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☆ 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.

☆ 20% housing correction is coming, says Peter Boockvar
▼ + stars: | 2022-11-16 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email20% housing correction is coming, says Peter BoockvarBleakley Advisors' Peter Boockvar agrees with the Dallas Fed's warning about the state of the housing market and warns that a 20 percent correction is coming. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Dan Nathan, Guy Adami and Julie Biel.

"I’m looking for the right buyer," owner Brian Jones, 47, told NBC affiliate WKYC of Cleveland. He debuted the home as a tourist attraction in 2006 while adding property to the campus as it became available. "A Christmas Story Christmas" has an adult Ralphie (reprised by Peter Billingsley) trying hard to bring the giving spirit of the holidays to a new generation. At least one neighbor said the "Christmas Story" campus has contributed to the community. "It’s got its drawbacks, with the backup of crowds and the fact that it's all one-way streets around here," neighbor Byron Roberts told WKYC.

☆ A Red Hot Chili Pepper and a Getty Oil Heir Once Owned This $9.885 Million L.A. Home
▼ + stars: | 2022-11-12 | by ( Libertina Brandt | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. The former Los Angeles home of the Red Hot Chili Peppers bassist Michael Peter Balzary, better known as “Flea,” is hitting the market for $9.885 million.

☆ Quentin Tarantino’s Greatest Hits of the ’70s
▼ + stars: | 2022-11-11 | by ( Tom Shone | ) www.nytimes.com time to read: +2 min

CINEMA SPECULATION, by Quentin TarantinoMost film directors would no more comment on one another’s movies than they would score each other’s performance in bed. Then there is the Quentin Tarantino approach. “When Daryl Hannah walks down the hall of the hospital in ‘Kill Bill Vol. Any film critic would give her left arm to have made that connection. He never sees Reggie again, and whenever young Quentin brings him up, his mother just shrugs her shoulders and says, “Oh, he’s around.”

☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

☆ Netflix COO Greg Peters is charged with driving the streamer's new ads business. Here's what's at stake and why insiders see him as a future CEO.
▼ + stars: | 2022-11-10 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +8 min

Netflix has tasked COO Greg Peters with figuring out its ad push, its biggest initiative in a decade. And the executive tapped to lead the charge is chief operating officer Greg Peters, who's long been the company's go-to for new business ventures. Joining Netflix in 2008 as chief streaming and partnerships officer, Peters quickly stood out as a rising star. The ads tier could also help Netflix with its expansion overseas, where its results have been uneven so far, Mahaney said. Peters played a key role in getting Netflix's creative execs on board with the ads business, one Hollywood insider noted.

☆ Rocket Lab reports record quarterly revenue, with added contract wins
▼ + stars: | 2022-11-09 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

An Electron rocket launches from the company's New Zealand facility on Nov. 4, 2022. Rocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space company tacking on additional contract wins across its business. Rocket Lab stock is down 61% this year as of Wednesday's close of $4.74 a share. Additionally, Rocket Lab signed a research agreement with the Pentagon's United States Transport Command to "explore cargo transport use" with its rockets. Rocket Lab has begun production of the hardware for its forthcoming, larger Neutron rocket.

☆ Meet Donald Trump's children with Ivana Trump, Marla Maples, and Melania Trump
▼ + stars: | 2022-11-09 | by ( Business Insider | Lloyd Lee | ) www.businessinsider.com time to read: +12 min

Donald Trump has five children between two of his former wives and his current wife Melania Trump. Donald Trump Jr., Eric Trump, and Ivanka Trump are children with his first wife, Ivana Trump, who died on July 14. Getty Images/Joe CorriganNow a father of five, Donald Trump Jr. was 12 when Ivana Trump and Donald Trump Sr. divorced. In 2001, a year after he graduated from college, Donald Trump Jr. went to work for his dad for the second time. He told New York magazine that Donald Trump Jr. is like his mentor and Ivanka Trump is like his second mother.

Weird Al, known for taking famous pop and rock songs and sending them up by rewriting the lyrics. It began as a fake movie trailer that director Eric Appel made in 2013 as a sketch for Funny or Die. It featured Aaron Paul, Olivia Wilde, Gary Cole, Mary Steenburgen, Patton Oswalt and yes, Weird Al. Yankovic noted that the day after the trailer came out, “if you did a Google search for Weird Al, the first thing is, ‘Did Weird Al date Madonna?’ Everybody wanted to know. Weird Al Yankovic during a photo shoot in Los Angeles in 1984.

