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MI Exclusive

Bitcoin plunges more than 10% after Elon Musk's SpaceX reportedly sold the cryptocurrency

Fri, 08/18/2023 - 11:14

Tech Insider : Crypto

Elon Musk during a SpaceX news conference — AP

Markets, MI Exclusive, crypto, cryptocurrency, Bitcoin, finance, spacex

Texas electricity prices soar 6,000% as a fresh heat wave is expected to shatter records

Fri, 08/18/2023 - 11:08

Tech Insider : Economy

Heat Wave — AP Photo/Matt York

Markets, MI Exclusive, economy, Electricity prices, electric reliability council of texas, Electrical grid, Heat Waves

The $1 trillion of high yield debt that's piled up in the last 5 years is about to have a 'day of reckoning,' Bank of America says

Fri, 08/18/2023 - 11:05

Trader scared — DON EMMERT/AFP/Getty Images

Markets, MI Exclusive, Debt, US Debt, Debt Crisis, debt default, Corporate Debt

Stocks are approaching a perfect buy-the-dip opportunity as the S&P 500 faces August rout, Fundstrat says

Fri, 08/18/2023 - 09:58

trader surprised shocked — Reuters / Lucas Jackson

Markets, MI Exclusive, Stock Market Outlook, stock selloff, buy the dip, S&P 500 prediction, stock investing

America's favorite weight loss drugs are impacting Denmark's currency and interest rates

Fri, 08/18/2023 - 09:34

Tech Insider : Economy

Copenhagen, Denmark — Scott E Barbour/Getty Images

Markets, MI Exclusive, wegovy, Ozempic, Denmark, Novo Nordisk, Interest Rates

US stocks fall as Dow heads for worst week since March amid China fears, rising bond yields

Fri, 08/18/2023 - 09:34

An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City. — An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City.
Drew Angerer/Getty Images

Markets, MI Exclusive, Stock market news today, Bonds, Treasurys, Bitcoin, Federal Reserve

Michael Burry is a 'one-trick pony' - and the 'Big Short' investor's massive bet against the stock market is a sure loser, says veteran analyst

Fri, 08/18/2023 - 08:38

Michael Burry Big Short — Christian Bale played Michael Burry in "The Big Short."
Paramount

Markets, MI Exclusive, Stocks, US Markets and Economy, Michael Burry, The Big Short, Scion Asset Management

VinFast loses almost half its value as shares hit the skids after spectacular $85 billion market debut

Fri, 08/18/2023 - 06:43

VinFast VF e35 SUV. — The VinFast VF e35 SUV.
VinFast

Markets, Transportation, MI Exclusive, EV, Carmaker, Wealth, vinfast

Warren Buffett missed a trick by not investing in Tesla at a rock-bottom valuation, Elon Musk says

Fri, 08/18/2023 - 06:12

Warren Buffett — Warren Buffett's company has a stake in Chinese EV maker BYD.
CNBC

Markets, Tech Insider, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Elon Musk

China fuels US bond rout by slashing holdings to 14-year low as Washington-Beijing tensions drag on

Fri, 08/18/2023 - 05:27

The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023. — The US Department of the Treasury building.
Celal Gunes / Anadolu Agency

Markets, MI Exclusive, US Treasuries, US Markets and Economy, China, US china tensions, US-China rivalry

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