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"You can't just work out; you can't just enjoy it," another former Hamptons trainer added. Several pointed out that TA's longtime Hamptons studio manager left just before the summer season, and a current Hamptons trainer said the manager hadn't been replaced. One person who attends drop-in Hamptons classes said she tried to get into classes for weeks but couldn't get off the waiting list. Katia Pryce, the founder of DanceBody in NYC, worked as a TA trainer more than 10 years ago. A-listers such as Paltrow and Robert Downey Jr. have had TA trainers come to their Hamptons homes for private sessions.
Persons: Tracy Anderson, Michael Rubin's, , Anderson, Anna Kaiser, Dani Levi, they're, Anderson didn't, Neil Rasmus, BFA.com, nonmembers, nonmember, hadn't, Nonmembers, couldn't, Katia Pryce, Pryce, Gwyneth Paltrow, Madonna, She's, Megan Roup, Roup, Tracy Anderson's, Rachel Murray, Paltrow, Robert Downey Jr, Elisa Arcaya, they'd, Arianna Siegel, Levi, Irene Nederlof, Claudia Saez, Fromm, she'd Organizations: White Party, Hamptons, TA, Hampton, Getty Locations: Southampton, Sag, Tribeca, Water, California, Madrid, NYC, New York, Manhattan, Los Angeles, Amsterdam, New York City, London, Miami
Wharton professor Jeremy Siegel is warming up the Fed after months of criticism. "I see a lot of resilience and my call for recession probability has definitely gone down over the last two months," Siegel said. "There is amazing resilience," Siegel said. "I would say its 2-1 against the recession at least for the rest of 2023 and early 2024," Siegel said. No doubt there is a slowdown in the economy with recent employment numbers coming in below economists expectations, Siegel said.
Persons: Wharton, Jeremy Siegel, Siegel, it's, Jerome Powell, Powell, It's Organizations: Service, Federal, Fox, Fed Locations: Wall, Silicon
Katie Siegel is the author of newly published mystery novel, "Charlotte Illes Is Not a Detective." Siegel didn't originally envision the story as a novel, but as a video series for TikTok. An editor at Kensington Books saw her videos, and Siegel ended up with a six-figure book deal. "When it came up on my feed, I thought, 'This would be such a great mystery series,'" Plackis said. The two decided to work together on a proposal, and a few months later, Siegel had a six-figure, two-book contract with Kensington Books.
Persons: Katie Siegel, Charlotte Illes, Siegel, Katie Siegel didn't, she'd, TikTok, Shannon Plackis, Plackis, perusing, Vida Engstrand, Siegel's, BookTok, Barnes, Noble, Michelle Schusterman, that's, preneurs, I've, creatives Organizations: Kensington Books, The New York Times Locations: Kensington, The
U.S. sending 139 athletes to world championships
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +2 min
The team will include 82 members from last year's world championships squad in Oregon where the U.S. dominated by winning 33 medals, including 13 gold. "Coming off of such an incredible showing at Oregon22, Team USATF is primed for success in Budapest,” said USATF CEO Max Siegel in a statement. "We’re thrilled to see each and every athlete on this team put the pieces together as we head to Budapest to defend our Team Trophy." The 100m will feature Lyles, Doha winner Christian Coleman and Oregon winner and Olympic silver medallist Fred Kerley. Sha'Carri Richardson will run the women's 100 and 200 double as the U.S. tries to end Jamaica's domination of sprints.
Persons: Noah Lyles, Peter Cziborra, Christian Coleman, , Max Siegel, We’ve, We’re, Usain Bolt, Fred Kerley, Sha'Carri Richardson, Ryan Crouser, Katie Moon, Sandi Morris, Hana Moll, Grant Holloway, Michael Norman, Steve Keating, Ken Ferris Organizations: Diamond League, London, USA, USATF, Doha, U.S, Olympic, U.S ., Thomson Locations: London, Britain, United States, Budapest, Oregon, Oregon22, Tucson, Bermuda , Los Angeles, New York, Doha, Jamaica, The U.S, Eugene, Toronto
Though studies on the topic are hard to come by, anecdotal evidence points to a continued love for casual and comfortable items exiting the pandemic. The two stocks have diverged this year: Lululemon shares have advanced nearly 20%, while Nike shares have slid 7%. The majority of Wall Street views the stock favorably, with more than 70% of analysts rating it a buy or strong buy, according to Refinitiv. Deckers' shares are up 39% in 2023. DECK 5Y mountain Deckers shares over the last half decade Analysts see more upside ahead.
