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☆ 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.

☆ Wharton professor Jeremy Siegel says the stock market will surge 20% in 2023 as the Fed acknowledges falling inflation
▼ + stars: | 2022-11-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Wharton professor Jeremy Siegel said the stock market is poised to surge 20% in 2023. Siegel's outlook is driven by his expectation that the Fed will acknowledge that inflation is falling. "I think basically 90% of our inflation is gone," he told CNBC in an interview on Monday. He expects the stock market to surge at least 15% and as much as 20% next year, which would send the S&P 500 back to 4,740 based on current levels, near record highs not seen since the start of this year. In regards to a recent note from Goldman Sachs that said the stock market will likely end flat in 2023, Siegel said, "I think they're being way too pessimistic...

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel on inflation
▼ + 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 EmailWatch CNBC's full interview with Wharton's Jeremy Siegel on inflationJeremy 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. "I think we could see a 15, and potentially a 20%, increase in equity prices in 2023," Wharton tells CNBC.

☆ Is the Fed 'going rogue'? Calls heat up to back off quest for 2% inflation
▼ + stars: | 2022-11-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

For at least a decade, the Federal Reserve's position that a 2% inflation rate is where the economy best functions has been taken as gospel. 'Going rogue' "As far as 2% is concerned, I think it's stupid," said Jim Paulsen, chief investment officer at Leuthold Group. Paulsen and Sternlicht aren't the only critics of Fed policy. Achieving a steady 2% inflation rate, however, has proven elusive for the Fed. 'The gold standard' for policy But Fed Chairman Jerome Powell and most of his colleagues have rebuffed calls to raise the goal.

☆ House prices might plunge 20% in the hottest US markets - and the slump could hammer the wider economy, top investor says
▼ + stars: | 2022-11-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Home prices could tumble 20% in some of the hottest US markets, top investor Peter Boockvar said. He cited the surge in prices during the pandemic, and soaring mortgage rates pricing out buyers. The Bleakley Advisory boss warned a housing slump could hit consumer spending and the wider economy. "It's an extraordinary rise, and now you have 7% mortgage rates, which are 15-year highs," he said. Paul Krugman, a Nobel Prize-winning economist, has also predicted a housing slump.

☆ US home prices could crash 20% if the Fed fails to 'thread the needle' when tightening, central bank economist finds
▼ + stars: | 2022-11-16 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

US home prices could fall another 20% as mortgage rates rise, a Dallas Fed study found. The central bank has raised interest rates by 75 basis points at four consecutive meetings as it works to curb soaring prices. Homebuyer demand is expected to fall as mortgage rates climb higher, with many analysts warning Americans to brace for a major housing market correction. The housing market would suffer such a significant correction partly because it was squeezed so high before and during the pandemic. But any housing market downturn would likely be far less severe than the crash that helped to trigger the 2008 financial crisis, according to the economist.

☆ A conversation with Shark Tank's Kevin O'Leary on FTX, Sam Bankman-Fried, and crypto regulation.
▼ + stars: | 2022-11-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Top of mind, inevitably, was last week's implosion of FTX, as O'Leary was a spokesperson and investor with the exchange. It was our third conversation together, and O'Leary shared candid thoughts on his FTX investments going to zero, as well as details from a phone call he had with Sam Bankman-Fried just before FTX declared bankruptcy. O'Leary, a paid spokesperson for FTX, said he had initially gained trust in the company and its 30-year-old CEO, Sam Bankman-Fried, a little over two years ago. The Shark Tank star told me that he was on the phone with Sam Bankman-Fried the day before FTX declared bankruptcy to discuss a price for potential buyers to rescue FTX. "He confirmed that it was $8 billion, and that's the number I took forward," O'Leary explained.

☆ The Fed could pause its interest rate hikes right now, says Wharton's Jeremy Siegel
▼ + stars: | 2022-11-15 | 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 could pause its interest rate hikes right now, 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 react to October's producer price index data.

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel on the Fed, markets and more
▼ + stars: | 2022-11-15 | 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 Fed, markets and moreJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to react to October's producer price index data. Siegel also breaks down his outlook for future interest rate hikes from the Federal Reserve and more. "They're probably going to go 50 basis points, but that should be the absolute pause," Siegel tells CNBC.

☆ Inflation is getting less hot - and the best-case scenario for stocks just played out.
▼ + stars: | 2022-11-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The stock market just had its best day of the year. We can chalk that up to the Thursday morning inflation data that showed prices cooled faster than expected in October. Specialist trader Chris Malloy (C) gives a price to traders on the floor of the New York Stock Exchange, October 18, 2013. As far as a single day is concerned, yesterday looked like a perfect storm for the stock market. Does the latest inflation report change your outlook on the economy or predictions for what the Fed will do next?

