Elon Musk's fortune plunged by $16 billion in a single day - but he could lose a lot more and still be the richest person in the world

Tech Insider
Tesla CEO Elon Musk and the Tesla factory in Fremont, California
Tesla CEO Elon Musk and the Tesla factory in Fremont, California.

Nathan Howard and Justin Sullivan via Getty Images

US stocks fall as the 10-year US Treasury yield approaches 5% and Powell says inflation 'still too high'

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Federal Reserve Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC.

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Jerome Powell says Fed will let bond market volatility 'play out' amid historic Treasury collapse

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Fed Chair Jerome Powell

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CHART OF THE DAY: Industrial output shows high interest rates aren't hurting the economy yet

Tech Insider : Economy, Economy
Rates and economy

Ned Davis Research

The market's largest bond ETF hits 16-year low amid a breathless Treasury sell-off

Tech Insider : Economy
New York Stock Exchange traders in October 2023, watching indexes on monitors.
The bond market sell-off is sending Treasury ETFs for a nosedive.

ANGELA WEISS / Getty Contributor

From a likely recession to a weakening shekel, here's how the conflict with Hamas is impacting Israel's economy and markets

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Israeli troops patrol in an undisclosed location along the border with the Gaza Strip on October 19, 2023
Israel's conflict with Hamas is set to have a slate of financial and economic ramifications.

JACK GUEZ / Getty Contributor

Venezuelan sovereign bonds soar 90% as US allows the return of American investors

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nicolas maduro
Venezuela's President Nicolas Maduro.

Reuters

Home sales have plummeted to their lowest in 13 years as 8% mortgage rates batter the housing market

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Mortgage home sales
Sky-high mortgage rates keep battering the US housing market, with the 30-year fixed mortgage clocking in at 8% this week.

Lucas Jackson/Reuters

'Valuation looks increasingly unsustainable': Here's how Wall Street is reacting to Tesla's third-quarter earnings miss

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Tesla CEO Elon Musk gestures toward a Cybertruck
Lots of question marks remain about Elon Musk's polarizing Cybertruck.

Photo by Frederic J. BROWN / AFP via Getty Images

High bond yields and a strong dollar could be here for longer, as policy conditions mirror the 1980s, Bank of America says

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Treasury check and dollars

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