Persons: comfort's, Simeon Siegel, Ashley Owens, ONON, BMO's Siegel, Cowen's John Kernan, Baird, Jonathan Komp, Bank of America's David Roux, Roux, Hoka, Raymond James, Rick Patel, Patel, Jay Sole, Sole, — CNBC's Michael Bloom Organizations: Wall Street, BMO Capital Markets, Companies, Street, Lululemon, Nike, Bank of America's, UBS
Investors are so excited about stocks that they're missing the bigger, grimmer economic picture. Danielle DiMartino Booth said the complacency reminded her of the dot-com and housing bubbles. She pointed to a surge in bankruptcies and mounting pressures in the bank and real estate sectors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. DiMartino Booth has made it clear she's in the latter camp for now.
Persons: Danielle DiMartino Booth, We're, BNN, DiMartino Booth, Biden, Sam, Jeremy Siegel, Paul Krugman, David Rosenberg, Jeremy Grantham Organizations: Service, QI Research, BNN Bloomberg, Nasdaq, Dallas Fed, Federal Reserve Locations: Wall, Silicon
Jeremy Siegel expects stocks to hit fresh highs, and sees only a 30% chance of a recession. The "Wizard of Wharton" says the Fed may be done with hiking rates, and might cut them if needed. The retired professor views the strong US economy as positive for stocks and company profits. "This is a very welcome development for the markets," Siegel said. "Lower inflation and stronger economy and good guidance and good profits," he said.
Persons: Jeremy Siegel, Wharton, Powell, Siegel, Biden Organizations: Service, CNBC Locations: Wall, Silicon
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 and Veritas' Greg BranchJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, and Gregory Branch, founder and managing partner at Veritas Financial Group, join 'Closing Bell' to discuss their thoughts on the economy and more.
Persons: Wharton's Jeremy Siegel, Greg Branch Jeremy Siegel, Gregory Branch Organizations: Veritas, University of Pennsylvania's Wharton School, Veritas Financial Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquity markets are headed to new highs, says Wharton's Jeremy SiegelJeremy Siegel, University of Pennsylvania's Wharton School professor of finance, joins 'Closing Bell' to discuss if there's enough momentum in equities to keep the rally intact, whether the Federal Reserve is done with rate hikes, and more.
Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Equity, University of Pennsylvania's Wharton School, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWharton's Jeremy Siegel: The best news conference I've heard from Jay Powell in over a yearJeremy Siegel, University of Pennsylvania’s Wharton School professor of finance, joins 'Squawk Box' to discuss the Fed's latest 25 basis point hike, the market's longest winning streak in decades, and more.
Persons: Jeremy Siegel, I've, Jay Powell Organizations: University of Pennsylvania’s Wharton School
CNN —Variety has a mess on its hands. Former CNN chief Jeff Zucker, The Atlantic journalist Tim Alberta, and Puck Editor-In-Chief Jon Kelly have all called for the outlet to publicly correct the record. But, thus far, Variety has resisted taking any such action, outside quietly removing the widely panned Tatiana Siegel-written feature from its online homepage. The outlet’s deafening silence comes as the piece begins to fall apart in public. (It goes without saying that Zucker’s camp denied to Siegel that this ever happened, but she printed it anyway.)
