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Wall Street Week: Powell Probe, Saudi Tourism, Israeli Tech, Ski Passes

Bloomberg Markets •
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Former New York Fed President Bill Dudley is set to discuss the Justice Department’s criminal investigation into Fed Chair Jay Powell. This probe examines Powell's communications with the media about monetary policy, a sensitive area for the central bank's independence. Dudley's perspective will likely address the potential political and regulatory fallout for the Fed.

Saudi Arabia is making a massive bet on tourism to diversify its economy beyond oil. The Kingdom aims to transform its global image through ambitious projects like NEOM. This shift is central to Vision 2030, though it faces challenges in building a sustainable industry from scratch.

Israel’s technology sector is navigating the aftermath of war, testing its resilience. The country’s startup economy, a key growth engine, must now balance innovation with national security concerns. Investors are watching how conflict impacts funding and the flow of international talent.

The skiing industry has been reshaped by the Epic and Ikon passes, which consolidated access across resorts. This model boosted skier visits but forced a trade-off between scale and the traditional resort experience. Both resorts and skiers are now weighing the costs of this consolidation.