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☆ Get paid up to $10,000 to move? That's great for remote workers, but economists say it's not a good investment for the cities footing the bill
▼ + stars: | 2023-02-19 | by ( Robert Davis | ) www.businessinsider.com time to read: +13 min

The more than 2,000 people who received Tulsa Remote grants have a median income of more than $85,000. For starters, he found the income generated by recipients of the Tulsa Remote program was just a sliver of the $80 billion the 468,000-plus workers in the Tulsa metro area generated in 2021. A Brookings Institution analysis of the Tulsa Remote program published in September found that the program was generally effective at bringing high-skilled labor to the area. He compared the impact of the incentive program to the opening of a Honda manufacturing plant in Greensburg in 2007. A previous audit from Hoffer's office in 2019 identified two major flaws in the Think Vermont program.

☆ Markets are kicking off a make-or-break stretch with inflation, jobs, and more Fed policy looming
▼ + stars: | 2023-02-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Fed Chairman Jerome Powell warned — once again — last week that rates may eventually end up higher than markets anticipate as the fight against inflation remains far from over. Now, ahead of the CPI report, let's check in with the outlook for stocks. To Bernstein strategist Matthew Palazzolo, today's inflation reading will kick off a momentous five-week stretch for equities. The jobs report on March 3, the next inflation report on March 14, and the Fed meeting on March 22 will shape the rest of the year for stocks, he explained to my colleague George Glover. Your best bet for where the stock market's going this year can be found in the two-year Treasury yield, according to Mohamed El-Erian.

☆ US stocks jump as investors look to a further slowdown in consumer inflation
▼ + stars: | 2023-02-13 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks jumped Monday ahead of Tuesday's consumer price index report. Wall Street expects January inflation to slow to an annual pace of 6.2% from 6.5% in December. But Fed policymakers have said recently that the central bank still has a lot of work to do on inflation. Wall Street estimates that January inflation will show an annual pace of 6.2%, down from 6.5% in December as well as June's high of 9.1%. Investors have been optimistic that improving data will allow the Federal Reserve to start cutting rates later this year.

☆ The artificial intelligence war has Wall Street in a frenzy over Google, Microsoft, and anything related to bots
▼ + stars: | 2023-02-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

In case you missed it, last week Microsoft held an event that had the buzz of a Steve Jobs iPhone launch. Google Bard VS OpenAI ChatGPT displayed on Mobile with Openai and Google logo on screen seen in this photo illustration. In this two-horse race, Google certainly didn't do itself any favors in bumbling its own AI demo last week. But the battle will ultimately come down to Microsoft and Google, according to venture capitalist Vinod Khosla. Record highs for the stock market are within reach this year, according to Fundstrat.

☆ A conversation with Shark Tank's Kevin O'Leary on ChatGPT and how to invest in artificial intelligence.
▼ + stars: | 2023-02-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Kevin O'LearyKevin O'Leary is the chairman of O'Leary Ventures, a media personality, and veteran investor. Kevin O'Leary: I'm looking at the ChatGPT deal right now from an equity perspective, deciding what allocation I want to put into it. Some of the biggest firms on Wall Street are warning their clients not to trust the stock market rally. This strategist said you can tell the stock market surge is out of steam because the dollar's no longer on the retreat. Make these undervalued investments now while the stock market rally unwinds after a red-hot jobs report.

☆ US stocks fall and bond yields jump ahead of speech from Fed chief Powell
▼ + stars: | 2023-02-06 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks fell Monday as bond yields continued to spike on expectations for more hawkish Fed moves. That followed Friday's blockbuster jobs report that raised fears over a tight labor market. Fed Chairman Jerome Powell will speak Tuesday at the Economic Club of Washington. Meanwhile, iunvestors will be watching for remarks on Tuesday from Fed Chairman Jerome Powell, who will speak at the Economic Club of Washington. Here's where US indexes stood at the 4 p.m. market close on Monday:Here's what else is happening today:In commodities, bonds, and crypto:

☆ Here's why investors can expect returns in the S&P 500 this year after 2022's stock market bloodbath.
▼ + stars: | 2023-01-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

This time last year, the S&P 500 was coming off its all-time closing high, which had arrived on 2022's first day of trading. It's only happened four times, but when the S&P 500 sees back-to-back losing years, the second is always worse. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. And if you look at Bank of America's Sell Side Indicator, a year in the green for the S&P 500 seems to be in the cards. Morgan Stanley just revamped a nine-stock list that's beaten the S&P 500 by 18% over time.

