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☆ Stock market investors need to start worrying about Americans running out of savings, SoFi strategist says
  + stars: | 2023-02-17 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
That could stop this year's stock market rally in its tracks, according to SoFi's Liz Young. “What the equity market is not pricing in at this point, or is not worried enough about, is consumer spending,” she said Thursday. "I question some of the narrative around us having all these pent-up savings and sitting on these stockpiles of cash," Young said. It also bucks the stock market itself, which has surged at the start of 2023. Read more: The prediction war between stock market bulls and bears is reaching a feverish pitch.
☆ Watch CNBC's full interview with SNAP's Evan Spiegel
  + stars: | 2023-02-16 | 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 SNAP's Evan SpiegelCNBC's Julia Boorstin sits down with SNAP CEO Evan Siegel to discuss the increase in active users and the company's roadmap for how it will exceed 1 billion users.
☆ People open Snapchat 40 times a day to talk with friends and family, says SNAP CEO Evan Spiegel
  + stars: | 2023-02-16 | 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 EmailPeople open Snapchat 40 times a day to talk with friends and family, says SNAP CEO Evan SpiegelCNBC's Julia Boorstin sits down with SNAP CEO Evan Siegel to discuss the increase in active users and the roadmap for how it will exceed 1 billion users.
☆ Wall Street watchdog set to adopt rules aimed at GameStop-type risk
  + stars: | 2023-02-15 | by ( Douglas Gillison | ) www.reuters.com   time to read: +2 min
The U.S. Securities and Exchange Commission (SEC) was also due to vote on whether to propose changing rules protecting client assets held by investment managers. Trade groups have broadly welcomed the commission's proposal to cut the so-called settlement cycle to a single business day from two, six years after an earlier SEC rule shortened the period from three days. GameStop's share price tanked after its earlier volatility resulted in a multi-billion-dollar margin call on trading platform operators such as Robinhood Markets Inc (HOOD.O). A shorter settlement cycle should see fewer defaults and thus help cut margin deposit costs, thereby reducing the chances of such a scenario recurring, according to the SEC. Reporting by Douglas Gillison; Editing by Megan Davies and Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.
☆ Asia markets set to open lower after U.S. inflation comes in higher than expected
  + stars: | 2023-02-15 | by ( Jihye Lee Lim Hui Jie | Jihye Lee | Lim Hui Jie | ) www.cnbc.com   time to read: +1 min
"Milton Friedman said 12-18 months before you can get any effect on prices," Siegel said on CNBC's "Halftime Report" on Tuesday afternoon. And it's a process that the Fed has to let go through the market." To be sure, the finance professor added that he is less certain about a rate hike following January's "unbelievable" jobs report. "That would mean, more likely that the Fed would not reduce the rate as fast in the second half in the year. He added, "I don't think anyone including the Fed knows, because they plan their increases or decreases policy 10–14 days in advance.
☆ Wharton Professor Jeremy Siegel now sees a stronger economy post-CPI
  + stars: | 2023-02-14 | 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 EmailWharton Professor Jeremy Siegel now sees a stronger economy post-CPIJeremy Siegel, Wharton professor of finance, joins the 'Halftime Report' to discuss the market response to the hotter-than-expected CPI report.
☆ Markets are kicking off a make-or-break stretch with inflation, jobs, and more Fed policy looming
  + stars: | 2023-02-14 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Fed Chairman Jerome Powell warned — once again — last week that rates may eventually end up higher than markets anticipate as the fight against inflation remains far from over. Now, ahead of the CPI report, let's check in with the outlook for stocks. To Bernstein strategist Matthew Palazzolo, today's inflation reading will kick off a momentous five-week stretch for equities. The jobs report on March 3, the next inflation report on March 14, and the Fed meeting on March 22 will shape the rest of the year for stocks, he explained to my colleague George Glover. Your best bet for where the stock market's going this year can be found in the two-year Treasury yield, according to Mohamed El-Erian.
☆ A conversation with Shark Tank's Kevin O'Leary on ChatGPT and how to invest in artificial intelligence.
  + stars: | 2023-02-11 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Kevin O'LearyKevin O'Leary is the chairman of O'Leary Ventures, a media personality, and veteran investor. Kevin O'Leary: I'm looking at the ChatGPT deal right now from an equity perspective, deciding what allocation I want to put into it. Some of the biggest firms on Wall Street are warning their clients not to trust the stock market rally. This strategist said you can tell the stock market surge is out of steam because the dollar's no longer on the retreat. Make these undervalued investments now while the stock market rally unwinds after a red-hot jobs report.
