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☆ Fed Chair Powell: We're passively shrinking the balance sheet
▼ + stars: | 2023-02-07 | 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 EmailFed Chair Powell: We're passively shrinking the balance sheetFederal Reserve Chairman Jerome Powell speaks Tuesday afternoon with Carlyle Group Chairman David Rubenstein at The Economic Club in Washington, D.C.

☆ Fed Chair Powell: 2023 will be a year of significant declines in inflation
▼ + stars: | 2023-02-07 | 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 EmailFed Chair Powell: 2023 will be a year of significant declines in inflationFederal Reserve Chairman Jerome Powell speaks Tuesday afternoon with Carlyle Group Chairman David Rubenstein at The Economic Club in Washington, D.C.

☆ Fed Chair Powell: There will be more rate increases to get to our 2 percent inflation goal
▼ + stars: | 2023-02-07 | 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 EmailFed Chair Powell: There will be more rate increases to get to our 2 percent inflation goalFederal Reserve Chairman Jerome Powell speaks Tuesday afternoon with Carlyle Group Chairman David Rubenstein at the Economic Club in Washington, D.C.

☆ Watch Federal Reserve Chair Jerome Powell discuss inflation, interest rates and the economy
▼ + stars: | 2023-02-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chairman Jerome Powell speaks Tuesday afternoon in a question-and-answer session with Carlyle Group Chairman David Rubenstein. The discussion comes less than a week after the Fed raised its benchmark interest rate another quarter percentage point to a target range of 4.5%-4.75%. Following the move, Powell said he sees some signs that inflation is cooling in the economy but added that the central bank needs to keep up its guard. Read more:Fed's Neel Kashkari says central bank has not made enough progress, keeping his rate outlookThe Fed raised rates. Chair Powell says it's 'premature' to declare victory against inflationImportant wage inflation measure for the Fed rose less than expected in Q4

☆ Fed Chair Powell: Ongoing rate increases appropriate
▼ + stars: | 2023-02-07 | 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 EmailFed Chair Powell: Ongoing rate increases appropriateFederal Reserve Chairman Jerome Powell speaks Tuesday afternoon with Carlyle Group Chairman David Rubenstein at The Economic Club in Washington, D.C.

☆ Fed Chief Powell says the disinflationary process has begun, but has a long way to go
▼ + stars: | 2023-02-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease though he expects it to be a long process. "The disinflationary process, the process of getting inflation down, has begun and it's begun in the goods sector, which is about a quarter of our economy," the central bank chief said during an event in Washington, D.C. "But it has a long way to go. Powell spoke in a question-and-answer session at the Economic Club of Washington, D.C. with Carlyle Group co-founder David Rubenstein. Markets turned positive as Powell spoke as investors are hoping the Fed soon will halt the aggressive interest rate hikes it began last year. "My guess is it will take certainly into not just this year, but next year to get down close to 2%."

☆ Fed Chair Powell delivers first public remarks since monster jobs report
▼ + stars: | 2023-02-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

Minneapolis CNN —The US labor market remains “extraordinarily strong” and Friday’s monster jobs report underscores that the central bank has more work to do to bring down inflation, Federal Reserve Chairman Jerome Powell said Tuesday. “We didn’t expect it to be this strong,” Powell said of the January jobs report, which showed the US economy added 517,000 jobs. “The disinflationary process has begun,” Powell said, noting progress especially in goods prices. The robustness of the labor market has stood somewhat at odds with the Fed’s efforts to lower inflation. A key reason Fed Chair Jerome Powell wants more slack in the labor market is out of concern that a tight employment situation will continue to push up wages, which could then keep inflation elevated.

