Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.
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What you need to know on Wall Street today
Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.
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The Federal Reserve will release a statement on its latest policy decision and opinions on the economy on Wednesday.
charts shed light on the Fed’s mysterious $4.5 trillion portfolio. up to date with the latest news from the Fed here
raders are loading up on bets against the world's "most levered real estate developer."
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A $59 billion investor just issued a dire warning about the retail apocalypse. Super-rich private equity stars are upset about their "lousy" reputation. business leaders have gotten used to ignoring Trump. And largest municipal bankruptcy in US history.
JPMorgan is moving hundreds of London bankers to Dublin, Frankfurt and Luxembourg because of Brexit. The CEO of Barclays is in a dispute with a $130 billion investment giant.
David Einhorn says Tesla is a bubble stock — but it's always been that way. Traders betting against Tesla have lost more than those betting against Apple, Amazon, and Netflix combined. In related news, the SEC is reportedly investigating Tesla's solar business.
Ferrari is going to be boosted by "super margin cars," according to UBS. And here's the futuristic supercar designed to defeat Ferrari.
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There's a bunch of tech news. Here goes:
- GENE MUNSTER: Tesla is the next Apple
- Apple stock drops after it misses on revenue, signals softness ahead
- Apple is giving another $50 billion back to shareholders after a lackluster quarter
- Apple dethrones Exxon to become the world's dividend king
- Here's what Wall Street analysts are saying about Apple's results
- Wall Street is on the hunt for Facebook's next cash cow
- How Cisco bought a $900 million startup for just $610 million
- Twilio CEO points to Uber as cause of its disappointing financial outlook
- Etsy tanks after announcing a new CEO, flat earnings, and job cuts
- New York Times has "the single best quarter for subscriber growth" in its history
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