Hollywood Actors Guild Vote to Authorize Strike Amid Ongoing Writers Strike
Hollywood's actor's guild, the SAG-AFTRA union, could be heading to the picket lines if a new deal isn't struck with major production studios. In similar fashion to Hollywood writers, nearly 98 percent of the union's 160,000 members voted to strike over better pay and assurances that artificial intelligence wouldn't impact their livelihoods.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
