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US stocks drop after wholesale inflation comes in hotter than expected

Fri, 08/11/2023 - 09:40

trader nyse screens — : Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City.
Spencer Platt/Getty

Markets, MI Exclusive, daily market wrap, Stock market news today, stock market news, Stock Market, Markets Wrap

Russian oil smashes through the G7 price cap as crude exports in July hit the highest level of 2023

Fri, 08/11/2023 - 09:20

Oil terminal ship in Russia — papa1266/Getty Images

Markets, MI Exclusive, Russia, russia economy, Oil, oil prices, Russian crude

Phil Mickelson considered betting on Team USA to win the Ryder Cup – and lost $100 million gambling, book says

Fri, 08/11/2023 - 08:29

WHITE SULPHUR SPRINGS, WV - AUGUST 05: Phil Mickelson of the United States looks on at the 5th hole on day two of the LIV Golf Greenbrier at The Old White Course on August 05, 2023 at White Sulphur Springs, West Virginia. (Photo by Joe Robbins/Icon Sportswire via Getty Images) — Golf star Phil Mickelson lost $100 million betting, according to a new book.
Joe Robbins/Icon Sportswire via Getty Images

Media, Markets, MI Exclusive, Stocks, Phil Mickelson, Sports Betting, Golf

Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth

Fri, 08/11/2023 - 07:32

Apple CEO Tim Cook attends Apple's — Apple CEO Tim Cook.
Axelle/Bauer-Griffin/FilmMagic

Markets, MI Exclusive, Stocks, apple, Tim Cook, Stock Buybacks, share repurchases

Country Garden, one of China's real-estate behemoths, could look at restructuring its debt after missing key interest payments this week: JPMorgan

Fri, 08/11/2023 - 06:16

Tech Insider : Economy

Chinese developer Country Garden missed bond coupon payments on Monday, igniting concerns about its liquidity.

Aly Song/Reuters

Markets, Real Estate, economy, MI Exclusive, Property, China, Crisis

Top economist David Rosenberg says Bill Ackman's bet against Treasurys could end as badly as his Herbalife wager

Fri, 08/11/2023 - 05:58

Bill Ackman.

Richard Drew/AP

Markets, MI Exclusive, Bill Ackman, David Rosenberg, Herbalife, herbalife stock price, Shorting

Saudi Arabia is about to send more oil to China, even though it's slashed crude supply levels

Fri, 08/11/2023 - 05:12

Saudi oil production — Saudi Arabia is set to send more oil to China next month, according to Bloomberg.
Marwan Naamani/AFP via Getty Images

Markets, MI Exclusive, Commodities, Oil, Saudi Arabia, China

The US economy seems to be getting a boost from Hollywood - but Hollywood is missing out

Fri, 08/11/2023 - 05:00

Tech Insider : Economy

Hollywood sign — The Hollywood Sign.
(Photo by In Pictures Ltd./Corbis via Getty Images)

economy, MI Exclusive, Markets, Hollywood, Hollywood strikes, Barbie, Oppenheimer

The Fed is done hiking rates – and could even cut early next year, Fundstrat's Tom Lee and Mohamed El-Erian say

Fri, 08/11/2023 - 04:31

Mohamed el-erian — Top economist Mohamed El-Erian.
Photo by Rob Kim/Getty Images

Markets, MI Exclusive, Fed, Fed policy, Inflation, fed inflation, Fed inflation Mohamed El-Erian

US stocks whipsaw but close higher as Wall Street mulls Fed outlook after July CPI

Thu, 08/10/2023 - 16:03

Tech Insider : Economy

Shoppers — Photo by Michael Nagle/Xinhua via Getty Images)

Markets, MI Exclusive, Stock Market, stock market news, Stock market wrap, Inflation, CPI

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