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The 'phantom debt' of buy now, pay later is growing and will soon hit some Americans hard

Wed, 01/10/2024 - 12:39

Tech Insider : Economy

A home Depot employee moves a TV on Black Friday. — BNPL plans can lower the burden of big purchases, but come with big risks.
Boston Globe via Getty Images

economy, buy-now-pay-later-bnpl, consumer-spending, us-economy-and-markets, consumer-debt, warren-buffett, wells-fargo

Don't count on the Fed slashing rates given the inflation 'rollercoaster' risk, warns BlackRock

Tue, 01/09/2024 - 10:44

Tech Insider : Economy, Economy

BlackRock is the world's biggest money manager.

Leonardo Munoz/VIEWpress

economy, Markets, mi-exclusive, Markets, economy, us-economic-outlook, interest-rates

The Fed will slash rates 6 times this year as recession spreads across the US and the job market deteriorates, market veteran says

Mon, 01/08/2024 - 11:20

Tech Insider : Economy

Fed Chair Jerome Powell — Federal Reserve Board Chairman Jerome Powell.
Alex Wong/Getty Images

economy, Markets, fed-rate-cuts, fed-rate-cuts-2024, fed-rate-cuts-forecast, Recession, recession-2024

The great Rolex recession is here: How the Fed crushed the luxury-watch boom

Sat, 12/30/2023 - 04:19

Tech Insider : Economy

Rolex Milgauss — Rolex

economy, Markets, watches, luxury-watches, Stocks, federal-reserve, interest-rates

Slashing interest rates won't reignite inflation - and delaying could spark a recession, Nobel economist Paul Krugman says

Tue, 12/19/2023 - 08:15

Tech Insider : Economy, Economy

paul krugman conference — Paul Krugman.
Arun Sharma/Hindustan Times via Getty Images

economy, economy, paul-krugman, nobel-prize-in-economics, new-york-times, us-economy-and-markets, Inflation

China's structural problems mean growth will continue to sag as 'negative animal spirits' move it in the opposite direction as the US, Goldman Sachs president says

Wed, 12/13/2023 - 14:34

Tech Insider : Economy

wet market china — This picture taken on June 25, 2015 shows a worker waiting in a seafood stall in the Wanchai wet markets in Hong Kong, China.
Isaac Lawrence/AFP/Getty

economy, Markets, china-economy, china-economic-outlook, china-economic-growth, china-deflation, china-stimulus

A veteran economist just echoed Elon Musk and Michael Burry's warning that Americans are drowning in credit-card debt - and he says the economy will pay the price

Thu, 12/07/2023 - 08:22

Tech Insider : Economy, Economy

Michael Burry and Elon Musk — Michael Burry (left) and Elon Musk.
Getty

economy, economy, us-economy-and-markets, consumer-spending, Inflation, Recession, interest-rates

'Rich Dad Poor Dad' author warns exploding US debt will fuel inflation and crush the dollar

Thu, 12/07/2023 - 05:54

Tech Insider : Economy, Economy

"Rich Dad Poor Dad" author Robert Kiyosaki.
The Rich Dad Channel/YouTube

economy, economy, us-economy-and-markets, robert-kiyosaki, rich-dad-poor-dad, Inflation, Recession

It's never been harder to build wealth. Blame high interest rates and the US housing market.

Sat, 11/25/2023 - 08:31

Tech Insider : Economy

The housing market has been pushed out of reach for some Americans by sky-high mortgage rates. — The housing market has been pushed out of reach for some Americans by sky-high mortgage rates.
Getty Images

economy, Markets, mi-exclusive, Wealth, housing-market, us-economy-and-markets, wealth-inequality

Warren Buffett is piling up cash because he sees a storm brewing and can't find bargains, wealth manager says

Fri, 11/17/2023 - 08:37

Tech Insider

warren buffett — Warren Buffett.
REUTERS/Rick Wilking

Markets, mi-exclusive, Markets, Stocks, warren-buffett, berkshire-hathaway, stock-portfolio

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