☆ A global recession could be coming - at least that's what commodity prices seem to say
  + stars: | 2023-02-09 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Right now, the chief economist at the Institute of International Finance, Robin Brooks, is watching weakening commodity prices. Specifically, Brooks pointed out that oil and copper prices have slumped roughly 6% each since mid-January, despite China's easing of zero-COVID policies. "Whatever is going on in China, there's no sign that the end of zero-COVID is boosting global growth, based on commodity prices," Brooks said in a tweet. "Oil prices never went up and copper prices are falling after the initial China reopening excitement fades." He pointed to the sharp change in oil prices last week as an example of shallower liquidity.
☆ Beyoncé's line with Adidas is reportedly struggling, driving home the challenge of filling the $2 billion hole left by Kanye West's Yeezy line
  + stars: | 2023-02-08 | by ( Matthew Kish | Lakshmi Varanasi | ) www.businessinsider.com   time to read: +3 min
The Wall Street Journal on Wednesday reported sales for the singer's Ivy Park Adidas line fell 50%. Adidas' struggles to gain traction with Ivy Park come after the brand cut ties with Kanye West. Sales of the Ivy Park line with Adidas decreased more than 50% to roughly $40 million last year, well short of the company's $250 million forecast, according to the Journal. The Adidas line with Ivy Park launched in 2020. The contract between Beyoncé and Adidas expires after 2023, according to the Journal, which reported Adidas has discussed ending or revising the deal.
☆ Jeremy Siegel: We will have a 'large decrease in rates' in the second half of the year
  + stars: | 2023-02-02 | 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 EmailJeremy Siegel: We will have a 'large decrease in rates' in the second half of the yearJeremy Siegel, Wharton School of Business professor, joins 'Squawk Box' to discuss the message from Wednesday's Fed announcement and more.
☆ Wharton professor Jeremy Siegel outlines exactly what needs to happen for the Fed to stop raising interest rates
  + stars: | 2023-02-02 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
Wharton professor Jeremy Siegel said interest rates are going to fall dramatically this year for three reasons. Negative job growth, falling inflation, and a mild recession will spur the Fed to lower rates, Siegel said. And from there, it's likely that interest rates fall in a big way. First, a negative month of payroll growth would be the spark that causes the Fed to rethink its position on interest rates. Second, a weakening economy would help push down interest rates as growth slows and the Fed shifts to a more dovish stance.
☆ Jeremy Siegel sees stocks rallying 10%-15% in 2023 as lower rates outweigh a mild recession
  + stars: | 2023-02-02 | by ( Scott Schnipper | ) www.cnbc.com   time to read: +3 min
"As important as earnings are, and they're very important, the discount rate is just as important if not more important," Siegel said. "If you bring down that discount rate, the market will say that a mild recession or even a moderate recession for a year, I'll take that. And that's why I think the market still has a good chance of giving that 10% to 15% gain." "I don't think rates are going to remain higher. "I don't think it's going to be tomorrow.
☆ Beaten down stocks like Carvana and Bed Bath & Beyond are getting a huge boost as risk appetite returns amid the Fed's acknowledgement of falling inflation
  + stars: | 2023-02-02 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Risk-on sentiment returned to the stock market on Thursday after the Fed acknowledged inflation is falling. Beaten down stocks like Carvana and Bed Bath & Beyond soared as interest rates fell in Thursday's session. But the market isn't so sure that it believes the Fed will continue to hike interest rates. While the CME Fed WatchTool suggests a 25 basis point rate hike in March is likely before a pause in rate hikes, Morgan Stanley believes Wednesday's rate hike was the last of this cycle. The drop in interest rates helped spark a significant rally in beaten down stocks on Thursday, with the technology sector leading the way.
☆ Recession 2023: Jerome Powell's Legacy Will Dictate Inflation, Stock Market, Economy
  + stars: | 2023-01-30 | by ( William Edwards | ) www.businessinsider.com   time to read: +15 min
This obsession with controlling inflation — and potentially causing serious pain for average Americans — is driven by one major factor: legacy. High inflation eats away at consumers' purchasing power, and persistent inflation seeps into expectations for price and wage adjustments, which further fuel inflation. What's more, the full impact of the Fed's rate hikes have yet to hit. Legacy actsThere are signs that certain Fed officials are ready to dial back on the inflation fight. And navigating such a tricky economy — without throwing hundreds of thousands of Americans out of work — could cement Powell's legacy.
☆ Fed needs to do 25-basis-point hikes, 50 would be a 'disaster,' says Wharton's Jeremy Siegel
  + stars: | 2023-01-27 | 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 needs to do 25-basis-point hikes, 50 would be a 'disaster,' says Wharton's Jeremy SiegelJeremy Siegel, Wharton School of business professor, joins 'Closing Bell: Overtime' to discuss the Fed's next meeting and what the next rate hike would mean for the markets.
