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MI Exclusive

South Africa's currency eyes record low after US accuses the country of secretly selling weapons to Russia

Thu, 05/11/2023 - 13:01

Russian President Vladimir Putin (left) speaks to South African President, Cyril Ramaphosa (right) — Russian President Vladimir Putin with South African President Cyril Ramaphosa.
Sergei Chirikov/Associated Press

Markets, MI Exclusive, South Africa, Currency, Russia, Sanctions, Ukraine War

Jamie Dimon warns a US default would be 'potentially catastrophic' as lawmakers remain deadlocked over raising the debt ceiling

Thu, 05/11/2023 - 11:59

Tech Insider : Economy

Jamie Dimon — JPMorgan Chase CEO Jamie Dimon.
REUTERS/Brian Snyder

Markets, MI Exclusive, Jamie Dimon, JPMorgan CEO, JPMorgan Chase, Debt Ceiling, debt default

The US and allies could take action to counter China's 'economic coercion,' Treasury Secretary Janet Yellen says

Thu, 05/11/2023 - 11:40

Janet Yellen — Federal Reserve Chair Janet Yellen holds a news conference following day two of the Federal Open Market Committee (FOMC) meeting in Washington, U.S., December 14, 2016.
REUTERS/Gary Cameron

Markets, MI Exclusive, US china tensions, US-China trade, US-China relations, china investments, China sanctions

Alphabet gains $131 billion in market value after it unveils AI ambitions at I/O conference

Thu, 05/11/2023 - 11:17

Google I/O — Sundar Pichai.
JOSH EDELSON/AFP via Getty Images

Markets, MI Exclusive, alphabet, Alphabet Stock, alphabet stock price, Stock Market, google

US inflation just hit the lowest in almost 2 years, throwing further Fed rate hikes into question. Here's how President Joe Biden, Paul Krugman, David Rosenberg, and 4 others reacted.

Thu, 05/11/2023 - 11:15

Traders work on the floor of the New York Stock Exchange. — Traders work on the floor of the New York Stock Exchange.
Michael M. Santiago/Getty Images

Markets, MI Exclusive, Inflation, CPI, Federal Reserve, Fed, inflation fed

Elon Musk is the 'inventor of our age' and a renaissance man, Ark Invest chief and Tesla bull Cathie Wood says

Thu, 05/11/2023 - 11:05

Elon Musk, wearing a black suit and tie, waves to photographers outside a courthouse — Elon Musk.
Justin Sullivan/Getty Images

Markets, MI Exclusive, Elon Musk, Cathie Wood, ARK Invest, tesla, tesla stock

Home sales could crash 23% following a US default and put the housing market in a 'deep freeze,' Zillow economist says

Thu, 05/11/2023 - 09:43

US housing market — adamkaz/Getty Images

Markets, MI Exclusive, Housing Market, Debt Ceiling, Debt, Default, housing crash

US stocks dip after renewed banking concerns and rise in jobless claims

Thu, 05/11/2023 - 09:36

Trader at the NYSE — Traders work the floor of the New York Stock Exchange during morning trading on May 05, 2022 in New York City.
Michael M. Santiago/Getty

Markets, MI Exclusive, Stock Market, Stock market news today, stock market news, Markets Wrap, Jobless Claims

PacWest plummets 28% to resume sell-off after the regional bank says deposits fell 9.5% last week

Thu, 05/11/2023 - 09:17

A branch of regional lender Pacific Western Bank in Whittier, California. — A branch of regional lender Pacific Western Bank in Whittier, California.
AP Photo/Ashley Landis

Markets, MI Exclusive, PacWest Bank, PACW stock price, Bank stocks, Regional Banks, regional lenders

Top economist David Rosenberg points to Microsoft's salary freeze as fresh evidence that US inflation is slowing

Thu, 05/11/2023 - 09:03

david rosenberg — David Rosenberg.
WealthTrack

Markets, MI Exclusive, Inflation, Microsoft, Salary, David Rosenberg, CPI

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