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☆ Is it time to start paying stay-at-home parents?
▼ + stars: | 2023-01-21 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +11 min

As populations decline and Americans rethink work, it could be time to start paying parents. Like many of the stay-at-home parents Insider spoke to, Carpenter began his work in reaction to an economic reality. As workers across industries rethink what they want out of work, parents could be the final frontier. That leaves both working and stay-at-home parents to create their own economic models, and perhaps dissuades some Americans from ever becoming parents. The idea of paying parents in order to boost birth rates and ensure better outcomes for those children isn't new.

☆ Former Tottenham defender Walkes dies aged 25
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

[1/3] Jul 9, 2022; Charlotte, North Carolina, USA; Charlotte FC defender Anton Walkes (5) with the ball in the first half at Bank of America Stadium. Mandatory Credit: Bob Donnan-USA TODAY SportsJan 19 (Reuters) - English defender and Charlotte FC player Anton Walkes has died at the age of 25, the Major League Soccer club said on Thursday. Walkes died after being in a boating accident on waters in Miami on Wednesday as the club had arrived in Florida to begin a training camp for the pre-season, according to local media. Walkes later had successful spells at Portsmouth and Atlanta United before moving to Charlotte in 2022. "He will be greatly missed by many, and our thoughts and prayers are with Anton's family during this heartbreaking time."

☆ George Santos' deceit shows why you shouldn't lie on your resume
▼ + stars: | 2023-01-11 | by ( Rebecca Knight | Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

Congressman George Santos has admitted making up parts of his resume and is facing calls to resign. It's not smart to misrepresent your work experience because "today you're going to get found out." Job applicants often exaggerate their work experience and skillsFudging one's resume is a common practice. "It's not okay to omit stints of employment on an application that requires all work experience for a period of time. "You're going to get into a job you can't do," she said.

☆ There's at least one big name investor who won't be fighting the Fed next year.
▼ + stars: | 2022-12-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

As if this year didn't bring us enough bad news in the market, there's a steady chance 2023 brings more of the same. But Saint Nick's absence isn't the elephant in the room for markets — it's the Fed. Billionaire hedge fund manager David Tepper said he's "leaning short" on the stock market as the calendar changes. In a bid to squash decades-high inflation, this year the Fed has embarked on a historic interest rate-hiking campaign. "What the forwards in the Fed Funds futures are telling us is that it's increasing the probability that there's going to be a recession at some point," Caron said in a Bloomberg interview.

☆ Investors play defense heading into final trading days of year but still hope for a Santa rally surprise
▼ + stars: | 2022-12-23 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

The final trading week of the year is arriving with investors more concerned about defensive positioning than whether the stock market can muster a Santa Claus rally. Stocks were mostly lower in the past week, with the S & P 500 down about 0.6% as of Friday morning. After today, there are just four trading days left in the year, with markets closed on Monday for the Christmas holiday. In an interview on CNBC Thursday, Tepper said he is "leaning short" on the stock market because of global central bank tightening. The S & P 500 has averaged a 1.3% gain in that period, going back to 1950, and has been positive four out of every five years.

☆ Billionaire investor David Tepper: I'm 'leaning short' on stock market
▼ + stars: | 2022-12-22 | 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 EmailBillionaire investor David Tepper: I'm 'leaning short' on stock marketDavid Tepper, founder and president of Appaloosa Management, joins CNBC's 'Squawk Box' to discuss the Federal Reserve's moves to combat inflation and his expectations for 2023.

☆ Jim Cramer says the ‘worst of 3 worlds’ helped lead stocks lower on Thursday
▼ + stars: | 2022-12-22 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer outlined three reasons that markets lost a short-lived rally on Thursday. If the economy were running colder, if the stock market was lower, and if interest rates were higher before sliding, things would be different, Cramer said. Stocks fell on Thursday as Wall Street continues to worry that the Fed's interest rate hikes could tip the economy into a recession. Cramer reminded investors that charts suggest a market run could be in the works for after Thursday's trading session. "While we could still get that seasonal bounce, obviously the market's gotten tougher to game," he said.

☆ Watch CNBC's full interview with billionaire investor David Tepper
▼ + stars: | 2022-12-22 | 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 TepperDavid Tepper, founder and president of Appaloosa Management, joins CNBC's 'Squawk Box' to discuss the Federal Reserve's moves to combat inflation and his expectations for 2023. Tepper also breaks down his investing advice for 2023, his expectations for the U.S. economy and more. “We’re going to have a lot more tightening next year,” Tepper tells CNBC.

☆ Jim Cramer reacts to billionaire investor David Tepper's market outlook: 'It's nuanced'
▼ + stars: | 2022-12-22 | 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 EmailJim Cramer reacts to billionaire investor David Tepper's market outlook: 'It's nuanced''Mad Money' host Jim Cramer and the 'Squawk on the Street' team discuss recent comments on markets and the Federal Reserve from billionaire investor David Tepper.

