A third of Gen Z and millennial homebuyers plan to use family money for a down payment amid sky-high housing costs

Tech Insider
Homebuyers have to earn 80% more than they did pre-covid to comfortably afford a house today.
Homebuyers have to earn 80% more than they did pre-covid to comfortably afford a house today.

Getty Images

The inventor of a famed recession indicator says many state-level warning signs are less dire when you factor in immigration

Tech Insider : Economy
Unemployment, job fair
People wait in line to enter a job fair in New York.

Shannon Stapleton/Reuters

Ships carrying Russian diesel are idling off of Brazil in the latest hold-up for Moscow's energy flows

Tech Insider : Economy
  • 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. 

Tankers loaded with millions of barrels of diesel are drifting along the coast of Brazil, Bloomberg reports, the latest delay in Russia's oil shipments amid the West's sanctions. 

The Fed could cut rates 5 times in 2025 with the US economy bound to slow, chief economist says

Tech Insider : Economy
GettyImages 1228671071
Jerome Powell stressed that the Fed would maintain support for the economy.

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China's industrial push risks destabilizing the global economy and watering down green-energy exports, Janet Yellen warns

Tech Insider : Economy
Janet Yellen
Treasury Secretary Janet Yellen speaks to reporters during her trip to China.

Pedro Pardo/AFP/Getty Images

We're entering the age of AI BS

Tech Insider
A sparkling cardboard robot

iStock; BI

What everyone's getting wrong about the housing market

Tech Insider : Economy, Economy
Photo illustration of a house with a for sale sign and alarm.
While it may be uncomfortable right now, there's a good chance that homebuyers' prospects won't get better anytime soon.

twomeows/Getty Images; Jenny Chang-Rodriguez/BI

A Fed rate cut could actually mean bad news for stocks, analyst says

Tech Insider : Economy
Fed Chair Jerome Powell
U.S. Federal Reserve Board Chairman Jerome Powell speaks at a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. The Federal Reserve announced today that interest rates will remain unchanged.

Win McNamee/Getty Images

Why investors aren't betting against Trump's Twitter clone — yet

Tech Insider
Former President Donald Trump speaks during a press conference at 40 Wall Street after a pre-trial hearing on March 25, 2024 in New York City
Donald Trump's social media company has soared so far on the stock market.

Michael M Santiago/GettyImages

There's no reason why the Fed should cut rates right now, JPMorgan market strategist says

Tech Insider : Economy, Economy
Jerome Powell
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on July 26, 2023 at the Federal Reserve in Washington, DC. The Federal Reserve announced that it will raise the interest rate by a quarter of a percentage point, bringing the benchmark borrowing rate to a range of 5.25% and 5.5%.

Alex Wong/Getty Images

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