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☆ 'The Flash' reportedly has a 'secret ending' that Warner Bros. is trying to keep from leaking before it hits theaters
▼ + stars: | 2023-06-03 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +2 min

"The Flash" reportedly has a "secret ending" that studio Warner Bros. is trying to keep under wraps. Warner Bros. is trying to "keep the 'secret ending'" of "The Flash" "under wraps" ahead of its June 16 release, Variety's Tatiana Siegel reported Saturday. Now the ending has been settled, but the studio is still trying to keep its contents from leaking to the general public. In showings on the Warner Bros. lot in Burbank this week, Siegel reported, the final scene was intact but "key elements" were blurred out. Siegel reported that a script for a sequel has already been written.

Persons: Ezra Miller, Variety's Tatiana Siegel, Miller, Jason Guerrasio, Guerrasio, — didn't, Siegel, Andy Muschietti, wouldn't, Muschietti, Miller's Organizations: Warner Bros, Morning, CinemaCon Locations: CinemaCon, Burbank

☆ If there's no dramatic market change, retail will have repricing opportunities: BMO's Simeon Siegel
▼ + stars: | 2023-06-02 | 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 EmailIf there's no dramatic market change, retail will have repricing opportunities: BMO's Simeon SiegelSimeon Siegel, senior analyst at BMO Capital Markets, joins 'Closing Bell' to discuss Lululemon seeing a surge in its stock after a Q1 earnings sales beat.

Persons: BMO's Simeon Siegel Simeon Siegel Organizations: BMO Capital Markets

☆ Wharton professor Jeremy Siegel says investors' hopes of a Fed pause are pushing stocks higher – and skipping a rate hike would lower the risk of a US recession
▼ + stars: | 2023-06-02 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Wharton professor Jeremy Siegel said hopes of a Fed pause are fueling the stock market rally. Siegel also said US stocks are unlikely to surge this year despite momentum from AI hype. The prospect of a Fed pause is a "major source of a rally today," Siegel said in a CNBC interview on Thursday. The stunning rally in tech stocks partly reflects explosive hype around AI following to blockbuster debut of OpenAI's ChatGPT tool. He also reaffirmed his view that the craze over AI stocks isn't anywhere near a bubble, while noting valuations could eventually go overboard.

Persons: Wharton, Jeremy Siegel, Siegel, —, I've, he's Organizations: Service, Federal, CNBC, Microsoft, Nvidia, Nasdaq

☆ Job site ZipRecruiter cutting 20% of its staff
▼ + stars: | 2023-06-01 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Fewer employers looking for workers means 270 employees at job search site ZipRecruiter will soon be out of a job. The company is cutting 20% of its staff by the end of this month, the company disclosed in a filing late Wednesday. Alphabet, Microsoft and Salesforce — and especially Twitter — have all announced large job cuts. Despite all the job cuts in technology and also in media, US employers overall are still hiring more people than they’re cutting. Economists are also forecasting a gain of 190,000 jobs for May when the Labor Department issues its monthly jobs report Friday.

Persons: “, Ian Siegel Organizations: New, New York CNN, ”, Facebook, Meta, Microsoft, Twitter, Labor Department, Labor Locations: New York

☆ 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

☆ Watch CNBC’s full interview with Wharton's Jeremy Siegel, Virtus’ Joe Terranova and SoFi’s Liz Young
▼ + 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 EmailWatch CNBC’s full interview with Wharton's Jeremy Siegel, Virtus’ Joe Terranova and SoFi’s Liz YoungWharton's Jeremy Siegel, Virtus’ Joe Terranova and SoFi’s Liz Young, join 'Closing Bell' to discuss the Fed's next move and how it'll impact the market and economy.

Persons: Wharton's Jeremy Siegel, Virtus ’ Joe Terranova, SoFi’s Liz Young, Jeremy Siegel Organizations: Virtus ’

☆ The Student Loan Payment Pause Is Ending. Here’s How to Prepare.
▼ + stars: | 2023-06-01 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

After a three-year break, student loan payments are about to come due again. The payment pause on federal loans has been extended eight times since March 2020 as part of a pandemic relief measure. That isn’t much different from the timeline that Mr. Biden previously laid out, but codifying it may give him less leeway to extend the pause yet again. The payment break has provided relief for roughly 27 million borrowers and another seven million in default, who received a reprieve from wage garnishment and other collection efforts. Your finances may look completely different from what they were three years ago, which is why borrowers should take a moment to evaluate where they stand — ideally well before loan servicers are crushed with calls and inquiries.

