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A US debt default could spark mass unemployment, payment failures, and catastrophe that would raise interest rates 'into perpetuity,' Treasury Secretary Janet Yellen warns

Tue, 04/25/2023 - 13:41

Tech Insider

Treasury Sec. Janet Yellen — U.S. Treasury Secretary Janet Yellen speaks during a news conference at the IMF and World Bank Annual Meetings at IMF headquarters, October 14, 2022 in Washington, DC.
Drew Angerer/Getty Images

Markets, MI Exclusive, US debt ceiling, US debt limit, debt default, Debt Deal, Default Risk

Biden vows to veto the GOP bill to raise the debt ceiling if it makes it to his desk, saying it would cost Americans 780,000 jobs while stripping them of food assistance and student-debt relief

Tue, 04/25/2023 - 12:55

Tech Insider : Economy, Politics

economy, politics, Policy, Debt Ceiling, Biden, OMB, Kevin McCarthy

Larry Summers says the Fed has inflation on the ropes, calls out crypto frauds, and bemoans the debt-ceiling fiasco. Here are the ex-Treasury chief's 12 best quotes from a new interview.

Fri, 04/21/2023 - 07:18

Tech Insider : Crypto

Markets, MI Exclusive, Stocks, Larry Summers, US Treasury, US Markets and Economy, Inflation

US foreclosure filings jump 22%, and repossessions hit highest level in 3 years

Wed, 04/19/2023 - 13:48

Tech Insider : Economy

Two movers carry a sofa into a moving truck parked out front of a large white house. — Luxury single-family homes in the top 20 US markets and with modest footprints between 2,500 and 3,500 square feet sold 18.6% faster between April and August 2022 than big homes between 4,500 and 5,000 square feet, according to a report by Coldwell Banker.
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Markets, MI Exclusive, Housing Market, Foreclosure, Unemployment, Default, economy

How the Fed is reshaping the labor market and why the nature of work is shifting, according to LinkedIn’s principal economist

Sat, 04/15/2023 - 07:10

Tech Insider

Good morning. I'm Phil Rosen. Today's newsletter may not include a job offer, but it will give you a better grasp of what to look for in this still-hot labor market.

I'm excited to share this week's conversation with one of the leading experts on jobs and hiring trends.

Markets, 10 things, 10 things opening bell, Newsletter, linkedin, Economist, Labor Market

LinkedIn's top economist explains the AI trend that could mark a tipping point - and the under-the-radar labor market shifts unfolding now

Sat, 04/15/2023 - 06:30

Tech Insider : Economy, Technology

Guy Berger, LinkedIn Head of Macroeconomics — Guy Berger, LinkedIn's head of macroeconomics
LinkedIn

Markets, MI Exclusive, linkedin, Economics, Labor Market, economy, Jobs

The Fed's own economists predict a mild recession later this year – and expect a recovery to take 2 years

Thu, 04/13/2023 - 07:26

Tech Insider

jerome powell — Fed Chair Jerome Powell.
Yuri Gripas/Reuters

Markets, MI Exclusive, Fed, fed inflation, Fed Minutes, Interest Rates, rising interest rates

March CPI and the Fed's next steps in its inflation battle: Everything to know

Wed, 04/12/2023 - 06:00

Tech Insider

Well, well, well if it isn't another CPI day. Phil Rosen here — March's inflation report is due at 8:30 a.m. ET today.

Here's how FactSet data predicts things to shake out:

Markets, Newsletter, 10 things, 10 things opening bell, Fed, Federal Reserve, BlackRock

Nobel economist Paul Krugman says this is the best job market in decades, and the Fed doesn't need high unemployment to bring down inflation

Tue, 04/11/2023 - 08:34

Tech Insider

Hiring sign labor market coronavirus — People walk by a Help Wanted sign in the Queens borough of New York City on June 04, 2021 in New York City.
Spencer Platt/Getty Images

Markets, MI Exclusive, Unemployment, Recession, Labor Force, fed interest rates, interest rate outlook

Here's why people shouldn't freak out yet about losing their jobs to AI automation

Mon, 04/10/2023 - 16:08

Tech Insider

Robot painting picture — Economics writer Noah Smith talked about why we should freak out—yet— about AI automating our jobs.
OpenAI

Markets, MI Exclusive, US debt ceiling, US debt limit, debt default, Debt Deal, Default Risk

economy, politics, Policy, Debt Ceiling, Biden, OMB, Kevin McCarthy

Markets, MI Exclusive, Stocks, Larry Summers, US Treasury, US Markets and Economy, Inflation

Markets, MI Exclusive, Housing Market, Foreclosure, Unemployment, Default, economy

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Markets, MI Exclusive, linkedin, Economics, Labor Market, economy, Jobs

Markets, MI Exclusive, Fed, fed inflation, Fed Minutes, Interest Rates, rising interest rates

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Markets, MI Exclusive, Unemployment, Recession, Labor Force, fed interest rates, interest rate outlook

Tech Insider, Generative AI, AI, Jobs, Unemployment