Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Siegel"


25 mentions found


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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed can't be 'anywhere near as stubborn' when it comes to rate cuts: 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, whether major averages can continue riding the five-week win streak, the Fed's rate hike outlook, and more.
Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business
US money supply has seen its longest stagnation since World War II, according to Jeremy Siegel. "You can't really have a growing economy when the M2 money supply is decreasing," Siegel told CNBC. AdvertisementThe US money supply is flashing a major warning to the US economy, according to Wharton professor Jeremy Siegel. Money supply then rebounded through the summer, but has recently returned to its decline, nearing April's low. Advertisement"You can't really have a growing economy when the M2 money supply is decreasing," he warned.
Persons: Jeremy Siegel, Wharton, Siegel, Organizations: CNBC, Service, Federal Reserve, Federal, Atlanta
The Israeli Prime Minister's office confirmed that 17 hostages held by Hamas in Gaza were released on Sunday, including four-year-old Israeli-American Abigail Mor Edan. The Prime Minister's office said that 14 of the individuals were Israeli citizens, while the other three were foreign nationals. Fifty Hamas hostages are due to be freed over the four days under the terms of an agreement between Israel and Hamas. In the first two days of the temporary cease-fire, 24 hostages were released from Gaza in exchange for 39 Palestinian prisoners. There is a clause within the current Israel-Hamas agreement that would extend the military pause if Hamas agrees to release additional hostages beyond the initial 50.
Persons: Abigail Mor Edan, Abigail Edan, Alma Avraham, Aviva Adrian Siegel, Ron Cariboy, Hagar Brodetz, Yuval Brodetz, Uriah Brodetz, Chen Goldstein Almog, Agam Goldstein Almog, Gal Goldstein Almog, Tal Goldstein Almog, Ella Elikim, Joe Biden, Abigail, she's, Liz Hirsh Naftali, Noa Naftali, Edan's, Biden, presser, Jake Sullivan, Sullivan, Sheikh Mohammed bin Abdulrahman Al Thani, Ronen Neutra, Omer Neutra, Orna, We're, Omer's Organizations: Aviva, United States National, Qatari, CBS, U.S, Hamas, Israel Defense Forces, Press Locations: Israel, Rafah, Gaza, Israeli, Qatar, Egypt, Long Island , New York
Many retailers are bracing for a bleak holiday shopping season. AdvertisementShoppers are finally feeling the weight of inflation and many retailers are bracing for a bleak holiday season . The trade association said this year's outlook has returned to pre-pandemic levels, with an average annual holiday increase of 3.6% from 2010 to 2019. AdvertisementAnalysts say the positive same-store sales from quarter to quarter suggest that the off-price retailers are gaining market share. TJX stores, which include TJ Maxx and Marshalls, have become increasingly valuable for brands to supply to.
Persons: , Rebecca Duval, Nordstrom, Ross, Bernstein, Aneesha Sherman, TJ, Simeon Siegel Organizations: Service, National Retail Federation, Fashion, Department, Nordstrom, TJX Companies, Burlington, Analysts, Yahoo Finance, TJ Maxx, Marshalls, BMO Capital Markets Locations: Ross, Burlington
BMO's Simeon Siegel weighs in on retailers' holiday expectations
  + stars: | 2023-11-24 | by ( ) 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 EmailBMO's Simeon Siegel weighs in on retailers' holiday expectationsSimeon Siegel, BMO capital markets senior analyst, joins 'Closing Bell' to discuss the winners and losers in the holiday retail season.
Persons: BMO's Simeon Siegel, Simeon Siegel Organizations: BMO
Chaos at OpenAI ensues
  + stars: | 2023-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
In today's big story, we're looking at the continued fallout from the shocking Sam Altman ouster at OpenAI. Altman is alive and well, but his run as CEO of OpenAI ended abruptly on Friday. But in the days since his firing, he's escaped a messy weekend looking like the ultimate hero, Business Insider's Katie Notopoulos writes. To be fair, Microsoft CEO Satya Nadella and OpenAI CEO Emmett Shear don't seem to know why either. Meanwhile, Salesforce's Marc Benioff is already actively recruiting OpenAI employees on X.
