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☆ Billionaire Columbia donor Leon Cooperman slams student protesters
▼ + stars: | 2024-04-23 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Leon Cooperman, a billionaire Columbia donor, weighed in on the crisis on the university's campus. Unlike the megadonor Robert Kraft, Cooperman said he's not pulling his donations. AdvertisementThe Wall Street titan Leon Cooperman is the latest billionaire to weigh in on student protests over Israel's war in Gaza. But unlike the megadonor Robert Kraft, Cooperman said he'd continue to give to Columbia even as he trashed student demonstrators. Kraft said he'd continue to support the school's Kraft Center for Jewish Student Life, which is named after him.

Persons: Leon Cooperman, Robert Kraft, Cooperman, he's, —, he'd, Israel, Turkey —, Nemat, Shafik, Peace —, Goldman Sachs, Kraft, megadonors, Marc Rowan, Lauder, Ronald Lauder, Les Wexner, Claudine Gay, Liz Magill Organizations: Service, CNBC, Columbia University, Columbia, Hamas, Capitol, — Columbia, Apartheid, Columbia Students, Justice, Jewish, Peace, New York City Police Department, Barnard College, Columbia Business School, Hunter College, Kraft, Patriots, school's Kraft Center for Jewish, Cooperman, Yale, New York University, Harvard, University of Pennsylvania Locations: Columbia, Gaza, Cooperman, Bronx, Israel, United States, Cyprus, Jordan, Turkey, Palestine

☆ Leon Cooperman says roughly 15% of his family office assets are in energy stocks
▼ + stars: | 2024-04-23 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Billionaire investor Leon Cooperman said he is significantly invested in energy stocks, citing the rise in oil prices given the Middle East conflict. The chair and CEO of the Omega Family Office said roughly 15% of his family office assets are in energy, at a time when oil prices have been spiking and weighing on the broader equity market. Cooperman has favored energy stocks in the past. The S & P 500 energy sector advanced more than 47% that year. Energy prices have recently come off their highs after Iran and Israel signaled they are not interested in a wider conflict.

Persons: Leon Cooperman, Cooperman, CNBC's, —, Yun Li, Spencer Kimball Organizations: Omega Family Office, West Texas Locations: Iran, Israel

☆ Billionaire investor Leon Cooperman: We're heading into a financial crisis in this country
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Leon Cooperman: We're heading into a financial crisis in this countryLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the state of the economy, ongoing federal deficit problem, the Fed's inflation fight, top stock picks, ongoing protests on college campuses over the Israel-Hamas war, rise of antisemitism, and more.

Persons: Leon Cooperman Organizations: Billionaire, Omega Family Locations: Israel

☆ The US is headed for a financial crisis because of soaring national debt, billionaire investor Leon Cooperman says
▼ + stars: | 2024-04-23 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

The US debt is pushing the country toward a financial crisis, Leon Cooperman said. He criticized the Fed for its abrupt monetary policy shift after keeping rates low for over a decade. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMounting national debt is pushing the US toward a financial crisis, billionaire investor Leon Cooperman said this week. "Deficits matter, and I think we're headed into a financial crisis in this country."

Persons: Leon Cooperman, He's, —, Simpson, Barack Obama, Cooperman Organizations: Fed, Service, Omega Family, Commission, Business, CNBC, Federal

☆ Watch CNBC’s full interview with Omega Family Office chairman and CEO Leon Cooperman
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Omega Family Office chairman and CEO Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the state of the economy, ongoing federal deficit problem, the Fed's inflation fight, top stock picks, ongoing protests on college campuses over the Israel-Hamas war, rise of antisemitism, and more.

