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US stocks mixed as traders mull impact of First Republic failure and brace for big Fed meeting

Mon, 05/01/2023 - 09:40

Tech Insider

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

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

'The market is getting impatient': Here's what investors are looking for at the Fed's upcoming policy meeting

Sun, 04/30/2023 - 11:18

Tech Insider : Economy

Federal Reserve Chair Jerome Powell — Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023.
Kevin Dietsch/Getty Images

Markets, MI Exclusive, Stocks, S&P 500, Jerome Powell, Federal Reserve, Interest Rates

Here's what Jerome Powell's critics and defenders have been saying as the Fed gets ready to possibly raise rates for the last time in the current cycle

Sun, 04/30/2023 - 08:30

Tech Insider

Jerome Powell — Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.
Joshua Roberts/Reuters

Markets, MI Exclusive, Jerome Powell, Fed, Inflation, Recession, recession 2023

Elon Musk has called out the Fed more than 20 times for hiking interest rates too much. Here's a roundup of his attacks on the central bank.

Fri, 04/28/2023 - 08:28

Tech Insider

Elon Musk — Elon Musk.
Brendan McDermid/Reuters

Markets, MI Exclusive, Stocks, Elon Musk, tesla, spacex, twitter

Brace for a recession by September, a 20% plunge in the S&P 500, and a painful credit crunch, top economist David Rosenberg says

Thu, 04/27/2023 - 11:06

Tech Insider

David Rosenberg — David Rosenberg.
CNBC

Markets, MI Exclusive, Stocks, Stock Market Outlook, US Markets and Economy, David Rosenberg, Rosenberg Research

The housing market downturn will send home prices 5% lower and help push the economy into a recession

Wed, 04/26/2023 - 12:23

Tech Insider

A single family home is shown for sale in Encinitas, California May 22, 2013.
REUTERS/Mike Blake — Single family home is shown for sale in Encinitas
Thomson Reuters

Markets, MI Exclusive, Housing Market, housing crash, housing rebound, economic outlook, Recession

'Rich Dad Poor Dad' author Robert Kiyosaki says cash is trash - and touts bitcoin as 'real money' after previously slamming it as speculative play

Mon, 04/24/2023 - 07:02

Tech Insider

Robert Kiyosaki — "Rich Dad Poor Dad" author Robert Kiyosaki.
Matt Carasella/Patrick McMullan/Getty Images

Markets, MI Exclusive, Robert Kiyosaki, Rich Dad Poor Dad, Cash, cash is trash, Ray Dalio

US house prices might slump 10% over the next 2 years as higher mortgage costs bite, Moody's economist says

Mon, 04/24/2023 - 06:30

Tech Insider

A realtor sign advertises that the price of a house has been reduced — US house prices are under pressure from higher mortgage rates and other factors.
David McNew/Getty Images

Markets, MI Exclusive, Stocks, Real Estate, Housing Market, Housing Bubble, housing crash

Elon Musk spoke about crystal balls, bank lending, self-driving cars and lithium refineries this week. Here are his 10 best quotes from Tesla's Q1 earnings call.

Sat, 04/22/2023 - 06:30

Tech Insider

Elon Musk — Elon Musk.
REUTERS/Mike Blake

Markets, MI Exclusive, Stocks, Elon Musk, tesla, twitter, spacex

Larry Summers says the Fed has inflation on the ropes, calls out crypto frauds, and bemoans the debt-ceiling fiasco. Here are the ex-Treasury chief's 12 best quotes from a new interview.

Fri, 04/21/2023 - 07:18

Tech Insider : Crypto

Larry Summers — Larry Summers.
NICHOLAS KAMM/AFP via Getty Images

Markets, MI Exclusive, Stocks, Larry Summers, US Treasury, US Markets and Economy, Inflation

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