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The 'Magnificent 7' tech stocks add $150 billion of market cap in a day, with Microsoft leading the charge as investors zero in on the OpenAI psychodrama

Tue, 11/21/2023 - 05:14

Microsoft CEO Satya Nadella — Microsoft CEO Satya Nadella.
Getty Images/Stephen Brashear

Markets, mi-exclusive, Markets, Stocks, magnificent-seven, apple, Microsoft

US stocks jump as bond yields slip and Microsoft shares surge

Mon, 11/20/2023 - 16:10

Microsoft — Microsoft stock added around $54 billion in market value on Monday.
TOBIAS SCHWARZ/AFP via Getty Images

Markets, mi-exclusive, stock-market-news-today, daily-market-wrap, Microsoft, sam-altman, open-ai

Renters are getting more perks as increased construction adds to housing market supply

Mon, 11/20/2023 - 15:45

Tech Insider : Economy

Construction workers build a residential high rise — Construction workers build a residential high rise.
Joe Raedle/Getty Images

Markets, mi-exclusive, residential-construction, housing-market, Rentals, concessions, rents

Argentina oil company YPF spikes 40% as investors cheer president-elect Milei's promises to revamp the economy

Mon, 11/20/2023 - 15:15

Javier Milei — Presidential candidate of the Liberty Advances coalition Javier Milei arrives to vote in the presidential runoff election in Buenos Aires, Argentina, Sunday, Nov. 19, 2023.
(AP Photo/Matias Delacroix)

Markets, mi-exclusive, Markets, stock-market, ypf, Oil, crude

Cocoa prices hover at 45-year highs as lagging harvests kick off 3rd season of shortages

Mon, 11/20/2023 - 13:18

Cocoa — Dursun Aydemir/Anadolu Agency via Getty Images

Markets, mi-exclusive, chocolates, Cocoa, commodity-prices, el-nino, commodity-market

CHART OF THE DAY: Recession fears appear to be cooling among US companies

Mon, 11/20/2023 - 12:29

Recession mentions on earnings calls, DataTrek Researc — S&P 500 companies citing "recession" on earnings calls.
DataTrek Research

Markets, mi-exclusive, Markets, chart-of-the-day, stock-market, Earnings, Recession

China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push

Mon, 11/20/2023 - 12:04

Tech Insider : Economy

Dollar vs. Yuan — AlexSava/Getty Images

Markets, mi-exclusive, dedollarization, currency-swap-lines, China, Yuan, saudi-arabia

Brace for constant volatility as high interest rates amplify the US debt problem, BlackRock says

Mon, 11/20/2023 - 11:53

traders NYSE — Scott Olson/Getty Images

Markets, mi-exclusive, market-volatility, stock-market-volatility, VIX, BlackRock, us-debt

Argentina's bonds jump after pro-dollarization candidate Javier Milei wins presidency

Mon, 11/20/2023 - 11:15

Tech Insider : Economy

Javier Milei — Presidential candidate of the Liberty Advances coalition Javier Milei arrives to vote in the presidential runoff election in Buenos Aires, Argentina, Sunday, Nov. 19, 2023.
(AP Photo/Matias Delacroix)

Markets, mi-exclusive, Argentina, Bonds, Dollar, Peso, dollar-dominance

Microsoft hits record high after hiring former OpenAI boss Sam Altman

Mon, 11/20/2023 - 10:53

Sam Altman — Former OpenAI CEO Sam Altman is joining Microsoft.
Justin Sullivan/Getty Images

Markets, mi-exclusive, Markets, Stocks, stock-market-analysis, stock-market-outlook, stock-market-strategy

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