Persons: Leon Cooperman Leon Cooperman Organizations: Omega Family Locations: Israel

Charly Triballeau | AFP | Getty ImagesBillionaire donors like Robert Kraft and Leon Cooperman are weighing their support for Columbia University amid rising campus tensions over pro-Palestinian protests. "Columbia is grateful to Mr. Kraft for his years of generosity and service to Columbia," a Columbia spokesperson said in a statement to CNBC. Cooperman and Kraft so far, represent a minority of wealthy Columbia University donors who are speaking out on the protests. CNBC reached out to half a dozen foundations listed by Columbia University as having given at least $1 million to the school since 2014. Students protest in support of Palestinians on Columbia University campus, as protests continue inside and outside the university, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York City, U.S., April 22, 2024.

Persons: Bruce A Blakeman, Charly Triballeau, Robert Kraft, Leon Cooperman, Kraft, Nemat, Shafik, Roger Goodell, Austin McAfee, Cooperman, James Gorman, Morgan Stanley, David Greenspan, Leon Cooperman Scott Mlyn, University President Shafik, Caitlin Ochs Organizations: Nassau, Columbia University, AFP, Getty, Columbia, New England Patriots, Georgia World, Center, Kraft Group, Foundation, Combat, Kraft Center for Jewish, The Kraft Group, CNBC, Omega Family, Columbia Business School, Slate, CNBC Columbia Students, Justice, New York Police, NYPD, University President, Students, Columbia University campus, Hamas Locations: New York, Columbia, Gaza, Atlanta, Palestine, Israel, Palestinian, New York City, U.S

☆ Leon Cooperman thinks investors may be too optimistic this year. Here's where he bought and sold in Q4
▼ + stars: | 2024-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman has warned market participants to expect stocks to struggle as long-term Treasury yields rise or remain elevated. Despite those concerns, Cooperman snapped up shares of many lesser-known stocks in the fourth quarter, according to regulatory fillings. Despite the soccer club's stock rising 3% in the fourth quarter, shares still ended 2023 down more than 12%. Shares have climbed more than 3% so far in the new year, making up some ground after sliding in the fourth quarter and 2023 as a whole. Cooperman, who spent a quarter century at Goldman Sachs before founding Omega, also made smaller additions to several holdings.

Persons: Leon Cooperman, Cooperman, Goldman Sachs, —, Yun Li Organizations: Omega, Federal Reserve, Manchester United, Fidelis Insurance, Las Vegas Sands, Elevance Health, Bank of America, Citigroup, Ellington Financial Locations: Las Vegas, Bank

☆ The biggest winners and losers from the new sports streaming service
▼ + stars: | 2024-02-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. ESPN, Warner Bros., and Fox announced plans this week for a new sports streaming service set to launch this fall . That could put an end to cable TV as we know it , Nathan McAlone, Business Insider's deputy media editor, writes. Ashley Rodriguez, BI's media editor, has a breakdown of the six biggest questions about this new sports streamer . Games on YouTubeTV, for example, are noticeably delayed compared to cable TV broadcasts .

Persons: —, Katie Notopoulos, David Jensen, Nathan McAlone, it's, Ashley Rodriguez, Peter Kafka, BI's, Peter, Nathan, Ashley —, We've, Ashley, Fox, Rick Wilking, Reuters Leon Cooperman, Marc Rubinstein, Yi Huiman, Xi Jinping, Jordan Hart, It's, Justin Metz, Blackstone, Bob Iger, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ESPN, Warner Bros, Fox, ESPN2, ABC, FOX, Peter : Media, Nathan, Warner Bros ., NFL, Cable, Comcast, Paramount, Reuters, Signature Bank, New York Community Bancorp, Securities, Commission, that's, Apple Vision, Microsoft, BI, of Foreign Labor, Apollo, KKR, Bain Capital, Disney, Epic Games, ConocoPhillips, US Locations: New, China, Beijing, New York, London

☆ Three stocks stocks that could replace Tesla in the Magnificent 7
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Now some on Wall Street believe Tesla no longer deserves to be among the coveted " Magnificent 7 ," and are suggesting alternatives that could replace Elon Musk's company. "The Magnificent 7 now looks more like the Magnificent 6 as Tesla falls from the crowd," billionaire investor Leon Cooperman , CEO of the Omega Family Office, said on CNBC's " Squawk Box " Tuesday. Meanwhile, there are now 29 companies that contributed more to S & P 500 earnings than Tesla, according to Strategas Securities. The research firm identified three companies with both market cap weighting and earnings contributions (for the next 12 months) larger than Tesla — Berkshire Hathaway , Broadcom and Eli Lilly . "Berkshire spent last year fliting with the top seven, but Broadcom and Lilly have steadily gained share," Strategas said in a note.

