Welcome to Saturday. I’m Phil Rosen. A lot of moving parts today — we’ve got stories on Tesla, Microsoft, housing and more. Let’s get started. If this was forwarded to you, sign up here. Download Insider’s app here. virsuziglis/Getty Images 1. Pretty much everyone with a mortgage is paying a lower rate than what’s being… Continue reading There’s one big reason why housing inventory is so tight right now
A trader says he got insider info from an ex-Goldman Sachs exec while playing drunk squash
A trader says he got tipsy and received some insider info from a buddy while playing squash. The details were revealed at a court hearing this week in an insider trading case against a former Goldman Sachs trader. A former Barclays trader testified against Brijesh Goel, who revealed info on a company that was about… Continue reading A trader says he got insider info from an ex-Goldman Sachs exec while playing drunk squash
Nvidia is the top AI pick and the stock could jump 15% as demand has picked up since the chip maker’s blockbuster earnings report, Morgan Stanley says
Morgan Stanley raised its price target on Nvidia to $500 and called the stock its “top pick.” Analysts said demand has picked up since the chip maker’s blockbuster earnings report last month. Nvidia is getting orders from customers who weren’t thought of as major buyers until now. Loading Something is loading. Thanks for signing up!… Continue reading Nvidia is the top AI pick and the stock could jump 15% as demand has picked up since the chip maker’s blockbuster earnings report, Morgan Stanley says
What I Learned From a Family Investing Competition
If only I had understood how important it is to start investing early. My parents came from modest backgrounds and so, when raising their kids, didn’t have much money to invest, let alone investing knowledge to share. By the time I had learned and earned enough to start investing, I wanted to make sure the… Continue reading What I Learned From a Family Investing Competition
How to Survive the 2023 Stock Market
Sameer Samana is a senior global market strategist for Wells Fargo Investment Institute, the global investment strategy arm of Wells Fargo Bank. Read on as we ask Samana about opportunities in the current market, as well as the phases of a bear market and which sectors to avoid. What’s your outlook for the stock market… Continue reading How to Survive the 2023 Stock Market
S&P 500 Companies Are Reducing Buybacks: Kiplinger Economic Forecasts
Six months into 2023, S&P 500 companies are operating differently than they did a year prior. As companies adjust their business plans to keep up with the economy, they spend more in some places while cutting drastically in others. To help you understand what is going on and what we expect to happen in the… Continue reading S&P 500 Companies Are Reducing Buybacks: Kiplinger Economic Forecasts
Stock Market Today: Nasdaq Nabs Longest Weekly Win Streak Since 2019
Stocks headed into the long holiday weekend on a quiet note. As a reminder, both the stock and bond markets are closed Monday, June 19, in observance of the Juneteenth holiday. Following a busy few days that saw more signs of easing inflation and a Fed pause, today’s focus for those who stuck around was… Continue reading Stock Market Today: Nasdaq Nabs Longest Weekly Win Streak Since 2019
Partial de-dollarization is possible, but China won’t dethrone the greenback even if it becomes the world’s largest economy
JPMorgan strategists said dollar dominance isn’t going away anytime soon, regardless of China’s growth. Partial de-dollarization in possible as China’s yuan becomes a bigger part of global commerce. De-dollarization can stem from sliding faith in the dollar, or developments that enhance the credibility of other currencies. Loading Something is loading. Thanks for signing up! Access… Continue reading Partial de-dollarization is possible, but China won’t dethrone the greenback even if it becomes the world’s largest economy
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