Persons: , Sam Altman, Altman, OpenAI, he's, Katie Notopoulos, Altman isn't, Ilya Sutskever —, Sutskever, Kali Hays, Satya Nadella, Emmett Shear, Satya Nadella Stephen Brashear, Julie Bort, Microsoft's Nadella, Nadella, that's, Madeline Renbarger, That's, It's, Kali, Ashley Stewart, Salesforce's Marc Benioff, Scott Olson, Bridgewater's, Greg Jensen, Jim Chanos, Elon, New York Jefferson Siegel, Nvidia's, Jensen Huang, execs, Elon Musk, Linda Yaccarino, Arantza Pena Popo, Camila Téllez, Melkorka, Téllez, Carly Rae Jepsen, Björk, Colleen Ballinger, Clinton, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Microsoft, Getty, BlackRock, Reuters, Nvidia, Elon, HP, Nordstrom, Clinton Lee Locations: OpenAI, Silicon Valley, Bridgewater, New York, Texas, Millennials, New York City, San Diego, London
Some Uber and Lyft drivers say being picky about the rides they accept can help their bottom lines. Business Insider asked drivers whether declining certain rides is a good strategy for increasing pay. AdvertisementThere's no cheat code for making money as an Uber or Lyft driver — but some have found strategies that work for them. "I have seen a 50-mile trip that only $20 was offered," Ken previously told Business Insider . Last year, the 70-year-old earned over $28,000 across roughly 1,500 Uber trips.
Persons: , Lyft, Ken, Nathan Stirk, Uber, hasn't, Bill, Mario Tama, he's, they're, New York Jefferson Siegel, Reuters Fred, Fred Organizations: Business, Service, Reuters Locations: Houston, North Carolina, New York, Virginia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed should 'start talking' about lowering rates, says 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, the Fed's inflation fight, 2024 outlook, and more.
Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business
“We do not prohibit people in this industry from having personal bank accounts with us,” she added. One of the risks associated with sex work is money laundering and human trafficking, where victims, mostly women, are forced or coerced to engage in commercial sex acts. Many banks and other financial platforms avoid doing business with these industries altogether. “That is the problem we have — trying to recognize potential human trafficking that we would have to report.”Beyond banks, many financial services apps have blanket bans, which state they won’t process any transactions related to adult content or services. CashApp — which, like Square, is owned by Block — lists “selling adult content and services” on its “not allowed” list.
Persons: Trish Wexler, Chase, , Organizations: Treasury, PayPal, Block Locations: OnlyFans
New York CNN —Unless you’re an avid currency collector, an employee of the Bureau of Engraving and Printing, or work at the Federal Reserve, you likely didn’t know that last year a record number of $50 bills were printed. Last year, the government printed 756,096,000 of those bills — the highest total of the denomination printed in one year in more than 40 years. In 2019, only 3.5% of all US bills printed were $50s. To understand why so many $50 bills were printed, it’s important to know how the system of printing money works. But, more likely, and more realistically, people tend to avoid using $50 bills due to them being confused with $5 or $20 bills and many stores not accepting bills larger than $20.
Persons: Ken Cedeno, Ulysses S, Grant, wasn’t, Patrick McHenry, Ronald Reagan, Bugsy Siegel Organizations: New, New York CNN, Engraving, Federal Reserve, Yum Brands, Inc, Eccles Federal, Washington DC, Fed, San Francisco Fed, US, North Carolina Republican, Centers for Disease Control Locations: New York, Washington, North Carolina, Vegas, United States
Will gym stocks be hurt by an "Ozempic effect" similar to the blow that has rocked the medical device and food sector? Stock in Planet Fitness has slipped more than 16% from the start of the year, while Life Time has added roughly 20%. Planet Fitness sunk to a 52-week low in September after the company's board ousted Chris Rondeau as chief executive officer . PLNT YTD mountain Planet Fitness stock. At Life Time, anti-obesity medication is being incorporated into the weight loss programs it offers to members.
