Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” — Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime … Read more

Turn its debt into a new cryptocurrency

Since bankrupt crypto lender Celsius froze withdrawals in June, customers’ funds have been in limbo. Now, leaked audio shared with CNBC reveals a preliminary plan to compensate them. The company wants to issue an “IOU” cryptocurrency  to customers that signed up for some of its accounts.  The recording was provided by Tiffany Fong, who says … Read more

Donald Trump lashes out after NY AG Letitia James files fraud lawsuit

Former U.S. President Donald Trump speaks about transgender athletes during the America First Agenda Summit, at the Marriott Marquis hotel July 26, 2022 in Washington, DC. Drew Angerer | Getty Images Former President Donald Trump assailed New York Attorney General Letitia James as “racist” and “grossly incompetent” in an indignant social media post Thursday, one … Read more

GTA IV game footage leaks, Take-Two shares slide

Strauss Zelnick, CEO, Take-Two Scott Mlyn | CNBC Take-Two Interactive shares fell more than 2% early Monday after the company suffered a network intrusion where a third party illegally accessed footage of the new Grand Theft Auto videogame. A user called “teapotuberhacker,” who is also claiming responsibility for the recent hack at the rideshare company … Read more