☆ US stocks drop as signs of a still-tight labor market raise fears the Fed will stay hawkish into 2023
▼ + stars: | 2022-12-22 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

US stocks closed lower on Thursday, snapping a win streak of three consecutive gains. Weekly jobless claims rose less than expected, signaling the labor market may still be tight. "Strong economic data, especially strong labor market data, keeps the Fed's foot on the economic brake," Charles Schwab's Liz Ann Sonders said. "Strong economic data, especially strong labor market data, keeps the Fed's foot on the economic brake," Liz Ann Sonders, chief investment strategist at Charles Schwab, told Reuters. Billionaire David Tepper said he is going short on the market into 2023 over the Federal Reserve's continued hawkishness.

☆ David Tepper is 'leaning short' on the stock market into 2023 because of global rate tightening
▼ + stars: | 2022-12-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

David Tepper is bearish on the stock market right now because it's rare to have global central banks all tightening at the same time. "I'm leaning short on the equity markets," the founder of Appaloosa Management said in an interview with CNBC's " Squawk Box " Thursday. Tepper said he's been leaning short for the past couple of weeks and noted he has just small positions in the equity market. The Federal Reserve , which raised rates by another 50 basis points last week, has indicated it will continue hiking rates through next year, with no reductions until 2024. Bank of England has also been hiking rates, with officials signaling more may be on the horizon.

☆ UBS' Art Cashin says this is the next key level to watch for the S&P 500
▼ + stars: | 2022-12-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Keep an eye on the 3,800 level as the market sell-off picks up once again and investors put their hopes on a yearend rally, UBS' Art Cashin told CNBC's " Squawk on the Street " on Thursday. "That one-two combination this morning has us down, testing a very important 3,800 level in the S & P," he said. The comments from Cashin come after Tepper, the founder of Appaloosa Management, told CNBC on Thursday that he's bearish on the stock market heading into 2023. The Dow Jones Industrial Average and S & P 500 fell more than 1% each, while the Nasdaq Composite was down more than 2% in late-morning trading. The S & P 500 traded around 3,808.

☆ January will be a 'horrendous month' for firing, says Jim Cramer
▼ + stars: | 2022-12-22 | 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 EmailJanuary will be a 'horrendous month' for firing, says Jim Cramer'Mad Money' host Jim Cramer joins 'Squawk Box' to react to recent comments from billionaire investor David Tepper and break down his market outlook ahead of the open.

☆ David Tepper said he’ll be short bonds — ‘I can’t love the 2-year here’
▼ + stars: | 2022-12-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

David Tepper is bearish on bonds, especially the 2-year Treasury, amid rare coordinated tightening by central banks around the globe. I'll be short on bonds," said the founder of Appaloosa Management in an interview with CNBC's " Squawk Box " on Thursday. The 2-year Treasury yield has spiked since the Federal Reserve began hiking interest rates and is currently 4.24%, higher than the 10-year . Meanwhile, the European Central Bank has also indicated it sees significant rate increases ahead and Bank of England officials have signaled the possibility of more rate increases in the future. Tepper said he believes that one must take central banks at their word, which means a lot more tightening ahead.

☆ The bear is alive and well so keep selling
▼ + stars: | 2022-12-22 | 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 EmailThe bear is alive and well so keep sellingCarter Worth of Worth Charting on whether the charts agree with David Tepper's cautious take on the markets. With CNBC's Frank Holland and the Fast Money traders, Tim Seymour, Guy Adami, Dan Nathan and Courtney Garcia.

☆ If S&P goes below 3,800, we may have to put Santa's face on a milk carton, says UBS's Cashin
▼ + stars: | 2022-12-22 | 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 EmailIf S&P goes below 3,800, we may have to put Santa's face on a milk carton, says UBS's CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss Thursday morning's market action, previous December equity rallies and his thoughts on David Tepper's recent comments on U.S. equity markets.

☆ After this week’s Fed rate hike, where are mortgage rates headed?
▼ + stars: | 2022-12-16 | by ( Anna Bahney | ) edition.cnn.com time to read: +8 min

Mortgage rates have run up so far and so fast this year that many would-be homebuyers can no longer afford to buy a home. By fall, mortgage rates had more than doubled, eventually topping 7% in October. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. “We have to remember mortgage rates come down much slower than they go up,” said Cohn. “Volatility increases the level of mortgage rates, compared to Treasury rates, because of the prepayment option,” said Chester Spatt, professor of finance at Carnegie Mellon University’s Tepper School of Business.