Persons: Simeon Siegel, it's, Jefferies, Chris Rondeau, Bahram Akradi, Warren Cheng, PLNT, Cheng, Jeff Zwiefel, Alexander Perry's, Perry, Curtis Harman, Harman, It's, Piper Sandler, Korinne Wolfmeyer, Wolfmeyer Organizations: BMO Capital Markets, ISI, Bank of America, GLP, Wellness, CNBC, Holdings, Nordisk's Ozempic
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGAP beats on Q3 earnings, sees smaller than expected same-store sales declineSimeon Siegel, BMO Capital Markets Senior Analyst, joins 'Closing Bell Overtime' to talk retail earnings including GAP, TJX, Ross and more.
Persons: Simeon Siegel, Ross Organizations: GAP, BMO Capital Markets
T.J. Maxx is an off-price retailer that offers a treasure hunt shopping experience. T.J. Maxx is known as the retailer that took the inventory other stores couldn't sell. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementT.J. Maxx is often considered the last resort retailer, taking inventory other stores couldn't sell.
Persons: Maxx, , they've, Simeon Siegel, Siegel, Ernie Herrman Organizations: Service, Marshalls, TJX Companies, Yahoo Finance Locations: Maxx
He predicted central bankers could begin cutting interest rates as soon as March. The Wharton professor thinks the US could risk a recession if the Fed doesn't dial back interest rates soon. AdvertisementThe battle against high inflation is just about over, and that could give the Federal Reserve the green light to soon start cutting interest rates soon, according to Wharton professor Jeremy Siegel. AdvertisementThe Fed has raised short-term interest rates 525 basis points over the past year, which Siegel previously warned could trigger a recession. Central bankers have a bigger risk now of dialing back interest rates too late, he suggested, as the economy is already showing signs of slowing down.
Persons: Jeremy Siegel, Wharton, , Siegel, Powell, Goldman Sachs Organizations: Service, Federal Reserve, CNBC, Treasury, Bank of America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are not going to have any more inflation, says Wharton's Jeremy SiegelJeremy Siegel, Wharton School professor of finance, joins 'Closing Bell' to discuss his expectation for the Fed's next move,
Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Wharton School
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Jeremy Siegel, Lauren Goodwin and Jordan JacksonJeremy Siegel, Wharton School professor of finance, Lauren Goodwin, New York Life Investments economist, and Jordan Jackson, JPMorgan global market strategist, join 'Closing Bell' to discuss their outlook on the Fed, recession risks, and more.
Persons: Jeremy Siegel, Lauren Goodwin, Jordan Jackson Jeremy Siegel, Jordan Jackson Organizations: Wharton School, New York Life Investments, JPMorgan Locations: New York
Japan has become a gold mine for value investors
  + stars: | 2023-11-10 | by ( Edward Chancellor | ) www.reuters.com   time to read: +7 min
Having experienced a multi-decade decline after 1990, Japanese stocks have escaped the doldrums. Reuters GraphicsAnother shadow that has long lingered over corporate Japan is management teams which tended to neglect shareholders and prioritise the interests of other stakeholders. METI is also redefining the aim of Japanese companies, says Stephen Codrington, founder of the independent research firm Codrington Japan. Japan, whose regime was formerly unfriendly to equity investors, is moving in the opposite direction, says Drew Edwards, head of GMO Usonian Japan. Japan, as Codrington says, has become a gold mine for value investors.
Persons: Jeremy Siegel, “ Stocks, It's, Alex Kinmont, James Montier, METI, Stephen Codrington, Codrington, Toby Rodes, Edward McQuarrie, McQuarrie, Drew Edwards, there’s, Warren Buffett, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Investors, Credit Suisse Global Investment, Nikkei, U.S ., Local, Credit Suisse, Ministry, Economy, Trade, Industry, Electronics, Hitachi, Fujitsu, Investment, Toyota, Investment Fund, Tokyo Stock Exchange, Kaname, Takisawa Machine Tool, managements, Toyota Industries, Santa Clara University, U.S, Thomson Locations: Japan, U.S, Europe, Codrington Japan, United States
In his Comedy Central series, “Nathan for You,” he came up with outlandish ideas to promote small businesses, often capturing the surreality of human behavior as he instituted his plans. In his latest series, Showtime’s “The Curse,” created with the “Uncut Gems” filmmaker Benny Safdie, Fielder has stopped playing himself but has kept the same fascination. At the center of the first episode are two incidents that involve his character, Asher Siegel, caught in unflattering and uncomfortable situations on camera. Whitney is outraged — even if that outrage is performative, she has a reputation to maintain — but Asher is more comfortable with Dougie’s machinations. He wants to trust his childhood friend, even though from early on it seems clear that Dougie deserves no one’s trust.