☆ Carlyle's new boss will be virtuoso second fiddle
▼ + stars: | 2023-02-06 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

That’s the best way of interpreting the private equity firm’s appointment of former Goldman Sachs (GS.N) banker Harvey Schwartz on Monday. He never quite made it to the CEO job at Goldman, though served in a number of high-level roles like chief financial officer and chief operating officer. They felt that the ousted Lee, who pushed hard to diversify Carlyle’s business, hadn’t adequately consulted them on big moves, according to Reuters. The firm’s co-founder Bill Conway, also one of Carlyle’s two co-chairmen, has been filling the role on an interim basis. Schwartz previously held various senior roles including chief financial officer and chief operating officer at investment bank Goldman Sachs, which he left in 2018.

☆ Who is Shou Zi Chew? Mounting scrutiny on TikTok could put new spotlight on its CEO
▼ + stars: | 2023-01-20 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

Months later, when TikTok was grilled by Congress over privacy and security concerns, Pappas was the TikTok executive in the hot seat fielding questions. But Chew, who took over as TikTok CEO in April 2021, has largely stayed out of the spotlight at a time when the app he leads can’t seem to avoid it. He eventually went on to become the CFO of Chinese tech giant Xiaomi, which he helped take public in 2018. While Chew is not a Chinese national, Quint noted Chinese tech companies and leaders that have drawn too much attention to themselves have faced tough government crackdowns. Ultimately, Quint said, “I don’t think the CEO of TikTok has much relevance at all” for US lawmakers scrutinizing its ties to China.

☆ Palantir CEO tells tech workers who don't like the company's military deals, ‘Don’t work here’
▼ + stars: | 2023-01-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Alex Karp, CEO of Palantir, on day two of the World Economic Forum in Davos, Switzerland. Palantir co-founder and CEO Alex Karp knows many tech workers in Silicon Valley have misgivings about his data mining firm's dealings with intelligence agencies and the military. Tech workers have been more vocal in recent years in opposing their employers' contracts with the military. Two-thirds of people in Silicon Valley don't want to work for companies like Palantir, Karp said in Davos. "We don't like people who are coming in and saying, we want to kill terrorists and just without data protection," Karp said.

☆ Watch CNBC's full interview with billionaire investor David Rubenstein
▼ + stars: | 2023-01-18 | 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 billionaire investor David RubensteinBillionaire investor and philanthropist David Rubenstein, Carlyle Group's co-founder and co-chairman, joins CNBC's 'Squawk Box' to discuss if the United States is at an inflection point for the federal funds rate and more.

☆ Jerome Powell has done a pretty good job, says billionaire investor David Rubenstein
▼ + stars: | 2023-01-18 | 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 EmailJerome Powell has done a pretty good job, says billionaire investor David RubensteinBillionaire investor and philanthropist David Rubenstein, Carlyle Group's co-founder and co-chairman, joins CNBC's 'Squawk Box' to discuss if the United States is at an inflection point for the federal funds rate and more.

☆ Here's why Carlyle Group's Rubenstein says now is a good time to invest
▼ + stars: | 2023-01-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

The worst of the bear market appears to be over and investors should look at getting back into stocks, David Rubenstein of the Carlyle Group said Wednesday. "The best time to invest is when there's some uncertainty or when the economy seems to be a little bit nervous in terms of where it's going," Rubenstein said. "It's a good time to invest now, because I think the market is not going to see another 20% drop in public prices," he added. "I think that is probably past us, and I think we're probably coming back to the point where people are going to feel comfortable investing." Stocks have risen to start the year, with the tech-heavy Nasdaq Composite up 6% in 2023.

☆ How Anti-Abortion Activists Bought Access to the Supreme Court
▼ + stars: | 2023-01-07 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +29 min

In exchange for as little as a few thousand dollars in contributions to the nonprofit, these people received easy access to events where Supreme Court justices would be. Supreme Court Historical society trustee Jay Sekulow, center, represented President Trump during the latter's impeachment trial in 2020. Anti-abortion advocates cheer in front of the Supreme Court after the decision in Burwell v. Hobby Lobby Stores was announced in 2014. Alito did not respond to a request for comment on his involvement in the Supreme Court Historical Society. Supreme Court justices, though, aren't even required to stay within those weak guardrails because no code of ethics governs justices' behavior.