☆ 'Quick quitting' can help you jump to a better job. But be careful how you do it.
▼ + stars: | 2022-12-10 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +4 min

But career strategists say it's important that short-timers exit with dignity. But can you blame him when he got a better job offer, complete with a remote-work option, an elevated title, and a $30,000 raise plus a sign-on bonus? Robert Kelley, a professor at Carnegie Mellon University's Tepper School of Business, chalked up all this quick quitting to dramatic shifts in how people think about work. But Kelley and others say it's important that short-timers exit with dignity — no need to burn bridges, after all. Kelley advised offering to stay even longer even if it means delaying the start of your next job.

☆ Chinese stocks roar in a comeback, but here’s why big investors remain cautious
▼ + stars: | 2022-11-17 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

A stunning reversal in Chinese stocks in November has investors once again reassessing whether now is the time to double down on this once-hot market. "Biden's comments that he did not see an imminent threat to Taiwan from China were also noteworthy...," said Chang to CNBC. Investors CNBC spoke to remain encouraged by the country's much-needed reopening but want more evidence to suggest Beijing is easing its zero-Covid policy. The latest third-quarter 13F filings ending Sept. 30 also show several reputable hedge funds reducing their exposure to Chinese tech stocks. These positions may have changed since the end of September, but the data does suggest buy-side investors remain cautious on owning Chinese tech.

☆ Maverick Capital bets again on Netflix, reveals new stake in this chemicals stock
▼ + stars: | 2022-11-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Lee Ainslie's Maverick Capital is betting on Netflix once again and beefing up positions in several beaten-up technology stocks after a rough year for the sector. The hedge fund opened a fresh stake worth $82.9 million in Netflix during the third quarter, according to regulatory filings. Ainslie owned the streaming stock earlier this year, but liquidated his position during the second quarter. Netflix shares have come under pressure this year in an increasingly competitive streaming environment, with shares down roughly 49%. Coatue Management, meanwhile, trimmed its position in the streaming stock.

☆ Stock futures rise after Wall Street suffers first decline in three sessions
▼ + stars: | 2022-11-14 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Stock futures were higher Monday evening after ending the day lower, snapping a two-day advance that started when a better-than-expected inflation report stoked hopes that the Federal Reserve would soon ease up on raising interest rates. S&P 500 futures and Nasdaq-100 futures gained 0.23% and 0.31%, respectively. Stocks whiplashed during the day Monday on comments from Federal Reserve leaders Lael Brainard and Chris Waller about rate hikes going forward. Markets will get more inflation information on Tuesday when the producer price index, a measure of wholesale inflation, is released. Investors will also study comments from Philadelphia Fed President Patrick Harker, Fed Governor Lisa Cook and Fed Vice Chair for Supervision Michael Barr.

☆ David Tepper's hedge fund narrows its holdings, dumps Kohls and Occidental Petroleum
▼ + stars: | 2022-11-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

David Tepper's Appaloosa Management exited small positions in several big name companies during the third quarter as the hedge fund continued to pull back from stocks. Appaloosa exited positions in Kohl's and Occidental Petroleum that had been worth $66.9 million and $51.5 million, respectively, at the end of June, according to a securities filing released Monday . The fund also zeroed out a stake in Micron Technology valued at $31.8 million and positions in Netflix and Disney that were worth less than $10 million. Appaloosa even trimmed some of its biggest holdings, such as Amazon and Alphabet , when accounting for the Google-parent's stock split in July. The latest moves echoed a similarly strategy in the second quarter, when Appaloosa also cut its equity holdings .

☆ Appaloosa sells stakes in Micron, Kohl's, Disney & Meta
▼ + stars: | 2022-11-14 | 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 EmailAppaloosa sells stakes in Micron, Kohl's, Disney & MetaCNBC's Kristina Partsinevelos joins 'Fast Money' to discuss Appaloosa Management's David Tepper and his 13F filing. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Guy Adami, Karen Finerman and Dan Nathan.

☆ Elon Musk's Twitter just fired thousands of staff. The 'chief twit' has avoided putting his name on any of the layoff memos.
▼ + stars: | 2022-11-04 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Elon Musk didn't sign the memo announcing mass layoffs at Twitter. The approach starkly contrasts with other recent layoffs; experts say Twitter's style may hurt in the long run. One expert said Musk's handling of the firings treated workers like "commodities, not like valued employees." Management experts say Musk's "impersonal" approach to layoffs may hurt the company in the long run. Robert Kelley, a management professor at Carnegie Mellon University's Tepper School of Business, said Twitter treated people like "commodities, not like valued employees" in its handling of the firings.

☆ Here's what the Federal Reserve's fourth 0.75 percentage point interest rate hike means for you
▼ + stars: | 2022-11-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +7 min

The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes. The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. As the federal funds rate rises, the prime rate does, as well, and your credit card rate follows suit within one or two billing cycles. Still, it's not the interest rate but the sticker price of the vehicle that's causing an affordability problem, McBride said. Federal student loan rates are also fixed, so most borrowers won't be impacted immediately by a rate hike.

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