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☆ US Supreme Court's liberals warn of LGBT ruling's ripple effects
▼ + stars: | 2023-06-30 | by ( Andrew Chung | Industry Insight | Corporate Attorneys Don T Want To Pay Law Firms For Chatgpt When They Could Use It Themselves | ) www.reuters.com time to read: +5 min

June 30 (Reuters) - The U.S. Supreme Court's conservative-majority ruling letting certain businesses refuse to provide services for same-sex marriages could impact an array of customers beyond LGBT people, according to the court's liberal justices. Smith said, for instance, she would happily serve an LGBT customer who wants graphics for an animal shelter. Critics said that distinction between message and status was not so clear-cut and could quickly veer into targeting people instead. The ruling takes LGBT rights backwards, Sotomayor wrote. The ruling's rationale cannot be limited to discrimination based on sexual orientation or gender identity and could exclude other groups from many services, Sotomayor said.

Persons: Lorie Smith, Neil Gorsuch, Gorsuch, Colorado's, Smith, Critics, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Sotomayor, Jim Bourg Sotomayor, Phil Weiser, of Jesus Christ, Weiser, Lambda, Jennifer Pizer, Amanda Shanor, Shanor, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, of Jesus, Lambda Legal, University of Pennsylvania's Wharton School, Thomson Locations: Denver, Colorado, Washington , U.S

☆ Watch CNBC's full interview with Neil Chilson, Jessica Melugin and Americus Reed
▼ + stars: | 2023-06-21 | 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 Neil Chilson, Jessica Melugin and Americus ReedNeil Chilson, former FTC chief technologist, Jessica Melugin, CEI Center for Technology and Innovation director, and Americus Reed, Wharton School of Business professor, join 'Last Call' to discuss the FTC's lawsuit against Amazon and its Prime enrollment practices.

Persons: Neil Chilson, Jessica Melugin, Americus Reed Neil Chilson Organizations: Americus, CEI Center for Technology, Innovation, Americus Reed, Wharton School of Business, Amazon

☆ The FTC's case against Amazon is on 'somewhat shaky legal ground': Fmr. FTC Official Neil Chilson
▼ + stars: | 2023-06-21 | 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 EmailThe FTC's case against Amazon is on 'somewhat shaky legal ground': Fmr. FTC Official Neil ChilsonNeil Chilson, former FTC chief technologist, Jessica Melugin, CEI Center for Technology and Innovation director, and Americus Reed, Wharton School of Business professor, join 'Last Call' to discuss the FTC's lawsuit against Amazon and its Prime enrollment practices.

Persons: Neil Chilson Neil Chilson, Jessica Melugin Organizations: Amazon, CEI Center for Technology, Innovation, Americus Reed, Wharton School of Business

☆ Workers are hiding their AI productivity hacks from bosses. A Wharton professor says companies should get them to share.
▼ + stars: | 2023-06-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

A Wharton professor said employees are leveraging AI to increase their productivity at work. Companies should offer incentives to try and lure these workers out, the professor said. A Wharton professor has said companies should try to tempt employees to share how they're using AI to increase their personal productivity – rather than ban the tech and force them to hide it. He advised companies to try and lure these workers out, offering them incentives such as shorter days to share their discoveries. Mollick added that workers are already finding ways to get around bans on using AI at work, such as using their personal phones to access it.

Persons: Wharton, they're, Ethan Mollick, Mollick, Goldman Sachs Organizations: Companies, Morning, Wharton School, University of Pennsylvania, Employees, Goldman

☆ Opinion | Creating a Path for More Black Economists
▼ + stars: | 2023-06-19 | by ( Peter Coy | ) www.nytimes.com time to read: +3 min

“If this is what economics is teaching, who wants to be part of that?”Myers is an interesting person. Myers told me about the economists, both Black and white, who lent a hand to him and others early on. One was his father, Samuel L. Myers, a path breaker who earned a doctorate in economics from Harvard in 1949. “I’m happy and content that I’m unapologetically Black,” he said. He added: “The summer program is producing deep thinkers.”

