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US stocks sink further with S&P 500 on course for worst week since December

Fri, 02/10/2023 - 09:40

Tech Insider

US stocks edged lower on Tuesday as more Wall Street banks reported mixed earnings — Getty Images

Markets, MI Exclusive, Stocks, News, Investing, Trading, Oil

American drivers are guzzling less gas as they work from home, in a potential shift for global oil: 'The heyday of gasoline is over'

Wed, 02/08/2023 - 11:37

Tech Insider

A woman holds a pump to the gas tank of a black car. — Americans are consuming less gas than before the pandemic.
Getty Images

Markets, MI Exclusive, Oil, Gas, US Markets, EIA, Gasoline

Oil and copper prices are weakening despite China's reopening. It's a sign a global recession is coming but liquidity issues may also be at play, economists warn.

Wed, 02/08/2023 - 11:28

Tech Insider

Markets, MI Exclusive, Oil, Copper, Commodities, oil prices, Fed

Top Indian refiners are using the UAE's currency instead of the US dollar to buy Russian crude, report says

Wed, 02/08/2023 - 11:14

Tech Insider

Markets, MI Exclusive, Stocks, News, Investing, Oil, crude

ChatGPT has investors scrambling to get on the AI bandwagon so much that obscure stocks are soaring just like big-name chip companies

Wed, 02/08/2023 - 06:30

Tech Insider

Good morning, Opening Bell crew. Senior reporter Phil Rosen here.

Yesterday, Fed Chair Jerome Powell gave a speech at the Economic Club of Washington, saying the stronger-than-expected labor market is going to make the inflation fight difficult.

"It kind of shows you why we think this will be a process that takes a significant period of time," Powell said, adding that the path forward is "probably going to be bumpy."