Europe's central bank cuts interest rates for first time in 5 years

Tech Insider : Economy, Economy
Christine Lagarde.
Christine Lagarde, the president of the European Central Bank.

Reuters

Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says

Tech Insider
The entrance of a building with the FDIC logo on the floor.
An FDIC supervisor invited his staff to a strip club, according to a recent report from The Wall Street Journal.

Anadolu Agency

Goldman's Beth Hammack has a new job: Cleveland Fed president

Tech Insider
The exterior of the Federal Reserve Building.
Federal Reserve Bank building

Alex Wong/Getty Images

Denmark has the solution to America's broken housing market

Tech Insider : Economy
House with Danish flag flying in the sunlight, while next door, a house with an American flag is being rained on
Millions of Americans are trapped in their homes thanks to rising mortgage rates. But a genius rule lets Danish homeowners dodge the lock-in effect.

Getty Images; Alyssa Powell/BI

The typical home loan in America is a gift. It's also a trap.

More people will never own a home — they're the 'forever renters'

Tech Insider : Economy, Economy
Man pushing house against a trending arrow with money falling out

Getty Images; Alyssa Powell/BI

Some college graduates only need to make a $50,000 salary for a decade for their degrees to be worth it

Tech Insider : Economy, Economy
student debt
Some public university graduates only need to earn $50,000 for a decade to make college worth it.

Andrew Burton/Reuters

Recession will strike this year with 21 states flashing red already, top economist says

Tech Insider : Economy, Economy
deglobalization recession downturn inflation
The economy will sink into recession by the end of the year, says Piper Sandler's top economist.

Getty Images

Recession is still a real threat, Jamie Dimon and David Solomon warn

Tech Insider : Economy, Economy
Jamie Dimon
JPMorgan CEO Jamie Dimon.

Tom Williams/CQ-Roll Call, Inc via Getty Images

Recession is coming — and a raft of companies will fail, warns elite investor Jeffrey Gundlach

Tech Insider : Economy, Economy
Jeffrey Gundlach
DoubleLine Capital CEO Jeffrey Gundlach.

CNBC/Getty Images

Don't feel bad for Gen Z and millennials — they'll work less and live longer, Jamie Dimon says

Tech Insider : Economy, Economy
jamie dimon
JPMorgan CEO Jamie Dimon.

REUTERS/ Larry Downing

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