Wharton professor Jeremy Siegel. CNBC/Getty Images The Fed is “slamming on the brakes way too hard” with its rate hikes, Jeremy Siegel said on Friday. The Wharton professor warned the US economy is extremely likely to suffer a recession. Siegel noted that inflation data lags economic reality, and said the worst price increases are over….
Happy Friday, readers. Hallam Bullock here, reporting from London. There’s a key US jobs report dropping at 8:30 a.m. today. It may seem like nonfarm payrolls have been a B-list macro datapoint since the Consumer Price Index has taken the spotlight all year, but the September report is of particular importance. The Fed will be…
Credit Suisse shares rose on Friday after the Swiss bank said it would repurchase about $3 billion of bonds. REUTERS/Denis Balibouse Credit Suisse shares rallied 7% and the cost of its insuring its debt dropped Friday. Investors welcomed the Swiss bank’s plan to buy back about $3 billion worth of bonds. Credit Suisse was rocked…
Russian President Vladimir Putin, right, and Russian Defense Minister Sergei Shoigu outside Moscow, Russia, Aug. 23, 2021. Evgeniy Paulin, Sputnik, Kremlin Pool Photo via AP A pro-Russian politician in Ukraine lashed out at Russia’s Minister of Defense Sergai Shoigu. Kirill Stremousov, installed as Putin’s puppet in Kherson, said Shoigu should shoot himself. It comes amid…
Welcome to the weekend (almost). Writing to you from New York, I’m Jordan Parker Erb. It’s a jam-packed edition today: We’ve got an inside look at leaked messages from Amazon workers who aren’t pleased with the company’s new raises, and the latest details on the Elon Musk-Twitter showdown. Plus, a 34-year-old shares how he knew…
In 2020, Apple was hit with a record €1.1 billion fine ($1.2 billion at the time) in France over antitrust practices with two wholesalers. Now, the Paris court of appeals has reduced the penalty by two thirds to just €371.6 million ($364.6 million today), Reuters has reported. The court ruled that the original fine was…
Apple’s rumored 27-inch Mini LED display will arrive in the first quarter of 2023, if a report by respected analyst Ross Young turns out to be on the money. Writing to his Twitter super followers, Display Supply Chain Consultants (DSCC) analyst Ross Young said that Apple has now “pushed” the display to a Q1 2023…
If you’ve been skiing before, you probably know something about how bafflingly therapeutic it can be – whether you’re bombing down slopes or taking your time. It explains why, all over the world, people move mountains to make sure that they can spend some time sashaying down slopes, sitting on slowly chugging lifts back up,…
The Google Pixel Watch will detect when you take a tumble and alert emergency services, but the company has confirmed that it won’t start doing so until the first few months of 2023. Google confirmed the news via a support document, saying that the feature will arrive “this winter (summer in Australia)”. What’s more, those…
A new music pack is now available in Beat Saber that adds Lizzo’s anthemic hits. The VR rhythm laser sword game has been adding plenty of new music and features to the game since it launched back in 2019 – this Lizzo pack follows the Lady Gaga pack released at the end of last year….