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☆ An Arms Smugger, a Daring Heist, and the Birth of Israel
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. "It went against the grain to buck the same government we had fought to preserve only a few years before," Hank Greenspun recalled. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

Persons: Danny Schwimmer, They'd, Rina, Al —, David Ben, Gurion, Al Schwimmer, Schwimmer, Bugsy Siegel's, Meyer Lansky, Frank Sinatra, Sinatra, —, Boaz Dvir, Israel —, Danny, Al, I've, Hank Greenspun, Greenspun, Brian, Adolph, Dick Tracy, " Schwimmer, Wing Walker, America, Yehuda Arazi, Arazi, they'd, Schwimmer's, Sam Lewis, Leo Gardner, Milton, Milt, Rubenfeld, Paul Reubens, Herman, Reubens, Bugsy Siegel, Siegel, — Schwimmer, Nathan Liff, Liff, PhotoQuest, Bernarr McFadden, Pat, Ptacek, Rafael Trujillo, Teddy Kollek, Erwin Johnson, Bill Gerson, Gerson, Bud King, Gerson's, Ben, Joel Kimmel, Lewis, Lansky, hadn't, Tommy, Messerschmitts, David, Milt Rubenfeld, Israel, Charlie Winters, Winters, weren't, aren't, America's, Joseph McCarthy, John F, Kennedy, Brian Greenspun, Golda Meir, Bill Clinton Organizations: Israeli Air Force, TWA, Haganah, United Nations, Lockheed Air, Los Angeles Examiner, USC, Getty, US Naval, Schwimmer Aviation, FBI, UN, Customs Service, Palestine . Volunteers, Embassy, Israel, Service Airways, State Department, BI, Pepsi, Zionist, Nazi, Star, American, Avia, Messerschmitt, Pennsylvania State University who's, Las, Sun, Israel Aerospace Industries, IAI, they're, Israeli Locations: Tel Aviv, Israel, Connecticut, Palestine, New York, Copacabana, United States, Hungary, Auschwitz, storages, Arizona, Bridgeport, Rome, Burbank , California, Burbank, Las Vegas, Hawaii, Oahu, Santa Claus, California, Washington, Burbank ., Acapulco, Mexico, it's, Mexico City, Central, South America, Dominican Republic, China, America, Mexican, Panama, Panamanian, Corsica, Oklahoma, Detroit, Suriname, Brazil, Senegal, Casablanca, Sicily, Catania, Europe, Czechoslovakia, Czech, Egypt, Cairo, Los Angeles, American, Gaza, Iran

☆ 'America's greatest gift to Israel'
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

As the country's founder and first prime minister, David Ben-Gurion, once declared, "America's greatest gift to Israel was Al Schwimmer." Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

☆ Nvidia could be worth $6 trillion if it follows Cisco's dot-com trajectory, says Jeremy Siegel
▼ + stars: | 2024-03-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Nvidia stock could triple if it follows Cisco's path during the dot-com bubble, Jeremy Siegel said. AdvertisementNvidia could triple in value to become the world's first $6 trillion-plus company if it follows Cisco's trajectory during the dot-com bubble, Jeremy Siegel said. It's now worth $2.3 trillion, propelling it past Amazon and Alphabet and leaving only Microsoft ($3.1 trillion) and Apple ($2.7 trillion) ahead. "There could be 2-3x more upside in Nvidia if it follows Cisco's valuation path to its peak," Siegel said. Advertisement"Now we emphatically do not have 1999-2000 levels of speculation in the markets or tech," Siegel said.

Persons: Jeremy Siegel, Wharton, —, It's, Siegel, Wood Organizations: Apple, Microsoft, Service, Nvidia, Cisco, Federal Reserve Locations: —

☆ Potential red flags for the rally
▼ + stars: | 2024-02-09 | 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 EmailPotential red flags for the rallyThe Investment Committee debate Professor Jeremy Siegel's idea that the bull market doesn't depend on the Fed cutting rates soon.