Persons: Jeff Zucker, Tim Alberta, Puck, Jon Kelly, Tatiana Siegel, Chris Licht, , Byers, Zucker, Siegel, David Zaslav, ” Byers, Siegel weaved, imploring, Natalie Korach, Zucker’s, Ramin Setoodeh, Cynthia Littleton, Korach, Kelly, Puck’s, , Jeffrey Goldberg, , ” Goldberg Organizations: CNN, Variety, The Atlantic, Warner Bros, Penske Media Corporation, PMC, The Locations: . Alberta, ” Alberta, Miami, cabanas, , Russian, Littleton
CNN —Variety is facing a blistering wave of backlash. “Siegel was informed by The Atlantic that the charges were completely false, but she nevertheless decided to smear Alberta. Jon Kelly, editor in chief of Puck, similarly defended his reporter, who was portrayed in the piece as a Zucker shill. Reached for comment, a Variety spokesperson notably offered a defense of the piece that contained far less fervor. The spokesperson simply said, “Variety stands by our investigative story about CNN written by one of the best journalists in the business.”
Persons: Tatiana Siegel, Jeff Zucker, Zucker, , Risa Heller, Heller, ” Heller, Chris Licht, Tim Alberta, Dylan Byers, Puck, ” Jeffrey Goldberg, “ Siegel, Siegel, ” Goldberg, Licht, , Jon Kelly, “ Dylan Byers, ” Kelly, Organizations: CNN, Variety, Hollywood, Warner Bros, The, The Atlantic, Alberta Locations: Alberta, Alberta’s
Stability AI founder Emad Mostaque Courtesy of Stability AIThe CEO of one of the biggest AI startups warned that AI will "be the biggest bubble of all time." Emad Mostaque, the cofounder of Stability AI, compared the hype around the technology to the dot-com bubble, CNBC reported. Stability AI CEO Emad Mostaque told UBS analysts that he thinks AI will "be the biggest bubble of all time," CNBC reported. "I call it the 'dot AI' bubble, and it hasn't even started yet," the cofounder of the generative AI startup said on the call, according to CNBC. And in May, Wharton finance professor Jeremy Siegel was careful not to prognosticate about the future of AI companies.
Persons: Emad Mostaque, hasn't, Mostaque, Sam Altman, James Penny, Michael Hartnett, Dan Ives, Wharton, Jeremy Siegel Organizations: CNBC, Investment, Service, UBS, Investors, Bank of America Global Research, Federal Reserve, Wedbush Securities Locations: Wall, Silicon, Pitchbook, Silicon Valley
Angelo Mozilo, a founder of Countrywide Financial who presided over that lending giant’s rapid ascent and then its collapse during the financial crisis of 2008, died on Sunday. His death, in the Santa Barbara, Calif., area, was announced in a statement by the Mozilo Family Foundation, the family’s philanthropic organization. Countrywide was a major player in the run-up to the housing crisis, when looser financial regulations enabled lenders to aggressively sell risky mortgage products to prospective homeowners, contributing to a bubble in housing prices. Mr. Mozilo, the son of a Bronx butcher and who worked his way through Fordham University, became one of the most recognized executives associated with the crisis. Motivated by his modest beginnings, he had built Countrywide into one of the nation’s largest mortgage lenders by the early 2000s.
Persons: Angelo Mozilo, Mozilo Organizations: Countrywide Financial, Foundation, Countrywide, Fordham University Locations: Santa Barbara, Calif, U.S, Bronx
How America fell out of love with ice cream
  + stars: | 2023-07-16 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +9 min
Ice cream is “the ultimate comfort food.”Drinkers swapped a pint for a scoop, and for ice cream makers, Prohibition was a boon. “In fact they say that the ice cream business is bound to increase in volume from year to year as more people are using ice cream since the coming in of nation-wide prohibition and the going out of the saloon.”The interest in ice cream continued in World War II, buoyed by the government’s use of the frozen dessert to help boost morale. Margaret Bourke-White/The LIFE Picture Collection/Shutterstock“We built pop-up ice cream factories on the front lines, delivered individual ice cream cartons to foxholes and spent more than a million dollars on a floating ice cream barge that patrolled the Pacific delivering ice cream,” Siegel said. Scoops of Falooda ice cream are placed on top Blueberry Lavender ice cream at Pints of Joy in Sunnyvale, California. Today, she teaches aspiring ice cream entrepreneurs how to make ice cream.