Persons: Tesla, Elon, Leon Cooperman, Berkshire, Eli Lilly, Lilly, Strategas, Warren, Eli Lilly's, — CNBC's Michael Bloom Organizations: Elon Musk's, Omega, Strategas Securities, Berkshire Hathaway, Broadcom, Berkshire, JPMorgan Locations: Warren Buffett's Berkshire

☆ Billionaire investor Leon Cooperman on Biden-Trump rematch: One's bad, the other one's worse
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Leon Cooperman on Biden-Trump rematch: One's bad, the other one's worseLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, state of the economy, antisemitism on campus, 2024 race, Elon Musk, and more.

Persons: Leon Cooperman, Elon Musk Organizations: Billionaire, Biden, Trump, Omega Family

☆ Leon Cooperman says he will not vote for Trump or Biden
▼ + stars: | 2024-02-06 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman said Tuesday that he would not vote for President Joe Biden or former President Donald Trump in a hypothetical November rematch. I don't know who's bad, I don't know who's worse," Cooperman said on CNBC's Squawk Box. Cooperman, the chair and CEO of the Omega Family office, has mostly backed Republicans in the past, but says he supported Biden in 2020 as a vote against Trump. Biden's campaign began the year with about $46 million in cash, according to FEC filings, more than the $33 million that Trump's campaign had. The poll also found Trump beating Biden 47% to 42% in a hypothetical 2024 rematch.

Persons: Leon Cooperman, Joe Biden, Donald Trump, Cooperman, Biden, he's, He's, Mitt, Trump, Chris Christie, Democratic Sen, Joe Manchin, Republican Sen, Rick Scott, Jeb Bush's, Hillary Clinton's, Biden's Organizations: Omega, Trump, New, New Jersey Gov, Democratic, Republican, Florida Gov, Sunday NBC, Biden Locations: Mitt Romney's, New Jersey

☆ Leon Cooperman says 'too rich' stocks to go down, and long-term rates could go higher this year
▼ + stars: | 2024-02-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman forecasts that the stock market and its hefty valuations could see losses this year, while long-duration Treasury yields could test higher again. Forget the six times that the market was discounting, but I think the long end will go up," Cooperman said. Cooperman pointed out that the S & P 500 is now trading at 21 times forward earnings, which seems unsustainable. Not a buyer of bonds Another factor that could drive long rates higher is the burgeoning U.S. fiscal deficits, Cooperman added. "I think we're going to have inflation," Cooperman said.

Persons: Leon, Cooperman, Jerome Powell, Powell, Paul Tudor Jones, he's Organizations: Omega Family Office, Reserve, CBS Locations: U.S

☆ Watch CNBC's full interview with Omega Family Office chairman and CEO Leon Cooperman
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Omega Family Office chairman and CEO Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, state of the economy, antisemitism on campus, 2024 race, Elon Musk, and more.

Persons: Leon Cooperman Leon Cooperman, Elon Musk Organizations: Omega Family

☆ Leon Cooperman: A lot of value in certain sectors of the market, but one should have a cautious view
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLeon Cooperman: A lot of value in certain sectors of the market, but one should have a cautious viewLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, state of the economy, antisemitism on campus, 2024 race, Elon Musk, and more.

