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Stocks will drop, soaring US debt is worrying — and Elon Musk is overpaid, says elite investor Leon Cooperman

Wed, 02/07/2024 - 08:21

Tech Insider : Economy

Markets, economy, mi-exclusive, Markets, Stocks, leon-cooperman, omega-advisors

From hiking in the Alps to snorkeling in Hawaii, it's never been a better time to be a DINK

Wed, 02/07/2024 - 05:23

Tech Insider : Economy

A couple drinks wine while a couple with kids walks past — More and more Americans see being a DINK as the key to a new American dream of financial stability, freedom of choice, and a comfortable retirement.
Andrea Chronopoulos for BI

Elizabeth Johnson and her husband hit the vacation circuit hard in 2023.

economy, Discourse, Parenting, Education, Careers, Markets, News

Investors are hoping the power of Xi's personal attention will rescue China's floundering markets

Wed, 02/07/2024 - 02:53

Tech Insider : Economy, Economy, Politics

Chinese President Xi Jinping waves — Chinese President Xi Jinping.
REUTERS/Brittany Hosea-Small

economy, Markets, China, economy, Markets, politics, News

Younger Americans are falling behind on credit card and car payments, New York Fed says

Tue, 02/06/2024 - 14:57

Tech Insider : Economy, Economy

Total consumer debt swelled to $17.5 trillion in Q4, a $212 billion jump from the previous quarter.
Delinquencies are rising among younger borrowers in particular, the New York Fed said.
Younger borrowers have surpassed pre-pandemic levels of credit card delinquencies.

Younger Americans are falling behind on paying credit card and auto loans, with the rate of late payments rising above pre-pandemic levels in the last quarter, the New York Federal Reserve said in a report.