Persons: Jeremy Siegel's

NEW YORK (AP) — Visitors to Boston this summer will get a treat: A stage show that reunites singer-actor Kristin Chenoweth with her “Wicked” songwriter Stephen Schwartz. Chenoweth will star as socialite Jacqueline “Jackie” Siegel in the live adaptation of the 2012 documentary film “The Queen of Versailles.” The musical will make its world premiere at Emerson Colonial Theatre from July 16-Aug. 18. They hope it can make it to Broadway after its Boston try-out. Academy Award-winning actor F. Murray Abraham will play Siegel's husband and other cast members include Melody Butiu and Nina White. The story is by Lindsey Ferrentino and direction is by Tony Award-winner Michael Arden, who helmed the hailed recent Broadway revival of “Parade.”

Persons: Kristin Chenoweth, Stephen Schwartz, Chenoweth, Jacqueline “ Jackie ” Siegel, of Versailles, ”, Siegel, David “, King ” Siegel, Glinda, Tony, Charlie Brown, F, Murray Abraham, Melody Butiu, Nina White, Lindsey Ferrentino, Michael Arden Organizations: —, Emerson Colonial Theatre, Broadway, Boston Locations: Boston, America, Orlando , Florida, of Versailles, France

NEW YORK (AP) — Lorrie Moore, Naomi Klein and the Egyptian writer Ahmed Naji are among the finalists for National Book Critics Circle awards. Honorary prizes are going to Judy Blume and to a longtime ally of Blume's in the fight against book bans, the American Library Association. On Thursday, the critics circle announced nominees in seven competitive categories, ranging from fiction to debut book to best translation. The other fiction nominees are Justin Torres' “Blackouts,” winner of the National Book Award last fall; Teju Cole's “Tremor,” Daniel Mason's “North Woods”; and Marie NDiaye's “Vengeance Is Mine,” translated from the French by Jordan Stump. The book critics circle, founded in 1974, consists of hundreds of reviewers and editors from around the country.

Persons: — Lorrie Moore, Naomi Klein, Ahmed Naji, Judy Blume, Blume's, Moore, “, Justin Torres, ” Daniel Mason's “, Marie NDiaye's, Jordan Stump, Grace E, Tina Post's, ” Nicholas Dames, ”, Myriam Gurba's, Naji, Katharine Halls, Matthew Zapruder's “, ” Susan Kiyo Ito's, David Mas, Patricia Wakida, Jonathan Coe's Martin Luther King, Gregg Hecimovich, Hannah Crafts, Anna, Rachel Shteir's, Betty Friedan, Jonny Steinberg's, Winnie, Nelson, Saskia Hamilton's “, ” Kim Hyesoon's, ” Romeo Oriogun's, Robyn Schiff's, Kareem Abdulrahman, Natascha Bruce, Dorothy Tse's ”, Don Mee, Kim Hyesoon's, ” Todd, ” Maureen Freely’s, Tiffany, Indonesian Norman Erikson Pasaribu's, John Leonard, Ariana Benson's, ” Emilie Boone's, ” Victor Heringer's “, ” Tahir Hamut Izgil's, Donovan X, Martin J, Siegel's, Blume, Becca Rothfield, Marion Winik Organizations: American Library Association, Rotten, PEN America, U.S, Washington Locations: Egypt, Indonesian

☆ 'Powell has to be on high alert': Wharton professor Jeremy Siegel says the Fed needs to consider rate cuts a lot sooner than the market thinks
▼ + stars: | 2023-11-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Wharton professor Jeremy Siegel said the Federal Reserve needs to consider interest rate cuts a lot sooner than expected. "I think Jay Powell has to be on high alert because we did get some weak data," Siegel said. AdvertisementAdvertisementWharton professor Jeremy Siegel said Monday that the Federal Reserve needs to stay flexible and consider interest rate cuts a lot sooner than the market expects. He ultimately expects the Fed's next interest rate move to be a cut rather than a hike, and it should come sometime in 2024. I think the next move is a cut and it might come even sooner than we think given the data," Siegel said.

