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☆ Corporate borrowing is on a roll. Goldman's debt financing head breaks down the trends.
▼ + stars: | 2024-11-19 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +7 min

The return of DCM activity signals that borrowers are gearing up for corporate dealmaking to return. Goldman's global head of financing broke down the trends in an interview with BI. On Wall Street, corporate borrowing is on a roll. Many of those clients are large companies or organizations being advised by Goldman's investment bankers, which means the DCM business is directly reliant on deal flow. AdvertisementGoldman CEO David Solomon ran Goldman's leveraged finance group before taking over its financing business, including debt and equity capital markets and derivatives.

Persons: Goldman Sachs, Donald Trump, Vivek Bantwal, Bantwal, We've, we've, Goldman, David Solomon, David Solomon Jeenah Moon, Denis Coleman, refinancings, weren't Organizations: University of Pennsylvania's Wharton School, Getty, Underwriters, Wall, Bloomberg, Getty Images Goldman, Goldman, Blue

☆ Wharton's Siegel says an extension of the 2017 tax cuts is certain with a Republican House majority
▼ + stars: | 2024-11-15 | 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 EmailWharton's Siegel says an extension of the 2017 tax cuts is certain with a Republican House majorityJeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and Wisdom Tree chief economist, joins 'Closing Bell' to discuss the state of the economy, what to expect from the Fed in December and next year, and more.

Persons: Wharton's Siegel, Jeremy Siegel Organizations: Republican, University of Pennsylvania's Wharton School of Business, Fed

☆ More money tends to make you happier—even if you're already rich, Ivy League researcher finds
▼ + stars: | 2024-10-11 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

His research finds that the correlation between your paycheck and your happiness holds extremely true across a vast range of incomes. Further, it shows that the psychological effect of more money is relatively the same across income brackets. In other words, if a person earning $200,000 a year and a person earning $50,000 both receive a 20% raise, the relative increase to their happiness will very likely be roughly the same. But in terms of quantifying their joy, the raise has about the same effect, Killingsworth says. "Money is one of many variables [in] the equation for happiness, and no single variable dominates," Killingsworth says.

Persons: Matthew Killingsworth, Killingsworth Organizations: University of Pennsylvania's Wharton School, CNBC

☆ OpenAI takes another step closer to getting AI to think like humans with new 'o1' model
▼ + stars: | 2024-09-12 | by ( Lakshmi Varanasi | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

The new model can work through complex tasks and, in comparison to previous models, solve more difficult problems in science, coding, and math. AdvertisementFor example, it beat GPT-4o — a multimodal model OpenAI unveiled in May — in the qualifying exam for the International Mathematics Olympiad by a long shot. Over the summer, while o1 was still in development, the company unveiled a new five-level classification system for tracking its progress toward that goal. But when Mollick asked o1 to solve a crossword puzzle, it thought about it for a "full 108 seconds" before responding. AdvertisementSince OpenAI unveiled GPT-4 last year, it's been releasing successive iterations in its quest to invent AGI.

Persons: —, OpenAI, Ethan Mollick, Mollick, Gary Marcus, it's Organizations: Service, Business, o1, International, Company, University of Pennsylvania's Wharton School, New York University Locations: —, AGI, GPT

☆ It's not always 'a sexy thing' to be a millionaire, former NFL linebacker Brandon Copeland says. Here's why
▼ + stars: | 2024-09-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

Brandon Copeland Copeland MediaBrandon Copeland is a former NFL linebacker turned coach. Brandon Copeland: Feeling unprepared for some of the major financial decisions in life. I think that's important to start to develop your stomach. I always break that down as, that's a lot of Chipotle burritos, that's a lot of dinners, that's a lot of time with my family at the water park. Brandon Copeland Copeland MediaGI: One of the first things that you encourage people to do in the book is say aloud to themselves, "I can be wealthy."

