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US stocks fall as investors assess latest earnings and climbing bond yields

Wed, 04/19/2023 - 09:44

Tech Insider

Traders on the floor of the New York Stock Exchange (NYSE) — Traders on the floor of the New York Stock Exchange.
Spencer Platt/Getty Images

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

China and India 'launder' Russian oil and resell it to Western nations that sanctioned Moscow, study says

Wed, 04/19/2023 - 09:25

Tech Insider

putin russia — Russian President Vladimir Putin.
Sergei Karpukh/Reuters

Markets, MI Exclusive, Russia, Oil, Crude Oil, Ukraine War, Sanctions

Don't be fooled by the strong earnings season as a credit squeeze is set to hit companies' profits, Wharton professor Jeremy Siegel says

Wed, 04/19/2023 - 08:18

Tech Insider

Jeremy Siegel Wharton professor finance markets stocks — Jeremy Siegel said he's still invested in stocks because "there is no alternative."
CNBC/Getty Images

Markets, MI Exclusive, Jeremy Siegel, Wharton professor Jeremy Siegel, Earnings, Earnings season, Q1 Earnings

Here's how Apple could benefit from Samsung's threat to ditch Google on its phones in favor of Microsoft's Bing

Wed, 04/19/2023 - 08:11

Tech Insider

Google search — Andrew Matthews/PA Images via Getty Images

Markets, MI Exclusive, apple, alphabet, samsung, Google Search, Microsoft

China wants the dollar's dominance to fade - and the US should defend its reserve currency status, Biden nominee says

Wed, 04/19/2023 - 07:48

Tech Insider

Dollar vs. Yuan — The US should defend the dollar's reserve status by raising the debt ceiling, according to Biden nominee Jared Bernstein.
ByoungJoo/Getty Images

Markets, MI Exclusive, Currencies, Dollar, Dollar dominance, China, Reserve currency

The banking fiasco sent shockwaves through markets - and now threatens to curb growth and lending, Goldman CEO David Solomon says

Wed, 04/19/2023 - 07:43

Tech Insider

David Solomon — David Solomon.
REUTERS/Danny Moloshok

Markets, MI Exclusive, Stocks, Goldman Sachs, David Solomon, Banking Crisis, Bank failures

Wall Street turns even more bullish on China's economy as the end of zero COVID boosts growth

Wed, 04/19/2023 - 06:58

Tech Insider : Economy

China economy — Wall Street's top banks expect China's economy to bounce back this year, helped by the end of Beijing's harsh zero-COVID lockdowns.
REUTERS/Kim Kyung-Hoon

Markets, MI Exclusive, economy, China, Growth, GDP growth, Wall Street

The anti-dollar drive spearheaded by Asia has spread to Europe, with France growing sour on the greenback's dominance. Here are 6 rising threats to the buck's supremacy of global trade.

Wed, 04/19/2023 - 06:00

Tech Insider

Dollar notes — 100 dollar bills seen displayed.
(Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)

Markets, MI Exclusive, Dollar dominance, King Dollar, Federal Resere, Inflation, Interest Rates

The Fed must end rate hikes quickly to avoid a recession as inflation is cooling and the banking system remains fragile, Moody's Analytics chief economist says

Wed, 04/19/2023 - 05:45

Tech Insider

Mark Zandi — Mark Zandi, chief economist at Moody's Analytics.
REUTERS/Brendan McDermid

Markets, MI Exclusive, Mark Zandi, Moody's, Moody's Analytics, Labor Market, US jobs

Warren Buffett dumped several banks after spotting red flags in their financials. Here's what spooked him, and which stocks he sold.

Wed, 04/19/2023 - 05:45

Tech Insider

warren buffett newspaper — Warren Buffett.
REUTERS/Rick Wilking

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Bank stocks, Banking Crisis

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