Persons: Earl Leaf, Michael Ochs, Baskin Robbins, , Matt Siegel, ” Siegel, Yuengling, , Margaret Bourke, , Siegel, John Robbins, Robbins, Burt Baskin, Robbins ’, ” Robbins, Robbins “, Deepak Chopra, Marianne Williamson, Lucas Fuess, Richard B, Levine, Levine Roberts, Fuess, John Crawford, “ There’s, Circana, Aric Crabb, Talenti, Earl Grey, ” Crawford, Bryan Olin Dozier, Deborah Lee Organizations: New, New York CNN, US Department of Agriculture, Michael Ochs Archives, Food, Anheuser, Busch, Manufacturers, Cream, Baskin, New York Times, Rabobank, MediaNews, East Bay Times Locations: New York, NY, American, USS Maryland, Chicago , Illinois, Circana, Joy, Sunnyvale , California, Van Leeuwen, North Carolina
Christie, who is running for president again versus Trump this cycle, also received $6,600 from Jones in the second quarter, according to his campaign finance disclosure. Longtime venture capitalist Joe Lonsdale donated at least $3,300 to DeSantis in the second quarter, according to the filings. DeSantis' campaign finished the second quarter with $20 million raised. Bill Ackman, the CEO of hedge fund Pershing Square Capital, contributed $3,300 during the early stages of the quarter, according to the filings. Ramaswamy's campaign finished the second quarter having raised over $7 million, most of which was self-funded.
Persons: Ron DeSantis, Donald J, Trump, Paul Tudor Jones, DeSantis, Jones, Mitt Romney's, Barack Obama, Jeb Bush's, Chris Christie's, Christie, Forbes, Joe Lonsdale, Lonsdale, Justin Siegel, Goldman Sachs, Goldman, Vivek Ramaswamy, Ramaswamy, Bill Ackman, Ramaswamy —, Robert F, Kennedy Jr, Ackman, Ed Hyman, Glenn Dubin, Eva, Jeffrey Epstein, Dubin, Nikki Haley Organizations: Florida Gov, Governors, Washington Post, Getty, New, New Jersey Gov, Trump, Wall Street, Capital, Pershing, Twitter, Democratic, Evercore ISI, Dubin, Co Locations: Florida, Washington ,, New Jersey
Inflation came in just right in June, and it means stocks are in the "ideal environment," Jeremy Siegel said. That's well below the 41-year-record above 9% notched last summer, and a sign that the Fed's tightening efforts are working to cool the economy. "We've got kind of a Goldilocks report," Siegel said in an interview with Bloomberg on Thursday. It's the ideal environment for stocks," Siegel added. Stocks popped 2% this week, as investors expect the Fed to soon pause or dial back interest rates after the release of the June inflation report.
Persons: Jeremy Siegel, they've, We've, Siegel, Stocks Organizations: Service, Bloomberg Locations: Wall, Silicon
The pressure to adapt is growing. But in the United States, some small-business owners do not understand the complexities of digital payments. “Smaller merchants, they don’t always have the knowledge and resources to know what to do,” said Ginger Siegel, who leads the North America small-business segment at Mastercard, which offers training to business owners like Ms. Otis of Comma Bookstore. Ms. Otis said she noticed an increase in sales when she began offering mobile payments, which made the checkout process faster. “As a retailer, you want to make the experience as efficient as possible,” she said.
Persons: , Ginger Siegel, Otis Organizations: Boku, Merchant Machine, North, Mastercard, Comma Locations: United States, Britain, London, North America
Tens of thousands of borrowers with federal student loans are probably wondering: Is my debt load about to get a little lighter? In the coming days and months, thousands of borrowers will learn whether they received an account adjustment resulting in enough qualifying payments to eliminate their loans — a process that will continue until the end of the year. After that, borrowers who don’t yet have enough qualifying payments for cancellation will receive their updated payment counts. Here’s what we know about who’s eligible:Who qualifies? Borrowers with direct loans or those made through the Federal Family Education Loan, or F.F.E.L., program and held by the Education Department may qualify, including borrowers with Parent PLUS loans.
