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☆ 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

☆ Billionaire investor Leon Cooperman says the S&P 500 won't hit a new high for years – and house prices will probably fall
▼ + stars: | 2023-10-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The billionaire investor said he didn't expect the S&P 500 to hit a fresh high for a long time. Cooperman said a "rolling correction" was underway and house prices were likely to drop. AdvertisementAdvertisementLeon Cooperman said stocks were overpriced, and the S&P 500 wouldn't notch a fresh high for a very long time. AdvertisementAdvertisementA handful of Big Tech names, including Tesla, Nvidia, and Microsoft, have pulled the major indexes higher this year, but excluding the so-called Magnificent Seven, stocks are virtually flat. He said in February that the S&P 500 was likely to bottom around 3,100 points, or 35% below its January 2022 peak.

Persons: Leon Cooperman, Cooperman, —, Jeremy Grantham, John Hussman, Goldman Sachs, Tesla Organizations: Service, Omega Advisors, Big Tech, Nvidia, Microsoft, Wall, Finance, Philanthropy Locations: Bronx

☆ Leon Cooperman expects very little from the market and is only interested in individual stocks
▼ + stars: | 2023-10-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Leon Cooperman at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Billionaire investor Leon Cooperman said he remains a bear with little interest in the broader stock market, partly because it's underestimating the risk of a fiscal crisis. "I'm of the view that we borrow from the future with very profligate fiscal policy," Cooperman said at CNBC's Financial Advisor Summit. "Ultimately, we will have a crisis in public sector finance, and the market is not discounting a crisis. Given his long-term pessimism, Cooperman isn't buying the stock market benchmarks.

Persons: Leon Cooperman, it's, Cooperman Organizations: Alpha, Billionaire, CNBC's Financial, Omega Family Office, U.S . Locations: New York, U.S

☆ The Omega Man: Leon Cooperman and the Market Outlook
▼ + stars: | 2023-10-12 | by ( Becky Quick | ) 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 Omega Man: Leon Cooperman and the Market OutlookLegendary investor Leon Cooperman returns to FA Summit with his thoughts on current interest rates, the slowing economy, the 2024 elections and why capitalism is always good.

Persons: Leon Cooperman Organizations: Market, Summit

WEST MILFORD, N.J. (AP) — Five people were transported to hospitals after an explosion at a New Jersey home on Friday night, police said. The house in West Milford was heavily damaged by the explosion around 9 p.m., the West Milford Police Department said in a statement. West Milford Deputy Fire Chief Rich Poplaski said the structure collapsed as a result of an "unknown cause,” northjersey.com reported. Political Cartoons View All 1176 ImagesPolice said the victims were transported by helicopter, including two to Morristown Medical Center, one to St. Joseph’s University Medical Center in Paterson, New Jersey, one to Cooperman Barnabas Medical Center in Livingston, New Jersey, and one to Hackensack University Medical Center in Hackensack, New Jersey. The explosion is under investigation by West Milford detectives and the fire marshal's offices from the town and state, police said.

Persons: Rich Poplaski, ” northjersey.com, West Organizations: West, West Milford Police Department, West Milford Deputy Fire, Police, Morristown Medical Center, Joseph’s University Medical Center, Barnabas Medical Center, Hackensack University Medical, West Milford Locations: MILFORD, N.J, New Jersey, West Milford, Morristown , New Jersey, New York City, St, Paterson , New Jersey, Livingston , New Jersey, Hackensack , New Jersey

☆ Janet Yellen says she's 'feeling very good' about a soft landing, joining Paul Krugman and Larry Summers in cheering on the US economy
▼ + stars: | 2023-09-12 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Treasury Secretary Janet Yellen says she's "feeling very good" about chances of a US soft landing. "I think you'd have to say we're on a path that looks exactly like that," she said, per Bloomberg. Yellen joins Paul Krugman and Larry Summers in suggesting the US will avoid a recession. "I am feeling very good about that prediction," Yellen said on her way home from the G20 summit held in New Delhi, per Bloomberg. "I think you'd have to say we're on a path that looks exactly like that," she said, referring to hopes of a soft landing.

Persons: Janet Yellen, Yellen, Paul Krugman, Larry Summers, It's, Paul Krugman —, —, David Rosenberg, Leon Cooperman, Jeremy Grantham Organizations: Bloomberg, Service, Federal Reserve Locations: Wall, Silicon, New Delhi

☆ Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and the presidency. Here are the 3 messages, from Cooperman's new memoir
▼ + stars: | 2023-09-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and Henry Singleton. When Cooperman was mulling a presidential run, Buffett joked he could "deliver Nebraska" for him. Cooperman shared a trio of messages he received from Buffett in his newly published memoir. Buffett wrote him a note after reading the letter, which Cooperman still keeps framed in his office:Dear Lee,I always enjoy both the quality of your writing and the quality of your thinking. Buffett wrote to Cooperman after his speech to express his agreement:AdvertisementAdvertisementHenry was a manager that all investors, CEOs, would be CEOs, and MBA students should study.

