Business Insider Updates

 BUSINESS INSIDER 1h

CHART OF THE DAY: The housing market's post-pandemic sales rebound has been wiped out by high mortgage rates

Sales of existing homes fell to an annualized rate of 4.04 million last month, below the pandemic low of 4.09 million.

BUSINESS INSIDER 3h

Higher for longer interest rates won't derail the tech sector, Wedbush says

"It's the rocket ship-like trajectory of AI driven growth that will hit the shares of the tech industry over the next 12 to 18 months," Wedbush said.

BUSINESS INSIDER 4h

Russia's economy is headed for stagnation as the path of monetary policy is being chosen 'very poorly,' economists say

Russian inflation could hit 5.6% this month, the nation's own economists forecasted.

BUSINESS INSIDER 5h

China's attempts to boost markets and investor confidence have flopped

Key gauges of Chinese stocks have hit their lowest levels in about 10 months.

BUSINESS INSIDER 5h

'You made it through winter': Anthony Scaramucci shares 3 reasons why he's still bullish on bitcoin

"Every single Wall Street firm is going to have a bitcoin ETF in their arsenal," the Skybridge Capital founder told attendees at Messari Mainnet.

Earnings Thursday 09/21/2023

BUSINESS INSIDER 1d

Side hustles could become a $1.4 trillion industry by 2030 thanks to ChatGPT and AI, Morgan Stanley says

• 93% of content creators and 90% of e-Commerce sellers say generative AI has helped them to make more money, the bank found.

BUSINESS INSIDER 1d

The US housing market is headed for the largest sales slowdown since 2011, Fannie Mae says

• Even if the US avoids a recession in 2024, the housing market will struggle for a "long time," Fannie Mae economists said.

PREMIUM 1d

These are the 10 most affordable US cities to live in with mortgage rates near multi-decade highs, according to BofA

• High mortgage rates and home prices make affordability a massive challenge. These are the 10 most affordable real estate markets to live in right now.

___________________________________________________________________________________