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Russia-China trade payments are facing months of delays as sanction fear creates a banking shortage

Fri, 04/05/2024 - 11:44

Tech Insider : Economy

VTB Bank, Russia's second biggest lender — VTB said it could not make payments in dollars due to sanctions.
KIRILL KUDRYAVTSEV/Getty Images

economy, Markets, russia-sanctions, china-bank, lenders, russia-oil-trade, oil-revenue

Apple focusing on home robots over AI would be a 'horror show' for the company, Wedbush's Dan Ives says

Fri, 04/05/2024 - 11:38

Apple CEO Tim Cook delivers a keynote during the European Union's privacy conference at the EU Parliament in Brussels, Belgium October 24, 2018. — Apple CEO Tim Cook
Yves Herman/Reuters

Tech, Markets, apple, APPL, apple-stock-outlook, Robots, self-driving-car

Job growth surged far more than expected in March

Fri, 04/05/2024 - 08:37

Tech Insider : Economy, Economy

A sign that says — Paul Bersebach/MediaNews Group/Orange County Register via Getty Images

economy, Markets, economy, Jobs, BLS, Unemployment, unemployment-rate

Barry Diller says Trump Media is 'a scam' and people buying shares are 'dopes'

Thu, 04/04/2024 - 16:38

Barry Diller — Barry Diller, IAC chairman, had some harsh words for Trump Media and its shareholders.
Mike Blake/REUTERS

Tech, Markets, Media, truth-social, barry-diller, expedia, tmtg

Swelling US debt could tip US markets into crisis as soon as next year, Wharton professor says

Thu, 04/04/2024 - 15:51

Tech Insider : Economy

Multiple one hundred dollar bills splayed out. — Many viewers were unimpressed with the financial theory.
Oleg Dubyna / 500px

Markets, economy, us-debt, us-debt-default, trump-tax-cuts, bond-yields, treasury-yields

China needs a new economic plan that focuses less on exporting and more on domestic growth, 'Dr. Doom' Nouriel Roubini says

Thu, 04/04/2024 - 13:00

Tech Insider : Economy

Nouriel Roubini 2. — Dr. Nouriel Roubini
Tom Williams/Getty Images

economy, Markets, china-economy, china-economic-growth, china-investing, china-trade-war, foreign-investors

The US economy is flashing a recession warning that has only been wrong once in the last century, top economist says

Thu, 04/04/2024 - 10:58

Tech Insider : Economy

A recession is coming in 2024 — Getty Images

economy, Markets, recession-outlook, recession-2024, us-economic-outlook, hard-landing, recession-indicator

Tesla can turn around its 'trainwreck' quarter if Elon Musk stops his distractions and takes back control, Wedbush's Dan Ives says

Thu, 04/04/2024 - 10:12

elon musk — Elon Musk.
REUTERS/Steve Nesius

Transportation, Markets, tesla, tesla-stock-outlook, elon-musk, tsla-stock, tesla-stock-price

A new Houston-area basic income program sending out $500 a month to residents with no strings attached had an acceptance rate lower than Harvard or Yale

Thu, 04/04/2024 - 09:29

Tech Insider : Economy

The skyline of Houston, Texas, at sunset. — Uplift Harris recently selected nearly 2,000 participants out of over 82,000 applicants.
Art Wager/Getty Images

economy, Markets, Houston, Texas, basic-income, guaranteed-income, UBI

General Electric's 132-year journey from American manufacturing icon to fallen giant

Thu, 04/04/2024 - 08:44

SEBASTIEN BOZON/AFP via Getty Images

Tech, Markets, Transportation, Features, GE, general-electric, jack-welch

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