Briefing

Global oil prices dropped by approximately 6% following news that Israel’s recent military action against Iran avoided targeting key energy facilities. The sudden shift in the geopolitical situation had initially sparked fears of potential disruptions to oil supplies, driving prices up as traders braced for a broader conflict that could impact the Persian Gulf’s critical energy … [Read more...] about Oil Prices Tumble as Energy Sites Remain Unscathed in Israeli Strike on Iran

Competitive bidding process saves about 2.7% of buyout costs as of September 30 SEATTLE, October 22, 2024 - Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity … [Read more...] about Milliman analysis: Competitive pension risk transfer costs increase from 100.8% to 101.7% during September

For the first time in nearly 50 years, U.S. port workers have gone on strike in a high-stakes standoff over wages, benefits, and job security. This rare move by a critical segment of the workforce could send a chill through the economy, with far-reaching effects on supply chains that are still recovering from the disruptions of recent years. These port workers are responsible … [Read more...] about U.S. Port Workers Strike for First Time in Nearly 50 Years, Threatening Supply Chains Ahead of 2024 Elections

In July, diamond prices experienced a notable decline, primarily influenced by sluggish retail sales and an oversupply situation in India. This downturn was further exacerbated by the seasonal summer slowdown that traditionally impacts sales negatively. The RapNet Diamond Index (RAPI™), which monitors round diamonds ranging from D to H in color and IF to VS2 in clarity, … [Read more...] about Sharp Decline in Diamond Prices Amid Slow Sales and Oversupply in July

The global oil market is experiencing significant fluctuations, with prices hovering at eight-month lows as concerns over a potential U.S. recession counterbalance rising tensions in the Middle East. Brent crude futures, a major benchmark for global oil prices, saw a slight decrease, inching down by 4 cents, or 0.1%, to $76.77 per barrel. Similarly, U.S. West Texas Intermediate … [Read more...] about Oil Prices Remain Low Amid U.S. Recession Fears and Middle East Tensions