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More men are being diagnosed with advanced prostate cancer that is less likely to respond to treatments, a new study from the American Cancer Society suggests. Even more concerning than the rise in advanced cancer diagnoses is the increased number of prostate cancer deaths. “This increase is concerning and requires a new look at prostate cancer screening,” Tewari said. Essentially, that’s like 16 Boeing 747s crashing.”Black men had a 70% higher incidence of prostate cancer than white men. Declines in prostate cancer screeningIn 1994, the Food and Drug Administration approved the use of measurements of the prostate specific antigen (PSA) to be used as part of a screening test for prostate cancer.

☆ It is the time to stop raising rates, says Wharton's Jeremy Siegel
▼ + stars: | 2023-01-12 | 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 EmailIt is the time to stop raising rates, says Wharton's Jeremy SiegelJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box'' to discuss deflation signals, the time to stop raising rates, and why the Fed should shift its focus away from wages and structural changes.

☆ Don't snap up stocks just yet – but stay alert as the Fed could soon spark a rally by wrapping up its rate-hiking campaign, a JPMorgan strategist says
▼ + stars: | 2023-01-12 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Investors shouldn't pile into stocks yet — but should be ready to jump in, a JPMorgan strategist said. "We think they're close to wrapping it up, thank goodness," Phil Camporeale told CNBC Wednesday. Camporeale told CNBC's "Closing Bell" on Wednesday. But the bank is readying itself for any potential Fed-fueled rally by snapping up call options on some S&P 500 stocks, Camporeale said. "Right now we're long some calls on the S&P," Camporeale told CNBC.

☆ Lululemon is everywhere and that's a problem
▼ + stars: | 2023-01-09 | by ( Danni Santana | ) www.businessinsider.com time to read: +4 min

At the ICR conference, Lululemon said it now expects gross margin to be down 90-110 basis points. At the ICR conference Monday, Lululemon said it now expects gross margin to be down 90-110 basis points, compared to small gains expected late last year. Lululemon does not break out Mirror sales in quarterly earnings. Adidas, as an example, expects gross margin to be down 900 basis points following its split from Ye, he wrote in a note Monday. "Inventory growth has likely peaked, which should alleviate gross margin pressure in FY23," he said.

☆ Two classic books on long-term investing are out in new editions
▼ + stars: | 2023-01-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Two classic books on long-term investing are out in new editions. In December, the Wharton School's Jeremy Siegel published a new (6th) edition of his classic, Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies. Like Malkiel, Ellis urged investors to diversify into low-cost index fund investing, which was a radical idea because there were no low-cost index funds at the time! The market eventually caught up with Malkiel, Siegel, Ellis and Bogle. Investors now had not just an index fund, they had a low-cost, tax-efficient wrapper they could buy it in.

☆ Wharton professor Jeremy Siegel channels Warren Buffett in explaining the problem behind Tesla's epic stock price decline
▼ + stars: | 2023-01-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Jeremy Siegel used a quote from Warren Buffett to explain the problem behind Tesla's epic stock price decline. "It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price," Buffett once said. "The problem with Tesla was always the price, and I think that's the bottom line," Siegel said. Tesla stock has erased just over $900 billion in market value over the past year, with the stock price falling more than 70% from its record high. The full Buffett quote Siegel may be referring to is: "It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price."

☆ Wharton professor Jeremy Siegel outlines the 3 big surprises that could shake up the stock market in 2023
▼ + stars: | 2023-01-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Wharton professor Jeremy Siegel sees three big surprises shaking up the stock market in 2023. I think we might see a 2% to 3% fed funds rate by the end of the year," Siegel said. I think there might be some real surprises [in 2023]," Siegel said. These are the three potential surprises investors should keep an eye on in 2023, according to Siegel. I think the first half might be the increase that surprises people, because the market is very forward looking," he said.

☆ Watch CNBC’s full interview with Wharton's Jeremy Siegel, G Squared’s Victoria Greene and Requisite’s Bryn Talkington
▼ + stars: | 2022-12-30 | 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, G Squared’s Victoria Greene and Requisite’s Bryn TalkingtonWharton's Jeremy Siegel, G Squared’s Victoria Greene and Requisite’s Bryn Talkington join 'Closing Bell: Overtime' to discuss the dismal year for stocks and look ahead to next year.

☆ Wharton's Jeremy Siegel still against the Fed, bullish on stocks in 2023
▼ + stars: | 2022-12-30 | 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 Jeremy Siegel still against the Fed, bullish on stocks in 2023Jeremy Siegel, Wharton School of Business, joins 'Closing Bell: Overtime' to discuss a dismal year for stocks and what he believes the next year will look like for markets.