Persons: Leon Cooperman, Elon Musk Organizations: Omega Family

☆ Leon Cooperman remains one of the best-known and most prolific stock pickers
▼ + stars: | 2023-12-27 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Longtime investor Leon Cooperman racked up market-beating returns before closing his hedge fund, and he still remains one of the most influential voices on Wall Street and a prolific stock picker. Cooperman converted his New York hedge fund, Omega Advisors, into a family office in 2018 to manage only his personal wealth. Cooperman recently said he still owns some of his favorite players in the sector, including Canadian companies Tourmaline Oil and Paramount Resources . In 2016, Cooperman and his hedge fund were charged with insider trading in Atlas Pipeline Partners by the U.S. Securities and Exchange Commission. Cooperman, who called the case "extraordinarily abusive," later agreed to a $4.9 million settlement but admitted no wrongdoing.

Persons: Leon Cooperman, Cooperman, bullish Organizations: Omega Advisors, Wall Street, CNBC, Oil, Paramount Resources, Atlas Pipeline Partners, U.S . Securities, Exchange Commission Locations: York

☆ Harvard, Penn and MIT presidents to testify before Congress on antisemitism
▼ + stars: | 2023-11-28 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The presidents of Harvard University, MIT and the University of Pennsylvania are scheduled to testify before Congress next week at a hearing on antisemitism on campus, lawmakers announced Tuesday. “College and university presidents have a responsibility to foster and uphold a safe learning environment for their students and staff. Now is not a time for indecision or milquetoast statements.”According to the House committee, the hearing will include testimony from Harvard President Claudine Gay, MIT President Sally Kornbluth and Penn President Liz Magill. “President Gay looks forward to sharing updates and information on the university’s work to support the Harvard community and combat antisemitism,” Harvard spokesperson Jason Newton said in a statement to CNN. Last weekend three Palestinian college students were shot in Burlington, Vermont.

Persons: Virginia Foxx, ” Foxx, Claudine Gay, Sally Kornbluth, Liz Magill, Gay, ”, Jason Newton, “, Magill, Penn, ” Penn, Steve Silverman, Marc Rowan, Dick Wolf, Jon Huntsman, Leon Cooperman, Israel, Nir Barkat Organizations: New, New York CNN, Harvard University, MIT, University of Pennsylvania, Education, Israel, Republican Rep, “, “ College, Penn, Harvard, CNN, Columbia, Ivy League, of Education, Cornell University , Columbia Locations: New York, Israel, Burlington , Vermont

☆ Leon Cooperman says it's a stock picker's market. Here are his new favorite bets
▼ + stars: | 2023-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Leon Cooperman thinks that it's a stock picker's market and only individual names will offer value for investors as the overall market struggles. Cooperman became overweight the energy sector about two years ago when the group was still unloved. On the broader market, Cooperman recently said investors might not see a new high for a long time, partly because of the risk of a fiscal crisis. "Ultimately, we will have a crisis in public sector finance, and the market is not discounting a crisis. He said he would be very surprised if the S & P 500 climbs above 4,600 anytime this year.

Persons: Leon Cooperman, Cooperman Organizations: Omega Advisors, Devon Energy, Ashland Global Holdings, Cooper Group, Lithia Motors, Apollo Global Management

☆ First-grade teachers in LA suspended and now under investigation after giving students a lesson about the 'genocide in Palestine'
▼ + stars: | 2023-11-12 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

California teachers suspended after giving first graders a lesson on "genocide in Palestine." Citizens of the World Charter School hosts its classes at a local synagogue. AdvertisementAdvertisementA charter school in Los Angeles with classes inside a Jewish synagogue is investigating two teachers who posted online about giving lessons to first graders on the "genocide in Palestine." "After the lesson, one of the teachers proudly shared on Instagram, and I quote, 'LOL but I did a lesson on the genocide in Palestine today w my first graders,'" Schuldenfrei said. Hedge fund billionaire Bill Ackman, meanwhile, has pressured Harvard to suspend students for both antisemitic and pro-Palestinian actions on campus.

