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Pound jumps as traders lock in an interest-rate hike after UK inflation's surprise rebound

Wed, 03/22/2023 - 06:47

Tech Insider

FILE PHOTO: British five pound banknotes are seen in this picture illustration taken November 14, 2017. REUTERS/Benoit Tessier/Illustration/File Photo — The British pound jumped Wednesday after a surprise flare-up in UK inflation.
Reuters

Markets, MI Exclusive, Currencies, British pound, Inflation, Bank of England, Bank of England interest rates

UBS's takeover of Credit Suisse has investors divided over the Fed's next move. Here's what the $3 billion deal could mean for US interest rates.

Wed, 03/22/2023 - 06:39

Tech Insider

credit suisse — The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich.
Fabrice Coffrini/AFP/Getty Images)

Markets, MI Exclusive, Stocks, Credit Suisse, Credit Suisse stock, ubs, Mohamed El-Erian

The world's top metals trader is stuck in another nickel-shipment snafu after getting bags of stones from a Dutch warehouse

Tue, 03/21/2023 - 16:54

Tech Insider

A rear view of a cargo ship stacked with containers alongside a wharf at Port of Antwerp-Bruges in Antwerp, Belgium, Oct. 27, 2022 — A cargo ship berths at a container dock of the Port of Antwerp-Bruges in Antwerp, Belgium, Oct. 27, 2022
Zheng Huansong/Xinhua via Getty Images

Markets, MI Exclusive, Trafigura, Nickel, metals, LME, JPMorgan

Expectations for the Fed's next rate hike this month have posted the biggest swings since the start of the pandemic

Tue, 03/21/2023 - 16:39

Tech Insider

Silicon Valley Bank, Fed Chair Jerome Powell — Silicon Valley Bank, Fed Chair Jerome Powell
John Brecher for The Washington Post via Getty Image, Anna Moneymaker/Getty Images

Markets, MI Exclusive, Federal Reserve, SVB, Interest Rates, Fed Funds Rate, Bespoke

Nouriel Roubini and Jeremy Grantham sound the alarm for stocks in a new documentary. Here are the bearish market pros' best quotes.

Tue, 03/21/2023 - 16:06

Tech Insider

Jeremy Grantham & Nouriel Roubini — Matthew Lloyd/Getty Images and REUTERS/Fred Prouser

Markets, MI Exclusive, Stock Market, Stock Market Outlook, Jeremy Grantham, Nouriel Roubini, finance

US stocks jump as investors prepare for interest rate decision from the Fed

Tue, 03/21/2023 - 16:05

Tech Insider

nyse svb first republic trading floor — Timothy A. Clary/AFP via Getty Images

Markets, MI Exclusive, Stock market news today, First Republic, FRC, Bank stocks, us banking crisis

Meta stock could surge 25% as TikTok rival Reels and engagement show improvement, Morgan Stanley says

Tue, 03/21/2023 - 14:35

Tech Insider

A sign in posted in front of Meta headquarters on February 02, 2022 in Menlo Park, California. — A sign in posted in front of Meta headquarters on February 02, 2022 in Menlo Park, California.
Justin Sullivan/Getty Images

Markets, MI Exclusive, meta, Morgan Stanley, stock outlook, facebook, Tik Tok

Billionaire investor Nelson Peltz says money flying out of banks is dangerous. Here's his idea for the Fed that he says will stop more bank runs

Tue, 03/21/2023 - 14:03

Tech Insider

Nelson Peltz — Trian Fund founding partner Nelson Peltz.
David A. Grogan/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

Markets, MI Exclusive, Banking Crisis, Nelson Peltz, Silicon Valley Bank, SVB, Federal Reserve

Home prices in February posted their first annual decline in a decade

Tue, 03/21/2023 - 13:33

Tech Insider

Home prices — (Photo by Joe Raedle/Getty Images)

Markets, MI Exclusive, us housing market, us home prices, mortgage rates, 30-year fixed mortgage rate, fed interest rates

Warren Buffett's company is set to bag almost $4 billion in interest income this year thanks to surging rates

Tue, 03/21/2023 - 13:02

Tech Insider

Berkshire Hathaway CEO Warren Buffett Dairy Queen Ice Cream — Warren Buffett.
REUTERS/Rick Wilking

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Treasuries, Fixed Income

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