☆ David Rubenstein views Warren Buffett as the ultimate investor. The Carlyle billionaire outlines the 12 traits and habits that are critical to Buffett's success.
▼ + stars: | 2022-12-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

David Rubenstein calls Warren Buffett "the ultimate master of the investor craft" in his new book. He dedicated the compilation to Warren Buffett, calling him "the ultimate master of the investor craft." The Carlyle cofounder and private equity billionaire, in an interview with Insider in September 2022, detailed 12 traits and habits that make Buffett the epitome of a great investor. He's a pure investor, he's made it a lifelong vocation." Humility"Warren Buffett doesn't run around telling everyone how smart he is.

☆ Warren Buffett is likely to load up on cheap stocks as other investors panic in 2023, Elon Musk says
▼ + stars: | 2022-12-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett is likely go on a stock-buying spree in 2023, Tesla CEO Elon Musk says. Musk has flagged higher interest rates and a looming recession as headwinds for stocks. "If a company has very strong fundamentals, but then the market is doing some short-term panic situation, obviously that's the the right time to buy stock," Musk added. Still, Musk has quoted the investor on earnings calls, while Buffett has praised Tesla's unlikely success and hailed Musk as a "remarkable guy." Read more: David Rubenstein views Warren Buffett as the ultimate investor.

☆ Warren Buffett's favorite Christmas gifts for his family? $10,000 in cash, dresses, and boxes of See's Candies.
▼ + stars: | 2022-12-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett has given dresses, chocolates, and stacks of cash to family members for Christmas. "I would go over and they'd wheel out the dresses," Buffett said. In 2013, the card showed Buffett dressed as Walter White from "Breaking Bad" with the message "Have yourself a Meth-y Little Christmas." In 2018, the card showed Buffett wearing a T-shirt reading "The Next Charlie Munger" with the caption "Aiming High in 2019." Read more: David Rubenstein sees Warren Buffett as the ultimate investor.

☆ The CEO of Coinbase says the exchange will see revenue plunge at least 50% in 2022 as turmoil weighs on crypto markets
▼ + stars: | 2022-12-08 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Coinbase CEO Brian Armstrong expects the company's revenue to dive at least 50% in 2022. The crypto exchange cut 18% of its staff earlier this year, slashing roughly 1,200 roles. "(Armstrong) indicated that he expects Coinbase FY2022 revenue to be less than half of FY2021 revenue," the company tweeted on Wednesday. The warning comes after Coinbase cut 18% of its workforce in June, slashing around 1,200 employees. The crypto market took another hit last month, when Sam Bankman-Fried's FTX, which was once valued at $30 billion, filed for bankruptcy.

☆ Former FTX CEO Sam Bankman-Fried hit with campaign finance complaint over GOP 'dark' money
▼ + stars: | 2022-12-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

An ethics watchdog group has asked the Federal Election Commission to investigate former FTX CEO Sam Bankman-Fried for alleged "serious violations" of election law, citing his admitted contributions of "dark" money to Republican-aligned groups during the 2022 primary season. Anyone can file a complaint with the FEC if they suspect a violation of federal election campaign laws. The complaint contains a link to the Nov. 16 interview Bankman-Fried gave to Tiffany Fong, who posted the discussion on her YouTube channel. "All my Republican donations were dark," Bankman-Fried went on to say, the complaint noted. In the interview, Bankman-Fried said that those contributions were "all for the primary."

☆ Paul Pelosi appeared in public for the first time since his attack, wearing a hat indoors after sustaining a skull fracture
▼ + stars: | 2022-12-05 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

He attended the Kennedy Center Honors on Sunday with wife, House Speaker Nancy Pelosi. Paul Pelosi, 82, suffered a skull fracture and injuries to his right hand and arm in the attack, and was hospitalised for six days. At the event, Pelosi wore a glove over his left hand, and the right was bare. At the event, Kennedy Center chairman David Rubenstein praised the Pelosis, who received an ovation from attendees. The new Republican majority is expected to elect Rep. Kevin McCarthy as House Speaker.