Persons: Brandon Copeland Copeland, Brandon Copeland Copeland Media Brandon Copeland, gravitates, —, Cope, Copeland, Greg Iacurci, Brandon Copeland, That's, you've, Bloomberg —, I'm, it's Organizations: Brandon Copeland Copeland Media, NFL, National Football League, University of Pennsylvania's Wharton School, New York Jets, CNBC, Financial Wellness Advisory Board, Athletes.org, Orlando, Baltimore Ravens, NFL Players Association, Lions, Yahoo Finance, Wall Street Journal, Bloomberg Locations: isn't, New Jersey, Detroit

☆ Mark Cuban says Silicon Valley tech bros have lost their grip on reality and now want to be the board of directors to Trump's CEO
▼ + stars: | 2024-08-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Now, Trump enjoys the support from Silicon Valley bigwigs like Tesla CEO Elon Musk and venture capitalists Marc Andreessen and Ben Horowitz. They want to vote for normal people they can relate to," Cuban wrote in an X post on August 6. Representatives for Cuban and the Trump campaign didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Mark Cuban, Donald Trump, It's, Jon Stewart, Trump, Cuban, Stewart, they've, Peter Thiel, Elon Musk, Marc Andreessen, Ben Horowitz, Vance, Musk, Sen, JD Vance, Ohio, Joe Biden, Kamala Harris, Biden, Harris, Tim Walz, Walz, Walz didn't, didn't Organizations: Service, titans, Business, PayPal, Tesla, Trump, Democratic Party, Republican Party, Democratic, Ivy League, University of Pennsylvania's Wharton School, Yale Law School, Cuban, Business Insider Locations: Silicon, United States, America, Silicon Valley, San Francisco Bay, Minnesota

☆ I'm a recent grad who gave up a six-figure job at JPMorgan without another offer. It all came down to career satisfaction.
▼ + stars: | 2024-08-12 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In my final summer before graduation, I managed to land three internship offers — from a consulting company, a consumer goods company, and JPMorgan. When I got that phone call that I got the JPMorgan internship, it was so exciting and I felt really grateful. I wanted desperately to be in a place where I feel stimulated and I'm interested in the work I'm doing. The alternative was job hunting from scratch, not knowing what I would land and whether the offer would even come close to what JPMorgan was paying.

Persons: —, Nick Rutherford Organizations: Service, of Pennsylvania, JPMorgan Private Bank, Unilever, Business, University of Pennsylvania's Wharton School of Business, JPMorgan, company's Locations: Seattle, Jersey

Expensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians' crosshairs. Walmart , McDonald's and Kroger are just a few of the companies that have found themselves in the debate over high inflation in the 2024 election. Democrats — particularly those like Casey who are trying to win races in competitive swing states — are trying to capitalize on frustration against companies over inflation. (The source of the data is unclear, and McDonald's has denied that its average prices have risen that much.) The criticism could also add to the pressure companies face to show they can lower prices or offer value.

Persons: Elizabeth Warren, Bob Casey, Kroger, Rodney McMullen, —, Casey, Joe Biden, McDonald's, Kamala Harris, Donald Trump, Harris, Trump, Biden, Cait Lamberton, That's Organizations: Walmart, McDonald's, Kroger, Albertsons, House Republican, Taco Bell, Democratic, Republican, U.S . Bureau of Labor Statistics, University of Pennsylvania's Wharton Locations: Sens, McDonald's

☆ Wharton's Jeremy Siegel says Fed needs to make an emergency rate cut
▼ + stars: | 2024-08-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Wharton's Jeremey Siegel on Monday called on the Federal Reserve to make an emergency 75 basis-points cut in the federal funds rate after Friday's disappointing jobs report. On Friday, the jobs report showed slower growth than expected and an unemployment rate that moved higher to 4.3%, its highest since October 2021. That unemployment figure "blew through" the central bank's target unemployment rate of 4.2%, said Siegel, chief economist at WisdomTree. Siegel isn't concerned that an emergency cut will send the markets into a downward spiral. If the Fed does not make an emergency cut before September's meeting, the market will react badly, Siegel predicted.

Persons: Wharton's Jeremey Siegel, Monday, —, Siegel, Alan Greenspan, They've, we're Organizations: Federal Reserve, University of Pennsylvania's Wharton School Locations: WisdomTree

☆ A boomer with $50,000 in student loans voted for Trump in the last election. But with Biden's new repayment plan blocked, she's considering supporting a Democratic ticket.
▼ + stars: | 2024-07-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

"I want to be able to just breathe, but retiring and having to pay for student loans when I'm not even working anymore and paying most of my Social Security to student loans, it's ridiculous. Hill said the uncertainty with her student loans is forcing her to push back her timeline to retire. She's a teacher and has loans because she went back to school in 2009 to get her teaching degree, which she funded through grants, scholarships, and student loans. AdvertisementThe Education Department has vowed to continue fighting for the SAVE plan in court. Are your student-loan payments influencing how you will vote in the election?