Persons: —, Melissa Kaplan, Adat Ari El, Brian Schuldenfrei, Schuldenfrei, Hye, Clifford Asness, megadonors, Leon Cooperman, Cooperman's, Bill Ackman Organizations: World Charter School, Service, World Charter, KTLA, Los Angeles Times, The Times, Hamas, Palestinian Health Ministry, University of Pennsylvania, Omega, Columbia University, Columbia, Harvard Locations: California, Palestine, Los Angeles, Israel, United States, Gaza

☆ Wall Street titans help to fuel Ivy League donor revolt
▼ + stars: | 2023-11-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Billionaire Marc Rowan has been in touch with what one finance executive quipped was "half of Wall Street" about halting donations to some of the country's most prestigious universities, to protest the schools' responses to the Israel-Hamas war. The CEO of private equity giant Apollo Global Management belongs to a growing group of Wall Street executives speaking privately with fellow financiers about how to use their influence as major donors to pressure schools into making leadership changes. Rowan took part in a Zoom call Oct. 23 with dozens of wealthy donors to other Ivy League schools, including Yale University and Harvard University, according to those familiar with the call. One of the things they discussed was pausing their financial support for the schools, these people explained. Rowan was one of the final speakers on the call, where he raised his own issues about the school, this person explained.

Persons: Marc Rowan, Rowan, Bill Ackman, Ackman, David Magerman, Leon Cooperman Organizations: Apollo Global Management, Wall Street, Ivy League, Yale University, Harvard University, Penn Locations: Israel

☆ Hedge fund billionaire Leon Cooperman, in rare public rebuke of a Republican candidate, says Trump ‘belongs in jail’
▼ + stars: | 2023-10-30 | by ( Lisa Emmanuel | Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Leon Cooperman, the hedge fund billionaire who has famously clashed with Sen. Elizabeth Warren over her proposed wealth tax, is cautioning voters against returning Donald Trump to the White House. “It would be terrible for the country if Donald Trump were reelected,” Cooperman told CNN in a phone interview late last week. “He’s a divisive human being who belongs in jail.”It’s rare for a Wall Street figure to make such critical comments about Trump, at least publicly. The Biden campaign did not respond to a request for comment. Given the ongoing risks, Cooperman argued the stock market is overvalued relative to corporate profits.

Persons: New York CNN — Leon Cooperman, Sen, Elizabeth Warren, Donald Trump, ” Cooperman, “, Warren, Joe Biden, CNN he’s, Trump, Biden, Cooperman, ”, Republican Chris Christie’s, Steven Cheung, he’s, ” Cheung Organizations: New, New York CNN, CNN, Trump, Biden, Republican, Omega Advisors, Bank Locations: New York, Washington

☆ Elon Musk, Jamie Dimon, and Ray Dalio just issued fresh warnings about the US economy. Here's what 10 experts recently said about recession risks.
▼ + stars: | 2023-10-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Elon Musk, Jamie Dimon, and Ray Dalio all have serious concerns about the US economic outlook. Leon Cooperman, David Solomon, and David Rosenberg have also predicted trouble in recent days. AdvertisementAdvertisementJamie Dimon, Elon Musk, and Ray Dalio are just some of the high-profile commentators who've raised the alarm on the economic outlook in recent days. Elon Musk, CEO of Tesla"I think there's still quite a few shoes to drop on the bad credit situation. David Rosenberg, president of Rosenberg Research"I am willing to acknowledge that the recession has been delayed.

Persons: Elon Musk, Jamie Dimon, Ray Dalio, Leon Cooperman, David Solomon, David Rosenberg, —, who've, Jeremy Grantham, Tesla, I'm, Rosenberg, We've, Goldman Sachs, there's, we've, Larry Fink, Fink, Stephen Schwarzman, Blackstone, we'll, Harley Bassman Organizations: Service, JPMorgan, Omega, Bridgewater Associates Locations: Israel, Ukraine, China

☆ Hedge fund billionaire Leon Cooperman: Students protesting Israel have ‘sh*t for brains’
▼ + stars: | 2023-10-27 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Hedge fund billionaire Leon Cooperman is blasting college students for protesting against Israel, joining a growing list of powerful university donors to speak out on the issue. “These kids in college have sh*t for brains,” Cooperman told CNN in a phone interview. Earlier this month, a Columbia University student who was hanging up posters in support of Israel was assaulted. Samantha Slater, a Columbia University spokesperson, declined to comment on whether the university plans to take disciplinary action against Massad. “Columbia is grateful to Mr. Cooperman for his years of generosity and service to Columbia Business School,” Slater said in a statement to CNN.

