jittawit.21 The Federal Reserve is more likely heading toward a rate hike than a cut, marking a significant shift in monetary policy expectations, according to Jeremy Siegel, Wharton School professor of finance and WisdomTree chief economist. In an interview with CNBC, Siegel said he doesn’t see a favorable short-term outlook for rate easing. He pointed to several economic indicators driving his a...
jittawit.21 The Federal Reserve is more likely heading toward a rate hike than a cut, marking a significant shift in monetary policy expectations, according to Jeremy Siegel, Wharton School professor of finance and WisdomTree chief economist. In an interview with CNBC, Siegel said he doesn’t see a favorable short-term outlook for rate easing. He pointed to several economic indicators driving his analysis, including an expanding money supply and rising commodity prices. “I’m looking at the money supply, and I see it expanding, and I’m looking at commodity prices, and I see that expanding fiscal policy, defense spending,” he explained. These factors, combined with oil prices ( CL1:COM ), ( CO1:COM ) remaining in the upper $90s, create conditions that make it difficult for the Fed to ease monetary policy. The inflationary pressures extend throughout the economy, with Siegel citing Delta Air Lines ( DAL ) as an example of how rising fuel costs ripple through corporate America. He noted that Delta ( DAL ) is budgeting $2B more in fuel expenses, costs that will likely be passed on to consumers through higher fares. “Facing much more inflationary pressures than he did before,” Siegel said of incoming Fed leadership, describing a “much more difficult position than it looked like three months ago.” Regarding the leadership transition at the Federal Reserve, Siegel predicted that Jerome Powell will take no action at what he believes will be Powell’s final meeting as chair. “I think the Fed will do nothing at his last meeting,” Siegel said, suggesting Powell will pass the decision to his successor rather than make a significant policy move on his way out. For investors, Siegel anticipates a “sideways market” lasting two to three months until geopolitical and economic uncertainties resolve. However, he cautioned that bonds face greater risk than equities in this environment. “I’m more worried about the bond rate going up than I’m worried about the stock market going down,” he s...
Boarding1Now/iStock Editorial via Getty Images Amid the turmoil of the past few weeks, Southwest Airlines Co. ( LUV ) went from around $55 a share to recently, after a one-day relief rally. At the recent bottom, LUV shares were trading 34% lower as oil prices ( CL1:COM ) sparked a selloff across the board, and investors/traders jumped in on the action for a quick bearish or bullish play, depending...
Boarding1Now/iStock Editorial via Getty Images Amid the turmoil of the past few weeks, Southwest Airlines Co. ( LUV ) went from around $55 a share to recently, after a one-day relief rally. At the recent bottom, LUV shares were trading 34% lower as oil prices ( CL1:COM ) sparked a selloff across the board, and investors/traders jumped in on the action for a quick bearish or bullish play, depending on what names you were playing. The backtracking of the Trump administration It seems that the pointing of fingers always happens after the Trump administration initiates something, and then the objective of the escalation shifts. First, the preemptive attack on Iran by Washington and Tel Aviv was framed as self-defense against an Iranian threat, which was not allowed to mature, especially around nuclear and ballistic missile programs. So, the U.S. and Israel went ahead and targeted missile production facilities and other military aspects. This is when the oil prices began to spike. Then, once Iran took a hit, it responded by closing down the Strait of Hormuz, which is a vital narrow sea passage between Iran and Oman, connecting the Persian Gulf to the Gulf of Oman and the Arabian Sea. It is one of the world’s most important chokepoints because a lot of shipments of oil and LNG pass through it. Following the closure, unsurprisingly, oil prices surged well past $90 a barrel. Now, the Trump administration has essentially switched its previous objective of why they attacked in the first place to blaming Iran for closing down the Strait. The disruption was blamed on Iran, calling the closures completely unacceptable. The trigger and the justification in this case got mixed up. The U.S. caused the escalation, and then Iran’s response was the headline reason to continue. All the while, oil prices spike well above $100 a barrel. Just a few days ago, Trump was threatening to wipe out entire civilizations if Iran didn’t open the Strait by 8 pm on a Tuesday. At this point, the price...
HONG KONG, April 09, 2026--The Asian University Basketball League (AUBL), Asia’s premier pan-regional intercollegiate basketball league, today announced the closing of its Series A funding round. The round was led by Blue Pool Capital, the family office of Alibaba co-founder and Brooklyn Nets owner Joe Tsai, building on his seed-round investment last May.
HONG KONG, April 09, 2026--The Asian University Basketball League (AUBL), Asia’s premier pan-regional intercollegiate basketball league, today announced the closing of its Series A funding round. The round was led by Blue Pool Capital, the family office of Alibaba co-founder and Brooklyn Nets owner Joe Tsai, building on his seed-round investment last May.
Meta has become one of the largest spenders on AI infrastructure. The company budgeted between $115 billion and $135 billion in capital expenditures for 2026
Meta has become one of the largest spenders on AI infrastructure. The company budgeted between $115 billion and $135 billion in capital expenditures for 2026