Banks

Wharton professor Jeremy Siegel says Jerome Powell is making one of the biggest policy mistakes in the Fed's 110-year history, and it could lead to a major recession

6 days ago   |   By Business Insider

Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania. Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images The Fed is making the same exact mistake it made a year ago, and possibly the biggest mistake in its history. That's according to Jeremy Siegel, who criticized the Fed's inability to recognize inflation is coming easing. "It makes absolutely no sense to me whatsoever, way too tight!" Siegel said. Wharton professor Jeremy Siegel has a big issue with the Federal Reserve's aggressive interest rate hikes in its bid to tame inflation, and...
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Inside the 19-year relationship of Meta CEO Mark Zuckerberg and Priscilla Chan, who are about to have their 3rd baby together

6 days ago   |   By Business Insider

Facebook CEO Mark Zuckerberg and Priscilla Chan. AP Photo/Jeff Chiu
Meta CEO Mark Zuckerberg has been married to his wife, Priscilla Chan, since 2012.
The couple met during college and have since had two kids together with a third on the way.
They've also founded the Chan Zuckerberg Initiative and amassed a real estate empire.
Meta CEO Mark Zuckerberg may not have gotten an undergrad degree out of Harvard, but he has his time at the university to thank for introducing him to his wife, Priscilla Chan. The couple met in 2003 at a frat party, and tied the knot in 2012, one day after the IPO...
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20-year-old who tracks Elon Musk and Mark Zuckerberg's private jets says Facebook took down his page because it violates their policy

6 days ago   |   By Business Insider

Mark Zuckerberg and Elon Musk. Kevin Dietsch/Michael Gonzalez/Getty Images
Jack Sweeney said Facebook shut down his page that tracks Elon Musk's jets.
Sweeney made headlines earlier this year when Musk offered him $5,000 to shut down a Twitter account.
The 20-year-old also shares tracking data on Mark Zuckerberg's private plane.
Jack Sweeney, the 20-year-old known for tracking Elon Musk's jet , said on Thursday that Facebook had shut down his page. Sweeney shared a picture of a notice from the social media company on Twitter that said Sweeney's page for tracking Musk's jets had been...
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Swedes don't know if pipeline ruptures damaged power cable

Swedes don't know if pipeline ruptures damaged power cable

Swedish officials don't yet know if an undersea power cable that runs between Sweden and Poland was damaged when the Nord Stream gas pipelines ruptured in what Western... Read more ...

TikTok politics: Candidates turn to it 'for better or worse'

TikTok politics: Candidates turn to it 'for better or worse'

As TikTok's popularity has exploded, it's become more than just a place for viral dance challenges. Young voters are increasingly using the app to learn about politics... Read more ...

I have a work phone. Can I keep my phone number if I leave my job?

If you've used your company-issued phone for personal as well as professional purposes, leaving your phone number behind may cause some headaches. Here's how to navigate. Read more ...

NASA, hoping to extend life of Hubble telescope, looks to SpaceX

The space agency is studying a potential mission with SpaceX to boost the telescope, which has been in space for more than 30 years. Read more ...

TestGrid is a “one-stop shop” for testing apps at scale

Created by developer who needed to test apps at scale, TestGrid is an on-demand platform that lets users run tests on websites and apps across browsers, operating systems. The... Read more ...

UK fiscal watchdog to release analysis of tax-cutting plan

UK fiscal watchdog to release analysis of tax-cutting plan

The U.K.'s Office of Budget Responsibility says it will deliver an initial analysis of the government's economic plan on Oct. 7 following a meeting Friday with Prime Minister... Read more ...

Why some analysts think investors should buy Nike after its latest earnings...

Nike shares are trading at an attractive entry point even as the sportswear giant faces a slew of macro headwinds and extra inventory, some analysts says. Read more ...

Market bull Ed Yardeni rings the alarm on further Fed rate hikes, warning...

Ed Yardeni. Adam Jeffery/CNBC/NBCU/Getty Images Ed Yardeni warned the Federal Reserve is being too aggressive in fighting inflation. The veteran economist cautioned the central... Read more ...

ByeShopee is trending on Twitter after the ecommerce giant appointed a...

LONDON, ENGLAND - FEBRUARY 04: Toni Gonzaga attends an intimate lunch to launch Time With Alessandra Facchinetti for harlan + holden at Harry's Bar on February 4, 2020 in... Read more ...

A trove of Elon Musk's texts have been released. Here's everything we...

Happy Friday, readers! The air is getting cooler and Spirit Halloween stores have overtaken defunct big-box retailers, so you know what that means: It's nearly October. Today... Read more ...