Persons: Leon Cooperman, ” Cooperman, “, “ It’s, I’m, ”, Cooperman, Israel, he’s, ” Joseph Massad, Samantha Slater, ” Slater, It’s, ’ they’re, CNN’s Reid Champlin Organizations: New, New York CNN —, Israel, CNN, Hamas, Fox Business, Columbia University, Ivy League, Columbia, Massad, Columbia Business School Locations: New York, Israel, United States, Bronx, Columbia, “, ”

☆ Billionaire who gave $25m+ to Columbia says students are stupid for not supporting Israel, threatens to stop donating
▼ + stars: | 2023-10-26 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A billionaire Columbia grad said college students have "shit for brains" for not supporting Israel. AdvertisementAdvertisementA billionaire who gave more than $25 million to Columbia University said students had "shit for brains" for not supporting Israel, and he may have to donate elsewhere unless he sees a "change.'" Leon Cooperman, the chairman and CEO of Omega Advisors and a 1967 graduate of Columbia Business School, made the comments during an appearance on "The Claman Countdown" on Fox Business on Wednesday afternoon. He was primarily referring to a walkout at Columbia University on Wednesday, where students stepped out of their classes to support Palestinians amid worsening violence in Gaza. AdvertisementAdvertisementThe hedge fund boss said he has given "probably about $50 million over many years" to Columbia University.

Persons: —, Leon Cooperman, Cooperman, Joseph Massad Organizations: Columbia, Service, Columbia University, Omega Advisors, Columbia Business School, Fox Business, Wednesday, Modern, Hamas Locations: Israel, Columbia, Gaza

☆ Billionaire investor Leon Cooperman warns of sticky inflation and looming recession - and flags the threat of financial disaster
▼ + stars: | 2023-10-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Leon Cooperman warned of sticky inflation, higher interest rates, and a potential recession. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementShort-sighted officials have paved the way for stubborn inflation, steeper interest rates, and a full-blown recession, Leon Cooperman told Insider in an interview this week. As prices continue to jump, Cooperman suggested interest rates — which the Fed has raised from virtually zero to above 5% during the last 18 months — could rise further.

Persons: Leon Cooperman, Cooperman, —, Goldman Sachs, that's, frugally, We've Organizations: Service, Reserve, Omega Advisors, Yankee, Hyundai, Treasury Locations: Bronx, Washington

☆ Insider Today: You should buy a house now
▼ + stars: | 2023-10-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementIn today's big story, we're looking at why it's a good time to buy a house. RichLegg/Getty ImagesIt's a pretty terrible time to buy a house these days, which is why it's a good time to buy a house. AdvertisementAdvertisementInsider's Jennifer Sor detailed why it's a good time to buy a house. Part of the issue is that mortgage rates won't magically drop overnight. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: OpenAI's Sam Altman, Jennifer Sor, Jacob Zinkula, they're, that's, Gen Zers, who's, it's, Doug Haynes, Haynes, Steve Cohen's Point72, Leon Cooperman isn't, Arantza Pena Popo, carmakers, EVs, Tyler Le, Satya Nadella, Mathias Döpfner, Axel Springer, Jensen Huang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: FBI, RichLegg, Norias Research, Investments, Ameriprise, Insurance, Microsoft, Activision Blizzard, Nvidia, ZTE Corp, Philips, NBA Locations: West Palm Beach, Fla, Tokyo, Oklahoma City, New York City, San Diego, London, New York

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