☆ Rocket Lab's attempt to catch rocket booster falls short
▼ + stars: | 2022-11-04 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

CNN —Rocket Lab, a start-up building small orbital rockets, kicked off another successful mission on Friday — but it failed in its efforts to recapture its rocket booster as it tumbled down toward Earth. Rocket Lab positioned a modified Sikorsky S-92 helicopter to intercept it mid-descent, aiming to snag the booster by its strings. Rocket Lab CEO Peter Beck has noted that it’s preferable to catch the rocket midair to keep it dry. A lot remains unclear about how Rocket Lab will ultimately reuse its rockets. Beck cited the company as a model for how Rocket Lab would proceed.

☆ Chocolate maker Barry Callebaut's counts the cost of factory shutdown
▼ + stars: | 2022-11-01 | by ( John Revill | ) www.reuters.com time to read: +2 min

ZURICH, Nov 1 (Reuters) - Barry Callebaut (BARN.S) reported a drop in full-year operating profit as the world's biggest chocolate maker counted the cost of the temporary shutdown of its largest factory following a salmonella outbreak. The figure was hit by the one-off impact of 76.9 million francs related to the salmonella outbreak at the Wieze factory in Belgium detected in June. Sales volumes were also affected by the shutdown, with full-year volumes increasing to 2.3 million tonnes. Despite the disruption, volume growth was within the range of Barry Callebaut's mid-term guidance for increases of 5% to 7%. But it missed its goal of raising its operating profit in local currencies at a higher level than volumes, with only a 0.1% increase.

☆ The US spent half a trillion dollars last year alone financing its mountain of debt
▼ + stars: | 2022-11-01 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

By 2025 or 2026, the United States may hit a bleak milestone: Federal interest payments could exceed the country’s entire defense budget, according to Moody’s Analytics. The Fed kept interest rates very low to stimulate growth (and encourage inflation) and investors around the world clamored to buy US debt. But White of Moody’s notes that gross interest payments include interest the government pays to itself and said net interest is the more relevant category to watch here. In a best-case scenario, the United States grows its way out of the debt mess, with the economy expanding more rapidly than interest payments. With interest rates going up, the sovereign bond bubble is unwinding,” Boockvar said.

☆ 'Tables have turned on FANG': Tech earnings wreck splits the stock market
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

This earnings season's tech wreck could continue to pressure the Nasdaq Composite, while other sectors may help broader indices deflect some of the pain. Amazon 's stock was hammered after the company missed estimates and gave a disappointing sales forecast for the current quarter . The two were members of FANG, a group of four favorite stocks that joined other Big Tech in carrying the market to highs before the bear market. Apple's report has been much anticipated by investors, since it is 7% of the S & P 500. "A favorable reaction could lift tech off its lows and help extend the relief rally in the S & P. A gap down would do the opposite."

☆ Investing in Space: Rockets are only the beginning
▼ + stars: | 2022-10-27 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But the CEOs of these companies will tell you that tapping into the global launch market isn't enough. "The big space companies of the future are not just a launch company on its own or a spacecraft manufacturer on its own. Breaking into the launch market may seem hard (and expensive) enough on its own. Virgin Orbit is similarly developing a satellite business, which CEO Dan Hart told CNBC he hopes can "unlock" space-based services.

☆ Filipino athlete skips his way to second jump-rope record
▼ + stars: | 2022-10-25 | by ( Adrian Portugal | ) www.reuters.com time to read: +1 min

MANILA, Oct 25 (Reuters) - Filipino athlete Ryan Alonzo has set a second Guinness World Record in the high-intensity activity of jump rope, the organisation said in October. The previous record was 2,405 consecutive crossovers. Alonzo's earlier record was set in 2021, when he performed 40,980 double-under skips in 12 hours. Jump rope, or skipping, is usually used as a warm-up for other sports but some athletes around the world engage in the activity competitively. Register now for FREE unlimited access to Reuters.com RegisterReporting by Peter Blaza; Writing by Kanupriya Kapoor; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

☆ Peter Boockvar digs in on today's market action
▼ + stars: | 2022-10-18 | by ( Melissa Lee | ) 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 EmailPeter Boockvar digs in on today's market actionBleakley Financial Group's Peter Boockvar on earnings and today's market action. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Guy Adami, Dan Nathan and Julie Biel.

☆ 'A Christmas Story Christmas': Ralphie returns in first teaser for HBO Max sequel
▼ + stars: | 2022-10-17 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

On Monday, the first teaser for upcoming sequel, “A Christmas Story Christmas,” was released, and it promises to be a nostalgic trip down memory lane. The new film follows a now-grown Ralphie Parker, the blond protagonist again played by actor Peter Billingsley. The teaser ends with a closeup of the adult Ralphie, still blue-eyed and bespectacled, as he smiles for the camera. “A Christmas Story Christmas” premieres on HBO Max on November 17. (CNN and HBO Max are both part of the same parent company, Warner Bros.