Persons: Wharton, Jeremy Siegel, Jay Powell, Siegel, —, I'm, he's, Powell, It's, He's Organizations: Federal Reserve, CNBC, Service

☆ Jeremy Siegel says Treasurys crashed because everyone forgot they're a bad inflation hedge while stocks 'do beautifully'
▼ + stars: | 2023-10-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bond yields have surged as investors realize the asset is a bad inflation hedge, Jeremy Siegel told CNBC. Instead, stocks are a much better hedge and will perform "beautifully" against inflation, he added. "Bonds are great hedges against geopolitical risk, against financial crises, but they're very bad against inflation." AdvertisementAdvertisementThe bond market crash of recent weeks stems from the asset class' ineffectiveness against inflation, Wharton professor Jeremy Siegel told CNBC. Though Siegel sees inflation slowing down, he warned that growing federal deficits and other factors could bring back inflation to pandemic levels.

Persons: Jeremy Siegel, Bonds, —, Wharton, Siegel, that's, Howard Marks Organizations: CNBC, Service, Treasury, Oaktree Capital

☆ There's an underlying trend that's making the Fed's job easier, Wharton's Jeremy Siegel says
▼ + stars: | 2023-08-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

The U.S. economy could bring down inflation while avoiding a growth slowdown — thanks to a rise in productivity, according to Jeremy Siegel, professor of finance at the Wharton School of Business. "The last quarter was, outside of the few months around the pandemic, the best quarter for productivity in over six years," Siegel told CNBC's "Squawk Box" on Monday. Data from the U.S. Department of Labor showed that nonfarm business sector labor productivity rose 3.7% during the prior quarter, as output gained 2.4% and hours worked fell 1.3%. The Atlanta Federal Reserve's GDPNow tracker of incoming data is suggesting growth of 5.8% in the period of July through September. "That's how you can have strong GDP growth without pressure on the labor market, and really without pressure on inflation.

Persons: Jeremy Siegel, Siegel, CNBC's, Jay Powell, Jerome Powell Organizations: Wharton School of Business, U.S . Department of Labor, Atlanta Federal Locations: U.S

☆ How a TikTok video turned into a 6-figure book contract for a first-time author
▼ + stars: | 2023-08-10 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

Katie Siegel is the author of newly published mystery novel, "Charlotte Illes Is Not a Detective." Siegel didn't originally envision the story as a novel, but as a video series for TikTok. An editor at Kensington Books saw her videos, and Siegel ended up with a six-figure book deal. Katie Siegel didn't get onto TikTok thinking she'd get a book deal. "When it came up on my feed, I thought, 'This would be such a great mystery series,'" Plackis said.

Persons: Katie Siegel, Charlotte Illes, Siegel, Katie Siegel didn't, she'd, TikTok, Shannon Plackis, Plackis, perusing, Vida Engstrand, Siegel's, BookTok, Barnes, Noble, Michelle Schusterman, that's, preneurs, I've, creatives Organizations: Kensington Books, The New York Times Locations: Kensington, The

☆ A TikTok creator made a video that went viral. A few months later, she had a 6-figure contract for a mystery book series.
▼ + stars: | 2023-08-07 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

Katie Siegel is the author of newly published mystery novel, "Charlotte Illes Is Not a Detective." Siegel didn't originally envision the story as a novel, but as a video series for TikTok. An editor at Kensington Books saw her videos, and Siegel ended up with a six-figure book deal. "When it came up on my feed, I thought, 'This would be such a great mystery series,'" Plackis said. The two decided to work together on a proposal, and a few months later, Siegel had a six-figure, two-book contract with Kensington Books.

☆ CNBC Daily Open: The Fed paused rates — and the rally in markets
▼ + stars: | 2023-06-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Drew Angerer | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. And if inflation does indeed fall further, Powell suggested the Fed might deviate from its projections and keep rates steady. July's Federal Open Market Committee "will be a live meeting," because "a decision hasn't been made," Powell said. But even if the Fed doesn't hike in July, it's likely to hold rates steady for the rest of the year.

