Charlie Munger trashed crypto, warned AI hype seems overblown, and talked poker and donuts at a private event. Here's an inside look at his Zoomtopia keynote.

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Charlie Munger
Charlie Munger.

CNBC

Birkenstock will be valued at just under $9 billion as the sandal maker gets ready to make its stock-market debut via an IPO

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A Birkenstock shoe in
A Birkenstock shoe in "Barbie."

Warner Bros.

Israel ordered Chevron to shut down a major natural gas field, which could send prices spiking further just before winter

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The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel.
The Tamar natural gas production platform.

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US stocks jump as bond yields tumble after Fed officials hint rate hikes may be over

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nyse trader fed reserve

REUTERS/Brendan McDermid

US credit downgrade means junk sovereign bonds now outweigh AAA debt for the first time, Fitch says

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US Capitol building
Caution tape blows in the wind on the east front plaza of the U.S. Capitol Building on September 27, 2023 in Washington, DC. House Speaker Kevin McCarthy (R-CA) continues to have difficulty finding a legislative path that would prevent the federal government from partially shutting down at midnight on September 30 and would also not jeopardize his speakership.

Anna Moneymaker/Getty Images

A key corner of Wall Street is making its most bearish bet against stocks ever

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NYSE trader worried

Lucas Jackson/Reuters

Stocks are bottoming and the market is approaching the perfect buying opportunity for investors, Fundstrat says

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nyse trader
The S&P 500 will likely drop to 4,200, Fundstrat's Mark Newton predicted.

Spencer Platt/Getty Images

Home prices have soared so much that 98 out of 100 biggest US cities are overvalued relative to historical levels

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A row of homes under construction

Thomas Bullock/Getty Images

Argentine peso hits record low as Milei says 'it can't be worth excrement' while businesses oppose dollarization

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Argentina peso/dollar

Nora Mazzini

The housing market will drag the economy into a hard landing unless the Fed takes these 'simple steps,' trade groups warn

Tech Insider : Economy, Economy
US Federal Reserve Chair Jerome Powell
US Federal Reserve Chair Jerome Powell attends a press conference in Washington, DC, on March 22, 2023.

Liu Jie/Xinhua via Getty Images

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