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The US will be 'drowning in debt' over the next 30 years as interest costs rise

Fri, 08/04/2023 - 11:21

Tech Insider : Economy

us capitol government shutdown 2018 — The U.S. Capitol Dome is seen beyond American Flags around the the base of the Washington Monument in Washington, early Saturday, Dec. 22, 2018.
Associated Press/Carolyn Kaster

Markets, economy, US Economy and Markets, US Debt, Government Debt, Government Spending, Stocks

The sluggish housing market is weighing on Redfin's stock as home sales 'near rock bottom'

Fri, 08/04/2023 - 10:49

Tech Insider

A house with a for sale sign in the front. — The typical US homebuyer’s monthly mortgage payment soared to a record high in April, according to Redfin.
Tom Merton/Getty Images

Markets, MI Exclusive, Housing Market, Housing, Stock Market, Stocks, Redfin

Embattled activist investor Carl Icahn's firm plunges 30% after halving shareholders' payouts

Fri, 08/04/2023 - 10:15

Tech Insider

Carl Icahn — Carl Icahn.
CNBC/Getty Images Contributor

Markets, MI Exclusive, Stocks, Carl Icahn, Icahn Enterprises, hindenburg research, Stock Market Analysis

Jeff Bezos is $11 billion richer after Amazon's earnings smash expectations

Fri, 08/04/2023 - 09:43

Tech Insider

Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas, Nevada on June 6, 2019. — Jeff Bezos.
Mark Ralston/AFP/Getty Images

Markets, MI Exclusive, Stocks, amazon, Amazon stock, Jeff Bezos, Wealth

Apple sheds $70 billion in value after a fall in iPhone sales

Fri, 08/04/2023 - 09:43

Tech Insider

Apple said iPhone sales dipped in the second quarter.

Sean Gallup/Getty Images

Markets, MI Exclusive, Stocks, apple, Apple stock, Stock Market Analysis, Stock Market Outlook

'Big Short' investor Michael Burry rang the alarm on bloated inventories last year. Maersk's shipping slump suggests he was right to worry.

Fri, 08/04/2023 - 09:25

Tech Insider : Economy

Michael Burry Getty — Michael Burry.
Kevin Mazur/WireImage

economy, MI Exclusive, Stocks, Stock Market Outlook, Bullwhip Effect, Scion Asset Management, Maersk

Betting against cruise ship and hotel stocks backfired and cost hedge funds more than $6 billion, report says

Fri, 08/04/2023 - 06:45

Tech Insider

People looking at a cruise ship. — People looking at a cruise ship.
China News Service/Getty Images

Markets, MI Exclusive, Stocks, Cruise, nvidia, tesla, Microsoft

Warren Buffett's Berkshire Hathaway closes in on record high as its Apple stake and brighter outlook cheer investors

Fri, 08/04/2023 - 04:47

Tech Insider

warren buffett — Warren Buffett.
AP Images

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, stock price, apple

Robinhood stock is tumbling as earnings show monthly active users plunged by 1 million in the 2nd quarter

Thu, 08/03/2023 - 13:49

Tech Insider

Vlad Tenev — Vlad Tenev, co-founder and co-CEO of investing app Robinhood.
Noam Galai/Stringer/Getty Images

Markets, MI Exclusive, Vlad Tenev, Robinhood, Robinhood traders, Stock Market, Stocks

Uber reported its first quarterly profit ever this week. Here's a look at how it got there.

Thu, 08/03/2023 - 07:48

Tech Insider

Uber CEO Dara Khosrowshahi — Uber CEO Dara Khosrowshahi.
Philip Pacheco/AFP via Getty Images

Markets, MI Exclusive, Stocks, Uber, Ride Share, ride-hailing, Transportation

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