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Mark Zuckerberg overtakes Elon Musk as the world's 3rd-richest person as their companies' stocks go in opposite directions

Thu, 04/18/2024 - 11:33

Mark Zuckerberg (left) and Elon Musk (right) — &quotThe internet is fickle," Nierman told BI.
JOSH EDELSON/Getty Images; Nathan Howard/Getty Images

Tech, Markets, elon-musk, mark-zuckerberg, stock-market, tesla, meta-platforms

Fed officials cast more doubt on the timing of rate cuts this year

Thu, 04/18/2024 - 10:47

Tech Insider : Economy

Powell — Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.
Reuters/Joshua Roberts

economy, Markets, fed-rate-cuts, fed-rate-cuts-outlook, fed-rate-cuts-2024, fed-policy, us-inflation-outlook

The US's blowout debt burden is one piece of a global problem, IMF warns

Thu, 04/18/2024 - 08:49

Tech Insider : Economy

us debt levels — Osaka Wayne Studios/Getty Images

economy, Markets, us-debt, us-debt-default, global-economy, fiscal-spending, us-deficit

Maybe Elon Musk shouldn't have quite so many jobs

Wed, 04/17/2024 - 12:31

Elon Musk collage with his face and US currency — Elon Musk runs lots of different companies, not just Tesla. But will investors be OK with that as Tesla's stock falls?
ODD ANDERSEN/AFP via Getty Images; Chelsea Jia Feng/BI

Transportation, Tech, Markets, Tech, tesla, twitter, x

The US freight recession keeps getting deeper

Wed, 04/17/2024 - 11:57

Tech Insider : Economy

JB Hunt On Ohio Turnpike — DangApricot / Wikimedia

economy, Markets, freight-recession, jb-hunt, Transportation, Shipping, Recession

There are 3 reasons the US hasn't seen a recession yet, according to top economist David Rosenberg

Wed, 04/17/2024 - 11:56

Tech Insider : Economy

recession outlook — Peter Zelei Images/Getty Images

economy, Markets, Recession, us-economy-and-markets, us-markets, david-rosenberg, government-spending

Saudi Arabia's $500 billion Neom megacity is reportedly seeking new sources of cash

Wed, 04/17/2024 - 11:46

Sindalah, Neom — Sindalah is one part of the Neom project.
NEOM

finance, Tech, finance, Markets, Tech, saudi-arabia, neom

Russia will grow faster than the US and all other advanced economies this year, the IMF says

Wed, 04/17/2024 - 10:02

Tech Insider : Economy

Vladimir Putin. — Russia's President Vladimir Putin.
Artem Geodakyan/POOL/AFP via Getty Images

economy, Markets, russia-economy, vladimir-putin, russia-sanctions, Western, Moscow

The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates

Wed, 04/17/2024 - 03:36

Tech Insider : Economy, Economy

US Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on January 31, 2024 in Washington, DC. — US Federal Reserve Board Chairman Jerome Powell.
Anna Moneymaker/Getty Images

economy, Markets, News, economy, jerome-powell, interest-rates, Inflation

The freefall in China's home prices continued in March as Beijing struggles to stem real estate crisis

Tue, 04/16/2024 - 12:05

Local residents look at a model of a Poly Real Estate Group housing project at a real estate showroom on May 25, 2023 in Sanya, Hainan Province of China. — Local residents look at a model of a Poly Real Estate Group housing project at a real estate showroom on May 25, 2023 in Sanya, Hainan Province of China.
VCG/Getty Images

Real Estate, Markets, China, china-real-estate, china-property-crisis, china-housing-market, china-housing

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