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Home values have soared so much that the share of houses worth $1 million or more is near an all-time high

Mon, 08/14/2023 - 13:47

A row of suburban homes in Northern California — Some of the most active homebuyers during the COVID-19 pandemic are now pumping the brakes on purchases.
Jaskaran Kooner/Getty Images

Markets, MI Exclusive, Housing Market, Home values, Home Prices, Affordable, Equity

Argentina's peso sinks after presidential candidate who wants to dollarize economy pulls off shocking primary win

Mon, 08/14/2023 - 12:04

Tech Insider : Economy

Argentina peso/dollar — Nora Mazzini

Markets, MI Exclusive, Argentine peso, US Dollar, argentina election, Dollar dominance, Argentina Inflation

Chinese stock funds attracted $4.4 billion in 8 days, fueling speculation of a state-run buying-spree

Mon, 08/14/2023 - 11:41

China Ministry of Public Security — China's Ministry of Public Security holds a police flag-raising ceremony, in Beijing on January 10, 2021.
Yin Gang/Xinhua via Getty) (Xinhua/Xinhua via Getty Images

Markets, MI Exclusive, China Economy, Stock Market, Chinese markets, Chinese Stocks, CSI 300

Hawaiian Electric utility company sees its stock price plunge 49% after devastating Maui fires

Mon, 08/14/2023 - 11:19

Two Maui residents look through the ashes of their family home after the wildfires this week. — Two Maui residents look through the ashes of their family home after the wildfires this week.
PATRICK T. FALLON/Getty Images

Markets, MI Exclusive, Stock Market, Hawaiian Electric, finance, Mover, Maui fire

AMC plunges 35% on fears the meme stock will be diluted by conversion of APE units

Mon, 08/14/2023 - 09:47

AMC kiosks — Frederic J. Brown/AFP via Getty Images

Markets, MI Exclusive, amc stock price, AMC, meme stock, ape, ape stock

US stocks edge lower as August slump continues amid China property woes

Mon, 08/14/2023 - 09:35

trader nyse screens — : Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Despite the passing the debt ceiling bill in the U.S. House of Representatives, the Dow was lower in morning trading.
Spencer Platt/Getty

Markets, MI Exclusive, Stock market news today, Stocks, Federal Reserve, China, Yuan

Struggling property developer Country Garden's shares hit record low after suspending bond trading amid a severe cash crunch

Mon, 08/14/2023 - 08:29

Aerial shot showing rows of abandoned luxury villas in Shenyang, China, March 31, 2023. — Rows of abandoned luxury villas in Shenyang, China, March 31, 2023.
Jade Gao/AFP via Getty Images

Markets, MI Exclusive, China, Property, Debt, Bonds

'Bond King' Bill Gross warns stocks are dangerously overvalued — and predicts an economic slump

Mon, 08/14/2023 - 07:06

bill gross — Bill Gross.
REUTERS/Jason Reed

Markets, MI Exclusive, Stocks, Bill Gross, Stock Market Outlook, PIMCO, Bond King

China's struggling economy drags the yuan toward its lowest level of 2023

Mon, 08/14/2023 - 06:55

China Yuan — The Chinese yuan is trading close to its 2023 lows.
AP

Markets, MI Exclusive, Currencies, China, China Economy, Chinese yuan, US Dollar

Russian ruble hits 16-month low as currency takes a beating from Ukraine invasion

Mon, 08/14/2023 - 05:32

Russian President Vladimir Putin. — Russian President Vladimir Putin.
GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images

Markets, MI Exclusive, Currencies, Ruble, Russia

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