On today's podcast:
(1) The US said it hit two facilities in eastern Syria it believes were used by Iran’s Islamic Revolutionary Guard Corps and other groups, in what it called “self-defense strikes”
(2) Iran’s foreign minister warned that the US won’t escape unaffected if the Hamas-Israel war turns into a broader conflict. The comments come as Israel said it sent troops on a limited raid into Gaza for the second night running, as preparations for a more extensive ground offensive continue.
(3) Treasury Secretary Janet Yellen said the surge in longer-term bond yields in recent months is a reflection of a strong US economy, not the jump in government borrowing driven by a widening fiscal deficit.
(4) Ernst & Young partners in the UK saw their share of profits drop for the first time in three years as the Big Four audit firms face economic uncertainty. Partners at the accounting firm’s UK arm pocketed an average of £761,000 ($923,000) last year, compared with £803,000 the year before. The firm also cut its pay rise and bonus pool by about 30% to £155 million.
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