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MI Exclusive

Meme stock GameStop surges 35% after it posted a surprise profit for the first time in 2 years

Wed, 03/22/2023 - 10:02

Tech Insider

gamestop line — Meme stock GameStop surges nearly 50% after it posted a surprise profit for the first time in two years.
Reuters

Markets, News, MI Exclusive, Game Stop, Stocks, share price, Meme stocks

US stocks slip ahead of Fed's decision on interest rates following bank crisis

Wed, 03/22/2023 - 09:40

Tech Insider

traders nyse — Traders work on the floor of the NYSE in New York.
Brendan McDermid/Reuters

Markets, MI Exclusive, Stocks, S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Federal Reserve

Jeremy Siegel says bitcoin's rush higher will fizzle out once people trust banks again

Wed, 03/22/2023 - 09:38

Tech Insider : Crypto

jeremy siegel — Jeremy Siegel.
Steve Marcus/Reuters

Markets, MI Exclusive, crypto, Bitcoin, Jeremy Siegel, Wharton professor Jeremy Siegel, crypto investing

Jeremy Siegel says the banking crisis has made him more optimistic about the US economy next year

Wed, 03/22/2023 - 09:16

Tech Insider

jeremy siegel point — Wharton professor Jeremy Siegel.
Getty Images

Markets, MI Exclusive, Stocks, Jeremy Siegel, Wharton professor Jeremy Siegel, Fed, fed decision

Cathie Wood's $2 billion loss shows the Fed burst the 'speculative bubble' in stocks, top JPMorgan strategist says

Wed, 03/22/2023 - 09:09

Tech Insider

Cathie Wood of Ark Invest — Cathie Wood revealed Tuesday that her flagship fund lost $2 billion last year.
Patrick T. Fallon/Getty Images

Markets, MI Exclusive, Stocks, Cathie Wood, ARK Invest, Stock Market Analysis, Stock Market Outlook

Warren Buffett's planned successor plows $25 million into Berkshire Hathaway after the investor prods him to buy more stock

Wed, 03/22/2023 - 08:52

Tech Insider

warren buffett — Warren Buffett.
AP Images

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Greg Abel, stock purchases

Top economist David Rosenberg said the Fed should put bigger rate hikes back on the table after bouts of 'speculative lunacy'

Wed, 03/22/2023 - 07:54

Tech Insider

David Rosenberg — The Federal Reserve should consider raising interest rates by 50 basis points at its upcoming meeting, top economist David Rosenberg said Tuesday.
Rosenberg Research & Associates

Markets, MI Exclusive, Stocks, David Rosenberg, Stock Market, Stock Market Analysis, Stock Market Outlook

SVB Financial accuses FDIC of 'improper actions' to block the firm from accessing $2 billion of its cash

Wed, 03/22/2023 - 07:09

Tech Insider

SVB — Police officers outside SVB's headquarters in Santa Clara, California on Friday.
Getty Images

Markets, MI Exclusive, SVB, Silicon Valley Bank, Silicon Valley Bank collapse, FDIC, SVB Financial Group

Cathie Wood says the Fed's rate hikes hit Ark's strategy like an 'earthquake' as the fund logs a $2 billion loss

Wed, 03/22/2023 - 06:58

Tech Insider

Cathie Wood — Cathie Wood.
Photo by Marco Bello/Getty Images

Markets, MI Exclusive, Cathie Wood, ARK, ARK Invest, Fed, Inflation

Nobel economist Paul Krugman sounds the recession alarm as banking fears mount - but shrugs off 'apocalyptic warnings' and fears of another financial crisis

Wed, 03/22/2023 - 06:54

Tech Insider

Paul Krugman Joe Scarborough debate — Paul Krugman.
AP

Markets, MI Exclusive, Stocks, Paul Krugman, New York Times, Nobel prize in economics, Banking Crisis

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