☆ Australian lithium miner IGO says chief executive dies suddenly
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

Oct 17 (Reuters) - Australian nickel-lithium miner IGO Ltd (IGO.AX) said on Monday its Chief Executive Officer Peter Bradford died suddenly on Saturday. The company did not disclose the cause of death. Bradford had led IGO since March 2014 and was also president of the Association of Mining and Exploration Companies (AMEC) which represents over 450 firms from across Australia. IGO said it had appointed Chief Operating Officer Matt Dusci as acting chief executive with immediate effect. Register now for FREE unlimited access to Reuters.com RegisterReporting by Upasana Singh in Bengaluru, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Retailer Kohl's faces fresh call for board rejig from activist group Macellum
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

Macellum owns about 5% of the retailer and wants its candidates to replace some of the long-tenured directors, including chairman Peter Boneparth and other members of the executive committee. This is not the first attempt by Macellum, which is led by veteran retail investor Jonathan Duskin, to change the board. Shareholder pressure for Kohl's returned again last month when Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year, sought the removal of chief executive and board chairman. In its letter to investors, Macellum also said it had recently approached the board to work together on a refresh, but that was rebuffed by the chairman. Kohl's said the interactions with Macellum over the past two years have been "unproductive and a distraction from running the business".

☆ Hot inflation report means markets face a more aggressive Fed and likely recession
▼ + stars: | 2022-10-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

Another hotter-than-expected inflation report puts pressure on the Federal Reserve to raise interest rates even more aggressively, but that also could tip the economy into a recession. Stocks declined and Treasury yields rose, after September's consumer price index showed inflation running at a 0.4% pace. In the futures market, traders bet the Fed would drive its fed funds to near 5% by next April, up from 4.65% on Wednesday. The terminal rate is the end rate where the Fed would stop its hiking for this cycle. Fed officials have been emphasizing that once they finish raising rates, they intend to hold them there to continue the fight against inflation.

☆ A weed gummy theory for the Fed’s high-stakes interest rate gamble
▼ + stars: | 2022-10-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Here’s the thing: The Fed right now is wearing blinders, and it only cares about bringing down inflation, my colleague Paul R. La Monica writes. The Weed Gummy TheoryThere’s an analogy offered by investment analyst Peter Boockvar last month that I can’t stop thinking about. He compared the Fed to an eager but inexperienced consumer of weed gummies, which, notoriously, take longer than anyone expects to kick in. Bankruptcies: Rate hikes make it more expensive for companies to pay down debt, increasing the risk of corporate bankruptcies and defaults. The so-called PPI, which tracks what suppliers charge other businesses for goods and services, showed prices going up 8.5% from a year ago.

☆ We'll have to watch and see for any dislocations in the Treasury market, says Bleakley's Boockvar
▼ + stars: | 2022-10-12 | 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 EmailWe'll have to watch and see for any dislocations in the Treasury market, says Bleakley's BoockvarSandy Villere, Villere Balanced Fund co-portfolio manager, and Peter Boockvar, Bleakley Financial chief investment officer, join 'The Exchange' to discuss if there's real contagion risk in England, how England's recent news impacts Villere's thesis and more.

☆ Two investment managers give their thoughts on the health of the global economy
▼ + stars: | 2022-10-11 | 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 EmailTwo investment managers give their thoughts on the health of the global economyPeter Boockvar, Chief Investment Officer at Bleakley Financial Group, and Josh Wein, Portfolio Manager at Hennessy Funds, join Worldwide Exchange to discuss the markets on the heels of JPMorgan Chase CEO Jamie Dimon's comments about the economy.

☆ Dow drops over 600 points, Nasdaq nearly 4% lower as job gains remain steady, complicating Fed effort to lower prices
▼ + stars: | 2022-10-07 | by ( Tanaya Macheel | Tanaya Macheel Is A Cryptocurrency | Financial Technology Reporter For Cnbc. | ) www.nbcnews.com time to read: +2 min

Stocks fell on Friday as traders evaluated September’s jobs report, which showed the unemployment rate continuing to decline and sparked an increase in interest rates. The Dow Jones Industrial Average fell 682 points, or 2.3%, to 29,264.39. The Nasdaq Composite slid 3.9% to 10,651.75, which is less than 1% above its low of the year. Friday’s jobs numbers showed the U.S. economy added 263,000 jobs in September, slightly below a Dow Jones estimate of 275,000. Friday’s losses trimmed the gains for what started out as a big comeback week for stocks.

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