The US debt mountain is growing so fast the government could soon be spending more on interest payments than on defense

Tech Insider : Economy, Economy
U.S. President Joe Biden pauses during a meeting with Israeli Prime Minister Benjamin Netanyahu to discuss the war between Israel and Hamas, in Tel Aviv, Israel, Wednesday, Oct. 18, 2023. (Miriam Alster/Pool Photo via AP)
US President Joe Biden met with Israeli Prime Minister Benjamin Netanyahu in Tel Aviv this week.

Miriam Alster/Pool Photo via AP

The long, brutal reign of Wall Street's private-equity kings is over

Tech Insider : Economy
A business man in a coffin with money floating away from him
Private equity saw a decade-long boom, but in recent years both the market and American society have turned on Wall Street's buyout kings.

iStock; Rebecca Zisser/BI

Elon Musk privately told bankers they won't lose money on the Twitter deal. But banks are already expected to lose at least $2 billion.

Tech Insider
Elon Musk
Elon Musk has called the strike action from Swedish workers "insane."

Slaven Vlasic/Getty Images

Elon Musk is cracking under the pressure of the biggest gamble he's ever taken in his life

Tech Insider
As Elon Musk's face reddens, the stacks of cash surrounding him start to disappear
Elon Musk's chaotic behavior is a sure sign that his luck has turned for the worse.

Arantza Pena Popo/ Business Insider

Elon Musk was on a heater.

A record 8.5 million Chinese borrowers are now blacklisted for not paying their debts, a report says. They're feeling the same financial pressures as Americans.

Tech Insider : Economy, Economy
new york foreclosure
A record number of Chinese borrowers are officially blacklisted after failing to pay their debts.

REUTERS/Shannon Stapleton

It's never been harder to build wealth. Blame high interest rates and the US housing market.

Tech Insider : Economy
The housing market has been pushed out of reach for some Americans by sky-high mortgage rates.
The housing market has been pushed out of reach for some Americans by sky-high mortgage rates.

Getty Images

Billionaire investor Jeff Greene reveals his key bets as recession fears mount - and swears by 2 of Warren Buffett's lessons

Tech Insider
Jeff Green wearing a suit and tie while speaking into a microphone with his fighter raised in a room with an American flag and a leafy green plant.
Jeff Greene.

Chris O'Meara/AP

China's latest stimulus effort unintentionally creates chaos in its financial markets as short-term rates hit 50%

Tech Insider
Xi Jinping
Chinese President Xi Jinping

Reuters/Pool

High inflation may linger for decades with wars set to usher in an era of deglobalization, billionaire investor Ken Griffin says

Tech Insider : Economy, Economy
Photo of Citadel founder Ken Griffin
Citadel founder Ken Griffin.

Patrick Fallon/AFP/Getty Images

Americans notched the biggest annual increase in credit card debt on record last quarter

Tech Insider : Economy, Economy
credit cards

Joe Raedle/Getty Images

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