Persons: —, Rebecca Hill isn't, Hill, Joe Biden's, that's, I've, She's, she's, I'm, Trump, Biden's, Biden, Mitch McConnell, Bill Cassidy, Kamala Harris Organizations: Service, Trump, Business, Security, GOP, Circuit, University of Pennsylvania's Wharton School, Democratic Party, Invest, Republican, Department, Public Locations: Wisconsin, PSLF

☆ Richard Branson shares his 'most notable failure' and the lesson it taught him: 'People quite like the underdog'
▼ + stars: | 2024-07-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Richard Branson's "most notable failure" taught him an important lesson: There's value in always seeing yourself as an underdog, the billionaire entrepreneur recently told TED's "Work Life with Adam Grant" podcast. He learned from one such experiment that "backfired horribly," he told Grant: Virgin Cola, a soda that Branson's Virgin Group launched in 1994. After some success in the U.K., the company decided to expand its presence to the U.S. and challenge Coca-Cola and Pepsi, Branson told NPR in 2017. Then, Virgin Cola began disappearing from store shelves, Branson told NPR. Virgin Cola quietly shuttered years later, when Branson realized the drink was only No.

Persons: Richard Branson's, TED's, Adam Grant, Grant, Branson, We've Organizations: Virgin Cola, Virgin Group, Pepsi, NPR, Virgin Cola's, Virgin, . Virgin Group, CNBC, University of Pennsylvania's Wharton School Locations: Virgin Cola's U.S, Coke, Bangladesh

☆ We are in a 'slowing' economy, says Wharton's Jeremy Siegel
▼ + stars: | 2024-07-05 | 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 EmailWe are in a 'slowing' economy, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and Wisdom Tree chief economist, joins 'Closing Bell' to discuss his market outlook following today's jobs report.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania's Wharton School of Business

☆ AI is getting very popular among students and teachers, very quickly
▼ + stars: | 2024-06-11 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +7 min

Khan recently told CNBC that its AI tool will expand from 65,000 students to one million students next year. It also recently announced that Microsoft is paying so that AI can be offered to teachers across the U.S. free of charge. In fact, teachers were the only demographic polled where year-over-year favorability declined, though a majority (59%) still have a positive view of AI chatbots. Minority groups are adopting AI for education at higher rates, including the teachers and parents who are using AI to help children. Black and Hispanic K-12 students and undergraduates were more likely to use AI for school.

Persons: Hyoung Chang, ChatGPT, Ethan Mollick, Sal Khan, Khan, CNBC's, Sam Altman, Greg Brockman, zeroed, Mollick, It's, Nadia, Alan Turing's Organizations: Getty, Microsoft, Apple, Impact Research, Walton Family Foundation, Learning, University of Pennsylvania's Wharton School, Khan Academy, CNBC, Teachers Locations: Denver, Newark , New, U.S

☆ AI tools from Microsoft and Google are just streamlining middle management, leading AI expert says: WSJ
▼ + stars: | 2024-04-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Microsoft Copilot and Google Gemini have been advertised as AI-powered productivity tools. But Ethan Mollick, a leading AI expert, has a more cynical view of the products. Copilot automates middle management while Gemini makes surveillance easier, he told WSJ. AdvertisementMicrosoft and Google rolled out their own AI-powered productivity tools last year, touting them as products that could revolutionize how people work. This story is available exclusively to Business Insider subscribers.

Persons: Ethan Mollick, —, JP Morgan Organizations: Microsoft, Google, Gemini, Service, University of Pennsylvania's Wharton School of Business, White, Business

☆ After life-changing losses, these millennials are now trying to help others preserve their loved ones' legacy
▼ + stars: | 2024-04-08 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +5 min

Nicholas Worley, founder of Inalife, with his three toddler sons at home in Hong Kong. Nicholas Worley | InalifeIt wasn't until he became a father that Nicholas Worley rekindled the idea of preserving memories of his loved ones and their legacies. The death of family members, a failed business partnership and the Covid-19 pandemic played a part in helping three millennials plunge into new businesses that help others memorialize relationships and preserve their family legacy. The company provides digital storage for photographs, video and audio clips of family members so the family can view them now or in the future. Nicholas Worley Founder of InalifeIn July last year, he finally launched Inalife, hoping to break even in about two years.