☆ The stock market could soon reverse its 'borderline miraculous rally' and retest June lows, UBS's Art Cashin says
▼ + stars: | 2022-11-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks could whipsaw and retest June lows despite October's positive inflation report, Arthur Cashin said. Cashin noted that stock market rallies since June have been fleeting, and it's still a bear market. He warned a reversal could come when the VIX approaches 20, and the gauge currently clocks in at 22. Rallies since then have usually ended when the Cboe Volatility Index neared a critical level of 20, Cashin noted. The VIX—known as the stock market's fear gauge—is currently just above that threshold, clocking at 22.61 as of 1 p.m.

☆ Jeremy Siegel says the crypto meltdown sparked by FTX's implosion is not a Lehman Brothers moment and won't spread contagion to stocks
▼ + stars: | 2022-11-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The FTX implosion is not a Lehman Brothers moment that will spread risk to stocks, according to Jeremy Siegel. "It's not a Lehman moment because the value has already gone down so much," Siegel said. One thing traditional assets like stocks and bonds have that crypto doesn't is the backing of the Federal Reserve. As some people say, 'Is this a Lehman moment if it [prices] really goes down?' "One thing that's really important: back when Lehman went under, I had money in money market mutual funds.

[1/4] A signage is seen in the offices of Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Accessible luxury brands such as Michael Kors and Ralph Lauren are likely to feel a bigger pinch than higher-priced brands, as their young core customer base looks for deals at the lower end of the fashion spectrum. Ralph Lauren said its holiday quarter revenue would be hit by slowing demand in North America and Europe, where soaring energy costs are also pinching consumer wallets. Tapestry and Ralph Lauren also warned a stronger dollar would hit their earnings. Ralph Lauren shares, which have lost almost a quarter of their value this year, rose about 5% in premarket trading after the company beat second-quarter sales and profit expectations.

☆ Inflation is much lower than the Fed thinks, says Wharton Professor of Finance Jeremy Siegel
▼ + stars: | 2022-11-10 | 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 EmailInflation is much lower than the Fed thinks, says Wharton Professor of Finance Jeremy SiegelJeremy Siegel, Wharton Professor of Finance, joins the 'Halftime Report' to discuss Fed statistical sources, signs of effective inflation measures, and what to expect for monetary policy during the December Fed meeting.

☆ We have been in a bull labor market for the last eight years, says ZipRecruiter CEO
▼ + stars: | 2022-11-10 | 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 EmailWe have been in a bull labor market for the last eight years, says ZipRecruiter CEOIan Siegel, ZipRecruiter CEO, joins 'Power Lunch' to discuss whether ZipRecruiter can do as well in a slower job market and which sectors have the greatest softening in labor demand.

☆ Nobel economist Paul Krugman says the drop in inflation means a soft landing of the economy is 'increasingly plausible'
▼ + stars: | 2022-11-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The drop in inflation means a soft landing of the economy is "increasingly plausible," Paul Krugman said. The top economist pointed to slowing rent and wage growth, which could mean inflation is coming under control. "A good inflation report," Krugman wrote. "Between this report and the wage numbers, there is a good reason to believe underlying inflation is coming under control," Krugman added, referring to the recent drop in wage growth. "A soft landing is looking increasingly plausible."

☆ Watch CNBC's full interview with Wharton Professor of Finance Jeremy Siegel
▼ + stars: | 2022-11-10 | 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 EmailWatch CNBC's full interview with Wharton Professor of Finance Jeremy SiegelJeremy Siegel, Wharton professor of finance, joins 'Halftime' to discuss Fed statistical sources, signs of effective inflation measures, and what to expect from monetary policy during the December Fed meeting.

☆ The stock market is poised for a significant year-end rally because 'inflation is basically over', Wharton professor Jeremy Siegel says
▼ + stars: | 2022-11-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Jeremy Siegel said "inflation is basically over" on Thursday after October's CPI report showed lower-than-expected inflation. Siegel said investors should expect a significant year-end rally in the stock market as investors recalibrate their Fed expectations. Siegel's confidence stems from the fact that when you exclude the Fed's use of lagging housing data, inflation would actually be negative. The CPI report showed prices rising 7.7% year-over-year, and up 0.4% on a monthly basis. 2023 won't be as bad as many think," Siegel said.