☆ George Clooney, Gladys Knight among Kennedy Center honorees
▼ + stars: | 2022-12-04 | by ( ) www.cnbc.com time to read: +5 min

Secretary of State Antony Blinken, second from left, and his wife, Evan Ryan, left, join 2022 Kennedy Center Honorees, front row from left, Amy Grant, Gladys Knight, George Clooney, Tania León, and Kennedy Center President Deborah Rutter, back row from left, Kennedy Center Chairman David Rubenstein, along with fellow 2022 Honorees Adam Clayton, Larry Mullen Jr., The Edge, and Bono for a group photo at the State Department following the Kennedy Center Honors gala dinner, Saturday, Dec. 3, 2022, in Washington. Sometimes the Kennedy Center honors not just individuals but groups; "Sesame Street" once got the nod. Composer and conductor León said during an interview when the honorees were announced that she wasn't expecting "anything spectacular" when the Kennedy Center initially reached out to her. After all, she's worked with the Kennedy Center numerous times over the years going back to 1980, when she was commissioned to compose music for a play. León left Cuba as a refugee in 1967 and eventually settled in New York City.

☆ What Kanye West, Liz Cheney, Oprah Winfrey, The Rock, and Andrew Yang have in common: They're third-party alternatives to the Biden-Trump 2024 presidential binary.
▼ + stars: | 2022-11-21 | by ( Hanna Kang | ) www.businessinsider.com time to read: +2 min

Oprah WinfreyGetty Images/Getty Images for Global CitizenOne of the most influential women in the world, Oprah Winfrey's presidential ambitions have long been a subject of celebrity-watching chatter. "I want all the girls watching here, now, to know that a new day is on the horizon," she said. Winfrey said she had met with someone who offered to help with a political campaign, but she declined. "I've always felt very secure and confident with myself in knowing what I could do and what I could not," Winfrey told Brown. "I thought, oh gee, I don't have the experience, I don't know enough, and now I'm thinking, 'Oh, oh?'"

☆ Arun Majumdar's mom cooked over a coal stove on the floor, and now he's the first leader of Stanford's new climate school — here is his story
▼ + stars: | 2022-11-19 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

Building a successful climate school that both educates people and scales up technological solutions in its accelerator arm requires thinking beyond the bubble of Silicon Valley. Majumdar's understanding of the importance of a global perspective for the climate school is also personally informed. He was also a professor, did research, and worked at Google for a stint before eventually getting the opportunity to lead the launch of the Stanford climate school. The lessons he learned at ARPA-E are helping form the foundation for the accelerator arm at the Stanford climate school. Stanford Doerr School of Sustainability Photo courtesy Cat Clifford, CNBCSo far, the sustainability school at Stanford seems to be popular with students.

☆ A top economist breaks down why he's forecasting a 50% chance of recession next year
▼ + stars: | 2022-11-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In a wide-ranging conversation, Moody's Analytics' Mark Zandi broke down his US recession forecast and how a looming housing correction differs from 2008. The way Mark Zandi sees it, the US is facing a 50% chance of a recession next year, but his baseline forecast actually sounds more optimistic than those odds. "I expect prices to be down 10% peak to trough, with no recession," he said. Bank of America analysts shared one area of the bond market that's set to deliver 13% returns in 2023. A recession presents an opportunity to build wealth as a real estate investor, Mike Zuber explained.

☆ Treat investing in crypto like a trip to Las Vegas after FTX's collapse, says billionaire investor David Rubenstein
▼ + stars: | 2022-11-18 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

David Rubenstein warned investors to tread carefully around crypto after FTX's collapse. Crypto investing is like gambling because "you know you're probably going to lose," he said. "If you go to Las Vegas and you like to gamble, you know you're going to lose money," Rubenstein told "Mornings with Maria" on Fox Business. "So if it gives you pleasure to gamble, okay, so take the amount of money you're happy to lose, fine." That should encourage retail investors to stay away from crypto investing, according to Rubenstein.

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