September 2023

Reuters/Lucas JacksonFundstrat said the August stock sell-off is an ideal opportunity to buy on a pullback.Markets will remain nervous about higher interest rates until the end of the month.The Fed's Jackson Hole seminar could put stocks back on an upward

Home insurance companies are pulling out of California and Florida, at alarming rates. Earlier this year, State Farm, California's largest property insurance company, announce It will stop accepting new applications for all property and casualty insurance in the state,

This week, hundreds of homeowners in a neighborhood community over the age of 55, aka Century Villagein Pembroke Pines, Florida, gathered together to protest an increase in the monthly housing fee due to rising insurance costs, as many insurance companies

US Treasury building.Jalal Gunes / Anadolu AgencyChina reduced its holdings of US Treasury bonds to a 14-year low in June.Bond prices fell in 2023 as investors worried about the Federal Reserve raising interest rates.Tensions between Washington and Beijing also remain

It must have sounded like a good idea at the time, however Anheuser-Busch's (New York Stock Exchange: BUD) The decision to run a Bud Light beer promotion with the help of transgender "influencer" Dylan Mulvaney backfired spectacularly. Conservative America

Christian Bale played Michael Barry in The Big Short.BasicMichael Perry placed $1.6 billion in hypothetical bets against the S&P and Nasdaq last quarter.The Big Short investor is a "one-trick pony" and his bet is off, said analyst Mark Chaykin.Chaiken argued

For decades, the US dollar has held esteem as the world's primary reserve currency. But according to Lynette Zang, senior market analyst at ITM Trading, this long-standing dominance is on shaky ground."The days of the dollar as the global

New SpaceX financial documents published by The Wall Street Journal provide a rare look at Elon Musk's private rocket company. Cryptocurrency prices have swung wildly after a report late Thursday revealed that SpaceX had sold off its bitcoin holdings. X SpaceX

Palo Alto Networks (Banu) posted quarterly profits that beat expectations, the cybersecurity firm said in a press release issued late Friday, raising eyebrows about its timing. Palo Alto stock popped up in after-hours trading. X The unusual decision to release fiscal

US stocks recovered from sharp early losses in Friday's session but ended the week sharply lower as the August swoon continued on Wall Street.The Dow Jones Industrial Average (^DJI) finished just above the flat line, while the S&P 500 (^GSPC)

The industry could soon absorb one of the most respected industrial names in the American economy.US Steel (X) this week It revealed that the company is evaluating "Strategic Alternatives" after receiving "several unsolicited offers", including A.J $7.3 billion bid from

(Bloomberg) -- After an astronomical rally on its first trading day, VinFast Auto Ltd. Now to the ground - erasing a large chunk of its billionaire founder's fortune.Most Read from BloombergThe Vietnamese electric car maker has fallen sharply over

(Bloomberg) -- A period of unusual calm in cryptocurrency markets abruptly ended this week as the idea of ​​higher interest rates for longer triggered a sell-off in risky assets like bitcoin, prompting a mass liquidation of bullish bets.Most Read from

The Dow Jones Industrial Average fell 150 points on Friday, as major stock indexes extended losses on Thursday. Meanwhile, Elon Musk-led SpaceX sold its entire stake in Bitcoin, which led to a sell-off in the cryptocurrency. X Thursday , The Wall

Dow futures fell early Friday, along with S&P 500 futures and especially Nasdaq futures, as real estate woes in China offset falling Treasury yields. X Applied materials (huge) And Ross Stores (Rust) overnight earnings headlines, with monastery (to) and China EV startup

(Bloomberg) -- Chinese authorities have stepped up efforts in recent days to prop up financial markets, in a sign that Beijing is growing increasingly uncomfortable with the pace of decline in stocks and the yuan.Most Read from BloombergMainland stock exchanges

Astrid Butars/Getty ImagesMichael Berry's bet against the S&P 500 could be painful, Kevin O'Leary warned.It is because the index is diversified and short stocks are risky.O'Leary says: Burry made about $100 million betting on the 2008 Crisis, but that was