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A US debt default will have 'unquantifiable' adverse consequences and unthinkable long-term implications, Wall Street experts warn

Wed, 05/10/2023 - 06:57

US stocks edged lower on Tuesday as more Wall Street banks reported mixed earnings — Wall Street
Getty Images

Markets, MI Exclusive, Debt Ceiling, Debt, US debt ceiling, debt default, Janet Yellen

Education stocks plummeted after Chegg's CEO warned about ChatGPT – but don't write off entire sectors just yet

Wed, 05/10/2023 - 05:45

Chegg CEO Dan Rosensweig — Chegg CEO Dan Rosensweig on the floor of the New York Stock Exchange.
Richard Drew/AP

Markets, MI Exclusive, Stocks, Chegg, ChatGPT, AI, ChatGPT stocks

Elon Musk warns there's a growing risk of a US default as the deadline to raise the debt ceiling looms

Wed, 05/10/2023 - 05:36

Elon Musk has brought Twitter to break even through an aggressive approach to management. — Elon Musk.
Susan Walsh/AP

Markets, MI Exclusive, tesla, Elon Musk, elon musk tweet, debt default, US Debt

US stocks fall as debt ceiling jitters rattle investors and markets brace for April inflation report

Tue, 05/09/2023 - 16:06

trader nyse worried chart — Getty Images / Xinhua News Agency

Markets, MI Exclusive, Stock market news today, debt default, us debt default, Debt Ceiling, Biden

These 2 charts show the stock market isn't in as bad a spot as some bearish investors might think

Tue, 05/09/2023 - 15:30

Keri Russell on one side of a tree with a bear on another — Keri Russell in "Cocaine Bear."
Universal

Markets, MI Exclusive, Stock Market Outlook, Stock Market Analysis, Stock Market, Analyst Note, stock market bearish

Stocks will drop as the economy is either about to enter a recession or the Fed is poised to keep rates higher for longer, Morgan Stanley CIO says

Tue, 05/09/2023 - 15:02

trader upset angry sad nyse — Getty Images / Drew Angerer

Markets, MI Exclusive, Stock Market Outlook, stock fall, earnings recession, US economic outlook, Recession

The 'implosion of Russia as a great power' has opened the door for China to capitalize on Moscow's weakening economy

Tue, 05/09/2023 - 13:41

Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023. — Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping at the Kremlin on March 21.
Sputnik/Sergei Karpukhin/Pool via Reuters

Markets, MI Exclusive, China, Russia, Ukraine War, Geopolitics, Yuan

Top commodity firm may start using China's yuan, potentially adding to de-dollarization trend

Tue, 05/09/2023 - 13:26

Tech Insider : Economy

The yuan is gaining strength and climbing the ranks of the world's most regularly traded currencies. — Getty Images

Markets, MI Exclusive, Yuan, brazil, Dollar dominance, China, economy

Bank of America slashes its oil-price outlook 9% for 2023 as debt ceiling crisis increases risk of recession

Tue, 05/09/2023 - 12:47

oil rig — Jason Kozlowski / EyeEm

Markets, MI Exclusive, Oil, brent oil, wti oil, Commodities, Oil Forecasts

Russia's economy will be frozen for a long time as it relies more on China and 'yuanization,' think tank says

Tue, 05/09/2023 - 11:36

Tech Insider : Economy

Vladimir Putin — Russian President Vladimir Putin gives a speech during the Victory Day military parade at Red Square in central Moscow on May 9, 2023.
GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images

Markets, MI Exclusive, Russian Economy, Sanctions, Yuan, Oil and Gas, Ukraine War

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