☆ A stock market crash and a Great-Depression-style economy are among the boldest forecasts for 2023.
▼ + stars: | 2023-01-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now it's full speed ahead into 2023 — and the first Opening Bell newsletter of the year is a doozy. Over the last 12 months, volatility defined global markets. Some of the worst-performing tokens plummeted more than 90%, and one North Korean cyberattack resulted in a $625 million theft. Here is your complete guide to navigating the stock market. Oil (WTI) price on Jan. 3, 2023 Markets Insider10.

☆ Stocks have taken a beating this year and investors feel worse than during 2008's Great Financial Crisis. Here's what that means for 2023.
▼ + stars: | 2022-12-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now, unlike this newsletter and all you readers, the stock market is rounding out a year to forget. It's worth noting, too, that alongside slumping stocks, investor sentiment is worse than it was during the 2008 Financial Crisis. But in Fundstrat's view, that suggests a stock market bottom is near, if it hasn't happened already. In other words, overly bearish sentiment suggests stocks could be set up for a big rally in 2023. What's your stock market outlook for the new year?

☆ Crumbling tech stocks and recession fears have cratered the fortunes of the wealthiest Americans including Elon Musk and Jeff Bezos.
▼ + stars: | 2022-12-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Britta Pedersen-Pool/Getty Images; Arif Hudaverdi Yaman/Getty Images; KENZO TRIBOUILLARD/Getty Images; Mike Cohen/Getty Images; Yuqing Liu/Business Insider1. Besides the fallen crypto king, many of these shrinking fortunes can be chalked up to this year's bloodbath in the tech stocks. How has Elon Musk's involvement with Twitter impacted your outlook for Tesla stock? Tesla stock price on December, 29, 2022 Markets Insider10. Tesla stock climbed Wednesday as dip-buyers poured into the EV maker.

☆ Sam Bankman-Fried's FTX saga keeps getting weirder as new details shed further light on how much his company's finances overlapped.
▼ + stars: | 2022-12-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

More details are sure to emerge, but there's already enough fodder for a spectacular thriller novel on par with "The Big Short." A closer scrutiny of court documents reveal an underlying theme of commingled funds, overlapping and mixed finances, and inexcusable, messy bookkeeping. Bankman-Fried's entire enterprise — counting FTX, his hedge fund Alameda Research, as well as scores of smaller entities — were steeped in one another's funds. There's a chance that those who end up in the most financial pain will be everyday investors who, like some institutional investors, trusted their funds to FTX. The CIO of a top-performing fund said 2023's stock market will present a tale of two halves.

☆ US stocks trade mixed as Santa Claus rally remains elusive despite China's further reopening
▼ + stars: | 2022-12-27 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks finished mixed to begin the final week of trading for 2022 as the so-called Santa Claus rally failed to materialize. The weakness came despite fresh signs that China is further shedding its zero-COVID policies. Tesla stock fell as the EV maker extended the slowdown of its Shanghai factory through January, according to Reuters. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The weakness came despite fresh signs that China is further shedding its zero-COVID policies.

☆ The collapse of FTX has left many crypto investors without access to their cash. Meet one student who got $14,000 stuck on Sam Bankman-Fried's exchange.
▼ + stars: | 2022-12-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In light of the hubbub surrounding FTX and Sam Bankman-Fried, this morning I'm thinking about a quote by novelist G. Michael Hopf:"Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times." And that's the sense I got from speaking to one 26-year-old investor who lost a sizable chunk of his portfolio in FTX. I just caught up with FTX user Daniil Pemberton, who lost access to roughly $14,000 in funds when the crypto exchange imploded last month. Now, FTX users like Pemberton have been left with a hole in their pockets and faltering faith in the digital asset sector. Do you have a story to share about losing access to funds in FTX, or on how you're changing your investment strategy?

