Markets may be in for an 'enormous shock' as the Fed could have to kick up interest rates to a 40-year high to fight inflation, strategist says

Tech Insider : Economy
A woman shopping in a grocery store

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Lumber falls 24% in 9-day losing streak, but analysts see a bottom forming for the key building commodity

Tech Insider
lumber store
A man loads pieces of two-by-four wood onto his cart in the lumber section at a home improvement store on August 16, 2022 in Alhambra, California.

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Roblox shares soar 27% as gains in users and virtual currency purchases lift quarterly results

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Roblox

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FTX is trying to get back $400 million sitting in a JPMorgan account that Sam Bankman-Fried had previously invested in an obscure hedge fund: report

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FTX

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Investors should buy the dips in the stock market as the S&P 500 looks resilient in the face of higher interest rates, strategist says

Tech Insider : Economy
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Traders work on the main trading floor of the New York Stock Exchange.

Brendan McDermid/Reuters

ChatGPT parent OpenAI could help Microsoft target Google's cloud business, Ark Invest says

Tech Insider
Satya Nadella, CEO of Microsoft.
Satya Nadella, CEO of Microsoft.

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Inflation hits a staggering 99% in Argentina even after spiraling food prices sparked street protests

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Argentina inflation protests
Year-on-year inflation has jumped to 99% in Argentina, sparking widespread street protests.

Reuters

Steve Cohen's Point72 fund built a $108 million Tesla stake last quarter - and made a surprise bet on GameStop

Tech Insider
steve cohen
Steve Cohen.

Steve Marcus/Reuters

China is beating the US in the trade war as the yuan makes international gains, Bridgewater's Ray Dalio says

Tech Insider
ray dalio
Ray Dalio.

Kevin Sikorski for the MarketWatch Best New Ideas in Money Festival.

Some money managers and family offices for the ultra rich like Mark Zuckerberg dumped tech stocks just before the sector's big rally that kicked off 2023

Tech Insider
US stocks were mixed at the open Friday as the tech stock rout continued.

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