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☆ Fed is 'way too tight' and will have to consider cutting rates in 2023, says Wharton's Jeremy Siegel
▼ + stars: | 2022-12-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

"I think they're going to be exactly wrong in the opposite direction," Siegel said on CNBC's " Squawk Box ." And now they're way too tight," he added. "Even though Chairman Powell said we're not even talking about lowering rates, you can be sure that next year they're going to be talking about lowering rates," Siegel said. The Wharton professor also criticized the Fed's approach to inflation data. ... We're getting 11 months of old data, and only one month of new data," Siegel said.

☆ Jeremy Siegel on what could happen if Fed keeps interest rates over 5%
▼ + 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 EmailU.S. could be hit with 'large recession' if Fed keeps interest rates over 5% in 2023: Jeremy SiegelJeremy Siegel, professor of finance at Wharton School at the University of Pennsylvania, however, says the U.S. Federal Reserve has made "tremendous progress" in reducing inflation.

☆ Wharton professor Jeremy Siegel says he's disappointed in the Fed's hypocrisy on inflation, and that Jerome Powell will be cutting interest rates next year
▼ + stars: | 2022-12-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Wharton professor Jeremy Siegel is not happy with the Fed's hawkishness that was telegraphed at Wednesday's FOMC meeting. Siegel ultimately expects that the Fed will be cutting interest rates in 2023, not raising them. Today, the Fed fund's rate is above 4%. They were way too loose before, funds rate had to rise a lot. I actually venture that we might see a 2-handle on the Fed funds rate by next December.

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel on the Fed
▼ + 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 EmailWatch CNBC's full interview with Wharton's Jeremy Siegel on the FedJeremy 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.

☆ Wharton professor Jeremy Siegel expects unemployment to spike - but says that could help the US escape a recession
▼ + stars: | 2022-12-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Jeremy Siegel expects a labor-market downturn to help the US economy avoid a recession. Weaker jobs data could lead the Fed to stop hiking interest rates and end its war on inflation. Companies shedding surplus workers could increase unemployment, which might lead the Federal Reserve to stop hiking interest rates, Siegel said. Higher interest rates discourage spending, investing, and hiring, which alleviates upward pressure on prices. Yet they also can also lead to sweeping job losses and drag the economy into a recession.

☆ Jeremy Siegel: If Fed stopped looking at stale housing data they'd realize inflation is over
▼ + stars: | 2022-12-13 | 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 EmailJeremy Siegel: If Fed stopped looking at stale housing data they'd realize inflation is overJeremy Siegel, Wharton School of Business professor, joins the 'Halftime Report' to discuss what he makes of today's CPI report, what will happen if the Federal Reserve continues to raise rates and more.

☆ See the pitch deck that startup Assembly used to convince investors to bet $10 million on its approach to business software
▼ + stars: | 2022-12-12 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Assembly is a software app aimed at helping businesses manage their teams and projects. Here's the pitch deck it used to fundraise at an interesting time for the business apps category. Instead of splurging on a dozen business apps, they want "one single Swiss Army knife," said Hunter Walk, an Assembly investor. "One of the things we're trying to do is help you speed up your work," Purvis said, "and make it more delightful." Read the pitch deck Assembly used to woo clients and to land a preemptive funding offer in 2022:

☆ Wharton professor Jeremy Siegel outlines exactly how he sees the stock market, inflation, and the economy playing out in 2023. Here are the best 9 quotes from the interview.
▼ + stars: | 2022-12-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Jeremy Siegel is one of the few market pundits who expects stock market gains in 2023. Here are the nine best quotes from Siegel's interview tackling inflation, the economy, and the stock market. Yet unlike other stock market outlooks, his 2023 forecast is actually bullish and calls for upside of at least 20%. If that does happen, wow that's good for stocks, good for bonds and stocks... You know my feeling is you don't need more than this 50 basis points. Productivity is going to go up, that improves margins and that's good for profits."

A female police officer in Chicago says a supervisor forced her to perform oral sex on him inside a car. A female officer in Philadelphia says a sergeant grabbed her hand and placed it on the crotch of his pants. And a female officer in New York says one of her superiors hacked into her Snapchat account and showed off her intimate photos to a male commander. “How can you be in charge of male and female officers with the record that you have?”Marchese didn’t respond to requests for comment. Of the 87 NYPD officers accused in court papers of abusing female officers, 27 have since moved up in rank, according to an NBC News review.