Persons: Jerome Powell, Drew Angerer, Gundlach, Wharton, Jeremy Siegel's, Powell, hasn't, there's, it's Organizations: Federal Reserve, Federal, Market, Getty, CNBC Locations: Washington ,

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel on market anxiety over Fed rate hikes
▼ + stars: | 2023-03-09 | 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 Wharton's Jeremy Siegel on market anxiety over Fed rate hikesJeremy Siegel, UPenn Wharton School of Business professor emeritus of finance, joins 'Squawk Box' to discuss Siegel's expectations for next week's Federal Reserve announcement, the data the Federal Reserve needs to monitor and more.

☆ Fed policy looks very misguided right now, says Wharton's Jeremy Siegel
▼ + stars: | 2023-03-09 | 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 EmailFed policy looks very misguided right now, says Wharton's Jeremy SiegelJeremy Siegel, UPenn Wharton School of Business professor emeritus of finance, joins 'Squawk Box' to discuss Siegel's expectations for next week's Federal Reserve announcement, the data the Federal Reserve needs to monitor and more.

☆ Wharton professor Jeremy Siegel says stocks are on the cusp of a new bull market
▼ + stars: | 2023-01-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Wharton professor Jeremy Siegel believes the stock market is on the cusp of a new bull market. Siegel thinks most of Wall Street is too bearish on stocks as they expect a big sell-off in the first half of 2023. "When everyone is on one side, they're usually wrong," Siegel told CNBC on Friday. Aside from the contrarian nature of Siegel's bullish market call, he does see other reasons for stocks to move higher this year. And even if a mild recession hits the economy, it could already be priced into the market given its steep decline in 2022, Siegel said.

☆ US stocks could surge 20% in the first 6 months of 2023 as the Fed wraps up its inflation fight, Wharton professor Jeremy Siegel says
▼ + stars: | 2022-12-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

US stocks could soar up to 20% in the first half of next year, Jeremy Siegel said. The Fed may cut interest rates to as low as 2% by the end of 2023, the Wharton professor said. Improved worker productivity might shore up company profits and buoy stocks, Siegel said. The Wharton finance professor and author of "Stocks for the Long Run" predicted the Fed will cut its benchmark interest rate to between 2% and 3% by the end of 2023. Improved productivity could support larger profit margins, and low real interest rates today by historical standards should underpin higher stock valuations, he continued.

☆ US inflation is history, unemployment may spike, and stocks could surge 15% next year, Jeremy Siegel says. Here are the Wharton professor's 12 best quotes from this week.
▼ + stars: | 2022-12-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Siegel suggested the stock market has bottomed already and could jump 15% next year. Moreover, he suggested the US stock market has already bottomed, and could surge as much as 15% next year. Here are Siegel's 12 best quotes this week, broken down by subject and lightly edited for length and clarity:Inflation1. "We really could see a rapid softening of of the labor market as they realize that they don't have to hoard labor anymore." Even a mild recession would not cause earnings to go down enough to cause a new low in the stock market."

☆ Wharton professor Jeremy Siegel outlines exactly how he sees the stock market, inflation, and the economy playing out in 2023. Here are the best 9 quotes from the interview.
▼ + stars: | 2022-12-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Jeremy Siegel is one of the few market pundits who expects stock market gains in 2023. Here are the nine best quotes from Siegel's interview tackling inflation, the economy, and the stock market. Yet unlike other stock market outlooks, his 2023 forecast is actually bullish and calls for upside of at least 20%. If that does happen, wow that's good for stocks, good for bonds and stocks... You know my feeling is you don't need more than this 50 basis points. Productivity is going to go up, that improves margins and that's good for profits."

☆ Wharton professor Jeremy Siegel says stocks are set for a big rally in 2023 as productivity rises and interest rates fall
▼ + stars: | 2022-12-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Jeremy Siegel expects a rising stock market in 2023 as interest rates finally reverse part of their 2022 gains. The Wharton professor has been critical of the Federal Reserve this year and believes the central bank is over tightening financial conditions via its recent streak of outsized interest rate hikes of 75 basis points. But Siegel has trouble believing that interest rates are going to rise any further in 2023, and instead expects them to fall. Falling interest rates are typically viewed as a tailwind for stock prices. And over the long-term, higher stock prices are highly correlated to higher corporate profits.

