucci says bear markets ‘suck,’ and Skybridge only took Sam-Bankman Fried’s deal because of its ‘mediocre’ performance

Anthony Scaramucci runs the investment company SkyBridge Capital. The Washington Post/Getty Images SkyBridge’s Anthony Scaramucci said bear markets “suck” as his hedge fund suffers amid a crypto winter.  He claimed that his fund’s ‘mediocre’ performance triggered his deal with Sam Bankman-Fried’s FTX.  SkyBridge is among firms Bankman-Fried has aided as the crypto market crumbles. Hedge…