Persons: Biden, Kevin McCarthy

☆ Wharton professor Jeremy Siegel doesn't see the mania around AI stocks as a bubble - and says it's impossible to predict where they'll peak
▼ + stars: | 2023-05-30 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

The mania around AI stocks isn't a bubble, Wharton professor Jeremy Siegel told CNBC. While these tech stocks may be overvalued long term, no one can predict where they'll peak, he said. He contrasted current AI boom with the dot-com bubble of the 1990s where there were "tremendous valuations from companies that had no earnings." Siegel added that he thinks the S&P 500 could come out a winner from the banking turmoil that unfolded over the past few months because these mega-cap stocks have credit availability. "The problem is, if the credit conditions slow the whole economy, then there's going to be a slowdown in spending that can affect everybody — even though they have credit availability and liquidity in those stocks," Siegel added.

Persons: Wharton, Jeremy Siegel, —, Jeremy Siegel doesn't, Siegel Organizations: CNBC, Nvidia, Service, Microsoft, Apple, Silicon Valley Bank Locations: Silicon

☆ '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.

☆ 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.

☆ Why job searches suck right now
▼ + stars: | 2023-05-22 | by ( Adrienne Matei | ) www.businessinsider.com time to read: +13 min

Finding a job right now isn't only tough, it's deeply weird. Individually, ghost-job postings can erode both trust in the job market and the morale of job seekers who are applying to hundreds of positions and never hearing back. On a macro level, ghost-job postings contribute to a skewed sense of how many opportunities are really out there for US job seekers right now. Job platforms — including LinkedIn, ZipRecruiter, Indeed, and Monster — also use language-processing AI tools to filter applicants. Suddenly, knowing how to work with AI tools and resources is an important edge for job seekers to have.

☆ Your Job Search Sucks Right Now Due to AI Hiring, Ghost Job Listings
▼ + stars: | 2023-05-22 | by ( Adrienne Matei | ) www.businessinsider.com time to read: +13 min

Finding a job right now isn't only tough, it's deeply weird. On a macro level, ghost-job postings contribute to a skewed sense of how many opportunities are really out there for US job seekers right now. Job platforms — including LinkedIn, ZipRecruiter, Indeed, and Monster — also use language-processing AI tools to filter applicants. And now, generative AI tools like ChatGPT are contributing to job loss. Suddenly, knowing how to work with AI tools and resources is an important edge for job seekers to have.

☆ 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.

☆ Bath and Body Works' stock surges after it raises guidance, beats on earnings
▼ + stars: | 2023-05-18 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Bath and Body Works ' stock jumped more than 10% in premarket trading Thursday after it beat fiscal first quarter earnings expectations and raised its guidance. It expects adjusted earnings per share to be between $2.68 and $3.08 for the year. The retailer expects earnings per share of 27 to 32 cents in the next quarter, compared to an estimate of 32 cents a share. It reaffirmed its full year sales forecast of flat net sales to a mid-single digit decline. As consumers become more cautious and retail discounts and promotions tick up against a tough macroeconomic backdrop, Bath and Body Works margins dropped.

☆ Wharton professor Jeremy Siegel says the current credit squeeze is equal to 3 or 4 interest-rate hikes - and urges the Fed to pause its war against inflation
▼ + stars: | 2023-05-16 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Wharton professor Jeremy Siegel said the ongoing credit squeeze is equivalent to three or four Fed rate hikes. Siegel urged the Fed to pause its inflation war given tightening credit conditions and the central bank's lagged economic data. "They're in dangerous territory of precipitating a recession," Siegel said. "I actually think the tightening caused by this crisis is equivalent to three or four 25 basis point hikes of the Fed," Siegel said Monday in a Fox Business interview. The Fed has been persistent in its war against inflation, even though price pressures have showed promising signs of cooling.

☆ As shoppers look for savings, Nordstrom hopes Rack stores can fuel its revival
▼ + stars: | 2023-05-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

The success or failure of the Nordstrom Rack turnaround effort could shape the company's future. Those chains such as T.J.Maxx , Ross Stores and Burlington Stores , have opened more stores and wooed new customers, driving higher foot traffic than Nordstrom Rack has seen. Nordstrom Rack stores outnumber the company's namesake stores, with 241 locations across the country, according to company filings. Nordstrom Rack stores accounted for more than 40% of new customers in 2022, CEO Erik Nordstrom said on the March earnings call. As it pins its growth hopes on the off-price locations, Nordstrom has turned Rack stores into e-commerce hubs, too.