Persons: Nathan Fielder’s, “ Nathan, , , Benny Safdie, Fielder, Asher Siegel, Asher, Whitney, Emma Stone, , Asher can’t, Dougie, Safdie Organizations: HBO, HGTV Locations:
“It’s a mishegas,” Whitney Siegel (Emma Stone), a convert to Judaism, says to her husband, Asher Siegel (Nathan Fielder), as they do a good deed for a needy family. “Mitzvah,” Asher corrects her. “Mishegas means something else.” (It means, roughly, “craziness” in Yiddish.) “The Curse,” which has its streaming premiere on Paramount+ with Showtime Friday and its on-air premiere on Showtime Sunday, is also something else — several things else. Above all, “The Curse” is an unnerving, erratic, dizzyingly original exploration of the fine line between mitzvah and mishegas.
Persons: , ” Whitney Siegel, Emma Stone, Asher Siegel, Nathan Fielder, ” Asher Organizations: Paramount, Showtime, HGTV Locations: New Mexico, Española
Two Sigma, one of the world’s largest hedge funds, has long prided itself on two things: the sophisticated, in-house algorithms that power its trading, and its commitment to secrecy. But recent internal troubles have forced Two Sigma to air its dirty laundry. In October, it had more bad news: An employee had altered some trading models without the firm’s knowledge, affecting its returns and drawing regulatory scrutiny. It’s the kind of mess that any investment firm wants to avoid for fear of losing clients and talent, especially one that has avoided the spotlight for much of its 22 years of existence. In a 2015 profile of Two Sigma, Forbes magazine said the two founders were “obsessive about avoiding publicity and keeping the firm’s secrets under wraps.”
Persons: David M, Siegel, John A, unbeknown Organizations: Sigma, New, Mr, Internal Revenue Service, Forbes Locations: New York
Wharton professor Jeremy Siegel said the Federal Reserve needs to consider interest rate cuts a lot sooner than expected. "I think Jay Powell has to be on high alert because we did get some weak data," Siegel said. AdvertisementAdvertisementWharton professor Jeremy Siegel said Monday that the Federal Reserve needs to stay flexible and consider interest rate cuts a lot sooner than the market expects. He ultimately expects the Fed's next interest rate move to be a cut rather than a hike, and it should come sometime in 2024. I think the next move is a cut and it might come even sooner than we think given the data," Siegel said.
Persons: Wharton, Jeremy Siegel, Jay Powell, Siegel, , I'm, he's, Powell, It's, He's Organizations: Federal Reserve, CNBC, Service
How Do You Use Checks? And Do They Work Well for You? Banks are worried about check fraud and are trying to discourage the use of paper checks. Share full articleWith check fraud on the rise, banks prefer other forms of payment these days. Image Source Pink/Getty Images
Persons: Banks
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell has to be very alert to slow down, says 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, the Fed's inflation fight, economic outlook, and more.
Persons: Powell, Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business
Bank customers get a letter in the mail saying their institution is closing all of their checking and savings accounts. Instead, they discover that their accounts no longer work while they’re at the grocery store, rental car counter or A.T.M. “Per your account agreement, we can close your account for any reason at any time,” the script often goes. These situations are what banks refer to as “exiting” or “de-risking.” This isn’t your standard boot for people who have bounced too many checks. Instead, a vast security apparatus has kicked into gear, starting with regulators in Washington and trickling down to bank security managers and branch staff eyeballing customers.
Persons: they’re Organizations: Bank Locations: Washington
Total: 25