Apple earnings recap: Revenue, profit beat despite China sales miss
Apple's Q3 earnings and sales beat estimates, despite a slowdown in China sales. It said it's optimistic about AI. Real EstateHomebuyers are flocking to a type of loan that offers a lower mortgage rate. But they often require bigger down payments, and lenders don't like to give them.
There's a rare type of mortgage loan gaining popularity among buyers seeking lower rates. MarketsStock market today: Nasdaq surges nearly 3% amid chip rally, dovish Fed comments
US stocks surged on Wednesday, with the Dow popping 300 points as Powell acknowledged the Fed's progress in bringing down inflation. MarketsThe 'Trump dump': The presidential hopeful causes deep stock losses in companies and industries he targets, researchers say
Trump's re-election could be 'perilous' to stocks, given his economic policies, three researchers said. Tech'A growth turnaround beginning': Here's what Wall Street expects from Apple's 3rd-quarter earnings
Apple is on deck to report third-quarter earnings. Analysts are focused on the company's AI initiatives and the upcoming iPhone 16. MarketsStock market today: Chipmakers lead tech surge ahead of Fed rate decision
Tech stocks rallied ahead of the Fed's rate decision, with Nvidia and AMD popping 10%. Real EstateSellers are 'losing their grip' on the housing market as home prices cool, research firm says
Home prices rose just 0.3% in May, a sign that selling power is starting to wane, Capital Economics said. MarketsThe market is flashing signs of a dangerous debt bubble with losses that could be 'contagious,' economist says
US stocks could be seeing one of the most problematic types of asset bubbles, according to one Goldman Sachs alum. Markets'Big Short' investors are bullish on gold because money is devaluing too quickly
Two investors of the "Big Short" say they've bought "almost every dip" in gold over the past four years. MarketsStocks are approaching a 'watershed' moment as rate cuts unlock opportunity in unloved areas of the market, Wharton professor Jeremy Siegel says
Beaten-down value stocks could get a major boost once the Fed cuts rates in September, Wharton's Jeremy Siegel said. MarketsDe-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says
Dollar dominance is sticking around for at least the next few decades, one currency expert told Business Insider. EconomyAI could force 12 million workers to switch jobs in coming years, causing unprecedented competition
Workers will need to retrain or skill up to stay competitive in the job market in coming years, labor experts told BI. Real EstateFlorida's housing market is seeing 'nightmare scenarios' as buyers back out due to affordability concerns, Redfin says
Homebuyer cancellations are cropping up in Florida after a meteoric rise in home prices. FinanceFeds accuse famed short-seller Andrew Left of fraud and market manipulation
The DOJ alleges that Left made at least $16 million by knowingly exploiting his ability to move stock prices. MarketsStock market today: US stocks trade mixed as tech losses deepen and investors await PCE
GDP grew above-expected last quarter, with the economy expanding 2.8%, per advanced estimates. EconomyThe US job market is close to the 'danger zone,' famed economist Claudia Sahm says
The job market's highly accurate recession indicator is close to triggering its warning on the US economy. MarketsThe US will be an oil production powerhouse through at least 2026, Goldman Sachs says
The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues, Goldman Sachs predicted. MarketsStock market today: Nasdaq suffers worst day since 2022 as weak earnings spark steep sell-off
The Nasdaq dropped more than 3%, fueled by a selloff in Tesla and Alphabet shares after earnings. The Dow lost 500 points and the S&P 500 dropped 2%. Real EstateThe housing market is poised to loosen up as inventory climbs and prices cool, Fannie Mae says
The number of homes for sale is up 30% from levels last year, according to Fannie Mae. MarketsNasdaq tumbles 3% in worst day of the year amid tech-earnings rout
The Nasdaq dropped sharply as earnings from Tesla and Google's parent, Alphabet, missed investors' expectations.ncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufonyiwdOhpqtnmpq7r7XFnqlmq5%2Bn