Persons: “, I’m, ”, ” Myers, Roy Wilkins, Wilkins, Myers, Samuel L, Marcus Alexis, Andrew Brimmer, Clifton Wharton, Phyllis Wallace, Bernard Anderson, Paul Samuelson, Robert Solow, Michael Piore, Richard Eckaus, Duncan Foley, Charles Kindleberger, Kindleberger “, Kindleberger, they’re Organizations: Morgan State University, Harvard, Caucus of Black, Federal, Michigan State University, Rockefeller Foundation, Yale, Wharton School, University of Pennsylvania, M.I.T Locations: Baltimore, Minnesota, American

☆ The S&P 500 has entered a bull market, but will it last? Here's what 5 Wall Street experts are saying about the stock market's big rally.
▼ + stars: | 2023-06-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

The S&P 500 has pushed its way into a new bull market, but experts are torn over whether the rally can last. Though he previously predicted a 15% increase for the S&P 500, he's turned more bearish on the market as recession odds increase. Goldman SachsThe hype for AI is real and could lead the S&P 500 to climb higher this year, Goldman Sachs said. That could take the S&P 500 as much as 14% higher in the coming years, strategists said. The S&P 500 could end the year at 4,500, strategists predicted, implying around a 5% upside from current levels and a gain of about 17% for the full year.

Persons: —, David Rosenberg, Rosenberg, That's, Steve Marcus, Jeremy Siegel, Siegel, he's, Bloomberg Mike Wilson, Morgan Stanley, Morgan, Mike Wilson, Wilson, Cindy Ord, Tom Lee, Fundstrat, Goldman Sachs Organizations: Service, New York Fed, Rosenberg Research, Wharton School, Bloomberg, Corporations, Getty, CNBC

☆ Charlie Javice is accused of defrauding JPMorgan Chase. Her classmates were shocked she didn't immediately flee the country.
▼ + stars: | 2023-06-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

The allegedly inflated numbers helped her sell her startup to JPMorgan Chase for $175 million. Classmates of Charlie Javice told Fortune they were shocked by allegations she defrauded JPMorgan Chase for $175 million – and one wondered why she didn't immediately flee the country. In January 2022, JPMorgan Chase realized that the subscriber numbers were inflated, and Javice was fired by the end of the year. If I sold a company to JPMorgan Chase, I would explain everything, everything [that] I expensed including that salad that I bought at Sweetgreen that one time. She is being charged with securities fraud, wire fraud, bank fraud, and conspiracy.

Persons: Charlie Javice, didn't, Fortune, Frank, —, JPMorgan Chase, Javice Organizations: JPMorgan Chase, Morning, JPMorgan, Wharton School, University of Pennsylvania

☆ One of Charlie Javice's classmates was shocked she defrauded JPMorgan Chase and didn't immediately flee the country
▼ + stars: | 2023-06-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Persons: Charlie Javice, didn't, Fortune, Frank, —, JPMorgan Chase, Javice Organizations: JPMorgan Chase, Morning, JPMorgan, Wharton School, University of Pennsylvania

☆ Fed will shift focus from inflation to labor market, says Wharton's Jeremy Siegel
▼ + stars: | 2023-06-14 | 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 will shift focus from inflation to labor market, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus at the Wharton School and senior economist to WisdomTree, joins 'Halftime Report' to discuss market momentum in tech, the Fed's use of lagging indicators, and the probability of recession.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Wharton School

☆ Watch CNBC's full interview with Wharton professor Jeremy Siegel on Fed's rate decision
▼ + stars: | 2023-06-14 | 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 professor Jeremy Siegel on Fed's rate decisionJeremy Siegel, professor emeritus at the Wharton School and senior economist to WisdomTree, joins 'Halftime Report' to discuss market momentum in tech, the Fed's use of lagging indicators, and the probability of recession.

