US stocks drop after wholesale inflation comes in hotter than expected

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trader nyse screens
: Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City.

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Russian oil smashes through the G7 price cap as crude exports in July hit the highest level of 2023

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Oil terminal ship in Russia

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Phil Mickelson considered betting on Team USA to win the Ryder Cup – and lost $100 million gambling, book says

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WHITE SULPHUR SPRINGS, WV - AUGUST 05: Phil Mickelson of the United States looks on at the 5th hole on day two of the LIV Golf Greenbrier at The Old White Course on August 05, 2023 at White Sulphur Springs, West Virginia. (Photo by Joe Robbins/Icon Sportswire via Getty Images)
Golf star Phil Mickelson lost $100 million betting, according to a new book.

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Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth

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Apple CEO Tim Cook attends Apple's
Apple CEO Tim Cook.

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Country Garden, one of China's real-estate behemoths, could look at restructuring its debt after missing key interest payments this week: JPMorgan

Tech Insider : Economy
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai
Chinese developer Country Garden missed bond coupon payments on Monday, igniting concerns about its liquidity.

Aly Song/Reuters

Top economist David Rosenberg says Bill Ackman's bet against Treasurys could end as badly as his Herbalife wager

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Bill Ackman
Bill Ackman.

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Saudi Arabia is about to send more oil to China, even though it's slashed crude supply levels

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Saudi oil production
Saudi Arabia is set to send more oil to China next month, according to Bloomberg.

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The US economy seems to be getting a boost from Hollywood - but Hollywood is missing out

Tech Insider : Economy
Hollywood sign
The Hollywood Sign.

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The Fed is done hiking rates – and could even cut early next year, Fundstrat's Tom Lee and Mohamed El-Erian say

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Mohamed el-erian
Top economist Mohamed El-Erian.

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US stocks whipsaw but close higher as Wall Street mulls Fed outlook after July CPI

Tech Insider : Economy
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