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MI Exclusive

Nvidia stock is still a 'top pick' at Bank of America even after its stunning AI-driven 209% rally

Mon, 08/07/2023 - 13:17

Nvidia CEO Jensen Huang — Rick Wilking/Reuters

Markets, MI Exclusive, Stock Market, nvidia, Nvidia stock, nvidia stock price, Analyst Note

AI will be at the center of the next financial crisis, SEC chief Gary Gensler says

Mon, 08/07/2023 - 12:15

US Securities and Exchange Commission chairman Gary Gensler speaks into a microphone and gestures with his hand — US Securities and Exchange Commission chairman Gary Gensler
Alex Wong/Getty Images

Markets, MI Exclusive, Gary Gensler, AI, Artificial Intelligence, SEC, Regulator

Stocks are headed for a 'boom-bust' fallout as falling inflation sparks an earnings recession, Morgan Stanley's CIO says

Mon, 08/07/2023 - 11:32

Mike Wilson — Bloomberg TV

Markets, MI Exclusive, Stock Market Outlook, earnings recession, Inflation, falling inflation, economy and markets

Oil giant Saudi Aramco points to lower crude prices as profits plunge 38% in the 2nd quarter

Mon, 08/07/2023 - 11:00

saudi aramco — REUTERS/Ahmed Jadallah

Markets, MI Exclusive, Saudi Aramco, oil prices, oil price outlook, energy, Saudi Arabia

Another Wall Street bank throws in the towel on their 2023 recession call

Mon, 08/07/2023 - 10:24

Tech Insider : Economy

Joe Biden speaks in South Carolina — President Joe Biden speaks in South Carolina about the economy on July 6.
Evan Vucci/AP

economy, Markets, MI Exclusive, Recession, Analyst Note, Stock Market, economy outlook

Top economist Paul Krugman says the US economy is growing too fast to spiral into a debt crisis

Mon, 08/07/2023 - 10:09

Tech Insider : Economy

paul krugman — Franck Robichon/Reuters

Markets, economy, MI Exclusive, Paul Krugman, NYT, US Economy and Markets, US Debt

US stocks rise as investors turn attention to upcoming inflation data

Mon, 08/07/2023 - 09:49

trader nyse screens — : Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Despite the passing the debt ceiling bill in the U.S. House of Representatives, the Dow was lower in morning trading.
Spencer Platt/Getty

Markets, MI Exclusive, daily market wrap, Stock market news today, stock market news, Stock Market, Markets Wrap

The world's 6 richest people are closing in on a $1 trillion combined net worth after the stunning rally in stocks this year

Mon, 08/07/2023 - 08:00

Jeff Bezos and Elon Musk — Jeff Bezos and Elon Musk.
Pascal Le Segretain/Getty Images and Michael M. Santiago/Getty Images

Markets, MI Exclusive, Wealth, Stocks, Musk, Jeff Bezos, Bloomberg Billionaire Index

A 'Black Swan' investor warns of an epic debt bubble - and says stocks are overvalued and set to plunge

Mon, 08/07/2023 - 07:09

Mark Spitznagel — Mark Spitznagel.
Universa Investments

Markets, MI Exclusive, Stocks, Stock Market Outlook, Black Swan, Mark Spitznagel, Nassim Nicholas Taleb

JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco

Mon, 08/07/2023 - 07:05

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. — Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Justin Sullivan/Getty Images

Markets, MI Exclusive, Silicon Valley Bank, Signature Bank, banking turmoil, bank crisis, FDIC

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