Markets Insider News

 BUSINESS INSIDER 2d

CHART OF THE DAY: US bank stocks hit all-time low relative to the S&P 500 as bond crash weakens balance sheets

• US banks are sitting on $650 billion of unrealized losses stemming from bond securities they purchased during a period of near-zero interest rates.

BUSINESS INSIDER 17h

'Dr. Doom' Nouriel Roubini has said crypto is 'totally corrupt.' Now he's launching his own token.

The token will be pegged to investments Roubini has touted in the past, including gold and other commodities.

BUSINESS INSIDER 17h

The housing market is loosening up as mortgage rates sink, but 'window of opportunity could be narrow'

"I'm advising buyers to lock in a mortgage rate as soon as they drop to a number where they can make the math work," a Redfin agent said.

BUSINESS INSIDER 18h

Warren Buffett reportedly traded millions of dollars worth of stocks that Berkshire Hathaway was buying and selling

Leaked IRS data seen by ProPublica showed the legendary investor may have violated Berkshire's ethics policies, which Buffett himself wrote.

BUSINESS INSIDER 13h

The 30-year Treasury yield sharply rebounds amid sagging demand in latest government bond auction

The recent 30-year Treasury auction saw the smallest pool of bidders since 2021, highlighting that bond market demand has yet to recover.

BUSINESS INSIDER 14h

US stocks end 8-day win streak after hawkish comments from Jerome Powell

"If it becomes appropriate to tighten policy further, we will not hesitate to do so," Federal Reserve Chairman Jerome Powell said.

BUSINESS INSIDER 15h

MicroStrategy stock is up 250% this year. Michael Saylor says bitcoin allows his firm to compete with giants like the Magnificent 7 for investors' attention.

Saylor said the crypto allows MicroStrategy to keep up with names like Apple and Microsoft — and shared two factors that could push bitcoin higher in 2024.

BUSINESS INSIDER 15h

Brace for a sharp inflation drop that still won't be enough to return the economy to normal, top economist Mohamed El-Erian says

Core inflation is unlikely to return to the Fed's 2% target anytime soon, economist Mohamed El-Erian said.