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Corporate America got woke. Now it's having second thoughts.

Thu, 05/09/2024 - 05:57

Tech Insider : Economy

Businessman in suit gesturing 'shhh', with a background collage featuring action protests and the 'Woke' definition — Anna Moneymaker/Getty Images; Alyssa Powell/BI

economy, Markets, Discourse, Tech, Sustainability, woke, Anti-woke

Saudi Arabia's $100 billion AI and semi-chip fund says it will divest from China if the US asks

Wed, 05/08/2024 - 12:34

Riyadh skyline Saudi Arabia — Abdullah Al-Eisa/ Getty Images

Tech, Markets, China, artificial-intellegence, ai-investing, saudi-arabia, public-investment-fund-of-saudi-arabia

Bankruptcies are spiking as companies lose hope of rate cuts

Wed, 05/08/2024 - 10:36

Tech Insider : Economy

Recession outlook, going out of business, economy — The US economy is showing resilience, but experts warn a recession is still on the table.
Robert Alexander / Getty

economy, Markets, corporate-bankruptcy, recession-outlook-2024, fed-interest-rates, interest-rate-cut, monetary-policy

The US dollar is so strong that China's central bank, among others, just keeps loading up on gold

Wed, 05/08/2024 - 05:39

Tech Insider : Economy, Economy

gold buyers necklaces china — Robust Chinese gold buying has sent prices of the precious metal to record highs.
Reuters

economy, Markets, News, economy, Markets, Gold, central-bank

Reddit shares soar after company reports strong first-ever earnings with record user traffic

Tue, 05/07/2024 - 17:04

Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell setting the share price at $47 in its initial public offering on March 21, 2024 in New York City. — Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell setting the share price at $47 in its initial public offering on March 21, 2024 in New York City.
Spencer Platt/Getty Images

Tech, News, Markets, Reddit, rddt, social-media, AI

A 'proper' economic downturn is looming, which could trigger steep rate cuts as soon as this year, economist says

Tue, 05/07/2024 - 14:23

Tech Insider : Economy

In this photo taken while zooming with a slow shutter speed Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec.

economy, Markets, recession-outlook-2024, downturn, fed-rate-cuts, downturns, fed-pivot

What earnings beat? Disney's streaming slowdown is all anyone on Wall Street cares about

Tue, 05/07/2024 - 14:08

Disney

NurPhoto / Getty

Media, Markets, disney, disney-stock, disney-stock-price, disney-earnings, Earnings

Interest rates still might not be high enough to quell inflation, Minneapolis Fed president says

Tue, 05/07/2024 - 13:53

Tech Insider : Economy

Minneapolis Fed President Neel Kashkari speaks during an interview at Reuters in New York February 17, 2016. REUTERS/Brendan McDermid — Minneapolis Fed President Neel Kashkari speaks during an interview at Reuters in New York
Thomson Reuters

economy, Markets, neel-kashkari, fed-inflation, interest-rates, fed-rate-cuts, fed-rate-hikes

A soft landing will be tough to achieve, and inflation has hit lower-income Americans hard, Citi CEO Jane Fraser says

Tue, 05/07/2024 - 11:58

Tech Insider : Economy

jane fraser milken institute panel — Patrick T. Fallon/Getty Images

economy, Markets, soft-landing, fed-inflation, fed-rate-cuts, fed-rate-hikes, jane-fraser

An ultra-rare Magic: The Gathering card just sold for a record $3 million

Tue, 05/07/2024 - 09:55

Magic The Gathering Black Lotus — The Black Lotus Magic: The Gathering Card is among the rarest and most sought-after among collectors.
YouTube/openboosters

Retail, Markets, mi-exclusive, magic-the-gathering, playing-cards, Collectibles, Markets

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