☆ US stocks fall on wholesale inflation data while investors look ahead to big week for markets
▼ + stars: | 2022-12-09 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks fell Friday on hotter-than-anticipated inflation at the wholesale level. The sell-off capped a losing week for indexes as investors look ahead to a pivotal period for markets. Consumer inflation data is due Tuesday, and the Fed announces its decision on rates Wednesday. That sets up markets for next week, with consumer inflation data coming out on Tuesday and the Fed's policy decision due on Wednesday. Meanwhile, Friday's slump capped a losing week for markets, with the Dow down 2.3%, the S&P 500 off 2.8%, and the Nasdaq shedding 3.4%.

[1/4] Peru's new President Dina Boluarte arrives to speak to the media at the Government Palace, in Lima, Peru December 8, 2022. That's easier said than done," said Jason Marczak, senior director of the Atlantic Council's Adrienne Arsht Latin America Center. "The last Peruvian president to not belong to a political party, Martin Vizcarra, was impeached by Congress in 2020, leading to a wave of protests," said Marczak. But after Wednesday's events, the 60-year-old Boluarte lambasted Castillo for his "attempted coup." "(Peru's new President) Dina Boluarte is not our president," said Sonia Castaneda at a protest on Wednesday in Lima, where some pro-Castillo demonstrators clashed with police.

☆ A crypto exec shares details of his phone calls with Sam Bankman-Fried days before FTX imploded
▼ + stars: | 2022-11-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today, we're zooming in on the revealing calls that took place just before the fall of FTX, between Sam Bankman-Fried and a rival exec. Sam Bankman-Fried, the recently dethroned king of crypto, had been making a lot of calls seeking a lifeline before his firm crumbled. Bankman-Fried, Lai added, sounded calm and admitted the liquidity crunch was his own fault. "We think prices need to drop by about 20% from their spring peaks in order to reach a sustainable level." Coinbase stock Markets Insider10.

☆ US stocks defy rising yields to close higher, but cap a mixed week for major indexes
▼ + stars: | 2022-11-18 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks climbed Friday as investors digested strong earnings from the likes of Ross Stores, Palo Alto Networks and Gap. For the week, the Dow was roughly flat, with the S&P 500 lost about 0.8%, and the Nasdaq fell 1.8%. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. For the week, the Dow was roughly flat, with the S&P 500 lost about 0.8%, and the Nasdaq fell 1.8%. "To attain a sufficiently restrictive level, the policy rate will need to be increased further."

☆ Republican Gov. Bill Lee faces off against Democrat Jason Martin in Tennessee's gubernatorial election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | Madison Hall | ) www.businessinsider.com time to read: +2 min

Explore more race results below. Bill Lee is running against Democrat Jason Martin in Tennessee's gubernatorial race. Election 2022 Tennessee Results Explore more election results Alaska Arizona California Colorado Connecticut Florida Georgia Illinois Indiana Iowa Kansas Maine Maryland Massachusetts Michigan Minnesota Nevada New Hampshire New Mexico New York North Carolina Ohio Oregon Pennsylvania Rhode Island Texas Virginia Washington WisconsinRepublican incumbent Gov. Bill Lee faces off against Democrat Jason Martin in Tennessee's gubernatorial election. Tennessee's gubernatorial candidatesLee's running for reelection after finishing his first term in office, which began in 2019.

