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The US stocks rally is driven by optimism that things are 'not as bad as feared,' but this may not last, Wells Fargo strategist warns

Fri, 01/27/2023 - 06:59

A big screen display of stock prices hangs behind traders working at the New York Stock Exchange NYSE. — A big screen display of stock prices hangs behind traders working at the New York Stock Exchange NYSE on May 9, 2022.
Michael Nagle/Xinhua via Getty Images

Markets, MI Exclusive, Stock Market, Stock Market Outlook, stock market outlook 2023, Stock Rally, Wells Fargo

ChatGPT is about to write BuzzFeed content - and investors are loving it

Fri, 01/27/2023 - 06:05

Good morning. I'm senior reporter Phil Rosen.

Thursday's jobs data showed the labor market right now basically resembles the opposite of what it should look like ahead of a recession. It's as robust as ever, even as fears of a downturn have yet to abate. Not to mention the economy itself, which is still growing.

Markets, Newsletter, 10 things, 10 things opening bell, buzzfeed, ChatGPT, meta

Elon Musk reiterates his belief that Tesla will 'be the most valuable company on earth' amid record quarter for the EV maker

Thu, 01/26/2023 - 15:56

The Tesla Cybertruck, Roadster, and Elon Musk. — The Tesla Cybertruck, Roadster, and Elon Musk.
Tesla; Andrew Kelly/Reuters

Markets, MI Exclusive, Elon Musk, tesla, tesla stock, Tesla stock price, Stock Market

'The right strategic poker move': Here's what Wall Street is saying about Tesla's 4th-quarter earnings report

Thu, 01/26/2023 - 13:37

Elon Musk making a grimace and pointing a finger. — Elon Musk.
Frederic Brown/Getty Images

Markets, MI Exclusive, Stock Market, tesla, tesla stock, Tesla stock price, Elon Musk

Chevron is catching heat for tripling its stock buyback to $75 billion as soaring energy prices led to record profits

Thu, 01/26/2023 - 10:30

Chevron gas station — A U.S. postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, U.S., March 29, 2022.
Mike Blake/Reuters

Markets, MI Exclusive, chevron, Chevron stock, chevron stock price, Stock Market, Mover

Adani Group says it's exploring 'remedial and punitive' legal action against a short-seller who accused it of market manipulation and fraud

Thu, 01/26/2023 - 04:37

Indian billionaire Gautam Adani's conglomerate said it's exploring potential legal action against Hindenburg Research over its Tuesday report.

Ramesh Dave/Mint/Getty Images

Markets, News, MI Exclusive, Gautam Adani, India, Billionaires, Wealth

Gautam Adani — the world's richest Asian — saw his net worth crash by more than $5 billion in a day after a short-seller targeted his business empire

Thu, 01/26/2023 - 00:12

gautam adani — Gautam Adani is still the world's richest Asian after taking a $5.5 billion hit to his fortune on Wednesday.
Amit Dave/Reuters

Markets, News, MI Exclusive, Gautam Adani, India, Billionaires, Wealth

'One of the most important earnings calls in its history': Here's what Wall Street expects from Tesla's 4th-quarter earnings

Wed, 01/25/2023 - 14:03

Elon Musk — Elon Musk.
Carina Johansen/Getty Images

Markets, MI Exclusive, tesla, tesla stock, Earnings, tesla earnings preview, Stock Market

The short-seller who exposed fraud at Nikola is now targeting a conglomerate owned by the 4th richest person in the world

Wed, 01/25/2023 - 12:01

gautam adani — Amit Dave/Reuters

Markets, MI Exclusive, Stock Market, Gautam Adani, hindenburg research, Short Selling, Trading

The S&P 500 is on the verge of flashing a closely watched 'golden cross' that suggests more upside ahead

Tue, 01/24/2023 - 15:56

NYSE trader — Spencer Platt/Getty Images

Markets, MI Exclusive, Stock Market Analysis, Stock Market Outlook, Stock Market, Technical Analysis, Trading

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