Persons: Wharton, Jeremy Siegel Organizations: Wharton School

☆ Candles, clocks and throw pillows: 3 charts show how Home Depot and Lowe’s pivoted to “soft-DIY”
▼ + stars: | 2023-06-10 | by ( Christopher Hickey | ) edition.cnn.com time to read: +6 min

The SEC data analyzed by CNN shows that home decor sales have doubled at both Home Depot and Lowe’s in that time period. By 2022, decor products accounted for 5.4% of Lowe’s sales – more than the tools, building materials, flooring or hardware categories. In 2019, year-over-year net sales at Home Depot and Lowe’s grew by roughly 2% and 1%, respectively. In 2020, Home Depot sales grew by nearly 20%, while Lowe’s saw sales jump by roughly 24%. While still primarily home improvement retailers, expanding into home decor was simply a logical opportunity for Home Depot and Lowe’s, Saunders said — especially online.

Persons: Neil Saunders, ”, it’s, ” Lowe’s, Lowe’s, Saunders, Barbara Kahn, they’re, ” Khan, “ They’re, Ted Decker, won’t, ” Saunders Organizations: CNN, SEC, Global, Home, Depot, Home Depot, ”, University of Pennsylvania’s Wharton School, Advance, US Census Bureau Locations: Lowe’s

☆ Why do businesses keep raising their prices?
▼ + stars: | 2023-06-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

Los Angeles CNN —After two years of surging prices, economists still can’t agree on what has caused the world’s worst inflation crisis in decades. The survey of 700 businesses across New York, Atlanta and Cleveland found that strength of customer demand outranked all other factors that companies weigh when setting prices, including steady profit margins and overall inflation. More than 82% of businesses surveyed said demand factored into their pricing decisions, while only 52% of businesses said they take the overall rate of inflation into account when setting prices. Are customers too willing to pay higher prices? Murphy said the restaurant has since raised prices more than once to keep up with inflation.

Persons: “, John Zheng, ”, Zheng, Mr, Mac’s, Mark Murphy, Murphy, ” Murphy, Emily Netti, “ I’ve Organizations: Los Angeles CNN —, New York Federal Reserve, Wharton School, University of Pennsylvania, CNN, Colgate, Procter, Gamble, PepsiCo, Federal Reserve, New York Fed Locations: Ukraine, New, New York, Atlanta, Cleveland, Manchester , New Hampshire, Syracuse , New York, Syracuse

☆ The Fed will give up rate hikes if labor market begins to falter: Wharton professor Jeremy Siegel
▼ + stars: | 2023-06-09 | 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 EmailThe Fed will give up rate hikes if labor market begins to falter: Wharton professor Jeremy SiegelJeremy Siegel, Wharton School of Business professor of finance, joins 'Squawk on the Street' to discuss the Federal Reserve's next moves, the Fed's dual mandate, and more.

Persons: Jeremy Siegel Jeremy Siegel Organizations: Wharton School of Business

☆ The PGA-LIV merger will be a wait-and-see game, says Wharton's Americus Reed
▼ + stars: | 2023-06-07 | 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 PGA-LIV merger will be a wait-and-see game, says Wharton's Americus ReedAmericus Reed, Wharton School of Business professor, and Mark Patricof, Patricof co-founder, join 'Power Lunch' to discuss the PGA Tour-Liv golf merger and more.

Persons: LIV, Americus Reed Americus Reed, Mark Patricof, Patricof Organizations: Americus Reed, Wharton School of Business

MUMBAI/SINGAPORE, June 1 (Reuters) - KKR & Co (KKR.N) is moving a managing director from India to Singapore to lead the firm's Southeast Asia private equity business, two familiar with the matter sources told Reuters, bolstering its personnel in the region. Kumar will work with Ashish Shastry, a partner who heads Southeast Asia and co-heads the firm's Asia Pacific Private Equity business. The move also comes as KKR strengthens its presence in India and Southeast Asia. It raised $15 billion for its fourth Asia-Pacific focused private equity fund in 2021, one of the region's largest for the asset class. KKR has been investing in Southeast Asia since 2005, and opened its Singapore office in 2012.

