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☆ No hurry for the Fed to lower rates 'as long as the economy remains strong': Wharton's Jeremy Siegel
▼ + stars: | 2024-02-26 | 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 EmailNo hurry for the Fed to lower rates 'as long as the economy remains strong': Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's rate path outlook, and more.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Fed, University of Pennsylvania’s Wharton School of Business

☆ How Hermes Became the Ultimate Status Symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, —, waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn

☆ How Hermès became the ultimate status symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

☆ A fund manager beating 98% of his peers over the last 10 years breaks down why the stock market resembles the 'Nifty 50' bubble of the 1970s, when the market's biggest names got crushed as inflation s
▼ + stars: | 2024-02-22 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Disco is backOthers have also started to compare today's market and the 1970s' "Nifty Fifty." AdvertisementJPMorgan's Chief Global Strategist Marko Kolanovic also said in a note on Wednesday that fiscal spending and inflation could resemble the 1970s landscape. Similar to the 1970s, there are currently 3 active geopolitical conflict zones – eastern Europe, Middle East, and South China Sea," Kolanovic said. Kolanovic included in his note the chart below, which shows the correlation between inflation and the performance of the S&P 500.

Persons: —, Albert Edwards, Bank of America's Michael Hartnett, Jeffrey Gundlach, Cole Smead, Smead, Sears Roebuck, Alphabet's, Nvidia's, Microsoft's, Jeremy Siegel, David Rosenberg, Merrill Lynch, " Rosenberg, Marko Kolanovic, Kolanovic Organizations: Service, Societe Generale, Bank of America's, Treasury, Nasdaq, DoubleLine, Investments, Business, Morningstar, Microsoft, Nvidia, Xerox Locations: Europe, Middle East, South China

☆ The 10 best undervalued small-cap stocks to buy now: Morningstar
▼ + stars: | 2024-02-11 | by ( Mark Reeth | ) www.businessinsider.com time to read: +4 min

2023 was the year of large-cap stocks, but 2024 may go down as the year small caps made their comeback. Small stocks, big possibilitiesEarlier this year, Bank of America’s head of US small & mid-cap strategy Jill Carey Hall outlined her take on so-called “SMID-cap” stocks in 2024. Her argument is simple: small-cap stocks are cheap, particularly value stocks, and they’re well-positioned to capitalize on market trends this year. Therefore, while small-cap stocks seem substantially cheaper than their large-cap counterparts, careful asset selection is needed, and we think it’s important to focus on quality.”10 best undervalued small-cap stocks to buyThere’s clearly an opportunity to be had in small-cap value stocks, though that opportunity still comes with its own risks. She recently compiled advice from Morningstar analysts into a list of the 10 best small-cap stocks to buy.

Persons: Jill Carey Hall, “, ” Carey, ”, Dave Sekara, Wharton, Jeremey Siegel, I'm, ” Siegel, there’s, Sekara, Morningstar, Tyler Dann, Susan Dziubinski Organizations: Meta, Nvidia, Business, Bank of, ” Morningstar, CNBC, Morningstar

☆ Potential red flags for the rally
▼ + stars: | 2024-02-09 | 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 EmailPotential red flags for the rallyThe Investment Committee debate Professor Jeremy Siegel's idea that the bull market doesn't depend on the Fed cutting rates soon.

Persons: Jeremy Siegel's

☆ Israel’s repudiation of a deal with Hamas draws fury from hostages’ families
▼ + stars: | 2024-02-09 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +10 min

Survivors of the October 7 terror attack and the families of hostages were furious at the uncompromising repudiation of a deal that – ultimately – could have resulted in the return of all the remaining hostages in Gaza. Moshe’s words carried power – she was kidnapped by Hamas from Kibbutz Nir Oz and held hostage in Gaza for seven weeks. The families of the hostages held in Gaza have emerged as a leading voice and they attract huge support among Israelis. Protesters demand a hostage deal amid the ongoing conflict between Israel and Hamas, in a demonstration in Tel Aviv, Israel, on February 1, 2024. These anti-government protests are still strictly separate from the hostage families’ events, which tend to take place just down the road at what has become known as the Hostage Plaza.

