Rent prices in the US are just shy of notching a new all-time high

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brooklyn apartment rent
Rents are so expensive that more landlords are offering free months in a bid to attract tenants.

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'iPhone spec updates are largely minor': Here's what Wall Street is saying about Apple's iPhone 15 event

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Tim Cook holding up the iphone 15

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The housing market is about to get a lot more expensive for millennials and Gen Z

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A young adult in their home.
A young adult in their home.

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US stocks rise as traders brush off hotter-than-expected August inflation report

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Stock trader worried

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Forget the dollar – China has its hands full propping up the yuan against 23 other currencies, report says

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A man walks past an advertisement promoting China's renminbi (RMB) or yuan ,US dollar and Euro exchange services at money exchange in Hong Kong.

Reuters/Tyrone Siu

Warren Buffett and Charlie Munger's epic success is down to 3 key things, Howard Marks says

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Warren Buffett (left) and Charlie Munger.

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Wharton professor Jeremy Siegel sees an 'upward tilt' for stocks during the rest of 2023 – and says there's no clear sign of a recession

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Wharton Professor Jeremy Siegel says the US economy is undergoing a credit crunch.

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A BRICS currency backed by gold 'makes no sense whatsoever,' says one market guru

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Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020.
Creating a BRICS currency backed by gold makes no sense, says David Woo.

Photo by David Gray/AFP

Warren Buffett's $123 billion fortune makes him richer than Larry Page - and he's closing in on Bill Gates and Larry Ellison

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Warren Buffett Dairy Queen ice cream
Warren Buffett.

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There's no bubble in AI stocks – we are in the early stages of a tech cycle that should see further outperformance, Goldman Sachs says

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  • The breakneck rally in AI stocks has prompted unflattering comparisons with the dot-com bubble of the late 1990s.
  • But Goldman Sachs argues there's no bubble in AI stocks, and suggests they have more room to run.
  • "We are still in the relatively early stages of a new technology cycle that is likely to lead to further outperformance," a strategist at the bank said.

A stunning surge in artificial intelligence-related tech stocks has been the top US stock-market story of the year, with the likes of Nvidia delivering triple-digit returns.

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