Persons: Warren Buffett, Leon Cooperman, Henry Singleton, Cooperman, Buffett, Goldman Sachs, trumpeted, Dear Lee, Warren, Singleton, Henry, Lee, you've Organizations: Service, Teledyne, Cooperman, Wall, Finance, Philanthropy, Omega Advisors, Business, Loews, Berkshire Locations: Nebraska, Wall, Silicon, Bronx, Iraq, Afghanistan

☆ CNBC Daily Open: Markets can’t catch a break from rate fears
▼ + stars: | 2023-09-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This 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. The donations were meant 'to weed out anti crypto dems for pro crypto dems and anti crypto repubs for pro crypto repubs," Salame said in a private message, according to a court document. It's the first time a Chinese president has missed the summit, a sign of how geopolitics have shifted. But Leon Cooperman, the chair and CEO of the Omega Family Office, told CNBC he doesn't think markets will hit a new high for a long time.

Persons: Goldman Sachs, David Solomon, CNBC's David Faber, Instacart, Goldman, Solomon, FTX's Salame, Ryan Salame, Salame, Joe Biden, Xi Jinping, Vladimir Putin, Leon Cooperman Organizations: CNBC, Nasdaq, ifo Institute, Alameda Research, Omega Locations: Germany, Alameda, India

☆ Billionaire investor Leon Cooperman: Interest rates aren't too high
▼ + stars: | 2023-09-07 | 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 EmailBillionaire investor Leon Cooperman: Interest rates aren't too highLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the S&P's performance in the last year, his thoughts on an upcoming recession, and how the major averages perform in the year's second half.

Persons: Leon Cooperman Organizations: Billionaire, Omega Family

☆ Here are Leon Cooperman's stock picks for playing higher oil prices
▼ + stars: | 2023-09-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

An example of a company in Cooperman's portfolio that is benefiting from higher oil prices is Paramount Resources , which primarily trades in Canada. Omega also owns stock in several U.S. energy companies, including Energy Transfer . The stock has outperformed the energy sector year to date and has a dividend yield of 9.2%. ET YTD mountain Energy Transfer has outperformed the energy sector this year. The stock has fallen about 8.5% this year but sports a dividend yield above 5%.

Persons: Leon Cooperman, Cooperman, Goldman Sachs Organizations: Omega Family, Texas, Omega, Paramount Resources, Energy, DTE Energy, Microsoft, Apollo, Citigroup, Cigna, Fidelis Insurance Locations: U.S, Canada

☆ Leon Cooperman says the stock market won't have a new high for a long time
▼ + stars: | 2023-09-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman said Thursday the stock market could be stagnant for an extended period of time, adding that he's standing by his recession call. "I don't expect we see a new high in the market for a long time," Cooperman said on CNBC's "Squawk Box." "I think we're going to wind up with a recession, but it's not here, not now," Cooperman said. The S & P 500 has rallied more than 16% this year, powered by Big Tech and stocks tied to artificial intelligence. "I think the strength of the market was very much tied to positioning.

Persons: Leon Cooperman, Cooperman, We've, it's Organizations: Omega, Big Tech Locations: U.S

☆ Billionaire investor Leon Cooperman sees a recession and doesn't expect a new high in stocks for a long time
▼ + stars: | 2023-09-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

There's no indication that interest rates are too high, Leon Cooperman told CNBC. The billionaire investor also sees a return to this year's stock market highs as unlikely. "What's the sign that interest rates are too high?" "I don't expect we will see a new high in the market for a long time. "In 2000, everybody was hot on the internet: Cisco, Cisco, Cisco.

Persons: Leon Cooperman, Cooperman, We've Organizations: CNBC, Service, Omega Advisors, Federal Reserve, Nvidia, Cisco Locations: Wall, Silicon, Georgia

☆ Giuliani loses support of billionaires Langone, Cooperman: 'I wouldn't give him a nickel'
▼ + stars: | 2023-08-31 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

Langone contributed $4,600 to Giuliani's 2008 campaign for president, according to FEC records. This executive donated $2,300 to Giuliani's 2008 run for president, according to FEC records. Goodman did not say who is contributing to help Giuliani pay for his legal fees or how much those entities have raised. "I probably will," said Catsimatidis, who owns New York radio station WABC that employs Rudy Giuliani and his son. "I think people should help Rudy Giuliani.