☆ Watch CNBC's full interview with Wharton's Jeremy Siegel, Solus' Dan Greenhaus and Merrill's Marci McGregor
  + stars: | 2023-01-27 | 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, Solus' Dan Greenhaus and Merrill's Marci McGregorJeremy Siegel, Wharton School of business professor, Dan Greenhaus, Solus Alternative Asset Management chief strategist, and Marci McGregor, Merrill and Bank of America senior investment strategist, join 'Closing Bell: Overtime' to discuss the Fed's next meeting and what the next rate hike would mean for the markets.
☆ BMO downgrades Ralph Lauren shares after 50% rally, citing 'domestic pressures'
  + stars: | 2023-01-27 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
Ralph Lauren 's 50% rally in the past four months has gone too far, too fast, according to BMO Capital Markets, which downgraded the stock Friday to underperform. Siegel suspects the decline of North American margins may be due to increased marketing spending, supply chain pressures, and consumer questions regarding the average selling price of items. BMO questions whether the current level of Ralph Lauren shares—which are close to pandemic peaks—can be sustained, given the changes in consumer spending during 2021. Shares for Ralph Lauren fell 3.23% in Friday premarket trading following the call. Ralph Lauren reports results on February 9.
☆ How to get ahead in 2023
  + stars: | 2023-01-16 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
We've got top tips for stocks (and serving prison time), a path to financial freedom, and what to expect for the rest of 2023. If you want to start investing in real estate this year, Harr says don't be deterred by uncertainty or high-interest rates. US stocks got off to a choppy start in the first week of 2023, however, Goldman Sachs still sees attractive investing opportunities. According to Grant Sabatier, 2023 will be the year of the "the creator millionaire" — here's how he plans to take advantage of it. As one expert said: "2023 is going to be the survival of the fittest."
☆ Tips for investing in 2023 as a potential recession looms large
  + stars: | 2023-01-14 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Callie Cox: The biggest risks include whether the Fed can get inflation down, and whether we enter a recession. The job market and corporate earnings are the two catalysts that make me think we can avoid those risks. CC: The Fed will be more responsive to what's happening in the job market, because the job market directly impacts inflation. Services inflation — think rent, haircuts, insurance prices — is still growing at a 7% clip annually, which is way too high in the Fed's mind. And the kicker here is that services inflation is the type of inflation that the Fed can best control through the job market.
☆ Nike faces 3 obstacles that could threaten its dominance
  + stars: | 2023-01-14 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +4 min
New Adidas CEO Bjørn Gulden could reinvigorate the rivalry with Nike. Top of mind with stock pickers: Nike needs to shed inventory and get sales growing more in China. Where is the next leg of growth going to come from? Before the December earnings report, Simeon Siegel, managing director for equity research at BMO Capital Markets, told Insider Nike appeared to be turning a corner in China. Analysts also think new Adidas CEO Bjørn Gulden, who previously worked as CEO of Puma, could reinvigorate the rivalry with Nike.
☆ Watch CNBC’s full interview with Wharton's Jeremy Siegel
  + stars: | 2023-01-13 | 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 SiegelJeremy Siegel, Wharton professor, joins the 'Halftime Report' to discuss risk-reward in the markets after a small rally this week, inflation and the Fed.
☆ Inflation on a forward-looking basis is low, says Wharton's Jeremy Siegel
  + stars: | 2023-01-13 | 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 EmailInflation on a forward-looking basis is low, says Wharton's Jeremy SiegelJeremy Siegel, Wharton professor, joins the 'Halftime Report' to discuss risk-reward after a small rally this week, inflation, the Fed and the markets.
☆ Wharton's Jeremy Siegel says the U.S. has 'really solved the inflation problem'
  + stars: | 2023-01-13 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
The Federal Reserve must understand inflation has been dealt with and stop raising interest rates, according to Jeremy Seigel, a closely followed finance professor at the University of Pennsylvania's Wharton School. Seigel said on CNBC's "Halftime Report" that the market has rallied so far this year because investors see signs that inflation is coming back down. He said Thursday's consumer price index report for December was a data point that could be taken, with some tweaks, to show inflation is a problem for the country that has been "solved." "The Fed is, at some time, going to be forced to realize that we've really solved the inflation problem," Seigel said on "Halftime Report." He called it a lagging data point, pointing to other data such as rental indexes that shows housing costs have actually come down .
☆ Wharton professor Jeremy Siegel says stocks are on the cusp of a new bull market
  + stars: | 2023-01-13 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Wharton professor Jeremy Siegel believes the stock market is on the cusp of a new bull market. Siegel thinks most of Wall Street is too bearish on stocks as they expect a big sell-off in the first half of 2023. "When everyone is on one side, they're usually wrong," Siegel told CNBC on Friday. Aside from the contrarian nature of Siegel's bullish market call, he does see other reasons for stocks to move higher this year. And even if a mild recession hits the economy, it could already be priced into the market given its steep decline in 2022, Siegel said.
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