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Investors are 'sleepwalking' into market turmoil and a recession early next year, top economist Steve Hanke warns

Wed, 08/09/2023 - 11:16

Tech Insider : Economy

Steve Hanke Johns Hopkins finance class — Steve Hanke.
Portia Crowe/Business Insider

Markets, MI Exclusive, Stocks, Stock Market Outlook, US Economy and Markets, Inflation, Recession

Tech stocks are off to their worst start to a month since December with the Nasdaq down 3% already

Wed, 08/09/2023 - 10:53

Traders — (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

Markets, MI Exclusive, Stocks, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Investing Analysis

US stocks slip as investors struggle to recover from sell-off ahead of key inflation report

Wed, 08/09/2023 - 09:44

trader nyse pray — Getty Images / Bryan R. Smith

Markets, MI Exclusive, daily market wrap, Stock market news today, Inflation, CPI, fed interest rates

PENN Entertainment stock jumps 20% after striking $2 billion sports-betting deal with ESPN

Wed, 08/09/2023 - 09:35

ESPN — In this photo illustration the ESPN logo seen displayed on a smartphone.
Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images

Markets, MI Exclusive, ESPN, espn bet, PENN, PENN stock price, penn entertainment

The economy is stronger than people thought and there's no recession in 2023, says Invesco's Brian Levitt

Wed, 08/09/2023 - 09:13

Tech Insider : Economy

Brian Levitt — Invesco strategist Brian Levitt.
OppenheimerFunds

economy, MI Exclusive, Stocks, FOMO, Recession

WeWork just warned it might fail, signaling commercial real estate is in serious trouble

Wed, 08/09/2023 - 07:41

Tech Insider : Economy

WeWork — WeWork's "substantial doubt" about its viability is bad news for commercial real estate.
Brendan McDermid/Reuters

Markets, MI Exclusive, Stocks, Real Estate, Commercial Real Estate, WeWork, Adam Neumann

Tesla's 'Master of Coin' bids the EV-maker farewell after racking up a $590 million fortune

Wed, 08/09/2023 - 07:17

Tesla's CFO is leaving. — Tesla's CFO is leaving.
YouTube

Markets, MI Exclusive, tesla, Tesla CEO, Elon Musk, Elon Musk billionaire, Tesla Shares

An oversupply-led plunge in pork price has pushed the Chinese economy into deflation

Wed, 08/09/2023 - 07:13

Pork — Hogs are raised at Old Elm Farms, a fifth generation family farm, on May 5, 2020 near Sycamore, Illinois.
(Photo by Scott Olson/Getty Images

Markets, MI Exclusive, China, Deflation

Warren Buffett's Berkshire Hathaway will profit whether interest rates stay high or recession strikes, veteran investor Steven Check says

Wed, 08/09/2023 - 05:58

FILE PHOTO: Berkshire Hathaway chairman and CEO Warren Buffett enjoys an ice cream treat from Dairy Queen before the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S. May 6, 2017. REUTERS/Rick Wilking/File Photo — Warren Buffett.
Reuters

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, US Markets and Economy, Recession

Warren Buffett's Berkshire Hathaway will profit whether interest rates stay high or recession strikes, veteran investor Steven Check says

Wed, 08/09/2023 - 05:58

FILE PHOTO: Berkshire Hathaway chairman and CEO Warren Buffett enjoys an ice cream treat from Dairy Queen before the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S. May 6, 2017. REUTERS/Rick Wilking/File Photo — Warren Buffett.
Reuters

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, US Markets and Economy, Recession

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