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☆ Premarket stocks: Why the market is obsessed with unemployment
▼ + stars: | 2022-12-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Stocks plunged earlier this month after the closely watched November jobs report showed a resilient labor market. They fell again on Thursday when weekly numbers showed the number of Americans filing for unemployment benefits fell, indicating a still-tight labor market. “There’s an imbalance in the labor market between supply and demand,” he said, adding that it will take a “substantial period” to fix that imbalance. That path to the Fed’s 2% inflation target is through the jobs market. “There will be some softening in labor market conditions,” Powell said.

☆ Wages since the pandemic have not matched the increase in prices, says Jeremy Siegel
▼ + stars: | 2022-12-16 | 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 EmailWages since the pandemic have not matched the increase in prices, says Jeremy SiegelJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins 'Squawk on the Street' to discuss fears related to the Fed's monetary policy decisions, wages not matching inflation since the pandemic, and negative trends in the money supply as a deflation indicator.

☆ The Fed is tightening way too much, says Wharton's Jeremy Siegel
▼ + stars: | 2022-12-15 | 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 EmailThe Fed is tightening way too much, says Wharton's Jeremy SiegelJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to weigh in on the Federal Reserve's move to hike interest rates by 50 basis points.

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel on the Fed
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: 1 min

☆ Fed is 'way too tight' and will have to consider cutting rates in 2023, says Wharton's Jeremy Siegel
▼ + stars: | 2022-12-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

"I think they're going to be exactly wrong in the opposite direction," Siegel said on CNBC's " Squawk Box ." And now they're way too tight," he added. "Even though Chairman Powell said we're not even talking about lowering rates, you can be sure that next year they're going to be talking about lowering rates," Siegel said. The Wharton professor also criticized the Fed's approach to inflation data. ... We're getting 11 months of old data, and only one month of new data," Siegel said.

☆ Jeremy Siegel on what could happen if Fed keeps interest rates over 5%
▼ + stars: | 2022-12-15 | 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 EmailU.S. could be hit with 'large recession' if Fed keeps interest rates over 5% in 2023: Jeremy SiegelJeremy Siegel, professor of finance at Wharton School at the University of Pennsylvania, however, says the U.S. Federal Reserve has made "tremendous progress" in reducing inflation.

☆ Jeremy Siegel: If Fed stopped looking at stale housing data they'd realize inflation is over
▼ + stars: | 2022-12-13 | 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 EmailJeremy Siegel: If Fed stopped looking at stale housing data they'd realize inflation is overJeremy Siegel, Wharton School of Business professor, joins the 'Halftime Report' to discuss what he makes of today's CPI report, what will happen if the Federal Reserve continues to raise rates and more.

☆ Apple made China the backbone of its iPhone assembly. Shifting away could take years
▼ + stars: | 2022-12-09 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

For years, Apple has relied on a vast manufacturing network in China to mass produce the iPhone, iPad and other popular products found in households around the world. “Apple would not be the company that it is today without China as a manufacturing base,” said Eli Friedman, a professor at Cornell University whose research focuses on labor and development in China. Apple CEO Tim Cook, who helped build the company’s global supply chain, acknowledged the unique manufacturing strengths of China in one 2015 interview. Labor costs in China, while on the rise over the past decade, are also “artificially cheap because of political repression against labor organizers,” according to Friedman. Another key element to why Apple “is really reluctant to rock the boat with China is that China is also a massive market for Apple,” according to Wharton’s Allon.

☆ Sam Bankman-Fried was the poster boy for 'effective altruism.' Now, its followers are heartbroken and critics are questioning its 'weird' funding setup.
▼ + stars: | 2022-12-03 | by ( Grace Dean | ) www.businessinsider.com time to read: +8 min

Sam Bankman-Fried was a proponent of effective altruism: earning as much as possible to give your wealth away. He had a huge influence on the effective-altruism movement, which counts Silicon Valley tech workers and Oxford University academics among its fans. 'Devastated'Bankman-Fried was the main funder of Future Fund, a charitable project run by the FTX Foundation. "We joined the Future Fund to support incredible people and projects," they said, "and this outcome is heartbreaking to us." Science groups that had received money from the Future Fund told the magazine Science in mid-November that they were unsure of their funding's future.