☆ A TikToker who 'consensually' doxxes people says it's easier than you'd think
▼ + stars: | 2022-12-07 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Today, I am introducing you to a viral phenomenon that certainly wasn't on my 2022 bingo card: "consensual doxxing." Meet a TikToker who's gone viral for her "consensual doxxing" content. But one TikToker has garnered hundreds of thousands of followers who want her to expose their secrets. Kristen uses her platform to "consensually dox" users and reveal their birthdays using just social media — and has become a data-privacy educator by proxy. Users are often shocked by how easy it is for her to find out their information, Kristen said.

☆ The 5 best leadership books I read this year — and what they taught me about running a company
▼ + stars: | 2022-12-06 | by ( David Siegel | ) www.businessinsider.com time to read: +5 min

For a roadmap for effective, kind leadership and smart decision-making, he shares 5 book recommendations. Publishing a leadership book gave me a newfound perspective on the genre. Here are the top five leadership books I read in 2022 and why I found each one particularly enriching. After reading The Promise of a Pencil, I learned how seemingly small acts can make a world of difference in communities. For anyone considering executive coaching or looking to find a coach, this book is a must-read.

☆ Wharton professor Jeremy Siegel says stocks are set for a big rally in 2023 as productivity rises and interest rates fall
▼ + stars: | 2022-12-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Jeremy Siegel expects a rising stock market in 2023 as interest rates finally reverse part of their 2022 gains. The Wharton professor has been critical of the Federal Reserve this year and believes the central bank is over tightening financial conditions via its recent streak of outsized interest rate hikes of 75 basis points. But Siegel has trouble believing that interest rates are going to rise any further in 2023, and instead expects them to fall. Falling interest rates are typically viewed as a tailwind for stock prices. And over the long-term, higher stock prices are highly correlated to higher corporate profits.

☆ Wall Street's top commentators are torn on what the Federal Reserve will do next. Here's what to know.
▼ + stars: | 2022-12-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Traders are largely expecting policymakers to make a 50-basis-point rate hike, a smaller move than the previous four 75-basis-point increases. But next week's adjustment isn't what's top of mind for Wall Street's top Fed commentators — they're looking ahead to next year. To Bridgewater chief investment officer, Rebecca Patterson, the Fed would be justified in surprising markets by holding rates higher for longer. Sustained elevated rates are going to usher in dramatic changes to the economic landscape — and former Treasury Secretary Larry Summers agrees. The price cap on Russian oil is "immaterial" and won't make a significant difference on market pricing, according to Vanda Insights.

☆ I did not regard today's jobs report as hot, hot, hot, says Wharton's Jeremy Siegel
▼ + stars: | 2022-12-02 | 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 EmailI did not regard today's jobs report as hot, hot, hot, says Wharton's Jeremy SiegelWharton Professor Jeremy Siegel joins 'Closing Bell: Overtime' to discuss today's jobs report and how the Fed may actually interpret the numbers heading into their December meeting.

☆ Watch CNBC's full discussion with Wharton's Jeremy Siegel, Hightower's Stephanie Link and Veritas' Greg Branch
▼ + stars: | 2022-12-02 | 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 EmailWatch CNBC's full discussion with Wharton's Jeremy Siegel, Hightower's Stephanie Link and Veritas' Greg BranchWharton Professor Jeremy Siegel joins 'Closing Bell: Overtime' to discuss today's jobs report and how the Fed may actually interpret the numbers heading into their December meeting. With Hightower's Stephanie Link and Veritas Financial's Gregory Branch.

☆ Markets should brace for a period of central bank-induced turmoil before the Fed dials back on rate hikes, and stocks could soon retest recent lows, JPMorgan says
▼ + stars: | 2022-11-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks could be in for another bout of volatility before the Fed pivots from aggressive rate hikes, JPMorgan warned. That's because the Fed and other central banks could inject more volatility before backing down from raising rates. Stocks could retest recent lows in the first quarter of 2023, strategists predicted. Wharton professor Jeremy Siegel said the odds of a recession were "virtually 100%" if the Fed continued hiking rates into 2023. That would take the fed funds rate to a range of 4.25%-4.5%.

☆ Recession predictions are too complacent, and there isn't enough evidence that a coming downturn will be short and shallow, Mohamed El-Erian says
▼ + stars: | 2022-11-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

There's not enough evidence an incoming recession will be short and shallow, Mohamed El-Erian warned. El-Erian noted that mild recession calls were similar to the ways people dismissed rising inflation last year. "I hope we don't end up in a recession, but if we do, there isn't enough evidence to suggest it's short and shallow." If we end up in a recession it will be short and shallow.' "I hope we don't end up in a recession, but if we do, there isn't enough evidence to suggest it's short and shallow," El-Erian warned.