☆ US stocks close mixed as Nasdaq and S&P 500 snap 3-day win streaks on weak tech earnings
▼ + stars: | 2022-10-26 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks finished mixed as the Nasdaq snapped a three-day win streak amid weak tech earnings. But the Dow Jones Industrial Average extended its rally to a fourth consecutive session. Tech stocks will see more action this week as Meta reports late Wednesday and Apple is due to report after the close on Thursday. Meanwhile, the Dow Jones Industrial Average eked out a gain to extend its rally to a fourth consecutive session, helped in part by strong earnings from Visa. Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:Dow Jones Industrial Average: 31,839.84, up 0.01% (3.10 points)Nasdaq Composite: 10,970.99, down 2.04%Here's what else is happening today:In commodities, bonds and crypto:

☆ Wall Street is debating whether the bear market still has legs
▼ + stars: | 2022-10-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

So far, results from the big Wall Street banks have been mixed, with JPMorgan and Citigroup beating but Morgan Stanley falling short of forecasts. He told CNBC on Friday that Thursday's wild reversal wasn't just a bear market rally and could be the start of a new upswing. "We are, in my opinion, coming to the end of this bear market," Scaramucci told CNBC on Friday. Is the stock market poised for a sustainable uptrend or still teasing with bear market rallies? But the stock market isn't out of the woods yet as there could be more pain in the short-term.

☆ Here's where stocks and inflation could be headed next after the market's stunning reversal
▼ + stars: | 2022-10-14 | by ( Jason Ma | ) www.businessinsider.com time to read: +7 min

Analysts at Barclays raised their forecasts on Fed rate hikes in December and February to 75 and 50 basis points, respectively. Any relief rally that takes hold in the stock market could send the S&P 500 to its first big resistance test around 3,914, Stockton added. High inflation reports could become the norm after more than a decade of sub-2% inflation readings, according to Bank of America. That's because underinvestment in energy production, sticky wage inflation, and aging demographics are set to drive structural inflation for years to come. There's reason to believe the stock market is close to its low point, according to RBC.

☆ Here's how to play the bear market - and when to know it's safe buy again
▼ + stars: | 2022-10-13 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Investors should brace for a 5% stock market decline if the reading comes in above 8.3%, JPMorgan's trading desk said in a note this week. The stock market could continue to tumble in the face of rising inflation and a recession. Investors should wait to get bullish on the falling stock market as inflation and rate-hike concerns continue to roil the valuation norms of the past two decades, according to Bank of America. Has the stock market found a bottom yet? US stock futures rise early Thursday, ahead of the eagerly awaited US inflation data due later this morning.

☆ Here's the outlook for corporate financial results as the worsening global economy is poised to lift the US dollar higher
▼ + stars: | 2022-10-12 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Good morning, this is Jason Ma and today's edition highlights the outlook for corporate financial results as the US dollar rises. Here's what a strong dollar means for stocks as earnings season heats up. If the reading tops 8.3%, then expect the stock market to sell off by 5%, the bank's trading desk said. But readings below 8.1% could spark some big gains for the stock market. How has the strong dollar affected your portfolio?

☆ As the 3rd-quarter reporting season begins, markets are bracing for signs of a recession that could send stocks into a deeper bear market
▼ + stars: | 2022-10-11 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

The Fed's aggressive tightening is setting off more warnings about a recession and fallout for the stock market. Ahead of JPMorgan's quarterly report, CEO Jamie Dimon said the economy is on the verge of a recession, and the stock market could fall another 20%. But most importantly, it's Russia's war against Ukraine that is most unsettling to markets and poses a great risk. Meanwhile, billionaire hedge fund manager Paul Tudor Jones said a "recession playbook" could see stocks fall 10% further. PayPal stock fell after a botched roll-out of an acceptable use policy update that included big fines for the promotion of misinformation.

☆ Dow plunges 485 points to hit new closing low for the year as interest rate and recession fears roil markets
▼ + stars: | 2022-09-23 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks tumbled again on Friday, with the Dow plunging more than 500 points. Markets continued to reel from the Fed's rate hike and hawkish forecasts earlier in the week. US oil prices sank below $80 a barrel as recession fears rose and the dollar hit a fresh 20-year high. That underscored fears that a wave of rate hikes this week from the Federal Reserve and other central banks will snuff out economic growth. For the week, the Dow lost 4.5%, the S&P 500 gave up 5.2%, and the Nasdaq tumbled 5.5%.

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