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MI Exclusive

Beer billionaire Jim Koch buys a random stock every 2 weeks - and trusts his former babysitter to execute his trades

Tue, 08/08/2023 - 09:05

Jim Koch — Jim Koch.
Nick Wass/AP Images for Dogfish Head and Samuel Adams

Markets, MI Exclusive, Stocks, Jim Koch, Boston Beer Company, Sam Adams, stock portfolio

Goldman Sachs wrestles with sanctions fallout as Moscow court freezes $36 million of the bank's assets

Tue, 08/08/2023 - 08:28

Putin — Russian president Vladimir Putin.
(Photo by ALEXANDER KAZAKOV/SPUTNIK/AFP via Getty Images)

Markets, MI Exclusive, Vladimir Putin, Russia, Russia Sanctions, Godlman Sachs, Gazprom

The S&P 500 will surf a tidal wave of government spending – but other parts of the US economy are in pain, Kevin O'Leary says

Tue, 08/08/2023 - 06:27

kevin oleary shark tank — Kevin O'Leary.
Mark Davis / Staff / Getty Images

Markets, MI Exclusive, Stocks, Stock Market Outlook, Kevin O'Leary, O'Leary Funds, Mr Wonderful

Short-seller Hindenburg has fueled a massive wealth wipeout for 3 of the world's richest men this year

Tue, 08/08/2023 - 06:14

Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023. — A mural of Indian businessman Gautam Adani in Mumbai.
Indranil Mukherjee/Getty Images

Markets, MI Exclusive, Stocks, hindenburg research, Gautam Adani, Jack Dorsey, Carl Icahn

Hedge funds are being forced to cover their bearish bets, as the stock market continues to defy doubters

Tue, 08/08/2023 - 05:52

Hedge Fund losses — Spencer Platt/Getty Images

Markets, MI Exclusive, Stocks, Hedge Funds

PayPal's latest crypto play is a stablecoin pegged to the US dollar

Tue, 08/08/2023 - 05:04

Tech Insider : Crypto

paypal — PayPal is launching its first stablecoin.
Thomas White/Reuters

Markets, MI Exclusive, paypal, paypall bitcoin, crypto, ftx, stablecoin

Wharton professor Jeremy Siegel warms up to the Fed after giving it a D grade in its inflation fight – and doesn't see the US slumping into recession this year

Tue, 08/08/2023 - 04:29

Tech Insider : Economy

jeremy siegel — Jeremy Siegel (R), professor of finance at the Wharton School, University of Pennsylvania, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada May, 9, 2012.
REUTERS/Steve Marcus

economy, MI Exclusive, Wharton professor Jeremy Siegel, Jeremy Siegel, Inflation, Fed, Fed Chairman Jerome Powell

The US government will add $5 billion to its debt pile every single day for the next ten years, says analyst

Tue, 08/08/2023 - 04:15

Andrew Jackson portrait on twenty dollar bill. — US Government debt is predicted to rise to $50 trillion by 2033.
Elizabeth Fernandez/Getty Images

Markets, MI Exclusive, Debt, Deficit

China's working population will shrink in the coming decades and keep the nation's economy from surpassing America's, research firm says

Mon, 08/07/2023 - 14:48

Tech Insider : Economy

A Chinese flag flying over Shanghai street — A Chinese flag flying over Shanghai.
Liu Liqun/Getty Images

economy, Markets, MI Exclusive, China, Beijing, Working, Demographics

De-dollarization will be a vicious cycle as hyperinflation leads to higher rates that will further erode the greenback's power, think tank says

Mon, 08/07/2023 - 14:16

FILE PHOTO: An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham — FILE PHOTO: An employee of a bank counts US dollar notes at a branch in Hanoi
Reuters

Markets, MI Exclusive, Dollar dominance, De-Dollarization, US Dollar, US dollar index, USD

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