Persons: Benjamin Netanyahu, “, ” Netanyahu, –, Adina Moshe, Netanyahu, Sahar Kalderon, Aviva Siegel, Nili Margalit, Sharon Aloni Cunio, Susana Vera, I’m, ” Moshe, Nir Oz, David, Sa’id, Moshe, Lital Shochat, Shochat, ‘, Shochat Chertow, Shiva, ”, Doron Shabtai, Shabtai, Ivana Kottasova, Yair Lapid, ” “, Bibi ”, Evyatar Cohen, … Organizations: Tel, Tel Aviv CNN, State, Wednesday, Reuters, Protesters, Israel Democracy HQ, Hamas, CNN, Israeli, Yesh Locations: Tel Aviv, Israel, Gaza, Sderot, Jerusalem, Israel’s, Lebanon

☆ The S&P 500 will try to maintain its momentum next week after breaching 5,000, with key inflation data, earnings on deck
▼ + stars: | 2024-02-09 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. On Friday, both the S & P 500 and the Nasdaq Composite were headed for their fifth straight week of gains, and their 14th winning week in 15. FactSet data shows S & P 500 earnings are tracking to have risen 2.8% in the fourth quarter, which would be a second straight quarter of earnings growth, and some expect that positive momentum will remain intact in the weeks ahead. A cooler-than-expected print has the potential to be greeted with enthusiasm, sending the S & P 500 even higher. The S & P 500 is up by 5% this year, with Nvidia higher by more than 40%.

Persons: Jeremy Siegel, CNBC's, Siegel, Karim El Nokali, we've, Tony Welch, Dow, SignatureFD's Welch, there's, Welch, Russell, Jason Hunter, that's, Hunter, Matt Kishlansky, Biogen, Kraft Heinz, Generac Organizations: Treasury, Wharton Business, Nasdaq, Arista Networks, Marriott International, Occidental Petroleum, Deere, Applied Materials, Dow Jones, Wall, Nvidia, Arm Holdings, JPMorgan, New York Community Bancorp, Federal Reserve, Treasury Budget, Waste, CPI, MGM Resorts International, Akamai Technologies, Howmet Aerospace, Molson Coors Beverage, Hasbro, Price, Index, Philadelphia Fed, Retail, Manufacturing, Housing, PPI Locations: SignatureFD, U.S, Long, GenTrust, Albemarle, NAHB, Michigan

☆ S&P's march to 5,000 is 'quite a marvel', says Wharton's Jeremy Siegel
▼ + stars: | 2024-02-08 | 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 EmailS&P's march to 5,000 is 'quite a marvel', says Wharton's Jeremy SiegelJeremy Siegel, Wharton School professor, joins 'Closing Bell' to discuss the S&P 500 closing in on the 5,000 level and what it means for the markets.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Wharton School

NEW YORK (AP) — Visitors to Boston this summer will get a treat: A stage show that reunites singer-actor Kristin Chenoweth with her “Wicked” songwriter Stephen Schwartz. Chenoweth will star as socialite Jacqueline “Jackie” Siegel in the live adaptation of the 2012 documentary film “The Queen of Versailles.” The musical will make its world premiere at Emerson Colonial Theatre from July 16-Aug. 18. They hope it can make it to Broadway after its Boston try-out. Academy Award-winning actor F. Murray Abraham will play Siegel's husband and other cast members include Melody Butiu and Nina White. The story is by Lindsey Ferrentino and direction is by Tony Award-winner Michael Arden, who helmed the hailed recent Broadway revival of “Parade.”

