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They argue that Casey, a middle-of-the-road liberal, had previously not been at the forefront of the populist economic turn in both parties. Casey’s Senate website dedicates an entire page to “greedflation,” which he also discussed at length in his speech at the Democratic National Convention this summer. The core of Casey’s argument is the assertion that, from July 2020 to July 2022, corporate profits rose five times faster than overall inflation. I would concede the economy has gotten better,” said McCormick, who has run an ad to counter Casey on the topic. “If you’re living paycheck to paycheck, you’re still in the grind, and that’s what I think Bob Casey and Kamala Harris do not understand.

Persons: Sen, Bob Casey, “, Casey, “ greedflation, ”, Mike Mikus, ” Dave McCormick, I’m, they’re, they’ve, “ greedflation ”, Joe Biden, Kellogg’s, Clark, Proctor, McCormick, ” Sen, Raphael Warnock, Donald Trump, Maria Collett, greedflation ”, “ It’s, ‘ greedflation, Biden’s, Kamala Harris, Harris, pollsters, you’re Organizations: GOP, Democratic, Republican Senate, Federal Trade Commission, Senate, Gamble, Disney, Convention, Federal Reserve Bank of Kansas, NBC, San Francisco Federal Reserve, The Washington Post, Republican, NBC News, Republicans, ” “, Federal Reserve Locations: ”, Pennsylvania, Haverford Township, Kimberly, Federal Reserve Bank of Kansas City, U.S

☆ Fixed income strategist: Fed is likely to go 'slow and steady' with interest rate cuts
▼ + stars: | 2024-10-03 | 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 EmailFixed income strategist: Fed is likely to go 'slow and steady' with interest rate cutsGeorge Bory of Allspring Global Investments says the market is overpricing the Fed's rate cuts. He says yields are fairly valued, and the biggest risk he is seeing to the US economy is an inflation uptick.

Persons: George Bory Organizations: Allspring, Investments

☆ Economist Paul Krugman defends Harris' price-gouging plan — but 'Shark Tank' star Kevin O'Leary calls it a 'horror film'
▼ + stars: | 2024-08-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What works is to flood the market with supply: lots of oil means lower oil prices, lots of labor means lower labor prices, lots of whatever means lower prices — it's a simple supply and demand curve. Obviously, this is a populist political gesture — a way to offer something to voters upset about high food prices. Krugman noted that many states including Texas have laws banning businesses from overcharging for essentials like food and fuel during disasters.

Persons: —, Kamala Harris, Harris, Lindsay Owens, Donald Trump, Mark Zandi, Kamala, Dave Ramsey, It's, cramp, Kevin O'Leary, there's, That's, There's, O'Leary, it's, Kamala Harris's, Gus Ruelas, Paul Krugman, I've, Richard Nixon, Nicolas Maduro, Krugman, Brian Cornell, Cornell Organizations: Service, Democratic, Business, Federal, CBS, Republican, York Post, Fox, Netflix, Fox News, Laureate, Princeton, New York Times, CNBC Locations: York, America, Cuba, Venezuela, North Korea, Soviet Union, Texas, overcharging

☆ 'It's ok to marry the house and date the rate' and 6 more key pieces of real estate advice from Ryan Serhant
▼ + stars: | 2024-07-09 | by ( Celia Fernandez | ) www.cnbc.com time to read: +6 min

Since entering the real estate industry and becoming a reality star, Serhant has shared several pieces of wisdom, including his approach to being an agent, why owning real estate is a path toward generational wealth and more. On real estate and generational wealth"Owning real estate is a great path toward generational wealth in the United States. "That said, owning real estate is also one of the easiest ways to lose wealth. "Real estate is an amazing investment for the long term, but you can never bet on the short term," he says. "If you've never bought real estate before, work with someone who has, talk to someone who has, and use a real estate broker," he says.

