Finance

Fmr. Best Buy CEO Hubert Joly on state of the consumer, rise of retail theft and FTC-Amazon lawsuit

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Hubert Joly, Harvard Business School senior lecturer and former Best Buy chairman and CEO, joins 'Squawk Box' to discuss the state of the consumer, as confidence drops to…

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Deceit Pays Dividends: How CEO Lies Can Boost Stock Ratings and Fool Even Respected Financial Analysts

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Yves here. The study described below may sound clever and satisfying but it is actually pretty terrible. It uses an AI that it claims is 84% accurate in detecting lies and had it score earnings call transcripts from 2008 to 2016.…

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Inflation Adjusted House Prices 3.4% Below Peak; Price-to-rent index is 7.4% below recent peak

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by Calculated Risk on 9/27/2023 09:30:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.4% Below Peak; Price-to-rent index is 7.4% below recent peakExcerpt: It has been over 17 years since the bubble peak. In the…

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The consumer is our biggest concern, says Verdence Capital’s Megan Horneman

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Megan Horneman, Verdence Capital Advisors CIO, joins 'Squawk Box' to discuss the latest market trends, why she believes what we're experiencing in the markets is a valuation correction,…

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FTC Chair Lina Khan: We only bring cases when we believe there’s a law violation

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email FTC Chair Lina Khan joins 'Squawk Box' to discuss the Federal Trade Commission's antitrust lawsuit against Amazon, accusing the company of illegally using market power to raise prices…

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FTC Chair Lina Khan: Amazon lawsuit is about protecting free and fair competition

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email FTC Chair Lina Khan joins 'Squawk Box' to discuss the Federal Trade Commission's antitrust lawsuit against Amazon, accusing the company of illegally using market power to raise prices…

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Sol Trujillo: We have ‘essentially the 5th largest economy in the world’ among Latinos in the U.S.

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Sol Trujillo, Trujillo Group and The Latino Donor Collaborative chairman, joins 'Squawk Box' to discuss the organization's 2023 U.S. Latino GDP report, which charts the financial power and…

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Walter Isaacson: The UAW strike is about legacy automakers figuring out the transition to EVs

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Walter Isaacson, Elon Musk biographer and partner at Perella Weinberg, joins 'Squawk Box' to discuss the state of the UAW strike, the impact of the strike on the…

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Minneapolis Fed Pres. Neel Kashkari: We might not be as restrictive as we otherwise would think

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Minneapolis Fed President Neel Kashkari joins 'Squawk Box' to discuss the Fed's inflation fight, the central bank's future rate path, the impact on the economy, and more. 05:20…

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Rep. Kelly Armstrong: Every day we get closer to a shutdown our leverage goes away

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Rep. Kelly Armstrong (R-N.D.) joins 'Squawk Box' to discuss the latest negotiations on Capitol Hill, whether a government shutdown can be avoided, and more. 05:27 3 minutes ago

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There’s real concern about where jobs will be in the future as technology changes: WSJ’s Tim Higgins

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Tim Higgins, Wall Street Journal reporter, joins 'Squawk Box' to discuss the latest on the UAW strike negotiations after President Biden visited the picket line in Michigan on…

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Emerging markets are ‘big-time on sale’, says NFJ Investment’s John Mowrey

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email John Mowrey, NFJ Investment Group CIO and senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, interest rate outlook, best investment ideas for Q4, and…

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Links 9/27/2023

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To protect wild bumblebees, people have to find them first High Country News What Do Sharks Eat? Field and Stream How to Outperform How to Outperform Climate Giant Batteries Helped the U.S. Power Grid Eke Through Summer WSJ The Climate March:…

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Consulting Ethics: McKinsey Pays Additional $230 Million Opioid Settlement, Bringing Total to $870 Million

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McKinsey has agreed to a settlement, subject to court approval, which will enable the giant consulting firm to settle the liability resulting from its advice to Purdue Pharma and other opioid pushers. A high-level recap from the Financial Times: Thousands of…

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Brazil facts of the day

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In the mid-1980s manufacturing accounted for a third of Brazil’s gdp; now it represents just 10%. The country’s surplus in manufacturing trade, $6bn in 2005, became a deficit of $108bn by 2019. Productivity in manufacturing and services has stagnated or shrunk.…

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Wednesday: Durable Goods

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by Calculated Risk on 9/26/2023 07:37:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• 8:30 AM,…

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Boloori & Saghafian, “Health and Economic Impacts of Lockdown Policies in the Early Stage of COVID-19 in the United States”

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From the paper published in Service Science (2023), Alireza Boloori (University of Washington-Tacoma), and Soroush Saghafian (Harvard): Abstract: Lockdown policies, such as stay-at-home orders, are known to be effective in controlling the spread of the novel coronavirus disease 2019. However, concerns…

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Tuesday assorted links

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1. The Reversal Curse (LLMs). 2. Crows use statistical logic. 3. The AI skeptics are starting to go a little quiet. 4. The crisis in UK universities (WSJ). 5. The wisdom of Larry Summers, recommended.  YouTube here. 6. US capital is…

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New Home Sales decrease to 675,000 Annual Rate in August; Median New Home Price is Down 13% from the Peak

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by Calculated Risk on 9/26/2023 11:52:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales decrease to 675,000 Annual Rate in AugustBrief excerpt: The Census Bureau reports New Home Sales in August were at a seasonally adjusted annual…

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Jim Grant: Interest rates ought to be discovered in the market, rather than imposed or suppressed

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jim Grant, Grant’s Interest Rate Observer founder and editor, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, the impact on the economy, and…

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We’re in ‘less than the first year’ of a new bull market, says CFRA’s Sam Stovall

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Sam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, what to make of the current market correction, and more. 04:21 4…

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Barry Diller on Hollywood writers’ strike, streaming economy and media landscape

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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Barry Diller, IAC and Expedia chairman and senior executive, joins 'Squawk Box' to discuss the end of the Hollywood writers' strike, the media landscape at large, A.I. revolution…

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