Persons: Kristin Chenoweth, Stephen Schwartz, Chenoweth, Jacqueline “ Jackie ” Siegel, of Versailles, ”, Siegel, David “, King ” Siegel, Glinda, Tony, Charlie Brown, F, Murray Abraham, Melody Butiu, Nina White, Lindsey Ferrentino, Michael Arden Organizations: —, Emerson Colonial Theatre, Broadway, Boston Locations: Boston, America, Orlando , Florida, of Versailles, France

☆ Wharton's Jeremy Siegel says the S&P 500 isn't overvalued, even as it crosses 5,000 for the first time
▼ + stars: | 2024-02-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Robust earnings and economic data have boosted equities to start 2024, with the S & P 500 briefly crossing the key 5,000-point threshold for the first time in history. But even with stocks at these lofty prices, famed Wharton professor of finance Jeremy Siegel doesn't believe that the market looks expensive, especially when viewing it from a longer-term lens. "I don't think right now the market is overvalued for a long-term investor by any means." In particular, Siegel pointed to strong company fundamentals to bolster his claim that equities are trading near their fair valuation. "When we think about 5,000, it wasn't long ago when we had some very big names telling us the S & P was going down to 3,600," Siegel said.

Persons: Wharton, Jeremy Siegel doesn't, Siegel, we've

☆ Watch CNBC’s full interview with Wharton's Jeremy Siegel, Hightower’s Stephanie Link and Virtus’ Joe Terranova
▼ + stars: | 2024-02-08 | 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, Hightower’s Stephanie Link and Virtus’ Joe TerranovaJeremy Siegel, Wharton School professor, Hightower’s Stephanie Link and Virtus’ Joe Terranova join 'Closing Bell' to discuss the S&P 500 closing in on 5,000 level and what it means for the markets.

Persons: Wharton's Jeremy Siegel, Hightower’s Stephanie Link, Virtus ’ Joe Terranova Jeremy Siegel, Virtus ’ Joe Terranova Organizations: Virtus ’, Wharton School

☆ A New Perk for Some Student Loan Borrowers: A 401(k) Match
▼ + stars: | 2024-02-02 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Student loan borrowers who are lucky enough to have access to a 401(k)-type plan, but are too stretched to save in it, may soon be helped by a new workplace benefit: Paying off their student loans can generate retirement savings contributions from their employer. Starting this year, workers with student loans can receive employer matching contributions in workplace plans, even if they’re not able to save anything on their own. The loan payments count instead. The new feature was made possible by legislation known as Secure 2.0, which included a package of retirement-related provisions intended to boost savings. “Employers can distinguish themselves in attracting and retaining workers by offering such benefits,” said Craig Copeland, director of wealth benefits research at the Employee Benefit Research Institute, a nonprofit, particularly those “who are struggling with their finances and have student loan debt.”

Persons: they’re, ”, Craig Copeland Organizations: Dow Inc, News Corp, Masco Corp, Unilever, Fidelity Investments, “, Research Institute

☆ What the Fed’s Rate Moves Could Mean for Mortgages, Credit Cards and More
▼ + stars: | 2024-01-31 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

While the Federal Reserve is expected to keep its key interest rate unchanged on Wednesday, American households will want to know whether rate cuts are on the horizon, which could have meaningful implications for their monthly budgets. It has remained robust, which means policymakers might take their time before pivoting to rate cuts. But some banks have already started reducing the rates they pay to consumers, including on some certificates of deposit. Credit CardsCredit card rates are closely linked to the central bank’s actions, which means that consumers with revolving debt have seen those rates quickly rise over the past couple of years. (Increases usually occur within one or two billing cycles.)

Organizations: Federal Reserve

☆ Fed will not be in a rush to lower rates: Wharton's Jeremy Siegel
▼ + stars: | 2024-01-26 | 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 will not be in a rush to lower rates: Wharton's Jeremy SiegelJeremy Siegel, Wharton School professor of finance, joins 'Closing Bell' to discuss markets, earnings, and what to expect for the week ahead.

Persons: Jeremy Siegel Jeremy Siegel Organizations: Wharton School

NEW YORK (AP) — Lorrie Moore, Naomi Klein and the Egyptian writer Ahmed Naji are among the finalists for National Book Critics Circle awards. Honorary prizes are going to Judy Blume and to a longtime ally of Blume's in the fight against book bans, the American Library Association. On Thursday, the critics circle announced nominees in seven competitive categories, ranging from fiction to debut book to best translation. The other fiction nominees are Justin Torres' “Blackouts,” winner of the National Book Award last fall; Teju Cole's “Tremor,” Daniel Mason's “North Woods”; and Marie NDiaye's “Vengeance Is Mine,” translated from the French by Jordan Stump. The book critics circle, founded in 1974, consists of hundreds of reviewers and editors from around the country.