Persons: Prashant Kumar, Kumar, Ashish Shastry, Vini, Gaurav Trehan, Trehan's, Akshay Tanna, Sriram, Kane Wu, Mark Potter Organizations: KKR, Co, Asia Pacific Private Equity, The Wharton School, Indian Institute of Technology, JB Chemicals, TPG Inc, TPG, Associations, Reuters, Healthcare, Thomson Locations: MUMBAI, SINGAPORE, India, Singapore, Asia, Mumbai, Southeast Asia, Pacific, Philippines

☆ Who does inflation hit hardest? Experts weigh in on how higher prices impact households
▼ + stars: | 2023-06-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Fizkes | Istock | Getty ImagesStubborn inflation has driven households near the breaking point, but the pain of high prices has not been shared equally. The lowest-paid workers spend more of their income on necessities such as food, rent and gas, categories that also experienced higher-than-average inflation spikes. Because higher-income households spend relatively more on services, which notched smaller price increases compared with goods, they came out ahead. Middle-income households see slower wage growthBy other measures, Americans in the middle class are getting especially squeezed. watch nowEconomists' definitions of middle class vary.

Persons: Laurence Kotlikoff, Tomas Philipson, Brian Albrecht, Albrecht, Philipson, Aron Levine, Boston University's Organizations: Istock, Getty, Boston University ., White House Council, Economic, University of Pennsylvania's Wharton, Finance, International Center for Law, Economics, Congressional, Office, Pew Research Center, Bank of America Institute, Bank of, Boston, Consumer Financial, Bureau

☆ A.I. has real earnings and bubble forecasts still too early, says Wharton's Jeremy Siegel
▼ + stars: | 2023-06-01 | 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 EmailA.I. has real earnings and bubble forecasts still too early, says Wharton's Jeremy SiegelJeremy Siegel, Wharton School professor of finance, joins 'Closing Bell' to discuss the Fed's next move and how it'll impact the market and economy.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Wharton School

☆ Politics of 'Woke Capitalism': How companies navigate social issues
▼ + stars: | 2023-05-31 | 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 EmailPolitics of 'Woke Capitalism': How companies navigate social issuesTony Ponturo, Ponturo Management CEO, and Americus Reed, Wharton School of Business professor, join 'Power Lunch' to discuss corporate social activism and how companies navigate social issues.

Persons: Tony Ponturo Organizations: Ponturo, Americus Reed, Wharton School of Business

☆ Traders turn optimistic on debt ceiling deal — and one strategist says it's a 'market opportunity'
▼ + stars: | 2023-05-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Speaker McCarthy discussed the latest development of the debt ceiling negotiations with the White House. (Photo by Win McNamee/Getty Images) Win Mcnamee | Getty Images News | Getty ImagesAnalysts are broadly optimistic that the deal to raise the U.S. debt ceiling will pass a divided Congress. The compromise also sees the debt ceiling suspended until Jan. 1, 2025, pushing it past the 2024 presidential election. watch nowDavid Roche, president and global strategist for Independent Strategy saw this as a "Democratic win." He expects the deal will pass the House with Democratic support, although, like Pavlick, he said right-wing Republicans will likely vote against it.

☆ Nvidia ratified the excitement in AI, says Jeremy Siegel
▼ + stars: | 2023-05-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia 'ratified' the excitement about A.I. with 'blowout earnings,' says Wharton's Jeremy SiegelJeremy Siegel, professor of finance at Wharton School at the University of Pennsylvania, discusses the artificial intelligence-driven rally in Big Tech stocks.