☆ Web designer opposed to gay marriage at center of U.S. Supreme Court clash
▼ + stars: | 2022-12-02 | by ( Andrew Chung | ) www.reuters.com time to read: +7 min

[1/4] Web designer Lorie Smith, plaintiff in a Supreme Court case who objects to same-sex marriage, poses for a portrait at her office in Littleton, Colorado, U.S., November 28, 2022. She argues that Colorado anti-discrimination law violates free speech rights by forcing artists - including web designers - to express messages through their work that they oppose. The Supreme Court did not take up one aspect of her challenge to Colorado law based on religious rights also protected by the First Amendment. His legal battle with Colorado also reached the Supreme Court, which ruled narrowly in his favor in 2018. The state warned against endorsing Smith's view of free speech protections.

☆ Elon Musk wants paid subscribers to account for 50% of Twitter's revenue, but half of its users won't pay to use the site, data shows
▼ + stars: | 2022-11-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Elon Musk wants subscriptions to account for 50% of Twitter's total revenue. Many users say they won't pay for the service, however, according to a survey. Musk has said he wants subscriptions to account for 50% of Twitter's total revenue, according to a message by a VP on an internal company slack. The firm polled 2,063 US adults, 1,212 of which were Twitter users, from October 20 to October 28, the week Musk took over the company. The now-suspended Twitter Blue subscription had around 140,000 paying subscribers as of November 15, according to data published by The New York Times.

☆ Out with the new and in with the old: Why companies from Starbucks to Disney are bringing back their old CEOs to run the companies again
▼ + stars: | 2022-11-23 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

There are perhaps hundreds of qualified candidates for the job of Disney's CEO. After all, returning CEOs have mixed track records. Iger was Disney's CEO for 15 years — presumably, he won't need much onboarding. In the best-case scenario, the returning CEO has learned more in the time since leaving the post. Indeed, there's always the risk that a returning CEO leans too heavily on their former experience.

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel on inflation
▼ + stars: | 2022-11-21 | 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 inflationJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to break down his forecast for inflation and markets. "I think we could see a 15, and potentially a 20%, increase in equity prices in 2023," Wharton tells CNBC.

☆ Wharton's Jeremy Siegel explains why he thinks 90% of inflation is gone
▼ + stars: | 2022-11-21 | 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 EmailWharton's Jeremy Siegel explains why he thinks 90% of inflation is goneJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to break down his forecast for inflation and markets.

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel on the Fed, markets and more
▼ + stars: | 2022-11-15 | 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 the Fed, markets and moreJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to react to October's producer price index data. Siegel also breaks down his outlook for future interest rate hikes from the Federal Reserve and more. "They're probably going to go 50 basis points, but that should be the absolute pause," Siegel tells CNBC.

☆ The Fed could pause its interest rate hikes right now, says Wharton's Jeremy Siegel
▼ + stars: | 2022-11-15 | 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 EmailThe Fed could pause its interest rate hikes right now, says Wharton's Jeremy SiegelJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to react to October's producer price index data.

☆ Analysis: Silicon Valley's greatest minds misread pandemic demand. Now their employees are paying for it.
▼ + stars: | 2022-11-10 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +9 min

CNN Business —In the early months of the pandemic, Facebook only grew bigger and more central to our lives. On Wednesday, however, Zuckerberg reversed course and laid off more than 11,000 employees, marking the most significant cuts in the company’s history. In a memo to staff, Zuckerberg coughed up some of the hardest words in the English language. The Federal Reserve maintained near-zero interest rates at the time, giving tech companies easier access to capital. And private and public market valuations for tech companies only seemed to go higher.

☆ Meet Donald Trump's children with Ivana Trump, Marla Maples, and Melania Trump
▼ + stars: | 2022-11-09 | by ( Business Insider | Lloyd Lee | ) www.businessinsider.com time to read: +12 min

Donald Trump has five children between two of his former wives and his current wife Melania Trump. Donald Trump Jr., Eric Trump, and Ivanka Trump are children with his first wife, Ivana Trump, who died on July 14. Getty Images/Joe CorriganNow a father of five, Donald Trump Jr. was 12 when Ivana Trump and Donald Trump Sr. divorced. In 2001, a year after he graduated from college, Donald Trump Jr. went to work for his dad for the second time. He told New York magazine that Donald Trump Jr. is like his mentor and Ivanka Trump is like his second mother.

