An $11 trillion wealth wipeout has set the world back for the first time since 2008, thanks to a trifecta of high inflation, interest rates, and currency declines

Tech Insider : Economy
FILE PHOTO - U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration
U.S. dollar notes are seen in this picture illustration

Reuters

10 reasons why the recession that Wall Street predicted to death never showed up

Tech Insider
This is a photo of a US $100 bill with a red arrow pointing downwards in front of it.
The stock market could continue to tumble in the face of rising inflation and a recession.

sefa ozel/Getty Images

More than 50,000 US retail stores are expected to close in the next 5 years as e-commerce and rising costs push smaller shops out of business

Tech Insider
Store closing
Specialty retailers are expected to see the most closures, with clothing stores and consumer electronics making up nearly half of the projected 50,000 total.

AP

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