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Bank turmoil drags oil prices down to 15-month low

Thu, 03/16/2023 - 09:55

us oil refinery — REUTERS/Donna Carson

Markets, MI Exclusive, oil prices, Brent Crude, WTI, energy, bank crisis

Silicon Valley Bank's failure might just spark a faster housing rebound

Thu, 03/16/2023 - 06:20

Can you believe it's only Thursday? Phil Rosen here. The sheer volume of financial news this week is enough to fill a very thick book — but if it's okay with you, today we'll keep it to a single newsletter.

One thing I'm thinking about this morning: Elon Musk said he sees similarities between the Silicon Valley Bank collapse and the 1929 Wall Street crash.

Markets, Newsletter, 10 things, 10 things opening bell, Real Estate, Economist, housing rebound

What banking crisis? Warren Buffett's Berkshire Hathaway spends close to $500 million on Occidental stock in 3 days

Thu, 03/16/2023 - 06:05

Warren Buffett newspaper toss — Warren Buffett.
Rick Wilking/Reuters

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Occidental Petroleum, oil & gas

Buy large cap US bank stocks as there's no evidence of a systemic banking crisis, research firm says

Wed, 03/15/2023 - 15:37

trader nyse — A trader works during the Fed rate announcement on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019.
Reuters/Brendan McDermid

Markets, MI Exclusive, Stock Market, Bank stocks, Analyst Note, Silicon Valley Bank collapse, Banking Crisis

Bets that Credit Suisse will default on its debt have hit a record high as pressure mounts on the banking industry

Wed, 03/15/2023 - 14:14

Credit Suisse — The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020. Picture taken October 28, 2020.
Arnd Wiegmann/Reuters

Markets, MI Exclusive, Credit Suisse, Credit Suisse stock, Banks, Stock Market, Mover

A rogue version of ChatGPT predicted that the stock market would crash this week. Here's what it got right and wrong.

Wed, 03/15/2023 - 13:18

Mo

Stock Trader — Photo by TIMOTHY A. CLARY/AFP via Getty Images)

Markets, MI Exclusive, Stock Market, Stock Market Crash, ChatGPT, ChatGPT stocks, Trading

A rogue version of ChatGPT is predicting the stock market will crash this week. Here's why the AI chatbot is dead wrong.

Wed, 03/15/2023 - 09:12

using chatgpt — Getty Images

Markets, MI Exclusive, Stock Market Outlook, Stock Market Analysis, stock market prediction 2023, Stock Market, ChatGPT

Dow dives over 600 points as Credit Suisse selloff injects fresh unease into markets

Wed, 03/15/2023 - 07:29

credit suisse — Swiss banking giant Credit Suisse.
Fabrice Coffrini/AFP/Getty Images)

Markets, MI Exclusive, Stocks, Dow, S&P 500, NASDAQ, Credit Suisse

SVB's collapse completely screwed things up for companies with bad credit

Tue, 03/14/2023 - 15:34

SVB — Silicon Valley Bank was shut down by regulators on Friday.
Getty Images

Markets, MI Exclusive, Stock Market, SVB, Silicon Valley Bank collapse, Fixed Income, Bonds

US stocks shake off contagion fears to trade mixed amid hopes SVB crisis spurs Fed policy shift

Mon, 03/13/2023 - 16:13

trader NYSE — Reuters

Markets, MI Exclusive, Stock market news today, stock market news, Stock Market, Markets Wrap, Dow Jones Industrial Average

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