Persons: Nicholas Worley, Worley, granddad, Inalife Worley, he's, Haresh Tilani, Terence Chia, Tilani, Chia, It's Organizations: Inalife, Subscribers, University of Pennsylvania's Wharton School Locations: Hong Kong

☆ The No. 1 mistake people make when trying to win arguments, according to a Wharton professor
▼ + stars: | 2024-02-01 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

You might assume winning arguments — over politics, a work project, or even where to eat — requires hours of researching data and rehearsing well-informed points. Not necessarily, says Jonah Berger, a marketing professor at the University of Pennsylvania's Wharton School. That's because people often dilute their stronger claims by adding weaker, less relevant ones, Niro Sivanathan, an organizational behavior professor at London Business School, told CNBC Make It in November. So, instead of hearing your strongest points, the person you're hoping to convince may walk away with a shallower understanding of your argument. "If you have just one key argument, be confident and put that on the table, rather than feeling the need to list many others."

Persons: Jonah Berger, didn't, Niro, Sivanathan Organizations: University of Pennsylvania's Wharton, CNBC, London Business School

The Tesla (TSLA.O) CEO told advertisers who have fled his social media platform X over antisemitic content to "Go fuck yourself!" Several business communications analysts said they couldn't remember a similar case of an executive publicly cursing at their customers. Musk, Tesla and X did not respond to requests for comment. Musk apologized for it and then cursed and dismissed the concerns of the advertisers fleeing the platform. Cappelli said Musk wishes to see himself as a rock star, not a business leader who needs to take account of many constituencies.

Persons: Elon Musk, Porte, Gonzalo Fuentes, It's, Andy Challenger, Challenger, Michael O'Leary, Jim Hagedorn, Sam Zell, Musk, Yehuda Baruch, Baruch, Peter Cappelli, Cappelli, Ross Kerber, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Ryanair, Boeing, Scotts Miracle, University of Southampton, University of Pennsylvania's Wharton School, Thomson Locations: Paris, France

☆ The hidden expense that's sucking $74 billion out of the economy
▼ + stars: | 2023-11-30 | by ( Bartie Scott | ) www.businessinsider.com time to read: +14 min

They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.

Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California

☆ An image of Israel Kamakawiwoʻole shows Google search still can't tell AI-generated pictures apart from genuine ones
▼ + stars: | 2023-11-27 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

AdvertisementIf you're struggling to differentiate AI-generated images from real ones, you're not alone. An AI-generated image of the late Hawaiian singer Israel Kamakawiwoʻole is currently showing up as the top search result on Google when you search his name. Business Insider searched for "Israel Kamakawiwoʻole" on Sunday evening and found the AI-generated images continuing to appear as the top search results. Noah Giansiracusa, a professor at Bentley University, pointed out on X that the AI-generated images show Kamakawiwoʻole playing a guitar. Google told 404 Media a day later that it had removed the AI-generated image from search results.

Persons: —, Israel Kamakawiwoʻole, Ethan Mollick, VdZmuUAwCK, Noah Giansiracusa, Google's, Giansiracusa, Kamakawiwoʻole, Judy Garland's, Edward Hopper, Johannes Vermeer Organizations: Service, Google, University of Pennsylvania's Wharton School, Business, Bentley University, Reddit, Media Locations: Hawaiian, Reddit

NEW YORK (AP) — Asking for privacy, hip-hop legend and longtime marijuana enthusiast Snoop Dogg says he's going to stop smoking — though he didn't specify exactly what that might mean. Representatives for the 52-year-old Snoop, born Calvin Cordozar Broadus Jr., did not immediately respond to The Associated Press' requests for comment Friday. That didn't stop ample speculation from fans, many of whom filled the comments of Snoop's post after being caught off guard by his decision. Others applauded the announcement and suggested Snoop may have chosen to stop smoking for his own personal health. Just last week, BIC EZ Reach Lighters announced a limited edition, bag-lighter combo from Snoop and Stewart called " Best Buds Bags."