Persons: — Lorrie Moore, Naomi Klein, Ahmed Naji, Judy Blume, Blume's, Moore, “, Justin Torres, ” Daniel Mason's “, Marie NDiaye's, Jordan Stump, Grace E, Tina Post's, ” Nicholas Dames, ”, Myriam Gurba's, Naji, Katharine Halls, Matthew Zapruder's “, ” Susan Kiyo Ito's, David Mas, Patricia Wakida, Jonathan Coe's Martin Luther King, Gregg Hecimovich, Hannah Crafts, Anna, Rachel Shteir's, Betty Friedan, Jonny Steinberg's, Winnie, Nelson, Saskia Hamilton's “, ” Kim Hyesoon's, ” Romeo Oriogun's, Robyn Schiff's, Kareem Abdulrahman, Natascha Bruce, Dorothy Tse's ”, Don Mee, Kim Hyesoon's, ” Todd, ” Maureen Freely’s, Tiffany, Indonesian Norman Erikson Pasaribu's, John Leonard, Ariana Benson's, ” Emilie Boone's, ” Victor Heringer's “, ” Tahir Hamut Izgil's, Donovan X, Martin J, Siegel's, Blume, Becca Rothfield, Marion Winik Organizations: American Library Association, Rotten, PEN America, U.S, Washington Locations: Egypt, Indonesian

“The thing you’ve got to do primarily is set rules and enforce them,” said John S. Martin Jr., a former U.S. District Court judge in Manhattan. In Ms. Carroll’s defamation trial, Mr. Trump seemed almost to be goading Judge Kaplan into throwing him out of the courtroom. After his two recent confrontations with the judges, Mr. Trump held news conferences before cheering supporters in the lobby of his building at 40 Wall Street. Ms. Carroll’s defamation trial is being heard by a nine-person jury in Federal District Court, with Judge Kaplan overseeing the proceedings. During his diatribe, Mr. Trump refrained from attacking any staff members.

Persons: Arthur Engoron, Donald Trump, Donald J, Arthur F, Trump, Mr, ”, Jean Carroll, Judge Lewis A, Kaplan, Ms, you’ve, John S, Martin Jr, “, ” Mr, Carroll’s, Letitia James, Kaplan “, Alexi J . Rosenfeld, Trump’s, Engoron’s, Judge Kaplan, Carroll, Jefferson Siegel, The New York Times Judge Kaplan, Bill Clinton, Sam Bankman, Sulaiman Abu Ghaith, Osama, Laden, Katherine B, Forrest, Judge Kaplan’s, Michael B, Mukasey, Justice Engoron, Art Garfunkel, —, James, Christopher M, Kise, Engoron, Kate Christobek, Olivia Bensimon, Kirsten Noyes Organizations: Trump, Getty, Court, The New York Times, Mr, New York Times Locations: New York, York, U.S, Manhattan, New Hampshire, Trump’s Manhattan

☆ Gaza endgame: Inching toward a deal to end the war
▼ + stars: | 2024-01-25 | by ( Elliott Gotkine | ) edition.cnn.com time to read: +5 min

On Monday Axios reported Israel had proposed a two-month truce in exchange for the release of all the 100-plus hostages still held in Gaza. The sticking point there appears to be that Hamas wants a “package deal” which would include a second-phase agreement to end the war. For now, though, such talk remains moot, with an Israeli official telling CNN there’s no concrete deal on the table. “But at the same time we can’t gamble on the future of Israel [by leaving Hamas in control of Gaza]. Any deal Israel is looking to seal, says Ziv, would be more likely to come into effect once the Khan Younis operation is complete.

