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☆ Unemployment could end higher than Fed's 4% projection, says Evercore's Emanuel
  + stars: | 2022-09-22 | 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 EmailUnemployment could end higher than Fed's 4% projection, says Evercore's EmanuelJulian Emanuel, senior managing director at Evercore ISI, and Vincent Reinhart, a former Fed economist, join 'Squawk on the Street' to discuss whether Fed endorsed the notion of a recession, where unemployment data will end up, and more.
☆ Evercore ISI cuts S&P 500 year-end target as Fed's tough talk raises probability of a recession
  + stars: | 2022-09-22 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
The Federal Reserve's signal that it may risk a recession in its inflation fight prompted Evercore ISI to slash its market forecast Thursday. The Wall Street firm cut its year-end S & P 500 target to 3,975 from 4,200. The new target is still about 5% higher than Wednesday's close of 3,789.93 but would represent a 16% decline for 2022. The Summary of Economic Projections from the Fed showed the unemployment rate is estimated to rise to 4.4% by next year from its current 3.7%. Such a rise in unemployment has a near unblemished record of leading to a recession in short order," Emanuel said.
☆ These 4 Investing Club stocks are in the news — here's our take on what's happening
  + stars: | 2022-09-20 | by ( Paulina Likos Kevin Stankiewicz | Paulina Likos | Kevin Stankiewicz | ) www.cnbc.com   time to read: +10 min
Further support came Monday, when closely followed Apple analyst Ming-Chi Kuo reported the company asked manufacturing giant Foxconn to "switch production lines of the iPhone 14 to iPhone 14 Pro models." "Aggregate, Pro mix increased from an average of 41% to 56%, reflecting the benefit from Apple's efforts to concentrate upgrades in the Pro Models. The result is the average selling price of the iPhone 14 is probably around $940, the analysts concluded, compared with around $852 last year. As the strength of Pro models becomes an established view, the question shifts to what's happening with demand for the base iPhone models. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
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