Hello, readers. I'm senior reporter Phil Rosen, writer of Insider's markets newsletter 10 Things Before the Opening Bell.
If you missed Jerome Powell's remarks from his first day on Capitol Hill yesterday, the TLDR is that more rate hikes are coming because the economy's still running hot.
Here's how Powell put it:
Hello there! Dan DeFrancesco in NYC, but I can't stop watching this video of a car ramming into a booth where two podcasters were recording (no one got seriously hurt). Check it out here.
Hey there readers. Phil Rosen here — writing to you from behind a cup of coffee that definitely feels more expensive than it was a year ago.
You don't need me to tell you inflation has stayed stubbornly high for a while now, despite the Federal Reserve's aggressive bid to cool it down.
In June, inflation reached a four-decade high, and while it's eased somewhat since then, everyday Americans are still feeling the heat.
Good morning, readers. I'm senior reporter Phil Rosen.
One of my favorite parts of this job is having conversations with folks in and around Wall Street.
People have varying views on the economy, politics, and pop culture, but as far as reading recommendations are concerned, a consistent pattern emerges.
Just about everyone advises going through Warren Buffett's annual letters to shareholders.
They date back more than 50 years, and taken together, the writing leaves you with a good grasp of Buffett's business philosophy.
Happy Saturday, readers. I'm Phil Rosen.
I'm eager to share today's conversation with a top strategist about changes to the current investing landscape — but first I have a question.
Who should I speak to next?
It's the end of the week as we know it, and I feel fine! Dan DeFrancesco in NYC, and after reading this story on flamingo personalities I think there is a real opportunity for a "Mean Girls" sequel focused on them.
Do you have an inner Elon? I'm Diamond Naga Siu, and please let me know whether you have one. I'm digging deep to feel the inner Elon that Salesforce CEO Marc Benioff apparently experiences.
Happy Friday, team. I'm Phil Rosen, writing to you from New York City. I have a favor to ask: Insider is seeking nominations for the top equity analysts under the age of 35.
Almost Friday! Dan DeFrancesco in NYC.
The results are in from yesterday's poll on Wall Street-adjacent TV shows, and "Succession" took the top spot with just shy of 50% of the votes. "Billions" came in a close second, while "Industry" clocked in at a distant third (shame on you all).