Persons: Ofer Shelah, Axios, Israel, David Barnea, Yahya, Shelah, ”, Mohammed bin Abdulrahman, Thani, Antony Blinken, it’s, wouldn’t, Yasser Arafat, Israel doesn’t, Benjamin Netanyahu’s, Aviva Siegel, Netanyahu, Israel Ziv, there’s, ” Ziv, Khan Younis, Ziv, There’s, Israel’s, Gadi, “ Organizations: CNN, Hamas, Israel’s Institute for National Security Studies, Street Journal, Reuters, Qatari, ’, Israel, Israel Democracy Institute Locations: Gaza, Israel, Qatar, Mohammed bin Abdulrahman Al, Beirut, Tunis, United States, “ Israel

☆ Israel’s Netanyahu rejects any Palestinian sovereignty in post-war Gaza, rebuffing Biden
▼ + stars: | 2024-01-20 | by ( ) www.cnbc.com time to read: +8 min

US President Joe Biden (L) meets with Israel's Prime Minister Benjamin Netanyahu in Tel Aviv on October 18, 2023, amid the ongoing battles between Israel and the Palestinian group Hamas. The families want the government to take bold steps to free the hostages, fearing that Israel's military activity in Gaza further endangers their lives. Health authorities in Hamas-ruled Gaza say Israel's offensive has killed nearly 25,000 Palestinians, most of them women and children. As part of its search for the hostages, Israel's military dropped leaflets on Gaza's southernmost town of Rafah. Israel's military didn't immediately comment.

Persons: Joe Biden, Benjamin Netanyahu, Joe Biden's, Netanyahu, Biden, Gaza hasn't, Israel, Antonio Guterres, Gadi Eisenkot, We've, Yuval Bar, Keith Siegel, Eli Shtivi, Majd, Khan Younis, Halima Abdel, Rahman, Tawfiq, Hafez Ajaq Organizations: Israel's, Palestinian, Hamas, U.S, Israel, Health, United Nations, Police, Iranian, Revolutionary Guard, National News Agency, Associated Press, West Bank, . Locations: Tel Aviv, Israel, Gaza, United States, Uganda, Israeli, Caesarea, pita, Haifa, Rafah, Iranian, Lebanon, Iran, Yemen, Lebanese, Tyre, Jabaliya, Bani Suheila, Khan, Ramallah

☆ Bitcoin E.T.F.s Come With Risks. Here’s What You Should Know.
▼ + stars: | 2024-01-19 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Nearly a dozen new investments funds that hold Bitcoin began trading last week, making it easier for anyone with a basic brokerage account to buy a slice of the digital currency. Several established financial institutions, including Fidelity and BlackRock, have coalesced around Bitcoin because it is the world’s first and largest cryptocurrency. But Bitcoin remains an enigma to most everyday investors, and it’s hard to separate the buzz from any true potential. But putting crypto into a traditional investment wrapper does not paper over the underlying risks. Exchange-traded funds are similar to mutual funds, but they can be traded on an exchange like a stock.

Persons: Bitcoin, It’s Organizations: Fidelity, Exchange Locations: BlackRock

The number of new cancer cases in the U.S. is expected to top 2 million for the first time in 2024, based on new research that also points to shifting age patterns among cancer patients and a troubling increase in overall cancer incidence among people younger than 50 . The American Cancer Society’s latest statistical report, released on Wednesday, says the country’s cancer mortality rate fell by 33% from 1991 through 2021. Prostate cancer incidence increased by about 3% per year after experiencing a nearly 40% drop from 2007 to 2014. Overall, researchers project 2,001,140 new cancer cases and 611,720 cancer deaths will occur in the U.S. in 2024. Lisa Lacasse, president of the American Cancer Society’s advocacy affiliate, the American Cancer Society Cancer Action Network, said the report’s findings underscore a need for policies that help to address such disparities.