Persons: Rudy Giuliani, Donald Trump, Giuliani, Rudy, I'm, Brian France, Ken Langone, Forbes, Langone, Cooperman, It's, Leon Cooperman, Trump, he's, Ted Goodman, Goodman, Joe Biden swiped, Andrew Giuliani, John Catsimatidis, Catsimatidis Organizations: New York City, NASCAR, New, FEC, Trump, Billionaire, Commission, CNBC, titans, Former New York City, Wall Street, Washington D.C, Giuliani, Twitter, Giuliani Defense, New York, WABC, New York Republican Locations: Georgia, Washington , U.S, France, New York, New York City, Russian, York City, Bedminster , New Jersey

Crocs sued Joybees in federal court on Thursday, expanding on a separate lawsuit that the Colorado-based company filed in 2021. The new complaint, accusing Joybees and its chief executive of unfair competition, came a day after Joybees filed claims in the same court against Crocs. Joybees also said it was seeking a declaration that its shoes had not violated Crocs' intellectual property protections. Joybees, according to Crocs' lawsuit, hired key operations and manufacturing employees from Crocs. The cases are Crocs Inc v Joybees LLC, U.S. District Court for the District of Colorado, 1:23-cv-01719-NRN and 21-cv-02859-PAB-MEH.

Persons: Crocs, Joybees, Kellen McCarvel, McCarvel, Porter Kaye Scholer, Jonathan Cooperman, Kelley Drye, Chad Nitta, Rock, Saul Rostamian, Sheppard Mullin, Mike Scarcella, Leigh Jones Organizations: Colorado Joybees, Crocs, Joybees, Investment, District of, Arnold, Warren, Thomson Locations: Colorado, Denver, Crocs, District of Colorado

☆ Wage hikes may have been a key driver of inflation. They may now be fueling mass layoffs
▼ + stars: | 2023-06-01 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +1 min

Central bank officials around the world have said taming inflation is their top priority, but rising prices have turned out to be stickier than originally expected. The U.S. economy saw a pickup in inflation that began in 2021 amid pandemic-induced supply chain issues. This led to record job openings and high turnover as people job hopped for more money and the unemployment rate declined sharply. "But this is an unusual episode where it seems like right now the main driver of inflation is actually labor costs, and what that means actually is that workers are gaining." But there are signs that wage growth is cooling, especially as layoffs have skyrocketed nearly fivefold in 2023 across some industries.

Persons: Laura Veldkamp Organizations: Columbia Business School Locations: U.S

☆ US stocks face a 50% crash, a 'crypto apocalypse' is coming, and the economy is entering a 'doom loop.' Here are the 10 wildest predictions over the past quarter.
▼ + stars: | 2023-04-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

From stocks to commercial real estate, several parts of financial markets are on shaky ground. Here are the 10 wildest predictions about asset prices and the economy over the past quarter. Grantham said the prices of stocks, bonds, real estate, fine art, and other investments surged to unsustainable highs during the COVID-19 pandemic. Crypto: an 'apocalypse' is coming for digital assets"Dr. Doom" economist Nouriel Roubini isn't hopeful about the crypto industry. "I think it will spread into commercial real estate as banks become more reluctant to lend," Cooperman said.

☆ Leon Cooperman on the government response to the banking crisis
▼ + stars: | 2023-04-03 | 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 on the government response to the banking crisisLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss his thoughts on the market, whether there's contagion risk from the banking crisis, and more.

☆ Watch CNBC's full interview with Omega Family Office CEO Leon Cooperman
▼ + stars: | 2023-04-03 | 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 CEO Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss his thoughts on the market, whether there's contagion risk from the banking crisis, and more.

☆ Leon Cooperman is bullish on oil and has 20% of his portfolio in energy stocks
▼ + stars: | 2023-04-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Leon Cooperman said Monday oil prices are headed higher on the back of a demand comeback, boosting his energy stock picks. He said he has 20% of his portfolio in energy stocks. The widely followed investor said his two favorite stocks in the sector are Canadian oil and gas producers Paramount Resources and Tourmaline Oil . "It's growing production at 15%," Cooperman said on Tourmaline Oil. Paramount Resources shares are up more than 3% this year, while Tourmaline Oil saw its stock fall more than 17%.

☆ Billionaire investor Leon Cooperman rings the recession alarm and says commercial real estate is next in the crosshairs of global banking turmoil
▼ + stars: | 2023-04-03 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Leon Cooperman says the commercial real estate sector will be the next market hit by bank turmoil. In an interview with CNBC, the billionaire investor said institutions are pulling back on lending and commercial real estate commitments as a way to shore up liquidity. "I think it will spread into commercial real estate as banks become more reluctant to lend," Cooperman said Monday. The commercial real estate market is operating in a perfect storm of rising interest rates, declining occupancy rates for offices, and now, less access to credit. This could impact smaller and medium-sized banks with higher commercial real estate exposure.

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