Persons: Ryan Serhant, Serhant, Realtor.com, Joe De Sena's, you've, De Sena Organizations: Netflix, New, CNBC Locations: Manhattan, New York, United States

☆ Beaches open in Paris as Olympic city gears up for summer
▼ + stars: | 2024-06-07 | by ( Xiaofei Xu | ) edition.cnn.com time to read: +4 min

As usual, Paris will open its regular summer beach on the banks of the Seine river. Paris’ city government confirmed to CNN it is confident that the water quality will meet health standards during the game. For those who still might recoil at the idea of jumping in a city center waterway, there are other options. The beaches are the centerpieces of a program of activities in Paris aimed at creating an Olympic festival for visitors descending on the city during the 2024 summer Games. Entry is via a lottery through the Paris Olympic Games app.

Persons: it’ll, Saint Martin, Pierre Rabadan, It’s, Fabien it’ll, Versailles –, Garnier Organizations: Paris CNN, CNN, Olympics, Petit Palais, Games, Concorde, Eiffel, Paris Olympic Locations: France, French, Paris, Nice, Saint, Villette, Paris ’, Petit, Marais, Versailles

☆ The tattoo industry is facing a reckoning, with customers fed up with bad artists, overpricing, and sexism
▼ + stars: | 2024-06-05 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Jason John Miles, a tattoo artist and content creator, said the industry is in a "bad state." According to data from Fortune Business Insights, the tattoo industry is expected to reach $3.92 billion by 2030. "Consumers are less likely to put up with bullshit from tattoo artists and tattoo shops," Dominique said. There are tons of good male tattoo artists, she said, and there is still a market for them. Despite the current challenges, artists who spoke with BI said they were hopeful about the tattoo industry.

Persons: —, Jason John Miles, Jason Barry Hua, Hua, Allan Buhl, we've, Buhl, they've, Dominique, They're, Statista, Gen Zers, There's, Courtney Monteith, overcharged, they're, Elaine, Kee Kee James, Mikhaila Friel Organizations: Service, Business, Pew Research Center, Fortune Business, birmingham, BI Locations: New York, United States, Florida

☆ Shanghai stock exchange probes Zhejiang King after its public listing halt
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

A security guard stands at the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, February 3, 2020. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Oct 8 (Reuters) - The Shanghai Stock Exchange said it will probe Zhejiang King Co Ltd after the Chinese maker of air conditioners halted its initial public offering (IPO) amid media reports about alleged issues such as the overpricing of shares. Zhejiang King on Saturday said it will suspend the new share subscription procedure initially scheduled on Monday because of the media reports, without specifying the nature of those reports. Zhejiang King said in its prospectus published last month that assets related to its air conditioner business were indirectly acquired from a different listed air conditioner company via a series of asset restructuring schemes. Zhejiang King said last month it aimed to raise 2.38 billion yuan ($325.98 million) at 68.07 yuan per share.

Persons: Aly, Zhejiang King, Roxanne Liu, Ryan Woo, Christian Schmollinger Organizations: Shanghai Stock Exchange, REUTERS, Rights, Zhejiang King Co, China Securities Index Co, Thomson Locations: Pudong, Shanghai, China, Rights BEIJING, Zhejiang King, Zhejiang

☆ Be ready for the S&P 500 to crash by 50%, house prices to slide, and a recession to strike, Jeremy Grantham says. Here are the elite investor's 16 best quotes from a new interview.
▼ + stars: | 2023-10-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

The elite investor sees house prices falling and predicts a recession will strike next year. AdvertisementAdvertisementJeremy Grantham floated the possibility of a 50% crash in the S&P 500, predicted US house prices would drop, and rang the recession alarm during the latest episode of Bloomberg's "Merryn Talks Money" podcast. They're vulnerable on the debt front, vulnerable on the financial front, and vulnerable on a broad economic front." "An over 40-year period of driving down mortgage rates, of course you drove up house prices all over the world, pretty much. "House prices are worse for the ordinary household.

Persons: Jeremy Grantham, —, Merryn, bitcoin, It's, Russell, overpricing, it's, They've Organizations: Service, Commodities

☆ Brad Gerstner says AI will be bigger than the internet, bigger than mobile
▼ + stars: | 2023-09-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even trump the internet. "AI is going to be bigger than the internet, bigger than mobile and bigger than cloud software," Gerstner said at CNBC Delivering Alpha Investor Summit on Thursday in New York. The widely followed tech investor called the rise of AI a "super-cycle" just like the dotcom boom in the late 1990s. Gerstner said he's grown hopeful about the coming years as the Federal Reserve nears the end of its tightening cycle. Learn more about CNBC's Delivering Alpha investor summit here.

