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MI Exclusive

A Vietnamese electric carmaker is now worth $85 billion – almost as much as Ford and General Motors combined

Wed, 08/16/2023 - 09:19

VinFast VF6 at the 2022 LA Auto Show — The VinFast VF6 at the 2022 Los Angeles Auto Show.
Andrew Moseman

Markets, MI Exclusive, cars, EV, Vietnam, SPAC, Ford

The S&P 500 is massively overvalued - and likely to plunge like it did last year, top economist David Rosenberg says

Wed, 08/16/2023 - 08:34

David Rosenberg — David Rosenberg.
CNBC

Markets, MI Exclusive, Stocks, Stock Market Outlook, David Rosenberg, Rosenberg Research, S&P 500

Warren Buffett and Michael Burry are ready and waiting for a stock-market crash, 'Rich Dad Poor Dad' author says

Wed, 08/16/2023 - 06:29

Robert Kiyosaki.
The Rich Dad Channel/YouTube

Markets, MI Exclusive, Stocks, Stock Market Outlook, Robert Kiyosaki, Rich Dad Poor Dad, Warren Buffett

This year's best-performing IPO is a company that makes golf putters after shares soar more than 600%

Wed, 08/16/2023 - 06:26

Sihwan Kim of United States in action during The Open Qualifying Series, part of the SMBC Singapore Open at Sentosa Golf Club, Serapong Course on January 23, 2022 in Singapore, Singapore. — Sihwan Kim of United States plays in Singapore in January.
Suhaimi Abdullah/Getty Images

Markets, MI Exclusive, Golf, IPO, Stocks, Nasdaq Composite

'Big Short' investor Michael Burry's new bets against the S&P 500 and Nasdaq-100 are no surprise. Here's why.

Wed, 08/16/2023 - 04:41

Michael Burry — Michael Burry.
Jim Spellman/Getty Images

Markets, MI Exclusive, Stocks, Michael Burry, The Big Short, Scion Asset Management, stock portfolio

A 200% EV IPO bonanza has boosted the wealth of Vietnam's wealthiest person eightfold to over $44 billion

Wed, 08/16/2023 - 03:20

VinFast CEO Le Thi Thu Thuy speaks to VinGroup founder and Chairman Pham Nhat Vuong at a VinFast event in Nha Trang, Vietnam April 9, 2022. — VinFast CEO Le Thi Thu Thuy (left) speaks to VinGroup founder and Chairman Pham Nhat Vuong.
Kevin Krolicki/Reuters

Markets, Tech Insider, Transportation, MI Exclusive, Electric Vehicles, vinfast, Vietnam

US stocks slide amid banking fears, weak China data

Tue, 08/15/2023 - 16:07

trader upset sad — Reuters / Lucas Jackson

Markets, MI Exclusive, daily market wrap, Stock market news today, fitch downgrade, China Economy, US banks

Russia eyes more extreme measures to prop up the ruble after it crashes to less than a penny

Tue, 08/15/2023 - 15:27

Russia's ruble advanced against the dollar and broke with a global trend Friday. — Getty Images

Markets, MI Exclusive, Russian Ruble, Russian Economy, Ukraine War, russia central bank, Dollar

Crashing markets thinned the ranks of America's millionaires last year as global wealth shrank for the first time since 2008

Tue, 08/15/2023 - 14:54

Private yachts docked in front of the yacht club. — Private yachts docked in front of a yacht club.
Marielle Descalsota/Insider

Markets, MI Exclusive, Wealthy, Millionaires, ubs, Credit Suisse, Wall Street

Many offices buildings are going to be 'obsolete' and losses are headed for banks and investors holding real estate debt, property exec says

Tue, 08/15/2023 - 14:31

LinkedIn NYC Office, Empire State Building — Robert Libetti/ Business Insider

Markets, MI Exclusive, Commercial Real Estate, commercial real estate market, office buildings, office building prices, Real Estate

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