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Warren Buffett isn't worried about the dollar's dominance. He predicted it would still be the world's reserve currency in 2065.

Wed, 07/19/2023 - 06:00

warren buffett — Warren Buffett
AP Images

Markets, MI Exclusive, Currencies, De-Dollarization, Warren Buffett, Berkshire Hathaway, Billionaires

A secretive US asset manager bet big on Tesla in 2011 after a young analyst saw its potential. The stock is up nearly 15,000% since then.

Wed, 07/19/2023 - 05:32

A red Tesla Model Y seen outside a Tesla showroom — Tesla launched its insurance product in 2019
Getty Images

Markets, MI Exclusive, tesla, Elon Musk, Elon Musk tesla, tesla stock, tech stock rally

Evergrande's whopping $81 billion loss is almost triple Iceland's GDP - it's a reflection of China's deepening property crisis

Wed, 07/19/2023 - 05:02

Construction site, Shanghai, China — Qi Yang/Getty Images

Markets, MI Exclusive, China, Property, Debt

It's 'nonsense' to suggest sanctions hurt the dollar - USD dominance has sent 'tinpot dictators' scrambling for alternatives

Wed, 07/19/2023 - 04:59

A staff member counts US dollar cash at a bank in Hai 'an, Jiangsu Province, China, Sept 5, 2022. — A staff member counts US dollar cash at a bank in Hai 'an, Jiangsu Province, China, Sept 5, 2022.
CFOTO/Future Publishing/Getty Images

Markets, MI Exclusive, US Dollar, Dollars, dollar movement, De-Dollarization, Greenback

Dow extends winning streak to 7 days as US stocks jump on strong bank earnings

Tue, 07/18/2023 - 16:33

Bank of America — REUTERS/Shannon Stapleton

Markets, MI Exclusive, daily market wrap, Investing, Industrial Production, Retail Sales, Federal Reserve

European electricity prices tumble into negative territory amid glut of green energy

Tue, 07/18/2023 - 15:58

Tech Insider : Economy

several wind turbines stand in a cluster in the countryside. — A field of wind turbines producing energy from the wind.
Mariana Castelo Branco

Markets, MI Exclusive, Green Energy, Europe, Climate Change, Utility, Electricity prices

Just 1% of US homeowners sold their house in the first half of the year, leading to the lowest inventory of all time

Tue, 07/18/2023 - 12:43

home sold — In this April 5, 2010 photo, Joann Weber, of Midtown Realty, changes the sign from "Sale Pending" to "Sold" at a home that just sold in Palo Alto, Calif.
Paul Sakuma/AP

Markets, MI Exclusive, us housing market, housing supply shortage, housing inventory, mortgage rates, Housing Shortage

Another Russian energy war is a real threat to Europe, IEA warns

Tue, 07/18/2023 - 11:30

Natural gas shipments — US natural gas exports to Europe have surged.
LOIC VENANCE/Getty Images

Markets, MI Exclusive, Natural Gas, Europe, Energy Crisis, Russia, Ukraine War

This classic recession signal has been flashing red, but Goldman Sachs is unfazed

Tue, 07/18/2023 - 11:26

Tech Insider : Economy

Bull and bear market — Kameleon007/Getty Images

Markets, MI Exclusive, Bonds, Equities, economy, Recession, US Economy and Markets

Tesla's board of directors will return $735 million on claims they were overpaid

Tue, 07/18/2023 - 10:47

Tesla vehicles — Sebastian Ng/SOPA Images/LightRocket via Getty Images

Markets, MI Exclusive, Elon Musk, tesla, tesla stock, Tesla lawsuit, Tesla board of directors

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