Persons: Brad Gerstner, Gerstner, chatbot, he's, we're Organizations: CNBC Delivering Alpha, Nvidia, Federal Reserve, Microsoft, Alpha Locations: New York

☆ The AI market will probably work out 'extremely well' in the long run, venture capital firm says
▼ + stars: | 2023-09-19 | 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 AI market will probably work out 'extremely well' in the long run, venture capital firm saysAlfred Chuang, founder and general partner at Race Capital, says "my crystal ball would say … tech needs overpricing and overinvestment for it to propel fast enough to satisfy the appetite of the user."

Persons: Alfred Chuang Organizations: Race

☆ The 10-year Treasury yield hit its highest level since 2007. What it means for stocks
▼ + stars: | 2023-08-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The U.S. 10-year Treasury yield climbed to its highest level since 2007 this week. Meanwhile, the 30-year Treasury yield reached its highest point since 2011. What's more, higher yields are typically a negative for tech and growth stocks — this year's best-performing group — as they lessen the value of their promised future earnings. Ned Davis Research's Joseph Kalish said Monday he expects the 10-year Treasury yield could rise to 5.25%, citing risks to the bond market on inflation expectations. US10Y YTD mountain U.S. 10-year Treasury yield YTD "The market has been consistently underpricing the risk of additional rate hikes and overpricing the speed of rate cuts," Kalish wrote.

Persons: Ned Davis Research's Joseph Kalish, Kalish, Strategas, Chris Verrone, 133bps, Verrone, Wolfe, Chris Senyek, Morgan Stanley's Matthew Hornbach, it's, Tom Essaye, — CNBC's Michael Bloom, Chris Hayes Organizations: Treasury, Federal Locations: U.S

☆ Market overpricing odds of Fed rate cut after cooler inflation data: Wells Fargo
▼ + stars: | 2023-07-12 | 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 EmailMarket overpricing odds of Fed rate cut after cooler inflation data: Wells FargoMichael Schumacher, Wells Fargo Securities head of macro strategy, reacts to falling Treasury yields and the CPI report on 'Fast Money.'

Persons: Wells, Wells Fargo Michael Schumacher Organizations: Wells Fargo, Wells, Wells Fargo Securities Locations: Wells Fargo

☆ Value stocks are on sale and growth stocks look overpriced, says Charlie Bobrinskoy
▼ + stars: | 2023-07-11 | 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 EmailValue stocks are on sale and growth stocks look overpriced, says Charlie BobrinskoyCharlie Bobrinskoy, vice chairman of Ariel Investments, joins 'The Exchange' to discuss growth stocks outperforming value due to recession fears, overpricing of tech stocks, and investment opportunities in value stocks.

Persons: Charlie Bobrinskoy Charlie Bobrinskoy Organizations: Ariel Investments

☆ Legendary investor Jeremy Grantham says the stock bubble is still deflating and the market will bottom in 2024 amid the Fed's 'horror show'
▼ + stars: | 2023-03-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The stock bubble is still in the process of deflating and the market won't bottom until 2024, Jeremy Grantham said. The legendary investor blasted the Fed's monetary policy as a 36-year-long "horror show." He foresaw mild pain in the year ahead for investors, warning of a falloff in equities around April. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. That's similar to the rallies seen prior to the burst of the dot-com bubble, when the Nasdaq Composite plunged 40% in 2001.

☆ The stock market's euphoric rally has been a head fake, Wall Street's top strategists warn
▼ + stars: | 2023-02-25 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +5 min

The year-to-date rally can't last, according to Morgan Stanley's chief US equity strategist. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. He added: "This is a perfect analogy for where equity investors find themselves today, and quite frankly, where they've been many times over the past decade." Goldman Sachs' chief US equity strategist David Kostin has said he is also skeptical of the market's gains so far in 2023. Meanwhile, JPMorgan's top stock strategist Marko Kolanovic, a long-time equities bull, says investors should ditch stocks because a recession is coming.

