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Why high interest rates actually might be helping US consumers, strategist says

Fri, 03/22/2024 - 11:54

Tech Insider : Economy

A hand depositing a coin into a piggy bank. — With student loans resuming, some people are left wondering how they'll afford to travel.
Boris Zhitkov

economy, Markets, higher-interest-rates, fed-rate-cuts, us-consumers, consumer-savings, us-economy-outlook

The Fed has 'itchy fingers' and should not be in a rush to cut interest rates, Larry Summers says

Fri, 03/22/2024 - 11:11

Tech Insider : Economy

A photo of Larry Summers — Larry Summers said he was "disillusioned and alienated."
Tom Williams/CQ-Roll Call, Inc via Getty Images

economy, Markets, federa-reserve, fed-rate-cuts, larry-summers, treasury-secretary-larry-summers, jerome-powell

How Ozempic could change the economy as we know it

Fri, 03/22/2024 - 10:48

Tech Insider : Economy

Ozempic box — Some businesses have already seen changes in consumer behavior due to GLP-1 drugs.
Getty Images

economy, Markets, Ozempic, diabetes, GLP-1, wegovy, heart-disease

The South is booming, beating out the West as the fastest-growing region in the country again last year

Fri, 03/22/2024 - 06:03

Tech Insider : Economy

Atlanta, Georgia, Ansley Park, mansion with city skyline behind. — Atlanta mansion with city skyline behind.
Jeff Greenberg/Getty Images

economy, Real Estate, Markets, real-estate, south, Texas, Florida

It might be harder to buy your favorite pair of classic Nikes this year

Fri, 03/22/2024 - 00:19

Air Force 1 during the San Antonio Spurs vs Los Angeles Lakers game on November 14, 2021, at Staples Center in Los Angeles, CA. — Nike Air Force 1s
Jevone Moore/Icon Sportswire via Getty Images

Retail, Earnings, Markets, Apparel, Shoes

Traders have invested $55 million using an app that helps them copy congressional stock portfolios

Thu, 03/21/2024 - 15:39

Tech Insider : Politics

Nancy Pelosi and Dan Crenshaw look in opposite directions. — Chip Somodevilla/Getty Images; Ethan Miller/Getty Images

politics, Markets, stock-act, stock-trading, nancy-pelosi

China is coming under increasing fire from the US and EU over its Russia dealings

Thu, 03/21/2024 - 14:36

Tech Insider : Economy

Vladimir Putin and Xi Jinping talking. — Russian President Vladimir Putin and Chinese leader Xi Jinping interacting during a welcoming ceremony at the Third Belt and Road Forum in Beijing on October 17, 2023.
Sergei Savostyanov/Pool/AFP/Getty Images

economy, Markets, russia-sanctions, china-bank, russia-china-relations, ukraine-war, us-sanctions

Renting will be cheaper than buying a home for years to come, real estate firm says

Thu, 03/21/2024 - 14:26

A "for rent" sign is posted in front of a home on December 12, 2023 in Miami, Florida.
Joe Raedle/Getty Images

Real Estate, Markets, real-estate, home-buying, home-rental, property-values, mortgage-rates

The looming office-real-estate crash will be worse than the Global Financial Crisis decline, Fitch says

Thu, 03/21/2024 - 12:00

manhattan skyline — Commercial real estate properties could be in for another 10% decline this year, Capital Economics estimated.
Gary Hershorn/Getty Images

Real Estate, Markets, mi-exclusive, commercial-real-estate, office-sector, office-vacancy, delinquency

The Fed should wait 'a couple years' before cutting rates as inflation is too sticky, top economist says

Thu, 03/21/2024 - 11:29

Tech Insider : Economy, Economy

mohamed el-erian pimco — Mohamed El-Erian
REUTERS/Fred Prouser

economy, Markets, fed-rate-cuts, fed-rate-cuts-outlook, fed-rate-cuts-2024, Inflation, economy

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