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Tesla's stock price jumped 10% in Monday's premarket as traders reacted to Elon Musk's China trip. Musk seems to have won key support for rolling out Tesla's autonomous driving technology in China. The news looks like a "home run" for the electric car maker, Wedbush's Dan Ives said. Thanks for signing up! Access your favorite…

Investors should be wary of coming Fed rate cuts, Black Swan investor Mark Spitznagel warned. That's because the Fed is only cutting rates in response to a weakening economy, Spitznagel told Reuters last week. The US could see a recession and major stock crash before rates head lower, he predicted. Thanks for signing up! Access…

Meta shares plunged as much as 15% in premarket trading, dragging US futures lower. Investors weren't convinced by Mark Zuckerberg's plan to keep spending tens of billions on AI. Meta also posted lackluster revenue guidance as part of its first-quarter earnings report. Thanks for signing up! Access your favorite topics in a personalized feed while…

The government's soaring debt balance poses problems for the US economy. Those include higher inflation, greater market volatility, and a lower quality of life for Americans. Slowing the pace of borrowing is critical for the future, economists told Business Insider. Thanks for signing up! Access your favorite topics in a personalized feed while you're on…

Market chaos could come next year if the US doesn't adjust its fiscal path, Joao Gomes told CNBC. The Wharton professor pointed to the UK mini-budget crisis as a warning. The US can't afford to extend tax cuts next year, he said. Thanks for signing up! Access your favorite topics in a personalized feed while…

Stellar stock-market returns have boosted Americans' retirement account balances.  The number of 401(k) millionaires is up and average account balances are the highest in two years. Sources caution anyone thinking about retirement not to get complacent and plan ahead if they want to tap their gains.  Thanks for signing up! Access your favorite topics in…

The Fed's interest rate forecasts signal an imminent recession, economist David Rosenberg says. In previous soft landings, the Fed usually cut rates by 75 basis points, but they're forecasting a 150 basis-point reduction by 2025. Stock investors are eagerly awaiting the central bank's pivot to looser monetary policy.  Thanks for signing up! Access your favorite…

Over 3.7 million barrels of Russian diesel are sitting on ships idling in waters near Brazil, Bloomberg reports.  Though reasons are unclear, it marks the latest delay in Russian energy flows amid sanctions.  More Russian ships bound for Brazil are veering off course from their expected routes.  Thanks for signing up! Access your favorite topics…

Global warming and extreme heat will drive inflation higher, a new study says. In the next decade, climate change could bump up food inflation by as much as 3.23% per year and headline inflation by as much as 1.18%. "A worst-case emission scenario would cause pressures on food inflation exceeding 4% [per year] across large…

Officials in Beijing are pushing Chinese banks to rush loan approvals for property developers stuck in a prolonged downturn, according to Reuters. China's real estate woes over the last year have spurred concerns of an impending "Lehman moment" amid slumping property values, declining homebuyer sentiment, and a backlog of unfinished construction projects. In February, home prices declined…