☆ Business school salaries revealed: Here's how much MBA graduates make post-graduation
▼ + stars: | 2022-11-08 | by ( Rachel Durose | Rebecca Knight | ) www.businessinsider.com time to read: +2 min

The best business programs in the country come with high price tags, even when offered virtually. Here are the latest salaries — including signing bonuses — of eight top business schools. Business school is an exciting prospect for ambitious professionals or aspiring entrepreneurs looking to level up their careers — and salaries. Those willing to pay the high cost of business school, are likely to earn equally high salaries post-graduation; making six-figures a year in industries such as financial services, consulting, investment banking, and technology. Insider used US News & World Report's list of best business schools for 2023 to rank the MBA programs.

☆ The Fed is looking at the wrong housing indicators, says Wharton's Jeremy Siegel
▼ + stars: | 2022-11-07 | 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 EmailThe Fed is looking at the wrong housing indicators, says Wharton's Jeremy SiegelJeremy Siegel, professor of finance at the Wharton School of Business, joins CNBC's 'Squawk Box' to react to the Federal Reserve's latest interest rate hike and what it means for markets.

Here's how you can get a grip on your personal finances before and during a recession. We do weird things in times of recession, like comfort-eating meatloaf and ice cream, according to food trend experts. We're also more prone to panicking and making mistakes with our money, personal finance experts and economists told Insider. "A recession sort of reveals problems that people may have, and not necessarily pay attention to much in the good times," he said. In good times, with interest rates low, your viewpoint can be obscured by the ease of getting credit, he said.

☆ Wharton, Berkeley, NYU Offering Online M.B.A.s for the First Time
▼ + stars: | 2022-11-02 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

Starting next year, executive M.B.A. students at the Wharton School of the University of Pennsylvania can earn the $223,500 degree from their living rooms. After years of resistance, some of the country’s top business schools are starting virtual M.B.A. programs that require only a few days of in-person instruction. Wharton and Georgetown University’s McDonough School of Business said they would include options for executive and part-time M.B.A. students to take most coursework online in 2023.

☆ A year after trading scandal, Fed is again under ethics spotlight
▼ + stars: | 2022-11-01 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

At the same time, an in-house Inspector General (IG) investigation into the regional Fed trading activities still hasn't been released and it's unclear when it will be. Unresolved in that process are publicly available disclosures for top staff at regional Fed banks. Right now, only disclosures for the Fed chief, members of the Fed's Board of Governors, top central bank staff and regional bank presidents are available. Given the quasi-private nature of the 12 regional Fed banks, there's no formal mechanism to compel those institutions to release this information. The Fed faced some criticism last year for failing to identify the financial trading activity that ensnared the regional bank presidents.

☆ The US is still ranked as the world's most powerful country, but most people think it's unsafe, survey finds
▼ + stars: | 2022-10-29 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

The US has again been ranked the world's most powerful country, per US News & World Report analysis. "It's really high in terms of economic influence, really high in terms of a strong military, and very highly politically influential," he added. "The most positive thing is a good job market – that contributes to the economy and quality of life," Reibstein said. As of October 20, there had been 546 mass shootings in the country, according to the gun violence charity Archive. In comparison with the US, 95% of respondents regarded Switzerland, which was named the best country in the world, as a safe nation.

☆ Here are the best ways to convince your boss to let you work from home forever
▼ + stars: | 2022-10-28 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +7 min

For the past two years, remote work has been in a state of will they or won't they. We asked Greenberg and other career experts about the best ways to convince your boss to let you work remotely. Make a strong business caseConvincing your boss to let you work remotely is like convincing them of anything else. "Oftentimes you're more productive and effective when you're working remotely because you're better able to focus," Reynolds said. Pitch remote work as an experimentLet your boss know you're willing to reevaluate and adjust your work circumstances as necessary.

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