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MI Exclusive

Home builder confidence just dropped for the first time in 2023 as spike in mortgage rates further dents affordability

Tue, 08/15/2023 - 12:45

Home builders constructing a home. — Builder confidence in the market for newly built single-family homes rose four points to 35 in January, according to the National Association of Homebuilders.
Getty Images

Markets, MI Exclusive, Home builders, Confidence, Housing Market, Wells Fargo, Bankrate

Nvidia's upcoming earnings could swing the whole stock market higher as Wall Street's AI frenzy continues

Tue, 08/15/2023 - 12:38

Jen-Hsun Huang, CEO of Nvidia Corp., gives a keynote presentation during the GPU Technology Conference in San Jose, California. Huang later unveiled the Titan X CPU operating with a GeForce GTX Titan X graphics card during the presentation. — Nvidia CEO Jensen Huang.
Kim Kulish/Corbis/Getty Images

Markets, MI Exclusive, Investing, nvidia earnings, NASDAQ, Stock Market Outlook, Nvidia stock

High shipping costs have created a $1 billion loophole for Russia to evade oil price cap, report says

Tue, 08/15/2023 - 12:16

Putin oil — Russia's Prime Minister Vladimir Putin (R) visits the Novokuibyshevsk oil refinery near the city of Samara, Russia.
Reuters/RIA Novosti

Markets, MI Exclusive, Russian Oil, Oil price cap, russia economy, Russia Energy Revenue, Russian oil ban

Home prices in over half of US markets saw record price increases in the 2nd quarter

Tue, 08/15/2023 - 10:40

home for sale — Joe Raedle/Getty Images

Markets, MI Exclusive, Home Prices, us housing market, us home prices, Price increases, housing market outlook

Fitch warns it may have to downgrade slew of US banks including giants like JPMorgan

Tue, 08/15/2023 - 09:58

The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London

Thomson Reuters

Markets, MI Exclusive, Fitch, Ratings, Banks, Wall Street, Jamie Dimon

US stocks falls as markets assess downbeat China data

Tue, 08/15/2023 - 09:50

Sad trader — A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014.
REUTERS/Lucas Jackson

Markets, MI Exclusive, daily market wrap, Stock market news today, China Economy, China growth, Economic Recovery

Saudi Arabia, UAE join Elon Musk and Chinese tech titans in the race for scarce Nvidia chips

Tue, 08/15/2023 - 09:17

Jensen Huang, CEO of Nvidia, reacts to a video at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018. — Jensen Huang, CEO of Nvidia, reacts to a video at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018.
Rick Wilking/Reuters

Markets, MI Exclusive, AI, Saudi Arabia, Stocks, Tech

Dan Loeb, David Tepper, and Paul Tudor Jones piled into Nvidia stock last quarter - and other elite investors joined them

Tue, 08/15/2023 - 08:36

jim simons renaissance — Jim Simons.
AP Images / Jason Decrow

Markets, MI Exclusive, Stocks, Nvidia stock, Microchips, Semiconductors, Artificial Intelligence

Gas prices nearing $4 a gallon rekindle fears of inflation rebound

Tue, 08/15/2023 - 08:28

Gas pump — US gas prices surged to $3.96 a gallon earlier on Monday.
(Photo by FREDERIC J. BROWN/AFP via Getty Images)

Markets, MI Exclusive, US gas prices, Gas Prices, oil gas prices, Inflation, Fed

Don't worry about stocks with the Fed closing in on its dream no-recession scenario, Goldman Sachs says

Tue, 08/15/2023 - 07:34

traders — Stocks have slipped lower in August after starting 2023 with a breakneck rally.
Mario Tama/Getty Images

Markets, MI Exclusive, Stocks, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Investing Analysis

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