Markets

Most recent stories in Markets

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  Business Insider

  

  3 hours ago

  US oil production will keep booming in 2024, setting up a possible showdown with Saudi Arabia

  Business Insider - Aruni Soni

  US oil production is having a blockbuster year, and 2024 could see fresh highs, putting more pressure on Saudi Arabia to regain control over crude prices. Analysts at Rapidan Energy estimate US output will average 13.3 million barrels a day next year, up from 2023's average of 13 million and above …

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  Business Insider

  

  3 hours ago

  An investing veteran who called today's stock market a 'speculative orgy' explains why he thinks investors are being set up to fail in the next decade

  Business Insider - Jennifer Sor

  The stock market is in the middle of the greatest "speculative orgy" seen in decades. That spells trouble for investors, who are being set up to fail by betting on the S&P 500 to continue its monster rally. That's according to Bill Smead, a more than 40 year investing veteran and the chief …

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  Business Insider

  

  3 hours ago

  A New York City finance CEO explains why his company and all of its staff relocated to Miami

  Business Insider - Phil Rosen

  There's a debate brewing about the future of New York City as the financial center of the world — and over which city could replace it. While Manhattan is home to Wall Street and its mainstays, a question has come up in recent years as to whether the longstanding finance capital is destined to shift …

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  Business Insider

  

  5 hours ago

  Investing icon Charlie Munger hailed Costco, slammed crypto, and ridiculed Russia in one of the last interviews of his life. Here are the 20 best quotes.

  Business Insider - Theron Mohamed

  Charlie Munger discussed everything from Costco and crypto to Russia and architecture in one of his final interviews, released this week. The legendary investor, who served as Warren Buffett's business partner and Berkshire Hathaway's vice-chairman for over four decades, died last week at age 99. …

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  Business Insider

  

  19 hours ago

  US stocks rise even as bond yields jump after strong labor market data

  Business Insider - Aruni Soni

  US stocks rose on Friday as markets digested a strong jobs report that tested convictions of imminent rate cuts from the Federal Reserve. The November data showed 199,000 jobs were added to the US economy, compared to 150,000 in October, while unemployment slipped to 3.7% from 3.9% the month before. …

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  Business Insider

  

  19 hours ago

  Here's how much oil the US is buying to refill the depleted emergency reserve

  Business Insider - Filip De Mott

  The US issued a new solicitation to purchase up to 3 million barrels of oil for March, in an effort to keep replenishing the Strategic Petroleum Reserve. SPR levels continue to stand near 40-year lows, currently holding 352 million barrels of oil. The emergency stockpile was tapped at historic rates …