☆ If the Fed doesn't cut rates, it will be 'tougher sledding' for the market this year, says Jeremy Siegel
▼ + stars: | 2023-05-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Wharton finance professor Jeremy Siegel is expecting some months of negative job growth later this year, and if the Federal Reserve doesn't respond with rate cuts, the market could struggle, he said Wednesday. "The worry I have is the Fed is going to say … 'We're going to stay tight,'" Siegel said on CNBC's " Halftime Report ." If the Fed doesn't cut, then it's going to be tougher sledding for the markets." Siegel said he sees a "meaningful" gain in the stock market this year if Fed officials "will respond to the downside as rigorously as they responded to the upside." However, he warned, if the central bank doesn't respond quickly, he sees a more "muted" return of 5% to 10% for the year.

☆ Further restrictions on lending will trigger negative payroll growth, says Wharton's Jeremy Siegel
▼ + stars: | 2023-05-10 | 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 EmailFurther restrictions on lending will trigger negative payroll growth, says Wharton's Jeremy SiegelWharton School Professor Jeremy Siegel joins 'Halftime Report' to discuss the overhanging fear of recession, signs of cooling inflation data, and the impact of the banking crisis on lending.

☆ Under Armour sends potential warning sign about retailers' profits
▼ + stars: | 2023-05-09 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

The company drove higher sales, in part, by offering lower prices. The company's Chief Financial Officer David Bergman chalked up the margin decline to higher promotions as Under Armour marked down merchandise from prior seasons and sold it through off-price retail. The company said it expects margins will still be under pressure as higher promotions outweigh lower freight costs. Simeon Siegel, a retail analyst for BMO Capital Markets, said the pandemic gave retailers a chance to press the reset button. As of the end of the quarter, Under Armour had nearly $1.2 billion in inventory, up 44% year over year.

☆ BMO's Simeon Siegel on upgrading Peloton to market perform
▼ + stars: | 2023-05-08 | 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 EmailBMO's Simeon Siegel on upgrading Peloton to market performSimeon Siegel, BMO Capital Markets, joins 'Power Lunch' to discuss BMO upgrading Peloton to market perform from underperform.

☆ Here's why Wharton's Jeremy Siegel thinks the bar is 'extremely high' for another Fed rate hike
▼ + stars: | 2023-05-08 | 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 EmailHere's why Wharton's Jeremy Siegel thinks the bar is 'extremely high' for another Fed rate hikeWharton School Professor Jeremy Siegel joins 'Squawk Box' to discuss the stronger-than-expected jobs data, why he believes the Fed is done raising rates for the time being, and more.

☆ Mortgage Fees, (Seriously), Spurred Outrage on TikTok. Here’s Why.
▼ + stars: | 2023-05-07 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Mortgage fees usually induce yawns and glazed-over eyes. But when word began circulating last month that updated pricing would cost some home buyers more, it resulted in viral TikTok videos with thousands of outraged comments misinterpreting the new rules. Many critics raised similar questions: Why were some borrowers with lower credit scores and down payments receiving improved pricing on their mortgage rates, while others with high credit scores and larger down payments were being charged more? To clear up any confusion, the federal regulator behind the new pricing had to issue a statement: Sparkling credit still pays. “You still get a better rate and loan pricing if you make a higher down payment and have better credit,” said Bob Broeksmit, president and chief executive of the Mortgage Bankers Association, an industry trade group.

☆ 'Bar is very high' for another Fed rate hike, says Wharton Professor Jeremy Siegel
▼ + stars: | 2023-05-05 | 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 Email'Bar is very high' for another Fed rate hike, says Wharton Professor Jeremy SiegelJeremy Siegel, Professor at Wharton School of Business, joins 'Closing Bell' to talk next steps for the Federal Reserve, the U.S. jobs report, and regional banks.

☆ Macy’s opens more strip mall stores as expansion strategy faces pivotal test
▼ + stars: | 2023-05-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +11 min

The shops, called Market by Macy's and Bloomie's, are about one-fifth of the size of the retailer's typical Macy's and Bloomingdale's stores. It has not announced the locations of the four Market by Macy's stores, but said the additional Bloomie's store will be in Seattle. By opening the strip-mall shops, the retailer could steal business away from its larger namesake mall stores. Market by Macy's stores have worked best in shopping centers with grocery anchors or stores such as off-mall retailers that draw traffic, Mastronardi said. Melissa Repko | CNBCInside of Market by Macy's, shoppers find a narrower mix of merchandise than in the mall stores.

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