Persons: Snoop Dogg, I've, Snoop, Calvin Cordozar Broadus, Americus Reed, ” Reed, Reed, Martha Stewart, Stewart Organizations: Associated Press, Americus, University of Pennsylvania's Wharton School of Business, Leafs

☆ AI is going to force millions of workers to train for new jobs. The US has historically been terrible at this.
▼ + stars: | 2023-11-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Experts say many of those workers will need to be retrained for new jobs to avoid being left behind. The US economy has struggled in recent decades to help workers adjust to job disruptions. Emerging generative AI technologies like ChatGPT could eliminate or change the nature of millions of jobs over the next decade. AdvertisementWhen Donald Trump promised to bring back manufacturing jobs before the 2016 election, he was speaking to the Americans who had been left in the lurch. But many overseas jobs aren't likely to return anytime soon, among the reasons job retraining was — and remains — necessary for impacted workers.

Persons: —, Richard Baldwin, Seth Carpenter, Morgan Stanley, hasn't, Donald Trump, Michael Chui, Chui, Ethan Mollick Organizations: Service, Global, Economic, Institute, McKinsey Global Institute, University of Pennsylvania's Wharton School, PricewaterhouseCoopers, IBM, Schools Locations: United States, Mexico

☆ Wharton psychologist on how to reach your potential: People ‘really underestimate the slow learners, the late bloomers’
▼ + stars: | 2023-11-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"Natural talent is overrated," Grant, a bestselling author and psychology professor at the University of Pennsylvania's Wharton School, recently told CNBC's "Squawk Box." And I think that leaves us to really underestimate the slow learners, the late bloomers." Those "slow learners" develop such traits by necessity from an earlier age, priming them well for achievement later in life, he added. Late bloomers also tend to be particularly skilled at turning weaknesses into strengths, and if you can master something you're bad at, you're well-equipped to handle most types of challenges, Grant told "Squawk Box." "The feeling that something is uncomfortable is a signal that you're about to learn something new," Grant told the New York Times last month.

Persons: Adam Grant, bloomer, Grant, CNBC's, prodigies, you've, they're, Mark Cuban, Grant's, Cuban, I've, Warren Buffett Organizations: University of Pennsylvania's Wharton School, New York Times, Research

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ America’s Debt Crisis Burns While Congress Fiddles
▼ + stars: | 2023-10-20 | by ( Tim Smart | ) www.usnews.com time to read: +9 min

Last month, the Penn Wharton Budget Model from the University of Pennsylvania came out with an analysis of the debt crisis entitled “When Does Federal Debt Reach Unsustainable Levels?”Their answer? The concern is that punting the problem into the future, continuing to raise debt even as interest rates rise further or hold at higher levels for longer, the debt will grow even faster in a “snowball” scenario. Similar proposals have been offered over the years but at the same time they seem to lack political support – indeed, Republicans have recently voiced the idea of cutting Social Security. The debt crisis is rapidly worsening at a time when the bond market is having its own set of problems. A recent government auction of debt, an occurrence that is becoming more common as the U.S. borrows more, saw weak demand.

Persons: Dick Cheney, Richard Neal, Democrats –, Blu Putnam, Alan Greenspan, Ben Bernanke, Jerome Powell, ”, Gene Steuerle, Richard B, Fisher, probity, Kevin McCarthy, Kent Smetters, Boettner, Smetters, Richard Robis, Donald Trump Organizations: Capitol, Democratic, Massachusetts, The New York Times, Federal Reserve, Partisans, Democrats, Fed, CME Group, Social Security, Medicare, Urban Institute, California Rep, Penn Wharton Budget, University of Pennsylvania, University of Pennsylvania's Wharton School, Wharton, Social, Republicans, Treasury, Hamas, BCA Research, White House Locations: U.S, United States, Washington, China, Japan, Israel

☆ Powell's speech did not address GDP rise from productivity growth, Wharton School's Jeremy Siegel
▼ + stars: | 2023-08-25 | 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 EmailPowell's speech did not address GDP rise from productivity growth, Wharton School's Jeremy SiegelJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, joins 'Closing Bell' to discuss what the market reaction to Powell's Jackson Hole speech says about the state of monetary policy, strong productivity despite a labor market slowdown, and the risk of commodity price inflation rising further.

Persons: Wharton, Jeremy Siegel Jeremy Siegel, Powell's Jackson Organizations: University of Pennsylvania's Wharton School

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