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Mortgage rates spike above 7% for the first time this year as the market adjusts to delayed Fed cuts

Thu, 04/18/2024 - 14:54

Tech Insider

Homebuyers signing a mortgage. — Homebuyers signing a mortgage.
Getty Images

Real Estate, Markets, real-estate, homebuying, housing-market, cre, commercial-real-estate

Commercial real estate foreclosures have spiked 117% over the past year

Thu, 04/18/2024 - 14:31

Tech Insider

skyscrapers — Shutterstock/Getty Images

Real Estate, Markets, commercial-real-estate-market, care-credit, office-building-debt, office-vacancy, foreclosures

The world's largest chipmaker just issued a warning that the industry's red-hot growth could slow

Thu, 04/18/2024 - 13:07

Tech Insider : Economy

Taiwan Semiconductor Manufacturing Company TSMC booth at 2023 World Semiconductor Conference — VCG/VCG via Getty Images

economy, Markets, TSMC, AI, semiconductor-industry, semiconductor, taiwan-semiconductor

Mark Zuckerberg overtakes Elon Musk as the world's 3rd-richest person as their companies' stocks go in opposite directions

Thu, 04/18/2024 - 11:33

Tech Insider

Mark Zuckerberg (left) and Elon Musk (right) — &quotThe internet is fickle," Nierman told BI.
JOSH EDELSON/Getty Images; Nathan Howard/Getty Images

Tech, Markets, elon-musk, mark-zuckerberg, stock-market, tesla, meta-platforms

Fed officials cast more doubt on the timing of rate cuts this year

Thu, 04/18/2024 - 10:47

Tech Insider : Economy

Powell — Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.
Reuters/Joshua Roberts

economy, Markets, fed-rate-cuts, fed-rate-cuts-outlook, fed-rate-cuts-2024, fed-policy, us-inflation-outlook

The US's blowout debt burden is one piece of a global problem, IMF warns

Thu, 04/18/2024 - 08:49

Tech Insider : Economy

us debt levels — Osaka Wayne Studios/Getty Images

economy, Markets, us-debt, us-debt-default, global-economy, fiscal-spending, us-deficit

Maybe Elon Musk shouldn't have quite so many jobs

Wed, 04/17/2024 - 12:31

Tech Insider

Elon Musk collage with his face and US currency — Elon Musk runs lots of different companies, not just Tesla. But will investors be OK with that as Tesla's stock falls?
ODD ANDERSEN/AFP via Getty Images; Chelsea Jia Feng/BI

Transportation, Tech, Markets, Tech, tesla, twitter, x

The US freight recession keeps getting deeper

Wed, 04/17/2024 - 11:57

Tech Insider : Economy

JB Hunt On Ohio Turnpike — DangApricot / Wikimedia

economy, Markets, freight-recession, jb-hunt, Transportation, Shipping, Recession

There are 3 reasons the US hasn't seen a recession yet, according to top economist David Rosenberg

Wed, 04/17/2024 - 11:56

Tech Insider : Economy

recession outlook — Peter Zelei Images/Getty Images

economy, Markets, Recession, us-economy-and-markets, us-markets, david-rosenberg, government-spending

Saudi Arabia's $500 billion Neom megacity is reportedly seeking new sources of cash

Wed, 04/17/2024 - 11:46

Tech Insider

Sindalah, Neom — Sindalah is one part of the Neom project.
NEOM

finance, Tech, finance, Markets, Tech, saudi-arabia, neom

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