☆ Binance just bought FTX. Here's how rumors of insolvency and fears of contagion led Sam Bankman-Fried into a deal.
▼ + stars: | 2022-11-09 | by ( Phil Rosen | ) www.businessinsider.com time to read: +8 min

Here's the short of it: The once-top-dog crypto firm, FTX, helmed by 30-year-old billionaire Sam Bankman-Fried, is being bought by Binance amid significant liquidity issues and rumors of insolvency. But Binance CEO Changpeng "CZ" Zhao seemed to think saving a floundering FTX was worth the risk of any future downside. CoinDesk published a revealing report on November 2 about the crypto trading firm Alameda Research, another branch of Sam Bankman-Fried's empire. It turns out that the trading firm held billions of dollars' worth of FTX's native token, FTT. Anthony Georgiades, co-founder of blockchain company Pastel Network told me he doesn't think Binance is too concerned about making those investors whole again at this point.

☆ Midterm elections 2022 come amid political panic and anxiety
▼ + stars: | 2022-11-08 | by ( Whitney Phillips | Whitney Phillips Is An Assistant Professor In The University Of Oregon'S School Of Journalism | Communication. She Studies Political Communication | ) www.nbcnews.com time to read: +8 min

They post and repost lots of partisan content, argue with people on social media and generally are edgy and defensive. Individually, when we are stressed out and anxious, we shift into the “downstairs brain,” a term introduced by neuropsychiatrist Dan Siegel and psychotherapist Tina Payne Bryson. On social media, such individual experiences can have significant collective consequences, too. Research suggests that the more anxious and overwhelmed we are, the more likely we are to share false information on social media. What these strategies can do, however, is help people regain the perspective they lose when they shift into downstairs brain mode.

☆ Republican Gov. Phil Scott faces off against Democrat Brenda Siegel in Vermont's gubernatorial election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +2 min

Phil Scott is running against Democrat Brenda Siegel in Vermont's gubernatorial race. This race is one of six Republican-held governorships up for election in a state carried by Joe Biden in 2020. The gubernatorial election in Vermont is one of 36 happening around the country. Phil Scott faces off against Democrat Brenda Siegel in Vermont's gubernatorial election. Prior to his time as governor, Scott, a Republican, served for three terms as the state's lieutenant governor under Democratic Gov.

☆ US stocks close higher as investors turn their attention to midterm election results
▼ + stars: | 2022-11-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks rose on Tuesday as investors turned their attention to midterm election results. If Republicans gain a majority in Congress, it could create political gridlock, sparking a new rally in stocks, analysts say. Wall Street has been eyeing possible political gridlock if the GOP takes over Congress, which could spark a new rally amid this year's bear market, analysts say. Carson Group's Ryan Detrick said a Republican majority could cause the stock market to enter its "best-performing environment," adding that it was possible stocks already bottomed out in October. The total value of the global crypto sector dropped 12%, according to data from CoinMarketCap, with Bitcoin tumbling 13%.

☆ The Fed is looking at the wrong housing indicators, says Wharton's Jeremy Siegel
▼ + stars: | 2022-11-07 | 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 looking at the wrong housing indicators, says Wharton's Jeremy SiegelJeremy Siegel, professor of finance at the Wharton School of Business, joins CNBC's 'Squawk Box' to react to the Federal Reserve's latest interest rate hike and what it means for markets.

☆ How Diverse Are the Candidates in the Midterm Elections?
▼ + stars: | 2022-11-05 | by ( Maggie Astor | Eleanor Lutz | ) www.nytimes.com time to read: +11 min

The House of RepresentativesThere are at least 403 people of color, women or nonbinary candidates running for seats in the House of Representatives in Tuesday’s midterm elections. Incumbent Democrat Republican White men women Black men women Hispanic men women Other and multiple race men womenThere are 11 Senate candidates who are Black this year. Democrat Black candidates Republican Ga. Raphael Warnock Ala. Will Boyd Ark. Incumbent Democrat Republican White men women Black men women Other and multiple race men womenThere are 25 women nominated for governor — 16 Democrats and nine Republicans. Democrat Black candidates Republican Ala. Yolanda Flowers Ark.

But the new era at Twitter could also be an opportunity for the company to redefine its brand for the better. But it remains unclear what Twitter under Mr. Musk will actually be, Mr. Calkins said. Twitter before Mr. Musk weathered a number of controversies that rattled some advertisers and users. But this is a potential inflection point for Twitter, Mr. Miller said. “I think the brand is irrevocably damaged, actually, unless and until Musk finds somebody else to run Twitter,” Mr. Kwittken said.

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