☆ Crumbling tech stocks and recession fears have cratered the fortunes of the wealthiest Americans including Elon Musk and Jeff Bezos.
▼ + stars: | 2022-12-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Britta Pedersen-Pool/Getty Images; Arif Hudaverdi Yaman/Getty Images; KENZO TRIBOUILLARD/Getty Images; Mike Cohen/Getty Images; Yuqing Liu/Business Insider1. Besides the fallen crypto king, many of these shrinking fortunes can be chalked up to this year's bloodbath in the tech stocks. How has Elon Musk's involvement with Twitter impacted your outlook for Tesla stock? Tesla stock price on December, 29, 2022 Markets Insider10. Tesla stock climbed Wednesday as dip-buyers poured into the EV maker.

But the sheer number of nurses working travel jobs, and the difference between what they thought was promised and what they pocketed, has led to a substantial legal pushback by travel nurses around the country on the issue. Courtesy Jordyn BashfordThis summer, Stueve Siegel Hanson, a Kansas City, Missouri, law firm, filed class-action lawsuits against four travel nurse agencies: Aya, Maxim, NuWest and Cross Country. Advertisements touted an hourly rate of $8 to $11, but many nurses wound up making less than $6, according to Pan Travelers, a professional association of travel nurses. But by February, after her first 13-week contract, Covid hospitalizations had waned and the demand for travel nurses had fallen. Mark Humphrey / APTwo travel nurses walk the hallways during their shift at a hospital in Rhode Island.

☆ US stocks could surge 20% in the first 6 months of 2023 as the Fed wraps up its inflation fight, Wharton professor Jeremy Siegel says
▼ + stars: | 2022-12-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

US stocks could soar up to 20% in the first half of next year, Jeremy Siegel said. The Fed may cut interest rates to as low as 2% by the end of 2023, the Wharton professor said. Improved worker productivity might shore up company profits and buoy stocks, Siegel said. The Wharton finance professor and author of "Stocks for the Long Run" predicted the Fed will cut its benchmark interest rate to between 2% and 3% by the end of 2023. Improved productivity could support larger profit margins, and low real interest rates today by historical standards should underpin higher stock valuations, he continued.

☆ Top Marketers Are Turning Their Side Projects Into Legitimate Businesses
▼ + stars: | 2022-12-27 | by ( Patrick Coffee | ) www.wsj.com time to read: +7 min

Turning side projects into stand-alone businesses or full-time occupations can be difficult or even impossible for chief marketing officers, whose jobs have become increasingly demanding and complex. “I loved the idea of Paris, especially as a place that I might someday pluck up the courage to start the company,” said Ms. Howard. Dashlane was unaware that Ms. Howard was developing a new company until she announced her resignation, she said. Soon after he left the soft-drink giant, Mr. Cottrill received a call from industry veteran Gary Koepke. New ideas, new challengesWorking on side projects has helped marketers develop different skill-sets and, in some cases, explore new careers.

☆ 3 things that should be worrying Nike
▼ + stars: | 2022-12-26 | 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. Analysts are also wondering how much competition Nike will face from Adidas under its new CEO Bjørn Gulden. 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.

☆ Gen Zers and millennials are turning to freelancing in greater numbers than ever before. Here's why.
▼ + stars: | 2022-12-23 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Gen Zers and millennials were more likely to pursue freelance work, it found. The reasons for freelancing vary, but common factors include flexibility and the desire for control. The platform's "Freelance Forward 2022" report, which studied 3,000 professionals, found Gen Z and millennials were the most likely to explore freelancing: In 2022, 46% of millennial professionals and 43% of Gen Z professionals surveyed performed freelance work. Insider spoke with Lilani, two millennial freelancers, and two Gen Z freelancers to learn why the type of work had attracted two generations of young professionals. For instance, Iyana Jones-Reese is a freelance photographer on top of her full-time job, while Levi Newman writes Amazon product descriptions for a living.

☆ Nike's gross margins will get better early next year, says BMO's Simeon Siegel
▼ + stars: | 2022-12-20 | 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 EmailNike's gross margins will get better early next year, says BMO's Simeon SiegelSimeon Siegel, BMO Capital Markets senior retail analyst, joins 'Closing Bell' to discuss Nike's earnings following the company's announcement.

☆ A Twitter user poll voted Elon Musk out. Here's how the chaos impacts Tesla
▼ + stars: | 2022-12-19 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

But first, Elon Musk staked his Twitter leadership on a poll and it closed just minutes ago. Elon Musk topped off a turbulent week by launching a poll asking Twitter users whether he should quit as CEO. After SEC filings showed Musk sold about $3.6 billion of Tesla stock, its share price tumbled more than 15% amid a growing view that Twitter is becoming a distraction. This is a developing story and Tesla stock is currently up almost 5% in premarket trading. ICYMI: Phil Rosen, your usual host of this newsletter, discussed the "stunning" state of America's oil industry with Citi's Ed Morse.