Persons: “ We’re, ” Rebecca Siegel, we’ve, ”, Ahmedin Jemal, Jemal, Lisa Lacasse Organizations: Cancer, American Cancer Society, American, Pacific, American Cancer, American Cancer Society Cancer Action Network Locations: U.S, California, Wyoming . U.S, Maine, Utah, Alaska, Pacific Islander

☆ Trump just lost his star lawyer in his Stormy Daniels trial and E. Jean Carroll appeal
▼ + stars: | 2024-01-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewJoe Tacopina, a defense lawyer for former President Donald Trump who's known for representing famous clients, has withdrawn from two of Trump's major legal battles, including his Manhattan trial involving adult film star Stormy Daniels. Tacopina was one of the key players on Trump's legal team, with a list of high-profile trial victories under his belt. Tacopina isn't the first lawyer to quit Trump's team amid the former president's legal battles. In June, Attorneys Jim Trusty and John Rowley said they would stop representing Trump in his indictment over his handling of classified documents. Representatives for Trump and Tacopina Siegel & Deoreo did not immediately respond to requests for comment sent outside regular business hours.

Persons: —, Joe Tacopina, Donald Trump, Stormy Daniels, Tacopina, Lewis Kaplan, E, Jean Carroll, he's, Trump, Daniels, Susan Necheles, Todd Blanche, Carroll, Alina Habba, Michael Madaio, Sean Hannity, Michael Jackson, Alex Rodriguez, Hannity, Steven Cheung, Crooked Joe Biden, Jim, John Rowley, Tacopina Siegel, Deoreo Organizations: Service, Business, Trump, ABC, Fox News, Major League Baseball, New York Times, America Locations: New York, Carroll's, Manhattan

☆ Priscilla Presley supported her granddaughter Riley Keough at the Emmys months after their legal dispute over Lisa Marie's estate
▼ + stars: | 2024-01-16 | by ( ) www.businessinsider.com time to read: +3 min

Read previewMonths after their legal dispute about the future of the late Lisa Marie Presley's estate, Riley Keough and Priscilla Presley walked the red carpet together at the 2024 Emmy Awards on Monday. They had one daughter together, Lisa Marie, who died in 2023. Keough is Lisa Marie's daughter. AdvertisementAs Business Insider's Eve Crosbie reported, Lisa Marie inherited her father's whole estate on her 25th birthday in 1993. Lisa Marie named her oldest children Benjamin, who died by suicide in 2020 at the age of 27, and Keough as the new co-trustees.

Persons: —, Lisa Marie Presley's, Riley Keough, Priscilla Presley, Keough, Daisy Jones, Presley, Ali Wong, Elvis, Lisa Marie, Lisa Marie's, Myung J, Chun, Getty Images Keough, Eve Crosbie, she'd, Barry Siegel, Benjamin, they're Organizations: Service, Business, Los Angeles Times, Getty Images Locations: Graceland

☆ Some Student Loan Borrowers May Be Eligible for Forgiveness Sooner
▼ + stars: | 2024-01-12 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Federal student loan borrowers who initially took out smaller loan amounts may be eligible for debt cancellation sooner than they anticipated. The SAVE plan, which reduces payments for millions of borrowers, opened for enrollment last August. But some of its benefits, like the shortened path to forgiveness, were not set to take effect until July 2024. SAVE cuts that term by half for people who initially borrowed $12,000 or less and reduces the repayment timeline for those who originally borrowed $21,000 or less. For example, if someone originally borrowed $13,000 in loans, any remaining balance would be forgiven after 11 years of payments.

Organizations: Biden, Education

☆ The market could be rallying itself out of the Fed interest rate cuts it wants so badly
▼ + stars: | 2023-12-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Rallies in the stock and bond markets could be undone by the very thing that seems to be underpinning the moves higher. The Fed relies on an amorphous group of indicators collectively known as "financial conditions" to help judge the state of play on policy. True to form, a Chicago Fed baromete r is showing financial conditions at their easiest since early February 2023. But I think they don't want to be premature, because they also know there's a risk of the economy restarting with the loosening of financial conditions. "That does not necessarily support the 'happy days are here again' everything-rally that we're currently seeing in the market."

Persons: Jerome Powell, Roger Ferguson, Powell, Jay Powell, Peter Boockvar, they're, Ferguson, Wharton, Jeremy Siegel, we're Organizations: Federal Reserve, Treasury, Dow Jones, Bleakley Financial, Chicago Fed, Committee, Traders, Fed, Group, CNBC

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