☆ A former BlackRock stock chief says he thinks the S&P 500 will fall another 17% as investors ignore a growing mountain of tell-tale recession signals
▼ + stars: | 2023-02-18 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Doll says the S&P 500 will drop to 3,400 if a mild recession unfolds. If a more normal recession (more severe than a mild downturn) comes, Doll said the index could fall to 3,000. The Fed's recession probability tracker based on the yield curve also now puts the odds of a recession at 57%. Subramanian expects the S&P 500 to fall as low as 3,000, a view shared by Morgan Stanley's Mike Wilson. If trouble hits, like Doll and much of Wall Street expects, stocks could extend their fall to new lows.

☆ Wall Street luminaries say it's time to get out of the stock market before the Fed crushes the economy
▼ + stars: | 2023-02-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Tuesday's CPI data showed inflation climbed 0.5% in January, slightly higher than expected, and year-over-year it slowed to 6.4%. Prices, it seems, aren't cooling down as smoothly or quickly as anyone wants, especially the Fed. To Kolanovic, a recession is all but guaranteed if the Fed is serious about its 2% inflation target. And like Kolanovic, Morgan Stanley Wealth Management investment chief Lisa Shalett warned that Fed policy is going to pull stocks lower. US stock futures fall early Wednesday, as investors pick over yesterday's CPI inflation report to assess what it means for the Fed.

☆ Markets 'overpricing' Indian banks' risk from Adani exposure - Societe Generale
▼ + stars: | 2023-02-01 | by ( Anshuman Daga | ) www.reuters.com time to read: +2 min

SINGAPORE, Feb 1 (Reuters) - Markets are "overpricing" the risk to Indian lenders from their exposure to Adani Group, which was targeted last week in a report by short-seller Hindenburg Research, Societe Generale said, adding that a sell-off in banking shares seems overdone. The allegations in the report, which the ports-to-energy conglomerate has denied, triggered a $65 billion rout in the Indian billionaire's stocks. "We think the market is overpricing the related risks, as we calculate the sector's direct exposure to the Adani group at just 0.6%," they added. Assuming no significant change in the debt structure over the past year, SocGen estimated that Indian banks' loan exposure to Adani was close to $10 billion, just 0.6% of total banking sector loans at nearly $1.5 trillion. It said Indian banks were among the "best positioned" to gain from a rebound in capital expenditure and said it expected more "favourable" valuations post the correction.

☆ U.S. dollar likely has further upside vs yen despite BOJ move -Goldman
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

On Tuesday, the dollar plunged as much as 4% against the yen, its largest daily percentage fall since 1998. The U.S. currency, however, rebounded on Wednesday, and was last up 0.4% at 132.28 yen. Goldman assumed that, for now, the BOJ move was a technical adjustment and a "sign that policy rates could be adjusted further in coming month", although the basic BOJ framework remained unchanged. This should drive dollar/yen higher over the coming months, Goldman noted. For now, however, Goldman is closing its long dollar/yen position as the market is likely to price in a more meaningful BOJ policy change, which the U.S. investment bank said is a real possibility.

☆ Investors are putting too much faith in China's reopening as sick workers will drag on the economy, Saxo strategist says
▼ + stars: | 2022-12-15 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Investors shouldn't count on China's reopening to run smoothly, a Saxo Markets strategist has warned. Beijing pivoted away from its zero-COVID strategy last month, fueling hopes of an economic rebound. But workers calling in sick could drag on economic activity, Charu Chanana said. Workers calling in sick would likely weigh on economic activity by driving down production levels. Read more: Expect Chinese stocks to rally hard now that Beijing has set a 'clear path' to reopening, Morgan Stanley says

☆ High frequency data shows U.S. economy is not heading for recession, economist says
▼ + stars: | 2022-12-06 | 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 EmailHigh frequency data shows U.S. economy is not heading for recession, economist saysSteen Jakobsen, chief investment officer at Saxo Bank, says the market is overpricing a U.S. recession and explains why investors should be stripping out companies with "intangible" products, such as Big Tech.

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