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MI Exclusive

The 'unique' housing market zig zags again as existing-home sales decline amid volatile mortgage rates

Thu, 04/20/2023 - 13:09

Tech Insider

home for sale — Joe Raedle/Getty Images

Markets, MI Exclusive, Housing Market, Home sales, Existing Home Sales, House Prices, Sentiment

The market is wrong to expect Fed rate cuts anytime soon as inflation will persist, Blackstone president says

Thu, 04/20/2023 - 11:57

Tech Insider

Blackstone President and Chief Operating Officer Jonathan Gray — Blackstone President Jonathan Gray
Drew Angerer/Staff/Getty Images

Markets, MI Exclusive, Blackstone, Federal Reserve, Interest Rates, Monetary Policy, Central Bank

Wall Street's top 4 banks wrote off $3.4 billion in bad loans from borrowers who couldn't keep up in the first 3 months of 2023

Thu, 04/20/2023 - 11:52

Tech Insider

Man types into a calculator at a bank — Bank officer calculates loans
Seksan Mongkhonkhamsao/Getty Images

Markets, MI Exclusive, JPMorgan, Citigroup, Bank of America, Wells Fargo, Loans

Up to 40% of the US economy is set to be squeezed by tighter financial conditions as credit crunch worsens, strategist says

Thu, 04/20/2023 - 11:40

Tech Insider

Th

sad NYSE trader — REUTERS/Brendan McDermid

Markets, MI Exclusive, Credit Crunch, bank crisis, US Economy and Markets, Recession, Interest Rates

Investors see a US recession ahead, sticky inflation, and more rate hikes from the Fed, JPMorgan says

Thu, 04/20/2023 - 11:08

Tech Insider : Economy

Federal Reserve Chair Powell Speaks At The Brookings Institution — Federal Reserve Chairman Jerome Powell.
Drew Angerer/Getty Images

Markets, MI Exclusive, Jerome Powell, Rate Hikes, Interest Rates, Fed, Federal Reserve

Ray Dalio says the financial system will need 'big restructurings' soon as debt burdens become unsustainable

Thu, 04/20/2023 - 10:52

Tech Insider

Bridgewater founder Ray Dalio gestures in front of a gray background. — Ray Dalio.
Brendan McDermid/File Photo/Reuters

Markets, MI Exclusive, Ray Dalio, economic outlook, Market Outlook, economic cycle, Recession

Tesla stock slides 8% as Elon Musk's price cuts eat into quarterly profits

Thu, 04/20/2023 - 10:05

Tech Insider

Reuters tesla plant.JPG — Tesla shares fell in Thursday's premarket with Elon Musk's price cuts eating away at the EV maker's profit margins.
Aly Song/Reuters

Markets, MI Exclusive, Stocks, tesla, tesla stock, Elon Musk, Price War

Investors want to reduce risk in China more than anywhere else as it's in a 'no landing zone' with the US, JPMorgan says

Thu, 04/20/2023 - 10:02

Tech Insider : Politics

Cutout of Joe Biden and Xi Jingping facing each other with a ripped split down the middle. — Lintao Zhang/Getty; Anna Moneymaker/Getty; Katsumi Murouchi/Getty; Anna Kim/Insider

Markets, MI Exclusive, China, Investors, Risk assets, Beijing, Washington

Warren Buffett's former deputy slams crypto and meme stocks, heralds AI's 'iPhone moment,' and flags big risks to commercial real estate. Here are the 6 best quotes from her annual letter.

Thu, 04/20/2023 - 09:53

Tech Insider : Crypto

Tracy Britt Cool, Berkshire Hathaway — Tracy Britt Cool.
Paul Morigi/Getty Images

Markets, MI Exclusive, Stocks, Tracy Britt Cool, Kanbrick, Warren Buffett, Berkshire Hathaway

US stocks fall after jump in jobless claims and weak corporate earnings results

Thu, 04/20/2023 - 09:43

Tech Insider

Stock Trader — Photo by TIMOTHY A. CLARY/AFP via Getty Images)

Markets, MI Exclusive, Stock market news today, stock market news, Stock Market, Markets Wrap, Dow Jones Industrial Average

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