☆ Wharton professor Jeremy Siegel says the stock market will surge 20% in 2023 as the Fed acknowledges falling inflation
▼ + stars: | 2022-11-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Wharton professor Jeremy Siegel said the stock market is poised to surge 20% in 2023. Siegel's outlook is driven by his expectation that the Fed will acknowledge that inflation is falling. "I think basically 90% of our inflation is gone," he told CNBC in an interview on Monday. He expects the stock market to surge at least 15% and as much as 20% next year, which would send the S&P 500 back to 4,740 based on current levels, near record highs not seen since the start of this year. In regards to a recent note from Goldman Sachs that said the stock market will likely end flat in 2023, Siegel said, "I think they're being way too pessimistic...

☆ The stock market is poised for a significant year-end rally because 'inflation is basically over', Wharton professor Jeremy Siegel says
▼ + stars: | 2022-11-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Jeremy Siegel said "inflation is basically over" on Thursday after October's CPI report showed lower-than-expected inflation. Siegel said investors should expect a significant year-end rally in the stock market as investors recalibrate their Fed expectations. Siegel's confidence stems from the fact that when you exclude the Fed's use of lagging housing data, inflation would actually be negative. The CPI report showed prices rising 7.7% year-over-year, and up 0.4% on a monthly basis. 2023 won't be as bad as many think," Siegel said.

☆ Wharton professor Jeremy Siegel expects stocks to soar 30% in 2 years - and house prices to tumble 15% from their peak
▼ + stars: | 2022-11-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Jeremy Siegel expects US stocks to surge by 20% to 30% over the next two years. The Wharton professor sees interest rates dragging house prices down by 10% to 15% from their peak. Siegel warned the Fed risks causing a recession if it continues to aggressively hike rates. "I'm flabbergasted," Siegel said about the Fed scrambling to cool inflation based on lagging indicators such as rent increases. "What the market is so scared about is there seems to be no limit to their talk: 'Hike, hike, hike, hike, hike," he said.

☆ Wharton professor Jeremy Siegel warns the Fed is 'playing with fire' in its handling of the economy as liquidity falls dramatically, but he's still a buyer of stocks over bonds
▼ + stars: | 2022-10-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The Federal Reserve is "playing with fire" in its handling of the economy if it hikes rates by 75 basis points, according to Jeremy Siegel. Despite the ongoing risks from the Fed's aggressive interest rate hike policy, he still likes stocks over bonds. Siegel is not surprised, because companies were able to take advantage of years of low interest rates, as well as today's inflationary environment. And that sets stocks up for upside in the long-term, according to Siegel, who still prefers the asset class over bonds despite the recent surge in interest rates. "Why should I hold something that's 4% [interest rate] before inflation, that's not the greatest yield.

☆ Elon Musk has a new arch-enemy: the Fed
▼ + stars: | 2022-10-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Elon Musk blasted the Fed's rapid rate hikes after Tesla blamed a strong dollar for missing sales forecasts. A Fed reversal could boost Tesla's sales and profits, and lift the value of Musk's shares. "The Fed is raising rates more than they should," Musk said during the automaker's third-quarter earnings call on Wednesday. "The Fed is not listening, because they're looking at the rearview mirror instead of looking out the front windshield," Musk said on the call. Additionally, if the Fed start loosening its monetary policy, that type of economic stimulus would likely juice Tesla's vehicle sales.

☆ Wharton professor Jeremy Siegel warns the Fed will drive the economy into a depression if they wait for core inflation to fall back to 2%
▼ + stars: | 2022-10-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Not even September's stubbornly high CPI report could change Jeremy Siegel's view that the Fed needs to stop hiking interest rates. "If the Fed waits for the core to get down to 2% year-over-year, it will drive the economy into a depression," Siegel warned. "If the Fed waits for the core [inflation] to get down to 2% year-over-year, it will drive the economy into a depression," Siegel told CNBC on Thursday. Housing, which is almost 50% of the core rate, is the most distorted of all," Siegel explained. Now they're over correcting with interest rate hikes as inflation is high, but is leading indicators show signs it is falling.

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