Persons: servicers Organizations: Biden, Federal Family Education, Education Department, Parent
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWharton Professor Jeremy Siegel: Here's why the Fed should stop raising ratesJeremy Siegel, professor emeritus at the Wharton School and senior economist to WisdomTree, joins 'Squawk on the Street' to discuss why he thinks the Fed should stop raising rates, the current state of the economy, and more.
Persons: Wharton, Jeremy Siegel, Here's Organizations: Wharton School
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe know people will come to Prime Day but the question is will they spend, says BMO's Simeon SiegelSimeon Siegel, BM Capital Markets, joins 'Fast Money' to talk Amazon Prime Day and what it could mean for the retailer.
Persons: BMO's Simeon Siegel Simeon Siegel Organizations: BM Capital, Amazon
529 College Savings PlansI’m a parent of a toddler. What are the implications of following these two approaches: Gamble on financial aid, or be unethical? — A California readerThere are many misconceptions about how 529 college savings plans will affect a prospective student’s eligibility for financial aid, but your initial hunch was correct. If the 529 account is owned by a grandparent or another relative, it is not included in financial aid calculations. Some good news: Grandparent withdrawals will no longer be reported on the upcoming financial aid form, released in December for the 2024-25 academic year, financial aid and 529 experts said.
Persons: Gamble, it’s Organizations: Federal Student Aid Locations: California
Now, imagine that you have three children, are separated from your spouse and are earning just $11.50 an hour after spending years raising them. That was the predicament that Joanna Leiserson found herself in when she was living in Spokane, Wash., in 2000 and her oldest child was about to start college. PLUS loans were the only way to afford the schools that best fit her children’s needs. And then there is the matter of any higher power that might have an opinion on the matter. “Which is a community in which all persons can live sustainable lives of dignity and respect.”
Persons: Joanna Leiserson, she’s, , “ I’m, Ms, Leiserson Organizations: Public, Republicans Locations: Spokane, , forbearance
Georgetown University in Washington, D.C. Not everyone with debt would have been covered under the Biden administration’s student loan forgiveness plan. The Supreme Court has barred the Biden administration from carrying out its plan to extinguish up to $20,000 in federal student loan debt, and millions of borrowers will continue to struggle under the weight of their loans. Ms. Schmidt owes $64,000 in student debt, more than half of which is for her graduate work in nursing. But she’s already contemplating how she’ll finance her dream of becoming a civil rights lawyer, which typically requires an additional six figures in student debt. Yet her mother is still paying down student debt of her own.
Persons: Biden, Gina McDavitt, weren’t, Pell, , , McDavitt, ” Ms, Ms, Monica Schmidt, Schmidt, Kevin Serna, Dorien Rogers, Rogers, Asha Anthony, she’s, , Anthony, Mr, don’t, Joanna Leiserson, Brian Kaiser, “ I’m, Leiserson Organizations: Georgetown University, Biden, College of San, San Francisco State University, The New York Times, University of Phoenix, Northern Illinois University, Public, Schaun, Tax, Howard University, Salisbury University, The New York, Republicans Locations: Washington ,, College of San Mateo, Bay, Vallejo , Calif, Genoa, Ill, Germantown, Md, Credit, Montgomery County, Mesa, Maryland, Spokane, , forbearance
Student loan experts expect the administration to provide a safety net for borrowers, giving them extra time — a grace period of at least three months — to send in their payments. So if a borrower could not make a payment within that period, a late payment would not be reported to credit reporting bureaus. The Education Department released the proposal in January, and a final rule — which may have been tweaked from the initial proposal — was sent to the White House for review on May 23. That means the final version of the plan is closer to being published, which could happen in the coming weeks (You can find our guide on the initial proposal here). But even after the final plan is released, getting it up and running by October will be challenging.
Persons: Biden administration’s, , Biden, it’s Organizations: Education Department, White House
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