Market Insider...Snippets // so there's still time for a downturn to hit

 BUSINESS INSIDER 4h

A 'litmus test' for a looming recession could come next quarter, says an economist who's been predicting a downturn for 18 months

David Rosenberg told CNBC a recession typically starts about two years after the start of a rate hike cycle, so there's still time for a downturn to hit.

BUSINESS INSIDER 12h

US stocks trade mixed as Treasury yields hit fresh 16-year highs

The three macro drivers that have driven stock prices lower in September include higher oil prices, higher interest rates, and a higher US dollar.

BUSINESS INSIDER 12h

'Big Short' investor Greg Lippmann eyes resilient assets for tough environment: 'buy the bad at the horrible pricing'

Known for predicting the 2008 crash, the investor sees opportunity in commercial mortgage-backed securities.

BUSINESS INSIDER 13h

Tesla's stock price target gets cut by Deutsche Bank as the EV maker faces 'considerable downside risk' to 2024 earnings

The bank trimmed its 2024 production outlook for Tesla to 2.1 million units next year, down from the consensus expectation of 2.3 million units.

BUSINESS INSIDER 13h

The stock market outlook 'rhymes with 2008' as headwinds continue to pile up, JPMorgan's quant guru says

"The current change in interest rates is about 5 times larger than the 2002-2008 increase," JPMorgan's Marko Kolanovic warned.

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BUSINESS INSIDER 1h

The housing market has hit 'rock bottom' and the sales slump will last a long time, Redfin CEO says

• The housing sales slowdown will last awhile, as no one is selling their home unless they absolutely have to, according to Redfin's CEO.

Read the story

BUSINESS INSIDER 3m

Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says

By 2050, the energy group said, fossil fuel demand would have to tumble by 80% to achieve the latest net-zero goals.

BUSINESS INSIDER 9m

CHART OF THE DAY: Forget TINA, hello TAMA - investors now have plenty of alternatives to the stock market

"US Treasurys are an increasingly compelling alternative to risk assets," Bank of America said, adding that it sees a 5% US 10-year Treasury yield.

BUSINESS INSIDER 1h

OpenAI eyes share sale that could triple its valuation to $90 billion, behind only ByteDance and SpaceX among top startups

Instead of issuing new shares, a potential deal would allow OpenAI employees to sell their existing shares, the Wall Street Journal said.

BUSINESS INSIDER 2h

US oil prices surge to their highest level in 2023

Production cuts from OPEC+ this summer have weakened global crude supply and sparked more than a 30% rally since June.

BUSINESS INSIDER 3h

Evergrande's billionaire founder is under police control, report says, as Beijing's crackdown on the property giant intensifies

The Bloomberg report comes as shares in the embattled Chinese real-estate giant plunged this week after saying it would be unable to issue new debt.