☆ Jeremy Siegel says a recession is 'virtually 100%' assured if the Fed keeps hiking rates next year
▼ + stars: | 2022-11-29 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Jeremy Siegel thinks a recession is nearly guaranteed if the Federal Reserve keeps tightening into 2023. He told CNBC on Tuesday that he expects a 50-basis-point hike in December and hopes the Fed stops there. But he expects the central bank to pivot once policymakers see more weakness in inflation data. "This is a very restrictive policy that if they try to keep this restriction going through next year, a recession is virtually 100%," he said. Last week, Siegel said that the longer the Fed delays its pivot, the deeper a recession and earnings decline will be next year.

Adobe Analytics expects consumers to spend between $11.2 billion and $11.6 billion on Cyber Monday. Overall, Black Friday sales topped $8.9 billion last year, versus $10.7 billion on Cyber Monday 2021. Meanwhile, e-commerce giant Amazon said sales on Black Friday broke a record, underscoring the appeal of shopping online. Sarah Hymer, a mother of two in Utah, said she hadn’t planned on any in-store Black Friday shopping. Rega, holding multiple bags, said Black Friday prices struck her as “comparable” to a year ago.

☆ Watch CNBC’s full interview with BMO's Simeon Siegel and Piper Sandler's Edward Yruma
▼ + stars: | 2022-11-25 | 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 EmailWatch CNBC’s full interview with BMO's Simeon Siegel and Piper Sandler's Edward YrumaBMO's Simeon Siegel and Piper Sandler's Edward Yruma, join 'Closing Bell' to discuss retail on 'Black Friday' and consumer behavior.

☆ Consumers aren't lined up for Black Friday anymore, says BMO Capital's Simeon Siegel
▼ + stars: | 2022-11-25 | 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 EmailConsumers aren't lined up for Black Friday anymore, says BMO Capital's Simeon SiegelBMO's Simeon Siegel and Piper Sandler's Ed Yruma, join 'Closing Bell' to discuss retail on 'Black Friday' and consumer behavior and trends.

☆ Wall Street activism is proving its influence on corporations. Just look at Disney's Bob Iger.
▼ + stars: | 2022-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Investors are still digesting the news that Bob Iger will reprise his role as the chief executive of Disney. Bob Iger, CEO of Disney Charley Gallay/Stringer/Getty Images1. On Sunday, Disney announced legendary leader Bob Iger would return to his post as CEO and replace Bob Chapek, even though Chapek just months ago signed a contract extension. Disney stock had plunged 21% since Chapek's appointment in February 2020. As long as these headwinds batter the stock market, investors are likely not going to sit idly by and watch what they believe to be mismanagement by corporate leaders.

☆ Nordstrom says sales slowed in past two months; shares fall 9%
▼ + stars: | 2022-11-22 | by ( Granth Vanaik | ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Nordstrom Inc (JWN.N) said on Tuesday net sales at its eponymous retail stores fell 3.4% in its third quarter, and overall sales for the company slowed down in the past couple of months, "particularly in geographies with unseasonably warm weather." The company also trimmed its net profit forecast for the fiscal year ending January 2023. In the third quarter, sales in its off-price division — Nordstrom Rack — fell 2%. Nordstrom's adjusted earnings of 20 cents per share topped estimates of 13 cents. It expects an annual profit of $2.13 and $2.43, excluding share repurchase activity, trimmed from $2.45 to $2.75 previously.

The true-crime drama tells the story of the Chippendales dance troupe and its founder. How to watch 'Welcome to Chippendales'You can watch "Welcome to Chippendales" exclusively on Hulu. For $14 a month, subscribers can bundle ad-supported Hulu with Disney Plus and ESPN+, or for $20 a month, subscribers can bundle those services with ad-free Hulu. After the first month, Hulu with ads is $8 a month and Hulu without ads is $15 a month. "Welcome to Chippendales" is based on the novel "Deadly Dance: The Chippendales Murders" by authors K. Scot Macdonald and Patrick MontesDeOca.

☆ Wharton's Jeremy Siegel explains why he thinks 90% of inflation is gone
▼ + stars: | 2022-11-21 | 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 explains why he thinks 90% of inflation is goneJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to break down his forecast for inflation and markets.

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