☆ Premarket stocks: Why the market is obsessed with unemployment
▼ + stars: | 2022-12-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Stocks plunged earlier this month after the closely watched November jobs report showed a resilient labor market. They fell again on Thursday when weekly numbers showed the number of Americans filing for unemployment benefits fell, indicating a still-tight labor market. “There’s an imbalance in the labor market between supply and demand,” he said, adding that it will take a “substantial period” to fix that imbalance. That path to the Fed’s 2% inflation target is through the jobs market. “There will be some softening in labor market conditions,” Powell said.

☆ US inflation is history, unemployment may spike, and stocks could surge 15% next year, Jeremy Siegel says. Here are the Wharton professor's 12 best quotes from this week.
▼ + stars: | 2022-12-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Siegel suggested the stock market has bottomed already and could jump 15% next year. Moreover, he suggested the US stock market has already bottomed, and could surge as much as 15% next year. Here are Siegel's 12 best quotes this week, broken down by subject and lightly edited for length and clarity:Inflation1. "We really could see a rapid softening of of the labor market as they realize that they don't have to hoard labor anymore." Even a mild recession would not cause earnings to go down enough to cause a new low in the stock market."

☆ 'A very steep recession' is guaranteed if the Fed continues with its hawkish interest rate hikes in 2023, Wharton professor Jeremy Siegel says
▼ + stars: | 2022-12-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A recession is guaranteed in 2023 if the Fed goes forward with more interest rate hikes, according to Jeremy Siegel. "The talk of going higher and staying high through 2023 I think would guarantee a very steep recession," Siegel said. "The talk of going higher and staying high through 2023 I think would guarantee a very steep recession," Siegel said. That suggests the Fed will like interest rates three times next year via 25-basis point rate hikes, whereas the market currently expects two 25-basis point rate hikes next year. It's hard for me to see they're pushing inflation up when they don't even match inflation," Siegel said.

☆ Wages since the pandemic have not matched the increase in prices, says Jeremy Siegel
▼ + stars: | 2022-12-16 | 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 EmailWages since the pandemic have not matched the increase in prices, says Jeremy SiegelJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins 'Squawk on the Street' to discuss fears related to the Fed's monetary policy decisions, wages not matching inflation since the pandemic, and negative trends in the money supply as a deflation indicator.

☆ US stocks slide for 3rd straight day after hawkish shock from Fed overpowers progress on inflation
▼ + stars: | 2022-12-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks extended their sell-off on Friday as investors continued to fret about a hawkish Fed that appears determined to keep interest rates high through 2023. Stocks initially rallied at the start of the week after the November CPI report showed progress on inflation. "I think the Fed is making a terrible mistake. Perhaps more upsetting to investors than the expected rate hike was the Fed's 2023 year-end Fed Funds rate projection of 5.1%. That assumes three more interest rate hikes of 25 basis points in 2023, which was more than what markets were expecting heading into the Fed's FOMC meeting.

☆ The Fed's inflation forecast was wrong and Powell shouldn't be trying to water down recession risks, according to RBC
▼ + stars: | 2022-12-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The Fed was wrong again on its inflation forecast on Wednesday, according to RBC. Powell also shouldn't try to water down recession risks, since some Fed officials already see a recession in the cards. "Some of their economic projections are just head-scratchers," Porcelli said in a note on Wednesday, pointing to central bankers' inflation projections for next year. The unexpected revision in inflation projections could be because officials likely submitted their estimates before the release of the November Consumer Price Index report, which saw inflation cool to 7.7%. "He shouldn't try to water down the recession risks.

☆ Dow plummets 763 points as investors grow concerned about an overly aggressive Fed
▼ + stars: | 2022-12-15 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

US stocks fell sharply Thursday, with the Dow closing more than 700 points lower. Investors weighed more rate hikes from the Fed and more hawkishness than they hoped for in 2023. The European Central Bank followed the Fed with its own hike on Thursday. Meanwhile, both the European Central Bank and the Bank of England both raised interest rates by 50 basis points, with ECB chair Christine Lagarde cautioning that rates may be staying higher for longer. Jeremy Siegel says he believes the Fed has been hypocritical on inflation and foresees interest rate cuts next year.

☆ The Fed is tightening way too much, says Wharton's Jeremy Siegel
▼ + stars: | 2022-12-15 | 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 EmailThe Fed is tightening way too much, says Wharton's Jeremy SiegelJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to weigh in on the Federal Reserve's move to hike interest rates by 50 basis points.

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