☆ 'It's not a bubble yet': Wharton's Jeremy Siegel predicts Big Tech boom fueled by A.I.
▼ + stars: | 2023-05-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Wharton professor and renowned economist Jeremy Siegel is bullish on a Big Tech boom fueled by artificial intelligence despite concerns of a bubble. He noted that he has been getting questions around whether it would lead to a repeat of the dot-com bubble in the late 1990s. Economist David Rosenberg, known for his contrarian views, had predicted that the current AI boom could collapse like late 1990s dot-com stocks. The dotcom bubble burst when capital dried up after a massive adoption of the internet and a proliferation of available venture capital into internet-based companies, especially startups that had no track record of success. "First, there was excitement about AI and Nvidia ratified that excitement with blowout earnings.

☆ Target is being held hostage by an anti-LGBTQ campaign
▼ + stars: | 2023-05-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

New York CNN —During every Pride Month in June for the past decade, Target has sold merchandise for LGBTQ customers, employees and allies. But this year, Target faced an anti-LGBTQ campaign that went viral on social media. Fueled by far-right personalities and on social media platforms, the anti-trans campaign spread misleading information about the company’s Pride Month products and its business practices. It won’t be worth whatever they think they’ll gain.”The campaign became hostile, with threats levied against Target employees and instances of damaged products and displays in stores. Meeting demandTarget became the focus of the anti-LGBTQ campaign’s ire for its Pride Month merchandise, but the campaign misrepresented Target’s ambitions.

Persons: ”, Matt Walsh, Kelley Robinson, Bud Light, Yoram, “ It’s, Brian Cornell, Fortune, Erik Carnell, ” Target, Gavin Newsom, Sarah Kate Ellis, Tim Calkins, Ron DeSantis, “, Paul Argenti Organizations: New, New York CNN, Target, Twitter, Human Rights, Pride, University of Pennsylvania’s Wharton School, Gallup, ”, Wall Street Journal, GLAAD, Northwestern University’s Kellogg School of Management, Companies, Nike, Disney, Florida Gov, Los Angeles Dodgers, Dodger, Dartmouth University’s Tuck School of Business Locations: New York, California, statehouses

☆ How rich families use trusts that last as long as 1,000 years to save on taxes and benefit future heirs
▼ + stars: | 2023-05-23 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Dynasty trusts can last up to 1,000 years – about 40 generations – in Florida and other states. So-called dynasty trusts allow affluent taxpayers to provide for as many as forty generations and only be subject to tax once. Dynasty trusts have grown in popularity as the generation-skipping transfer tax exemption has skyrocketed, according to Sandy Christopher, partner at Withers Bergman. They are usually drawn to dynasty trusts to keep businesses within their families and protect assets from creditors. Dynasty trust assets are also shielded in the event of a divorce.

☆ 10 things in tech: Epstein appeared to threaten Gates, Apple gets its AI cut, and a Twitter hotel
▼ + stars: | 2023-05-22 | by ( Michael Cogley | ) www.businessinsider.com time to read: +4 min

The Cupertino-based tech giant is taking its usual 30% cut from users signing up to ChatGPT Plus through the app, according to a note from Bernstein analysts. A spokesperson for Gates told the WSJ that Epstein had "tried unsuccessfully to leverage a past relationship" to threaten the tech billionaire. Microsoft's marketing chief told staffers to bump the stock prices for raises. The tech giant has already managed to outpace the market with shares up 33% so far this year. The tech giant just launched two new Pixel phones.

☆ Employment is the key to Fed decisions now, says Wharton's Jeremy Siegel
▼ + stars: | 2023-05-22 | 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 EmailEmployment is the key to Fed decisions now, says Wharton's Jeremy SiegelWharton School Professor Jeremy Siegel joins 'Squawk Box' to discuss the latest Fed rate hike path, inflation outlook, and more.

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